Can I retire at age 45 with 882,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$72,835$72,186$71,553$70,935$70,332$68,799
2 years$36,057$35,385$34,734$34,103$33,491$31,955
3 years$23,799$23,125$22,475$21,850$21,248$19,756
4 years$17,671$16,999$16,356$15,742$15,154$13,718
5 years$13,996$13,327$12,693$12,091$11,520$10,144
6 years$11,546$10,883$10,258$9,670$9,116$7,800
7 years$9,797$9,139$8,524$7,950$7,413$6,159
8 years$8,486$7,834$7,229$6,669$6,150$4,957
9 years$7,467$6,821$6,227$5,680$5,179$4,047
10 years$6,652$6,012$5,429$4,897$4,413$3,339
11 years$5,985$5,353$4,779$4,262$3,795$2,779
12 years$5,431$4,804$4,241$3,738$3,289$2,329
13 years$4,961$4,342$3,789$3,300$2,868$1,962
14 years$4,560$3,946$3,405$2,929$2,514$1,661
15 years$4,212$3,605$3,074$2,613$2,214$1,411
16 years$3,908$3,308$2,787$2,339$1,956$1,202
17 years$3,640$3,046$2,536$2,102$1,735$1,027
18 years$3,402$2,815$2,315$1,894$1,542$879
19 years$3,189$2,609$2,119$1,711$1,375$754
20 years$2,998$2,424$1,945$1,550$1,228$648
21 years$2,825$2,258$1,789$1,407$1,099$558
22 years$2,668$2,108$1,649$1,279$985$480
23 years$2,525$1,971$1,523$1,165$884$414
24 years$2,394$1,847$1,408$1,062$795$357
25 years$2,274$1,733$1,304$970$715$308
26 years$2,163$1,629$1,210$887$644$266
27 years$2,061$1,533$1,123$812$581$230
28 years$1,966$1,445$1,044$744$524$199
29 years$1,878$1,363$972$682$473$172
30 years$1,795$1,287$905$626$428$149
31 years$1,719$1,217$844$575$387$129
32 years$1,647$1,151$787$529$350$112
33 years$1,580$1,090$735$486$316$97
34 years$1,516$1,033$687$447$287$84
35 years$1,457$980$642$412$260$73
36 years$1,401$930$601$379$235$63
37 years$1,348$884$562$349$213$55
38 years$1,298$840$526$322$193$47
39 years$1,251$798$493$297$175$41
40 years$1,206$760$462$274$159$36
41 years$1,163$723$434$253$144$31
42 years$1,123$689$407$233$131$27
43 years$1,085$656$382$215$119$23
44 years$1,048$625$358$199$108$20
45 years$1,013$596$336$184$98$17
46 years$980$569$316$170$89$15
47 years$948$543$297$157$81$13
48 years$918$518$279$145$73$11
49 years$889$495$262$134$67$10
50 years$861$473$246$124$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $882,000, adding $2,263 every year, while hoping to spend $23,923 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 36/36/28 Blend
44$882,000$882,000$882,000$882,000
45$974,298$927,552$913,881$1,001,115
46$1,048,223$947,548$919,042$1,041,258
47$1,128,886$967,723$923,575$1,082,240
48$1,216,949$988,058$927,432$1,126,025
49$1,313,142$1,008,537$930,565$1,172,881
50$1,418,267$1,029,140$932,923$1,223,105
51$1,533,207$1,049,844$934,452$1,277,023
52$1,658,934$1,070,627$935,097$1,334,996
53$1,796,520$1,091,462$934,797$1,397,422
54$1,947,143$1,112,322$933,491$1,464,741
55$2,112,102$1,133,176$931,113$1,537,436
56$2,292,827$1,153,992$927,596$1,616,044
57$2,490,893$1,174,735$922,868$1,701,156
58$2,708,034$1,195,367$916,854$1,793,423
59$2,946,159$1,215,846$909,474$1,893,564
60$3,207,374$1,236,129$900,648$2,002,375
61$3,493,995$1,256,168$890,288$2,120,732
62$3,808,574$1,275,911$878,305$2,249,601
63$4,153,923$1,295,306$864,603$2,390,051
64$4,533,140$1,314,292$849,083$2,543,260
65$4,949,635$1,332,808$831,643$2,710,526
66$5,407,168$1,350,785$812,172$2,893,285
67$5,909,878$1,368,152$790,559$3,093,120
68$6,462,326$1,384,833$766,684$3,311,775
69$7,069,538$1,400,744$740,422$3,551,179
70$7,737,049$1,415,799$711,645$3,813,456
71$8,470,959$1,429,904$680,216$4,100,951
72$9,277,986$1,442,959$645,992$4,416,253
73$10,165,535$1,454,858$608,827$4,762,214
74$11,141,761$1,465,487$568,564$5,141,983
75$12,215,651$1,474,727$525,041$5,559,033
76$13,397,107$1,482,448$478,090$6,017,195
77$14,697,038$1,488,514$427,533$6,520,694
78$16,127,466$1,492,781$373,185$7,074,191
79$17,701,634$1,495,094$314,853$7,682,827
80$19,434,136$1,495,289$252,336$8,352,269
81$21,341,051$1,493,192$185,423$9,088,772
82$23,440,098$1,488,618$113,894$9,899,231
83$25,750,799$1,481,371$37,520$10,791,251
84$28,294,666$1,471,243$0$11,773,217
85$31,095,401$1,458,013$0$12,867,520
86$34,179,123$1,441,447$0$14,084,032
87$37,574,614$1,421,298$0$15,422,856
88$41,313,584$1,397,301$0$16,896,473
89$45,430,980$1,369,179$0$18,518,641
90$49,965,307$1,336,637$0$20,304,523
91$54,958,998$1,299,361$0$22,270,835
92$60,458,808$1,257,022$0$24,436,000
93$66,516,259$1,209,269$0$26,820,325
94$73,188,126$1,155,731$0$29,446,193
95$80,536,970$1,096,017$0$32,338,275
96$88,631,731$1,029,713$0$35,523,762
97$97,548,378$956,379$0$39,032,627
98$107,370,623$875,552$0$42,897,905
99$118,190,715$786,743$0$47,156,007
100$130,110,308$689,433$0$51,847,063