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%11.6%
1 years$71,513$70,876$70,255$69,648$69,056$68,592
2 years$35,403$34,743$34,104$33,485$32,884$32,416
3 years$23,367$22,705$22,068$21,454$20,863$20,405
4 years$17,351$16,691$16,060$15,456$14,880$14,436
5 years$13,742$13,086$12,463$11,872$11,311$10,883
6 years$11,337$10,685$10,072$9,494$8,950$8,538
7 years$9,619$8,974$8,370$7,806$7,279$6,883
8 years$8,332$7,692$7,098$6,548$6,039$5,659
9 years$7,331$6,697$6,114$5,577$5,085$4,721
10 years$6,531$5,903$5,330$4,808$4,333$3,985
11 years$5,877$5,255$4,693$4,184$3,726$3,394
12 years$5,332$4,717$4,165$3,670$3,229$2,912
13 years$4,871$4,263$3,721$3,240$2,816$2,514
14 years$4,477$3,875$3,343$2,876$2,468$2,181
15 years$4,135$3,540$3,018$2,565$2,173$1,900
16 years$3,837$3,248$2,737$2,297$1,921$1,661
17 years$3,574$2,991$2,490$2,064$1,703$1,457
18 years$3,340$2,764$2,273$1,860$1,514$1,281
19 years$3,131$2,561$2,081$1,680$1,350$1,129
20 years$2,943$2,380$1,910$1,522$1,206$997
21 years$2,774$2,217$1,757$1,381$1,079$882
22 years$2,620$2,070$1,619$1,256$967$781
23 years$2,479$1,936$1,495$1,144$868$693
24 years$2,351$1,814$1,383$1,043$780$615
25 years$2,233$1,702$1,281$953$702$547
26 years$2,124$1,599$1,188$871$632$487
27 years$2,023$1,505$1,103$797$570$433
28 years$1,930$1,418$1,025$731$515$386
29 years$1,843$1,338$954$670$465$344
30 years$1,763$1,264$889$615$420$307
31 years$1,687$1,195$828$565$380$274
32 years$1,617$1,130$773$519$343$245
33 years$1,551$1,070$722$477$311$219
34 years$1,489$1,015$674$439$281$195
35 years$1,430$962$630$404$255$175
36 years$1,375$913$590$372$231$156
37 years$1,323$867$552$343$209$140
38 years$1,274$824$517$316$190$125
39 years$1,228$784$484$291$172$112
40 years$1,184$746$454$269$156$100
41 years$1,142$710$426$248$142$89
42 years$1,103$676$399$229$128$80
43 years$1,065$644$375$211$117$72
44 years$1,029$614$352$195$106$64
45 years$995$586$330$180$96$57
46 years$962$559$310$166$87$51
47 years$931$533$291$154$79$46
48 years$901$509$274$142$72$41
49 years$873$486$257$131$65$37
50 years$846$464$242$121$59$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $866,000, adding $6,845 every year, while hoping to spend $30,159 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: 61/22/17 Blend
44$866,000$866,000$866,000$866,000
45$961,393$915,495$902,072$1,015,479
46$1,027,366$928,265$900,202$1,065,527
47$1,099,057$940,650$897,259$1,116,140
48$1,177,019$952,600$893,175$1,170,670
49$1,261,857$964,059$887,878$1,229,498
50$1,354,239$974,971$881,295$1,293,048
51$1,454,900$985,273$873,347$1,361,785
52$1,564,648$994,899$863,952$1,436,224
53$1,684,372$1,003,780$853,025$1,516,931
54$1,815,053$1,011,840$840,476$1,604,531
55$1,957,768$1,018,999$826,211$1,699,715
56$2,113,703$1,025,173$810,132$1,803,242
57$2,284,165$1,030,271$792,136$1,915,954
58$2,470,593$1,034,197$772,116$2,038,775
59$2,674,570$1,036,849$749,958$2,172,726
60$2,897,839$1,038,119$725,545$2,318,936
61$3,142,322$1,037,890$698,754$2,478,645
62$3,410,133$1,036,040$669,456$2,653,224
63$3,703,600$1,032,439$637,516$2,844,187
64$4,025,288$1,026,950$602,794$3,053,199
65$4,378,021$1,019,424$565,142$3,282,101
66$4,764,912$1,009,708$524,406$3,532,920
67$5,189,385$997,637$480,427$3,807,895
68$5,655,216$983,035$433,035$4,109,492
69$6,166,563$965,718$382,056$4,440,434
70$6,728,003$945,489$327,306$4,803,720
71$7,344,583$922,142$268,594$5,202,661
72$8,021,859$895,455$205,721$5,640,907
73$8,765,954$865,197$138,477$6,122,483
74$9,583,611$831,122$66,645$6,651,828
75$10,482,259$792,967$0$7,233,836
76$11,470,086$750,459$0$7,875,720
77$12,556,108$703,304$0$8,594,634
78$13,750,260$651,195$0$9,385,085
79$15,063,489$593,806$0$10,254,355
80$16,507,854$530,792$0$11,210,471
81$18,096,643$461,789$0$12,262,281
82$19,844,496$386,412$0$13,419,537
83$21,767,543$304,254$0$14,692,987
84$23,883,555$214,886$0$16,094,480
85$26,212,117$117,854$0$17,637,074
86$28,774,804$12,680$0$19,335,163
87$31,595,389$0$0$21,204,610
88$34,700,070$0$0$23,287,387
89$38,117,709$0$0$25,583,573
90$41,880,112$0$0$28,111,479
91$46,022,323$0$0$30,894,659
92$50,582,959$0$0$33,959,072
93$55,604,570$0$0$37,333,320
94$61,134,043$0$0$41,048,919
95$67,223,044$0$0$45,140,598
96$73,928,502$0$0$49,646,627
97$81,313,151$0$0$54,609,174
98$89,446,118$0$0$60,074,706
99$98,403,578$0$0$66,094,427
100$108,269,468$0$0$72,724,761