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%20%
1 years$67,385$66,784$66,199$65,627$65,069$62,463
2 years$33,359$32,737$32,135$31,551$30,985$28,392
3 years$22,018$21,394$20,794$20,215$19,658$17,160
4 years$16,349$15,727$15,132$14,564$14,020$11,636
5 years$12,949$12,330$11,743$11,187$10,658$8,394
6 years$10,682$10,069$9,490$8,946$8,433$6,290
7 years$9,064$8,456$7,887$7,355$6,859$4,836
8 years$7,851$7,248$6,688$6,170$5,690$3,786
9 years$6,908$6,311$5,761$5,255$4,792$3,003
10 years$6,154$5,563$5,022$4,530$4,083$2,406
11 years$5,538$4,952$4,422$3,943$3,511$1,943
12 years$5,024$4,445$3,924$3,458$3,043$1,578
13 years$4,590$4,017$3,506$3,053$2,653$1,288
14 years$4,218$3,651$3,150$2,710$2,326$1,055
15 years$3,897$3,335$2,844$2,417$2,048$867
16 years$3,615$3,060$2,579$2,164$1,810$714
17 years$3,367$2,818$2,346$1,944$1,605$590
18 years$3,147$2,604$2,142$1,752$1,427$488
19 years$2,950$2,413$1,961$1,583$1,272$404
20 years$2,773$2,243$1,800$1,434$1,136$335
21 years$2,613$2,089$1,655$1,302$1,017$278
22 years$2,468$1,950$1,526$1,183$911$230
23 years$2,336$1,824$1,409$1,078$818$191
24 years$2,215$1,709$1,303$983$735$159
25 years$2,104$1,604$1,207$898$662$132
26 years$2,001$1,507$1,119$821$596$110
27 years$1,907$1,418$1,039$751$537$92
28 years$1,819$1,337$966$688$485$76
29 years$1,737$1,261$899$631$438$63
30 years$1,661$1,191$837$579$396$53
31 years$1,590$1,126$781$532$358$44
32 years$1,524$1,065$728$489$324$37
33 years$1,461$1,009$680$450$293$31
34 years$1,403$956$635$414$265$25
35 years$1,348$907$594$381$240$21
36 years$1,296$861$556$351$218$18
37 years$1,247$817$520$323$197$15
38 years$1,201$777$487$298$179$12
39 years$1,157$739$456$275$162$10
40 years$1,116$703$428$253$147$9
41 years$1,076$669$401$234$133$7
42 years$1,039$637$376$216$121$6
43 years$1,003$607$353$199$110$5
44 years$970$579$331$184$100$4
45 years$937$552$311$170$91$3
46 years$907$526$292$157$82$3
47 years$877$502$275$145$75$2
48 years$849$480$258$134$68$2
49 years$822$458$243$124$62$2
50 years$797$437$228$114$56$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $816,000, adding $2,798 every year, while hoping to spend $54,308 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: 35/45/20 Blend
44$816,000$816,000$816,000$816,000
45$902,118$858,870$846,222$928,105
46$936,351$843,171$816,787$931,724
47$972,255$824,883$784,546$930,392
48$1,009,944$803,822$749,348$927,832
49$1,049,541$779,791$711,033$923,966
50$1,091,179$752,586$669,437$918,715
51$1,135,003$721,987$624,388$911,994
52$1,181,172$687,763$575,703$903,720
53$1,229,858$649,669$523,196$893,804
54$1,281,248$607,448$466,667$882,156
55$1,335,548$560,825$405,913$868,683
56$1,392,979$509,511$340,716$853,291
57$1,453,787$453,201$270,854$835,883
58$1,518,236$391,571$196,091$816,360
59$1,586,619$324,281$116,183$794,624
60$1,659,253$250,969$30,874$770,574
61$1,736,486$171,255$0$744,110
62$1,818,698$84,737$0$727,971
63$1,906,306$0$0$717,083
64$1,999,766$0$0$709,276
65$2,099,578$0$0$745,819
66$2,206,289$0$0$784,962
67$2,320,501$0$0$826,935
68$2,442,872$0$0$871,988
69$2,574,123$0$0$920,400
70$2,715,047$0$0$972,472
71$2,866,513$0$0$1,028,539
72$3,029,477$0$0$1,088,967
73$3,204,987$0$0$1,154,156
74$3,394,194$0$0$1,224,550
75$3,598,361$0$0$1,300,633
76$3,818,880$0$0$1,382,939
77$4,057,277$0$0$1,472,053
78$4,315,229$0$0$1,568,621
79$4,594,582$0$0$1,673,351
80$4,897,364$0$0$1,787,022
81$5,225,805$0$0$1,910,492
82$5,582,358$0$0$2,044,704
83$5,969,719$0$0$2,190,694
84$6,390,858$0$0$2,349,605
85$6,849,037$0$0$2,522,691
86$7,347,850$0$0$2,711,335
87$7,891,248$0$0$2,917,058
88$8,483,582$0$0$3,141,533
89$9,129,637$0$0$3,386,604
90$9,834,683$0$0$3,654,297
91$10,604,519$0$0$3,946,846
92$11,445,530$0$0$4,266,709
93$12,364,743$0$0$4,616,593
94$13,369,896$0$0$4,999,477
95$14,469,509$0$0$5,418,643
96$15,672,964$0$0$5,877,705
97$16,990,589$0$0$6,380,641
98$18,433,759$0$0$6,931,834
99$20,015,002$0$0$7,536,111
100$21,748,114$0$0$8,198,786