Can I retire at age 45 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$73,743$73,086$72,445$71,820$71,209$69,657
2 years$36,506$35,827$35,168$34,529$33,909$32,354
3 years$24,096$23,413$22,756$22,123$21,513$20,003
4 years$17,892$17,211$16,560$15,938$15,343$13,889
5 years$14,170$13,494$12,852$12,242$11,664$10,270
6 years$11,690$11,019$10,386$9,790$9,229$7,897
7 years$9,919$9,253$8,631$8,049$7,506$6,236
8 years$8,592$7,932$7,320$6,752$6,227$5,019
9 years$7,560$6,906$6,304$5,751$5,244$4,097
10 years$6,735$6,087$5,496$4,958$4,468$3,381
11 years$6,060$5,419$4,839$4,315$3,843$2,814
12 years$5,498$4,864$4,294$3,785$3,330$2,358
13 years$5,023$4,396$3,837$3,341$2,904$1,987
14 years$4,616$3,996$3,447$2,966$2,545$1,681
15 years$4,264$3,650$3,112$2,645$2,241$1,428
16 years$3,956$3,349$2,822$2,368$1,981$1,217
17 years$3,685$3,084$2,568$2,128$1,756$1,040
18 years$3,444$2,850$2,344$1,918$1,562$890
19 years$3,229$2,641$2,146$1,733$1,392$764
20 years$3,035$2,454$1,969$1,569$1,243$656
21 years$2,860$2,286$1,811$1,424$1,113$564
22 years$2,701$2,134$1,670$1,295$997$486
23 years$2,557$1,996$1,542$1,179$895$419
24 years$2,424$1,870$1,426$1,076$805$362
25 years$2,302$1,755$1,320$982$724$312
26 years$2,190$1,649$1,225$898$652$270
27 years$2,086$1,552$1,137$822$588$233
28 years$1,990$1,463$1,057$753$531$202
29 years$1,901$1,380$984$691$479$174
30 years$1,818$1,303$916$634$433$151
31 years$1,740$1,232$854$582$391$131
32 years$1,667$1,166$797$535$354$113
33 years$1,599$1,104$744$492$320$98
34 years$1,535$1,046$695$453$290$85
35 years$1,475$992$650$417$263$74
36 years$1,418$942$608$384$238$64
37 years$1,365$895$569$354$216$55
38 years$1,314$850$533$326$196$48
39 years$1,266$808$499$301$177$41
40 years$1,221$769$468$277$161$36
41 years$1,178$732$439$256$146$31
42 years$1,137$697$412$236$132$27
43 years$1,098$664$386$218$120$23
44 years$1,061$633$363$201$109$20
45 years$1,026$604$341$186$99$18
46 years$992$576$320$172$90$15
47 years$960$550$300$159$82$13
48 years$929$525$282$147$74$11
49 years$900$501$265$135$67$10
50 years$872$479$250$125$61$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $893,000, adding $6,048 every year, while hoping to spend $53,051 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: 60/15/25 Blend
44$893,000$893,000$893,000$893,000
45$990,325$942,996$929,154$1,042,773
46$1,034,892$932,756$903,835$1,068,910
47$1,082,227$920,238$875,889$1,091,155
48$1,132,556$905,271$845,174$1,114,282
49$1,186,127$887,680$811,537$1,138,390
50$1,243,211$867,275$774,823$1,163,587
51$1,304,104$843,857$734,865$1,189,996
52$1,369,132$817,216$691,493$1,217,754
53$1,438,652$787,127$644,526$1,247,015
54$1,513,053$753,355$593,776$1,277,953
55$1,592,764$715,650$539,047$1,310,760
56$1,678,256$673,746$480,135$1,345,653
57$1,770,043$627,365$416,825$1,382,873
58$1,868,691$576,210$348,892$1,422,690
59$1,974,822$519,968$276,104$1,465,406
60$2,089,117$458,310$198,217$1,511,357
61$2,212,326$390,885$114,976$1,560,916
62$2,345,270$317,326$26,115$1,614,503
63$2,488,854$237,242$0$1,672,581
64$2,644,072$150,221$0$1,753,998
65$2,812,014$55,829$0$1,849,625
66$2,993,881$0$0$1,953,209
67$3,190,993$0$0$2,073,204
68$3,404,799$0$0$2,213,418
69$3,636,896$0$0$2,365,688
70$3,889,038$0$0$2,531,175
71$4,163,156$0$0$2,711,154
72$4,461,373$0$0$2,907,027
73$4,786,026$0$0$3,120,339
74$5,139,686$0$0$3,352,787
75$5,525,182$0$0$3,606,241
76$5,945,627$0$0$3,882,759
77$6,404,450$0$0$4,184,605
78$6,905,422$0$0$4,514,272
79$7,452,697$0$0$4,874,505
80$8,050,846$0$0$5,268,325
81$8,704,902$0$0$5,699,057
82$9,420,407$0$0$6,170,366
83$10,203,463$0$0$6,686,282
84$11,060,789$0$0$7,251,249
85$11,999,785$0$0$7,870,155
86$13,028,598$0$0$8,548,387
87$14,156,203$0$0$9,291,877
88$15,392,482$0$0$10,107,156
89$16,748,320$0$0$11,001,420
90$18,235,707$0$0$11,982,594
91$19,867,847$0$0$13,059,408
92$21,659,287$0$0$14,241,475
93$23,626,049$0$0$15,539,389
94$25,785,782$0$0$16,964,817
95$28,157,929$0$0$18,530,611
96$30,763,908$0$0$20,250,931
97$33,627,313$0$0$22,141,375
98$36,774,139$0$0$24,219,126
99$40,233,022$0$0$26,503,117
100$44,035,510$0$0$29,014,205