Can I retire at age 45 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$73,578$72,923$72,283$71,659$71,050$69,644
2 years$36,425$35,746$35,089$34,451$33,833$32,423
3 years$24,042$23,361$22,705$22,073$21,465$20,094
4 years$17,852$17,173$16,523$15,903$15,309$13,988
5 years$14,139$13,463$12,823$12,215$11,638$10,370
6 years$11,664$10,994$10,363$9,768$9,209$7,996
7 years$9,897$9,233$8,611$8,031$7,489$6,332
8 years$8,573$7,914$7,303$6,737$6,213$5,111
9 years$7,543$6,891$6,290$5,738$5,232$4,185
10 years$6,720$6,074$5,484$4,947$4,458$3,464
11 years$6,046$5,407$4,828$4,305$3,834$2,892
12 years$5,486$4,853$4,285$3,776$3,323$2,431
13 years$5,012$4,386$3,828$3,334$2,897$2,055
14 years$4,606$3,987$3,440$2,959$2,540$1,745
15 years$4,255$3,642$3,105$2,639$2,236$1,488
16 years$3,947$3,341$2,816$2,363$1,976$1,272
17 years$3,677$3,077$2,562$2,123$1,752$1,091
18 years$3,436$2,843$2,339$1,913$1,558$938
19 years$3,221$2,635$2,141$1,729$1,389$807
20 years$3,028$2,449$1,965$1,566$1,240$696
21 years$2,854$2,281$1,807$1,421$1,110$601
22 years$2,695$2,129$1,666$1,292$995$520
23 years$2,551$1,991$1,538$1,177$893$450
24 years$2,419$1,866$1,422$1,073$803$390
25 years$2,297$1,751$1,317$980$722$338
26 years$2,185$1,646$1,222$896$651$293
27 years$2,082$1,549$1,135$820$587$254
28 years$1,986$1,459$1,055$752$529$221
29 years$1,897$1,377$982$689$478$192
30 years$1,814$1,300$914$633$432$167
31 years$1,736$1,229$852$581$391$145
32 years$1,664$1,163$795$534$353$126
33 years$1,596$1,101$743$491$320$110
34 years$1,532$1,044$694$452$289$95
35 years$1,472$990$649$416$262$83
36 years$1,415$940$607$383$238$72
37 years$1,362$893$568$353$215$63
38 years$1,311$848$532$325$195$55
39 years$1,263$807$498$300$177$48
40 years$1,218$767$467$277$161$41
41 years$1,175$730$438$255$146$36
42 years$1,134$696$411$236$132$31
43 years$1,096$663$385$217$120$27
44 years$1,059$632$362$201$109$24
45 years$1,023$603$340$185$99$21
46 years$990$575$319$171$90$18
47 years$958$549$300$158$81$16
48 years$927$524$282$146$74$14
49 years$898$500$265$135$67$12
50 years$870$478$249$125$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $891,000, adding $5,779 every year, while hoping to spend $36,939 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: 69/18/13 Blend
44$891,000$891,000$891,000$891,000
45$987,843$940,620$926,810$1,052,767
46$1,049,300$947,408$918,555$1,103,453
47$1,115,788$953,290$908,786$1,153,910
48$1,187,780$958,183$897,412$1,208,155
49$1,265,799$961,999$884,340$1,266,553
50$1,350,417$964,643$869,472$1,329,509
51$1,442,264$966,015$852,704$1,397,471
52$1,542,033$966,009$833,928$1,470,931
53$1,650,488$964,511$813,032$1,550,432
54$1,768,467$961,401$789,898$1,636,574
55$1,896,894$956,552$764,402$1,730,019
56$2,036,783$949,829$736,416$1,831,495
57$2,189,253$941,089$705,804$1,941,808
58$2,355,533$930,179$672,424$2,061,845
59$2,536,977$916,937$636,131$2,192,585
60$2,735,076$901,195$596,769$2,335,109
61$2,951,470$882,770$554,176$2,490,609
62$3,187,965$861,470$508,186$2,660,399
63$3,446,549$837,093$458,622$2,845,929
64$3,729,411$809,425$405,299$3,048,798
65$4,038,961$778,237$348,027$3,270,771
66$4,377,853$743,289$286,604$3,513,793
67$4,749,010$704,326$220,822$3,780,011
68$5,155,651$661,080$150,461$4,071,791
69$5,601,320$613,265$75,294$4,391,746
70$6,089,920$560,581$0$4,742,755
71$6,625,752$502,709$0$5,128,675
72$7,213,550$439,313$0$5,563,518
73$7,858,531$370,038$0$6,040,727
74$8,566,439$294,508$0$6,564,600
75$9,343,604$212,327$0$7,139,873
76$10,196,996$123,075$0$7,771,768
77$11,134,295$26,312$0$8,466,041
78$12,163,961$0$0$9,229,036
79$13,295,312$0$0$10,083,282
80$14,538,616$0$0$11,027,840
81$15,905,183$0$0$12,066,098
82$17,407,475$0$0$13,207,532
83$19,059,219$0$0$14,462,580
84$20,875,541$0$0$15,842,740
85$22,873,104$0$0$17,360,683
86$25,070,269$0$0$19,030,369
87$27,487,264$0$0$20,867,178
88$30,146,377$0$0$22,888,056
89$33,072,165$0$0$25,111,676
90$36,291,686$0$0$27,558,609
91$39,834,752$0$0$30,251,524
92$43,734,212$0$0$33,215,398
93$48,026,261$0$0$36,477,750
94$52,750,780$0$0$40,068,906
95$57,951,714$0$0$44,022,278
96$63,677,485$0$0$48,374,683
97$69,981,447$0$0$53,166,691
98$76,922,392$0$0$58,443,005
99$84,565,103$0$0$64,252,881
100$92,980,965$0$0$70,650,599