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%16.6%
1 years$70,027$69,403$68,795$68,201$67,621$65,799
2 years$34,667$34,021$33,395$32,789$32,200$30,378
3 years$22,882$22,233$21,609$21,008$20,429$18,663
4 years$16,990$16,344$15,726$15,135$14,570$12,875
5 years$13,456$12,814$12,204$11,625$11,076$9,455
6 years$11,101$10,463$9,863$9,297$8,764$7,219
7 years$9,419$8,787$8,196$7,643$7,128$5,659
8 years$8,159$7,532$6,951$6,412$5,913$4,520
9 years$7,179$6,558$5,987$5,461$4,980$3,661
10 years$6,395$5,781$5,219$4,708$4,243$2,997
11 years$5,755$5,146$4,595$4,097$3,649$2,473
12 years$5,221$4,619$4,078$3,594$3,162$2,055
13 years$4,770$4,174$3,643$3,173$2,757$1,716
14 years$4,384$3,794$3,274$2,816$2,417$1,440
15 years$4,049$3,466$2,956$2,512$2,128$1,212
16 years$3,757$3,180$2,680$2,249$1,881$1,023
17 years$3,499$2,929$2,438$2,021$1,668$866
18 years$3,270$2,706$2,226$1,821$1,483$735
19 years$3,066$2,508$2,038$1,646$1,322$624
20 years$2,882$2,331$1,870$1,490$1,181$531
21 years$2,716$2,171$1,720$1,353$1,057$452
22 years$2,565$2,026$1,585$1,230$947$385
23 years$2,428$1,895$1,464$1,120$850$329
24 years$2,302$1,776$1,354$1,022$764$281
25 years$2,186$1,667$1,254$933$688$240
26 years$2,080$1,566$1,163$853$619$205
27 years$1,981$1,474$1,080$781$558$176
28 years$1,890$1,389$1,004$715$504$150
29 years$1,805$1,310$934$656$455$129
30 years$1,726$1,237$870$602$411$110
31 years$1,652$1,170$811$553$372$94
32 years$1,583$1,107$757$508$336$81
33 years$1,519$1,048$707$467$304$69
34 years$1,458$993$660$430$275$59
35 years$1,401$942$617$396$250$51
36 years$1,347$894$578$365$226$44
37 years$1,296$849$541$336$205$37
38 years$1,248$807$506$310$186$32
39 years$1,202$768$474$285$168$27
40 years$1,159$730$445$263$153$24
41 years$1,118$695$417$243$139$20
42 years$1,080$662$391$224$126$17
43 years$1,043$631$367$207$114$15
44 years$1,008$601$344$191$104$13
45 years$974$573$323$176$94$11
46 years$942$547$304$163$85$9
47 years$912$522$285$151$78$8
48 years$882$498$268$139$70$7
49 years$855$476$252$129$64$6
50 years$828$455$237$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $848,000, adding $6,788 every year, while hoping to spend $44,755 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: 38/42/20 Blend
44$848,000$848,000$848,000$848,000
45$941,498$896,554$883,410$971,404
46$989,912$892,866$865,385$989,934
47$1,041,764$887,497$845,257$1,005,221
48$1,097,357$880,319$822,906$1,020,821
49$1,157,026$871,192$798,212$1,036,788
50$1,221,134$859,972$771,043$1,053,183
51$1,290,083$846,504$741,267$1,070,080
52$1,364,313$830,625$708,741$1,087,561
53$1,444,308$812,160$673,319$1,105,722
54$1,530,599$790,927$634,846$1,124,673
55$1,623,769$766,732$593,162$1,144,540
56$1,724,459$739,368$548,099$1,165,465
57$1,833,374$708,617$499,481$1,187,612
58$1,951,289$674,250$447,125$1,211,166
59$2,079,055$636,023$390,838$1,236,337
60$2,217,608$593,677$330,420$1,263,361
61$2,367,978$546,941$265,663$1,292,506
62$2,531,298$495,527$196,348$1,324,076
63$2,708,812$439,129$122,248$1,358,410
64$2,901,891$377,427$43,123$1,395,892
65$3,112,042$310,080$0$1,436,952
66$3,340,926$236,729$0$1,490,889
67$3,590,366$156,994$0$1,559,823
68$3,862,372$70,475$0$1,635,205
69$4,159,155$0$0$1,717,775
70$4,483,148$0$0$1,819,100
71$4,837,032$0$0$1,965,457
72$5,223,754$0$0$2,125,507
73$5,646,563$0$0$2,300,610
74$6,109,032$0$0$2,492,259
75$6,615,099$0$0$2,702,102
76$7,169,098$0$0$2,931,952
77$7,775,801$0$0$3,183,804
78$8,440,464$0$0$3,459,858
79$9,168,877$0$0$3,762,536
80$9,967,413$0$0$4,094,505
81$10,843,095$0$0$4,458,702
82$11,803,654$0$0$4,858,365
83$12,857,609$0$0$5,297,056
84$14,014,343$0$0$5,778,703
85$15,284,188$0$0$6,307,631
86$16,678,530$0$0$6,888,603
87$18,209,909$0$0$7,526,868
88$19,892,138$0$0$8,228,209
89$21,740,436$0$0$8,998,995
90$23,771,569$0$0$9,846,244
91$26,004,007$0$0$10,777,687
92$28,458,096$0$0$11,801,841
93$31,156,256$0$0$12,928,092
94$34,123,184$0$0$14,166,777
95$37,386,091$0$0$15,529,289
96$40,974,960$0$0$17,028,178
97$44,922,820$0$0$18,677,274
98$49,266,068$0$0$20,491,812
99$54,044,802$0$0$22,488,581
100$59,303,205$0$0$24,686,078