Can I retire at age 45 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$69,366$68,749$68,146$67,557$66,983$65,417
2 years$34,340$33,700$33,080$32,479$31,897$30,328
3 years$22,666$22,023$21,405$20,810$20,236$18,714
4 years$16,830$16,190$15,578$14,992$14,433$12,968
5 years$13,329$12,693$12,089$11,516$10,972$9,569
6 years$10,996$10,365$9,770$9,209$8,681$7,342
7 years$9,331$8,704$8,119$7,571$7,060$5,785
8 years$8,082$7,461$6,885$6,351$5,857$4,645
9 years$7,111$6,496$5,930$5,410$4,933$3,782
10 years$6,335$5,726$5,170$4,663$4,203$3,114
11 years$5,700$5,098$4,552$4,059$3,615$2,585
12 years$5,172$4,575$4,039$3,560$3,132$2,160
13 years$4,725$4,135$3,609$3,143$2,731$1,815
14 years$4,342$3,758$3,243$2,790$2,394$1,532
15 years$4,011$3,433$2,928$2,488$2,108$1,298
16 years$3,722$3,150$2,654$2,228$1,863$1,103
17 years$3,466$2,901$2,415$2,002$1,652$940
18 years$3,240$2,681$2,205$1,804$1,469$802
19 years$3,037$2,484$2,019$1,630$1,309$686
20 years$2,855$2,309$1,853$1,476$1,169$588
21 years$2,690$2,150$1,704$1,340$1,047$504
22 years$2,541$2,007$1,570$1,218$938$433
23 years$2,405$1,877$1,450$1,109$842$372
24 years$2,280$1,759$1,341$1,012$757$320
25 years$2,166$1,651$1,242$924$681$275
26 years$2,060$1,551$1,152$845$613$237
27 years$1,963$1,460$1,070$773$553$204
28 years$1,872$1,376$994$709$499$176
29 years$1,788$1,298$925$650$451$152
30 years$1,710$1,226$862$596$407$131
31 years$1,637$1,159$804$548$368$113
32 years$1,568$1,096$750$503$333$98
33 years$1,504$1,038$700$463$301$84
34 years$1,444$984$654$426$273$73
35 years$1,387$933$612$392$247$63
36 years$1,334$886$572$361$224$54
37 years$1,284$841$535$333$203$47
38 years$1,236$800$501$307$184$40
39 years$1,191$760$470$283$167$35
40 years$1,148$723$440$261$151$30
41 years$1,108$689$413$241$137$26
42 years$1,069$656$387$222$125$23
43 years$1,033$625$363$205$113$19
44 years$998$596$341$189$103$17
45 years$965$568$320$175$93$15
46 years$933$542$301$161$85$13
47 years$903$517$283$149$77$11
48 years$874$494$266$138$70$9
49 years$847$471$250$127$63$8
50 years$820$450$235$118$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $840,000, adding $6,352 every year, while hoping to spend $43,691 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: 33/42/25 Blend
44$840,000$840,000$840,000$840,000
45$932,232$887,712$874,692$955,712
46$980,833$884,723$857,507$970,950
47$1,032,927$880,123$838,283$982,993
48$1,088,823$873,788$816,903$995,099
49$1,148,864$865,584$793,250$1,007,305
50$1,213,421$855,370$767,197$1,019,651
51$1,282,905$842,999$738,614$1,032,188
52$1,357,767$828,311$707,363$1,044,974
53$1,438,501$811,140$673,301$1,058,078
54$1,525,650$791,308$636,279$1,071,581
55$1,619,812$768,628$596,139$1,085,578
56$1,721,643$742,900$552,720$1,100,178
57$1,831,863$713,915$505,849$1,115,505
58$1,951,266$681,450$455,348$1,131,705
59$2,080,724$645,270$401,031$1,148,942
60$2,221,195$605,125$342,702$1,167,405
61$2,373,734$560,753$280,160$1,187,310
62$2,539,499$511,875$213,190$1,208,900
63$2,719,768$458,197$141,571$1,232,453
64$2,915,943$399,407$65,073$1,258,283
65$3,129,569$335,177$0$1,286,743
66$3,362,345$265,161$0$1,322,653
67$3,616,141$188,991$0$1,380,857
68$3,893,016$106,280$0$1,444,555
69$4,195,235$16,619$0$1,514,390
70$4,525,292$0$0$1,591,078
71$4,885,932$0$0$1,712,586
72$5,280,178$0$0$1,853,934
73$5,711,357$0$0$2,008,650
74$6,183,134$0$0$2,178,063
75$6,699,542$0$0$2,363,640
76$7,265,024$0$0$2,566,993
77$7,884,472$0$0$2,789,898
78$8,563,275$0$0$3,034,315
79$9,307,364$0$0$3,302,396
80$10,123,276$0$0$3,596,518
81$11,018,207$0$0$3,919,294
82$12,000,086$0$0$4,273,605
83$13,077,644$0$0$4,662,623
84$14,260,499$0$0$5,089,845
85$15,559,247$0$0$5,559,120
86$16,985,560$0$0$6,074,689
87$18,552,293$0$0$6,641,225
88$20,273,610$0$0$7,263,876
89$22,165,114$0$0$7,948,313
90$24,243,996$0$0$8,700,783
91$26,529,191$0$0$9,528,170
92$29,041,564$0$0$10,438,057
93$31,804,101$0$0$11,438,800
94$34,842,126$0$0$12,539,606
95$38,183,540$0$0$13,750,615
96$41,859,086$0$0$15,083,005
97$45,902,633$0$0$16,549,088
98$50,351,501$0$0$18,162,432
99$55,246,807$0$0$19,937,984
100$60,633,857$0$0$21,892,217