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%15.4%
1 years$69,944$69,321$68,714$68,120$67,541$66,042
2 years$34,626$33,981$33,356$32,750$32,162$30,660
3 years$22,855$22,207$21,584$20,983$20,405$18,947
4 years$16,970$16,325$15,707$15,117$14,553$13,149
5 years$13,440$12,799$12,190$11,612$11,063$9,718
6 years$11,088$10,451$9,851$9,286$8,754$7,469
7 years$9,408$8,777$8,186$7,634$7,119$5,894
8 years$8,149$7,523$6,943$6,404$5,906$4,741
9 years$7,170$6,550$5,980$5,455$4,974$3,868
10 years$6,388$5,774$5,213$4,702$4,238$3,190
11 years$5,748$5,140$4,590$4,092$3,645$2,653
12 years$5,215$4,613$4,073$3,590$3,158$2,222
13 years$4,765$4,169$3,639$3,169$2,754$1,871
14 years$4,379$3,790$3,270$2,813$2,414$1,582
15 years$4,045$3,462$2,952$2,509$2,126$1,343
16 years$3,753$3,176$2,677$2,246$1,879$1,144
17 years$3,495$2,925$2,436$2,018$1,666$976
18 years$3,267$2,703$2,223$1,819$1,481$835
19 years$3,062$2,505$2,035$1,644$1,320$716
20 years$2,879$2,328$1,868$1,489$1,179$615
21 years$2,713$2,168$1,718$1,351$1,055$528
22 years$2,562$2,024$1,584$1,228$946$455
23 years$2,425$1,893$1,462$1,119$849$392
24 years$2,299$1,774$1,352$1,020$763$338
25 years$2,184$1,665$1,252$932$687$291
26 years$2,077$1,564$1,162$852$619$252
27 years$1,979$1,472$1,079$780$558$217
28 years$1,888$1,387$1,003$715$503$188
29 years$1,803$1,309$933$655$454$162
30 years$1,724$1,236$869$601$411$140
31 years$1,650$1,168$810$552$371$121
32 years$1,581$1,106$756$508$336$105
33 years$1,517$1,047$706$467$304$91
34 years$1,456$992$660$429$275$79
35 years$1,399$941$617$395$249$68
36 years$1,345$893$577$364$226$59
37 years$1,294$848$540$335$205$51
38 years$1,246$806$506$309$186$44
39 years$1,201$767$474$285$168$38
40 years$1,158$730$444$263$153$33
41 years$1,117$694$416$243$138$29
42 years$1,078$661$391$224$126$25
43 years$1,041$630$366$207$114$22
44 years$1,006$601$344$191$103$19
45 years$973$573$323$176$94$16
46 years$941$546$303$163$85$14
47 years$911$521$285$150$77$12
48 years$881$498$268$139$70$11
49 years$854$475$252$128$64$9
50 years$827$454$237$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $847,000, adding $2,235 every year, while hoping to spend $36,221 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: 52/34/14 Blend
44$847,000$847,000$847,000$847,000
45$935,699$890,808$877,680$980,729
46$992,602$895,919$868,543$1,016,876
47$1,054,094$900,066$857,887$1,052,141
48$1,120,607$903,165$845,621$1,089,679
49$1,192,612$905,123$831,652$1,129,714
50$1,270,630$905,845$815,884$1,172,496
51$1,355,230$905,228$798,212$1,218,301
52$1,447,043$903,163$778,532$1,267,435
53$1,546,758$899,535$756,729$1,320,236
54$1,655,136$894,220$732,688$1,377,079
55$1,773,012$887,090$706,286$1,438,379
56$1,901,307$878,005$677,394$1,504,596
57$2,041,033$866,820$645,879$1,576,238
58$2,193,303$853,379$611,601$1,653,869
59$2,359,344$837,518$574,413$1,738,110
60$2,540,503$819,063$534,162$1,829,651
61$2,738,267$797,829$490,690$1,929,254
62$2,954,270$773,623$443,827$2,037,762
63$3,190,312$746,236$393,401$2,156,107
64$3,448,372$715,450$339,229$2,285,321
65$3,730,633$681,035$281,120$2,426,543
66$4,039,497$642,744$218,877$2,581,035
67$4,377,607$600,320$152,291$2,750,188
68$4,747,876$553,489$81,146$2,935,543
69$5,153,511$501,961$5,215$3,138,803
70$5,598,043$445,431$0$3,361,847
71$6,085,362$383,576$0$3,618,079
72$6,619,751$316,054$0$3,900,038
73$7,205,929$242,504$0$4,209,518
74$7,849,093$162,545$0$4,549,361
75$8,554,966$75,776$0$4,922,704
76$9,329,854$0$0$5,333,008
77$10,180,703$0$0$5,790,914
78$11,115,163$0$0$6,325,042
79$12,141,663$0$0$6,911,869
80$13,269,488$0$0$7,556,715
81$14,508,866$0$0$8,265,441
82$15,871,067$0$0$9,044,501
83$17,368,504$0$0$9,901,010
84$19,014,855$0$0$10,842,802
85$20,825,189$0$0$11,878,511
86$22,816,108$0$0$13,017,650
87$25,005,904$0$0$14,270,698
88$27,414,729$0$0$15,649,203
89$30,064,788$0$0$17,165,886
90$32,980,546$0$0$18,834,765
91$36,188,960$0$0$20,671,286
92$39,719,731$0$0$22,692,466
93$43,605,584$0$0$24,917,057
94$47,882,580$0$0$27,365,720
95$52,590,449$0$0$30,061,221
96$57,772,973$0$0$33,028,645
97$63,478,390$0$0$36,295,633
98$69,759,856$0$0$39,892,644
99$76,675,942$0$0$43,853,237
100$84,291,186$0$0$48,214,395