Can I retire at age 45 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$71,596$70,958$70,336$69,729$69,136$67,003
2 years$35,444$34,783$34,144$33,523$32,922$30,792
3 years$23,394$22,731$22,093$21,479$20,887$18,827
4 years$17,371$16,710$16,078$15,474$14,897$12,922
5 years$13,758$13,101$12,477$11,886$11,324$9,440
6 years$11,350$10,698$10,084$9,505$8,961$7,168
7 years$9,631$8,984$8,379$7,815$7,287$5,587
8 years$8,342$7,701$7,106$6,556$6,046$4,436
9 years$7,340$6,705$6,121$5,584$5,091$3,571
10 years$6,539$5,910$5,336$4,813$4,338$2,905
11 years$5,884$5,261$4,698$4,189$3,731$2,383
12 years$5,338$4,722$4,169$3,674$3,233$1,967
13 years$4,877$4,268$3,725$3,244$2,819$1,632
14 years$4,482$3,879$3,347$2,880$2,471$1,359
15 years$4,140$3,544$3,022$2,568$2,176$1,136
16 years$3,841$3,251$2,740$2,299$1,923$952
17 years$3,578$2,994$2,493$2,066$1,705$800
18 years$3,344$2,767$2,276$1,862$1,516$674
19 years$3,135$2,564$2,083$1,682$1,351$568
20 years$2,947$2,383$1,912$1,524$1,207$479
21 years$2,777$2,220$1,759$1,383$1,080$405
22 years$2,623$2,072$1,621$1,257$968$343
23 years$2,482$1,938$1,497$1,145$869$290
24 years$2,353$1,816$1,384$1,044$781$246
25 years$2,235$1,704$1,282$954$703$208
26 years$2,126$1,601$1,189$872$633$177
27 years$2,026$1,507$1,104$798$571$150
28 years$1,932$1,420$1,026$731$515$127
29 years$1,846$1,340$955$671$465$108
30 years$1,765$1,265$890$616$420$92
31 years$1,689$1,196$829$565$380$78
32 years$1,619$1,132$774$520$344$66
33 years$1,553$1,072$723$478$311$56
34 years$1,491$1,016$675$440$282$48
35 years$1,432$963$631$405$255$41
36 years$1,377$914$590$373$231$35
37 years$1,325$868$553$343$209$29
38 years$1,276$825$518$316$190$25
39 years$1,229$785$485$292$172$21
40 years$1,185$747$454$269$156$18
41 years$1,144$711$426$248$142$15
42 years$1,104$677$400$229$129$13
43 years$1,066$645$375$212$117$11
44 years$1,030$615$352$195$106$9
45 years$996$586$331$180$96$8
46 years$963$559$311$167$87$7
47 years$932$534$292$154$79$6
48 years$902$510$274$142$72$5
49 years$874$487$258$131$65$4
50 years$846$465$242$122$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $867,000, adding $3,161 every year, while hoping to spend $38,908 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: 72/13/15 Blend
44$867,000$867,000$867,000$867,000
45$958,695$912,744$899,305$1,024,276
46$1,015,084$916,070$888,034$1,071,512
47$1,075,920$918,256$875,081$1,118,183
48$1,141,617$919,203$860,350$1,168,269
49$1,212,628$918,810$843,737$1,222,100
50$1,289,450$916,966$825,136$1,280,041
51$1,372,632$913,555$804,437$1,342,492
52$1,462,776$908,455$781,521$1,409,897
53$1,560,544$901,534$756,266$1,482,744
54$1,666,664$892,653$728,545$1,561,573
55$1,781,937$881,667$698,225$1,646,978
56$1,907,243$868,418$665,165$1,739,615
57$2,043,553$852,741$629,219$1,840,210
58$2,191,932$834,462$590,234$1,949,559
59$2,353,554$813,396$548,052$2,068,545
60$2,529,710$789,345$502,505$2,198,139
61$2,721,821$762,104$453,419$2,339,413
62$2,931,450$731,450$400,612$2,493,551
63$3,160,320$697,153$343,895$2,661,858
64$3,410,325$658,966$283,068$2,845,772
65$3,683,552$616,629$217,924$3,046,882
66$3,982,297$569,867$148,247$3,266,939
67$4,309,089$518,388$73,812$3,507,875
68$4,666,713$461,886$0$3,771,822
69$5,058,235$400,036$0$4,062,029
70$5,487,031$332,493$0$4,392,855
71$5,956,819$258,896$0$4,755,374
72$6,471,693$178,861$0$5,152,783
73$7,036,164$91,983$0$5,588,605
74$7,655,199$0$0$6,066,721
75$8,334,267$0$0$6,591,721
76$9,079,395$0$0$7,182,273
77$9,897,220$0$0$7,830,485
78$10,795,051$0$0$8,542,156
79$11,780,944$0$0$9,323,676
80$12,863,769$0$0$10,182,083
81$14,053,299$0$0$11,125,130
82$15,360,300$0$0$12,161,360
83$16,796,632$0$0$13,300,180
84$18,375,362$0$0$14,551,959
85$20,110,884$0$0$15,928,117
86$22,019,059$0$0$17,441,236
87$24,117,359$0$0$19,105,180
88$26,425,035$0$0$20,935,222
89$28,963,297$0$0$22,948,189
90$31,755,512$0$0$25,162,623
91$34,827,430$0$0$27,598,951
92$38,207,418$0$0$30,279,681
93$41,926,734$0$0$33,229,613
94$46,019,818$0$0$36,476,072
95$50,524,618$0$0$40,049,167
96$55,482,947$0$0$43,982,073
97$60,940,878$0$0$48,311,344
98$66,949,176$0$0$53,077,258
99$73,563,779$0$0$58,324,197
100$80,846,323$0$0$64,101,065