Can I retire at age 45 with 821,000?

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 $821,000?

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$67,797$67,194$66,604$66,029$65,468$62,845
2 years$33,563$32,938$32,332$31,745$31,175$28,566
3 years$22,153$21,525$20,921$20,339$19,779$17,265
4 years$16,449$15,823$15,225$14,653$14,106$11,707
5 years$13,028$12,406$11,815$11,255$10,723$8,445
6 years$10,748$10,130$9,549$9,001$8,485$6,329
7 years$9,120$8,507$7,935$7,400$6,901$4,866
8 years$7,899$7,292$6,729$6,208$5,725$3,809
9 years$6,950$6,349$5,796$5,288$4,821$3,022
10 years$6,192$5,597$5,053$4,558$4,108$2,421
11 years$5,571$4,982$4,449$3,967$3,533$1,955
12 years$5,055$4,472$3,948$3,479$3,061$1,588
13 years$4,618$4,041$3,527$3,072$2,670$1,296
14 years$4,244$3,673$3,169$2,727$2,340$1,062
15 years$3,920$3,356$2,862$2,432$2,061$872
16 years$3,637$3,079$2,594$2,177$1,821$719
17 years$3,388$2,835$2,361$1,956$1,615$593
18 years$3,166$2,620$2,155$1,763$1,436$491
19 years$2,968$2,428$1,973$1,593$1,280$406
20 years$2,790$2,256$1,811$1,443$1,143$337
21 years$2,630$2,102$1,665$1,310$1,023$279
22 years$2,484$1,962$1,535$1,191$917$232
23 years$2,350$1,835$1,417$1,084$823$193
24 years$2,229$1,719$1,311$989$740$160
25 years$2,117$1,613$1,214$903$666$133
26 years$2,014$1,516$1,126$826$600$111
27 years$1,918$1,427$1,045$756$541$92
28 years$1,830$1,345$972$693$488$77
29 years$1,748$1,269$904$635$440$64
30 years$1,671$1,198$842$583$398$53
31 years$1,600$1,133$785$535$360$44
32 years$1,533$1,072$733$492$325$37
33 years$1,470$1,015$684$452$295$31
34 years$1,411$962$639$416$267$26
35 years$1,356$912$598$383$242$21
36 years$1,304$866$559$353$219$18
37 years$1,255$822$523$325$198$15
38 years$1,208$782$490$300$180$12
39 years$1,164$743$459$276$163$10
40 years$1,122$707$430$255$148$9
41 years$1,083$673$404$235$134$7
42 years$1,045$641$379$217$122$6
43 years$1,009$611$355$200$111$5
44 years$975$582$333$185$100$4
45 years$943$555$313$171$91$3
46 years$912$530$294$158$83$3
47 years$883$505$276$146$75$2
48 years$854$482$260$135$68$2
49 years$827$461$244$125$62$2
50 years$802$440$229$115$56$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $821,000, adding $3,084 every year, while hoping to spend $40,440 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: 45/31/24 Blend
44$821,000$821,000$821,000$821,000
45$907,923$864,410$851,685$942,369
46$957,503$863,738$837,188$966,336
47$1,010,786$861,678$820,851$988,130
48$1,068,104$858,119$802,568$1,010,959
49$1,129,828$852,944$782,231$1,034,939
50$1,196,359$846,027$759,724$1,060,203
51$1,268,142$837,237$734,930$1,086,898
52$1,345,665$826,434$707,722$1,115,189
53$1,429,462$813,468$677,970$1,145,261
54$1,520,123$798,183$645,537$1,177,321
55$1,618,293$780,413$610,281$1,211,600
56$1,724,686$759,979$572,052$1,248,357
57$1,840,082$736,697$530,694$1,287,880
58$1,965,342$710,367$486,044$1,330,491
59$2,101,413$680,780$437,932$1,376,550
60$2,249,334$647,715$386,180$1,426,455
61$2,410,250$610,938$330,601$1,480,653
62$2,585,422$570,200$271,003$1,539,639
63$2,776,235$525,240$207,182$1,603,967
64$2,984,215$475,781$138,926$1,674,249
65$3,211,040$421,529$66,015$1,751,168
66$3,458,558$362,176$0$1,835,484
67$3,728,803$297,394$0$1,931,058
68$4,024,012$226,838$0$2,054,043
69$4,346,652$150,144$0$2,188,620
70$4,699,435$66,925$0$2,336,008
71$5,085,349$0$0$2,497,557
72$5,507,682$0$0$2,682,679
73$5,970,059$0$0$2,910,441
74$6,476,466$0$0$3,159,990
75$7,031,297$0$0$3,433,502
76$7,639,388$0$0$3,733,375
77$8,306,069$0$0$4,062,250
78$9,037,206$0$0$4,423,033
79$9,839,262$0$0$4,818,930
80$10,719,357$0$0$5,253,467
81$11,685,330$0$0$5,730,532
82$12,745,820$0$0$6,254,406
83$13,910,340$0$0$6,829,805
84$15,189,371$0$0$7,461,924
85$16,594,458$0$0$8,156,487
86$18,138,322$0$0$8,919,798
87$19,834,973$0$0$9,758,805
88$21,699,849$0$0$10,681,160
89$23,749,956$0$0$11,695,295
90$26,004,031$0$0$12,810,498
91$28,482,716$0$0$14,037,004
92$31,208,754$0$0$15,386,087
93$34,207,204$0$0$16,870,173
94$37,505,673$0$0$18,502,949
95$41,134,580$0$0$20,299,496
96$45,127,440$0$0$22,276,433
97$49,521,182$0$0$24,452,068
98$54,356,494$0$0$26,846,576
99$59,678,208$0$0$29,482,187
100$65,535,724$0$0$32,383,393