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%19.8%
1 years$69,862$69,240$68,632$68,040$67,461$64,810
2 years$34,585$33,941$33,317$32,711$32,124$29,486
3 years$22,828$22,181$21,558$20,959$20,381$17,838
4 years$16,950$16,305$15,689$15,099$14,536$12,108
5 years$13,425$12,784$12,175$11,598$11,050$8,743
6 years$11,075$10,439$9,839$9,275$8,743$6,560
7 years$9,397$8,766$8,177$7,625$7,111$5,049
8 years$8,140$7,514$6,934$6,397$5,899$3,957
9 years$7,162$6,543$5,973$5,449$4,968$3,143
10 years$6,380$5,767$5,207$4,697$4,233$2,521
11 years$5,741$5,134$4,584$4,088$3,640$2,039
12 years$5,209$4,608$4,068$3,585$3,155$1,658
13 years$4,759$4,164$3,635$3,165$2,751$1,355
14 years$4,373$3,785$3,266$2,810$2,411$1,112
15 years$4,040$3,458$2,949$2,506$2,123$915
16 years$3,748$3,173$2,673$2,244$1,877$755
17 years$3,491$2,922$2,433$2,016$1,664$624
18 years$3,263$2,700$2,221$1,817$1,479$517
19 years$3,059$2,502$2,033$1,642$1,319$428
20 years$2,875$2,325$1,866$1,487$1,178$356
21 years$2,710$2,166$1,716$1,349$1,054$296
22 years$2,559$2,022$1,582$1,227$945$246
23 years$2,422$1,891$1,460$1,117$848$204
24 years$2,296$1,772$1,351$1,019$762$170
25 years$2,181$1,663$1,251$931$686$142
26 years$2,075$1,563$1,160$851$618$118
27 years$1,977$1,471$1,077$779$557$98
28 years$1,886$1,386$1,002$714$503$82
29 years$1,801$1,307$932$654$454$68
30 years$1,722$1,235$868$601$410$57
31 years$1,648$1,167$809$552$371$48
32 years$1,580$1,104$755$507$335$40
33 years$1,515$1,046$705$466$304$33
34 years$1,454$991$659$429$275$28
35 years$1,397$940$616$395$249$23
36 years$1,344$892$576$364$226$19
37 years$1,293$847$539$335$204$16
38 years$1,245$805$505$309$185$13
39 years$1,200$766$473$285$168$11
40 years$1,157$729$443$263$152$9
41 years$1,116$694$416$242$138$8
42 years$1,077$661$390$224$125$7
43 years$1,040$629$366$206$114$5
44 years$1,005$600$344$191$103$5
45 years$972$572$323$176$94$4
46 years$940$546$303$163$85$3
47 years$909$521$285$150$77$3
48 years$880$497$268$139$70$2
49 years$853$475$251$128$64$2
50 years$826$454$236$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $846,000, adding $5,655 every year, while hoping to spend $49,881 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: 46/32/22 Blend
44$846,000$846,000$846,000$846,000
45$938,125$893,287$880,174$975,130
46$980,741$883,985$856,587$992,369
47$1,026,032$872,556$830,538$1,005,685
48$1,074,218$858,842$801,892$1,019,116
49$1,125,540$842,677$770,507$1,032,694
50$1,180,262$823,885$736,236$1,046,462
51$1,238,673$802,280$698,924$1,060,469
52$1,301,090$777,664$658,411$1,074,771
53$1,367,860$749,828$614,526$1,089,437
54$1,439,363$718,551$567,094$1,104,545
55$1,516,017$683,599$515,931$1,120,186
56$1,598,280$644,724$460,843$1,136,467
57$1,686,653$601,665$401,630$1,153,507
58$1,781,689$554,144$338,083$1,171,447
59$1,883,994$501,869$269,980$1,190,445
60$1,994,231$444,531$197,095$1,210,682
61$2,113,132$381,802$119,187$1,232,365
62$2,241,499$313,337$36,007$1,255,728
63$2,380,213$238,772$0$1,281,036
64$2,530,243$157,721$0$1,320,975
65$2,692,655$69,776$0$1,373,324
66$2,868,619$0$0$1,430,070
67$3,059,423$0$0$1,500,689
68$3,266,482$0$0$1,604,071
69$3,491,354$0$0$1,716,432
70$3,735,751$0$0$1,838,640
71$4,001,557$0$0$1,971,647
72$4,290,846$0$0$2,116,503
73$4,605,897$0$0$2,274,363
74$4,949,222$0$0$2,446,496
75$5,323,581$0$0$2,634,302
76$5,732,016$0$0$2,839,319
77$6,177,872$0$0$3,063,242
78$6,664,832$0$0$3,307,937
79$7,196,953$0$0$3,575,455
80$7,778,697$0$0$3,868,059
81$8,414,981$0$0$4,188,238
82$9,111,215$0$0$4,538,732
83$9,873,359$0$0$4,922,561
84$10,707,976$0$0$5,343,047
85$11,622,290$0$0$5,803,853
86$12,624,261$0$0$6,309,009
87$13,722,652$0$0$6,862,955
88$14,927,117$0$0$7,470,583
89$16,248,287$0$0$8,137,277
90$17,697,873$0$0$8,868,973
91$19,288,772$0$0$9,672,205
92$21,035,193$0$0$10,554,173
93$22,952,787$0$0$11,522,806
94$25,058,793$0$0$12,586,842
95$27,372,204$0$0$13,755,903
96$29,913,941$0$0$15,040,593
97$32,707,053$0$0$16,452,591
98$35,776,932$0$0$18,004,765
99$39,151,552$0$0$19,711,292
100$42,861,733$0$0$21,587,791