Can I retire at age 45 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$71,844$71,204$70,579$69,970$69,375$67,698
2 years$35,566$34,904$34,262$33,639$33,036$31,356
3 years$23,475$22,810$22,170$21,553$20,959$19,330
4 years$17,431$16,768$16,134$15,528$14,948$13,381
5 years$13,805$13,146$12,521$11,927$11,363$9,863
6 years$11,389$10,735$10,118$9,538$8,992$7,560
7 years$9,664$9,015$8,408$7,842$7,313$5,950
8 years$8,371$7,728$7,131$6,578$6,066$4,772
9 years$7,365$6,728$6,142$5,603$5,109$3,881
10 years$6,561$5,931$5,355$4,830$4,353$3,191
11 years$5,904$5,280$4,714$4,204$3,744$2,645
12 years$5,357$4,739$4,184$3,687$3,244$2,208
13 years$4,894$4,282$3,738$3,255$2,829$1,853
14 years$4,498$3,893$3,359$2,890$2,480$1,562
15 years$4,154$3,556$3,032$2,577$2,183$1,321
16 years$3,854$3,263$2,749$2,307$1,930$1,121
17 years$3,590$3,005$2,502$2,073$1,711$954
18 years$3,355$2,776$2,284$1,868$1,521$813
19 years$3,145$2,573$2,091$1,688$1,356$694
20 years$2,957$2,391$1,919$1,529$1,211$594
21 years$2,786$2,227$1,765$1,388$1,084$508
22 years$2,632$2,079$1,627$1,262$972$436
23 years$2,491$1,945$1,502$1,149$872$374
24 years$2,362$1,822$1,389$1,048$784$321
25 years$2,243$1,710$1,286$957$705$276
26 years$2,134$1,607$1,193$875$635$237
27 years$2,033$1,512$1,108$801$573$204
28 years$1,939$1,425$1,030$734$517$176
29 years$1,852$1,344$958$673$467$151
30 years$1,771$1,270$893$618$422$130
31 years$1,695$1,200$832$567$381$112
32 years$1,624$1,136$777$521$345$97
33 years$1,558$1,075$725$479$312$83
34 years$1,496$1,019$677$441$283$72
35 years$1,437$967$633$406$256$62
36 years$1,382$918$593$374$232$53
37 years$1,330$872$555$345$210$46
38 years$1,280$828$519$318$191$40
39 years$1,234$788$487$293$173$34
40 years$1,189$749$456$270$157$30
41 years$1,147$713$428$249$142$25
42 years$1,108$679$401$230$129$22
43 years$1,070$647$376$212$117$19
44 years$1,034$617$353$196$106$16
45 years$999$588$332$181$97$14
46 years$967$561$312$167$88$12
47 years$935$536$293$154$80$10
48 years$905$511$275$143$72$9
49 years$877$488$259$132$66$8
50 years$849$466$243$122$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $870,000, adding $5,321 every year, while hoping to spend $37,357 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: 44/28/28 Blend
44$870,000$870,000$870,000$870,000
45$964,229$918,119$904,634$998,615
46$1,022,832$923,359$895,191$1,028,912
47$1,086,162$927,604$884,181$1,057,765
48$1,154,659$930,765$871,510$1,088,328
49$1,228,811$932,750$857,082$1,120,781
50$1,309,152$933,457$840,797$1,155,325
51$1,396,271$932,781$822,549$1,192,185
52$1,490,814$930,611$802,227$1,231,608
53$1,593,492$926,826$779,717$1,273,871
54$1,705,087$921,300$754,897$1,319,282
55$1,826,461$913,898$727,640$1,368,181
56$1,958,560$904,479$697,816$1,420,948
57$2,102,425$892,890$665,285$1,478,004
58$2,259,203$878,973$629,903$1,539,816
59$2,430,157$862,557$591,519$1,606,903
60$2,616,674$843,464$549,976$1,679,838
61$2,820,282$821,501$505,108$1,759,261
62$3,042,665$796,469$456,744$1,845,877
63$3,285,675$768,154$404,702$1,940,471
64$3,551,350$736,330$348,796$2,043,910
65$3,841,937$700,758$288,830$2,157,157
66$4,159,905$661,187$224,597$2,281,277
67$4,507,979$617,348$155,884$2,417,449
68$4,889,155$568,960$82,468$2,566,979
69$5,306,733$515,724$4,115$2,731,312
70$5,764,350$457,324$0$2,912,049
71$6,266,007$393,427$0$3,134,711
72$6,816,115$323,680$0$3,380,359
73$7,419,530$247,711$0$3,650,009
74$8,081,600$165,128$0$3,946,136
75$8,808,218$75,514$0$4,271,477
76$9,605,874$0$0$4,629,047
77$10,481,715$0$0$5,028,823
78$11,443,618$0$0$5,493,544
79$12,500,256$0$0$6,004,147
80$13,661,188$0$0$6,565,265
81$14,936,941$0$0$7,182,000
82$16,339,113$0$0$7,859,976
83$17,880,483$0$0$8,605,386
84$19,575,129$0$0$9,425,053
85$21,438,559$0$0$10,326,498
86$23,487,863$0$0$11,318,002
87$25,741,866$0$0$12,408,694
88$28,221,313$0$0$13,608,627
89$30,949,057$0$0$14,928,883
90$33,950,280$0$0$16,381,669
91$37,252,726$0$0$17,980,435
92$40,886,967$0$0$19,740,001
93$44,886,687$0$0$21,676,699
94$49,288,998$0$0$23,808,521
95$54,134,798$0$0$26,155,295
96$59,469,146$0$0$28,738,866
97$65,341,695$0$0$31,583,306
98$71,807,155$0$0$34,715,142
99$78,925,810$0$0$38,163,600
100$86,764,090$0$0$41,960,888