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%19.7%
1 years$69,944$69,321$68,714$68,120$67,541$64,912
2 years$34,626$33,981$33,356$32,750$32,162$29,546
3 years$22,855$22,207$21,584$20,983$20,405$17,883
4 years$16,970$16,325$15,707$15,117$14,553$12,145
5 years$13,440$12,799$12,190$11,612$11,063$8,775
6 years$11,088$10,451$9,851$9,286$8,754$6,587
7 years$9,408$8,777$8,186$7,634$7,119$5,073
8 years$8,149$7,523$6,943$6,404$5,906$3,978
9 years$7,170$6,550$5,980$5,455$4,974$3,161
10 years$6,388$5,774$5,213$4,702$4,238$2,538
11 years$5,748$5,140$4,590$4,092$3,645$2,053
12 years$5,215$4,613$4,073$3,590$3,158$1,671
13 years$4,765$4,169$3,639$3,169$2,754$1,367
14 years$4,379$3,790$3,270$2,813$2,414$1,122
15 years$4,045$3,462$2,952$2,509$2,126$924
16 years$3,753$3,176$2,677$2,246$1,879$763
17 years$3,495$2,925$2,436$2,018$1,666$631
18 years$3,267$2,703$2,223$1,819$1,481$523
19 years$3,062$2,505$2,035$1,644$1,320$434
20 years$2,879$2,328$1,868$1,489$1,179$361
21 years$2,713$2,168$1,718$1,351$1,055$300
22 years$2,562$2,024$1,584$1,228$946$250
23 years$2,425$1,893$1,462$1,119$849$208
24 years$2,299$1,774$1,352$1,020$763$173
25 years$2,184$1,665$1,252$932$687$144
26 years$2,077$1,564$1,162$852$619$120
27 years$1,979$1,472$1,079$780$558$100
28 years$1,888$1,387$1,003$715$503$84
29 years$1,803$1,309$933$655$454$70
30 years$1,724$1,236$869$601$411$58
31 years$1,650$1,168$810$552$371$49
32 years$1,581$1,106$756$508$336$41
33 years$1,517$1,047$706$467$304$34
34 years$1,456$992$660$429$275$28
35 years$1,399$941$617$395$249$24
36 years$1,345$893$577$364$226$20
37 years$1,294$848$540$335$205$17
38 years$1,246$806$506$309$186$14
39 years$1,201$767$474$285$168$12
40 years$1,158$730$444$263$153$10
41 years$1,117$694$416$243$138$8
42 years$1,078$661$391$224$126$7
43 years$1,041$630$366$207$114$6
44 years$1,006$601$344$191$103$5
45 years$973$573$323$176$94$4
46 years$941$546$303$163$85$3
47 years$911$521$285$150$77$3
48 years$881$498$268$139$70$2
49 years$854$475$252$128$64$2
50 years$827$454$237$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $847,000, adding $6,099 every year, while hoping to spend $22,231 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: 58/24/18 Blend
44$847,000$847,000$847,000$847,000
45$939,685$894,794$881,666$989,415
46$1,011,879$914,985$887,548$1,044,040
47$1,090,692$935,421$892,882$1,100,609
48$1,176,776$956,089$897,626$1,161,775
49$1,270,847$976,978$901,737$1,227,986
50$1,373,695$998,072$905,167$1,299,735
51$1,486,191$1,019,356$907,869$1,377,563
52$1,609,291$1,040,813$909,791$1,462,071
53$1,744,050$1,062,424$910,880$1,553,916
54$1,891,629$1,084,168$911,080$1,653,825
55$2,053,305$1,106,023$910,332$1,762,598
56$2,230,488$1,127,964$908,574$1,881,119
57$2,424,727$1,149,964$905,740$2,010,359
58$2,637,731$1,171,993$901,764$2,151,389
59$2,871,380$1,194,022$896,574$2,305,392
60$3,127,746$1,216,014$890,094$2,473,668
61$3,409,112$1,237,934$882,248$2,657,653
62$3,717,990$1,259,741$872,952$2,858,928
63$4,057,150$1,281,394$862,121$3,079,235
64$4,429,641$1,302,844$849,664$3,320,498
65$4,838,825$1,324,044$835,488$3,584,832
66$5,288,403$1,344,940$819,495$3,874,573
67$5,782,452$1,365,474$801,579$4,192,292
68$6,325,464$1,385,585$781,635$4,540,827
69$6,922,390$1,405,207$759,548$4,923,303
70$7,578,682$1,424,270$735,201$5,343,166
71$8,300,347$1,442,699$708,470$5,804,213
72$9,094,005$1,460,413$679,226$6,310,631
73$9,966,946$1,477,326$647,333$6,867,033
74$10,927,206$1,493,347$612,650$7,478,507
75$11,983,637$1,508,376$575,030$8,150,657
76$13,145,992$1,522,311$534,318$8,889,664
77$14,425,019$1,535,040$490,352$9,702,337
78$15,832,557$1,546,443$442,966$10,596,185
79$17,381,654$1,556,395$391,981$11,579,482
80$19,086,686$1,564,761$337,216$12,661,347
81$20,963,492$1,571,399$278,476$13,851,835
82$23,029,526$1,576,155$215,563$15,162,025
83$25,304,020$1,578,869$148,267$16,604,130
84$27,808,165$1,579,369$76,369$18,191,611
85$30,565,312$1,577,472$0$19,939,304
86$33,601,190$1,572,984$0$21,863,630
87$36,944,152$1,565,701$0$23,998,203
88$40,625,438$1,555,403$0$26,348,251
89$44,679,474$1,541,859$0$28,935,721
90$49,144,195$1,524,825$0$31,784,794
91$54,061,401$1,504,039$0$34,922,125
92$59,477,154$1,479,227$0$38,377,082
93$65,442,210$1,450,095$0$42,182,035
94$72,012,501$1,416,336$0$46,372,653
95$79,249,660$1,377,620$0$50,988,249
96$87,221,604$1,333,602$0$56,072,143
97$96,003,173$1,283,914$0$61,672,078
98$105,676,838$1,228,167$0$67,840,668
99$116,333,480$1,165,952$0$74,635,896
100$128,073,243$1,096,832$0$82,121,661