Can I retire at age 45 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$70,688$70,058$69,444$68,844$68,259$66,990
2 years$34,994$34,342$33,711$33,098$32,504$31,231
3 years$23,098$22,443$21,813$21,206$20,622$19,384
4 years$17,151$16,498$15,874$15,278$14,708$13,514
5 years$13,583$12,935$12,319$11,735$11,181$10,035
6 years$11,206$10,562$9,956$9,385$8,847$7,750
7 years$9,508$8,870$8,273$7,716$7,195$6,147
8 years$8,236$7,603$7,016$6,472$5,969$4,971
9 years$7,247$6,620$6,043$5,513$5,027$4,077
10 years$6,456$5,835$5,269$4,752$4,283$3,381
11 years$5,809$5,195$4,638$4,136$3,683$2,828
12 years$5,270$4,663$4,116$3,628$3,192$2,382
13 years$4,815$4,214$3,678$3,203$2,783$2,018
14 years$4,425$3,830$3,304$2,843$2,440$1,717
15 years$4,088$3,499$2,983$2,535$2,148$1,467
16 years$3,792$3,210$2,705$2,270$1,899$1,257
17 years$3,532$2,956$2,461$2,040$1,684$1,080
18 years$3,301$2,732$2,247$1,838$1,497$930
19 years$3,095$2,532$2,057$1,661$1,334$803
20 years$2,909$2,353$1,888$1,504$1,192$694
21 years$2,742$2,191$1,736$1,365$1,066$601
22 years$2,589$2,046$1,600$1,241$956$520
23 years$2,451$1,913$1,478$1,131$858$451
24 years$2,324$1,793$1,367$1,031$771$392
25 years$2,207$1,682$1,266$942$694$341
26 years$2,099$1,581$1,174$861$625$296
27 years$2,000$1,488$1,090$788$564$258
28 years$1,908$1,402$1,013$722$509$224
29 years$1,822$1,323$943$662$459$195
30 years$1,742$1,249$878$608$415$170
31 years$1,668$1,181$819$558$375$148
32 years$1,598$1,117$764$513$339$129
33 years$1,533$1,058$713$472$307$113
34 years$1,472$1,003$667$434$278$98
35 years$1,414$951$623$400$252$86
36 years$1,360$903$583$368$228$75
37 years$1,308$857$546$339$207$65
38 years$1,260$815$511$312$188$57
39 years$1,214$775$479$288$170$50
40 years$1,170$737$449$266$154$43
41 years$1,129$702$421$245$140$38
42 years$1,090$668$395$226$127$33
43 years$1,053$637$370$209$115$29
44 years$1,017$607$348$193$105$25
45 years$983$579$326$178$95$22
46 years$951$552$307$165$86$19
47 years$920$527$288$152$78$17
48 years$891$503$271$140$71$15
49 years$863$480$254$130$65$13
50 years$836$459$239$120$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $856,000, adding $4,729 every year, while hoping to spend $34,719 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: 30/47/23 Blend
44$856,000$856,000$856,000$856,000
45$948,190$902,822$889,554$969,742
46$1,007,965$910,119$882,413$993,969
47$1,072,673$916,611$873,870$1,016,603
48$1,142,781$922,220$863,840$1,040,235
49$1,218,801$926,866$852,236$1,064,976
50$1,301,299$930,463$838,966$1,090,947
51$1,390,895$932,918$823,934$1,118,285
52$1,488,270$934,135$807,040$1,147,145
53$1,594,176$934,010$788,178$1,177,699
54$1,709,438$932,433$767,238$1,210,138
55$1,834,966$929,288$744,106$1,244,680
56$1,971,760$924,450$718,661$1,281,564
57$2,120,919$917,788$690,776$1,321,061
58$2,283,657$909,163$660,320$1,363,471
59$2,461,305$898,428$627,156$1,409,128
60$2,655,332$885,424$591,140$1,458,408
61$2,867,353$869,988$552,120$1,511,727
62$3,099,148$851,941$509,941$1,569,548
63$3,352,674$831,100$464,437$1,632,389
64$3,630,088$807,265$415,438$1,700,825
65$3,933,765$780,230$362,763$1,775,494
66$4,266,320$749,771$306,226$1,857,110
67$4,630,631$715,657$245,631$1,946,461
68$5,029,871$677,639$180,775$2,044,425
69$5,467,530$635,456$111,444$2,151,979
70$5,947,456$588,831$37,415$2,270,204
71$6,473,886$537,473$0$2,400,301
72$7,051,484$481,071$0$2,553,810
73$7,685,391$419,299$0$2,732,465
74$8,381,268$351,812$0$2,928,775
75$9,145,351$278,245$0$3,144,621
76$9,984,511$198,213$0$3,382,084
77$10,906,315$111,308$0$3,643,466
78$11,919,099$17,102$0$3,931,309
79$13,032,047$0$0$4,248,426
80$14,255,279$0$0$4,641,814
81$15,599,939$0$0$5,084,123
82$17,078,310$0$0$5,570,566
83$18,703,921$0$0$6,105,613
84$20,491,678$0$0$6,694,192
85$22,458,004$0$0$7,341,728
86$24,620,996$0$0$8,054,202
87$27,000,590$0$0$8,838,203
88$29,618,752$0$0$9,700,989
89$32,499,686$0$0$10,650,560
90$35,670,059$0$0$11,695,730
91$39,159,256$0$0$12,846,209
92$42,999,652$0$0$14,112,700
93$47,226,923$0$0$15,506,991
94$51,880,377$0$0$17,042,077
95$57,003,327$0$0$18,732,272
96$62,643,498$0$0$20,593,353
97$68,853,481$0$0$22,642,701
98$75,691,223$0$0$24,899,470
99$83,220,578$0$0$27,384,767
100$91,511,905$0$0$30,121,849