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%17.2%
1 years$69,532$68,912$68,308$67,718$67,142$65,176
2 years$34,422$33,781$33,159$32,557$31,973$30,007
3 years$22,720$22,076$21,456$20,859$20,285$18,382
4 years$16,870$16,228$15,615$15,028$14,467$12,642
5 years$13,361$12,723$12,118$11,543$10,998$9,255
6 years$11,023$10,389$9,793$9,231$8,702$7,043
7 years$9,353$8,725$8,138$7,589$7,077$5,502
8 years$8,101$7,479$6,902$6,367$5,871$4,379
9 years$7,128$6,512$5,944$5,423$4,944$3,534
10 years$6,350$5,740$5,182$4,675$4,213$2,882
11 years$5,714$5,110$4,562$4,068$3,623$2,370
12 years$5,184$4,586$4,049$3,568$3,140$1,961
13 years$4,736$4,145$3,618$3,150$2,738$1,631
14 years$4,353$3,767$3,250$2,797$2,400$1,363
15 years$4,021$3,442$2,935$2,494$2,113$1,142
16 years$3,730$3,158$2,661$2,233$1,868$960
17 years$3,474$2,908$2,421$2,006$1,656$809
18 years$3,247$2,687$2,210$1,808$1,472$683
19 years$3,044$2,490$2,023$1,634$1,312$578
20 years$2,862$2,314$1,857$1,480$1,172$489
21 years$2,697$2,156$1,708$1,343$1,049$415
22 years$2,547$2,012$1,574$1,221$940$352
23 years$2,411$1,882$1,453$1,112$844$299
24 years$2,286$1,763$1,344$1,014$759$254
25 years$2,171$1,655$1,245$926$683$216
26 years$2,065$1,555$1,155$847$615$184
27 years$1,967$1,464$1,072$775$554$157
28 years$1,877$1,379$997$710$500$133
29 years$1,792$1,301$928$651$452$114
30 years$1,714$1,229$864$598$408$97
31 years$1,641$1,162$806$549$369$82
32 years$1,572$1,099$752$505$334$70
33 years$1,508$1,041$702$464$302$60
34 years$1,448$986$656$427$274$51
35 years$1,391$936$613$393$248$44
36 years$1,337$888$573$362$224$37
37 years$1,287$843$537$333$203$32
38 years$1,239$802$503$307$184$27
39 years$1,194$762$471$283$167$23
40 years$1,151$725$441$261$152$20
41 years$1,111$690$414$241$138$17
42 years$1,072$657$388$223$125$14
43 years$1,035$626$364$205$113$12
44 years$1,000$597$342$190$103$10
45 years$967$569$321$175$93$9
46 years$935$543$302$162$85$8
47 years$905$518$283$150$77$6
48 years$876$495$266$138$70$6
49 years$849$473$250$128$64$5
50 years$822$451$235$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $842,000, adding $3,730 every year, while hoping to spend $50,839 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: 64/29/7 Blend
44$842,000$842,000$842,000$842,000
45$931,731$887,105$874,054$989,917
46$972,676$876,481$849,243$1,018,508
47$1,016,093$863,633$821,896$1,043,382
48$1,062,180$848,397$791,876$1,069,223
49$1,111,156$830,602$759,037$1,096,124
50$1,163,257$810,064$723,228$1,124,185
51$1,218,743$786,592$684,291$1,153,519
52$1,277,900$759,979$642,059$1,184,252
53$1,341,038$730,010$596,360$1,216,527
54$1,408,499$696,456$547,013$1,250,502
55$1,480,657$659,074$493,830$1,286,352
56$1,557,923$617,607$436,612$1,324,277
57$1,640,746$571,785$375,153$1,364,495
58$1,729,621$521,321$309,240$1,407,253
59$1,825,089$465,913$238,646$1,452,824
60$1,927,744$405,239$163,137$1,501,513
61$2,038,240$338,962$82,468$1,553,661
62$2,157,294$266,724$0$1,609,645
63$2,285,692$188,148$0$1,670,159
64$2,424,300$102,834$0$1,741,991
65$2,574,068$10,363$0$1,819,517
66$2,736,041$0$0$1,903,338
67$2,911,367$0$0$2,022,752
68$3,101,308$0$0$2,155,750
69$3,307,252$0$0$2,300,005
70$3,530,725$0$0$2,456,591
71$3,773,405$0$0$2,626,691
72$4,037,139$0$0$2,811,607
73$4,323,958$0$0$3,012,770
74$4,636,095$0$0$3,231,754
75$4,976,010$0$0$3,470,292
76$5,346,408$0$0$3,730,292
77$5,750,266$0$0$4,013,852
78$6,190,861$0$0$4,323,281
79$6,671,799$0$0$4,661,123
80$7,197,052$0$0$5,030,176
81$7,770,990$0$0$5,433,521
82$8,398,424$0$0$5,874,551
83$9,084,653$0$0$6,357,000
84$9,835,509$0$0$6,884,982
85$10,657,415$0$0$7,463,024
86$11,557,444$0$0$8,096,113
87$12,543,384$0$0$8,789,741
88$13,623,814$0$0$9,549,956
89$14,808,179$0$0$10,383,417
90$16,106,884$0$0$11,297,462
91$17,531,387$0$0$12,300,170
92$19,094,310$0$0$13,400,441
93$20,809,555$0$0$14,608,077
94$22,692,434$0$0$15,933,877
95$24,759,817$0$0$17,389,736
96$27,030,285$0$0$18,988,756
97$29,524,307$0$0$20,745,372
98$32,264,433$0$0$22,675,486
99$35,275,504$0$0$24,796,615
100$38,584,888$0$0$27,128,059