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%15.5%
1 years$64,990$64,411$63,846$63,295$62,756$61,339
2 years$32,173$31,574$30,993$30,430$29,884$28,464
3 years$21,236$20,634$20,055$19,497$18,960$17,581
4 years$15,768$15,168$14,595$14,046$13,522$12,195
5 years$12,488$11,892$11,326$10,789$10,279$9,008
6 years$10,303$9,711$9,153$8,628$8,134$6,919
7 years$8,742$8,155$7,606$7,094$6,615$5,458
8 years$7,572$6,990$6,451$5,951$5,488$4,387
9 years$6,662$6,086$5,556$5,069$4,621$3,577
10 years$5,935$5,365$4,844$4,369$3,938$2,948
11 years$5,341$4,776$4,264$3,803$3,387$2,451
12 years$4,846$4,287$3,785$3,335$2,935$2,051
13 years$4,427$3,874$3,381$2,945$2,559$1,726
14 years$4,068$3,521$3,038$2,614$2,243$1,458
15 years$3,758$3,217$2,743$2,331$1,975$1,237
16 years$3,487$2,951$2,487$2,087$1,746$1,053
17 years$3,248$2,718$2,263$1,875$1,548$898
18 years$3,035$2,512$2,066$1,690$1,376$768
19 years$2,845$2,328$1,891$1,527$1,227$658
20 years$2,675$2,163$1,736$1,383$1,096$564
21 years$2,521$2,015$1,596$1,255$981$485
22 years$2,381$1,881$1,471$1,141$879$417
23 years$2,253$1,759$1,359$1,039$789$359
24 years$2,136$1,648$1,256$948$709$309
25 years$2,029$1,547$1,164$866$638$266
26 years$1,930$1,454$1,079$792$575$230
27 years$1,839$1,368$1,002$725$518$198
28 years$1,754$1,289$932$664$468$171
29 years$1,675$1,216$867$609$422$148
30 years$1,602$1,148$808$559$382$128
31 years$1,534$1,086$753$513$345$110
32 years$1,469$1,027$702$472$312$95
33 years$1,409$973$656$434$282$83
34 years$1,353$922$613$399$256$71
35 years$1,300$875$573$367$232$62
36 years$1,250$830$536$338$210$53
37 years$1,203$788$502$312$190$46
38 years$1,158$749$470$287$172$40
39 years$1,116$712$440$265$156$35
40 years$1,076$678$413$244$142$30
41 years$1,038$645$387$225$129$26
42 years$1,002$614$363$208$117$22
43 years$968$585$340$192$106$19
44 years$935$558$320$177$96$17
45 years$904$532$300$164$87$15
46 years$874$508$282$151$79$13
47 years$846$484$265$140$72$11
48 years$819$463$249$129$65$9
49 years$793$442$234$119$59$8
50 years$768$422$220$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $787,000, adding $5,232 every year, while hoping to spend $36,302 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: 53/34/13 Blend
44$787,000$787,000$787,000$787,000
45$872,671$830,960$818,761$915,662
46$923,058$833,052$807,565$947,638
47$977,368$834,030$794,776$978,080
48$1,035,963$833,800$780,305$1,010,371
49$1,099,240$832,265$764,054$1,044,695
50$1,167,636$829,320$745,923$1,081,256
51$1,241,631$824,852$725,807$1,120,281
52$1,321,752$818,745$703,597$1,162,021
53$1,408,581$810,873$679,177$1,206,756
54$1,502,754$801,104$652,428$1,254,794
55$1,604,974$789,297$623,223$1,306,478
56$1,716,011$775,303$591,431$1,362,189
57$1,836,716$758,964$556,915$1,422,347
58$1,968,020$740,113$519,531$1,487,419
59$2,110,953$718,573$479,130$1,557,923
60$2,266,644$694,156$435,555$1,634,429
61$2,436,337$666,666$388,641$1,717,573
62$2,621,401$635,890$338,219$1,808,056
63$2,823,344$601,608$284,108$1,906,656
64$3,043,823$563,585$226,124$2,014,232
65$3,284,665$521,573$164,071$2,131,737
66$3,547,879$475,309$97,746$2,260,223
67$3,835,679$424,515$26,937$2,400,855
68$4,150,501$368,899$0$2,554,924
69$4,495,028$308,151$0$2,730,598
70$4,872,213$241,942$0$2,927,136
71$5,285,310$169,929$0$3,142,573
72$5,737,901$91,745$0$3,378,872
73$6,233,932$7,005$0$3,638,199
74$6,777,746$0$0$3,922,945
75$7,374,130$0$0$4,267,443
76$8,028,355$0$0$4,648,305
77$8,746,225$0$0$5,066,301
78$9,534,136$0$0$5,525,165
79$10,399,131$0$0$6,029,009
80$11,348,970$0$0$6,582,363
81$12,392,201$0$0$7,190,220
82$13,538,238$0$0$7,858,076
83$14,797,455$0$0$8,591,989
84$16,181,279$0$0$9,398,631
85$17,702,300$0$0$10,285,353
86$19,374,386$0$0$11,260,256
87$21,212,818$0$0$12,332,261
88$23,234,431$0$0$13,511,199
89$25,457,773$0$0$14,807,903
90$27,903,279$0$0$16,234,304
91$30,593,463$0$0$17,803,553
92$33,553,135$0$0$19,530,135
93$36,809,625$0$0$21,430,013
94$40,393,051$0$0$23,520,775
95$44,336,595$0$0$25,821,798
96$48,676,819$0$0$28,354,436
97$53,454,009$0$0$31,142,216
98$58,712,556$0$0$34,211,062
99$64,501,371$0$0$37,589,538
100$70,874,349$0$0$41,309,121