Can I retire at age 45 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$68,045$67,439$66,848$66,271$65,707$64,994
2 years$33,686$33,058$32,450$31,861$31,289$30,571
3 years$22,234$21,604$20,998$20,414$19,851$19,150
4 years$16,509$15,881$15,281$14,707$14,158$13,480
5 years$13,075$12,451$11,859$11,296$10,763$10,109
6 years$10,787$10,167$9,583$9,034$8,516$7,888
7 years$9,153$8,538$7,964$7,427$6,926$6,324
8 years$7,928$7,319$6,754$6,230$5,746$5,170
9 years$6,976$6,373$5,817$5,307$4,839$4,288
10 years$6,214$5,617$5,072$4,575$4,123$3,598
11 years$5,592$5,001$4,465$3,981$3,546$3,045
12 years$5,073$4,488$3,963$3,492$3,073$2,596
13 years$4,635$4,056$3,540$3,083$2,679$2,227
14 years$4,260$3,687$3,181$2,737$2,349$1,919
15 years$3,935$3,368$2,872$2,441$2,068$1,661
16 years$3,651$3,090$2,604$2,185$1,828$1,442
17 years$3,400$2,846$2,369$1,964$1,621$1,256
18 years$3,178$2,630$2,163$1,770$1,441$1,097
19 years$2,979$2,437$1,980$1,599$1,284$960
20 years$2,801$2,265$1,817$1,448$1,147$841
21 years$2,639$2,110$1,671$1,314$1,027$739
22 years$2,493$1,969$1,541$1,195$920$649
23 years$2,359$1,842$1,422$1,088$826$572
24 years$2,237$1,726$1,315$993$742$504
25 years$2,124$1,619$1,218$906$668$444
26 years$2,021$1,522$1,130$829$602$392
27 years$1,925$1,432$1,049$759$543$346
28 years$1,837$1,350$975$695$490$306
29 years$1,754$1,273$908$637$442$271
30 years$1,677$1,202$846$585$399$240
31 years$1,606$1,137$788$537$361$212
32 years$1,539$1,076$735$494$327$188
33 years$1,476$1,019$687$454$296$166
34 years$1,417$965$642$418$268$147
35 years$1,361$916$600$385$242$131
36 years$1,309$869$561$354$220$116
37 years$1,259$825$525$326$199$103
38 years$1,213$784$492$301$180$91
39 years$1,168$746$461$277$164$81
40 years$1,127$710$432$256$148$72
41 years$1,087$676$405$236$135$64
42 years$1,049$643$380$218$122$56
43 years$1,013$613$357$201$111$50
44 years$979$584$335$186$101$44
45 years$946$557$314$171$91$39
46 years$915$532$295$158$83$35
47 years$886$507$277$146$75$31
48 years$857$484$261$135$68$28
49 years$830$462$245$125$62$24
50 years$805$442$230$116$56$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $824,000, adding $2,759 every year, while hoping to spend $24,592 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: 52/38/10 Blend
44$824,000$824,000$824,000$824,000
45$910,894$867,222$854,450$955,765
46$977,639$883,550$856,908$1,002,951
47$1,050,369$899,854$858,625$1,051,367
48$1,129,666$916,107$859,549$1,103,445
49$1,216,175$932,279$859,626$1,159,539
50$1,310,603$948,339$858,802$1,220,034
51$1,413,730$964,253$857,017$1,285,359
52$1,526,413$979,984$854,210$1,355,984
53$1,649,598$995,493$850,316$1,432,428
54$1,784,322$1,010,738$845,268$1,515,263
55$1,931,733$1,025,674$838,994$1,605,119
56$2,093,090$1,040,252$831,420$1,702,693
57$2,269,781$1,054,421$822,469$1,808,751
58$2,463,335$1,068,124$812,058$1,924,139
59$2,675,437$1,081,303$800,103$2,049,789
60$2,907,938$1,093,894$786,514$2,186,729
61$3,162,883$1,105,830$771,198$2,336,093
62$3,442,520$1,117,039$754,055$2,499,131
63$3,749,326$1,127,442$734,985$2,677,221
64$4,086,029$1,136,959$713,879$2,871,883
65$4,455,636$1,145,502$690,626$3,084,792
66$4,861,457$1,152,978$665,108$3,317,798
67$5,307,140$1,159,288$637,203$3,572,938
68$5,796,701$1,164,326$606,782$3,852,459
69$6,334,566$1,167,980$573,711$4,158,838
70$6,925,612$1,170,131$537,851$4,494,809
71$7,575,209$1,170,652$499,054$4,863,382
72$8,289,276$1,169,409$457,167$5,267,881
73$9,074,331$1,166,260$412,032$5,711,967
74$9,937,558$1,161,051$363,480$6,199,680
75$10,886,870$1,153,624$311,337$6,735,471
76$11,930,986$1,143,806$255,422$7,324,250
77$13,079,511$1,131,418$195,543$7,971,432
78$14,343,031$1,116,266$131,503$8,682,982
79$15,733,205$1,098,149$63,094$9,465,483
80$17,262,884$1,076,850$0$10,326,188
81$18,946,225$1,052,142$0$11,274,154
82$20,798,825$1,023,783$0$12,324,394
83$22,837,874$991,516$0$13,479,917
84$25,082,309$955,072$0$14,751,467
85$27,552,998$914,164$0$16,150,888
86$30,272,934$868,489$0$17,691,235
87$33,267,454$817,726$0$19,386,899
88$36,564,476$761,536$0$21,253,742
89$40,194,761$699,560$0$23,309,251
90$44,192,208$631,420$0$25,572,697
91$48,594,169$556,715$0$28,065,326
92$53,441,802$475,021$0$30,810,555
93$58,780,460$385,892$0$33,834,194
94$64,660,121$288,855$0$37,164,693
95$71,135,855$183,411$0$40,833,412
96$78,268,347$69,032$0$44,874,915
97$86,124,467$0$0$49,327,299
98$94,777,903$0$0$54,255,487
99$104,309,854$0$0$59,715,911
100$114,809,799$0$0$65,730,978