Can I retire at age 45 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$69,532$68,912$68,308$67,718$67,142$66,719
2 years$34,422$33,781$33,159$32,557$31,973$31,546
3 years$22,720$22,076$21,456$20,859$20,285$19,867
4 years$16,870$16,228$15,615$15,028$14,467$14,063
5 years$13,361$12,723$12,118$11,543$10,998$10,607
6 years$11,023$10,389$9,793$9,231$8,702$8,326
7 years$9,353$8,725$8,138$7,589$7,077$6,716
8 years$8,101$7,479$6,902$6,367$5,871$5,524
9 years$7,128$6,512$5,944$5,423$4,944$4,612
10 years$6,350$5,740$5,182$4,675$4,213$3,895
11 years$5,714$5,110$4,562$4,068$3,623$3,319
12 years$5,184$4,586$4,049$3,568$3,140$2,850
13 years$4,736$4,145$3,618$3,150$2,738$2,462
14 years$4,353$3,767$3,250$2,797$2,400$2,137
15 years$4,021$3,442$2,935$2,494$2,113$1,863
16 years$3,730$3,158$2,661$2,233$1,868$1,630
17 years$3,474$2,908$2,421$2,006$1,656$1,431
18 years$3,247$2,687$2,210$1,808$1,472$1,259
19 years$3,044$2,490$2,023$1,634$1,312$1,110
20 years$2,862$2,314$1,857$1,480$1,172$981
21 years$2,697$2,156$1,708$1,343$1,049$868
22 years$2,547$2,012$1,574$1,221$940$770
23 years$2,411$1,882$1,453$1,112$844$683
24 years$2,286$1,763$1,344$1,014$759$607
25 years$2,171$1,655$1,245$926$683$540
26 years$2,065$1,555$1,155$847$615$481
27 years$1,967$1,464$1,072$775$554$429
28 years$1,877$1,379$997$710$500$382
29 years$1,792$1,301$928$651$452$341
30 years$1,714$1,229$864$598$408$305
31 years$1,641$1,162$806$549$369$272
32 years$1,572$1,099$752$505$334$243
33 years$1,508$1,041$702$464$302$217
34 years$1,448$986$656$427$274$194
35 years$1,391$936$613$393$248$174
36 years$1,337$888$573$362$224$156
37 years$1,287$843$537$333$203$139
38 years$1,239$802$503$307$184$125
39 years$1,194$762$471$283$167$112
40 years$1,151$725$441$261$152$100
41 years$1,111$690$414$241$138$89
42 years$1,072$657$388$223$125$80
43 years$1,035$626$364$205$113$72
44 years$1,000$597$342$190$103$64
45 years$967$569$321$175$93$58
46 years$935$543$302$162$85$52
47 years$905$518$283$150$77$46
48 years$876$495$266$138$70$42
49 years$849$473$250$128$64$37
50 years$822$451$235$118$58$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $842,000, adding $4,422 every year, while hoping to spend $52,186 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: 50/45/5 Blend
44$842,000$842,000$842,000$842,000
45$932,445$887,819$874,768$977,735
46$972,029$875,797$848,548$997,006
47$1,013,902$861,436$819,699$1,011,939
48$1,058,241$844,568$788,081$1,026,908
49$1,105,242$825,012$753,542$1,041,928
50$1,155,117$802,579$715,926$1,057,019
51$1,208,100$777,066$675,070$1,072,206
52$1,264,444$748,260$630,803$1,087,519
53$1,324,429$715,936$582,947$1,102,997
54$1,388,359$679,855$531,314$1,118,685
55$1,456,568$639,765$475,709$1,134,638
56$1,529,423$595,398$415,930$1,150,921
57$1,607,323$546,472$351,763$1,167,611
58$1,690,710$492,688$282,986$1,184,798
59$1,780,064$433,732$209,368$1,202,587
60$1,875,914$369,269$130,666$1,221,099
61$1,978,841$298,947$46,627$1,240,476
62$2,089,482$222,394$0$1,260,878
63$2,208,535$139,217$0$1,284,789
64$2,336,769$49,002$0$1,312,927
65$2,475,025$0$0$1,343,061
66$2,624,231$0$0$1,399,593
67$2,785,403$0$0$1,486,939
68$2,959,660$0$0$1,581,448
69$3,148,231$0$0$1,683,797
70$3,352,467$0$0$1,794,729
71$3,573,853$0$0$1,915,059
72$3,814,023$0$0$2,045,687
73$4,074,772$0$0$2,187,601
74$4,358,077$0$0$2,341,888
75$4,666,111$0$0$2,509,743
76$5,001,265$0$0$2,692,483
77$5,366,170$0$0$2,891,554
78$5,763,721$0$0$3,108,551
79$6,197,103$0$0$3,345,226
80$6,669,823$0$0$3,603,509
81$7,185,740$0$0$3,885,525
82$7,749,102$0$0$4,193,612
83$8,364,584$0$0$4,530,344
84$9,037,336$0$0$4,898,556
85$9,773,024$0$0$5,301,369
86$10,577,890$0$0$5,742,217
87$11,458,805$0$0$6,224,886
88$12,423,335$0$0$6,753,541
89$13,479,813$0$0$7,332,771
90$14,637,414$0$0$7,967,630
91$15,906,245$0$0$8,663,681
92$17,297,434$0$0$9,427,056
93$18,823,240$0$0$10,264,505
94$20,497,165$0$0$11,183,464
95$22,334,080$0$0$12,192,124
96$24,350,366$0$0$13,299,508
97$26,564,066$0$0$14,515,554
98$28,995,058$0$0$15,851,211
99$31,665,236$0$0$17,318,540
100$34,598,722$0$0$18,930,827