Can I retire at age 45 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$71,513$70,876$70,255$69,648$69,056$67,061
2 years$35,403$34,743$34,104$33,485$32,884$30,889
3 years$23,367$22,705$22,068$21,454$20,863$18,932
4 years$17,351$16,691$16,060$15,456$14,880$13,027
5 years$13,742$13,086$12,463$11,872$11,311$9,542
6 years$11,337$10,685$10,072$9,494$8,950$7,265
7 years$9,619$8,974$8,370$7,806$7,279$5,679
8 years$8,332$7,692$7,098$6,548$6,039$4,523
9 years$7,331$6,697$6,114$5,577$5,085$3,652
10 years$6,531$5,903$5,330$4,808$4,333$2,980
11 years$5,877$5,255$4,693$4,184$3,726$2,452
12 years$5,332$4,717$4,165$3,670$3,229$2,030
13 years$4,871$4,263$3,721$3,240$2,816$1,690
14 years$4,477$3,875$3,343$2,876$2,468$1,413
15 years$4,135$3,540$3,018$2,565$2,173$1,185
16 years$3,837$3,248$2,737$2,297$1,921$997
17 years$3,574$2,991$2,490$2,064$1,703$841
18 years$3,340$2,764$2,273$1,860$1,514$710
19 years$3,131$2,561$2,081$1,680$1,350$601
20 years$2,943$2,380$1,910$1,522$1,206$510
21 years$2,774$2,217$1,757$1,381$1,079$432
22 years$2,620$2,070$1,619$1,256$967$367
23 years$2,479$1,936$1,495$1,144$868$312
24 years$2,351$1,814$1,383$1,043$780$265
25 years$2,233$1,702$1,281$953$702$226
26 years$2,124$1,599$1,188$871$632$192
27 years$2,023$1,505$1,103$797$570$164
28 years$1,930$1,418$1,025$731$515$140
29 years$1,843$1,338$954$670$465$119
30 years$1,763$1,264$889$615$420$102
31 years$1,687$1,195$828$565$380$87
32 years$1,617$1,130$773$519$343$74
33 years$1,551$1,070$722$477$311$63
34 years$1,489$1,015$674$439$281$54
35 years$1,430$962$630$404$255$46
36 years$1,375$913$590$372$231$39
37 years$1,323$867$552$343$209$33
38 years$1,274$824$517$316$190$29
39 years$1,228$784$484$291$172$24
40 years$1,184$746$454$269$156$21
41 years$1,142$710$426$248$142$18
42 years$1,103$676$399$229$128$15
43 years$1,065$644$375$211$117$13
44 years$1,029$614$352$195$106$11
45 years$995$586$330$180$96$9
46 years$962$559$310$166$87$8
47 years$931$533$291$154$79$7
48 years$901$509$274$142$72$6
49 years$873$486$257$131$65$5
50 years$846$464$242$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $866,000, adding $4,163 every year, while hoping to spend $39,784 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: 85/6/9 Blend
44$866,000$866,000$866,000$866,000
45$958,626$912,728$899,305$1,038,643
46$1,014,076$915,122$887,102$1,093,919
47$1,073,849$916,300$873,157$1,148,808
48$1,138,343$916,160$857,369$1,207,870
49$1,207,996$914,594$839,633$1,271,498
50$1,283,291$911,488$819,840$1,340,125
51$1,364,756$906,721$797,875$1,414,231
52$1,452,974$900,163$773,616$1,494,339
53$1,548,584$891,678$746,939$1,581,030
54$1,652,290$881,120$717,711$1,674,942
55$1,764,864$868,336$685,795$1,776,775
56$1,887,158$853,162$651,048$1,887,305
57$2,020,109$835,427$613,318$2,007,382
58$2,164,744$814,948$572,449$2,137,946
59$2,322,198$791,530$528,276$2,280,029
60$2,493,717$764,970$480,627$2,434,772
61$2,680,672$735,049$429,324$2,603,428
62$2,884,573$701,539$374,179$2,787,381
63$3,107,083$664,198$314,997$2,988,153
64$3,350,029$622,767$251,573$3,207,423
65$3,615,425$576,976$183,694$3,447,040
66$3,905,488$526,537$111,138$3,709,041
67$4,222,658$471,148$33,671$3,995,672
68$4,569,622$410,487$0$4,309,408
69$4,949,338$344,216$0$4,657,679
70$5,365,064$271,976$0$5,042,542
71$5,820,388$193,390$0$5,464,096
72$6,319,259$108,057$0$5,926,017
73$6,866,028$15,557$0$6,432,353
74$7,465,488$0$0$6,987,564
75$8,122,915$0$0$7,602,148
76$8,844,121$0$0$8,277,494
77$9,635,510$0$0$9,018,574
78$10,504,133$0$0$9,831,993
79$11,457,758$0$0$10,725,026
80$12,504,943$0$0$11,705,689
81$13,655,113$0$0$12,782,811
82$14,918,652$0$0$13,966,118
83$16,307,000$0$0$15,266,325
84$17,832,758$0$0$16,695,237
85$19,509,811$0$0$18,265,859
86$21,353,454$0$0$19,992,516
87$23,380,538$0$0$21,890,994
88$25,609,629$0$0$23,978,682
89$28,061,183$0$0$26,274,742
90$30,757,734$0$0$28,800,282
91$33,724,115$0$0$31,578,560
92$36,987,683$0$0$34,635,204
93$40,578,582$0$0$37,998,447
94$44,530,025$0$0$41,699,401
95$48,878,606$0$0$45,772,343
96$53,664,648$0$0$50,255,042
97$58,932,579$0$0$55,189,116
98$64,731,355$0$0$60,620,418
99$71,114,916$0$0$66,599,477
100$78,142,702$0$0$73,181,967