Can I retire at age 45 with 832,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12%
1 years$68,706$68,094$67,497$66,914$66,345$65,789
2 years$34,013$33,379$32,765$32,170$31,593$31,033
3 years$22,450$21,814$21,201$20,612$20,044$19,496
4 years$16,670$16,035$15,429$14,850$14,295$13,765
5 years$13,202$12,572$11,974$11,406$10,867$10,356
6 years$10,892$10,266$9,677$9,121$8,599$8,107
7 years$9,242$8,621$8,041$7,499$6,993$6,521
8 years$8,005$7,390$6,820$6,291$5,801$5,349
9 years$7,043$6,434$5,874$5,358$4,886$4,453
10 years$6,275$5,672$5,121$4,619$4,163$3,749
11 years$5,646$5,049$4,508$4,020$3,580$3,185
12 years$5,123$4,532$4,001$3,526$3,103$2,726
13 years$4,680$4,095$3,575$3,113$2,705$2,347
14 years$4,301$3,723$3,212$2,763$2,372$2,031
15 years$3,973$3,401$2,900$2,464$2,088$1,765
16 years$3,686$3,120$2,629$2,207$1,845$1,539
17 years$3,433$2,873$2,392$1,983$1,636$1,346
18 years$3,209$2,655$2,184$1,787$1,455$1,180
19 years$3,008$2,461$1,999$1,614$1,297$1,037
20 years$2,828$2,287$1,835$1,462$1,158$913
21 years$2,665$2,130$1,688$1,327$1,037$805
22 years$2,517$1,988$1,555$1,207$929$711
23 years$2,382$1,860$1,436$1,099$834$629
24 years$2,258$1,742$1,328$1,002$750$557
25 years$2,145$1,635$1,230$915$675$493
26 years$2,041$1,537$1,141$837$608$438
27 years$1,944$1,446$1,060$766$548$388
28 years$1,854$1,363$985$702$494$345
29 years$1,771$1,286$917$644$446$307
30 years$1,694$1,214$854$591$403$273
31 years$1,621$1,148$796$542$365$243
32 years$1,553$1,086$743$499$330$216
33 years$1,490$1,028$693$458$299$192
34 years$1,430$975$648$422$270$171
35 years$1,374$925$606$388$245$152
36 years$1,321$878$567$358$222$136
37 years$1,272$833$530$330$201$121
38 years$1,224$792$497$304$182$108
39 years$1,180$753$465$280$165$96
40 years$1,137$717$436$258$150$86
41 years$1,097$682$409$238$136$76
42 years$1,059$650$384$220$123$68
43 years$1,023$619$360$203$112$61
44 years$989$590$338$187$102$54
45 years$956$563$317$173$92$48
46 years$924$537$298$160$84$43
47 years$894$512$280$148$76$39
48 years$866$489$263$137$69$34
49 years$838$467$247$126$63$31
50 years$812$446$232$117$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $832,000, adding $5,458 every year, while hoping to spend $29,705 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: 58/19/23 Blend
44$832,000$832,000$832,000$832,000
45$922,494$878,398$865,502$970,000
46$984,982$889,834$862,890$1,014,435
47$1,052,849$900,834$859,196$1,059,203
48$1,126,611$911,346$854,350$1,107,370
49$1,206,838$921,315$848,283$1,159,273
50$1,294,155$930,679$840,920$1,215,282
51$1,389,251$939,374$832,184$1,275,806
52$1,492,885$947,334$821,992$1,341,297
53$1,605,890$954,484$810,259$1,412,253
54$1,729,185$960,747$796,897$1,489,224
55$1,863,779$966,042$781,811$1,572,818
56$2,010,786$970,279$764,903$1,663,705
57$2,171,431$973,367$746,071$1,762,625
58$2,347,060$975,206$725,209$1,870,394
59$2,539,160$975,690$702,202$1,987,914
60$2,749,363$974,708$676,935$2,116,180
61$2,979,471$972,141$649,285$2,256,288
62$3,231,464$967,863$619,123$2,409,450
63$3,507,525$961,741$586,316$2,577,003
64$3,810,057$953,631$550,722$2,760,421
65$4,141,708$943,384$512,196$2,961,332
66$4,505,393$930,840$470,585$3,181,530
67$4,904,322$915,830$425,729$3,422,997
68$5,342,033$898,176$377,461$3,687,917
69$5,822,420$877,686$325,606$3,978,701
70$6,349,775$854,161$269,982$4,298,009
71$6,928,825$827,387$210,398$4,648,775
72$7,564,775$797,140$146,657$5,034,233
73$8,263,363$763,181$78,551$5,457,955
74$9,030,907$725,257$5,863$5,923,877
75$9,874,368$683,103$0$6,436,341
76$10,801,414$636,436$0$7,017,735
77$11,820,494$584,957$0$7,658,422
78$12,940,917$528,353$0$8,362,849
79$14,172,938$466,289$0$9,137,504
80$15,527,853$398,413$0$9,989,536
81$17,018,113$324,353$0$10,926,827
82$18,657,430$243,717$0$11,958,066
83$20,460,918$156,089$0$13,092,827
84$22,445,225$61,031$0$14,341,664
85$24,628,696$0$0$15,716,209
86$27,031,544$0$0$17,238,049
87$29,676,040$0$0$18,927,063
88$32,586,724$0$0$20,786,175
89$35,790,635$0$0$22,832,665
90$39,317,567$0$0$25,085,576
91$43,200,349$0$0$27,565,888
92$47,475,155$0$0$30,296,723
93$52,181,845$0$0$33,303,555
94$57,364,341$0$0$36,614,456
95$63,071,040$0$0$40,260,357
96$69,355,271$0$0$44,275,344
97$76,275,800$0$0$48,696,976
98$83,897,380$0$0$53,566,638
99$92,291,368$0$0$58,929,937
100$101,536,391$0$0$64,837,127