Can I retire at age 45 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$73,248$72,595$71,959$71,337$70,731$69,530
2 years$36,261$35,586$34,931$34,297$33,681$32,476
3 years$23,934$23,256$22,603$21,974$21,369$20,195
4 years$17,772$17,095$16,449$15,831$15,240$14,108
5 years$14,075$13,403$12,765$12,160$11,585$10,498
6 years$11,612$10,945$10,316$9,724$9,167$8,125
7 years$9,853$9,191$8,573$7,995$7,455$6,460
8 years$8,534$7,879$7,270$6,707$6,185$5,235
9 years$7,509$6,860$6,262$5,713$5,209$4,304
10 years$6,689$6,047$5,459$4,924$4,438$3,578
11 years$6,019$5,383$4,806$4,286$3,817$3,001
12 years$5,461$4,831$4,265$3,759$3,308$2,534
13 years$4,990$4,366$3,811$3,319$2,884$2,152
14 years$4,585$3,969$3,424$2,946$2,528$1,836
15 years$4,236$3,625$3,092$2,627$2,226$1,573
16 years$3,930$3,326$2,803$2,352$1,967$1,352
17 years$3,660$3,063$2,551$2,114$1,745$1,165
18 years$3,421$2,831$2,328$1,905$1,551$1,006
19 years$3,207$2,623$2,131$1,721$1,383$871
20 years$3,015$2,438$1,956$1,559$1,235$755
21 years$2,841$2,271$1,799$1,415$1,105$655
22 years$2,683$2,120$1,658$1,286$991$570
23 years$2,539$1,983$1,531$1,172$889$496
24 years$2,408$1,857$1,416$1,068$799$432
25 years$2,287$1,743$1,312$976$719$376
26 years$2,175$1,638$1,216$892$648$328
27 years$2,072$1,542$1,130$817$584$287
28 years$1,977$1,453$1,050$748$527$250
29 years$1,888$1,371$977$686$476$219
30 years$1,806$1,294$910$630$430$191
31 years$1,728$1,224$849$578$389$167
32 years$1,656$1,158$792$532$352$146
33 years$1,588$1,096$739$489$318$128
34 years$1,525$1,039$691$450$288$112
35 years$1,465$986$646$414$261$98
36 years$1,409$936$604$381$236$86
37 years$1,356$889$565$351$214$75
38 years$1,305$844$529$324$194$66
39 years$1,258$803$496$299$176$58
40 years$1,213$764$465$275$160$50
41 years$1,170$727$436$254$145$44
42 years$1,129$693$409$234$132$39
43 years$1,091$660$384$216$119$34
44 years$1,054$629$360$200$108$30
45 years$1,019$600$338$185$98$26
46 years$985$572$318$170$89$23
47 years$954$546$298$158$81$20
48 years$923$521$280$146$74$17
49 years$894$498$264$135$67$15
50 years$866$476$248$124$61$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $887,000, adding $2,852 every year, while hoping to spend $26,255 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: 84/8/8 Blend
44$887,000$887,000$887,000$887,000
45$980,416$933,405$919,656$1,061,648
46$1,052,483$951,207$922,530$1,132,940
47$1,131,021$969,001$924,619$1,207,389
48$1,216,663$986,759$925,871$1,288,343
49$1,310,103$1,004,451$926,229$1,376,440
50$1,412,109$1,022,044$925,633$1,472,381
51$1,523,523$1,039,504$924,021$1,576,938
52$1,645,274$1,056,791$921,327$1,690,964
53$1,778,384$1,073,865$917,483$1,815,393
54$1,923,977$1,090,683$912,417$1,951,260
55$2,083,293$1,107,197$906,053$2,099,699
56$2,257,696$1,123,356$898,313$2,261,964
57$2,448,689$1,139,108$889,114$2,439,434
58$2,657,924$1,154,394$878,369$2,633,628
59$2,887,226$1,169,152$865,987$2,846,220
60$3,138,599$1,183,317$851,874$3,079,054
61$3,414,253$1,196,817$835,929$3,334,162
62$3,716,623$1,209,577$818,049$3,613,782
63$4,048,390$1,221,517$798,124$3,920,380
64$4,412,506$1,232,552$776,042$4,256,672
65$4,812,224$1,242,589$751,681$4,625,653
66$5,251,126$1,251,532$724,919$5,030,621
67$5,733,161$1,259,277$695,623$5,475,210
68$6,262,676$1,265,713$663,659$5,963,424
69$6,844,460$1,270,725$628,882$6,499,675
70$7,483,790$1,274,185$591,145$7,088,827
71$8,186,479$1,275,963$550,292$7,736,235
72$8,958,932$1,275,918$506,159$8,447,803
73$9,808,205$1,273,899$458,576$9,230,035
74$10,742,070$1,269,749$407,367$10,090,101
75$11,769,093$1,263,298$352,345$11,035,898
76$12,898,709$1,254,368$293,317$12,076,131
77$14,141,314$1,242,769$230,080$13,220,390
78$15,508,364$1,228,300$162,424$14,479,245
79$17,012,478$1,210,748$90,127$15,864,342
80$18,667,564$1,189,888$12,959$17,388,517
81$20,488,943$1,165,480$0$19,065,913
82$22,493,496$1,137,270$0$20,918,038
83$24,699,827$1,104,990$0$22,957,712
84$27,128,431$1,068,356$0$25,202,774
85$29,801,894$1,027,068$0$27,674,107
86$32,745,099$980,807$0$30,394,720
87$35,985,470$929,237$0$33,389,968
88$39,553,220$872,002$0$36,687,789
89$43,481,643$808,724$0$40,318,973
90$47,807,426$739,007$0$44,317,445
91$52,570,995$662,430$0$48,720,592
92$57,816,894$578,547$0$53,569,611
93$63,594,211$486,890$0$58,909,901
94$69,957,034$386,961$0$64,791,490
95$76,964,966$278,236$0$71,269,505
96$84,683,684$160,162$0$78,404,698
97$93,185,563$32,153$0$86,264,015
98$102,550,355$0$0$94,921,228
99$112,865,940$0$0$104,467,001
100$124,229,162$0$0$114,985,370