Can I retire at age 45 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$71,018$70,385$69,768$69,166$68,578$66,730
2 years$35,157$34,503$33,868$33,253$32,656$30,808
3 years$23,205$22,548$21,915$21,305$20,718$18,928
4 years$17,231$16,575$15,948$15,349$14,776$13,057
5 years$13,647$12,995$12,377$11,790$11,233$9,589
6 years$11,258$10,611$10,002$9,428$8,888$7,321
7 years$9,553$8,911$8,312$7,752$7,228$5,739
8 years$8,274$7,639$7,049$6,503$5,997$4,584
9 years$7,280$6,651$6,071$5,539$5,050$3,713
10 years$6,486$5,862$5,293$4,774$4,303$3,039
11 years$5,836$5,219$4,660$4,155$3,701$2,508
12 years$5,295$4,684$4,136$3,645$3,207$2,084
13 years$4,838$4,233$3,695$3,218$2,796$1,741
14 years$4,446$3,848$3,320$2,856$2,451$1,460
15 years$4,107$3,515$2,997$2,547$2,158$1,229
16 years$3,810$3,225$2,718$2,281$1,908$1,038
17 years$3,549$2,970$2,473$2,049$1,691$878
18 years$3,317$2,745$2,257$1,847$1,504$745
19 years$3,109$2,544$2,067$1,669$1,340$633
20 years$2,923$2,364$1,897$1,511$1,197$538
21 years$2,754$2,202$1,745$1,372$1,071$459
22 years$2,601$2,055$1,608$1,247$960$391
23 years$2,462$1,922$1,485$1,136$862$334
24 years$2,334$1,801$1,373$1,036$775$285
25 years$2,217$1,690$1,272$946$697$243
26 years$2,109$1,588$1,179$865$628$208
27 years$2,009$1,495$1,095$792$566$178
28 years$1,917$1,409$1,018$725$511$152
29 years$1,831$1,329$947$665$461$130
30 years$1,751$1,255$882$611$417$112
31 years$1,676$1,186$823$561$377$96
32 years$1,606$1,123$768$515$341$82
33 years$1,540$1,063$717$474$309$70
34 years$1,479$1,008$670$436$279$60
35 years$1,421$956$626$401$253$52
36 years$1,366$907$586$370$229$44
37 years$1,314$861$548$341$208$38
38 years$1,266$819$513$314$188$32
39 years$1,219$779$481$289$171$28
40 years$1,176$741$451$267$155$24
41 years$1,134$705$423$246$141$20
42 years$1,095$671$397$227$128$18
43 years$1,057$640$372$210$116$15
44 years$1,022$610$349$194$105$13
45 years$988$582$328$179$95$11
46 years$955$555$308$165$87$9
47 years$925$529$289$153$79$8
48 years$895$505$272$141$71$7
49 years$867$483$256$130$65$6
50 years$840$461$240$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $860,000, adding $2,006 every year, while hoping to spend $46,842 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: 57/25/18 Blend
44$860,000$860,000$860,000$860,000
45$949,789$904,209$890,879$999,302
46$996,828$898,676$870,884$1,027,645
47$1,047,095$891,302$848,649$1,053,269
48$1,100,870$881,946$824,050$1,080,141
49$1,158,459$870,463$796,957$1,108,391
50$1,220,200$856,693$767,232$1,138,164
51$1,286,461$840,471$734,735$1,169,621
52$1,357,647$821,621$699,316$1,202,944
53$1,434,203$799,957$660,819$1,238,333
54$1,516,617$775,280$619,082$1,276,014
55$1,605,426$747,383$573,934$1,316,237
56$1,701,217$716,042$525,199$1,359,281
57$1,804,638$681,025$472,691$1,405,456
58$1,916,400$642,085$416,215$1,455,109
59$2,037,284$598,958$355,569$1,508,623
60$2,168,149$551,369$290,542$1,566,427
61$2,309,938$499,024$220,913$1,628,995
62$2,463,690$441,614$146,452$1,696,856
63$2,630,546$378,813$66,918$1,770,596
64$2,811,761$310,274$0$1,850,868
65$3,008,717$235,633$0$1,941,842
66$3,222,932$154,505$0$2,054,813
67$3,456,077$66,483$0$2,177,857
68$3,709,993$0$0$2,312,017
69$3,986,701$0$0$2,466,384
70$4,288,430$0$0$2,654,721
71$4,617,631$0$0$2,860,276
72$4,977,001$0$0$3,084,743
73$5,369,511$0$0$3,329,987
74$5,798,429$0$0$3,598,059
75$6,267,356$0$0$3,891,219
76$6,780,254$0$0$4,211,956
77$7,341,487$0$0$4,563,009
78$7,955,860$0$0$4,947,394
79$8,628,664$0$0$5,368,434
80$9,365,724$0$0$5,829,787
81$10,173,459$0$0$6,335,481
82$11,058,933$0$0$6,889,955
83$12,029,932$0$0$7,498,094
84$13,095,026$0$0$8,165,283
85$14,263,658$0$0$8,897,451
86$15,546,228$0$0$9,701,128
87$16,954,192$0$0$10,583,508
88$18,500,169$0$0$11,552,516
89$20,198,061$0$0$12,616,882
90$22,063,180$0$0$13,786,222
91$24,112,395$0$0$15,071,131
92$26,364,293$0$0$16,483,281
93$28,839,345$0$0$18,035,529
94$31,560,108$0$0$19,742,041
95$34,551,433$0$0$21,618,425
96$37,840,697$0$0$23,681,875
97$41,458,063$0$0$25,951,335
98$45,436,766$0$0$28,447,678
99$49,813,421$0$0$31,193,901
100$54,628,371$0$0$34,215,343