Can I retire at age 45 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$69,697$69,076$68,470$67,879$67,302$66,571
2 years$34,503$33,861$33,238$32,634$32,048$31,313
3 years$22,774$22,128$21,507$20,909$20,333$19,615
4 years$16,910$16,267$15,652$15,064$14,502$13,807
5 years$13,393$12,753$12,146$11,570$11,024$10,355
6 years$11,049$10,414$9,816$9,253$8,723$8,080
7 years$9,375$8,746$8,157$7,607$7,094$6,478
8 years$8,120$7,497$6,918$6,382$5,885$5,295
9 years$7,145$6,527$5,958$5,436$4,956$4,392
10 years$6,365$5,753$5,195$4,686$4,223$3,685
11 years$5,728$5,122$4,573$4,078$3,632$3,119
12 years$5,197$4,597$4,059$3,577$3,147$2,660
13 years$4,748$4,154$3,626$3,158$2,744$2,281
14 years$4,363$3,776$3,258$2,803$2,406$1,966
15 years$4,030$3,450$2,942$2,500$2,118$1,701
16 years$3,739$3,165$2,667$2,238$1,872$1,477
17 years$3,483$2,915$2,427$2,011$1,660$1,287
18 years$3,255$2,693$2,215$1,813$1,476$1,123
19 years$3,051$2,496$2,028$1,638$1,316$983
20 years$2,868$2,320$1,861$1,483$1,175$862
21 years$2,703$2,161$1,712$1,346$1,052$757
22 years$2,553$2,017$1,578$1,224$943$665
23 years$2,416$1,886$1,457$1,115$846$586
24 years$2,291$1,767$1,347$1,017$760$516
25 years$2,176$1,659$1,248$929$684$455
26 years$2,070$1,559$1,157$849$616$402
27 years$1,972$1,467$1,075$777$556$355
28 years$1,881$1,382$999$712$501$314
29 years$1,797$1,304$930$653$453$277
30 years$1,718$1,232$866$599$409$245
31 years$1,645$1,164$807$550$370$217
32 years$1,576$1,102$753$506$335$192
33 years$1,511$1,043$703$465$303$170
34 years$1,451$989$657$428$274$151
35 years$1,394$938$614$394$248$134
36 years$1,340$890$575$363$225$119
37 years$1,290$845$538$334$204$105
38 years$1,242$803$504$308$185$93
39 years$1,197$764$472$284$168$83
40 years$1,154$727$442$262$152$73
41 years$1,113$692$415$242$138$65
42 years$1,075$659$389$223$125$58
43 years$1,038$628$365$206$114$51
44 years$1,003$599$343$190$103$46
45 years$969$571$322$176$94$40
46 years$938$544$302$162$85$36
47 years$907$520$284$150$77$32
48 years$878$496$267$138$70$28
49 years$851$474$251$128$64$25
50 years$824$452$236$118$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $844,000, adding $6,945 every year, while hoping to spend $59,726 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: 39/42/19 Blend
44$844,000$844,000$844,000$844,000
45$937,252$892,520$879,438$968,251
46$969,303$872,705$845,351$971,321
47$1,002,623$849,918$808,120$968,424
48$1,037,276$823,949$767,578$964,053
49$1,073,333$794,579$723,547$958,106
50$1,110,872$761,571$675,845$950,476
51$1,149,973$724,681$624,278$941,053
52$1,190,725$683,645$568,646$929,720
53$1,233,223$638,188$508,740$916,354
54$1,277,569$588,015$444,339$900,828
55$1,323,872$532,819$375,216$883,008
56$1,372,251$472,272$301,130$862,753
57$1,422,836$406,029$221,833$839,919
58$1,475,765$333,724$137,064$814,353
59$1,531,189$254,972$46,551$785,897
60$1,589,269$169,365$0$754,385
61$1,650,184$76,473$0$729,790
62$1,714,125$0$0$712,522
63$1,781,300$0$0$704,174
64$1,851,935$0$0$732,597
65$1,926,276$0$0$762,553
66$2,004,592$0$0$794,154
67$2,087,174$0$0$827,523
68$2,174,339$0$0$862,796
69$2,266,436$0$0$900,119
70$2,363,841$0$0$939,652
71$2,466,967$0$0$981,571
72$2,576,266$0$0$1,026,067
73$2,692,230$0$0$1,073,350
74$2,815,397$0$0$1,123,647
75$2,946,358$0$0$1,177,211
76$3,085,755$0$0$1,234,316
77$3,234,296$0$0$1,295,261
78$3,392,752$0$0$1,360,377
79$3,561,970$0$0$1,430,024
80$3,742,878$0$0$1,504,599
81$3,936,493$0$0$1,584,534
82$4,143,929$0$0$1,670,306
83$4,366,410$0$0$1,762,438
84$4,605,278$0$0$1,861,502
85$4,862,005$0$0$1,968,129
86$5,138,209$0$0$2,083,010
87$5,435,664$0$0$2,206,904
88$5,756,320$0$0$2,340,645
89$6,102,320$0$0$2,485,149
90$6,476,015$0$0$2,641,424
91$6,879,992$0$0$2,810,578
92$7,317,092$0$0$2,993,826
93$7,790,440$0$0$3,192,508
94$8,303,469$0$0$3,408,094
95$8,859,958$0$0$3,642,204
96$9,464,059$0$0$3,896,617
97$10,120,340$0$0$4,173,292
98$10,833,826$0$0$4,474,383
99$11,610,047$0$0$4,802,261
100$12,455,084$0$0$5,159,534