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%14.4%
1 years$70,688$70,058$69,444$68,844$68,259$67,018
2 years$34,994$34,342$33,711$33,098$32,504$31,258
3 years$23,098$22,443$21,813$21,206$20,622$19,410
4 years$17,151$16,498$15,874$15,278$14,708$13,539
5 years$13,583$12,935$12,319$11,735$11,181$10,059
6 years$11,206$10,562$9,956$9,385$8,847$7,773
7 years$9,508$8,870$8,273$7,716$7,195$6,169
8 years$8,236$7,603$7,016$6,472$5,969$4,991
9 years$7,247$6,620$6,043$5,513$5,027$4,096
10 years$6,456$5,835$5,269$4,752$4,283$3,399
11 years$5,809$5,195$4,638$4,136$3,683$2,845
12 years$5,270$4,663$4,116$3,628$3,192$2,398
13 years$4,815$4,214$3,678$3,203$2,783$2,032
14 years$4,425$3,830$3,304$2,843$2,440$1,731
15 years$4,088$3,499$2,983$2,535$2,148$1,479
16 years$3,792$3,210$2,705$2,270$1,899$1,269
17 years$3,532$2,956$2,461$2,040$1,684$1,091
18 years$3,301$2,732$2,247$1,838$1,497$940
19 years$3,095$2,532$2,057$1,661$1,334$812
20 years$2,909$2,353$1,888$1,504$1,192$702
21 years$2,742$2,191$1,736$1,365$1,066$608
22 years$2,589$2,046$1,600$1,241$956$528
23 years$2,451$1,913$1,478$1,131$858$458
24 years$2,324$1,793$1,367$1,031$771$398
25 years$2,207$1,682$1,266$942$694$346
26 years$2,099$1,581$1,174$861$625$301
27 years$2,000$1,488$1,090$788$564$262
28 years$1,908$1,402$1,013$722$509$228
29 years$1,822$1,323$943$662$459$199
30 years$1,742$1,249$878$608$415$174
31 years$1,668$1,181$819$558$375$151
32 years$1,598$1,117$764$513$339$132
33 years$1,533$1,058$713$472$307$115
34 years$1,472$1,003$667$434$278$101
35 years$1,414$951$623$400$252$88
36 years$1,360$903$583$368$228$77
37 years$1,308$857$546$339$207$67
38 years$1,260$815$511$312$188$58
39 years$1,214$775$479$288$170$51
40 years$1,170$737$449$266$154$45
41 years$1,129$702$421$245$140$39
42 years$1,090$668$395$226$127$34
43 years$1,053$637$370$209$115$30
44 years$1,017$607$348$193$105$26
45 years$983$579$326$178$95$23
46 years$951$552$307$165$86$20
47 years$920$527$288$152$78$17
48 years$891$503$271$140$71$15
49 years$863$480$254$130$65$13
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 $2,156 every year, while hoping to spend $44,258 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: 37/46/17 Blend
44$856,000$856,000$856,000$856,000
45$945,536$900,168$886,900$975,577
46$994,890$897,186$869,521$994,462
47$1,047,796$892,575$850,076$1,010,490
48$1,104,567$886,207$828,450$1,026,867
49$1,165,551$877,949$804,522$1,043,648
50$1,231,128$867,659$778,163$1,060,897
51$1,301,714$855,185$749,243$1,078,688
52$1,377,767$840,368$717,621$1,097,107
53$1,459,792$823,038$683,153$1,116,251
54$1,548,339$803,016$645,688$1,136,233
55$1,644,018$780,112$605,067$1,157,181
56$1,747,495$754,125$561,123$1,179,242
57$1,859,504$724,841$513,685$1,202,581
58$1,980,851$692,036$462,572$1,227,386
59$2,112,424$655,472$407,594$1,253,873
60$2,255,197$614,896$348,554$1,282,281
61$2,410,243$570,042$285,246$1,312,884
62$2,578,741$520,628$217,456$1,345,989
63$2,761,991$466,356$144,959$1,381,942
64$2,961,418$406,912$67,519$1,421,132
65$3,178,595$341,963$0$1,463,997
66$3,415,250$271,157$0$1,513,771
67$3,673,285$194,124$0$1,581,508
68$3,954,795$110,471$0$1,655,613
69$4,262,084$19,784$0$1,736,825
70$4,597,690$0$0$1,825,967
71$4,964,405$0$0$1,963,628
72$5,365,304$0$0$2,125,183
73$5,803,772$0$0$2,301,997
74$6,283,538$0$0$2,495,586
75$6,808,704$0$0$2,707,624
76$7,383,791$0$0$2,939,951
77$8,013,776$0$0$3,194,593
78$8,704,139$0$0$3,473,784
79$9,460,918$0$0$3,779,983
80$10,290,760$0$0$4,115,898
81$11,200,989$0$0$4,484,513
82$12,199,669$0$0$4,889,113
83$13,295,683$0$0$5,333,319
84$14,498,819$0$0$5,821,118
85$15,819,853$0$0$6,356,902
86$17,270,661$0$0$6,945,510
87$18,864,323$0$0$7,592,272
88$20,615,248$0$0$8,303,061
89$22,539,311$0$0$9,084,346
90$24,653,999$0$0$9,943,255
91$26,978,579$0$0$10,887,641
92$29,534,277$0$0$11,926,154
93$32,344,479$0$0$13,068,327
94$35,434,949$0$0$14,324,661
95$38,834,074$0$0$15,706,727
96$42,573,129$0$0$17,227,274
97$46,686,575$0$0$18,900,348
98$51,212,378$0$0$20,741,427
99$56,192,372$0$0$22,767,563
100$61,672,650$0$0$24,997,545