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%16.8%
1 years$69,449$68,830$68,227$67,638$67,063$65,203
2 years$34,381$33,740$33,120$32,518$31,935$30,075
3 years$22,693$22,050$21,431$20,835$20,261$18,460
4 years$16,850$16,209$15,596$15,010$14,450$12,721
5 years$13,345$12,708$12,103$11,529$10,985$9,332
6 years$11,009$10,377$9,781$9,220$8,692$7,118
7 years$9,342$8,715$8,128$7,580$7,069$5,573
8 years$8,091$7,470$6,893$6,359$5,864$4,446
9 years$7,120$6,504$5,937$5,416$4,939$3,597
10 years$6,343$5,733$5,176$4,669$4,208$2,940
11 years$5,707$5,104$4,557$4,063$3,619$2,424
12 years$5,178$4,581$4,044$3,564$3,136$2,011
13 years$4,731$4,140$3,613$3,147$2,735$1,678
14 years$4,348$3,763$3,247$2,793$2,397$1,405
15 years$4,016$3,437$2,931$2,491$2,111$1,181
16 years$3,726$3,154$2,658$2,230$1,865$996
17 years$3,470$2,905$2,418$2,004$1,654$842
18 years$3,243$2,684$2,208$1,806$1,471$713
19 years$3,041$2,487$2,021$1,632$1,311$605
20 years$2,858$2,311$1,855$1,478$1,171$514
21 years$2,694$2,153$1,706$1,341$1,048$437
22 years$2,544$2,010$1,572$1,220$939$372
23 years$2,408$1,880$1,452$1,111$843$317
24 years$2,283$1,761$1,343$1,013$758$270
25 years$2,168$1,653$1,244$925$682$230
26 years$2,063$1,553$1,153$846$614$197
27 years$1,965$1,462$1,071$774$554$168
28 years$1,874$1,378$996$709$500$143
29 years$1,790$1,300$926$651$451$123
30 years$1,712$1,227$863$597$408$105
31 years$1,639$1,160$805$548$369$90
32 years$1,570$1,098$751$504$333$77
33 years$1,506$1,040$701$463$302$66
34 years$1,446$985$655$426$273$56
35 years$1,389$935$612$393$247$48
36 years$1,336$887$573$362$224$41
37 years$1,285$842$536$333$203$35
38 years$1,238$801$502$307$184$30
39 years$1,193$761$470$283$167$26
40 years$1,150$724$441$261$152$22
41 years$1,109$689$413$241$137$19
42 years$1,071$657$388$222$125$16
43 years$1,034$626$364$205$113$14
44 years$999$596$342$189$103$12
45 years$966$569$321$175$93$10
46 years$934$543$301$162$85$9
47 years$904$518$283$149$77$7
48 years$875$494$266$138$70$6
49 years$848$472$250$128$63$5
50 years$821$451$235$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $841,000, adding $2,194 every year, while hoping to spend $42,479 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: 56/16/28 Blend
44$841,000$841,000$841,000$841,000
45$929,045$884,472$871,437$973,790
46$978,610$882,614$855,432$1,002,963
47$1,031,808$879,241$837,468$1,030,133
48$1,088,962$874,234$817,434$1,058,876
49$1,150,432$867,467$795,214$1,089,357
50$1,216,609$858,806$770,686$1,121,761
51$1,287,925$848,109$743,725$1,156,293
52$1,364,852$835,225$714,199$1,193,184
53$1,447,910$819,995$681,969$1,232,685
54$1,537,672$802,250$646,889$1,275,081
55$1,634,765$781,810$608,811$1,320,685
56$1,739,879$758,487$567,574$1,369,845
57$1,853,774$732,080$523,014$1,422,949
58$1,977,283$702,376$474,960$1,480,426
59$2,111,324$669,151$423,229$1,542,753
60$2,256,907$632,167$367,635$1,610,459
61$2,415,142$591,173$307,981$1,684,129
62$2,587,249$545,904$244,061$1,764,413
63$2,774,573$496,077$175,662$1,852,032
64$2,978,592$441,398$102,559$1,947,783
65$3,200,933$381,550$24,519$2,052,551
66$3,443,386$316,204$0$2,167,314
67$3,707,921$245,009$0$2,310,713
68$3,996,709$167,594$0$2,475,349
69$4,312,136$83,569$0$2,655,297
70$4,656,832$0$0$2,852,109
71$5,033,689$0$0$3,068,815
72$5,445,895$0$0$3,322,011
73$5,896,957$0$0$3,599,150
74$6,390,737$0$0$3,902,612
75$6,931,491$0$0$4,235,023
76$7,523,902$0$0$4,599,272
77$8,173,128$0$0$4,998,540
78$8,884,852$0$0$5,436,334
79$9,665,331$0$0$5,916,512
80$10,521,457$0$0$6,443,328
81$11,460,821$0$0$7,021,463
82$12,491,785$0$0$7,656,078
83$13,623,559$0$0$8,352,853
84$14,866,288$0$0$9,118,049
85$16,231,150$0$0$9,958,561
86$17,730,455$0$0$10,881,985
87$19,377,766$0$0$11,896,689
88$21,188,026$0$0$13,011,892
89$23,177,694$0$0$14,237,751
90$25,364,907$0$0$15,585,455
91$27,769,642$0$0$17,067,331
92$30,413,911$0$0$18,696,962
93$33,321,967$0$0$20,489,311
94$36,520,529$0$0$22,460,866
95$40,039,034$0$0$24,629,790
96$43,909,920$0$0$27,016,100
97$48,168,924$0$0$29,641,846
98$52,855,422$0$0$32,531,327
99$58,012,802$0$0$35,711,314
100$63,688,866$0$0$39,211,307