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%13.7%
1 years$71,513$70,876$70,255$69,648$69,056$67,996
2 years$35,403$34,743$34,104$33,485$32,884$31,818
3 years$23,367$22,705$22,068$21,454$20,863$19,825
4 years$17,351$16,691$16,060$15,456$14,880$13,878
5 years$13,742$13,086$12,463$11,872$11,311$10,348
6 years$11,337$10,685$10,072$9,494$8,950$8,027
7 years$9,619$8,974$8,370$7,806$7,279$6,396
8 years$8,332$7,692$7,098$6,548$6,039$5,195
9 years$7,331$6,697$6,114$5,577$5,085$4,282
10 years$6,531$5,903$5,330$4,808$4,333$3,568
11 years$5,877$5,255$4,693$4,184$3,726$3,000
12 years$5,332$4,717$4,165$3,670$3,229$2,540
13 years$4,871$4,263$3,721$3,240$2,816$2,163
14 years$4,477$3,875$3,343$2,876$2,468$1,850
15 years$4,135$3,540$3,018$2,565$2,173$1,589
16 years$3,837$3,248$2,737$2,297$1,921$1,370
17 years$3,574$2,991$2,490$2,064$1,703$1,184
18 years$3,340$2,764$2,273$1,860$1,514$1,025
19 years$3,131$2,561$2,081$1,680$1,350$890
20 years$2,943$2,380$1,910$1,522$1,206$774
21 years$2,774$2,217$1,757$1,381$1,079$674
22 years$2,620$2,070$1,619$1,256$967$588
23 years$2,479$1,936$1,495$1,144$868$513
24 years$2,351$1,814$1,383$1,043$780$448
25 years$2,233$1,702$1,281$953$702$392
26 years$2,124$1,599$1,188$871$632$343
27 years$2,023$1,505$1,103$797$570$300
28 years$1,930$1,418$1,025$731$515$263
29 years$1,843$1,338$954$670$465$231
30 years$1,763$1,264$889$615$420$202
31 years$1,687$1,195$828$565$380$177
32 years$1,617$1,130$773$519$343$156
33 years$1,551$1,070$722$477$311$137
34 years$1,489$1,015$674$439$281$120
35 years$1,430$962$630$404$255$105
36 years$1,375$913$590$372$231$92
37 years$1,323$867$552$343$209$81
38 years$1,274$824$517$316$190$71
39 years$1,228$784$484$291$172$63
40 years$1,184$746$454$269$156$55
41 years$1,142$710$426$248$142$48
42 years$1,103$676$399$229$128$43
43 years$1,065$644$375$211$117$37
44 years$1,029$614$352$195$106$33
45 years$995$586$330$180$96$29
46 years$962$559$310$166$87$25
47 years$931$533$291$154$79$22
48 years$901$509$274$142$72$20
49 years$873$486$257$131$65$17
50 years$846$464$242$121$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $866,000, adding $5,403 every year, while hoping to spend $41,324 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: 77/10/13 Blend
44$866,000$866,000$866,000$866,000
45$959,905$914,007$900,584$1,030,906
46$1,013,847$914,825$886,785$1,079,259
47$1,071,906$914,298$871,139$1,126,489
48$1,134,458$912,317$853,540$1,177,120
49$1,201,918$908,765$833,878$1,231,477
50$1,274,737$903,518$812,037$1,289,916
51$1,353,417$896,447$787,897$1,352,831
52$1,438,504$887,412$761,331$1,420,656
53$1,530,603$876,266$732,206$1,493,870
54$1,630,374$862,853$700,385$1,572,998
55$1,738,547$847,007$665,722$1,658,624
56$1,855,923$828,555$628,068$1,751,388
57$1,983,382$807,309$587,264$1,851,997
58$2,121,894$783,074$543,144$1,961,232
59$2,272,525$755,643$495,537$2,079,951
60$2,436,448$724,794$444,263$2,209,102
61$2,614,952$690,296$389,132$2,349,732
62$2,809,459$651,902$329,950$2,502,994
63$3,021,531$609,352$266,510$2,670,158
64$3,252,887$562,370$198,598$2,852,626
65$3,505,421$510,666$125,991$3,051,945
66$3,781,217$453,932$48,454$3,269,819
67$4,082,568$391,842$0$3,508,128
68$4,412,001$324,053$0$3,773,702
69$4,772,296$250,203$0$4,071,553
70$5,166,515$169,907$0$4,397,508
71$5,598,028$82,761$0$4,754,388
72$6,070,549$0$0$5,145,295
73$6,588,165$0$0$5,574,936
74$7,155,377$0$0$6,055,754
75$7,777,145$0$0$6,582,849
76$8,458,928$0$0$7,160,853
77$9,206,742$0$0$7,794,871
78$10,027,210$0$0$8,490,523
79$10,927,629$0$0$9,253,998
80$11,916,037$0$0$10,092,118
81$13,001,287$0$0$11,012,394
82$14,193,132$0$0$12,023,101
83$15,502,314$0$0$13,133,354
84$16,940,670$0$0$14,353,196
85$18,521,238$0$0$15,693,689
86$20,258,381$0$0$17,167,021
87$22,167,923$0$0$18,786,619
88$24,267,300$0$0$20,567,276
89$26,575,718$0$0$22,525,289
90$29,114,339$0$0$24,678,614
91$31,906,478$0$0$27,047,035
92$34,977,823$0$0$29,652,347
93$38,356,677$0$0$32,518,566
94$42,074,224$0$0$35,672,153
95$46,164,824$0$0$39,142,261
96$50,666,335$0$0$42,961,014
97$55,620,469$0$0$47,163,806
98$61,073,190$0$0$51,789,637
99$67,075,140$0$0$56,881,480
100$73,682,123$0$0$62,486,683