Can I retire at age 45 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$67,385$66,784$66,199$65,627$65,069$64,740
2 years$33,359$32,737$32,135$31,551$30,985$30,654
3 years$22,018$21,394$20,794$20,215$19,658$19,334
4 years$16,349$15,727$15,132$14,564$14,020$13,706
5 years$12,949$12,330$11,743$11,187$10,658$10,354
6 years$10,682$10,069$9,490$8,946$8,433$8,140
7 years$9,064$8,456$7,887$7,355$6,859$6,577
8 years$7,851$7,248$6,688$6,170$5,690$5,419
9 years$6,908$6,311$5,761$5,255$4,792$4,532
10 years$6,154$5,563$5,022$4,530$4,083$3,834
11 years$5,538$4,952$4,422$3,943$3,511$3,274
12 years$5,024$4,445$3,924$3,458$3,043$2,816
13 years$4,590$4,017$3,506$3,053$2,653$2,437
14 years$4,218$3,651$3,150$2,710$2,326$2,120
15 years$3,897$3,335$2,844$2,417$2,048$1,852
16 years$3,615$3,060$2,579$2,164$1,810$1,624
17 years$3,367$2,818$2,346$1,944$1,605$1,428
18 years$3,147$2,604$2,142$1,752$1,427$1,259
19 years$2,950$2,413$1,961$1,583$1,272$1,113
20 years$2,773$2,243$1,800$1,434$1,136$985
21 years$2,613$2,089$1,655$1,302$1,017$874
22 years$2,468$1,950$1,526$1,183$911$777
23 years$2,336$1,824$1,409$1,078$818$691
24 years$2,215$1,709$1,303$983$735$616
25 years$2,104$1,604$1,207$898$662$549
26 years$2,001$1,507$1,119$821$596$490
27 years$1,907$1,418$1,039$751$537$438
28 years$1,819$1,337$966$688$485$391
29 years$1,737$1,261$899$631$438$350
30 years$1,661$1,191$837$579$396$313
31 years$1,590$1,126$781$532$358$280
32 years$1,524$1,065$728$489$324$251
33 years$1,461$1,009$680$450$293$225
34 years$1,403$956$635$414$265$202
35 years$1,348$907$594$381$240$181
36 years$1,296$861$556$351$218$162
37 years$1,247$817$520$323$197$146
38 years$1,201$777$487$298$179$131
39 years$1,157$739$456$275$162$117
40 years$1,116$703$428$253$147$105
41 years$1,076$669$401$234$133$95
42 years$1,039$637$376$216$121$85
43 years$1,003$607$353$199$110$76
44 years$970$579$331$184$100$69
45 years$937$552$311$170$91$62
46 years$907$526$292$157$82$55
47 years$877$502$275$145$75$50
48 years$849$480$258$134$68$45
49 years$822$458$243$124$62$40
50 years$797$437$228$114$56$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $816,000, adding $4,493 every year, while hoping to spend $32,575 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: 40/43/17 Blend
44$816,000$816,000$816,000$816,000
45$903,867$860,619$847,971$935,295
46$961,401$868,129$841,718$965,600
47$1,023,713$874,916$834,164$994,875
48$1,091,254$880,910$825,231$1,025,857
49$1,164,523$886,035$814,837$1,058,719
50$1,244,067$890,214$802,897$1,093,649
51$1,330,488$893,361$789,321$1,130,862
52$1,424,450$895,387$774,015$1,170,591
53$1,526,681$896,198$756,881$1,213,098
54$1,637,982$895,692$737,817$1,258,674
55$1,759,237$893,761$716,714$1,307,640
56$1,891,417$890,293$693,462$1,360,352
57$2,035,591$885,167$667,942$1,417,208
58$2,192,934$878,253$640,031$1,478,647
59$2,364,743$869,417$609,601$1,545,155
60$2,552,442$858,513$576,518$1,617,272
61$2,757,601$845,390$540,642$1,695,598
62$2,981,947$829,886$501,824$1,780,793
63$3,227,384$811,828$459,914$1,873,594
64$3,496,006$791,036$414,749$1,974,814
65$3,790,119$767,318$366,164$2,085,353
66$4,112,263$740,468$313,983$2,206,208
67$4,465,236$710,274$258,023$2,338,484
68$4,852,118$676,505$198,095$2,483,402
69$5,276,303$638,922$133,999$2,642,315
70$5,741,525$597,269$65,528$2,816,717
71$6,251,903$551,277$0$3,008,264
72$6,811,968$500,661$0$3,220,155
73$7,426,715$445,119$0$3,465,817
74$8,101,643$384,334$0$3,735,635
75$8,842,813$317,968$0$4,032,125
76$9,656,898$245,666$0$4,358,070
77$10,551,251$167,054$0$4,716,542
78$11,533,973$81,734$0$5,110,932
79$12,613,987$0$0$5,544,984
80$13,801,124$0$0$6,027,901
81$15,106,215$0$0$6,601,433
82$16,541,193$0$0$7,232,163
83$18,119,205$0$0$7,925,886
84$19,854,733$0$0$8,688,984
85$21,763,739$0$0$9,528,489
86$23,863,803$0$0$10,452,151
87$26,174,298$0$0$11,468,507
88$28,716,571$0$0$12,586,963
89$31,514,138$0$0$13,817,885
90$34,592,915$0$0$15,172,693
91$37,981,453$0$0$16,663,971
92$41,711,215$0$0$18,305,585
93$45,816,865$0$0$20,112,813
94$50,336,601$0$0$22,102,490
95$55,312,512$0$0$24,293,166
96$60,790,976$0$0$26,705,282
97$66,823,096$0$0$29,361,362
98$73,465,183$0$0$32,286,225
99$80,779,285$0$0$35,507,219
100$88,833,777$0$0$39,054,479