Can I retire at age 45 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$64,825$64,247$63,684$63,134$62,597$60,090
2 years$32,091$31,494$30,914$30,353$29,808$27,313
3 years$21,182$20,581$20,004$19,447$18,911$16,508
4 years$15,728$15,130$14,558$14,011$13,488$11,194
5 years$12,457$11,862$11,297$10,762$10,253$8,075
6 years$10,276$9,686$9,130$8,606$8,113$6,051
7 years$8,720$8,134$7,587$7,076$6,598$4,652
8 years$7,553$6,973$6,434$5,936$5,474$3,642
9 years$6,646$6,071$5,542$5,056$4,610$2,889
10 years$5,920$5,351$4,832$4,358$3,928$2,315
11 years$5,327$4,764$4,254$3,793$3,378$1,869
12 years$4,833$4,276$3,775$3,327$2,927$1,518
13 years$4,416$3,864$3,373$2,937$2,553$1,239
14 years$4,058$3,512$3,030$2,607$2,238$1,015
15 years$3,749$3,209$2,736$2,325$1,970$834
16 years$3,478$2,944$2,481$2,082$1,741$687
17 years$3,239$2,711$2,257$1,871$1,544$567
18 years$3,027$2,505$2,061$1,686$1,373$469
19 years$2,838$2,322$1,886$1,523$1,224$388
20 years$2,668$2,158$1,731$1,380$1,093$322
21 years$2,514$2,010$1,592$1,252$978$267
22 years$2,375$1,876$1,468$1,138$877$222
23 years$2,247$1,755$1,355$1,037$787$184
24 years$2,131$1,644$1,253$946$707$153
25 years$2,024$1,543$1,161$864$636$127
26 years$1,925$1,450$1,077$790$573$106
27 years$1,834$1,365$1,000$723$517$88
28 years$1,750$1,286$929$662$466$73
29 years$1,671$1,213$865$607$421$61
30 years$1,598$1,146$806$557$381$51
31 years$1,530$1,083$751$512$344$42
32 years$1,466$1,025$701$470$311$35
33 years$1,406$970$654$433$282$29
34 years$1,350$920$611$398$255$24
35 years$1,297$872$571$366$231$20
36 years$1,247$828$535$337$209$17
37 years$1,200$786$500$311$190$14
38 years$1,155$747$469$287$172$12
39 years$1,113$711$439$264$156$10
40 years$1,073$676$411$244$141$8
41 years$1,035$644$386$225$128$7
42 years$999$613$362$208$116$6
43 years$965$584$340$192$106$5
44 years$933$557$319$177$96$4
45 years$902$531$299$163$87$3
46 years$872$506$281$151$79$3
47 years$844$483$264$139$72$2
48 years$817$461$248$129$65$2
49 years$791$441$233$119$59$2
50 years$766$421$219$110$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $785,000, adding $6,775 every year, while hoping to spend $29,117 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: 55/19/26 Blend
44$785,000$785,000$785,000$785,000
45$872,058$830,453$818,286$913,436
46$930,028$840,165$814,718$952,363
47$992,935$849,377$810,055$991,146
48$1,061,251$858,034$804,229$1,032,787
49$1,135,498$866,077$797,170$1,077,571
50$1,216,247$873,442$788,803$1,125,812
51$1,304,127$880,064$779,051$1,177,857
52$1,399,831$885,871$767,833$1,234,091
53$1,504,122$890,786$755,063$1,294,937
54$1,617,838$894,731$740,653$1,360,864
55$1,741,903$897,617$724,510$1,432,390
56$1,877,332$899,355$706,536$1,510,086
57$2,025,243$899,848$686,629$1,594,583
58$2,186,870$898,992$664,682$1,686,578
59$2,363,566$896,678$640,585$1,786,842
60$2,556,825$892,790$614,220$1,896,225
61$2,768,290$887,205$585,464$2,015,666
62$2,999,770$879,793$554,192$2,146,201
63$3,253,258$870,415$520,269$2,288,974
64$3,530,949$858,924$483,557$2,445,250
65$3,835,258$845,164$443,909$2,616,422
66$4,168,848$828,970$401,174$2,804,030
67$4,534,650$810,169$355,192$3,009,774
68$4,935,892$788,575$305,798$3,235,529
69$5,376,129$763,992$252,819$3,483,364
70$5,859,280$736,212$196,074$3,755,565
71$6,389,657$705,018$135,373$4,054,650
72$6,972,014$670,175$70,520$4,383,403
73$7,611,586$631,440$1,309$4,744,891
74$8,314,139$588,552$0$5,142,501
75$9,086,027$541,237$0$5,600,096
76$9,934,249$489,205$0$6,103,366
77$10,866,515$432,149$0$6,656,559
78$11,891,320$369,744$0$7,264,759
79$13,018,022$301,649$0$7,933,569
80$14,256,932$227,502$0$8,669,166
81$15,619,410$146,921$0$9,478,358
82$17,117,971$59,501$0$10,368,650
83$18,766,405$0$0$11,348,314
84$20,579,905$0$0$12,433,825
85$22,575,210$0$0$13,641,930
86$24,770,765$0$0$14,971,368
87$27,186,893$0$0$16,434,454
88$29,845,986$0$0$18,044,759
89$32,772,716$0$0$19,817,236
90$35,994,269$0$0$21,768,361
91$39,540,601$0$0$23,916,288
92$43,444,718$0$0$26,281,021
93$47,742,991$0$0$28,884,604
94$52,475,496$0$0$31,751,324
95$57,686,392$0$0$34,907,944
96$63,424,339$0$0$38,383,957
97$69,742,955$0$0$42,211,858
98$76,701,325$0$0$46,427,456
99$84,364,552$0$0$51,070,210
100$92,804,379$0$0$56,183,600