Can I retire at age 45 with 892,000?

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 $892,000?

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$73,661$73,004$72,364$71,739$71,129$69,722
2 years$36,466$35,786$35,128$34,490$33,871$32,459
3 years$24,069$23,387$22,730$22,098$21,489$20,116
4 years$17,872$17,192$16,542$15,920$15,326$14,004
5 years$14,154$13,479$12,837$12,228$11,651$10,382
6 years$11,677$11,006$10,374$9,779$9,219$8,005
7 years$9,908$9,243$8,621$8,040$7,497$6,339
8 years$8,582$7,923$7,311$6,745$6,220$5,117
9 years$7,551$6,898$6,297$5,745$5,238$4,189
10 years$6,727$6,081$5,490$4,952$4,463$3,468
11 years$6,053$5,413$4,833$4,310$3,838$2,895
12 years$5,492$4,859$4,290$3,780$3,326$2,434
13 years$5,018$4,391$3,832$3,337$2,901$2,058
14 years$4,611$3,991$3,443$2,963$2,543$1,747
15 years$4,259$3,646$3,109$2,642$2,239$1,490
16 years$3,952$3,345$2,819$2,366$1,979$1,274
17 years$3,681$3,081$2,565$2,126$1,754$1,092
18 years$3,440$2,847$2,341$1,916$1,560$939
19 years$3,225$2,638$2,143$1,731$1,390$808
20 years$3,032$2,452$1,967$1,568$1,242$697
21 years$2,857$2,284$1,809$1,423$1,111$602
22 years$2,698$2,132$1,668$1,294$996$520
23 years$2,554$1,994$1,540$1,178$894$450
24 years$2,421$1,868$1,424$1,075$804$390
25 years$2,300$1,753$1,319$981$723$338
26 years$2,188$1,648$1,223$897$651$293
27 years$2,084$1,551$1,136$821$587$255
28 years$1,988$1,461$1,056$752$530$221
29 years$1,899$1,378$983$690$479$192
30 years$1,816$1,302$915$633$432$167
31 years$1,738$1,231$853$582$391$145
32 years$1,666$1,164$796$535$354$126
33 years$1,597$1,103$743$492$320$110
34 years$1,534$1,045$695$452$290$95
35 years$1,473$991$649$416$262$83
36 years$1,417$941$607$383$238$72
37 years$1,363$894$569$353$216$63
38 years$1,313$849$532$326$195$55
39 years$1,265$807$499$300$177$48
40 years$1,220$768$468$277$161$41
41 years$1,176$731$438$255$146$36
42 years$1,136$696$411$236$132$31
43 years$1,097$664$386$218$120$27
44 years$1,060$633$362$201$109$24
45 years$1,025$603$340$186$99$21
46 years$991$575$319$171$90$18
47 years$959$549$300$158$82$16
48 years$928$524$282$146$74$14
49 years$899$501$265$135$67$12
50 years$871$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 $892,000, adding $6,093 every year, while hoping to spend $48,057 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: 27/49/24 Blend
44$892,000$892,000$892,000$892,000
45$989,269$941,993$928,167$1,008,389
46$1,039,042$937,018$908,128$1,019,092
47$1,092,281$930,189$885,808$1,025,983
48$1,149,290$921,364$861,078$1,032,374
49$1,210,399$910,393$833,806$1,038,255
50$1,275,974$897,116$803,853$1,043,617
51$1,346,414$881,366$771,072$1,048,458
52$1,422,159$862,963$735,313$1,052,778
53$1,503,689$841,718$696,416$1,056,584
54$1,591,534$817,431$654,215$1,059,889
55$1,686,274$789,889$608,535$1,062,714
56$1,788,550$758,869$559,196$1,065,089
57$1,899,060$724,132$506,008$1,067,054
58$2,018,578$685,428$448,773$1,068,659
59$2,147,949$642,491$387,283$1,069,969
60$2,288,106$595,039$321,323$1,071,064
61$2,440,072$542,775$250,667$1,072,038
62$2,604,975$485,386$175,079$1,073,009
63$2,784,051$422,539$94,314$1,074,112
64$2,978,665$353,884$8,114$1,075,509
65$3,190,314$279,050$0$1,077,390
66$3,420,648$197,645$0$1,101,454
67$3,671,482$109,257$0$1,130,090
68$3,944,811$13,448$0$1,161,587
69$4,242,832$0$0$1,196,363
70$4,567,966$0$0$1,283,543
71$4,922,872$0$0$1,386,760
72$5,310,481$0$0$1,499,632
73$5,734,019$0$0$1,623,118
74$6,197,037$0$0$1,758,270
75$6,703,444$0$0$1,906,250
76$7,257,545$0$0$2,068,336
77$7,864,081$0$0$2,245,936
78$8,528,271$0$0$2,440,600
79$9,255,863$0$0$2,654,035
80$10,053,187$0$0$2,888,122
81$10,927,214$0$0$3,144,933
82$11,885,624$0$0$3,426,748
83$12,936,872$0$0$3,736,081
84$14,090,273$0$0$4,075,699
85$15,356,087$0$0$4,448,653
86$16,745,615$0$0$4,858,301
87$18,271,306$0$0$5,308,343
88$19,946,873$0$0$5,802,856
89$21,787,423$0$0$6,346,331
90$23,809,597$0$0$6,943,715
91$26,031,728$0$0$7,600,459
92$28,474,013$0$0$8,322,568
93$31,158,703$0$0$9,116,659
94$34,110,312$0$0$9,990,020
95$37,355,849$0$0$10,950,683
96$40,925,068$0$0$12,007,497
97$44,850,753$0$0$13,170,211
98$49,169,026$0$0$14,449,568
99$53,919,682$0$0$15,857,402
100$59,146,570$0$0$17,406,756