Can I retire at age 45 with 824,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$68,045$67,439$66,848$66,271$65,707$63,731
2 years$33,686$33,058$32,450$31,861$31,289$29,315
3 years$22,234$21,604$20,998$20,414$19,851$17,941
4 years$16,509$15,881$15,281$14,707$14,158$12,326
5 years$13,075$12,451$11,859$11,296$10,763$9,014
6 years$10,787$10,167$9,583$9,034$8,516$6,853
7 years$9,153$8,538$7,964$7,427$6,926$5,347
8 years$7,928$7,319$6,754$6,230$5,746$4,251
9 years$6,976$6,373$5,817$5,307$4,839$3,426
10 years$6,214$5,617$5,072$4,575$4,123$2,791
11 years$5,592$5,001$4,465$3,981$3,546$2,292
12 years$5,073$4,488$3,963$3,492$3,073$1,894
13 years$4,635$4,056$3,540$3,083$2,679$1,573
14 years$4,260$3,687$3,181$2,737$2,349$1,313
15 years$3,935$3,368$2,872$2,441$2,068$1,099
16 years$3,651$3,090$2,604$2,185$1,828$922
17 years$3,400$2,846$2,369$1,964$1,621$776
18 years$3,178$2,630$2,163$1,770$1,441$654
19 years$2,979$2,437$1,980$1,599$1,284$552
20 years$2,801$2,265$1,817$1,448$1,147$467
21 years$2,639$2,110$1,671$1,314$1,027$395
22 years$2,493$1,969$1,541$1,195$920$335
23 years$2,359$1,842$1,422$1,088$826$284
24 years$2,237$1,726$1,315$993$742$241
25 years$2,124$1,619$1,218$906$668$205
26 years$2,021$1,522$1,130$829$602$174
27 years$1,925$1,432$1,049$759$543$148
28 years$1,837$1,350$975$695$490$126
29 years$1,754$1,273$908$637$442$107
30 years$1,677$1,202$846$585$399$91
31 years$1,606$1,137$788$537$361$77
32 years$1,539$1,076$735$494$327$66
33 years$1,476$1,019$687$454$296$56
34 years$1,417$965$642$418$268$48
35 years$1,361$916$600$385$242$41
36 years$1,309$869$561$354$220$35
37 years$1,259$825$525$326$199$29
38 years$1,213$784$492$301$180$25
39 years$1,168$746$461$277$164$21
40 years$1,127$710$432$256$148$18
41 years$1,087$676$405$236$135$15
42 years$1,049$643$380$218$122$13
43 years$1,013$613$357$201$111$11
44 years$979$584$335$186$101$10
45 years$946$557$314$171$91$8
46 years$915$532$295$158$83$7
47 years$886$507$277$146$75$6
48 years$857$484$261$135$68$5
49 years$830$462$245$125$62$4
50 years$805$442$230$116$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $824,000, adding $5,967 every year, while hoping to spend $55,428 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: 49/35/16 Blend
44$824,000$824,000$824,000$824,000
45$914,203$870,531$857,759$954,660
46$948,477$854,212$827,519$966,896
47$984,389$835,236$794,408$973,980
48$1,022,047$813,413$758,272$980,466
49$1,061,571$788,545$718,949$986,319
50$1,103,087$760,420$676,269$991,500
51$1,146,734$728,813$630,057$995,975
52$1,192,664$693,488$580,127$999,708
53$1,241,041$654,194$526,287$1,002,663
54$1,292,045$610,667$468,335$1,004,808
55$1,345,870$562,626$406,060$1,006,109
56$1,402,730$509,776$339,244$1,006,537
57$1,462,856$451,802$267,656$1,006,065
58$1,526,502$388,375$191,057$1,004,668
59$1,593,944$319,145$109,197$1,002,327
60$1,665,485$243,742$21,814$999,026
61$1,741,456$161,777$0$994,755
62$1,822,218$72,837$0$1,001,707
63$1,908,166$0$0$1,012,459
64$1,999,733$0$0$1,032,404
65$2,097,394$0$0$1,083,645
66$2,201,667$0$0$1,138,410
67$2,313,122$0$0$1,197,004
68$2,432,381$0$0$1,259,763
69$2,560,130$0$0$1,327,054
70$2,697,119$0$0$1,399,281
71$2,844,169$0$0$1,476,886
72$3,002,185$0$0$1,560,356
73$3,172,158$0$0$1,650,224
74$3,355,176$0$0$1,747,076
75$3,552,435$0$0$1,851,555
76$3,765,248$0$0$1,964,369
77$3,995,057$0$0$2,086,295
78$4,243,448$0$0$2,218,186
79$4,512,163$0$0$2,360,981
80$4,803,118$0$0$2,515,712
81$5,118,417$0$0$2,683,515
82$5,460,376$0$0$2,865,636
83$5,831,542$0$0$3,063,447
84$6,234,714$0$0$3,278,460
85$6,672,972$0$0$3,512,334
86$7,149,706$0$0$3,766,896
87$7,668,644$0$0$4,044,157
88$8,233,887$0$0$4,346,330
89$8,849,952$0$0$4,675,848
90$9,521,805$0$0$5,035,393
91$10,254,917$0$0$5,427,913
92$11,055,305$0$0$5,856,656
93$11,929,595$0$0$6,325,197
94$12,885,083$0$0$6,837,470
95$13,929,799$0$0$7,397,808
96$15,072,584$0$0$8,010,983
97$16,323,175$0$0$8,682,248
98$17,692,291$0$0$9,417,388
99$19,191,738$0$0$10,222,772
100$20,834,516$0$0$11,105,417