Can I retire at age 45 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$70,688$70,058$69,444$68,844$68,259$67,045
2 years$34,994$34,342$33,711$33,098$32,504$31,286
3 years$23,098$22,443$21,813$21,206$20,622$19,436
4 years$17,151$16,498$15,874$15,278$14,708$13,564
5 years$13,583$12,935$12,319$11,735$11,181$10,083
6 years$11,206$10,562$9,956$9,385$8,847$7,796
7 years$9,508$8,870$8,273$7,716$7,195$6,191
8 years$8,236$7,603$7,016$6,472$5,969$5,011
9 years$7,247$6,620$6,043$5,513$5,027$4,115
10 years$6,456$5,835$5,269$4,752$4,283$3,417
11 years$5,809$5,195$4,638$4,136$3,683$2,862
12 years$5,270$4,663$4,116$3,628$3,192$2,414
13 years$4,815$4,214$3,678$3,203$2,783$2,047
14 years$4,425$3,830$3,304$2,843$2,440$1,744
15 years$4,088$3,499$2,983$2,535$2,148$1,492
16 years$3,792$3,210$2,705$2,270$1,899$1,281
17 years$3,532$2,956$2,461$2,040$1,684$1,102
18 years$3,301$2,732$2,247$1,838$1,497$950
19 years$3,095$2,532$2,057$1,661$1,334$821
20 years$2,909$2,353$1,888$1,504$1,192$711
21 years$2,742$2,191$1,736$1,365$1,066$616
22 years$2,589$2,046$1,600$1,241$956$535
23 years$2,451$1,913$1,478$1,131$858$465
24 years$2,324$1,793$1,367$1,031$771$404
25 years$2,207$1,682$1,266$942$694$352
26 years$2,099$1,581$1,174$861$625$306
27 years$2,000$1,488$1,090$788$564$267
28 years$1,908$1,402$1,013$722$509$233
29 years$1,822$1,323$943$662$459$203
30 years$1,742$1,249$878$608$415$177
31 years$1,668$1,181$819$558$375$155
32 years$1,598$1,117$764$513$339$135
33 years$1,533$1,058$713$472$307$118
34 years$1,472$1,003$667$434$278$103
35 years$1,414$951$623$400$252$90
36 years$1,360$903$583$368$228$79
37 years$1,308$857$546$339$207$69
38 years$1,260$815$511$312$188$60
39 years$1,214$775$479$288$170$53
40 years$1,170$737$449$266$154$46
41 years$1,129$702$421$245$140$40
42 years$1,090$668$395$226$127$35
43 years$1,053$637$370$209$115$31
44 years$1,017$607$348$193$105$27
45 years$983$579$326$178$95$23
46 years$951$552$307$165$86$21
47 years$920$527$288$152$78$18
48 years$891$503$271$140$71$16
49 years$863$480$254$130$65$14
50 years$836$459$239$120$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $856,000, adding $2,032 every year, while hoping to spend $37,224 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: 35/49/16 Blend
44$856,000$856,000$856,000$856,000
45$945,408$900,040$886,772$973,774
46$1,002,234$904,536$876,873$999,079
47$1,063,608$908,005$865,394$1,022,717
48$1,129,955$910,356$852,245$1,047,425
49$1,201,743$911,496$837,327$1,073,319
50$1,279,483$911,322$820,540$1,100,527
51$1,363,741$909,727$801,779$1,129,195
52$1,455,136$906,597$780,932$1,159,485
53$1,554,351$901,811$757,884$1,191,579
54$1,662,135$895,241$732,514$1,225,680
55$1,779,315$886,749$704,695$1,262,015
56$1,906,798$876,193$674,294$1,300,839
57$2,045,582$863,417$641,175$1,342,436
58$2,196,768$848,261$605,190$1,387,122
59$2,361,565$830,553$566,191$1,435,250
60$2,541,304$810,109$524,017$1,487,215
61$2,737,450$786,737$478,505$1,543,455
62$2,951,617$760,234$429,482$1,604,459
63$3,185,579$730,383$376,767$1,670,771
64$3,441,292$696,956$320,173$1,742,996
65$3,720,907$659,710$259,502$1,821,809
66$4,026,794$618,391$194,550$1,907,956
67$4,361,562$572,726$125,102$2,002,271
68$4,728,083$522,432$50,934$2,105,678
69$5,129,521$467,204$0$2,219,203
70$5,569,360$406,725$0$2,348,801
71$6,051,436$340,656$0$2,500,514
72$6,579,974$268,640$0$2,667,083
73$7,159,630$190,301$0$2,850,109
74$7,795,528$105,242$0$3,051,364
75$8,493,314$13,041$0$3,272,810
76$9,259,208$0$0$3,516,618
77$10,100,059$0$0$3,831,959
78$11,023,415$0$0$4,186,093
79$12,037,587$0$0$4,575,191
80$13,151,732$0$0$5,002,785
81$14,375,940$0$0$5,472,761
82$15,721,322$0$0$5,989,406
83$17,200,123$0$0$6,557,439
84$18,825,832$0$0$7,182,060
85$20,613,308$0$0$7,869,000
86$22,578,926$0$0$8,624,569
87$24,740,722$0$0$9,455,724
88$27,118,573$0$0$10,370,128
89$29,734,374$0$0$11,376,223
90$32,612,253$0$0$12,483,313
91$35,778,793$0$0$13,701,647
92$39,263,282$0$0$15,042,520
93$43,097,993$0$0$16,518,377
94$47,318,485$0$0$18,142,928
95$51,963,939$0$0$19,931,284
96$57,077,527$0$0$21,900,092
97$62,706,819$0$0$24,067,696
98$68,904,231$0$0$26,454,311
99$75,727,521$0$0$29,082,209
100$83,240,331$0$0$31,975,934