Can I retire at age 45 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$69,697$69,076$68,470$67,879$67,302$66,105
2 years$34,503$33,861$33,238$32,634$32,048$30,847
3 years$22,774$22,128$21,507$20,909$20,333$19,164
4 years$16,910$16,267$15,652$15,064$14,502$13,374
5 years$13,393$12,753$12,146$11,570$11,024$9,941
6 years$11,049$10,414$9,816$9,253$8,723$7,686
7 years$9,375$8,746$8,157$7,607$7,094$6,104
8 years$8,120$7,497$6,918$6,382$5,885$4,941
9 years$7,145$6,527$5,958$5,436$4,956$4,057
10 years$6,365$5,753$5,195$4,686$4,223$3,369
11 years$5,728$5,122$4,573$4,078$3,632$2,822
12 years$5,197$4,597$4,059$3,577$3,147$2,380
13 years$4,748$4,154$3,626$3,158$2,744$2,018
14 years$4,363$3,776$3,258$2,803$2,406$1,720
15 years$4,030$3,450$2,942$2,500$2,118$1,471
16 years$3,739$3,165$2,667$2,238$1,872$1,263
17 years$3,483$2,915$2,427$2,011$1,660$1,087
18 years$3,255$2,693$2,215$1,813$1,476$937
19 years$3,051$2,496$2,028$1,638$1,316$810
20 years$2,868$2,320$1,861$1,483$1,175$701
21 years$2,703$2,161$1,712$1,346$1,052$608
22 years$2,553$2,017$1,578$1,224$943$527
23 years$2,416$1,886$1,457$1,115$846$458
24 years$2,291$1,767$1,347$1,017$760$398
25 years$2,176$1,659$1,248$929$684$347
26 years$2,070$1,559$1,157$849$616$302
27 years$1,972$1,467$1,075$777$556$263
28 years$1,881$1,382$999$712$501$229
29 years$1,797$1,304$930$653$453$200
30 years$1,718$1,232$866$599$409$175
31 years$1,645$1,164$807$550$370$152
32 years$1,576$1,102$753$506$335$133
33 years$1,511$1,043$703$465$303$116
34 years$1,451$989$657$428$274$102
35 years$1,394$938$614$394$248$89
36 years$1,340$890$575$363$225$78
37 years$1,290$845$538$334$204$68
38 years$1,242$803$504$308$185$59
39 years$1,197$764$472$284$168$52
40 years$1,154$727$442$262$152$45
41 years$1,113$692$415$242$138$40
42 years$1,075$659$389$223$125$35
43 years$1,038$628$365$206$114$30
44 years$1,003$599$343$190$103$26
45 years$969$571$322$176$94$23
46 years$938$544$302$162$85$20
47 years$907$520$284$150$77$18
48 years$878$496$267$138$70$15
49 years$851$474$251$128$64$14
50 years$824$452$236$118$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $844,000, adding $3,313 every year, while hoping to spend $36,848 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: 64/14/22 Blend
44$844,000$844,000$844,000$844,000
45$933,505$888,773$875,691$987,742
46$989,517$893,117$865,821$1,029,029
47$1,050,007$896,439$854,385$1,069,677
48$1,115,392$898,650$841,292$1,113,241
49$1,186,134$899,655$826,446$1,160,010
50$1,262,735$899,353$809,748$1,210,302
51$1,345,752$897,639$791,092$1,264,470
52$1,435,794$894,399$770,369$1,322,902
53$1,533,532$889,513$747,465$1,386,028
54$1,639,706$882,852$722,258$1,454,323
55$1,755,127$874,283$694,624$1,528,311
56$1,880,688$863,660$664,432$1,608,572
57$2,017,372$850,834$631,545$1,695,745
58$2,166,261$835,642$595,819$1,790,537
59$2,328,545$817,913$557,104$1,893,729
60$2,505,533$797,468$515,243$2,006,182
61$2,698,668$774,114$470,074$2,128,847
62$2,909,536$747,649$421,426$2,262,777
63$3,139,884$717,860$369,119$2,409,130
64$3,391,635$684,518$312,967$2,569,188
65$3,666,906$647,384$252,776$2,744,364
66$3,968,029$606,204$188,343$2,936,219
67$4,297,570$560,710$119,454$3,146,476
68$4,658,356$510,618$45,889$3,377,036
69$5,053,498$455,628$0$3,629,998
70$5,486,424$395,424$0$3,915,334
71$5,960,909$329,669$0$4,239,938
72$6,481,110$258,011$0$4,595,905
73$7,051,606$180,076$0$4,986,410
74$7,677,439$95,469$0$5,414,950
75$8,364,163$3,773$0$5,885,381
76$9,117,898$0$0$6,401,954
77$9,945,383$0$0$6,984,059
78$10,854,040$0$0$7,623,965
79$11,852,050$0$0$8,326,859
80$12,948,419$0$0$9,099,093
81$14,153,073$0$0$9,947,667
82$15,476,944$0$0$10,880,289
83$16,932,079$0$0$11,905,455
84$18,531,747$0$0$13,032,522
85$20,290,568$0$0$14,271,801
86$22,224,650$0$0$15,634,649
87$24,351,737$0$0$17,133,583
88$26,691,382$0$0$18,782,390
89$29,265,129$0$0$20,596,263
90$32,096,711$0$0$22,591,940
91$35,212,280$0$0$24,787,864
92$38,640,651$0$0$27,204,356
93$42,413,572$0$0$29,863,806
94$46,566,026$0$0$32,790,885
95$51,136,558$0$0$36,012,777
96$56,167,640$0$0$39,559,435
97$61,706,068$0$0$43,463,862
98$67,803,411$0$0$47,762,425
99$74,516,487$0$0$52,495,198
100$81,907,906$0$0$57,706,335