Can I retire at age 45 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$64,990$64,411$63,846$63,295$62,756$60,992
2 years$32,173$31,574$30,993$30,430$29,884$28,120
3 years$21,236$20,634$20,055$19,497$18,960$17,251
4 years$15,768$15,168$14,595$14,046$13,522$11,882
5 years$12,488$11,892$11,326$10,789$10,279$8,712
6 years$10,303$9,711$9,153$8,628$8,134$6,641
7 years$8,742$8,155$7,606$7,094$6,615$5,197
8 years$7,572$6,990$6,451$5,951$5,488$4,144
9 years$6,662$6,086$5,556$5,069$4,621$3,350
10 years$5,935$5,365$4,844$4,369$3,938$2,737
11 years$5,341$4,776$4,264$3,803$3,387$2,255
12 years$4,846$4,287$3,785$3,335$2,935$1,870
13 years$4,427$3,874$3,381$2,945$2,559$1,559
14 years$4,068$3,521$3,038$2,614$2,243$1,305
15 years$3,758$3,217$2,743$2,331$1,975$1,096
16 years$3,487$2,951$2,487$2,087$1,746$923
17 years$3,248$2,718$2,263$1,875$1,548$780
18 years$3,035$2,512$2,066$1,690$1,376$660
19 years$2,845$2,328$1,891$1,527$1,227$559
20 years$2,675$2,163$1,736$1,383$1,096$475
21 years$2,521$2,015$1,596$1,255$981$403
22 years$2,381$1,881$1,471$1,141$879$343
23 years$2,253$1,759$1,359$1,039$789$292
24 years$2,136$1,648$1,256$948$709$249
25 years$2,029$1,547$1,164$866$638$212
26 years$1,930$1,454$1,079$792$575$181
27 years$1,839$1,368$1,002$725$518$154
28 years$1,754$1,289$932$664$468$132
29 years$1,675$1,216$867$609$422$113
30 years$1,602$1,148$808$559$382$96
31 years$1,534$1,086$753$513$345$82
32 years$1,469$1,027$702$472$312$70
33 years$1,409$973$656$434$282$60
34 years$1,353$922$613$399$256$51
35 years$1,300$875$573$367$232$44
36 years$1,250$830$536$338$210$37
37 years$1,203$788$502$312$190$32
38 years$1,158$749$470$287$172$27
39 years$1,116$712$440$265$156$23
40 years$1,076$678$413$244$142$20
41 years$1,038$645$387$225$129$17
42 years$1,002$614$363$208$117$15
43 years$968$585$340$192$106$13
44 years$935$558$320$177$96$11
45 years$904$532$300$164$87$9
46 years$874$508$282$151$79$8
47 years$846$484$265$140$72$7
48 years$819$463$249$129$65$6
49 years$793$442$234$119$59$5
50 years$768$422$220$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $787,000, adding $6,070 every year, while hoping to spend $28,219 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: 75/19/6 Blend
44$787,000$787,000$787,000$787,000
45$873,535$831,824$819,626$938,043
46$932,611$842,559$817,058$992,036
47$996,767$852,874$813,459$1,046,976
48$1,066,491$862,718$808,764$1,106,360
49$1,142,320$872,039$802,905$1,170,616
50$1,224,847$880,778$795,812$1,240,217
51$1,314,720$888,875$787,411$1,315,684
52$1,412,656$896,265$777,623$1,397,591
53$1,519,442$902,877$766,369$1,486,570
54$1,635,945$908,638$753,562$1,583,317
55$1,763,119$913,469$739,115$1,688,600
56$1,902,015$917,287$722,933$1,803,265
57$2,053,789$920,002$704,919$1,928,243
58$2,219,713$921,520$684,971$2,064,561
59$2,401,189$921,740$662,983$2,213,352
60$2,599,760$920,555$638,843$2,375,863
61$2,817,126$917,852$612,435$2,553,467
62$3,055,157$913,511$583,635$2,747,681
63$3,315,913$907,404$552,317$2,960,173
64$3,601,665$899,394$518,348$3,192,785
65$3,914,910$889,340$481,588$3,447,544
66$4,258,401$877,088$441,892$3,726,685
67$4,635,169$862,477$399,107$4,032,674
68$5,048,554$845,336$353,075$4,368,225
69$5,502,233$825,484$303,629$4,736,332
70$6,000,258$802,729$250,597$5,140,295
71$6,547,090$776,869$193,798$5,583,750
72$7,147,645$747,687$133,042$6,070,705
73$7,807,338$714,957$68,132$6,605,580
74$8,532,135$678,439$0$7,193,242
75$9,328,607$637,877$0$7,839,134
76$10,203,995$593,003$0$8,553,758
77$11,166,274$543,532$0$9,339,284
78$12,224,232$489,163$0$10,202,914
79$13,387,550$429,578$0$11,152,586
80$14,666,895$364,442$0$12,197,050
81$16,074,018$293,399$0$13,345,948
82$17,621,867$216,075$0$14,609,906
83$19,324,708$132,074$0$16,000,636
84$21,198,260$40,977$0$17,531,047
85$23,259,840$0$0$19,215,364
86$25,528,531$0$0$21,081,320
87$28,025,359$0$0$23,144,380
88$30,773,490$0$0$25,415,125
89$33,798,451$0$0$27,914,652
90$37,128,369$0$0$30,666,207
91$40,794,237$0$0$33,695,404
92$44,830,204$0$0$37,030,469
93$49,273,902$0$0$40,702,501
94$54,166,793$0$0$44,745,771
95$59,554,569$0$0$49,198,041
96$65,487,575$0$0$54,100,920
97$72,021,288$0$0$59,500,260
98$79,216,840$0$0$65,446,586
99$87,141,594$0$0$71,995,572
100$95,869,779$0$0$79,208,568