Can I retire at age 45 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$67,963$67,357$66,767$66,190$65,627$63,073
2 years$33,645$33,018$32,411$31,822$31,251$28,709
3 years$22,207$21,578$20,972$20,389$19,827$17,376
4 years$16,489$15,862$15,262$14,689$14,141$11,801
5 years$13,060$12,436$11,844$11,283$10,750$8,526
6 years$10,774$10,155$9,572$9,023$8,506$6,400
7 years$9,142$8,528$7,954$7,418$6,917$4,929
8 years$7,918$7,310$6,746$6,223$5,739$3,865
9 years$6,967$6,365$5,810$5,300$4,833$3,072
10 years$6,207$5,610$5,065$4,569$4,118$2,466
11 years$5,585$4,994$4,460$3,976$3,541$1,995
12 years$5,067$4,483$3,958$3,488$3,069$1,624
13 years$4,629$4,051$3,536$3,079$2,676$1,328
14 years$4,255$3,682$3,177$2,733$2,346$1,090
15 years$3,930$3,364$2,868$2,438$2,066$898
16 years$3,646$3,086$2,601$2,183$1,826$741
17 years$3,396$2,842$2,367$1,961$1,619$613
18 years$3,174$2,626$2,160$1,767$1,439$508
19 years$2,976$2,434$1,978$1,597$1,283$422
20 years$2,797$2,262$1,815$1,446$1,146$350
21 years$2,636$2,107$1,669$1,313$1,025$291
22 years$2,490$1,967$1,539$1,194$919$242
23 years$2,356$1,839$1,421$1,087$825$202
24 years$2,234$1,723$1,314$991$742$168
25 years$2,122$1,617$1,217$905$667$140
26 years$2,018$1,520$1,129$828$601$117
27 years$1,923$1,431$1,048$758$542$98
28 years$1,834$1,348$974$694$489$81
29 years$1,752$1,272$907$637$442$68
30 years$1,675$1,201$845$584$399$57
31 years$1,604$1,135$787$537$361$47
32 years$1,537$1,074$735$493$326$40
33 years$1,474$1,017$686$454$295$33
34 years$1,415$964$641$417$267$28
35 years$1,359$915$599$384$242$23
36 years$1,307$868$560$354$219$19
37 years$1,258$824$525$326$199$16
38 years$1,211$783$491$300$180$13
39 years$1,167$745$460$277$163$11
40 years$1,125$709$431$256$148$9
41 years$1,085$675$405$236$135$8
42 years$1,048$643$379$218$122$7
43 years$1,012$612$356$201$111$5
44 years$978$584$334$185$101$5
45 years$945$557$314$171$91$4
46 years$914$531$295$158$83$3
47 years$885$507$277$146$75$3
48 years$856$484$260$135$68$2
49 years$829$462$245$125$62$2
50 years$804$441$230$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $823,000, adding $3,523 every year, while hoping to spend $44,895 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: 72/5/23 Blend
44$823,000$823,000$823,000$823,000
45$910,580$866,961$854,204$970,708
46$955,691$861,674$835,052$1,005,968
47$1,003,899$854,624$813,754$1,038,911
48$1,055,472$845,675$790,190$1,073,890
49$1,110,705$834,688$764,236$1,111,102
50$1,169,919$821,510$735,761$1,150,764
51$1,233,471$805,984$704,628$1,193,115
52$1,301,747$787,939$670,695$1,238,423
53$1,375,175$767,198$633,814$1,286,981
54$1,454,223$743,572$593,827$1,339,113
55$1,539,406$716,859$550,572$1,395,178
56$1,631,288$686,848$503,879$1,455,574
57$1,730,491$653,314$453,570$1,520,740
58$1,837,696$616,021$399,459$1,591,158
59$1,953,652$574,718$341,353$1,667,367
60$2,079,184$529,138$279,047$1,749,956
61$2,215,197$479,003$212,332$1,839,581
62$2,362,688$424,015$140,986$1,936,963
63$2,522,752$363,861$64,778$2,042,900
64$2,696,593$298,210$0$2,158,274
65$2,885,535$226,712$0$2,288,120
66$3,091,038$148,999$0$2,446,680
67$3,314,704$64,680$0$2,619,291
68$3,558,297$0$0$2,807,333
69$3,823,761$0$0$3,013,789
70$4,113,231$0$0$3,242,831
71$4,429,059$0$0$3,492,768
72$4,773,835$0$0$3,765,652
73$5,150,407$0$0$4,063,744
74$5,561,914$0$0$4,389,531
75$6,011,809$0$0$4,745,755
76$6,503,894$0$0$5,135,431
77$7,042,357$0$0$5,561,881
78$7,631,807$0$0$6,028,762
79$8,277,322$0$0$6,540,100
80$8,984,492$0$0$7,100,333
81$9,759,474$0$0$7,714,342
82$10,609,050$0$0$8,387,509
83$11,540,686$0$0$9,125,757
84$12,562,609$0$0$9,935,613
85$13,683,878$0$0$10,824,263
86$14,914,474$0$0$11,799,625
87$16,265,387$0$0$12,870,419
88$17,748,727$0$0$14,046,252
89$19,377,833$0$0$15,337,706
90$21,167,397$0$0$16,756,438
91$23,133,607$0$0$18,315,291
92$25,294,296$0$0$20,028,413
93$27,669,108$0$0$21,911,389
94$30,279,687$0$0$23,981,392
95$33,149,877$0$0$26,257,338
96$36,305,949$0$0$28,760,072
97$39,776,846$0$0$31,512,555
98$43,594,457$0$0$34,540,088
99$47,793,916$0$0$37,870,548
100$52,413,934$0$0$41,534,647