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%19.5%
1 years$70,110$69,485$68,876$68,281$67,700$65,117
2 years$34,708$34,061$33,435$32,827$32,238$29,666
3 years$22,909$22,259$21,635$21,033$20,453$17,973
4 years$17,010$16,363$15,744$15,153$14,587$12,218
5 years$13,472$12,829$12,218$11,639$11,089$8,837
6 years$11,114$10,476$9,874$9,308$8,774$6,641
7 years$9,431$8,797$8,206$7,652$7,136$5,120
8 years$8,168$7,541$6,959$6,419$5,920$4,020
9 years$7,187$6,566$5,994$5,468$4,985$3,199
10 years$6,403$5,787$5,225$4,713$4,248$2,571
11 years$5,761$5,152$4,600$4,102$3,653$2,083
12 years$5,227$4,624$4,083$3,598$3,166$1,697
13 years$4,776$4,179$3,648$3,177$2,761$1,390
14 years$4,389$3,799$3,277$2,820$2,420$1,143
15 years$4,054$3,470$2,959$2,515$2,131$943
16 years$3,761$3,184$2,683$2,252$1,883$779
17 years$3,503$2,932$2,441$2,023$1,670$646
18 years$3,274$2,709$2,229$1,823$1,485$536
19 years$3,070$2,511$2,040$1,647$1,323$445
20 years$2,885$2,333$1,872$1,492$1,182$371
21 years$2,719$2,174$1,722$1,354$1,058$309
22 years$2,568$2,029$1,587$1,231$948$257
23 years$2,431$1,898$1,466$1,121$851$215
24 years$2,305$1,778$1,355$1,023$765$179
25 years$2,189$1,668$1,255$934$688$149
26 years$2,082$1,568$1,164$854$620$125
27 years$1,984$1,476$1,081$782$559$104
28 years$1,892$1,391$1,005$716$504$87
29 years$1,807$1,312$935$657$455$73
30 years$1,728$1,239$871$603$412$61
31 years$1,654$1,171$812$554$372$51
32 years$1,585$1,108$758$509$337$43
33 years$1,520$1,049$708$468$305$36
34 years$1,460$995$661$430$276$30
35 years$1,402$943$618$396$250$25
36 years$1,348$895$578$365$226$21
37 years$1,298$850$541$336$205$17
38 years$1,249$808$507$310$186$15
39 years$1,204$769$475$286$169$12
40 years$1,161$731$445$264$153$10
41 years$1,120$696$417$243$139$9
42 years$1,081$663$391$224$126$7
43 years$1,044$632$367$207$114$6
44 years$1,009$602$345$191$104$5
45 years$975$574$324$177$94$4
46 years$943$548$304$163$86$4
47 years$913$523$286$151$78$3
48 years$884$499$268$139$71$2
49 years$856$476$252$129$64$2
50 years$829$455$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 $849,000, adding $6,603 every year, while hoping to spend $50,561 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: 41/33/26 Blend
44$849,000$849,000$849,000$849,000
45$942,409$897,412$884,252$973,610
46$984,738$887,589$860,078$986,881
47$1,029,690$875,589$833,400$995,982
48$1,077,480$861,254$804,080$1,004,849
49$1,128,341$844,414$771,974$1,013,493
50$1,182,529$824,888$736,934$1,021,925
51$1,240,327$802,487$698,801$1,030,166
52$1,302,041$777,010$657,411$1,038,241
53$1,368,009$748,243$612,594$1,046,182
54$1,438,600$715,961$564,170$1,054,029
55$1,514,220$679,925$511,952$1,061,835
56$1,595,312$639,884$455,745$1,069,659
57$1,682,366$595,570$395,344$1,077,575
58$1,775,915$546,700$330,536$1,085,669
59$1,876,547$492,978$261,098$1,094,045
60$1,984,908$434,087$186,798$1,102,823
61$2,101,706$369,694$107,392$1,112,141
62$2,227,719$299,448$22,629$1,122,162
63$2,363,801$222,976$0$1,133,073
64$2,510,893$139,887$0$1,163,904
65$2,670,027$49,764$0$1,204,008
66$2,842,338$0$0$1,247,461
67$3,029,074$0$0$1,312,033
68$3,231,606$0$0$1,401,760
69$3,451,444$0$0$1,499,249
70$3,690,247$0$0$1,605,249
71$3,949,841$0$0$1,720,584
72$4,232,234$0$0$1,846,157
73$4,539,636$0$0$1,982,967
74$4,874,477$0$0$2,132,109
75$5,239,434$0$0$2,294,790
76$5,637,451$0$0$2,472,338
77$6,071,769$0$0$2,666,217
78$6,545,955$0$0$2,878,034
79$7,063,937$0$0$3,109,562
80$7,630,037$0$0$3,362,752
81$8,249,015$0$0$3,639,753
82$8,926,111$0$0$3,942,928
83$9,667,095$0$0$4,274,882
84$10,478,321$0$0$4,638,484
85$11,366,786$0$0$5,036,891
86$12,340,194$0$0$5,473,582
87$13,407,030$0$0$5,952,388
88$14,576,640$0$0$6,477,528
89$15,859,315$0$0$7,053,650
90$17,266,394$0$0$7,685,871
91$18,810,361$0$0$8,379,830
92$20,504,971$0$0$9,141,738
93$22,365,374$0$0$9,978,436
94$24,408,258$0$0$10,897,462
95$26,652,007$0$0$11,907,116
96$29,116,873$0$0$13,016,546
97$31,825,165$0$0$14,235,827
98$34,801,462$0$0$15,576,059
99$38,072,841$0$0$17,049,474
100$41,669,131$0$0$18,669,543