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%19.3%
1 years$68,871$68,257$67,659$67,075$66,504$64,017
2 years$34,095$33,460$32,844$32,247$31,669$29,192
3 years$22,504$21,866$21,252$20,661$20,092$17,703
4 years$16,710$16,074$15,466$14,885$14,330$12,047
5 years$13,234$12,602$12,002$11,433$10,893$8,722
6 years$10,918$10,291$9,700$9,143$8,619$6,562
7 years$9,264$8,642$8,061$7,517$7,010$5,065
8 years$8,024$7,408$6,836$6,306$5,815$3,981
9 years$7,060$6,450$5,888$5,371$4,897$3,172
10 years$6,290$5,685$5,133$4,630$4,173$2,553
11 years$5,660$5,061$4,519$4,030$3,589$2,071
12 years$5,135$4,543$4,011$3,535$3,110$1,690
13 years$4,691$4,105$3,583$3,120$2,712$1,386
14 years$4,311$3,732$3,220$2,770$2,377$1,141
15 years$3,982$3,409$2,907$2,470$2,093$942
16 years$3,695$3,128$2,635$2,212$1,850$780
17 years$3,441$2,880$2,398$1,987$1,640$647
18 years$3,216$2,662$2,189$1,791$1,458$538
19 years$3,015$2,467$2,004$1,618$1,300$448
20 years$2,835$2,292$1,839$1,466$1,161$373
21 years$2,671$2,135$1,692$1,330$1,039$311
22 years$2,523$1,993$1,559$1,209$931$260
23 years$2,388$1,864$1,440$1,102$836$217
24 years$2,264$1,746$1,331$1,005$751$181
25 years$2,150$1,639$1,233$918$676$152
26 years$2,045$1,540$1,144$839$609$127
27 years$1,949$1,450$1,062$768$549$106
28 years$1,859$1,366$987$704$496$89
29 years$1,775$1,289$919$645$447$74
30 years$1,698$1,217$856$592$404$62
31 years$1,625$1,151$798$544$366$52
32 years$1,557$1,089$744$500$331$44
33 years$1,494$1,031$695$460$299$37
34 years$1,434$977$649$423$271$31
35 years$1,378$927$607$389$245$26
36 years$1,325$880$568$358$222$22
37 years$1,275$835$532$330$202$18
38 years$1,227$794$498$304$183$15
39 years$1,183$755$466$281$166$13
40 years$1,140$718$437$259$150$11
41 years$1,100$684$410$239$136$9
42 years$1,062$651$385$220$124$7
43 years$1,025$620$361$204$112$6
44 years$991$591$339$188$102$5
45 years$958$564$318$174$93$4
46 years$927$538$299$160$84$4
47 years$897$513$281$148$76$3
48 years$868$490$264$137$69$3
49 years$840$468$248$126$63$2
50 years$814$447$233$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $834,000, adding $6,295 every year, while hoping to spend $56,466 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: 69/25/6 Blend
44$834,000$834,000$834,000$834,000
45$925,561$881,359$868,432$988,217
46$959,889$864,467$837,445$1,013,602
47$995,826$844,853$803,528$1,033,841
48$1,033,476$822,327$766,522$1,054,433
49$1,072,953$796,684$726,263$1,075,399
50$1,114,380$767,707$682,578$1,096,767
51$1,157,889$735,167$635,287$1,118,566
52$1,203,627$698,823$584,202$1,140,832
53$1,251,750$658,419$529,127$1,163,606
54$1,302,431$613,684$469,854$1,186,934
55$1,355,856$564,331$406,171$1,210,870
56$1,412,228$510,058$337,853$1,235,477
57$1,471,769$450,544$264,665$1,260,823
58$1,534,721$385,453$186,363$1,286,991
59$1,601,349$314,427$102,693$1,314,071
60$1,671,941$237,088$13,387$1,342,167
61$1,746,812$153,038$0$1,371,398
62$1,826,306$61,856$0$1,407,141
63$1,910,799$0$0$1,445,559
64$2,000,705$0$0$1,496,137
65$2,096,474$0$0$1,568,165
66$2,198,600$0$0$1,645,002
67$2,307,623$0$0$1,727,058
68$2,424,137$0$0$1,814,783
69$2,548,791$0$0$1,908,671
70$2,682,298$0$0$2,009,261
71$2,825,439$0$0$2,117,148
72$2,979,071$0$0$2,232,982
73$3,144,134$0$0$2,357,477
74$3,321,662$0$0$2,491,418
75$3,512,788$0$0$2,635,666
76$3,718,756$0$0$2,791,165
77$3,940,935$0$0$2,958,955
78$4,180,826$0$0$3,140,178
79$4,440,080$0$0$3,336,086
80$4,720,512$0$0$3,548,059
81$5,024,115$0$0$3,777,611
82$5,353,083$0$0$4,026,409
83$5,709,825$0$0$4,296,283
84$6,096,993$0$0$4,589,249
85$6,517,501$0$0$4,907,522
86$6,974,559$0$0$5,253,539
87$7,471,692$0$0$5,629,982
88$8,012,784$0$0$6,039,800
89$8,602,105$0$0$6,486,239
90$9,244,355$0$0$6,972,873
91$9,944,708$0$0$7,503,632
92$10,708,855$0$0$8,082,843
93$11,543,063$0$0$8,715,269
94$12,454,230$0$0$9,406,155
95$13,449,951$0$0$10,161,271
96$14,538,585$0$0$10,986,974
97$15,729,336$0$0$11,890,260
98$17,032,341$0$0$12,878,833
99$18,458,758$0$0$13,961,177
100$20,020,877$0$0$15,146,635