Can I retire at age 45 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$69,201$68,585$67,983$67,396$66,823$64,325
2 years$34,258$33,620$33,002$32,402$31,821$29,332
3 years$22,612$21,971$21,354$20,760$20,188$17,788
4 years$16,790$16,151$15,540$14,957$14,398$12,104
5 years$13,298$12,663$12,060$11,488$10,945$8,764
6 years$10,970$10,340$9,746$9,187$8,661$6,593
7 years$9,308$8,684$8,099$7,553$7,044$5,089
8 years$8,063$7,443$6,869$6,336$5,843$4,001
9 years$7,094$6,481$5,916$5,397$4,921$3,187
10 years$6,320$5,712$5,158$4,652$4,193$2,565
11 years$5,687$5,086$4,541$4,049$3,606$2,081
12 years$5,160$4,564$4,030$3,551$3,125$1,698
13 years$4,714$4,125$3,600$3,135$2,725$1,392
14 years$4,332$3,749$3,235$2,783$2,389$1,146
15 years$4,002$3,425$2,921$2,482$2,103$947
16 years$3,713$3,143$2,648$2,223$1,859$784
17 years$3,458$2,894$2,410$1,997$1,648$650
18 years$3,232$2,674$2,200$1,800$1,465$541
19 years$3,030$2,479$2,014$1,626$1,306$450
20 years$2,848$2,303$1,848$1,473$1,167$375
21 years$2,684$2,145$1,700$1,337$1,044$313
22 years$2,535$2,003$1,567$1,215$936$261
23 years$2,399$1,873$1,447$1,107$840$218
24 years$2,275$1,755$1,338$1,009$755$182
25 years$2,160$1,647$1,239$922$679$152
26 years$2,055$1,548$1,149$843$612$128
27 years$1,958$1,457$1,067$772$552$107
28 years$1,868$1,373$992$707$498$89
29 years$1,784$1,295$923$648$450$75
30 years$1,706$1,223$860$595$406$63
31 years$1,633$1,156$802$546$367$52
32 years$1,565$1,094$748$502$332$44
33 years$1,501$1,036$698$462$301$37
34 years$1,441$982$653$425$272$31
35 years$1,384$931$610$391$247$26
36 years$1,331$884$571$360$223$22
37 years$1,281$839$534$332$202$18
38 years$1,233$798$500$306$184$15
39 years$1,188$759$469$282$166$13
40 years$1,146$722$439$260$151$11
41 years$1,105$687$412$240$137$9
42 years$1,067$654$386$222$124$8
43 years$1,030$623$363$204$113$6
44 years$996$594$340$189$102$5
45 years$963$567$320$174$93$4
46 years$931$541$300$161$84$4
47 years$901$516$282$149$77$3
48 years$872$492$265$138$70$3
49 years$845$470$249$127$63$2
50 years$818$449$234$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $838,000, adding $4,710 every year, while hoping to spend $36,549 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: 28/42/30 Blend
44$838,000$838,000$838,000$838,000
45$928,334$883,920$870,931$945,629
46$984,137$888,345$861,220$964,375
47$1,044,406$891,761$849,958$981,057
48$1,109,559$894,081$837,055$998,257
49$1,180,054$895,211$822,417$1,016,046
50$1,256,395$895,052$805,943$1,034,504
51$1,339,137$893,499$787,532$1,053,724
52$1,428,887$890,439$767,073$1,073,810
53$1,526,317$885,753$744,453$1,094,883
54$1,632,163$879,316$719,553$1,117,077
55$1,747,234$870,994$692,249$1,140,544
56$1,872,424$860,645$662,411$1,165,458
57$2,008,713$848,118$629,904$1,192,012
58$2,157,180$833,254$594,584$1,220,425
59$2,319,014$815,885$556,304$1,250,944
60$2,495,521$795,831$514,908$1,283,846
61$2,688,141$772,904$470,234$1,319,440
62$2,898,458$746,902$422,113$1,358,075
63$3,128,215$717,615$370,369$1,400,141
64$3,379,332$684,817$314,815$1,446,074
65$3,653,922$648,271$255,259$1,496,362
66$3,954,312$607,726$191,500$1,551,549
67$4,283,064$562,917$123,328$1,612,245
68$4,642,999$513,563$50,522$1,679,128
69$5,037,224$459,367$0$1,752,954
70$5,469,160$400,015$0$1,843,267
71$5,942,575$335,176$0$1,960,131
72$6,461,619$264,501$0$2,088,481
73$7,030,861$187,618$0$2,229,565
74$7,655,336$104,139$0$2,384,764
75$8,340,588$13,650$0$2,555,606
76$9,092,725$0$0$2,743,782
77$9,918,474$0$0$2,990,119
78$10,825,245$0$0$3,267,697
79$11,821,203$0$0$3,572,724
80$12,915,339$0$0$3,907,974
81$14,117,560$0$0$4,276,500
82$15,438,781$0$0$4,681,668
83$16,891,026$0$0$5,127,186
84$18,487,540$0$0$5,617,138
85$20,242,919$0$0$6,156,025
86$22,173,239$0$0$6,748,806
87$24,296,218$0$0$7,400,943
88$26,631,371$0$0$8,118,457
89$29,200,203$0$0$8,907,980
90$32,026,408$0$0$9,776,820
91$35,136,090$0$0$10,733,029
92$38,558,015$0$0$11,785,478
93$42,323,874$0$0$12,943,944
94$46,468,589$0$0$14,219,198
95$51,030,636$0$0$15,623,111
96$56,052,413$0$0$17,168,759
97$61,580,636$0$0$18,870,554
98$67,666,781$0$0$20,744,375
99$74,367,567$0$0$22,807,721
100$81,745,494$0$0$25,079,871