Can I retire at age 45 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$70,770$70,140$69,525$68,925$68,338$67,068
2 years$35,035$34,382$33,750$33,137$32,542$31,267
3 years$23,125$22,469$21,838$21,231$20,646$19,406
4 years$17,171$16,517$15,893$15,296$14,725$13,530
5 years$13,599$12,950$12,333$11,749$11,194$10,046
6 years$11,219$10,574$9,967$9,395$8,857$7,759
7 years$9,519$8,880$8,283$7,725$7,203$6,155
8 years$8,245$7,612$7,025$6,480$5,976$4,976
9 years$7,255$6,628$6,050$5,519$5,032$4,082
10 years$6,463$5,842$5,275$4,758$4,288$3,385
11 years$5,816$5,201$4,644$4,141$3,688$2,831
12 years$5,277$4,668$4,121$3,632$3,196$2,385
13 years$4,821$4,218$3,682$3,206$2,787$2,020
14 years$4,430$3,834$3,308$2,846$2,443$1,719
15 years$4,092$3,503$2,987$2,538$2,151$1,469
16 years$3,797$3,214$2,708$2,273$1,901$1,258
17 years$3,536$2,960$2,464$2,042$1,686$1,081
18 years$3,305$2,735$2,250$1,840$1,499$931
19 years$3,098$2,535$2,059$1,663$1,336$804
20 years$2,913$2,355$1,890$1,506$1,193$695
21 years$2,745$2,194$1,738$1,367$1,068$601
22 years$2,592$2,048$1,602$1,243$957$521
23 years$2,453$1,915$1,479$1,132$859$452
24 years$2,326$1,795$1,368$1,032$772$392
25 years$2,209$1,684$1,267$943$695$341
26 years$2,102$1,583$1,175$862$626$296
27 years$2,002$1,490$1,091$789$564$258
28 years$1,910$1,404$1,015$723$509$225
29 years$1,824$1,324$944$663$460$196
30 years$1,744$1,251$879$608$415$170
31 years$1,670$1,182$820$559$376$148
32 years$1,600$1,119$765$514$340$129
33 years$1,535$1,059$714$472$307$113
34 years$1,473$1,004$667$435$278$98
35 years$1,416$952$624$400$252$86
36 years$1,361$904$584$368$228$75
37 years$1,310$858$546$339$207$65
38 years$1,261$816$512$313$188$57
39 years$1,215$776$479$288$170$50
40 years$1,172$738$449$266$154$43
41 years$1,130$703$421$245$140$38
42 years$1,091$669$395$227$127$33
43 years$1,054$638$371$209$115$29
44 years$1,018$608$348$193$105$25
45 years$984$580$327$178$95$22
46 years$952$553$307$165$86$19
47 years$921$528$288$152$78$17
48 years$892$504$271$141$71$15
49 years$864$481$255$130$65$13
50 years$837$459$239$120$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $857,000, adding $5,383 every year, while hoping to spend $59,847 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: 34/40/26 Blend
44$857,000$857,000$857,000$857,000
45$949,967$904,546$891,262$974,622
46$983,186$885,192$857,443$974,221
47$1,017,789$862,883$820,484$968,021
48$1,053,852$837,413$780,219$960,156
49$1,091,459$808,561$736,471$950,519
50$1,130,701$776,093$689,055$938,996
51$1,171,674$739,764$637,781$925,470
52$1,214,485$699,312$582,446$909,815
53$1,259,246$654,462$522,842$891,903
54$1,306,081$604,922$458,749$871,599
55$1,355,122$550,384$389,938$848,761
56$1,406,514$490,523$316,170$823,243
57$1,460,412$424,992$237,196$794,893
58$1,516,987$353,430$152,755$763,550
59$1,576,422$275,450$62,575$729,050
60$1,638,918$190,648$0$691,222
61$1,704,692$98,594$0$659,225
62$1,773,981$0$0$642,671
63$1,847,043$0$0$624,588
64$1,924,159$0$0$651,357
65$2,005,635$0$0$679,692
66$2,091,806$0$0$709,718
67$2,183,037$0$0$741,568
68$2,279,726$0$0$775,390
69$2,382,309$0$0$811,344
70$2,491,262$0$0$849,607
71$2,607,106$0$0$890,371
72$2,730,411$0$0$933,847
73$2,861,800$0$0$980,267
74$3,001,957$0$0$1,029,883
75$3,151,630$0$0$1,082,973
76$3,311,639$0$0$1,139,842
77$3,482,883$0$0$1,200,824
78$3,666,348$0$0$1,266,284
79$3,863,114$0$0$1,336,625
80$4,074,369$0$0$1,412,287
81$4,301,415$0$0$1,493,756
82$4,545,680$0$0$1,581,564
83$4,808,734$0$0$1,676,294
84$5,092,301$0$0$1,778,589
85$5,398,273$0$0$1,889,155
86$5,728,731$0$0$2,008,767
87$6,085,960$0$0$2,138,277
88$6,472,473$0$0$2,278,622
89$6,891,031$0$0$2,430,833
90$7,344,671$0$0$2,596,043
91$7,836,731$0$0$2,775,499
92$8,370,883$0$0$2,970,570
93$8,951,164$0$0$3,182,767
94$9,582,017$0$0$3,413,746
95$10,268,329$0$0$3,665,336
96$11,015,477$0$0$3,939,544
97$11,829,376$0$0$4,238,582
98$12,716,539$0$0$4,564,884
99$13,684,130$0$0$4,921,129
100$14,740,036$0$0$5,310,266