Can I retire at age 45 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$68,458$67,848$67,253$66,673$66,106$63,659
2 years$33,890$33,259$32,647$32,054$31,479$29,041
3 years$22,369$21,735$21,125$20,537$19,971$17,620
4 years$16,610$15,978$15,374$14,796$14,244$11,996
5 years$13,155$12,527$11,930$11,365$10,828$8,690
6 years$10,852$10,229$9,642$9,089$8,568$6,541
7 years$9,208$8,590$8,012$7,472$6,968$5,052
8 years$7,976$7,363$6,795$6,268$5,781$3,974
9 years$7,018$6,411$5,853$5,339$4,868$3,168
10 years$6,252$5,651$5,102$4,602$4,148$2,551
11 years$5,626$5,031$4,492$4,005$3,567$2,071
12 years$5,104$4,515$3,987$3,513$3,091$1,691
13 years$4,663$4,081$3,562$3,102$2,696$1,388
14 years$4,286$3,709$3,200$2,753$2,363$1,143
15 years$3,959$3,388$2,889$2,456$2,081$945
16 years$3,673$3,109$2,620$2,199$1,839$783
17 years$3,421$2,863$2,384$1,975$1,630$650
18 years$3,197$2,646$2,176$1,780$1,450$541
19 years$2,997$2,452$1,992$1,609$1,292$450
20 years$2,818$2,278$1,828$1,457$1,154$376
21 years$2,655$2,122$1,682$1,322$1,033$314
22 years$2,508$1,981$1,550$1,202$926$262
23 years$2,373$1,853$1,431$1,095$831$219
24 years$2,250$1,736$1,323$999$747$183
25 years$2,137$1,629$1,226$912$672$153
26 years$2,033$1,531$1,137$834$605$128
27 years$1,937$1,441$1,056$763$546$108
28 years$1,848$1,358$981$699$493$90
29 years$1,765$1,281$913$641$445$75
30 years$1,687$1,210$851$589$402$63
31 years$1,615$1,144$793$541$363$53
32 years$1,548$1,082$740$497$329$44
33 years$1,485$1,025$691$457$297$37
34 years$1,425$971$646$420$269$31
35 years$1,369$921$604$387$244$26
36 years$1,317$874$565$356$221$22
37 years$1,267$830$528$328$200$18
38 years$1,220$789$495$303$182$15
39 years$1,176$750$464$279$165$13
40 years$1,133$714$435$257$149$11
41 years$1,093$680$407$237$136$9
42 years$1,055$647$382$219$123$8
43 years$1,019$617$359$202$112$6
44 years$985$588$337$187$101$5
45 years$952$561$316$173$92$5
46 years$921$535$297$159$83$4
47 years$891$510$279$147$76$3
48 years$863$487$262$136$69$3
49 years$835$465$246$126$63$2
50 years$809$444$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $829,000, adding $6,125 every year, while hoping to spend $41,762 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: 67/10/23 Blend
44$829,000$829,000$829,000$829,000
45$919,876$875,939$863,089$975,716
46$969,269$874,426$847,568$1,012,445
47$1,022,300$871,438$830,128$1,047,255
48$1,079,297$866,861$810,659$1,084,346
49$1,140,618$860,570$789,049$1,123,946
50$1,206,658$852,434$765,179$1,166,303
51$1,277,849$842,316$738,925$1,211,692
52$1,354,667$830,067$710,156$1,260,419
53$1,437,635$815,532$678,738$1,312,821
54$1,527,326$798,546$644,529$1,369,271
55$1,624,372$778,933$607,379$1,430,181
56$1,729,467$756,509$567,135$1,496,008
57$1,843,372$731,078$523,634$1,567,255
58$1,966,927$702,432$476,706$1,644,480
59$2,101,054$670,351$426,176$1,728,299
60$2,246,767$634,604$371,859$1,819,393
61$2,405,182$594,945$313,561$1,918,514
62$2,577,527$551,113$251,081$2,026,494
63$2,765,152$502,835$184,209$2,144,251
64$2,969,543$449,819$112,726$2,272,799
65$3,192,335$391,760$36,402$2,413,261
66$3,435,330$328,332$0$2,566,874
67$3,700,507$259,194$0$2,746,062
68$3,990,048$183,984$0$2,951,531
69$4,306,353$102,319$0$3,176,071
70$4,652,065$13,796$0$3,421,590
71$5,030,092$0$0$3,690,191
72$5,443,639$0$0$3,993,216
73$5,896,233$0$0$4,326,564
74$6,391,759$0$0$4,691,584
75$6,934,492$0$0$5,091,432
76$7,529,143$0$0$5,529,587
77$8,180,899$0$0$6,009,876
78$8,895,474$0$0$6,536,517
79$9,679,160$0$0$7,114,156
80$10,538,886$0$0$7,747,907
81$11,482,286$0$0$8,443,406
82$12,517,769$0$0$9,206,860
83$13,654,597$0$0$10,045,107
84$14,902,971$0$0$10,965,678
85$16,274,132$0$0$11,976,870
86$17,780,458$0$0$13,087,824
87$19,435,591$0$0$14,308,608
88$21,254,555$0$0$15,650,316
89$23,253,905$0$0$17,125,168
90$25,451,877$0$0$18,746,629
91$27,868,563$0$0$20,529,531
92$30,526,100$0$0$22,490,218
93$33,448,876$0$0$24,646,696
94$36,663,762$0$0$27,018,802
95$40,200,365$0$0$29,628,394
96$44,091,304$0$0$32,499,556
97$48,372,519$0$0$35,658,821
98$53,083,611$0$0$39,135,428
99$58,268,212$0$0$42,961,589
100$63,974,401$0$0$47,172,801