Can I retire at age 45 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$71,513$70,876$70,255$69,648$69,056$66,686
2 years$35,403$34,743$34,104$33,485$32,884$30,520
3 years$23,367$22,705$22,068$21,454$20,863$18,579
4 years$17,351$16,691$16,060$15,456$14,880$12,694
5 years$13,742$13,086$12,463$11,872$11,311$9,230
6 years$11,337$10,685$10,072$9,494$8,950$6,974
7 years$9,619$8,974$8,370$7,806$7,279$5,408
8 years$8,332$7,692$7,098$6,548$6,039$4,271
9 years$7,331$6,697$6,114$5,577$5,085$3,420
10 years$6,531$5,903$5,330$4,808$4,333$2,766
11 years$5,877$5,255$4,693$4,184$3,726$2,255
12 years$5,332$4,717$4,165$3,670$3,229$1,850
13 years$4,871$4,263$3,721$3,240$2,816$1,526
14 years$4,477$3,875$3,343$2,876$2,468$1,263
15 years$4,135$3,540$3,018$2,565$2,173$1,049
16 years$3,837$3,248$2,737$2,297$1,921$874
17 years$3,574$2,991$2,490$2,064$1,703$729
18 years$3,340$2,764$2,273$1,860$1,514$610
19 years$3,131$2,561$2,081$1,680$1,350$511
20 years$2,943$2,380$1,910$1,522$1,206$428
21 years$2,774$2,217$1,757$1,381$1,079$359
22 years$2,620$2,070$1,619$1,256$967$302
23 years$2,479$1,936$1,495$1,144$868$254
24 years$2,351$1,814$1,383$1,043$780$214
25 years$2,233$1,702$1,281$953$702$180
26 years$2,124$1,599$1,188$871$632$151
27 years$2,023$1,505$1,103$797$570$127
28 years$1,930$1,418$1,025$731$515$107
29 years$1,843$1,338$954$670$465$90
30 years$1,763$1,264$889$615$420$76
31 years$1,687$1,195$828$565$380$64
32 years$1,617$1,130$773$519$343$54
33 years$1,551$1,070$722$477$311$46
34 years$1,489$1,015$674$439$281$39
35 years$1,430$962$630$404$255$33
36 years$1,375$913$590$372$231$27
37 years$1,323$867$552$343$209$23
38 years$1,274$824$517$316$190$20
39 years$1,228$784$484$291$172$16
40 years$1,184$746$454$269$156$14
41 years$1,142$710$426$248$142$12
42 years$1,103$676$399$229$128$10
43 years$1,065$644$375$211$117$8
44 years$1,029$614$352$195$106$7
45 years$995$586$330$180$96$6
46 years$962$559$310$166$87$5
47 years$931$533$291$154$79$4
48 years$901$509$274$142$72$4
49 years$873$486$257$131$65$3
50 years$846$464$242$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $866,000, adding $3,683 every year, while hoping to spend $59,923 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: 54/29/17 Blend
44$866,000$866,000$866,000$866,000
45$958,131$912,233$898,810$1,005,307
46$992,103$893,175$865,163$1,018,879
47$1,027,531$871,174$828,380$1,026,957
48$1,064,502$846,024$788,293$1,034,419
49$1,103,107$817,505$744,726$1,041,222
50$1,143,445$785,384$697,496$1,047,322
51$1,185,624$749,416$646,409$1,052,674
52$1,229,760$709,339$591,267$1,057,235
53$1,275,979$664,880$531,857$1,060,957
54$1,324,417$615,748$467,962$1,063,796
55$1,375,221$561,633$399,353$1,065,706
56$1,428,553$502,212$325,791$1,066,640
57$1,484,586$437,141$247,025$1,066,556
58$1,543,509$366,057$162,796$1,065,408
59$1,605,528$288,575$72,831$1,063,156
60$1,670,868$204,291$0$1,059,760
61$1,739,772$112,777$0$1,059,387
62$1,812,507$13,581$0$1,072,171
63$1,889,361$0$0$1,084,915
64$1,970,652$0$0$1,127,578
65$2,056,725$0$0$1,177,377
66$2,147,957$0$0$1,230,201
67$2,244,760$0$0$1,286,294
68$2,347,584$0$0$1,345,924
69$2,456,924$0$0$1,409,380
70$2,573,317$0$0$1,476,984
71$2,697,355$0$0$1,549,085
72$2,829,684$0$0$1,626,066
73$2,971,013$0$0$1,708,346
74$3,122,117$0$0$1,796,386
75$3,283,847$0$0$1,890,690
76$3,457,137$0$0$1,991,813
77$3,643,010$0$0$2,100,360
78$3,842,590$0$0$2,216,999
79$4,057,108$0$0$2,342,461
80$4,287,918$0$0$2,477,548
81$4,536,506$0$0$2,623,144
82$4,804,504$0$0$2,780,216
83$5,093,703$0$0$2,949,829
84$5,406,074$0$0$3,133,152
85$5,743,780$0$0$3,331,472
86$6,109,200$0$0$3,546,200
87$6,504,949$0$0$3,778,890
88$6,933,901$0$0$4,031,251
89$7,399,218$0$0$4,305,160
90$7,904,377$0$0$4,602,684
91$8,453,200$0$0$4,926,094
92$9,049,894$0$0$5,277,892
93$9,699,088$0$0$5,660,827
94$10,405,871$0$0$6,077,926
95$11,175,846$0$0$6,532,519
96$12,015,179$0$0$7,028,273
97$12,930,655$0$0$7,569,220
98$13,929,742$0$0$8,159,802
99$15,020,662$0$0$8,804,906
100$16,212,463$0$0$9,509,915