Can I retire at age 45 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$67,715$67,112$66,523$65,949$65,388$64,624
2 years$33,522$32,898$32,293$31,706$31,137$30,369
3 years$22,126$21,499$20,896$20,314$19,755$19,005
4 years$16,429$15,804$15,207$14,635$14,089$13,364
5 years$13,012$12,391$11,801$11,241$10,710$10,012
6 years$10,735$10,118$9,537$8,990$8,475$7,804
7 years$9,108$8,497$7,925$7,391$6,892$6,250
8 years$7,889$7,283$6,721$6,200$5,718$5,103
9 years$6,942$6,342$5,789$5,281$4,815$4,228
10 years$6,184$5,590$5,047$4,552$4,103$3,543
11 years$5,565$4,976$4,443$3,962$3,529$2,995
12 years$5,049$4,466$3,943$3,475$3,058$2,550
13 years$4,613$4,036$3,523$3,068$2,666$2,185
14 years$4,239$3,669$3,165$2,723$2,337$1,880
15 years$3,916$3,352$2,858$2,429$2,058$1,625
16 years$3,633$3,075$2,591$2,175$1,819$1,409
17 years$3,384$2,832$2,358$1,954$1,613$1,226
18 years$3,162$2,617$2,152$1,761$1,434$1,069
19 years$2,965$2,425$1,970$1,591$1,278$934
20 years$2,787$2,254$1,808$1,441$1,142$817
21 years$2,626$2,099$1,663$1,308$1,022$716
22 years$2,480$1,960$1,533$1,189$916$629
23 years$2,348$1,833$1,416$1,083$822$553
24 years$2,226$1,717$1,309$988$739$486
25 years$2,114$1,611$1,212$902$665$428
26 years$2,011$1,515$1,125$825$599$378
27 years$1,916$1,425$1,044$755$540$333
28 years$1,828$1,343$971$692$487$294
29 years$1,746$1,267$903$634$440$259
30 years$1,669$1,197$841$582$398$229
31 years$1,598$1,131$784$535$359$203
32 years$1,531$1,070$732$491$325$179
33 years$1,468$1,014$683$452$294$158
34 years$1,410$961$639$416$266$140
35 years$1,354$911$597$383$241$124
36 years$1,302$865$558$352$219$110
37 years$1,253$821$523$325$198$97
38 years$1,207$781$489$299$180$86
39 years$1,163$742$459$276$163$76
40 years$1,121$706$430$255$148$67
41 years$1,082$672$403$235$134$60
42 years$1,044$640$378$217$122$53
43 years$1,008$610$355$200$110$47
44 years$974$581$333$185$100$42
45 years$942$555$313$171$91$37
46 years$911$529$294$158$83$33
47 years$882$505$276$146$75$29
48 years$853$482$259$135$68$26
49 years$826$460$244$124$62$23
50 years$801$440$229$115$56$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $820,000, adding $4,542 every year, while hoping to spend $50,273 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: 48/41/11 Blend
44$820,000$820,000$820,000$820,000
45$908,325$864,865$852,155$948,974
46$947,484$853,753$827,212$966,304
47$988,953$840,412$799,749$979,502
48$1,032,913$824,679$769,627$992,691
49$1,079,564$806,383$736,704$1,005,886
50$1,129,124$785,341$700,829$1,019,107
51$1,181,833$761,360$661,844$1,032,380
52$1,237,949$734,236$619,586$1,045,737
53$1,297,761$703,754$573,882$1,059,217
54$1,361,579$669,685$524,554$1,072,866
55$1,429,748$631,787$471,414$1,086,741
56$1,502,642$589,805$414,266$1,100,908
57$1,580,674$543,468$352,907$1,115,446
58$1,664,295$492,490$287,122$1,130,447
59$1,754,001$436,570$216,688$1,146,017
60$1,850,335$375,388$141,373$1,162,282
61$1,953,894$308,607$60,934$1,179,383
62$2,065,334$235,871$0$1,197,486
63$2,185,372$156,803$0$1,219,703
64$2,314,800$71,006$0$1,251,148
65$2,454,485$0$0$1,284,940
66$2,605,380$0$0$1,331,291
67$2,768,534$0$0$1,416,117
68$2,945,097$0$0$1,507,990
69$3,136,337$0$0$1,607,578
70$3,343,644$0$0$1,715,615
71$3,568,550$0$0$1,832,911
72$3,812,737$0$0$1,960,353
73$4,078,058$0$0$2,098,919
74$4,366,549$0$0$2,249,686
75$4,680,451$0$0$2,413,836
76$5,022,228$0$0$2,592,672
77$5,394,595$0$0$2,787,626
78$5,800,536$0$0$3,000,277
79$6,243,338$0$0$3,232,360
80$6,726,616$0$0$3,485,787
81$7,254,353$0$0$3,762,660
82$7,830,929$0$0$4,065,296
83$8,461,170$0$0$4,396,244
84$9,150,388$0$0$4,758,312
85$9,904,430$0$0$5,154,591
86$10,729,737$0$0$5,588,485
87$11,633,400$0$0$6,063,742
88$12,623,226$0$0$6,584,491
89$13,707,817$0$0$7,155,276
90$14,896,642$0$0$7,781,105
91$16,200,132$0$0$8,467,492
92$17,629,774$0$0$9,220,512
93$19,198,223$0$0$10,046,853
94$20,919,416$0$0$10,953,885
95$22,808,704$0$0$11,949,726
96$24,882,997$0$0$13,043,317
97$27,160,925$0$0$14,244,507
98$29,663,007$0$0$15,564,149
99$32,411,849$0$0$17,014,195
100$35,432,353$0$0$18,607,814