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%19.3%
1 years$68,458$67,848$67,253$66,673$66,106$63,634
2 years$33,890$33,259$32,647$32,054$31,479$29,017
3 years$22,369$21,735$21,125$20,537$19,971$17,597
4 years$16,610$15,978$15,374$14,796$14,244$11,974
5 years$13,155$12,527$11,930$11,365$10,828$8,670
6 years$10,852$10,229$9,642$9,089$8,568$6,522
7 years$9,208$8,590$8,012$7,472$6,968$5,035
8 years$7,976$7,363$6,795$6,268$5,781$3,958
9 years$7,018$6,411$5,853$5,339$4,868$3,153
10 years$6,252$5,651$5,102$4,602$4,148$2,538
11 years$5,626$5,031$4,492$4,005$3,567$2,058
12 years$5,104$4,515$3,987$3,513$3,091$1,680
13 years$4,663$4,081$3,562$3,102$2,696$1,377
14 years$4,286$3,709$3,200$2,753$2,363$1,134
15 years$3,959$3,388$2,889$2,456$2,081$937
16 years$3,673$3,109$2,620$2,199$1,839$776
17 years$3,421$2,863$2,384$1,975$1,630$643
18 years$3,197$2,646$2,176$1,780$1,450$535
19 years$2,997$2,452$1,992$1,609$1,292$445
20 years$2,818$2,278$1,828$1,457$1,154$371
21 years$2,655$2,122$1,682$1,322$1,033$309
22 years$2,508$1,981$1,550$1,202$926$258
23 years$2,373$1,853$1,431$1,095$831$216
24 years$2,250$1,736$1,323$999$747$180
25 years$2,137$1,629$1,226$912$672$151
26 years$2,033$1,531$1,137$834$605$126
27 years$1,937$1,441$1,056$763$546$106
28 years$1,848$1,358$981$699$493$88
29 years$1,765$1,281$913$641$445$74
30 years$1,687$1,210$851$589$402$62
31 years$1,615$1,144$793$541$363$52
32 years$1,548$1,082$740$497$329$43
33 years$1,485$1,025$691$457$297$36
34 years$1,425$971$646$420$269$31
35 years$1,369$921$604$387$244$26
36 years$1,317$874$565$356$221$21
37 years$1,267$830$528$328$200$18
38 years$1,220$789$495$303$182$15
39 years$1,176$750$464$279$165$13
40 years$1,133$714$435$257$149$11
41 years$1,093$680$407$237$136$9
42 years$1,055$647$382$219$123$7
43 years$1,019$617$359$202$112$6
44 years$985$588$337$187$101$5
45 years$952$561$316$173$92$4
46 years$921$535$297$159$83$4
47 years$891$510$279$147$76$3
48 years$863$487$262$136$69$3
49 years$835$465$246$126$63$2
50 years$809$444$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $829,000, adding $6,583 every year, while hoping to spend $20,079 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: 54/35/11 Blend
44$829,000$829,000$829,000$829,000
45$920,348$876,411$863,562$967,114
46$992,860$897,992$871,127$1,021,185
47$1,072,095$919,956$878,273$1,077,264
48$1,158,718$942,303$884,964$1,137,829
49$1,253,460$965,029$891,164$1,203,311
50$1,357,127$988,130$896,832$1,274,183
51$1,470,606$1,011,601$901,928$1,350,967
52$1,594,875$1,035,436$906,410$1,434,237
53$1,731,008$1,059,628$910,230$1,524,625
54$1,880,191$1,084,170$913,343$1,622,829
55$2,043,728$1,109,052$915,697$1,729,615
56$2,223,056$1,134,263$917,241$1,845,829
57$2,419,758$1,159,792$917,919$1,972,402
58$2,635,577$1,185,626$917,673$2,110,360
59$2,872,433$1,211,748$916,442$2,260,834
60$3,132,441$1,238,144$914,163$2,425,068
61$3,417,931$1,264,794$910,769$2,604,435
62$3,731,470$1,291,679$906,189$2,800,447
63$4,075,884$1,318,775$900,351$3,014,770
64$4,454,288$1,346,060$893,176$3,249,239
65$4,870,114$1,373,504$884,586$3,505,877
66$5,327,140$1,401,081$874,494$3,786,914
67$5,829,532$1,428,758$862,813$4,094,806
68$6,381,877$1,456,499$849,450$4,432,260
69$6,989,230$1,484,269$834,308$4,802,258
70$7,657,159$1,512,026$817,286$5,208,090
71$8,391,801$1,539,727$798,276$5,653,377
72$9,199,915$1,567,324$777,169$6,142,113
73$10,088,949$1,594,766$753,847$6,678,698
74$11,067,110$1,621,997$728,189$7,267,981
75$12,143,439$1,648,960$700,067$7,915,307
76$13,327,900$1,675,589$669,350$8,626,567
77$14,631,470$1,701,817$635,897$9,408,251
78$16,066,243$1,727,569$599,563$10,267,514
79$17,645,549$1,752,768$560,197$11,212,241
80$19,384,070$1,777,329$517,639$12,251,122
81$21,297,989$1,801,162$471,723$13,393,734
82$23,405,135$1,824,170$422,277$14,650,632
83$25,725,154$1,846,250$369,119$16,033,448
84$28,279,696$1,867,292$312,060$17,555,005
85$31,092,614$1,887,179$250,903$19,229,430
86$34,190,193$1,905,784$185,442$21,072,298
87$37,601,399$1,922,973$115,460$23,100,771
88$41,358,148$1,938,605$40,734$25,333,763
89$45,495,610$1,952,527$0$27,792,122
90$50,052,539$1,964,578$0$30,503,401
91$55,071,640$1,974,585$0$33,493,743
92$60,599,973$1,982,365$0$36,786,297
93$66,689,393$1,987,724$0$40,411,851
94$73,397,043$1,990,454$0$44,404,332
95$80,785,892$1,990,336$0$48,801,132
96$88,925,327$1,987,137$0$53,643,456
97$97,891,811$1,980,607$0$58,976,715
98$107,769,604$1,970,485$0$64,850,952
99$118,651,556$1,956,491$0$71,321,318
100$130,639,984$1,938,329$0$78,448,593