Can I retire at age 45 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$69,862$69,240$68,632$68,040$67,461$65,433
2 years$34,585$33,941$33,317$32,711$32,124$30,098
3 years$22,828$22,181$21,558$20,959$20,381$18,420
4 years$16,950$16,305$15,689$15,099$14,536$12,655
5 years$13,425$12,784$12,175$11,598$11,050$9,255
6 years$11,075$10,439$9,839$9,275$8,743$7,036
7 years$9,397$8,766$8,177$7,625$7,111$5,490
8 years$8,140$7,514$6,934$6,397$5,899$4,364
9 years$7,162$6,543$5,973$5,449$4,968$3,518
10 years$6,380$5,767$5,207$4,697$4,233$2,865
11 years$5,741$5,134$4,584$4,088$3,640$2,353
12 years$5,209$4,608$4,068$3,585$3,155$1,944
13 years$4,759$4,164$3,635$3,165$2,751$1,615
14 years$4,373$3,785$3,266$2,810$2,411$1,348
15 years$4,040$3,458$2,949$2,506$2,123$1,128
16 years$3,748$3,173$2,673$2,244$1,877$947
17 years$3,491$2,922$2,433$2,016$1,664$797
18 years$3,263$2,700$2,221$1,817$1,479$672
19 years$3,059$2,502$2,033$1,642$1,319$567
20 years$2,875$2,325$1,866$1,487$1,178$480
21 years$2,710$2,166$1,716$1,349$1,054$406
22 years$2,559$2,022$1,582$1,227$945$344
23 years$2,422$1,891$1,460$1,117$848$292
24 years$2,296$1,772$1,351$1,019$762$248
25 years$2,181$1,663$1,251$931$686$210
26 years$2,075$1,563$1,160$851$618$179
27 years$1,977$1,471$1,077$779$557$152
28 years$1,886$1,386$1,002$714$503$129
29 years$1,801$1,307$932$654$454$110
30 years$1,722$1,235$868$601$410$93
31 years$1,648$1,167$809$552$371$79
32 years$1,580$1,104$755$507$335$68
33 years$1,515$1,046$705$466$304$57
34 years$1,454$991$659$429$275$49
35 years$1,397$940$616$395$249$42
36 years$1,344$892$576$364$226$35
37 years$1,293$847$539$335$204$30
38 years$1,245$805$505$309$185$26
39 years$1,200$766$473$285$168$22
40 years$1,157$729$443$263$152$19
41 years$1,116$694$416$242$138$16
42 years$1,077$661$390$224$125$14
43 years$1,040$629$366$206$114$12
44 years$1,005$600$344$191$103$10
45 years$972$572$323$176$94$8
46 years$940$546$303$163$85$7
47 years$909$521$285$150$77$6
48 years$880$497$268$139$70$5
49 years$853$475$251$128$64$4
50 years$826$454$236$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $846,000, adding $3,986 every year, while hoping to spend $20,573 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: 75/7/18 Blend
44$846,000$846,000$846,000$846,000
45$936,404$891,566$878,453$1,002,470
46$1,010,027$913,363$885,991$1,068,558
47$1,090,471$935,539$893,093$1,138,054
48$1,178,409$958,090$899,721$1,213,684
49$1,274,582$981,012$905,838$1,296,056
50$1,379,809$1,004,301$911,403$1,385,837
51$1,494,989$1,027,951$916,374$1,483,761
52$1,621,111$1,051,954$920,706$1,590,638
53$1,759,267$1,076,302$924,352$1,707,362
54$1,910,659$1,100,988$927,264$1,834,916
55$2,076,609$1,125,999$929,390$1,974,381
56$2,258,574$1,151,324$930,676$2,126,952
57$2,458,159$1,176,949$931,065$2,293,945
58$2,677,132$1,202,861$930,496$2,476,806
59$2,917,441$1,229,042$928,908$2,677,134
60$3,181,228$1,255,473$926,236$2,896,687
61$3,470,858$1,282,136$922,409$3,137,403
62$3,788,931$1,309,007$917,356$3,401,418
63$4,138,316$1,336,062$911,001$3,691,087
64$4,522,170$1,363,274$903,265$4,009,001
65$4,943,972$1,390,615$894,065$4,358,020
66$5,407,554$1,418,053$883,313$4,741,293
67$5,917,140$1,445,553$870,920$5,162,290
68$6,477,382$1,473,078$856,789$5,624,835
69$7,093,403$1,500,587$840,820$6,133,143
70$7,770,852$1,528,038$822,909$6,691,859
71$8,515,949$1,555,382$802,946$7,306,101
72$9,335,549$1,582,568$780,818$7,981,509
73$10,237,203$1,609,543$756,404$8,724,298
74$11,229,233$1,636,246$729,579$9,541,318
75$12,320,807$1,662,614$700,212$10,440,119
76$13,522,027$1,688,580$668,167$11,429,018
77$14,844,023$1,714,069$633,299$12,517,183
78$16,299,059$1,739,004$595,461$13,714,717
79$17,900,649$1,763,301$554,494$15,032,754
80$19,663,682$1,786,869$510,236$16,483,563
81$21,604,565$1,809,613$462,517$18,080,666
82$23,741,376$1,831,430$411,157$19,838,963
83$26,094,036$1,852,210$355,971$21,774,878
84$28,684,496$1,871,836$296,763$23,906,506
85$31,536,941$1,890,183$233,332$26,253,792
86$34,678,025$1,907,118$165,464$28,838,714
87$38,137,115$1,922,499$92,939$31,685,495
88$41,946,574$1,936,174$15,525$34,820,827
89$46,142,060$1,947,982$0$38,274,126
90$50,762,870$1,957,753$0$42,090,695
91$55,852,303$1,965,303$0$46,297,396
92$61,458,074$1,970,439$0$50,930,665
93$67,632,763$1,972,956$0$56,033,942
94$74,434,307$1,972,634$0$61,655,099
95$81,926,554$1,969,240$0$67,846,886
96$90,179,858$1,962,528$0$74,667,434
97$99,271,749$1,952,237$0$82,180,800
98$109,287,658$1,938,088$0$90,457,575
99$120,321,732$1,919,787$0$99,575,547
100$132,477,713$1,897,021$0$109,620,436