Can I retire at age 45 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$69,449$68,830$68,227$67,638$67,063$65,601
2 years$34,381$33,740$33,120$32,518$31,935$30,470
3 years$22,693$22,050$21,431$20,835$20,261$18,838
4 years$16,850$16,209$15,596$15,010$14,450$13,080
5 years$13,345$12,708$12,103$11,529$10,985$9,672
6 years$11,009$10,377$9,781$9,220$8,692$7,438
7 years$9,342$8,715$8,128$7,580$7,069$5,873
8 years$8,091$7,470$6,893$6,359$5,864$4,727
9 years$7,120$6,504$5,937$5,416$4,939$3,858
10 years$6,343$5,733$5,176$4,669$4,208$3,184
11 years$5,707$5,104$4,557$4,063$3,619$2,650
12 years$5,178$4,581$4,044$3,564$3,136$2,220
13 years$4,731$4,140$3,613$3,147$2,735$1,871
14 years$4,348$3,763$3,247$2,793$2,397$1,583
15 years$4,016$3,437$2,931$2,491$2,111$1,345
16 years$3,726$3,154$2,658$2,230$1,865$1,146
17 years$3,470$2,905$2,418$2,004$1,654$979
18 years$3,243$2,684$2,208$1,806$1,471$839
19 years$3,041$2,487$2,021$1,632$1,311$719
20 years$2,858$2,311$1,855$1,478$1,171$618
21 years$2,694$2,153$1,706$1,341$1,048$532
22 years$2,544$2,010$1,572$1,220$939$458
23 years$2,408$1,880$1,452$1,111$843$395
24 years$2,283$1,761$1,343$1,013$758$341
25 years$2,168$1,653$1,244$925$682$294
26 years$2,063$1,553$1,153$846$614$254
27 years$1,965$1,462$1,071$774$554$220
28 years$1,874$1,378$996$709$500$190
29 years$1,790$1,300$926$651$451$164
30 years$1,712$1,227$863$597$408$142
31 years$1,639$1,160$805$548$369$123
32 years$1,570$1,098$751$504$333$107
33 years$1,506$1,040$701$463$302$92
34 years$1,446$985$655$426$273$80
35 years$1,389$935$612$393$247$69
36 years$1,336$887$573$362$224$60
37 years$1,285$842$536$333$203$52
38 years$1,238$801$502$307$184$45
39 years$1,193$761$470$283$167$39
40 years$1,150$724$441$261$152$34
41 years$1,109$689$413$241$137$29
42 years$1,071$657$388$222$125$25
43 years$1,034$626$364$205$113$22
44 years$999$596$342$189$103$19
45 years$966$569$321$175$93$17
46 years$934$543$301$162$85$14
47 years$904$518$283$149$77$12
48 years$875$494$266$138$70$11
49 years$848$472$250$128$63$9
50 years$821$451$235$118$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $841,000, adding $5,094 every year, while hoping to spend $52,244 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: 28/44/28 Blend
44$841,000$841,000$841,000$841,000
45$932,036$887,463$874,428$949,936
46$971,517$875,362$848,134$952,544
47$1,013,273$860,916$819,208$950,494
48$1,057,483$843,957$787,507$947,242
49$1,104,339$824,304$752,882$942,719
50$1,154,052$801,765$715,174$936,858
51$1,206,854$776,140$674,221$929,591
52$1,262,997$747,215$629,851$920,845
53$1,322,758$714,763$581,886$910,552
54$1,386,438$678,546$530,138$898,639
55$1,454,370$638,310$474,413$885,037
56$1,526,916$593,787$414,506$869,674
57$1,604,474$544,696$350,205$852,481
58$1,687,480$490,736$281,287$833,390
59$1,776,413$431,591$207,519$812,337
60$1,871,796$366,928$128,660$789,258
61$1,974,204$296,393$44,455$764,095
62$2,084,271$219,613$0$736,794
63$2,202,688$136,196$0$720,874
64$2,330,217$45,724$0$717,785
65$2,467,694$0$0$714,284
66$2,616,037$0$0$735,736
67$2,776,255$0$0$782,922
68$2,949,457$0$0$834,043
69$3,136,861$0$0$889,473
70$3,339,808$0$0$949,623
71$3,559,768$0$0$1,014,946
72$3,798,363$0$0$1,085,938
73$4,057,373$0$0$1,163,146
74$4,338,756$0$0$1,247,172
75$4,644,668$0$0$1,338,679
76$4,977,478$0$0$1,438,395
77$5,339,795$0$0$1,547,122
78$5,734,489$0$0$1,665,742
79$6,164,718$0$0$1,795,227
80$6,633,958$0$0$1,936,647
81$7,146,034$0$0$2,091,177
82$7,705,157$0$0$2,260,116
83$8,315,962$0$0$2,444,888
84$8,983,554$0$0$2,647,066
85$9,713,550$0$0$2,868,379
86$10,512,136$0$0$3,110,733
87$11,386,124$0$0$3,376,224
88$12,343,013$0$0$3,667,164
89$13,391,064$0$0$3,986,097
90$14,539,371$0$0$4,335,824
91$15,797,952$0$0$4,719,433
92$17,177,839$0$0$5,140,322
93$18,691,182$0$0$5,602,237
94$20,351,363$0$0$6,109,302
95$22,173,124$0$0$6,666,059
96$24,172,701$0$0$7,277,515
97$26,367,979$0$0$7,949,182
98$28,778,660$0$0$8,687,133
99$31,426,447$0$0$9,498,061
100$34,335,248$0$0$10,389,336