Can I retire at age 45 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$70,110$69,485$68,876$68,281$67,700$65,930
2 years$34,708$34,061$33,435$32,827$32,238$30,467
3 years$22,909$22,259$21,635$21,033$20,453$18,736
4 years$17,010$16,363$15,744$15,153$14,587$12,938
5 years$13,472$12,829$12,218$11,639$11,089$9,511
6 years$11,114$10,476$9,874$9,308$8,774$7,270
7 years$9,431$8,797$8,206$7,652$7,136$5,705
8 years$8,168$7,541$6,959$6,419$5,920$4,562
9 years$7,187$6,566$5,994$5,468$4,985$3,700
10 years$6,403$5,787$5,225$4,713$4,248$3,032
11 years$5,761$5,152$4,600$4,102$3,653$2,506
12 years$5,227$4,624$4,083$3,598$3,166$2,085
13 years$4,776$4,179$3,648$3,177$2,761$1,744
14 years$4,389$3,799$3,277$2,820$2,420$1,465
15 years$4,054$3,470$2,959$2,515$2,131$1,235
16 years$3,761$3,184$2,683$2,252$1,883$1,044
17 years$3,503$2,932$2,441$2,023$1,670$885
18 years$3,274$2,709$2,229$1,823$1,485$752
19 years$3,070$2,511$2,040$1,647$1,323$639
20 years$2,885$2,333$1,872$1,492$1,182$545
21 years$2,719$2,174$1,722$1,354$1,058$465
22 years$2,568$2,029$1,587$1,231$948$397
23 years$2,431$1,898$1,466$1,121$851$339
24 years$2,305$1,778$1,355$1,023$765$290
25 years$2,189$1,668$1,255$934$688$248
26 years$2,082$1,568$1,164$854$620$213
27 years$1,984$1,476$1,081$782$559$182
28 years$1,892$1,391$1,005$716$504$156
29 years$1,807$1,312$935$657$455$134
30 years$1,728$1,239$871$603$412$115
31 years$1,654$1,171$812$554$372$98
32 years$1,585$1,108$758$509$337$84
33 years$1,520$1,049$708$468$305$73
34 years$1,460$995$661$430$276$62
35 years$1,402$943$618$396$250$53
36 years$1,348$895$578$365$226$46
37 years$1,298$850$541$336$205$39
38 years$1,249$808$507$310$186$34
39 years$1,204$769$475$286$169$29
40 years$1,161$731$445$264$153$25
41 years$1,120$696$417$243$139$21
42 years$1,081$663$391$224$126$18
43 years$1,044$632$367$207$114$16
44 years$1,009$602$345$191$104$14
45 years$975$574$324$177$94$12
46 years$943$548$304$163$86$10
47 years$913$523$286$151$78$9
48 years$884$499$268$139$71$7
49 years$856$476$252$129$64$6
50 years$829$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 $849,000, adding $3,620 every year, while hoping to spend $59,130 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: 53/32/15 Blend
44$849,000$849,000$849,000$849,000
45$939,332$894,335$881,176$985,162
46$972,230$875,244$847,781$997,773
47$1,006,502$853,235$811,286$1,004,893
48$1,042,225$828,104$771,524$1,011,310
49$1,079,484$799,632$728,322$1,016,974
50$1,118,368$767,591$681,497$1,021,833
51$1,158,974$731,736$630,860$1,025,831
52$1,201,408$691,809$576,213$1,028,914
53$1,245,783$647,540$517,348$1,031,024
54$1,292,223$598,638$454,048$1,032,104
55$1,340,859$544,801$386,088$1,032,092
56$1,391,836$485,706$313,232$1,030,930
57$1,445,310$421,013$235,232$1,028,557
58$1,501,452$350,362$151,832$1,024,910
59$1,560,444$273,374$62,763$1,019,929
60$1,622,488$189,648$0$1,013,552
61$1,687,801$98,760$0$1,010,888
62$1,756,620$263$0$1,017,766
63$1,829,204$0$0$1,024,121
64$1,905,833$0$0$1,067,389
65$1,986,815$0$0$1,113,246
66$2,072,485$0$0$1,161,797
67$2,163,208$0$0$1,213,252
68$2,259,384$0$0$1,267,843
69$2,361,449$0$0$1,325,825
70$2,469,881$0$0$1,387,473
71$2,585,200$0$0$1,453,091
72$2,707,979$0$0$1,523,012
73$2,838,843$0$0$1,597,598
74$2,978,476$0$0$1,677,247
75$3,127,629$0$0$1,762,397
76$3,287,124$0$0$1,853,526
77$3,457,863$0$0$1,951,157
78$3,640,834$0$0$2,055,867
79$3,837,121$0$0$2,168,287
80$4,047,914$0$0$2,289,109
81$4,274,520$0$0$2,419,094
82$4,518,372$0$0$2,559,078
83$4,781,044$0$0$2,709,977
84$5,064,265$0$0$2,872,798
85$5,369,935$0$0$3,048,649
86$5,700,140$0$0$3,238,745
87$6,057,174$0$0$3,444,424
88$6,443,558$0$0$3,667,156
89$6,862,061$0$0$3,908,555
90$7,315,732$0$0$4,170,398
91$7,807,921$0$0$4,454,639
92$8,342,311$0$0$4,763,426
93$8,922,955$0$0$5,099,124
94$9,554,311$0$0$5,464,333
95$10,241,284$0$0$5,861,914
96$10,989,270$0$0$6,295,015
97$11,804,207$0$0$6,767,100
98$12,692,629$0$0$7,281,983
99$13,661,729$0$0$7,843,861
100$14,719,422$0$0$8,457,352