Can I retire at age 45 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$73,330$72,677$72,040$71,418$70,810$68,434
2 years$36,302$35,626$34,971$34,335$33,719$31,349
3 years$23,961$23,282$22,628$21,999$21,393$19,102
4 years$17,792$17,115$16,468$15,849$15,258$13,065
5 years$14,091$13,418$12,780$12,174$11,599$9,509
6 years$11,625$10,957$10,328$9,735$9,178$7,193
7 years$9,864$9,202$8,582$8,004$7,464$5,584
8 years$8,544$7,887$7,279$6,714$6,192$4,416
9 years$7,517$6,867$6,269$5,719$5,215$3,540
10 years$6,697$6,053$5,466$4,930$4,443$2,867
11 years$6,026$5,389$4,812$4,291$3,821$2,340
12 years$5,467$4,837$4,270$3,763$3,311$1,923
13 years$4,995$4,371$3,815$3,322$2,888$1,588
14 years$4,591$3,973$3,428$2,949$2,531$1,316
15 years$4,240$3,630$3,095$2,630$2,229$1,095
16 years$3,934$3,330$2,806$2,355$1,970$913
17 years$3,664$3,067$2,553$2,116$1,746$763
18 years$3,425$2,834$2,331$1,907$1,553$639
19 years$3,211$2,626$2,134$1,723$1,384$536
20 years$3,018$2,441$1,958$1,561$1,236$450
21 years$2,844$2,273$1,801$1,416$1,106$378
22 years$2,686$2,122$1,660$1,288$992$318
23 years$2,542$1,985$1,533$1,173$890$268
24 years$2,410$1,860$1,418$1,070$800$226
25 years$2,289$1,745$1,313$977$720$190
26 years$2,178$1,640$1,218$893$649$161
27 years$2,075$1,544$1,131$818$585$135
28 years$1,979$1,454$1,051$749$528$114
29 years$1,890$1,372$978$687$476$96
30 years$1,808$1,296$911$630$430$81
31 years$1,730$1,225$850$579$389$69
32 years$1,658$1,159$793$532$352$58
33 years$1,590$1,098$740$489$319$49
34 years$1,527$1,040$691$450$288$41
35 years$1,467$987$646$414$261$35
36 years$1,410$937$605$382$237$30
37 years$1,357$890$566$352$215$25
38 years$1,307$845$530$324$195$21
39 years$1,259$804$497$299$176$18
40 years$1,214$765$465$276$160$15
41 years$1,171$728$436$254$145$13
42 years$1,131$693$409$235$132$11
43 years$1,092$661$384$217$120$9
44 years$1,055$630$361$200$108$8
45 years$1,020$600$339$185$98$7
46 years$987$573$318$171$89$6
47 years$955$547$299$158$81$5
48 years$924$522$281$146$74$4
49 years$895$498$264$135$67$3
50 years$867$476$248$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $888,000, adding $6,061 every year, while hoping to spend $31,634 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: 40/32/28 Blend
44$888,000$888,000$888,000$888,000
45$984,828$937,764$924,000$1,015,876
46$1,051,622$950,056$921,296$1,051,291
47$1,124,169$961,890$917,440$1,086,196
48$1,203,022$973,211$912,362$1,123,357
49$1,288,790$983,958$905,986$1,163,001
50$1,382,143$994,068$898,233$1,205,377
51$1,483,817$1,003,473$889,020$1,250,765
52$1,594,624$1,012,101$878,259$1,299,473
53$1,715,456$1,019,874$865,862$1,351,842
54$1,847,296$1,026,711$851,732$1,408,250
55$1,991,225$1,032,525$835,769$1,469,115
56$2,148,433$1,037,222$817,870$1,534,902
57$2,320,230$1,040,703$797,926$1,606,122
58$2,508,059$1,042,863$775,823$1,683,345
59$2,713,509$1,043,591$751,440$1,767,197
60$2,938,328$1,042,768$724,654$1,858,374
61$3,184,442$1,040,267$695,334$1,957,645
62$3,453,971$1,035,956$663,344$2,065,860
63$3,749,250$1,029,693$628,540$2,183,959
64$4,072,852$1,021,326$590,775$2,312,984
65$4,427,608$1,010,696$549,891$2,454,083
66$4,816,638$997,634$505,726$2,608,529
67$5,243,377$981,961$458,111$2,777,725
68$5,711,611$963,486$406,866$2,963,226
69$6,225,506$942,008$351,808$3,166,746
70$6,789,656$917,314$292,741$3,390,184
71$7,409,116$889,178$229,464$3,635,633
72$8,089,460$857,362$161,764$3,905,409
73$8,836,824$821,611$89,422$4,202,069
74$9,657,969$781,660$12,208$4,528,436
75$10,560,345$737,224$0$4,887,629
76$11,552,157$688,005$0$5,304,064
77$12,642,445$633,685$0$5,765,829
78$13,841,170$573,931$0$6,273,548
79$15,159,305$508,389$0$6,831,941
80$16,608,938$436,684$0$7,446,211
81$18,203,391$358,423$0$8,122,095
82$19,957,339$273,188$0$8,865,921
83$21,886,951$180,538$0$9,684,670
84$24,010,044$80,008$0$10,586,037
85$26,346,247$0$0$11,578,509
86$28,917,189$0$0$12,681,620
87$31,746,700$0$0$13,926,818
88$34,861,041$0$0$15,297,505
89$38,289,144$0$0$16,806,432
90$42,062,891$0$0$18,467,650
91$46,217,409$0$0$20,296,641
92$50,791,407$0$0$22,310,465
93$55,827,538$0$0$24,527,923
94$61,372,800$0$0$26,969,727
95$67,478,980$0$0$29,658,704
96$74,203,144$0$0$32,620,006
97$81,608,174$0$0$35,881,348
98$89,763,361$0$0$39,473,271
99$98,745,059$0$0$43,429,429
100$108,637,403$0$0$47,786,906