Can I retire at age 45 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$69,944$69,321$68,714$68,120$67,541$66,231
2 years$34,626$33,981$33,356$32,750$32,162$30,848
3 years$22,855$22,207$21,584$20,983$20,405$19,128
4 years$16,970$16,325$15,707$15,117$14,553$13,322
5 years$13,440$12,799$12,190$11,612$11,063$9,882
6 years$11,088$10,451$9,851$9,286$8,754$7,624
7 years$9,408$8,777$8,186$7,634$7,119$6,040
8 years$8,149$7,523$6,943$6,404$5,906$4,878
9 years$7,170$6,550$5,980$5,455$4,974$3,996
10 years$6,388$5,774$5,213$4,702$4,238$3,310
11 years$5,748$5,140$4,590$4,092$3,645$2,765
12 years$5,215$4,613$4,073$3,590$3,158$2,326
13 years$4,765$4,169$3,639$3,169$2,754$1,968
14 years$4,379$3,790$3,270$2,813$2,414$1,672
15 years$4,045$3,462$2,952$2,509$2,126$1,427
16 years$3,753$3,176$2,677$2,246$1,879$1,221
17 years$3,495$2,925$2,436$2,018$1,666$1,048
18 years$3,267$2,703$2,223$1,819$1,481$901
19 years$3,062$2,505$2,035$1,644$1,320$776
20 years$2,879$2,328$1,868$1,489$1,179$670
21 years$2,713$2,168$1,718$1,351$1,055$579
22 years$2,562$2,024$1,584$1,228$946$501
23 years$2,425$1,893$1,462$1,119$849$434
24 years$2,299$1,774$1,352$1,020$763$376
25 years$2,184$1,665$1,252$932$687$326
26 years$2,077$1,564$1,162$852$619$283
27 years$1,979$1,472$1,079$780$558$246
28 years$1,888$1,387$1,003$715$503$214
29 years$1,803$1,309$933$655$454$186
30 years$1,724$1,236$869$601$411$162
31 years$1,650$1,168$810$552$371$141
32 years$1,581$1,106$756$508$336$122
33 years$1,517$1,047$706$467$304$107
34 years$1,456$992$660$429$275$93
35 years$1,399$941$617$395$249$81
36 years$1,345$893$577$364$226$70
37 years$1,294$848$540$335$205$61
38 years$1,246$806$506$309$186$53
39 years$1,201$767$474$285$168$47
40 years$1,158$730$444$263$153$41
41 years$1,117$694$416$243$138$35
42 years$1,078$661$391$224$126$31
43 years$1,041$630$366$207$114$27
44 years$1,006$601$344$191$103$23
45 years$973$573$323$176$94$20
46 years$941$546$303$163$85$18
47 years$911$521$285$150$77$15
48 years$881$498$268$139$70$13
49 years$854$475$252$128$64$12
50 years$827$454$237$119$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $847,000, adding $4,646 every year, while hoping to spend $40,458 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: 42/40/18 Blend
44$847,000$847,000$847,000$847,000
45$938,186$893,295$880,167$972,466
46$990,834$894,020$866,605$997,891
47$1,047,496$893,424$851,234$1,021,099
48$1,108,539$891,400$833,948$1,045,383
49$1,174,366$887,834$814,641$1,070,861
50$1,245,419$882,605$793,199$1,097,666
51$1,322,184$875,585$769,504$1,125,948
52$1,405,195$866,638$743,431$1,155,873
53$1,495,041$855,619$714,851$1,187,628
54$1,592,366$842,375$683,630$1,221,424
55$1,697,880$826,744$649,624$1,257,495
56$1,812,364$808,555$612,687$1,296,102
57$1,936,677$787,625$572,663$1,337,537
58$2,071,762$763,763$529,392$1,382,128
59$2,218,658$736,764$482,703$1,430,238
60$2,378,509$706,413$432,421$1,482,273
61$2,552,571$672,481$378,361$1,538,685
62$2,742,228$634,728$320,331$1,599,977
63$2,949,003$592,897$258,130$1,666,710
64$3,174,572$546,720$191,548$1,739,507
65$3,420,779$495,910$120,365$1,819,062
66$3,689,654$440,165$44,354$1,906,145
67$3,983,434$379,168$0$2,001,613
68$4,304,578$312,582$0$2,113,478
69$4,655,796$240,049$0$2,245,286
70$5,040,072$161,196$0$2,389,732
71$5,460,689$75,624$0$2,548,169
72$5,921,264$0$0$2,722,095
73$6,425,782$0$0$2,920,687
74$6,978,627$0$0$3,174,883
75$7,584,631$0$0$3,453,631
76$8,249,114$0$0$3,759,390
77$8,977,937$0$0$4,094,871
78$9,777,553$0$0$4,463,060
79$10,655,071$0$0$4,867,246
80$11,618,323$0$0$5,311,050
81$12,675,934$0$0$5,798,464
82$13,837,407$0$0$6,333,884
83$15,113,208$0$0$6,922,151
84$16,514,870$0$0$7,568,601
85$18,055,094$0$0$8,279,112
86$19,747,877$0$0$9,060,158
87$21,608,634$0$0$9,918,872
88$23,654,353$0$0$10,863,115
89$25,903,747$0$0$11,901,545
90$28,377,433$0$0$13,043,702
91$31,098,128$0$0$14,300,097
92$34,090,859$0$0$15,682,312
93$37,383,201$0$0$17,203,106
94$41,005,537$0$0$18,876,539
95$44,991,342$0$0$20,718,102
96$49,377,502$0$0$22,744,862
97$54,204,656$0$0$24,975,629
98$59,517,587$0$0$27,431,123
99$65,365,633$0$0$30,134,179
100$71,803,164$0$0$33,109,957