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%11%
1 years$64,825$64,247$63,684$63,134$62,597$62,333
2 years$32,091$31,494$30,914$30,353$29,808$29,542
3 years$21,182$20,581$20,004$19,447$18,911$18,651
4 years$15,728$15,130$14,558$14,011$13,488$13,235
5 years$12,457$11,862$11,297$10,762$10,253$10,009
6 years$10,276$9,686$9,130$8,606$8,113$7,877
7 years$8,720$8,134$7,587$7,076$6,598$6,371
8 years$7,553$6,973$6,434$5,936$5,474$5,256
9 years$6,646$6,071$5,542$5,056$4,610$4,401
10 years$5,920$5,351$4,832$4,358$3,928$3,728
11 years$5,327$4,764$4,254$3,793$3,378$3,187
12 years$4,833$4,276$3,775$3,327$2,927$2,744
13 years$4,416$3,864$3,373$2,937$2,553$2,378
14 years$4,058$3,512$3,030$2,607$2,238$2,071
15 years$3,749$3,209$2,736$2,325$1,970$1,812
16 years$3,478$2,944$2,481$2,082$1,741$1,591
17 years$3,239$2,711$2,257$1,871$1,544$1,401
18 years$3,027$2,505$2,061$1,686$1,373$1,237
19 years$2,838$2,322$1,886$1,523$1,224$1,095
20 years$2,668$2,158$1,731$1,380$1,093$971
21 years$2,514$2,010$1,592$1,252$978$863
22 years$2,375$1,876$1,468$1,138$877$768
23 years$2,247$1,755$1,355$1,037$787$684
24 years$2,131$1,644$1,253$946$707$610
25 years$2,024$1,543$1,161$864$636$545
26 years$1,925$1,450$1,077$790$573$487
27 years$1,834$1,365$1,000$723$517$436
28 years$1,750$1,286$929$662$466$390
29 years$1,671$1,213$865$607$421$349
30 years$1,598$1,146$806$557$381$313
31 years$1,530$1,083$751$512$344$281
32 years$1,466$1,025$701$470$311$252
33 years$1,406$970$654$433$282$226
34 years$1,350$920$611$398$255$203
35 years$1,297$872$571$366$231$182
36 years$1,247$828$535$337$209$164
37 years$1,200$786$500$311$190$147
38 years$1,155$747$469$287$172$132
39 years$1,113$711$439$264$156$119
40 years$1,073$676$411$244$141$107
41 years$1,035$644$386$225$128$96
42 years$999$613$362$208$116$87
43 years$965$584$340$192$106$78
44 years$933$557$319$177$96$70
45 years$902$531$299$163$87$63
46 years$872$506$281$151$79$57
47 years$844$483$264$139$72$51
48 years$817$461$248$129$65$46
49 years$791$441$233$119$59$41
50 years$766$421$219$110$54$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $785,000, adding $3,582 every year, while hoping to spend $31,691 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: 23/50/27 Blend
44$785,000$785,000$785,000$785,000
45$868,765$827,160$814,992$881,251
46$923,660$833,972$808,576$899,080
47$983,092$840,055$800,882$915,248
48$1,047,491$845,341$791,835$931,881
49$1,117,328$849,756$781,354$949,038
50$1,193,123$853,221$769,357$966,785
51$1,275,446$855,654$755,755$985,200
52$1,364,927$856,966$740,458$1,004,369
53$1,462,254$857,063$723,369$1,024,393
54$1,568,190$855,844$704,387$1,045,383
55$1,683,570$853,205$683,408$1,067,466
56$1,809,314$849,032$660,323$1,090,787
57$1,946,436$843,207$635,015$1,115,507
58$2,096,050$835,602$607,366$1,141,809
59$2,259,384$826,083$577,250$1,169,900
60$2,437,789$814,509$544,535$1,200,009
61$2,632,751$800,727$509,085$1,232,397
62$2,845,908$784,579$470,755$1,267,354
63$3,079,062$765,895$429,397$1,305,209
64$3,334,198$744,496$384,854$1,346,325
65$3,613,502$720,192$336,963$1,391,112
66$3,919,381$692,783$285,552$1,440,027
67$4,254,484$662,056$230,444$1,493,581
68$4,621,730$627,785$171,453$1,552,343
69$5,024,334$589,734$108,385$1,616,950
70$5,465,836$547,651$41,035$1,688,111
71$5,950,136$501,270$0$1,766,615
72$6,481,528$450,311$0$1,862,227
73$7,064,742$394,475$0$1,980,234
74$7,704,991$333,449$0$2,109,959
75$8,408,014$266,902$0$2,252,681
76$9,180,134$194,483$0$2,409,819
77$10,028,318$115,822$0$2,582,944
78$10,960,238$30,529$0$2,773,796
79$11,984,348$0$0$2,984,299
80$13,109,962$0$0$3,250,594
81$14,347,340$0$0$3,561,943
82$15,707,785$0$0$3,904,414
83$17,203,752$0$0$4,281,160
84$18,848,962$0$0$4,695,657
85$20,658,531$0$0$5,151,733
86$22,649,115$0$0$5,653,609
87$24,839,068$0$0$6,205,933
88$27,248,607$0$0$6,813,827
89$29,900,011$0$0$7,482,935
90$32,817,829$0$0$8,219,476
91$36,029,106$0$0$9,030,302
92$39,563,645$0$0$9,922,965
93$43,454,283$0$0$10,905,784
94$47,737,204$0$0$11,987,927
95$52,452,276$0$0$13,179,495
96$57,643,431$0$0$14,491,621
97$63,359,075$0$0$15,936,569
98$69,652,550$0$0$17,527,857
99$76,582,631$0$0$19,280,378
100$84,214,084$0$0$21,210,543