Can I retire at age 45 with 894,000?

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 $894,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$73,826$73,168$72,527$71,900$71,289$68,542
2 years$36,547$35,867$35,207$34,567$33,947$31,212
3 years$24,123$23,439$22,781$22,148$21,537$18,901
4 years$17,912$17,230$16,579$15,956$15,361$12,842
5 years$14,186$13,509$12,866$12,256$11,677$9,283
6 years$11,703$11,031$10,398$9,801$9,240$6,972
7 years$9,930$9,264$8,640$8,058$7,514$5,373
8 years$8,601$7,941$7,328$6,760$6,234$4,216
9 years$7,568$6,914$6,311$5,758$5,250$3,353
10 years$6,742$6,094$5,502$4,963$4,473$2,693
11 years$6,067$5,425$4,844$4,320$3,847$2,180
12 years$5,504$4,869$4,299$3,789$3,334$1,776
13 years$5,029$4,401$3,841$3,345$2,907$1,453
14 years$4,622$4,000$3,451$2,969$2,548$1,194
15 years$4,269$3,654$3,116$2,648$2,244$984
16 years$3,961$3,353$2,825$2,371$1,983$813
17 years$3,689$3,088$2,571$2,130$1,758$673
18 years$3,448$2,853$2,347$1,920$1,563$558
19 years$3,232$2,644$2,148$1,735$1,393$463
20 years$3,038$2,457$1,972$1,571$1,245$385
21 years$2,863$2,289$1,813$1,426$1,114$321
22 years$2,704$2,136$1,671$1,297$998$267
23 years$2,559$1,998$1,543$1,181$896$223
24 years$2,427$1,872$1,427$1,077$806$186
25 years$2,305$1,757$1,322$984$725$155
26 years$2,193$1,651$1,226$899$653$129
27 years$2,089$1,554$1,138$823$589$108
28 years$1,993$1,464$1,058$754$531$90
29 years$1,903$1,381$985$692$480$75
30 years$1,820$1,305$917$635$433$63
31 years$1,742$1,233$855$583$392$53
32 years$1,669$1,167$798$536$354$44
33 years$1,601$1,105$745$493$321$37
34 years$1,537$1,047$696$453$290$31
35 years$1,477$993$651$417$263$26
36 years$1,420$943$609$384$238$21
37 years$1,366$896$570$354$216$18
38 years$1,316$851$534$326$196$15
39 years$1,268$809$500$301$178$13
40 years$1,222$770$469$278$161$10
41 years$1,179$733$439$256$146$9
42 years$1,138$698$412$236$133$7
43 years$1,099$665$387$218$120$6
44 years$1,062$634$363$201$109$5
45 years$1,027$605$341$186$99$4
46 years$993$577$320$172$90$4
47 years$961$550$301$159$82$3
48 years$930$525$283$147$74$2
49 years$901$502$266$136$67$2
50 years$873$479$250$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $894,000, adding $2,122 every year, while hoping to spend $27,517 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: 58/20/22 Blend
44$894,000$894,000$894,000$894,000
45$987,377$939,995$926,138$1,038,712
46$1,058,811$956,777$927,886$1,090,690
47$1,136,610$973,459$928,770$1,144,187
48$1,221,393$990,007$928,732$1,201,912
49$1,313,842$1,006,384$927,712$1,264,281
50$1,414,709$1,022,552$925,645$1,331,751
51$1,524,821$1,038,468$922,465$1,404,826
52$1,645,086$1,054,087$918,102$1,484,062
53$1,776,508$1,069,361$912,482$1,570,073
54$1,920,190$1,084,237$905,527$1,663,535
55$2,077,344$1,098,660$897,158$1,765,195
56$2,249,310$1,112,571$887,289$1,875,876
57$2,437,558$1,125,905$875,832$1,996,486
58$2,643,710$1,138,596$862,693$2,128,024
59$2,869,552$1,150,570$847,777$2,271,596
60$3,117,049$1,161,751$830,980$2,428,419
61$3,388,368$1,172,057$812,198$2,599,835
62$3,685,892$1,181,398$791,317$2,787,325
63$4,012,249$1,189,683$768,222$2,992,522
64$4,370,332$1,196,811$742,791$3,217,226
65$4,763,328$1,202,676$714,897$3,463,425
66$5,194,746$1,207,166$684,405$3,733,306
67$5,668,455$1,210,162$651,177$4,029,286
68$6,188,713$1,211,535$615,067$4,354,027
69$6,760,212$1,211,151$575,922$4,710,465
70$7,388,123$1,208,867$533,584$5,101,838
71$8,078,139$1,204,528$487,887$5,531,716
72$8,836,533$1,197,975$438,656$6,004,036
73$9,670,219$1,189,035$385,710$6,523,139
74$10,586,810$1,177,526$328,860$7,093,809
75$11,594,695$1,163,256$267,907$7,721,324
76$12,703,118$1,146,019$202,646$8,411,502
77$13,922,261$1,125,599$132,860$9,170,756
78$15,263,345$1,101,767$58,323$10,006,160
79$16,738,731$1,074,278$0$10,925,510
80$18,362,040$1,042,876$0$11,942,383
81$20,148,279$1,007,289$0$13,076,210
82$22,113,984$967,226$0$14,323,792
83$24,277,375$922,384$0$15,696,712
84$26,658,525$872,439$0$17,207,731
85$29,279,556$817,050$0$18,870,916
86$32,164,841$755,856$0$20,701,769
87$35,341,236$688,474$0$22,717,375
88$38,838,335$614,502$0$24,936,564
89$42,688,744$533,512$0$27,380,088
90$46,928,396$445,053$0$30,070,816
91$51,596,882$348,651$0$33,033,956
92$56,737,830$243,801$0$36,297,284
93$62,399,314$129,972$0$39,891,417
94$68,634,307$6,604$0$43,850,094
95$75,501,183$0$0$48,210,501
96$83,064,265$0$0$53,041,546
97$91,394,433$0$0$58,364,287
98$100,569,793$0$0$64,227,192
99$110,676,414$0$0$70,685,270
100$121,809,137$0$0$77,799,139