Can I retire at age 45 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$71,679$71,040$70,417$69,809$69,216$67,270
2 years$35,484$34,824$34,183$33,562$32,960$31,014
3 years$23,421$22,758$22,119$21,504$20,911$19,027
4 years$17,391$16,729$16,097$15,492$14,914$13,105
5 years$13,774$13,116$12,492$11,899$11,337$9,609
6 years$11,363$10,710$10,095$9,516$8,971$7,325
7 years$9,642$8,994$8,389$7,824$7,296$5,732
8 years$8,351$7,710$7,115$6,563$6,052$4,570
9 years$7,348$6,713$6,128$5,590$5,097$3,695
10 years$6,546$5,917$5,342$4,819$4,343$3,019
11 years$5,890$5,268$4,703$4,194$3,735$2,487
12 years$5,344$4,728$4,174$3,679$3,237$2,062
13 years$4,883$4,273$3,729$3,248$2,823$1,719
14 years$4,487$3,884$3,351$2,883$2,474$1,439
15 years$4,145$3,548$3,025$2,571$2,178$1,209
16 years$3,846$3,255$2,743$2,302$1,925$1,018
17 years$3,582$2,998$2,496$2,068$1,707$860
18 years$3,348$2,770$2,278$1,864$1,518$728
19 years$3,138$2,567$2,086$1,684$1,353$617
20 years$2,950$2,386$1,914$1,525$1,208$524
21 years$2,780$2,222$1,761$1,384$1,081$445
22 years$2,626$2,074$1,623$1,259$969$378
23 years$2,485$1,940$1,498$1,146$870$322
24 years$2,356$1,818$1,386$1,046$782$274
25 years$2,238$1,706$1,283$955$704$234
26 years$2,129$1,603$1,190$873$634$200
27 years$2,028$1,509$1,105$799$572$170
28 years$1,935$1,422$1,028$732$516$145
29 years$1,848$1,341$956$671$466$124
30 years$1,767$1,267$891$616$421$106
31 years$1,691$1,197$830$566$380$91
32 years$1,621$1,133$775$520$344$77
33 years$1,554$1,073$723$478$311$66
34 years$1,492$1,017$676$440$282$57
35 years$1,434$965$632$405$255$48
36 years$1,379$915$591$373$231$41
37 years$1,327$870$553$344$210$35
38 years$1,277$826$518$317$190$30
39 years$1,231$786$485$292$172$26
40 years$1,187$748$455$269$156$22
41 years$1,145$712$427$249$142$19
42 years$1,105$678$400$229$129$16
43 years$1,067$646$376$212$117$14
44 years$1,031$616$353$196$106$12
45 years$997$587$331$181$96$10
46 years$964$560$311$167$87$9
47 years$933$534$292$154$79$7
48 years$903$510$274$142$72$6
49 years$875$487$258$132$65$5
50 years$847$465$243$122$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $868,000, adding $6,478 every year, while hoping to spend $47,442 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: 71/22/7 Blend
44$868,000$868,000$868,000$868,000
45$963,218$917,214$903,760$1,030,127
46$1,010,988$911,680$883,558$1,069,654
47$1,062,041$904,284$861,089$1,106,403
48$1,116,661$894,886$836,228$1,145,311
49$1,175,161$883,335$808,841$1,186,580
50$1,237,882$869,474$778,793$1,230,431
51$1,305,201$853,133$745,937$1,277,109
52$1,377,530$834,134$710,124$1,326,884
53$1,455,321$812,290$671,196$1,380,055
54$1,539,071$787,399$628,988$1,436,954
55$1,629,325$759,251$583,329$1,497,946
56$1,726,684$727,622$534,038$1,563,436
57$1,831,805$692,275$480,928$1,633,871
58$1,945,412$652,959$423,801$1,709,744
59$2,068,300$609,410$362,454$1,791,603
60$2,201,342$561,347$296,673$1,880,051
61$2,345,501$508,475$226,233$1,975,755
62$2,501,831$450,479$150,901$2,079,454
63$2,671,496$387,031$70,434$2,191,962
64$2,855,773$317,779$0$2,314,181
65$3,056,067$242,355$0$2,448,260
66$3,273,924$160,370$0$2,599,833
67$3,511,047$71,410$0$2,764,871
68$3,769,306$0$0$2,944,738
69$4,050,761$0$0$3,146,983
70$4,357,681$0$0$3,386,417
71$4,692,559$0$0$3,647,704
72$5,058,142$0$0$3,932,992
73$5,457,453$0$0$4,244,646
74$5,893,820$0$0$4,585,269
75$6,370,908$0$0$4,957,728
76$6,892,749$0$0$5,365,177
77$7,463,787$0$0$5,811,091
78$8,088,913$0$0$6,299,297
79$8,773,511$0$0$6,834,007
80$9,523,513$0$0$7,419,861
81$10,345,452$0$0$8,061,969
82$11,246,520$0$0$8,765,958
83$12,234,641$0$0$9,538,027
84$13,318,541$0$0$10,385,003
85$14,507,832$0$0$11,314,403
86$15,813,100$0$0$12,334,512
87$17,246,009$0$0$13,454,452
88$18,819,403$0$0$14,684,273
89$20,547,433$0$0$16,035,046
90$22,445,690$0$0$17,518,967
91$24,531,344$0$0$19,149,470
92$26,823,315$0$0$20,941,357
93$29,342,445$0$0$22,910,934
94$32,111,696$0$0$25,076,165
95$35,156,365$0$0$27,456,842
96$38,504,321$0$0$30,074,769
97$42,186,273$0$0$32,953,970
98$46,236,051$0$0$36,120,915
99$50,690,929$0$0$39,604,765
100$55,591,978$0$0$43,437,653