Can I retire at age 45 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$73,991$73,332$72,689$72,061$71,448$71,087
2 years$36,629$35,947$35,286$34,645$34,023$33,659
3 years$24,177$23,492$22,832$22,197$21,586$21,229
4 years$17,952$17,269$16,616$15,992$15,395$15,049
5 years$14,218$13,539$12,895$12,283$11,703$11,369
6 years$11,729$11,056$10,421$9,823$9,260$8,939
7 years$9,953$9,285$8,660$8,076$7,531$7,222
8 years$8,621$7,959$7,344$6,775$6,248$5,951
9 years$7,585$6,929$6,326$5,771$5,261$4,977
10 years$6,757$6,108$5,515$4,974$4,483$4,210
11 years$6,080$5,437$4,855$4,329$3,856$3,595
12 years$5,517$4,880$4,309$3,797$3,341$3,092
13 years$5,040$4,410$3,850$3,352$2,914$2,676
14 years$4,632$4,009$3,459$2,976$2,554$2,328
15 years$4,279$3,662$3,123$2,654$2,249$2,033
16 years$3,970$3,360$2,831$2,376$1,987$1,783
17 years$3,697$3,094$2,576$2,135$1,762$1,568
18 years$3,456$2,859$2,352$1,924$1,567$1,382
19 years$3,239$2,650$2,153$1,739$1,397$1,222
20 years$3,045$2,463$1,976$1,575$1,247$1,082
21 years$2,870$2,294$1,818$1,429$1,116$960
22 years$2,710$2,141$1,675$1,299$1,001$853
23 years$2,565$2,003$1,547$1,183$898$759
24 years$2,432$1,876$1,430$1,079$807$676
25 years$2,310$1,761$1,325$986$726$603
26 years$2,197$1,655$1,229$901$654$538
27 years$2,093$1,557$1,141$825$590$480
28 years$1,997$1,468$1,061$756$532$429
29 years$1,907$1,384$987$693$481$384
30 years$1,824$1,308$919$636$434$344
31 years$1,746$1,236$857$584$393$308
32 years$1,673$1,170$800$537$355$276
33 years$1,605$1,108$747$494$321$247
34 years$1,540$1,050$698$454$291$221
35 years$1,480$996$652$418$264$199
36 years$1,423$945$610$385$239$178
37 years$1,369$898$571$355$216$160
38 years$1,319$853$535$327$196$143
39 years$1,271$811$501$302$178$129
40 years$1,225$772$470$278$161$116
41 years$1,182$735$440$257$146$104
42 years$1,141$700$413$237$133$93
43 years$1,102$667$388$219$121$84
44 years$1,065$635$364$202$109$75
45 years$1,029$606$342$186$99$68
46 years$995$578$321$172$90$61
47 years$963$552$301$159$82$55
48 years$932$527$283$147$74$49
49 years$903$503$266$136$68$44
50 years$875$480$250$126$61$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $896,000, adding $2,547 every year, while hoping to spend $54,098 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: 46/41/13 Blend
44$896,000$896,000$896,000$896,000
45$990,019$942,531$928,643$1,031,814
46$1,033,441$931,155$902,193$1,049,675
47$1,079,479$917,409$873,043$1,063,313
48$1,128,343$901,119$841,047$1,076,911
49$1,180,262$882,101$806,050$1,090,486
50$1,235,486$860,162$767,890$1,104,060
51$1,294,291$835,095$726,400$1,117,660
52$1,356,976$806,682$681,402$1,131,322
53$1,423,871$774,694$632,712$1,145,089
54$1,495,337$738,885$580,139$1,159,012
55$1,571,769$698,997$523,481$1,173,156
56$1,653,600$654,759$462,528$1,187,592
57$1,741,305$605,880$397,061$1,202,410
58$1,835,406$552,056$326,850$1,217,711
59$1,936,474$492,963$251,657$1,233,615
60$2,045,138$428,262$171,231$1,250,260
61$2,162,087$357,592$85,312$1,267,805
62$2,288,077$280,571$0$1,286,434
63$2,423,941$196,798$0$1,307,242
64$2,570,590$105,849$0$1,342,272
65$2,729,029$7,274$0$1,379,992
66$2,900,360$0$0$1,420,758
67$3,085,796$0$0$1,509,815
68$3,286,668$0$0$1,609,927
69$3,504,442$0$0$1,718,552
70$3,740,729$0$0$1,836,506
71$3,997,301$0$0$1,964,685
72$4,276,106$0$0$2,104,076
73$4,579,288$0$0$2,255,762
74$4,909,206$0$0$2,420,939
75$5,268,454$0$0$2,600,919
76$5,659,889$0$0$2,797,147
77$6,086,653$0$0$3,011,215
78$6,552,204$0$0$3,244,874
79$7,060,350$0$0$3,500,052
80$7,615,282$0$0$3,778,870
81$8,221,612$0$0$4,083,665
82$8,884,419$0$0$4,417,008
83$9,609,295$0$0$4,781,731
84$10,402,396$0$0$5,180,954
85$11,270,502$0$0$5,618,109
86$12,221,077$0$0$6,096,977
87$13,262,341$0$0$6,621,724
88$14,403,348$0$0$7,196,934
89$15,654,067$0$0$7,827,660
90$17,025,480$0$0$8,519,464
91$18,529,679$0$0$9,278,473
92$20,179,986$0$0$10,111,437
93$21,991,074$0$0$11,025,791
94$23,979,103$0$0$12,029,722
95$26,161,877$0$0$13,132,252
96$28,559,006$0$0$14,343,318
97$31,192,094$0$0$15,673,868
98$34,084,939$0$0$17,135,961
99$37,263,759$0$0$18,742,884
100$40,757,436$0$0$20,509,272