Can I retire at age 45 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$68,706$68,094$67,497$66,914$66,345$65,462
2 years$34,013$33,379$32,765$32,170$31,593$30,704
3 years$22,450$21,814$21,201$20,612$20,044$19,178
4 years$16,670$16,035$15,429$14,850$14,295$13,458
5 years$13,202$12,572$11,974$11,406$10,867$10,062
6 years$10,892$10,266$9,677$9,121$8,599$7,826
7 years$9,242$8,621$8,041$7,499$6,993$6,253
8 years$8,005$7,390$6,820$6,291$5,801$5,094
9 years$7,043$6,434$5,874$5,358$4,886$4,210
10 years$6,275$5,672$5,121$4,619$4,163$3,520
11 years$5,646$5,049$4,508$4,020$3,580$2,968
12 years$5,123$4,532$4,001$3,526$3,103$2,521
13 years$4,680$4,095$3,575$3,113$2,705$2,154
14 years$4,301$3,723$3,212$2,763$2,372$1,849
15 years$3,973$3,401$2,900$2,464$2,088$1,594
16 years$3,686$3,120$2,629$2,207$1,845$1,378
17 years$3,433$2,873$2,392$1,983$1,636$1,195
18 years$3,209$2,655$2,184$1,787$1,455$1,039
19 years$3,008$2,461$1,999$1,614$1,297$905
20 years$2,828$2,287$1,835$1,462$1,158$790
21 years$2,665$2,130$1,688$1,327$1,037$691
22 years$2,517$1,988$1,555$1,207$929$604
23 years$2,382$1,860$1,436$1,099$834$530
24 years$2,258$1,742$1,328$1,002$750$465
25 years$2,145$1,635$1,230$915$675$408
26 years$2,041$1,537$1,141$837$608$358
27 years$1,944$1,446$1,060$766$548$315
28 years$1,854$1,363$985$702$494$277
29 years$1,771$1,286$917$644$446$244
30 years$1,694$1,214$854$591$403$215
31 years$1,621$1,148$796$542$365$189
32 years$1,553$1,086$743$499$330$167
33 years$1,490$1,028$693$458$299$147
34 years$1,430$975$648$422$270$129
35 years$1,374$925$606$388$245$114
36 years$1,321$878$567$358$222$101
37 years$1,272$833$530$330$201$89
38 years$1,224$792$497$304$182$78
39 years$1,180$753$465$280$165$69
40 years$1,137$717$436$258$150$61
41 years$1,097$682$409$238$136$54
42 years$1,059$650$384$220$123$48
43 years$1,023$619$360$203$112$42
44 years$989$590$338$187$102$37
45 years$956$563$317$173$92$33
46 years$924$537$298$160$84$29
47 years$894$512$280$148$76$26
48 years$866$489$263$137$69$23
49 years$838$467$247$126$63$20
50 years$812$446$232$117$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $832,000, adding $3,934 every year, while hoping to spend $46,710 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: 43/27/30 Blend
44$832,000$832,000$832,000$832,000
45$920,922$876,826$863,930$952,320
46$965,157$870,091$843,172$968,548
47$1,012,338$861,461$820,154$981,429
48$1,062,717$850,793$794,750$994,512
49$1,116,569$837,937$766,829$1,007,844
50$1,174,196$822,733$736,254$1,021,480
51$1,235,929$805,011$702,883$1,035,486
52$1,302,130$784,593$666,566$1,049,935
53$1,373,197$761,288$627,147$1,064,916
54$1,449,569$734,897$584,462$1,080,526
55$1,531,724$705,206$538,340$1,096,882
56$1,620,189$671,991$488,604$1,114,113
57$1,715,543$635,013$435,067$1,132,368
58$1,818,422$594,021$377,534$1,151,818
59$1,929,522$548,750$315,803$1,172,654
60$2,049,612$498,917$249,661$1,195,096
61$2,179,534$444,225$178,886$1,219,389
62$2,320,215$384,361$103,248$1,245,812
63$2,472,674$318,992$22,504$1,274,680
64$2,638,032$247,768$0$1,306,346
65$2,817,521$170,318$0$1,361,587
66$3,012,495$86,251$0$1,429,481
67$3,224,445$0$0$1,503,408
68$3,455,012$0$0$1,585,458
69$3,705,999$0$0$1,702,761
70$3,979,392$0$0$1,830,631
71$4,277,376$0$0$1,970,099
72$4,602,354$0$0$2,122,305
73$4,956,975$0$0$2,288,501
74$5,344,149$0$0$2,470,064
75$5,767,085$0$0$2,668,514
76$6,229,312$0$0$2,885,520
77$6,734,716$0$0$3,122,922
78$7,287,577$0$0$3,382,746
79$7,892,606$0$0$3,667,223
80$8,554,992$0$0$3,978,809
81$9,280,448$0$0$4,320,209
82$10,075,264$0$0$4,694,402
83$10,946,371$0$0$5,104,669
84$11,901,398$0$0$5,554,624
85$12,948,751$0$0$6,048,245
86$14,097,686$0$0$6,589,919
87$15,358,400$0$0$7,184,473
88$16,742,123$0$0$7,837,226
89$18,261,226$0$0$8,554,038
90$19,929,338$0$0$9,341,364
91$21,761,469$0$0$10,206,314
92$23,774,157$0$0$11,156,720
93$25,985,619$0$0$12,201,213
94$28,415,924$0$0$13,349,299
95$31,087,184$0$0$14,611,453
96$34,023,756$0$0$15,999,212
97$37,252,478$0$0$17,525,290
98$40,802,916$0$0$19,203,695
99$44,707,645$0$0$21,049,858
100$49,002,555$0$0$23,080,782