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%13.1%
1 years$70,688$70,058$69,444$68,844$68,259$67,378
2 years$34,994$34,342$33,711$33,098$32,504$31,618
3 years$23,098$22,443$21,813$21,206$20,622$19,758
4 years$17,151$16,498$15,874$15,278$14,708$13,873
5 years$13,583$12,935$12,319$11,735$11,181$10,377
6 years$11,206$10,562$9,956$9,385$8,847$8,075
7 years$9,508$8,870$8,273$7,716$7,195$6,456
8 years$8,236$7,603$7,016$6,472$5,969$5,262
9 years$7,247$6,620$6,043$5,513$5,027$4,352
10 years$6,456$5,835$5,269$4,752$4,283$3,640
11 years$5,809$5,195$4,638$4,136$3,683$3,072
12 years$5,270$4,663$4,116$3,628$3,192$2,611
13 years$4,815$4,214$3,678$3,203$2,783$2,232
14 years$4,425$3,830$3,304$2,843$2,440$1,917
15 years$4,088$3,499$2,983$2,535$2,148$1,654
16 years$3,792$3,210$2,705$2,270$1,899$1,431
17 years$3,532$2,956$2,461$2,040$1,684$1,242
18 years$3,301$2,732$2,247$1,838$1,497$1,080
19 years$3,095$2,532$2,057$1,661$1,334$942
20 years$2,909$2,353$1,888$1,504$1,192$823
21 years$2,742$2,191$1,736$1,365$1,066$720
22 years$2,589$2,046$1,600$1,241$956$630
23 years$2,451$1,913$1,478$1,131$858$553
24 years$2,324$1,793$1,367$1,031$771$485
25 years$2,207$1,682$1,266$942$694$426
26 years$2,099$1,581$1,174$861$625$375
27 years$2,000$1,488$1,090$788$564$330
28 years$1,908$1,402$1,013$722$509$290
29 years$1,822$1,323$943$662$459$256
30 years$1,742$1,249$878$608$415$225
31 years$1,668$1,181$819$558$375$199
32 years$1,598$1,117$764$513$339$175
33 years$1,533$1,058$713$472$307$155
34 years$1,472$1,003$667$434$278$136
35 years$1,414$951$623$400$252$120
36 years$1,360$903$583$368$228$106
37 years$1,308$857$546$339$207$94
38 years$1,260$815$511$312$188$83
39 years$1,214$775$479$288$170$73
40 years$1,170$737$449$266$154$65
41 years$1,129$702$421$245$140$57
42 years$1,090$668$395$226$127$50
43 years$1,053$637$370$209$115$45
44 years$1,017$607$348$193$105$39
45 years$983$579$326$178$95$35
46 years$951$552$307$165$86$31
47 years$920$527$288$152$78$27
48 years$891$503$271$140$71$24
49 years$863$480$254$130$65$21
50 years$836$459$239$120$59$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $856,000, adding $5,345 every year, while hoping to spend $56,900 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: 76/13/11 Blend
44$856,000$856,000$856,000$856,000
45$948,825$903,457$890,189$1,018,583
46$985,064$887,186$859,470$1,049,007
47$1,023,093$868,210$825,814$1,074,610
48$1,063,033$846,336$789,063$1,101,072
49$1,105,018$821,363$749,052$1,128,459
50$1,149,192$793,072$705,608$1,156,842
51$1,195,714$761,236$658,550$1,186,302
52$1,244,753$725,613$607,688$1,216,929
53$1,296,498$685,948$552,825$1,248,821
54$1,351,150$641,970$493,755$1,282,088
55$1,408,934$593,392$430,262$1,316,855
56$1,470,090$539,914$362,121$1,353,255
57$1,534,884$481,214$289,096$1,391,443
58$1,603,604$416,956$210,943$1,431,584
59$1,676,567$346,782$127,405$1,473,868
60$1,754,118$270,315$38,214$1,518,501
61$1,836,636$187,158$0$1,565,715
62$1,924,533$96,889$0$1,622,452
63$2,018,264$0$0$1,687,531
64$2,118,324$0$0$1,756,948
65$2,225,258$0$0$1,845,966
66$2,339,661$0$0$1,941,222
67$2,462,187$0$0$2,043,264
68$2,593,553$0$0$2,152,691
69$2,734,545$0$0$2,270,162
70$2,886,027$0$0$2,396,398
71$3,048,945$0$0$2,532,193
72$3,224,340$0$0$2,678,418
73$3,413,354$0$0$2,836,027
74$3,617,242$0$0$3,006,071
75$3,837,382$0$0$3,189,704
76$4,075,288$0$0$3,388,193
77$4,332,625$0$0$3,602,933
78$4,611,223$0$0$3,835,453
79$4,913,092$0$0$4,087,439
80$5,240,446$0$0$4,360,742
81$5,595,715$0$0$4,657,398
82$5,981,576$0$0$4,979,646
83$6,400,969$0$0$5,329,950
84$6,857,133$0$0$5,711,021
85$7,353,629$0$0$6,125,839
86$7,894,374$0$0$6,577,685
87$8,483,682$0$0$7,070,171
88$9,126,298$0$0$7,607,270
89$9,827,445$0$0$8,193,355
90$10,592,873$0$0$8,833,240
91$11,428,909$0$0$9,532,224
92$12,342,522$0$0$10,296,142
93$13,341,380$0$0$11,131,415
94$14,433,930$0$0$12,045,116
95$15,629,469$0$0$13,045,031
96$16,938,236$0$0$14,139,734
97$18,371,507$0$0$15,338,666
98$19,941,696$0$0$16,652,224
99$21,662,479$0$0$18,091,859
100$23,548,912$0$0$19,670,182