Can I retire at age 45 with 861,000?

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 $861,000?

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$71,101$70,467$69,849$69,246$68,657$67,409
2 years$35,198$34,543$33,907$33,291$32,694$31,441
3 years$23,232$22,574$21,940$21,330$20,742$19,523
4 years$17,251$16,594$15,967$15,367$14,794$13,618
5 years$13,663$13,010$12,391$11,803$11,246$10,117
6 years$11,271$10,624$10,014$9,439$8,898$7,818
7 years$9,564$8,922$8,322$7,761$7,237$6,205
8 years$8,284$7,648$7,057$6,510$6,004$5,020
9 years$7,289$6,659$6,078$5,545$5,056$4,120
10 years$6,493$5,869$5,299$4,780$4,308$3,419
11 years$5,843$5,225$4,665$4,160$3,705$2,862
12 years$5,301$4,690$4,140$3,649$3,211$2,412
13 years$4,843$4,238$3,699$3,221$2,800$2,044
14 years$4,451$3,852$3,324$2,860$2,454$1,741
15 years$4,111$3,519$3,001$2,550$2,161$1,488
16 years$3,815$3,229$2,721$2,284$1,910$1,276
17 years$3,553$2,974$2,476$2,052$1,693$1,097
18 years$3,321$2,748$2,260$1,849$1,506$946
19 years$3,113$2,547$2,069$1,671$1,342$817
20 years$2,926$2,366$1,899$1,513$1,199$706
21 years$2,758$2,204$1,747$1,373$1,073$612
22 years$2,605$2,058$1,610$1,249$962$531
23 years$2,465$1,924$1,486$1,137$863$461
24 years$2,337$1,803$1,375$1,037$776$400
25 years$2,220$1,692$1,273$947$698$348
26 years$2,112$1,590$1,181$866$629$303
27 years$2,012$1,497$1,096$793$567$264
28 years$1,919$1,410$1,019$726$512$230
29 years$1,833$1,330$949$666$462$200
30 years$1,753$1,256$884$611$417$175
31 years$1,678$1,188$824$561$377$152
32 years$1,608$1,124$769$516$341$133
33 years$1,542$1,064$718$474$309$116
34 years$1,480$1,009$670$437$280$101
35 years$1,422$957$627$402$253$88
36 years$1,367$908$586$370$230$77
37 years$1,316$862$549$341$208$67
38 years$1,267$820$514$314$189$59
39 years$1,221$779$482$290$171$51
40 years$1,177$742$451$267$155$45
41 years$1,136$706$423$247$141$39
42 years$1,096$672$397$228$128$34
43 years$1,059$641$373$210$116$30
44 years$1,023$611$350$194$105$26
45 years$989$582$328$179$96$23
46 years$957$555$308$165$87$20
47 years$926$530$290$153$79$17
48 years$896$506$272$141$72$15
49 years$868$483$256$131$65$13
50 years$841$462$241$121$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $861,000, adding $2,842 every year, while hoping to spend $44,766 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: 64/28/8 Blend
44$861,000$861,000$861,000$861,000
45$951,754$906,121$892,775$1,010,974
46$1,001,202$902,890$875,052$1,047,564
47$1,054,193$898,000$855,236$1,081,986
48$1,111,042$891,324$833,207$1,118,424
49$1,172,094$882,723$808,845$1,157,073
50$1,237,725$872,055$782,019$1,198,145
51$1,308,353$859,166$752,597$1,241,877
52$1,384,433$843,892$720,436$1,288,533
53$1,466,465$826,064$685,391$1,338,402
54$1,555,001$805,497$647,308$1,391,807
55$1,650,645$782,000$606,027$1,449,105
56$1,754,061$755,368$561,379$1,510,690
57$1,865,979$725,385$513,189$1,577,000
58$1,987,203$691,823$461,274$1,648,519
59$2,118,614$654,439$405,444$1,725,782
60$2,261,184$612,978$345,498$1,809,383
61$2,415,980$567,169$281,227$1,899,978
62$2,584,176$516,727$212,415$1,998,293
63$2,767,064$461,348$138,832$2,105,132
64$2,966,065$400,714$60,243$2,221,384
65$3,182,741$334,487$0$2,348,031
66$3,418,814$262,310$0$2,488,178
67$3,676,176$183,806$0$2,646,629
68$3,956,911$98,578$0$2,819,590
69$4,263,313$6,205$0$3,008,555
70$4,597,907$0$0$3,215,173
71$4,963,470$0$0$3,470,155
72$5,363,063$0$0$3,751,020
73$5,800,054$0$0$4,058,231
74$6,278,152$0$0$4,394,402
75$6,801,440$0$0$4,762,413
76$7,374,416$0$0$5,165,434
77$8,002,030$0$0$5,606,957
78$8,689,738$0$0$6,090,827
79$9,443,544$0$0$6,621,278
80$10,270,062$0$0$7,202,975
81$11,176,579$0$0$7,841,054
82$12,171,118$0$0$8,541,173
83$13,262,518$0$0$9,309,565
84$14,460,514$0$0$10,153,094
85$15,775,830$0$0$11,079,323
86$17,220,279$0$0$12,096,582
87$18,806,874$0$0$13,214,047
88$20,549,951$0$0$14,441,827
89$22,465,302$0$0$15,791,059
90$24,570,325$0$0$17,274,012
91$26,884,188$0$0$18,904,203
92$29,428,008$0$0$20,696,522
93$32,225,048$0$0$22,667,377
94$35,300,941$0$0$24,834,843
95$38,683,926$0$0$27,218,836
96$42,405,119$0$0$29,841,297
97$46,498,799$0$0$32,726,403
98$51,002,737$0$0$35,900,790
99$55,958,551$0$0$39,393,808
100$61,412,094$0$0$43,237,795