Can I retire at age 45 with 844,000?

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 $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%13.9%
1 years$69,697$69,076$68,470$67,879$67,302$66,214
2 years$34,503$33,861$33,238$32,634$32,048$30,956
3 years$22,774$22,128$21,507$20,909$20,333$19,269
4 years$16,910$16,267$15,652$15,064$14,502$13,475
5 years$13,393$12,753$12,146$11,570$11,024$10,037
6 years$11,049$10,414$9,816$9,253$8,723$7,777
7 years$9,375$8,746$8,157$7,607$7,094$6,190
8 years$8,120$7,497$6,918$6,382$5,885$5,022
9 years$7,145$6,527$5,958$5,436$4,956$4,134
10 years$6,365$5,753$5,195$4,686$4,223$3,441
11 years$5,728$5,122$4,573$4,078$3,632$2,889
12 years$5,197$4,597$4,059$3,577$3,147$2,443
13 years$4,748$4,154$3,626$3,158$2,744$2,078
14 years$4,363$3,776$3,258$2,803$2,406$1,775
15 years$4,030$3,450$2,942$2,500$2,118$1,523
16 years$3,739$3,165$2,667$2,238$1,872$1,310
17 years$3,483$2,915$2,427$2,011$1,660$1,131
18 years$3,255$2,693$2,215$1,813$1,476$978
19 years$3,051$2,496$2,028$1,638$1,316$848
20 years$2,868$2,320$1,861$1,483$1,175$736
21 years$2,703$2,161$1,712$1,346$1,052$640
22 years$2,553$2,017$1,578$1,224$943$557
23 years$2,416$1,886$1,457$1,115$846$486
24 years$2,291$1,767$1,347$1,017$760$424
25 years$2,176$1,659$1,248$929$684$370
26 years$2,070$1,559$1,157$849$616$323
27 years$1,972$1,467$1,075$777$556$282
28 years$1,881$1,382$999$712$501$247
29 years$1,797$1,304$930$653$453$216
30 years$1,718$1,232$866$599$409$189
31 years$1,645$1,164$807$550$370$166
32 years$1,576$1,102$753$506$335$145
33 years$1,511$1,043$703$465$303$127
34 years$1,451$989$657$428$274$112
35 years$1,394$938$614$394$248$98
36 years$1,340$890$575$363$225$86
37 years$1,290$845$538$334$204$75
38 years$1,242$803$504$308$185$66
39 years$1,197$764$472$284$168$58
40 years$1,154$727$442$262$152$51
41 years$1,113$692$415$242$138$45
42 years$1,075$659$389$223$125$39
43 years$1,038$628$365$206$114$34
44 years$1,003$599$343$190$103$30
45 years$969$571$322$176$94$26
46 years$938$544$302$162$85$23
47 years$907$520$284$150$77$20
48 years$878$496$267$138$70$18
49 years$851$474$251$128$64$16
50 years$824$452$236$118$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $844,000, adding $6,302 every year, while hoping to spend $33,730 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: 24/49/27 Blend
44$844,000$844,000$844,000$844,000
45$936,589$891,857$878,775$950,976
46$996,232$899,669$872,325$971,405
47$1,060,829$906,734$864,529$990,011
48$1,130,848$912,979$855,306$1,009,233
49$1,206,807$918,327$844,570$1,029,145
50$1,289,273$922,696$832,235$1,049,831
51$1,378,870$926,000$818,206$1,071,384
52$1,476,286$928,146$802,388$1,093,914
53$1,582,277$929,034$784,678$1,117,540
54$1,697,675$928,562$764,970$1,142,399
55$1,823,394$926,618$743,152$1,168,645
56$1,960,442$923,084$719,110$1,196,452
57$2,109,928$917,836$692,721$1,226,015
58$2,273,070$910,740$663,857$1,257,553
59$2,451,214$901,656$632,386$1,291,312
60$2,645,836$890,436$598,169$1,327,567
61$2,858,564$876,920$561,061$1,366,628
62$3,091,190$860,942$520,909$1,408,840
63$3,345,688$842,324$477,556$1,454,589
64$3,624,229$820,879$430,835$1,504,307
65$3,929,205$796,407$380,573$1,558,477
66$4,263,251$768,698$326,589$1,617,636
67$4,629,268$737,530$268,695$1,682,385
68$5,030,450$702,665$206,693$1,753,392
69$5,470,316$663,856$140,377$1,831,403
70$5,952,742$620,838$69,533$1,917,248
71$6,481,995$573,333$0$2,011,848
72$7,062,777$521,045$0$2,117,980
73$7,700,267$463,663$0$2,256,528
74$8,400,169$400,857$0$2,408,777
75$9,168,767$332,280$0$2,576,209
76$10,012,983$257,564$0$2,760,467
77$10,940,443$176,320$0$2,963,367
78$11,959,547$88,139$0$3,186,918
79$13,079,550$0$0$3,433,346
80$14,310,647$0$0$3,709,109
81$15,664,071$0$0$4,064,676
82$17,152,197$0$0$4,455,793
83$18,788,659$0$0$4,886,065
84$20,588,479$0$0$5,359,462
85$22,568,207$0$0$5,880,359
86$24,746,078$0$0$6,453,575
87$27,142,183$0$0$7,084,422
88$29,778,658$0$0$7,778,751
89$32,679,896$0$0$8,543,011
90$35,872,770$0$0$9,384,307
91$39,386,891$0$0$10,310,468
92$43,254,889$0$0$11,330,119
93$47,512,715$0$0$12,452,765
94$52,199,982$0$0$13,688,882
95$57,360,341$0$0$15,050,009
96$63,041,890$0$0$16,548,864
97$69,297,627$0$0$18,199,461
98$76,185,950$0$0$20,017,241
99$83,771,212$0$0$22,019,220
100$92,124,321$0$0$24,224,148