Can I retire at age 45 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$68,458$67,848$67,253$66,673$66,106$64,067
2 years$33,890$33,259$32,647$32,054$31,479$29,442
3 years$22,369$21,735$21,125$20,537$19,971$18,001
4 years$16,610$15,978$15,374$14,796$14,244$12,355
5 years$13,155$12,527$11,930$11,365$10,828$9,026
6 years$10,852$10,229$9,642$9,089$8,568$6,854
7 years$9,208$8,590$8,012$7,472$6,968$5,342
8 years$7,976$7,363$6,795$6,268$5,781$4,242
9 years$7,018$6,411$5,853$5,339$4,868$3,415
10 years$6,252$5,651$5,102$4,602$4,148$2,778
11 years$5,626$5,031$4,492$4,005$3,567$2,278
12 years$5,104$4,515$3,987$3,513$3,091$1,880
13 years$4,663$4,081$3,562$3,102$2,696$1,560
14 years$4,286$3,709$3,200$2,753$2,363$1,300
15 years$3,959$3,388$2,889$2,456$2,081$1,086
16 years$3,673$3,109$2,620$2,199$1,839$911
17 years$3,421$2,863$2,384$1,975$1,630$765
18 years$3,197$2,646$2,176$1,780$1,450$644
19 years$2,997$2,452$1,992$1,609$1,292$543
20 years$2,818$2,278$1,828$1,457$1,154$458
21 years$2,655$2,122$1,682$1,322$1,033$387
22 years$2,508$1,981$1,550$1,202$926$328
23 years$2,373$1,853$1,431$1,095$831$278
24 years$2,250$1,736$1,323$999$747$235
25 years$2,137$1,629$1,226$912$672$199
26 years$2,033$1,531$1,137$834$605$169
27 years$1,937$1,441$1,056$763$546$143
28 years$1,848$1,358$981$699$493$122
29 years$1,765$1,281$913$641$445$103
30 years$1,687$1,210$851$589$402$88
31 years$1,615$1,144$793$541$363$75
32 years$1,548$1,082$740$497$329$63
33 years$1,485$1,025$691$457$297$54
34 years$1,425$971$646$420$269$46
35 years$1,369$921$604$387$244$39
36 years$1,317$874$565$356$221$33
37 years$1,267$830$528$328$200$28
38 years$1,220$789$495$303$182$24
39 years$1,176$750$464$279$165$20
40 years$1,133$714$435$257$149$17
41 years$1,093$680$407$237$136$15
42 years$1,055$647$382$219$123$12
43 years$1,019$617$359$202$112$11
44 years$985$588$337$187$101$9
45 years$952$561$316$173$92$8
46 years$921$535$297$159$83$7
47 years$891$510$279$147$76$6
48 years$863$487$262$136$69$5
49 years$835$465$246$126$63$4
50 years$809$444$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $829,000, adding $5,855 every year, while hoping to spend $49,246 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: 70/21/9 Blend
44$829,000$829,000$829,000$829,000
45$919,597$875,660$862,811$982,019
46$960,999$866,170$839,318$1,014,631
47$1,004,973$854,565$813,387$1,043,724
48$1,051,730$840,688$784,885$1,074,228
49$1,101,500$824,375$753,672$1,106,273
50$1,154,535$805,452$719,602$1,139,999
51$1,211,111$783,732$682,522$1,175,567
52$1,271,530$759,021$642,273$1,213,150
53$1,336,124$731,112$598,687$1,252,944
54$1,405,256$699,783$551,591$1,295,164
55$1,479,325$664,805$500,801$1,340,050
56$1,558,766$625,930$446,128$1,387,867
57$1,644,059$582,900$387,372$1,438,909
58$1,735,731$535,440$324,327$1,493,502
59$1,834,359$483,260$256,775$1,552,008
60$1,940,577$426,053$184,490$1,614,828
61$2,055,080$363,494$107,236$1,682,405
62$2,178,636$295,242$24,765$1,755,232
63$2,312,082$220,935$0$1,833,853
64$2,456,344$140,190$0$1,924,945
65$2,612,436$52,605$0$2,026,037
66$2,781,474$0$0$2,135,513
67$2,964,686$0$0$2,263,984
68$3,163,418$0$0$2,416,563
69$3,379,156$0$0$2,582,237
70$3,613,532$0$0$2,762,264
71$3,868,339$0$0$2,958,028
72$4,145,552$0$0$3,171,051
73$4,447,344$0$0$3,403,009
74$4,776,106$0$0$3,655,744
75$5,134,469$0$0$3,931,286
76$5,525,327$0$0$4,231,866
77$5,951,868$0$0$4,559,943
78$6,417,599$0$0$4,918,221
79$6,926,382$0$0$5,309,678
80$7,482,467$0$0$5,737,593
81$8,090,536$0$0$6,205,574
82$8,755,740$0$0$6,717,595
83$9,483,755$0$0$7,278,033
84$10,280,827$0$0$7,891,706
85$11,153,837$0$0$8,563,920
86$12,110,362$0$0$9,300,518
87$13,158,745$0$0$10,107,936
88$14,308,177$0$0$10,993,262
89$15,568,779$0$0$11,964,303
90$16,951,699$0$0$13,029,656
91$18,469,216$0$0$14,198,792
92$20,134,857$0$0$15,482,143
93$21,963,518$0$0$16,891,201
94$23,971,613$0$0$18,438,625
95$26,177,219$0$0$20,138,358
96$28,600,254$0$0$22,005,762
97$31,262,656$0$0$24,057,760
98$34,188,596$0$0$26,312,995
99$37,404,702$0$0$28,792,006
100$40,940,310$0$0$31,517,422