Can I retire at age 45 with 842,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$69,532$68,912$68,308$67,718$67,142$65,045
2 years$34,422$33,781$33,159$32,557$31,973$29,878
3 years$22,720$22,076$21,456$20,859$20,285$18,259
4 years$16,870$16,228$15,615$15,028$14,467$12,526
5 years$13,361$12,723$12,118$11,543$10,998$9,146
6 years$11,023$10,389$9,793$9,231$8,702$6,941
7 years$9,353$8,725$8,138$7,589$7,077$5,407
8 years$8,101$7,479$6,902$6,367$5,871$4,291
9 years$7,128$6,512$5,944$5,423$4,944$3,452
10 years$6,350$5,740$5,182$4,675$4,213$2,806
11 years$5,714$5,110$4,562$4,068$3,623$2,300
12 years$5,184$4,586$4,049$3,568$3,140$1,897
13 years$4,736$4,145$3,618$3,150$2,738$1,573
14 years$4,353$3,767$3,250$2,797$2,400$1,309
15 years$4,021$3,442$2,935$2,494$2,113$1,094
16 years$3,730$3,158$2,661$2,233$1,868$916
17 years$3,474$2,908$2,421$2,006$1,656$769
18 years$3,247$2,687$2,210$1,808$1,472$647
19 years$3,044$2,490$2,023$1,634$1,312$545
20 years$2,862$2,314$1,857$1,480$1,172$460
21 years$2,697$2,156$1,708$1,343$1,049$388
22 years$2,547$2,012$1,574$1,221$940$328
23 years$2,411$1,882$1,453$1,112$844$278
24 years$2,286$1,763$1,344$1,014$759$235
25 years$2,171$1,655$1,245$926$683$199
26 years$2,065$1,555$1,155$847$615$169
27 years$1,967$1,464$1,072$775$554$143
28 years$1,877$1,379$997$710$500$121
29 years$1,792$1,301$928$651$452$103
30 years$1,714$1,229$864$598$408$87
31 years$1,641$1,162$806$549$369$74
32 years$1,572$1,099$752$505$334$63
33 years$1,508$1,041$702$464$302$53
34 years$1,448$986$656$427$274$45
35 years$1,391$936$613$393$248$39
36 years$1,337$888$573$362$224$33
37 years$1,287$843$537$333$203$28
38 years$1,239$802$503$307$184$24
39 years$1,194$762$471$283$167$20
40 years$1,151$725$441$261$152$17
41 years$1,111$690$414$241$138$14
42 years$1,072$657$388$223$125$12
43 years$1,035$626$364$205$113$10
44 years$1,000$597$342$190$103$9
45 years$967$569$321$175$93$8
46 years$935$543$302$162$85$6
47 years$905$518$283$150$77$5
48 years$876$495$266$138$70$5
49 years$849$473$250$128$64$4
50 years$822$451$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $842,000, adding $5,304 every year, while hoping to spend $20,286 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: 49/27/24 Blend
44$842,000$842,000$842,000$842,000
45$933,355$888,729$875,678$972,521
46$1,006,973$910,693$883,429$1,022,344
47$1,087,420$933,053$890,760$1,073,984
48$1,175,372$955,807$897,635$1,129,676
49$1,271,571$978,953$904,017$1,189,812
50$1,376,836$1,002,486$909,867$1,254,823
51$1,492,069$1,026,403$915,143$1,325,183
52$1,618,261$1,050,699$919,801$1,401,418
53$1,756,506$1,075,365$923,797$1,484,103
54$1,908,008$1,100,396$927,082$1,573,875
55$2,074,091$1,125,781$929,605$1,671,435
56$2,256,216$1,151,512$931,315$1,777,554
57$2,455,990$1,177,577$932,154$1,893,085
58$2,675,185$1,203,962$932,065$2,018,965
59$2,915,751$1,230,654$930,987$2,156,229
60$3,179,838$1,257,636$928,855$2,306,016
61$3,469,812$1,284,890$925,602$2,469,584
62$3,788,281$1,312,398$921,158$2,648,316
63$4,138,117$1,340,137$915,448$2,843,740
64$4,522,484$1,368,082$908,394$3,057,538
65$4,944,868$1,396,209$899,917$3,291,566
66$5,409,110$1,424,489$889,929$3,547,867
67$5,919,440$1,452,890$878,343$3,828,695
68$6,480,520$1,481,379$865,064$4,136,535
69$7,097,485$1,509,918$849,996$4,474,126
70$7,775,993$1,538,469$833,035$4,844,484
71$8,522,277$1,566,987$814,075$5,250,939
72$9,343,207$1,595,426$793,003$5,697,158
73$10,246,348$1,623,736$769,703$6,187,184
74$11,240,038$1,651,862$744,051$6,725,472
75$12,333,465$1,679,746$715,920$7,316,936
76$13,536,750$1,707,326$685,175$7,966,991
77$14,861,047$1,734,532$651,676$8,681,604
78$16,318,643$1,761,294$615,277$9,467,354
79$17,923,080$1,787,533$575,824$10,331,495
80$19,689,277$1,813,165$533,157$11,282,017
81$21,633,675$1,838,102$487,110$12,327,734
82$23,774,389$1,862,247$437,506$13,478,355
83$26,131,378$1,885,499$384,165$14,744,585
84$28,726,639$1,907,749$326,894$16,138,222
85$31,584,406$1,928,879$265,496$17,672,273
86$34,731,387$1,948,766$199,762$19,361,070
87$38,197,010$1,967,276$129,474$21,220,412
88$42,013,701$1,984,268$54,408$23,267,715
89$46,217,193$1,999,592$0$25,522,172
90$50,846,861$2,013,087$0$28,011,519
91$55,946,095$2,024,582$0$30,767,788
92$61,562,705$2,033,895$0$33,802,797
93$67,749,377$2,040,832$0$37,144,941
94$74,564,169$2,045,189$0$40,825,510
95$82,071,058$2,046,746$0$44,878,988
96$90,340,541$2,045,272$0$49,343,377
97$99,450,306$2,040,520$0$54,260,555
98$109,485,961$2,032,229$0$59,676,675
99$120,541,842$2,020,121$0$65,642,597
100$132,721,904$2,003,901$0$72,214,371