Can I retire at age 45 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$69,201$68,585$67,983$67,396$66,823$64,762
2 years$34,258$33,620$33,002$32,402$31,821$29,762
3 years$22,612$21,971$21,354$20,760$20,188$18,197
4 years$16,790$16,151$15,540$14,957$14,398$12,489
5 years$13,298$12,663$12,060$11,488$10,945$9,124
6 years$10,970$10,340$9,746$9,187$8,661$6,928
7 years$9,308$8,684$8,099$7,553$7,044$5,400
8 years$8,063$7,443$6,869$6,336$5,843$4,288
9 years$7,094$6,481$5,916$5,397$4,921$3,452
10 years$6,320$5,712$5,158$4,652$4,193$2,808
11 years$5,687$5,086$4,541$4,049$3,606$2,303
12 years$5,160$4,564$4,030$3,551$3,125$1,901
13 years$4,714$4,125$3,600$3,135$2,725$1,577
14 years$4,332$3,749$3,235$2,783$2,389$1,314
15 years$4,002$3,425$2,921$2,482$2,103$1,098
16 years$3,713$3,143$2,648$2,223$1,859$921
17 years$3,458$2,894$2,410$1,997$1,648$773
18 years$3,232$2,674$2,200$1,800$1,465$651
19 years$3,030$2,479$2,014$1,626$1,306$549
20 years$2,848$2,303$1,848$1,473$1,167$463
21 years$2,684$2,145$1,700$1,337$1,044$392
22 years$2,535$2,003$1,567$1,215$936$331
23 years$2,399$1,873$1,447$1,107$840$281
24 years$2,275$1,755$1,338$1,009$755$238
25 years$2,160$1,647$1,239$922$679$201
26 years$2,055$1,548$1,149$843$612$171
27 years$1,958$1,457$1,067$772$552$145
28 years$1,868$1,373$992$707$498$123
29 years$1,784$1,295$923$648$450$104
30 years$1,706$1,223$860$595$406$89
31 years$1,633$1,156$802$546$367$75
32 years$1,565$1,094$748$502$332$64
33 years$1,501$1,036$698$462$301$54
34 years$1,441$982$653$425$272$46
35 years$1,384$931$610$391$247$39
36 years$1,331$884$571$360$223$33
37 years$1,281$839$534$332$202$28
38 years$1,233$798$500$306$184$24
39 years$1,188$759$469$282$166$20
40 years$1,146$722$439$260$151$17
41 years$1,105$687$412$240$137$15
42 years$1,067$654$386$222$124$13
43 years$1,030$623$363$204$113$11
44 years$996$594$340$189$102$9
45 years$963$567$320$174$93$8
46 years$931$541$300$161$84$7
47 years$901$516$282$149$77$6
48 years$872$492$265$138$70$5
49 years$845$470$249$127$63$4
50 years$818$449$234$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $838,000, adding $6,450 every year, while hoping to spend $45,651 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: 63/22/15 Blend
44$838,000$838,000$838,000$838,000
45$930,129$885,715$872,726$984,919
46$976,430$880,543$853,390$1,017,294
47$1,025,924$873,587$831,876$1,046,837
48$1,078,887$864,712$808,064$1,077,994
49$1,135,625$853,775$781,825$1,110,924
50$1,196,471$840,622$753,029$1,145,802
51$1,261,791$825,093$721,535$1,182,824
52$1,331,988$807,016$687,200$1,222,206
53$1,407,501$786,210$649,872$1,264,192
54$1,488,816$762,484$609,392$1,309,046
55$1,576,463$735,634$565,596$1,357,068
56$1,671,029$705,446$518,309$1,408,585
57$1,773,153$671,693$467,352$1,463,964
58$1,883,542$634,133$412,536$1,523,609
59$2,002,971$592,513$353,663$1,587,970
60$2,132,292$546,564$290,529$1,657,544
61$2,272,442$496,002$222,918$1,732,883
62$2,424,451$440,526$150,605$1,814,599
63$2,589,451$379,818$73,357$1,903,368
64$2,768,689$313,543$0$1,999,940
65$2,963,536$241,347$0$2,106,599
66$3,175,499$162,855$0$2,235,435
67$3,406,237$77,672$0$2,375,756
68$3,657,576$0$0$2,528,731
69$3,931,524$0$0$2,699,193
70$4,230,292$0$0$2,905,662
71$4,556,314$0$0$3,131,021
72$4,912,268$0$0$3,377,130
73$5,301,103$0$0$3,646,035
74$5,726,064$0$0$3,939,987
75$6,190,725$0$0$4,261,468
76$6,699,020$0$0$4,613,207
77$7,255,281$0$0$4,998,211
78$7,864,280$0$0$5,419,791
79$8,531,268$0$0$5,881,592
80$9,262,032$0$0$6,387,630
81$10,062,942$0$0$6,942,327
82$10,941,014$0$0$7,550,553
83$11,903,977$0$0$8,217,670
84$12,960,342$0$0$8,949,588
85$14,119,484$0$0$9,752,814
86$15,391,729$0$0$10,634,516
87$16,788,454$0$0$11,602,588
88$18,322,188$0$0$12,665,730
89$20,006,734$0$0$13,833,522
90$21,857,298$0$0$15,116,519
91$23,890,630$0$0$16,526,350
92$26,125,185$0$0$18,075,823
93$28,581,292$0$0$19,779,051
94$31,281,349$0$0$21,651,584
95$34,250,032$0$0$23,710,549
96$37,514,528$0$0$25,974,819
97$41,104,788$0$0$28,465,188
98$45,053,814$0$0$31,204,563
99$49,397,965$0$0$34,218,187
100$54,177,302$0$0$37,533,869