Can I retire at age 45 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$71,183$70,549$69,930$69,327$68,737$68,218
2 years$35,239$34,583$33,947$33,330$32,732$32,209
3 years$23,259$22,600$21,966$21,355$20,766$20,255
4 years$17,271$16,614$15,986$15,385$14,811$14,315
5 years$13,678$13,025$12,405$11,817$11,259$10,781
6 years$11,284$10,636$10,025$9,450$8,909$8,449
7 years$9,575$8,932$8,331$7,770$7,245$6,803
8 years$8,294$7,657$7,065$6,518$6,011$5,587
9 years$7,297$6,666$6,086$5,552$5,062$4,656
10 years$6,501$5,876$5,305$4,786$4,313$3,925
11 years$5,850$5,231$4,671$4,165$3,709$3,339
12 years$5,307$4,695$4,145$3,653$3,214$2,861
13 years$4,849$4,243$3,704$3,225$2,803$2,467
14 years$4,456$3,857$3,328$2,863$2,457$2,137
15 years$4,116$3,523$3,004$2,553$2,163$1,860
16 years$3,819$3,233$2,724$2,286$1,912$1,624
17 years$3,557$2,977$2,479$2,054$1,695$1,422
18 years$3,324$2,751$2,263$1,851$1,507$1,249
19 years$3,117$2,550$2,071$1,673$1,344$1,099
20 years$2,930$2,369$1,901$1,515$1,200$969
21 years$2,761$2,207$1,749$1,375$1,074$856
22 years$2,608$2,060$1,612$1,250$963$757
23 years$2,468$1,927$1,488$1,138$864$670
24 years$2,340$1,805$1,376$1,038$777$594
25 years$2,222$1,694$1,275$948$699$528
26 years$2,114$1,592$1,182$867$630$469
27 years$2,014$1,498$1,098$794$568$417
28 years$1,921$1,412$1,020$727$512$371
29 years$1,835$1,332$950$667$462$330
30 years$1,755$1,258$885$612$418$294
31 years$1,680$1,189$825$562$378$262
32 years$1,609$1,125$769$517$342$233
33 years$1,544$1,066$718$475$309$208
34 years$1,482$1,010$671$437$280$186
35 years$1,424$958$628$402$254$166
36 years$1,369$909$587$371$230$148
37 years$1,317$863$549$341$208$132
38 years$1,269$821$515$315$189$118
39 years$1,222$780$482$290$171$105
40 years$1,178$742$452$268$155$94
41 years$1,137$707$424$247$141$84
42 years$1,097$673$397$228$128$75
43 years$1,060$641$373$210$116$67
44 years$1,024$611$350$194$105$60
45 years$990$583$329$179$96$54
46 years$958$556$309$166$87$48
47 years$927$531$290$153$79$43
48 years$897$507$273$141$72$38
49 years$869$484$256$131$65$34
50 years$842$462$241$121$59$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $862,000, adding $2,576 every year, while hoping to spend $51,331 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: 66/19/15 Blend
44$862,000$862,000$862,000$862,000
45$952,581$906,895$893,534$1,011,888
46$995,129$896,717$868,852$1,041,655
47$1,040,296$884,320$841,622$1,067,954
48$1,088,295$869,541$811,706$1,095,427
49$1,139,360$852,207$778,957$1,124,185
50$1,193,745$832,136$743,222$1,154,354
51$1,251,730$809,134$704,343$1,186,075
52$1,313,620$782,995$662,153$1,219,503
53$1,379,751$753,504$616,476$1,254,812
54$1,450,490$720,430$567,133$1,292,195
55$1,526,240$683,530$513,931$1,331,867
56$1,607,441$642,548$456,672$1,374,067
57$1,694,579$597,212$395,150$1,419,063
58$1,788,185$547,234$329,147$1,467,149
59$1,888,843$492,312$258,436$1,518,655
60$1,997,194$432,124$182,782$1,573,946
61$2,113,940$366,330$101,938$1,633,428
62$2,239,855$294,574$15,646$1,697,553
63$2,375,788$216,475$0$1,766,821
64$2,522,670$131,635$0$1,854,022
65$2,681,529$39,631$0$1,951,005
66$2,853,489$0$0$2,055,994
67$3,039,791$0$0$2,182,336
68$3,241,796$0$0$2,328,359
69$3,461,001$0$0$2,486,863
70$3,699,054$0$0$2,659,046
71$3,957,767$0$0$2,846,226
72$4,239,134$0$0$3,049,851
73$4,545,346$0$0$3,271,515
74$4,878,818$0$0$3,512,972
75$5,242,204$0$0$3,776,151
76$5,638,426$0$0$4,063,179
77$6,070,701$0$0$4,376,391
78$6,542,568$0$0$4,718,363
79$7,057,924$0$0$5,091,926
80$7,621,059$0$0$5,500,200
81$8,236,695$0$0$5,946,618
82$8,910,033$0$0$6,434,960
83$9,646,796$0$0$6,969,390
84$10,453,289$0$0$7,554,491
85$11,336,454$0$0$8,195,310
86$12,303,936$0$0$8,897,406
87$13,364,152$0$0$9,666,901
88$14,526,374$0$0$10,510,535
89$15,800,814$0$0$11,435,735
90$17,198,718$0$0$12,450,678
91$18,732,474$0$0$13,564,374
92$20,415,728$0$0$14,786,744
93$22,263,508$0$0$16,128,718
94$24,292,372$0$0$17,602,335
95$26,520,556$0$0$19,220,859
96$28,968,151$0$0$20,998,900
97$31,657,289$0$0$22,952,552
98$34,612,353$0$0$25,099,548
99$37,860,203$0$0$27,459,421
100$41,430,432$0$0$30,053,692