Can I retire at age 45 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$69,862$69,240$68,632$68,040$67,461$65,250
2 years$34,585$33,941$33,317$32,711$32,124$29,917
3 years$22,828$22,181$21,558$20,959$20,381$18,248
4 years$16,950$16,305$15,689$15,099$14,536$12,493
5 years$13,425$12,784$12,175$11,598$11,050$9,102
6 years$11,075$10,439$9,839$9,275$8,743$6,893
7 years$9,397$8,766$8,177$7,625$7,111$5,357
8 years$8,140$7,514$6,934$6,397$5,899$4,242
9 years$7,162$6,543$5,973$5,449$4,968$3,404
10 years$6,380$5,767$5,207$4,697$4,233$2,760
11 years$5,741$5,134$4,584$4,088$3,640$2,257
12 years$5,209$4,608$4,068$3,585$3,155$1,856
13 years$4,759$4,164$3,635$3,165$2,751$1,535
14 years$4,373$3,785$3,266$2,810$2,411$1,274
15 years$4,040$3,458$2,949$2,506$2,123$1,061
16 years$3,748$3,173$2,673$2,244$1,877$887
17 years$3,491$2,922$2,433$2,016$1,664$742
18 years$3,263$2,700$2,221$1,817$1,479$622
19 years$3,059$2,502$2,033$1,642$1,319$523
20 years$2,875$2,325$1,866$1,487$1,178$440
21 years$2,710$2,166$1,716$1,349$1,054$370
22 years$2,559$2,022$1,582$1,227$945$312
23 years$2,422$1,891$1,460$1,117$848$263
24 years$2,296$1,772$1,351$1,019$762$222
25 years$2,181$1,663$1,251$931$686$187
26 years$2,075$1,563$1,160$851$618$158
27 years$1,977$1,471$1,077$779$557$134
28 years$1,886$1,386$1,002$714$503$113
29 years$1,801$1,307$932$654$454$96
30 years$1,722$1,235$868$601$410$81
31 years$1,648$1,167$809$552$371$68
32 years$1,580$1,104$755$507$335$58
33 years$1,515$1,046$705$466$304$49
34 years$1,454$991$659$429$275$41
35 years$1,397$940$616$395$249$35
36 years$1,344$892$576$364$226$30
37 years$1,293$847$539$335$204$25
38 years$1,245$805$505$309$185$21
39 years$1,200$766$473$285$168$18
40 years$1,157$729$443$263$152$15
41 years$1,116$694$416$242$138$13
42 years$1,077$661$390$224$125$11
43 years$1,040$629$366$206$114$9
44 years$1,005$600$344$191$103$8
45 years$972$572$323$176$94$7
46 years$940$546$303$163$85$6
47 years$909$521$285$150$77$5
48 years$880$497$268$139$70$4
49 years$853$475$251$128$64$3
50 years$826$454$236$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $846,000, adding $2,567 every year, while hoping to spend $20,418 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: 58/13/29 Blend
44$846,000$846,000$846,000$846,000
45$934,940$890,102$876,989$981,607
46$1,008,579$911,992$884,643$1,035,787
47$1,089,045$934,271$891,870$1,092,474
48$1,177,013$956,935$898,633$1,153,870
49$1,273,226$979,982$904,894$1,220,439
50$1,378,501$1,003,408$910,614$1,292,692
51$1,493,739$1,027,206$915,751$1,371,191
52$1,619,933$1,051,371$920,261$1,456,557
53$1,758,174$1,075,896$924,098$1,549,471
54$1,909,665$1,100,773$927,213$1,650,688
55$2,075,731$1,125,991$929,555$1,761,038
56$2,257,832$1,151,541$931,071$1,881,436
57$2,457,574$1,177,409$931,705$2,012,891
58$2,676,726$1,203,583$931,397$2,156,514
59$2,917,240$1,230,045$930,086$2,313,532
60$3,181,262$1,256,781$927,707$2,485,294
61$3,471,157$1,283,770$924,192$2,673,290
62$3,789,532$1,310,992$919,470$2,879,161
63$4,139,258$1,338,424$913,465$3,104,718
64$4,523,496$1,366,040$906,100$3,351,953
65$4,945,730$1,393,814$897,292$3,623,066
66$5,409,799$1,421,715$886,956$3,920,480
67$5,919,930$1,449,711$875,000$4,246,866
68$6,480,782$1,477,766$861,332$4,605,168
69$7,097,487$1,505,842$845,852$4,998,632
70$7,775,700$1,533,897$828,457$5,430,836
71$8,521,649$1,561,886$809,038$5,905,722
72$9,342,200$1,589,760$787,483$6,427,638
73$10,244,914$1,617,468$763,674$7,001,374
74$11,238,124$1,644,953$737,485$7,632,212
75$12,331,010$1,672,153$708,789$8,325,973
76$13,533,689$1,699,004$677,449$9,089,072
77$14,857,305$1,725,436$643,324$9,928,582
78$16,314,141$1,751,373$606,266$10,852,298
79$17,917,728$1,776,735$566,120$11,868,812
80$19,682,976$1,801,435$522,725$12,987,594
81$21,626,316$1,825,381$475,912$14,219,081
82$23,765,849$1,848,474$425,505$15,574,779
83$26,121,525$1,870,609$371,319$17,067,369
84$28,715,325$1,891,672$313,162$18,710,825
85$31,571,468$1,911,544$250,832$20,520,554
86$34,716,643$1,930,096$184,121$22,513,533
87$38,180,261$1,947,190$112,809$24,708,474
88$41,994,727$1,962,682$36,668$27,126,004
89$46,195,750$1,976,415$0$29,788,853
90$50,822,682$1,988,224$0$32,735,872
91$55,918,882$1,997,933$0$35,993,882
92$61,532,131$2,005,356$0$39,582,038
93$67,715,082$2,010,291$0$43,533,966
94$74,525,754$2,012,529$0$47,886,721
95$82,028,082$2,011,844$0$52,681,135
96$90,292,520$2,007,998$0$57,962,206
97$99,396,704$2,000,737$0$63,779,522
98$109,426,186$1,989,792$0$70,187,726
99$120,475,243$1,974,877$0$77,247,037
100$132,647,762$1,955,691$0$85,023,813