Can I retire at age 45 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$69,944$69,321$68,714$68,120$67,541$65,484
2 years$34,626$33,981$33,356$32,750$32,162$30,108
3 years$22,855$22,207$21,584$20,983$20,405$18,417
4 years$16,970$16,325$15,707$15,117$14,553$12,647
5 years$13,440$12,799$12,190$11,612$11,063$9,244
6 years$11,088$10,451$9,851$9,286$8,754$7,023
7 years$9,408$8,777$8,186$7,634$7,119$5,477
8 years$8,149$7,523$6,943$6,404$5,906$4,352
9 years$7,170$6,550$5,980$5,455$4,974$3,505
10 years$6,388$5,774$5,213$4,702$4,238$2,853
11 years$5,748$5,140$4,590$4,092$3,645$2,342
12 years$5,215$4,613$4,073$3,590$3,158$1,934
13 years$4,765$4,169$3,639$3,169$2,754$1,606
14 years$4,379$3,790$3,270$2,813$2,414$1,338
15 years$4,045$3,462$2,952$2,509$2,126$1,120
16 years$3,753$3,176$2,677$2,246$1,879$939
17 years$3,495$2,925$2,436$2,018$1,666$790
18 years$3,267$2,703$2,223$1,819$1,481$665
19 years$3,062$2,505$2,035$1,644$1,320$561
20 years$2,879$2,328$1,868$1,489$1,179$474
21 years$2,713$2,168$1,718$1,351$1,055$401
22 years$2,562$2,024$1,584$1,228$946$340
23 years$2,425$1,893$1,462$1,119$849$288
24 years$2,299$1,774$1,352$1,020$763$244
25 years$2,184$1,665$1,252$932$687$207
26 years$2,077$1,564$1,162$852$619$176
27 years$1,979$1,472$1,079$780$558$149
28 years$1,888$1,387$1,003$715$503$127
29 years$1,803$1,309$933$655$454$108
30 years$1,724$1,236$869$601$411$92
31 years$1,650$1,168$810$552$371$78
32 years$1,581$1,106$756$508$336$66
33 years$1,517$1,047$706$467$304$56
34 years$1,456$992$660$429$275$48
35 years$1,399$941$617$395$249$41
36 years$1,345$893$577$364$226$35
37 years$1,294$848$540$335$205$29
38 years$1,246$806$506$309$186$25
39 years$1,201$767$474$285$168$21
40 years$1,158$730$444$263$153$18
41 years$1,117$694$416$243$138$15
42 years$1,078$661$391$224$126$13
43 years$1,041$630$366$207$114$11
44 years$1,006$601$344$191$103$10
45 years$973$573$323$176$94$8
46 years$941$546$303$163$85$7
47 years$911$521$285$150$77$6
48 years$881$498$268$139$70$5
49 years$854$475$252$128$64$4
50 years$827$454$237$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $847,000, adding $4,370 every year, while hoping to spend $31,430 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: 66/28/6 Blend
44$847,000$847,000$847,000$847,000
45$937,902$893,011$879,882$998,637
46$1,000,126$903,327$875,917$1,049,830
47$1,067,645$913,095$870,765$1,101,575
48$1,140,963$922,256$864,355$1,157,284
49$1,220,639$930,744$856,609$1,217,340
50$1,307,286$938,492$847,447$1,282,164
51$1,401,579$945,428$836,786$1,352,220
52$1,504,259$951,473$824,537$1,428,019
53$1,616,144$956,545$810,609$1,510,127
54$1,738,132$960,558$794,906$1,599,165
55$1,871,213$963,417$777,327$1,695,819
56$2,016,475$965,023$757,767$1,800,846
57$2,175,118$965,271$736,114$1,915,080
58$2,348,461$964,051$712,255$2,039,440
59$2,537,957$961,241$686,068$2,174,942
60$2,745,204$956,718$657,427$2,322,704
61$2,971,965$950,347$626,201$2,483,959
62$3,220,178$941,987$592,251$2,660,067
63$3,491,978$931,486$555,433$2,852,529
64$3,789,717$918,686$515,598$3,063,000
65$4,115,985$903,419$472,587$3,293,302
66$4,473,633$885,504$426,236$3,545,448
67$4,865,802$864,752$376,374$3,821,656
68$5,295,953$840,964$322,821$4,124,373
69$5,767,894$813,925$265,390$4,456,295
70$6,285,824$783,412$203,885$4,820,398
71$6,854,365$749,186$138,102$5,219,962
72$7,478,610$710,996$67,828$5,658,603
73$8,164,169$668,576$0$6,140,310
74$8,917,221$621,643$0$6,669,939
75$9,744,574$569,899$0$7,256,544
76$10,653,727$513,032$0$7,901,141
77$11,652,944$450,706$0$8,609,641
78$12,751,325$382,572$0$9,388,561
79$13,958,899$308,257$0$10,245,086
80$15,286,714$227,369$0$11,187,136
81$16,746,943$139,494$0$12,223,442
82$18,352,996$44,194$0$13,363,631
83$20,119,649$0$0$14,618,313
84$22,063,183$0$0$16,017,362
85$24,201,533$0$0$17,571,693
86$26,554,464$0$0$19,282,064
87$29,143,752$0$0$21,164,312
88$31,993,391$0$0$23,235,887
89$35,129,817$0$0$25,516,016
90$38,582,162$0$0$28,025,885
91$42,382,522$0$0$30,788,839
92$46,566,266$0$0$33,830,600
93$51,172,365$0$0$37,179,511
94$56,243,761$0$0$40,866,805
95$61,827,771$0$0$44,926,894
96$67,976,536$0$0$49,397,701
97$74,747,507$0$0$54,321,010
98$82,203,995$0$0$59,742,866
99$90,415,760$0$0$65,714,006
100$99,459,675$0$0$72,290,339