Can I retire at age 45 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$67,963$67,357$66,767$66,190$65,627$64,780
2 years$33,645$33,018$32,411$31,822$31,251$30,399
3 years$22,207$21,578$20,972$20,389$19,827$18,996
4 years$16,489$15,862$15,262$14,689$14,141$13,338
5 years$13,060$12,436$11,844$11,283$10,750$9,977
6 years$10,774$10,155$9,572$9,023$8,506$7,764
7 years$9,142$8,528$7,954$7,418$6,917$6,207
8 years$7,918$7,310$6,746$6,223$5,739$5,059
9 years$6,967$6,365$5,810$5,300$4,833$4,184
10 years$6,207$5,610$5,065$4,569$4,118$3,500
11 years$5,585$4,994$4,460$3,976$3,541$2,953
12 years$5,067$4,483$3,958$3,488$3,069$2,510
13 years$4,629$4,051$3,536$3,079$2,676$2,146
14 years$4,255$3,682$3,177$2,733$2,346$1,843
15 years$3,930$3,364$2,868$2,438$2,066$1,590
16 years$3,646$3,086$2,601$2,183$1,826$1,376
17 years$3,396$2,842$2,367$1,961$1,619$1,194
18 years$3,174$2,626$2,160$1,767$1,439$1,039
19 years$2,976$2,434$1,978$1,597$1,283$906
20 years$2,797$2,262$1,815$1,446$1,146$791
21 years$2,636$2,107$1,669$1,313$1,025$692
22 years$2,490$1,967$1,539$1,194$919$606
23 years$2,356$1,839$1,421$1,087$825$531
24 years$2,234$1,723$1,314$991$742$467
25 years$2,122$1,617$1,217$905$667$410
26 years$2,018$1,520$1,129$828$601$360
27 years$1,923$1,431$1,048$758$542$317
28 years$1,834$1,348$974$694$489$279
29 years$1,752$1,272$907$637$442$246
30 years$1,675$1,201$845$584$399$217
31 years$1,604$1,135$787$537$361$191
32 years$1,537$1,074$735$493$326$168
33 years$1,474$1,017$686$454$295$149
34 years$1,415$964$641$417$267$131
35 years$1,359$915$599$384$242$116
36 years$1,307$868$560$354$219$102
37 years$1,258$824$525$326$199$90
38 years$1,211$783$491$300$180$80
39 years$1,167$745$460$277$163$70
40 years$1,125$709$431$256$148$62
41 years$1,085$675$405$236$135$55
42 years$1,048$643$379$218$122$49
43 years$1,012$612$356$201$111$43
44 years$978$584$334$185$101$38
45 years$945$557$314$171$91$33
46 years$914$531$295$158$83$30
47 years$885$507$277$146$75$26
48 years$856$484$260$135$68$23
49 years$829$462$245$125$62$20
50 years$804$441$230$115$56$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $823,000, adding $3,993 every year, while hoping to spend $54,980 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: 70/20/10 Blend
44$823,000$823,000$823,000$823,000
45$911,065$867,446$854,689$972,769
46$945,495$851,452$824,823$998,181
47$981,595$832,833$792,114$1,018,897
48$1,019,476$811,400$756,408$1,040,092
49$1,059,260$786,956$717,545$1,061,803
50$1,101,079$759,292$675,358$1,084,070
51$1,145,079$728,186$629,672$1,106,940
52$1,191,414$693,405$580,303$1,130,465
53$1,240,256$654,700$527,061$1,154,707
54$1,291,791$611,808$469,746$1,179,732
55$1,346,220$564,454$408,149$1,205,617
56$1,403,765$512,343$342,053$1,232,450
57$1,464,667$455,165$271,230$1,260,327
58$1,529,190$392,595$195,442$1,289,358
59$1,597,620$324,284$114,442$1,319,668
60$1,670,272$249,869$27,971$1,351,396
61$1,747,490$168,963$0$1,384,698
62$1,829,650$81,158$0$1,426,612
63$1,917,163$0$0$1,474,104
64$2,010,481$0$0$1,527,515
65$2,110,098$0$0$1,603,623
66$2,216,553$0$0$1,684,983
67$2,330,440$0$0$1,772,052
68$2,452,410$0$0$1,865,332
69$2,583,174$0$0$1,965,370
70$2,723,516$0$0$2,072,770
71$2,874,295$0$0$2,188,194
72$3,036,451$0$0$2,312,367
73$3,211,020$0$0$2,446,086
74$3,399,138$0$0$2,590,227
75$3,602,053$0$0$2,745,751
76$3,821,135$0$0$2,913,716
77$4,057,892$0$0$3,095,282
78$4,313,978$0$0$3,291,725
79$4,591,213$0$0$3,504,448
80$4,891,599$0$0$3,734,994
81$5,217,335$0$0$3,985,057
82$5,570,840$0$0$4,256,503
83$5,954,774$0$0$4,551,384
84$6,372,065$0$0$4,871,955
85$6,825,931$0$0$5,220,698
86$7,319,915$0$0$5,600,345
87$7,857,913$0$0$6,013,901
88$8,444,216$0$0$6,464,673
89$9,083,543$0$0$6,956,300
90$9,781,089$0$0$7,492,788
91$10,542,571$0$0$8,078,547
92$11,374,285$0$0$8,718,430
93$12,283,160$0$0$9,417,782
94$13,276,823$0$0$10,182,484
95$14,363,675$0$0$11,019,015
96$15,552,963$0$0$11,934,506
97$16,854,871$0$0$12,936,812
98$18,280,612$0$0$14,034,580
99$19,842,534$0$0$15,237,333
100$21,554,237$0$0$16,555,562