Can I retire at age 45 with 824,000?

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 $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%13.3%
1 years$68,045$67,439$66,848$66,271$65,707$64,805
2 years$33,686$33,058$32,450$31,861$31,289$30,382
3 years$22,234$21,604$20,998$20,414$19,851$18,967
4 years$16,509$15,881$15,281$14,707$14,158$13,304
5 years$13,075$12,451$11,859$11,296$10,763$9,941
6 years$10,787$10,167$9,583$9,034$8,516$7,728
7 years$9,153$8,538$7,964$7,427$6,926$6,171
8 years$7,928$7,319$6,754$6,230$5,746$5,024
9 years$6,976$6,373$5,817$5,307$4,839$4,151
10 years$6,214$5,617$5,072$4,575$4,123$3,467
11 years$5,592$5,001$4,465$3,981$3,546$2,922
12 years$5,073$4,488$3,963$3,492$3,073$2,481
13 years$4,635$4,056$3,540$3,083$2,679$2,118
14 years$4,260$3,687$3,181$2,737$2,349$1,817
15 years$3,935$3,368$2,872$2,441$2,068$1,565
16 years$3,651$3,090$2,604$2,185$1,828$1,352
17 years$3,400$2,846$2,369$1,964$1,621$1,172
18 years$3,178$2,630$2,163$1,770$1,441$1,018
19 years$2,979$2,437$1,980$1,599$1,284$886
20 years$2,801$2,265$1,817$1,448$1,147$773
21 years$2,639$2,110$1,671$1,314$1,027$675
22 years$2,493$1,969$1,541$1,195$920$590
23 years$2,359$1,842$1,422$1,088$826$517
24 years$2,237$1,726$1,315$993$742$453
25 years$2,124$1,619$1,218$906$668$397
26 years$2,021$1,522$1,130$829$602$349
27 years$1,925$1,432$1,049$759$543$306
28 years$1,837$1,350$975$695$490$269
29 years$1,754$1,273$908$637$442$237
30 years$1,677$1,202$846$585$399$208
31 years$1,606$1,137$788$537$361$183
32 years$1,539$1,076$735$494$327$161
33 years$1,476$1,019$687$454$296$142
34 years$1,417$965$642$418$268$125
35 years$1,361$916$600$385$242$110
36 years$1,309$869$561$354$220$97
37 years$1,259$825$525$326$199$86
38 years$1,213$784$492$301$180$76
39 years$1,168$746$461$277$164$67
40 years$1,127$710$432$256$148$59
41 years$1,087$676$405$236$135$52
42 years$1,049$643$380$218$122$46
43 years$1,013$613$357$201$111$40
44 years$979$584$335$186$101$36
45 years$946$557$314$171$91$31
46 years$915$532$295$158$83$28
47 years$886$507$277$146$75$24
48 years$857$484$261$135$68$22
49 years$830$462$245$125$62$19
50 years$805$442$230$116$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $824,000, adding $6,411 every year, while hoping to spend $39,914 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$824,000$824,000$824,000$824,000
45$914,661$870,989$858,217$976,441
46$965,488$871,199$844,499$1,018,425
47$1,020,162$870,082$828,984$1,058,875
48$1,079,033$867,530$811,569$1,102,070
49$1,142,485$863,430$792,147$1,148,270
50$1,210,941$857,661$770,607$1,197,764
51$1,284,865$850,094$746,830$1,250,873
52$1,364,767$840,595$720,695$1,307,947
53$1,451,208$829,019$692,073$1,369,377
54$1,544,804$815,213$660,830$1,435,593
55$1,646,233$799,017$626,826$1,507,067
56$1,756,238$780,259$589,915$1,584,324
57$1,875,640$758,757$549,942$1,667,943
58$2,005,339$734,320$506,749$1,758,561
59$2,146,326$706,744$460,168$1,856,883
60$2,299,692$675,816$410,025$1,963,688
61$2,466,637$641,306$356,136$2,079,834
62$2,648,479$602,976$298,313$2,206,270
63$2,846,673$560,570$236,354$2,344,042
64$3,062,815$513,820$170,054$2,494,305
65$3,298,666$462,441$99,195$2,658,336
66$3,556,163$406,133$23,551$2,837,542
67$3,837,437$344,579$0$3,033,475
68$4,144,834$277,442$0$3,253,953
69$4,480,940$204,370$0$3,497,844
70$4,848,598$124,986$0$3,764,750
71$5,250,942$38,897$0$4,057,004
72$5,691,420$0$0$4,377,178
73$6,173,830$0$0$4,740,064
74$6,702,356$0$0$5,147,062
75$7,281,603$0$0$5,593,164
76$7,916,645$0$0$6,082,284
77$8,613,069$0$0$6,618,730
78$9,377,030$0$0$7,207,250
79$10,215,306$0$0$7,853,071
80$11,135,364$0$0$8,561,952
81$12,145,427$0$0$9,340,237
82$13,254,556$0$0$10,194,914
83$14,472,730$0$0$11,133,679
84$15,810,943$0$0$12,165,014
85$17,281,307$0$0$13,298,259
86$18,897,165$0$0$14,543,706
87$20,673,214$0$0$15,912,693
88$22,625,649$0$0$17,417,711
89$24,772,312$0$0$19,072,521
90$27,132,857$0$0$20,892,286
91$29,728,942$0$0$22,893,709
92$32,584,426$0$0$25,095,195
93$35,725,599$0$0$27,517,022
94$39,181,424$0$0$30,181,531
95$42,983,816$0$0$33,113,341
96$47,167,937$0$0$36,339,574
97$51,772,531$0$0$39,890,116
98$56,840,288$0$0$43,797,897
99$62,418,245$0$0$48,099,199
100$68,558,232$0$0$52,834,002