Can I retire at age 45 with 848,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$70,027$69,403$68,795$68,201$67,621$66,283
2 years$34,667$34,021$33,395$32,789$32,200$30,858
3 years$22,882$22,233$21,609$21,008$20,429$19,124
4 years$16,990$16,344$15,726$15,135$14,570$13,313
5 years$13,456$12,814$12,204$11,625$11,076$9,870
6 years$11,101$10,463$9,863$9,297$8,764$7,610
7 years$9,419$8,787$8,196$7,643$7,128$6,026
8 years$8,159$7,532$6,951$6,412$5,913$4,864
9 years$7,179$6,558$5,987$5,461$4,980$3,983
10 years$6,395$5,781$5,219$4,708$4,243$3,297
11 years$5,755$5,146$4,595$4,097$3,649$2,752
12 years$5,221$4,619$4,078$3,594$3,162$2,314
13 years$4,770$4,174$3,643$3,173$2,757$1,956
14 years$4,384$3,794$3,274$2,816$2,417$1,661
15 years$4,049$3,466$2,956$2,512$2,128$1,416
16 years$3,757$3,180$2,680$2,249$1,881$1,211
17 years$3,499$2,929$2,438$2,021$1,668$1,038
18 years$3,270$2,706$2,226$1,821$1,483$892
19 years$3,066$2,508$2,038$1,646$1,322$768
20 years$2,882$2,331$1,870$1,490$1,181$663
21 years$2,716$2,171$1,720$1,353$1,057$572
22 years$2,565$2,026$1,585$1,230$947$495
23 years$2,428$1,895$1,464$1,120$850$428
24 years$2,302$1,776$1,354$1,022$764$371
25 years$2,186$1,667$1,254$933$688$321
26 years$2,080$1,566$1,163$853$619$279
27 years$1,981$1,474$1,080$781$558$242
28 years$1,890$1,389$1,004$715$504$210
29 years$1,805$1,310$934$656$455$183
30 years$1,726$1,237$870$602$411$159
31 years$1,652$1,170$811$553$372$138
32 years$1,583$1,107$757$508$336$120
33 years$1,519$1,048$707$467$304$104
34 years$1,458$993$660$430$275$91
35 years$1,401$942$617$396$250$79
36 years$1,347$894$578$365$226$69
37 years$1,296$849$541$336$205$60
38 years$1,248$807$506$310$186$52
39 years$1,202$768$474$285$168$45
40 years$1,159$730$445$263$153$39
41 years$1,118$695$417$243$139$34
42 years$1,080$662$391$224$126$30
43 years$1,043$631$367$207$114$26
44 years$1,008$601$344$191$104$23
45 years$974$573$323$176$94$20
46 years$942$547$304$163$85$17
47 years$912$522$285$151$78$15
48 years$882$498$268$139$70$13
49 years$855$476$252$129$64$11
50 years$828$455$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 $848,000, adding $6,535 every year, while hoping to spend $22,061 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: 58/29/13 Blend
44$848,000$848,000$848,000$848,000
45$941,237$896,293$883,149$992,394
46$1,013,770$916,738$889,262$1,048,144
47$1,092,963$937,447$894,840$1,105,867
48$1,179,470$958,407$899,842$1,168,266
49$1,274,015$979,607$904,225$1,235,795
50$1,377,391$1,001,035$907,944$1,308,950
51$1,490,475$1,022,675$910,950$1,388,281
52$1,614,230$1,044,513$913,193$1,474,392
53$1,749,717$1,066,530$914,621$1,567,949
54$1,898,106$1,088,707$915,178$1,669,686
55$2,060,682$1,111,024$914,806$1,780,411
56$2,238,864$1,133,456$913,445$1,901,014
57$2,434,212$1,155,979$911,029$2,032,479
58$2,648,445$1,178,566$907,492$2,175,885
59$2,883,458$1,201,187$902,764$2,332,425
60$3,141,335$1,223,810$896,772$2,503,413
61$3,424,375$1,246,400$889,437$2,690,296
62$3,735,107$1,268,919$880,679$2,894,669
63$4,076,319$1,291,328$870,413$3,118,290
64$4,451,082$1,313,581$858,550$3,363,097
65$4,862,779$1,335,633$844,998$3,631,225
66$5,315,136$1,357,433$829,659$3,925,028
67$5,812,259$1,378,926$812,432$4,247,100
68$6,358,670$1,400,054$793,209$4,600,299
69$6,959,352$1,420,754$771,879$4,987,776
70$7,619,795$1,440,960$748,326$5,413,004
71$8,346,046$1,460,599$722,427$5,879,811
72$9,144,770$1,479,596$694,055$6,392,415
73$10,023,307$1,497,867$663,077$6,955,465
74$10,989,747$1,515,325$629,352$7,574,088
75$12,053,002$1,531,876$592,736$8,253,930
76$13,222,891$1,547,421$553,076$9,001,218
77$14,510,234$1,561,853$510,212$9,822,814
78$15,926,952$1,575,058$463,979$10,726,279
79$17,486,181$1,586,916$414,202$11,719,950
80$19,202,394$1,597,297$360,700$12,813,014
81$21,091,537$1,606,064$303,283$14,015,597
82$23,171,185$1,613,072$241,753$15,338,860
83$25,460,698$1,618,164$175,904$16,795,102
84$27,981,412$1,621,177$105,520$18,397,883
85$30,756,836$1,621,935$30,375$20,162,144
86$33,812,875$1,620,252$0$22,104,355
87$37,178,073$1,615,929$0$24,249,578
88$40,883,885$1,608,758$0$26,615,854
89$44,964,969$1,598,515$0$29,221,050
90$49,459,518$1,584,965$0$32,089,505
91$54,409,617$1,567,856$0$35,248,042
92$59,861,641$1,546,924$0$38,726,220
93$65,866,692$1,521,887$0$42,556,618
94$72,481,082$1,492,446$0$46,775,135
95$79,766,863$1,458,287$0$51,421,338
96$87,792,414$1,419,074$0$56,538,829
97$96,633,086$1,374,454$0$62,175,661
98$106,371,910$1,324,052$0$68,384,791
99$117,100,384$1,267,470$0$75,224,581
100$128,919,338$1,204,290$0$82,759,346