Can I retire at age 45 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$70,027$69,403$68,795$68,201$67,621$67,195
2 years$34,667$34,021$33,395$32,789$32,200$31,770
3 years$22,882$22,233$21,609$21,008$20,429$20,009
4 years$16,990$16,344$15,726$15,135$14,570$14,163
5 years$13,456$12,814$12,204$11,625$11,076$10,683
6 years$11,101$10,463$9,863$9,297$8,764$8,385
7 years$9,419$8,787$8,196$7,643$7,128$6,763
8 years$8,159$7,532$6,951$6,412$5,913$5,564
9 years$7,179$6,558$5,987$5,461$4,980$4,645
10 years$6,395$5,781$5,219$4,708$4,243$3,923
11 years$5,755$5,146$4,595$4,097$3,649$3,343
12 years$5,221$4,619$4,078$3,594$3,162$2,870
13 years$4,770$4,174$3,643$3,173$2,757$2,479
14 years$4,384$3,794$3,274$2,816$2,417$2,152
15 years$4,049$3,466$2,956$2,512$2,128$1,876
16 years$3,757$3,180$2,680$2,249$1,881$1,642
17 years$3,499$2,929$2,438$2,021$1,668$1,441
18 years$3,270$2,706$2,226$1,821$1,483$1,268
19 years$3,066$2,508$2,038$1,646$1,322$1,118
20 years$2,882$2,331$1,870$1,490$1,181$988
21 years$2,716$2,171$1,720$1,353$1,057$875
22 years$2,565$2,026$1,585$1,230$947$775
23 years$2,428$1,895$1,464$1,120$850$688
24 years$2,302$1,776$1,354$1,022$764$612
25 years$2,186$1,667$1,254$933$688$544
26 years$2,080$1,566$1,163$853$619$485
27 years$1,981$1,474$1,080$781$558$432
28 years$1,890$1,389$1,004$715$504$385
29 years$1,805$1,310$934$656$455$344
30 years$1,726$1,237$870$602$411$307
31 years$1,652$1,170$811$553$372$274
32 years$1,583$1,107$757$508$336$245
33 years$1,519$1,048$707$467$304$219
34 years$1,458$993$660$430$275$196
35 years$1,401$942$617$396$250$175
36 years$1,347$894$578$365$226$157
37 years$1,296$849$541$336$205$140
38 years$1,248$807$506$310$186$125
39 years$1,202$768$474$285$168$112
40 years$1,159$730$445$263$153$101
41 years$1,118$695$417$243$139$90
42 years$1,080$662$391$224$126$81
43 years$1,043$631$367$207$114$72
44 years$1,008$601$344$191$104$65
45 years$974$573$323$176$94$58
46 years$942$547$304$163$85$52
47 years$912$522$285$151$78$47
48 years$882$498$268$139$70$42
49 years$855$476$252$129$64$37
50 years$828$455$237$119$58$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $848,000, adding $3,391 every year, while hoping to spend $52,961 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: 68/16/16 Blend
44$848,000$848,000$848,000$848,000
45$937,994$893,050$879,906$997,997
46$977,319$880,459$853,033$1,025,850
47$1,018,881$865,477$823,484$1,049,740
48$1,062,850$847,929$791,115$1,074,543
49$1,109,416$827,633$755,772$1,100,342
50$1,158,784$804,394$717,298$1,127,235
51$1,211,178$778,007$675,525$1,155,326
52$1,266,843$748,254$630,280$1,184,735
53$1,326,048$714,906$581,382$1,215,594
54$1,389,086$677,717$528,639$1,248,052
55$1,456,279$636,432$471,855$1,282,272
56$1,527,980$590,777$410,823$1,318,441
57$1,604,574$540,465$345,325$1,356,762
58$1,686,483$485,191$275,136$1,397,464
59$1,774,172$424,633$200,021$1,440,802
60$1,868,148$358,451$119,732$1,487,059
61$1,968,970$286,286$34,014$1,536,551
62$2,077,250$207,758$0$1,589,628
63$2,193,658$122,468$0$1,656,490
64$2,318,933$29,990$0$1,734,595
65$2,453,884$0$0$1,818,663
66$2,599,400$0$0$1,921,624
67$2,756,458$0$0$2,038,490
68$2,926,131$0$0$2,164,783
69$3,109,600$0$0$2,301,387
70$3,308,159$0$0$2,449,271
71$3,523,235$0$0$2,609,504
72$3,756,395$0$0$2,783,259
73$4,009,361$0$0$2,971,825
74$4,284,030$0$0$3,176,623
75$4,582,484$0$0$3,399,212
76$4,907,017$0$0$3,641,311
77$5,260,152$0$0$3,904,808
78$5,644,664$0$0$4,191,783
79$6,063,608$0$0$4,504,522
80$6,520,345$0$0$4,845,544
81$7,018,573$0$0$5,217,619
82$7,562,365$0$0$5,623,798
83$8,156,203$0$0$6,067,437
84$8,805,020$0$0$6,552,233
85$9,514,248$0$0$7,082,255
86$10,289,867$0$0$7,661,982
87$11,138,463$0$0$8,296,347
88$12,067,285$0$0$8,990,782
89$13,084,316$0$0$9,751,268
90$14,198,349$0$0$10,584,392
91$15,419,066$0$0$11,497,407
92$16,757,129$0$0$12,498,301
93$18,224,282$0$0$13,595,874
94$19,833,459$0$0$14,799,816
95$21,598,907$0$0$16,120,801
96$23,536,317$0$0$17,570,585
97$25,662,974$0$0$19,162,119
98$27,997,917$0$0$20,909,668
99$30,562,121$0$0$22,828,948
100$33,378,688$0$0$24,937,269