Can I retire at age 45 with 834,000?

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 $834,000?

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$68,871$68,257$67,659$67,075$66,504$65,947
2 years$34,095$33,460$32,844$32,247$31,669$31,107
3 years$22,504$21,866$21,252$20,661$20,092$19,543
4 years$16,710$16,074$15,466$14,885$14,330$13,798
5 years$13,234$12,602$12,002$11,433$10,893$10,381
6 years$10,918$10,291$9,700$9,143$8,619$8,126
7 years$9,264$8,642$8,061$7,517$7,010$6,537
8 years$8,024$7,408$6,836$6,306$5,815$5,362
9 years$7,060$6,450$5,888$5,371$4,897$4,463
10 years$6,290$5,685$5,133$4,630$4,173$3,758
11 years$5,660$5,061$4,519$4,030$3,589$3,193
12 years$5,135$4,543$4,011$3,535$3,110$2,733
13 years$4,691$4,105$3,583$3,120$2,712$2,353
14 years$4,311$3,732$3,220$2,770$2,377$2,036
15 years$3,982$3,409$2,907$2,470$2,093$1,769
16 years$3,695$3,128$2,635$2,212$1,850$1,543
17 years$3,441$2,880$2,398$1,987$1,640$1,349
18 years$3,216$2,662$2,189$1,791$1,458$1,183
19 years$3,015$2,467$2,004$1,618$1,300$1,040
20 years$2,835$2,292$1,839$1,466$1,161$915
21 years$2,671$2,135$1,692$1,330$1,039$807
22 years$2,523$1,993$1,559$1,209$931$713
23 years$2,388$1,864$1,440$1,102$836$630
24 years$2,264$1,746$1,331$1,005$751$558
25 years$2,150$1,639$1,233$918$676$495
26 years$2,045$1,540$1,144$839$609$439
27 years$1,949$1,450$1,062$768$549$389
28 years$1,859$1,366$987$704$496$346
29 years$1,775$1,289$919$645$447$307
30 years$1,698$1,217$856$592$404$273
31 years$1,625$1,151$798$544$366$243
32 years$1,557$1,089$744$500$331$216
33 years$1,494$1,031$695$460$299$193
34 years$1,434$977$649$423$271$172
35 years$1,378$927$607$389$245$153
36 years$1,325$880$568$358$222$136
37 years$1,275$835$532$330$202$121
38 years$1,227$794$498$304$183$108
39 years$1,183$755$466$281$166$96
40 years$1,140$718$437$259$150$86
41 years$1,100$684$410$239$136$77
42 years$1,062$651$385$220$124$68
43 years$1,025$620$361$204$112$61
44 years$991$591$339$188$102$54
45 years$958$564$318$174$93$49
46 years$927$538$299$160$84$43
47 years$897$513$281$148$76$39
48 years$868$490$264$137$69$34
49 years$840$468$248$126$63$31
50 years$814$447$233$117$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $834,000, adding $2,755 every year, while hoping to spend $35,053 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: 51/20/29 Blend
44$834,000$834,000$834,000$834,000
45$921,910$877,708$864,781$961,259
46$978,648$883,419$856,455$994,722
47$1,040,000$888,236$846,675$1,027,366
48$1,106,397$892,077$835,356$1,062,182
49$1,178,317$894,856$822,408$1,099,394
50$1,256,283$896,481$807,736$1,139,249
51$1,340,871$896,857$791,243$1,182,020
52$1,432,716$895,879$772,826$1,228,012
53$1,532,514$893,438$752,376$1,277,560
54$1,641,032$889,417$729,782$1,331,038
55$1,759,112$883,694$704,925$1,388,859
56$1,887,684$876,138$677,682$1,451,480
57$2,027,768$866,609$647,925$1,519,406
58$2,180,488$854,960$615,519$1,593,200
59$2,347,082$841,037$580,322$1,673,480
60$2,528,909$824,673$542,188$1,760,934
61$2,727,469$805,693$500,962$1,856,321
62$2,944,412$783,913$456,485$1,960,481
63$3,181,553$759,136$408,589$2,074,344
64$3,440,892$731,154$357,097$2,198,936
65$3,724,631$699,748$301,828$2,335,396
66$4,035,193$664,686$242,589$2,484,979
67$4,375,248$625,720$179,180$2,649,073
68$4,747,735$582,593$111,395$2,829,215
69$5,155,891$535,027$39,014$3,027,100
70$5,603,282$482,733$0$3,244,604
71$6,093,834$425,404$0$3,495,628
72$6,631,871$362,715$0$3,784,281
73$7,222,156$294,323$0$4,101,084
74$7,869,937$219,865$0$4,448,909
75$8,580,991$138,959$0$4,830,923
76$9,361,685$51,201$0$5,250,617
77$10,219,030$0$0$5,711,844
78$11,160,753$0$0$6,228,497
79$12,195,361$0$0$6,808,580
80$13,332,230$0$0$7,446,091
81$14,581,688$0$0$8,146,834
82$15,955,112$0$0$8,917,202
83$17,465,036$0$0$9,764,239
84$19,125,272$0$0$10,695,703
85$20,951,035$0$0$11,720,146
86$22,959,087$0$0$12,846,987
87$25,167,898$0$0$14,086,604
88$27,597,818$0$0$15,450,433
89$30,271,268$0$0$16,951,072
90$33,212,952$0$0$18,602,405
91$36,450,089$0$0$20,419,726
92$40,012,671$0$0$22,419,891
93$43,933,743$0$0$24,621,469
94$48,249,717$0$0$27,044,922
95$53,000,715$0$0$29,712,798
96$58,230,945$0$0$32,649,940
97$63,989,119$0$0$35,883,723
98$70,328,914$0$0$39,444,312
99$77,309,474$0$0$43,364,945
100$84,995,972$0$0$47,682,248