Can I retire at age 45 with 862,000?

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 $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%11.7%
1 years$71,183$70,549$69,930$69,327$68,737$68,247
2 years$35,239$34,583$33,947$33,330$32,732$32,237
3 years$23,259$22,600$21,966$21,355$20,766$20,283
4 years$17,271$16,614$15,986$15,385$14,811$14,342
5 years$13,678$13,025$12,405$11,817$11,259$10,807
6 years$11,284$10,636$10,025$9,450$8,909$8,474
7 years$9,575$8,932$8,331$7,770$7,245$6,827
8 years$8,294$7,657$7,065$6,518$6,011$5,610
9 years$7,297$6,666$6,086$5,552$5,062$4,678
10 years$6,501$5,876$5,305$4,786$4,313$3,946
11 years$5,850$5,231$4,671$4,165$3,709$3,359
12 years$5,307$4,695$4,145$3,653$3,214$2,880
13 years$4,849$4,243$3,704$3,225$2,803$2,484
14 years$4,456$3,857$3,328$2,863$2,457$2,154
15 years$4,116$3,523$3,004$2,553$2,163$1,875
16 years$3,819$3,233$2,724$2,286$1,912$1,639
17 years$3,557$2,977$2,479$2,054$1,695$1,436
18 years$3,324$2,751$2,263$1,851$1,507$1,262
19 years$3,117$2,550$2,071$1,673$1,344$1,111
20 years$2,930$2,369$1,901$1,515$1,200$981
21 years$2,761$2,207$1,749$1,375$1,074$867
22 years$2,608$2,060$1,612$1,250$963$767
23 years$2,468$1,927$1,488$1,138$864$680
24 years$2,340$1,805$1,376$1,038$777$603
25 years$2,222$1,694$1,275$948$699$536
26 years$2,114$1,592$1,182$867$630$476
27 years$2,014$1,498$1,098$794$568$424
28 years$1,921$1,412$1,020$727$512$377
29 years$1,835$1,332$950$667$462$336
30 years$1,755$1,258$885$612$418$300
31 years$1,680$1,189$825$562$378$267
32 years$1,609$1,125$769$517$342$238
33 years$1,544$1,066$718$475$309$213
34 years$1,482$1,010$671$437$280$190
35 years$1,424$958$628$402$254$170
36 years$1,369$909$587$371$230$152
37 years$1,317$863$549$341$208$135
38 years$1,269$821$515$315$189$121
39 years$1,222$780$482$290$171$108
40 years$1,178$742$452$268$155$97
41 years$1,137$707$424$247$141$86
42 years$1,097$673$397$228$128$77
43 years$1,060$641$373$210$116$69
44 years$1,024$611$350$194$105$62
45 years$990$583$329$179$96$55
46 years$958$556$309$166$87$49
47 years$927$531$290$153$79$44
48 years$897$507$273$141$72$40
49 years$869$484$256$131$65$35
50 years$842$462$241$121$59$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $862,000, adding $2,988 every year, while hoping to spend $51,870 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: 86/7/7 Blend
44$862,000$862,000$862,000$862,000
45$953,006$907,320$893,959$1,034,193
46$995,023$896,590$868,717$1,076,847
47$1,039,588$883,595$840,892$1,116,278
48$1,086,905$868,170$810,341$1,157,946
49$1,137,199$850,140$776,916$1,202,041
50$1,190,714$829,318$740,464$1,248,771
51$1,247,721$805,508$700,823$1,298,365
52$1,308,511$778,501$657,824$1,351,073
53$1,373,409$748,076$611,290$1,407,173
54$1,442,765$714,001$561,038$1,466,968
55$1,516,969$676,028$506,874$1,530,793
56$1,596,443$633,897$448,597$1,599,017
57$1,681,652$587,330$385,997$1,672,046
58$1,773,108$536,036$318,855$1,750,325
59$1,871,369$479,707$246,942$1,834,346
60$1,977,052$418,016$170,017$1,924,652
61$2,090,831$350,618$87,832$2,021,839
62$2,213,447$277,149$126$2,126,563
63$2,345,714$197,225$0$2,239,549
64$2,488,527$110,440$0$2,368,576
65$2,642,869$16,363$0$2,508,006
66$2,809,820$0$0$2,658,818
67$2,990,567$0$0$2,828,686
68$3,186,416$0$0$3,014,122
69$3,398,803$0$0$3,215,225
70$3,629,305$0$0$3,433,491
71$3,879,658$0$0$3,670,565
72$4,151,773$0$0$3,928,256
73$4,447,750$0$0$4,208,555
74$4,769,900$0$0$4,513,654
75$5,120,766$0$0$4,845,960
76$5,503,148$0$0$5,208,127
77$5,920,124$0$0$5,603,074
78$6,375,085$0$0$6,034,012
79$6,871,762$0$0$6,504,477
80$7,414,262$0$0$7,018,362
81$8,007,107$0$0$7,579,953
82$8,655,275$0$0$8,193,965
83$9,364,247$0$0$8,865,594
84$10,140,056$0$0$9,600,558
85$10,989,349$0$0$10,405,155
86$11,919,443$0$0$11,286,318
87$12,938,395$0$0$12,251,686
88$14,055,080$0$0$13,309,666
89$15,279,272$0$0$14,469,523
90$16,621,734$0$0$15,741,456
91$18,094,323$0$0$17,136,702
92$19,710,097$0$0$18,667,636
93$21,483,439$0$0$20,347,890
94$23,430,194$0$0$22,192,478
95$25,567,815$0$0$24,217,941
96$27,915,526$0$0$26,442,499
97$30,494,508$0$0$28,886,223
98$33,328,091$0$0$31,571,225
99$36,441,979$0$0$34,521,863
100$39,864,488$0$0$37,764,972