Can I retire at age 45 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$73,413$72,759$72,121$71,498$70,890$68,953
2 years$36,343$35,666$35,010$34,374$33,757$31,819
3 years$23,988$23,308$22,654$22,024$21,417$19,539
4 years$17,812$17,134$16,486$15,867$15,275$13,472
5 years$14,107$13,433$12,794$12,187$11,612$9,889
6 years$11,638$10,969$10,339$9,746$9,188$7,546
7 years$9,875$9,212$8,592$8,013$7,472$5,912
8 years$8,553$7,896$7,287$6,722$6,199$4,719
9 years$7,526$6,875$6,276$5,726$5,220$3,820
10 years$6,705$6,060$5,472$4,935$4,448$3,125
11 years$6,033$5,395$4,817$4,295$3,825$2,578
12 years$5,474$4,842$4,275$3,768$3,315$2,140
13 years$5,001$4,376$3,820$3,326$2,891$1,786
14 years$4,596$3,978$3,432$2,953$2,534$1,498
15 years$4,245$3,634$3,099$2,633$2,231$1,260
16 years$3,939$3,334$2,809$2,358$1,972$1,063
17 years$3,668$3,070$2,556$2,118$1,748$899
18 years$3,429$2,837$2,334$1,909$1,555$762
19 years$3,214$2,629$2,136$1,725$1,386$647
20 years$3,021$2,443$1,961$1,562$1,238$550
21 years$2,847$2,276$1,803$1,418$1,108$468
22 years$2,689$2,124$1,662$1,289$993$399
23 years$2,545$1,987$1,535$1,174$891$340
24 years$2,413$1,862$1,419$1,071$801$290
25 years$2,292$1,747$1,315$978$721$248
26 years$2,180$1,642$1,219$894$649$212
27 years$2,077$1,545$1,132$819$585$181
28 years$1,981$1,456$1,052$750$528$155
29 years$1,892$1,374$979$688$477$132
30 years$1,810$1,297$912$631$431$113
31 years$1,732$1,226$850$580$390$97
32 years$1,660$1,160$793$533$352$83
33 years$1,592$1,099$741$490$319$71
34 years$1,528$1,042$692$451$289$61
35 years$1,468$988$647$415$262$52
36 years$1,412$938$605$382$237$45
37 years$1,359$891$567$352$215$38
38 years$1,308$846$531$325$195$33
39 years$1,261$805$497$299$177$28
40 years$1,215$766$466$276$160$24
41 years$1,173$729$437$255$145$21
42 years$1,132$694$410$235$132$18
43 years$1,093$661$385$217$120$15
44 years$1,056$630$361$200$109$13
45 years$1,021$601$339$185$99$11
46 years$988$573$318$171$90$9
47 years$956$547$299$158$81$8
48 years$925$522$281$146$74$7
49 years$896$499$264$135$67$6
50 years$868$477$248$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $889,000, adding $2,781 every year, while hoping to spend $21,203 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: 49/22/29 Blend
44$889,000$889,000$889,000$889,000
45$982,547$935,430$921,650$1,022,464
46$1,060,207$958,706$929,966$1,074,055
47$1,145,077$982,412$937,849$1,127,767
48$1,237,872$1,006,547$945,263$1,185,718
49$1,339,375$1,031,108$952,170$1,248,319
50$1,450,452$1,056,093$958,528$1,316,025
51$1,572,054$1,081,497$964,295$1,389,336
52$1,705,229$1,107,317$969,425$1,468,802
53$1,851,133$1,133,545$973,871$1,555,033
54$2,011,036$1,160,176$977,583$1,648,698
55$2,186,338$1,187,201$980,508$1,750,536
56$2,378,581$1,214,611$982,592$1,861,360
57$2,589,464$1,242,395$983,777$1,982,068
58$2,820,858$1,270,541$984,002$2,113,649
59$3,074,823$1,299,035$983,204$2,257,195
60$3,353,629$1,327,862$981,315$2,413,906
61$3,659,776$1,357,004$978,266$2,585,108
62$3,996,018$1,386,442$973,983$2,772,262
63$4,365,390$1,416,156$968,390$2,976,979
64$4,771,234$1,446,122$961,405$3,201,033
65$5,217,232$1,476,314$952,944$3,446,382
66$5,707,441$1,506,704$942,919$3,715,184
67$6,246,330$1,537,262$931,236$4,009,818
68$6,838,822$1,567,955$917,799$4,332,904
69$7,490,343$1,598,746$902,506$4,687,333
70$8,206,868$1,629,595$885,251$5,076,292
71$8,994,983$1,660,459$865,921$5,503,294
72$9,861,943$1,691,293$844,401$5,972,210
73$10,815,742$1,722,047$820,569$6,487,308
74$11,865,185$1,752,665$794,296$7,053,294
75$13,019,979$1,783,090$765,449$7,675,355
76$14,290,814$1,813,260$733,890$8,359,207
77$15,689,473$1,843,105$699,471$9,111,154
78$17,228,937$1,872,555$662,040$9,938,142
79$18,923,509$1,901,530$621,439$10,847,830
80$20,788,949$1,929,948$577,500$11,848,659
81$22,842,625$1,957,718$530,049$12,949,934
82$25,103,671$1,984,744$478,904$14,161,910
83$27,593,174$2,010,925$423,875$15,495,894
84$30,334,367$2,036,150$364,765$16,964,346
85$33,352,852$2,060,301$301,364$18,581,002
86$36,676,842$2,083,254$233,458$20,361,002
87$40,337,420$2,104,875$160,820$22,321,034
88$44,368,844$2,125,020$83,214$24,479,490
89$48,808,858$2,143,539$394$26,856,644
90$53,699,058$2,160,268$0$29,474,843
91$59,085,275$2,175,035$0$32,385,941
92$65,018,018$2,187,656$0$35,591,759
93$71,552,942$2,197,937$0$39,122,181
94$78,751,374$2,205,668$0$43,010,275
95$86,680,898$2,210,630$0$47,292,482
96$95,415,985$2,212,586$0$52,008,961
97$105,038,700$2,211,287$0$57,203,967
98$115,639,476$2,206,469$0$62,926,270
99$127,317,967$2,197,850$0$69,229,615
100$140,183,986$2,185,131$0$76,173,230