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%18.3%
1 years$68,458$67,848$67,253$66,673$66,106$63,887
2 years$33,890$33,259$32,647$32,054$31,479$29,266
3 years$22,369$21,735$21,125$20,537$19,971$17,833
4 years$16,610$15,978$15,374$14,796$14,244$12,197
5 years$13,155$12,527$11,930$11,365$10,828$8,877
6 years$10,852$10,229$9,642$9,089$8,568$6,715
7 years$9,208$8,590$8,012$7,472$6,968$5,213
8 years$7,976$7,363$6,795$6,268$5,781$4,122
9 years$7,018$6,411$5,853$5,339$4,868$3,305
10 years$6,252$5,651$5,102$4,602$4,148$2,676
11 years$5,626$5,031$4,492$4,005$3,567$2,185
12 years$5,104$4,515$3,987$3,513$3,091$1,795
13 years$4,663$4,081$3,562$3,102$2,696$1,482
14 years$4,286$3,709$3,200$2,753$2,363$1,229
15 years$3,959$3,388$2,889$2,456$2,081$1,022
16 years$3,673$3,109$2,620$2,199$1,839$852
17 years$3,421$2,863$2,384$1,975$1,630$713
18 years$3,197$2,646$2,176$1,780$1,450$597
19 years$2,997$2,452$1,992$1,609$1,292$500
20 years$2,818$2,278$1,828$1,457$1,154$420
21 years$2,655$2,122$1,682$1,322$1,033$353
22 years$2,508$1,981$1,550$1,202$926$297
23 years$2,373$1,853$1,431$1,095$831$250
24 years$2,250$1,736$1,323$999$747$211
25 years$2,137$1,629$1,226$912$672$178
26 years$2,033$1,531$1,137$834$605$150
27 years$1,937$1,441$1,056$763$546$126
28 years$1,848$1,358$981$699$493$107
29 years$1,765$1,281$913$641$445$90
30 years$1,687$1,210$851$589$402$76
31 years$1,615$1,144$793$541$363$64
32 years$1,548$1,082$740$497$329$54
33 years$1,485$1,025$691$457$297$46
34 years$1,425$971$646$420$269$39
35 years$1,369$921$604$387$244$33
36 years$1,317$874$565$356$221$28
37 years$1,267$830$528$328$200$23
38 years$1,220$789$495$303$182$20
39 years$1,176$750$464$279$165$17
40 years$1,133$714$435$257$149$14
41 years$1,093$680$407$237$136$12
42 years$1,055$647$382$219$123$10
43 years$1,019$617$359$202$112$9
44 years$985$588$337$187$101$7
45 years$952$561$316$173$92$6
46 years$921$535$297$159$83$5
47 years$891$510$279$147$76$4
48 years$863$487$262$136$69$4
49 years$835$465$246$126$63$3
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 $2,558 every year, while hoping to spend $43,389 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: 62/21/17 Blend
44$829,000$829,000$829,000$829,000
45$916,197$872,260$859,410$968,917
46$963,483$868,835$842,035$1,001,285
47$1,014,139$863,788$822,623$1,031,487
48$1,068,461$856,994$801,061$1,063,436
49$1,126,777$848,319$777,230$1,097,305
50$1,189,445$837,624$751,004$1,133,285
51$1,256,859$824,758$722,253$1,171,590
52$1,329,451$809,564$690,841$1,212,456
53$1,407,696$791,873$656,625$1,256,146
54$1,492,115$771,509$619,456$1,302,951
55$1,583,281$748,283$579,178$1,353,194
56$1,681,824$721,997$535,628$1,407,232
57$1,788,434$692,440$488,637$1,465,463
58$1,903,874$659,389$438,026$1,528,325
59$2,028,979$622,608$383,609$1,596,306
60$2,164,668$581,849$325,193$1,669,944
61$2,311,952$536,848$262,575$1,749,838
62$2,471,944$487,326$195,544$1,836,648
63$2,645,867$432,989$123,879$1,931,107
64$2,835,065$373,526$47,349$2,034,025
65$3,041,021$308,608$0$2,146,300
66$3,265,362$237,887$0$2,275,149
67$3,509,883$160,997$0$2,425,016
68$3,776,555$77,550$0$2,588,566
69$4,067,550$0$0$2,767,191
70$4,385,260$0$0$2,965,402
71$4,732,315$0$0$3,201,554
72$5,111,611$0$0$3,459,705
73$5,526,339$0$0$3,742,032
74$5,980,010$0$0$4,050,933
75$6,476,489$0$0$4,389,050
76$7,020,034$0$0$4,759,290
77$7,615,334$0$0$5,164,854
78$8,267,551$0$0$5,609,270
79$8,982,371$0$0$6,096,421
80$9,766,056$0$0$6,630,584
81$10,625,502$0$0$7,216,470
82$11,568,306$0$0$7,859,267
83$12,602,835$0$0$8,564,692
84$13,738,304$0$0$9,339,039
85$14,984,866$0$0$10,189,242
86$16,353,702$0$0$11,122,942
87$17,857,131$0$0$12,148,553
88$19,508,724$0$0$13,275,344
89$21,323,430$0$0$14,513,529
90$23,317,717$0$0$15,874,358
91$25,509,730$0$0$17,370,225
92$27,919,456$0$0$19,014,787
93$30,568,918$0$0$20,823,087
94$33,482,378$0$0$22,811,701
95$36,686,567$0$0$24,998,889
96$40,210,936$0$0$27,404,774
97$44,087,935$0$0$30,051,523
98$48,353,315$0$0$32,963,561
99$53,046,469$0$0$36,167,801
100$58,210,800$0$0$39,693,894