Can I retire at age 45 with 862,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$71,183$70,549$69,930$69,327$68,737$66,404
2 years$35,239$34,583$33,947$33,330$32,732$30,405
3 years$23,259$22,600$21,966$21,355$20,766$18,518
4 years$17,271$16,614$15,986$15,385$14,811$12,659
5 years$13,678$13,025$12,405$11,817$11,259$9,209
6 years$11,284$10,636$10,025$9,450$8,909$6,962
7 years$9,575$8,932$8,331$7,770$7,245$5,402
8 years$8,294$7,657$7,065$6,518$6,011$4,269
9 years$7,297$6,666$6,086$5,552$5,062$3,420
10 years$6,501$5,876$5,305$4,786$4,313$2,768
11 years$5,850$5,231$4,671$4,165$3,709$2,258
12 years$5,307$4,695$4,145$3,653$3,214$1,854
13 years$4,849$4,243$3,704$3,225$2,803$1,530
14 years$4,456$3,857$3,328$2,863$2,457$1,268
15 years$4,116$3,523$3,004$2,553$2,163$1,054
16 years$3,819$3,233$2,724$2,286$1,912$878
17 years$3,557$2,977$2,479$2,054$1,695$733
18 years$3,324$2,751$2,263$1,851$1,507$614
19 years$3,117$2,550$2,071$1,673$1,344$514
20 years$2,930$2,369$1,901$1,515$1,200$432
21 years$2,761$2,207$1,749$1,375$1,074$363
22 years$2,608$2,060$1,612$1,250$963$305
23 years$2,468$1,927$1,488$1,138$864$256
24 years$2,340$1,805$1,376$1,038$777$216
25 years$2,222$1,694$1,275$948$699$182
26 years$2,114$1,592$1,182$867$630$153
27 years$2,014$1,498$1,098$794$568$129
28 years$1,921$1,412$1,020$727$512$109
29 years$1,835$1,332$950$667$462$92
30 years$1,755$1,258$885$612$418$77
31 years$1,680$1,189$825$562$378$65
32 years$1,609$1,125$769$517$342$55
33 years$1,544$1,066$718$475$309$47
34 years$1,482$1,010$671$437$280$39
35 years$1,424$958$628$402$254$33
36 years$1,369$909$587$371$230$28
37 years$1,317$863$549$341$208$24
38 years$1,269$821$515$315$189$20
39 years$1,222$780$482$290$171$17
40 years$1,178$742$452$268$155$14
41 years$1,137$707$424$247$141$12
42 years$1,097$673$397$228$128$10
43 years$1,060$641$373$210$116$9
44 years$1,024$611$350$194$105$7
45 years$990$583$329$179$96$6
46 years$958$556$309$166$87$5
47 years$927$531$290$153$79$4
48 years$897$507$273$141$72$4
49 years$869$484$256$131$65$3
50 years$842$462$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $862,000, adding $4,390 every year, while hoping to spend $56,407 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: 65/14/21 Blend
44$862,000$862,000$862,000$862,000
45$954,452$908,766$895,405$1,011,107
46$991,790$893,279$865,385$1,034,238
47$1,031,045$875,143$832,468$1,052,701
48$1,072,355$854,168$796,498$1,071,560
49$1,115,866$830,153$757,312$1,090,857
50$1,161,741$802,887$714,739$1,110,639
51$1,210,155$772,145$668,599$1,130,961
52$1,261,299$737,688$618,705$1,151,884
53$1,315,383$699,266$564,863$1,173,478
54$1,372,634$656,613$506,869$1,195,825
55$1,433,303$609,447$444,509$1,219,015
56$1,497,660$557,470$377,560$1,243,151
57$1,566,004$500,368$305,791$1,268,350
58$1,638,659$437,809$228,958$1,294,743
59$1,715,983$369,442$146,808$1,322,480
60$1,798,364$294,896$59,077$1,351,728
61$1,886,230$213,779$0$1,382,676
62$1,980,047$125,676$0$1,423,275
63$2,080,329$30,151$0$1,480,653
64$2,187,637$0$0$1,541,893
65$2,302,586$0$0$1,618,649
66$2,425,851$0$0$1,705,977
67$2,558,175$0$0$1,799,763
68$2,700,370$0$0$1,900,588
69$2,853,328$0$0$2,009,091
70$3,018,029$0$0$2,125,972
71$3,195,551$0$0$2,252,002
72$3,387,075$0$0$2,388,026
73$3,593,900$0$0$2,534,973
74$3,817,453$0$0$2,693,866
75$4,059,304$0$0$2,865,825
76$4,321,176$0$0$3,052,086
77$4,604,966$0$0$3,254,004
78$4,912,757$0$0$3,473,073
79$5,246,843$0$0$3,710,931
80$5,609,745$0$0$3,969,385
81$6,004,236$0$0$4,250,420
82$6,433,367$0$0$4,556,219
83$6,900,496$0$0$4,889,185
84$7,409,316$0$0$5,251,963
85$7,963,893$0$0$5,647,463
86$8,568,699$0$0$6,078,888
87$9,228,659$0$0$6,549,763
88$9,949,192$0$0$7,063,968
89$10,736,265$0$0$7,625,776
90$11,596,445$0$0$8,239,887
91$12,536,964$0$0$8,911,482
92$13,565,783$0$0$9,646,259
93$14,691,667$0$0$10,450,496
94$15,924,271$0$0$11,331,106
95$17,274,222$0$0$12,295,700
96$18,753,228$0$0$13,352,660
97$20,374,178$0$0$14,511,218
98$22,151,272$0$0$15,781,542
99$24,100,145$0$0$17,174,829
100$26,238,020$0$0$18,703,414