Can I retire at age 45 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$65,072$64,493$63,927$63,375$62,836$61,542
2 years$32,214$31,614$31,033$30,469$29,922$28,624
3 years$21,263$20,660$20,080$19,522$18,984$17,723
4 years$15,788$15,187$14,613$14,064$13,539$12,325
5 years$12,504$11,907$11,340$10,803$10,292$9,128
6 years$10,316$9,723$9,165$8,639$8,144$7,030
7 years$8,753$8,165$7,616$7,103$6,623$5,561
8 years$7,582$6,999$6,459$5,958$5,495$4,483
9 years$6,671$6,094$5,563$5,075$4,627$3,666
10 years$5,943$5,372$4,850$4,375$3,943$3,031
11 years$5,348$4,782$4,270$3,807$3,391$2,527
12 years$4,852$4,292$3,789$3,340$2,938$2,122
13 years$4,433$3,879$3,386$2,948$2,562$1,792
14 years$4,074$3,526$3,042$2,617$2,246$1,519
15 years$3,763$3,221$2,746$2,334$1,978$1,293
16 years$3,491$2,955$2,490$2,090$1,748$1,105
17 years$3,252$2,721$2,266$1,878$1,550$946
18 years$3,039$2,515$2,068$1,692$1,378$812
19 years$2,849$2,331$1,894$1,529$1,228$698
20 years$2,678$2,166$1,738$1,385$1,097$601
21 years$2,524$2,017$1,598$1,257$982$518
22 years$2,384$1,883$1,473$1,143$880$447
23 years$2,256$1,761$1,360$1,041$790$386
24 years$2,139$1,650$1,258$949$710$334
25 years$2,032$1,549$1,165$867$639$289
26 years$1,933$1,455$1,081$793$576$250
27 years$1,841$1,370$1,003$726$519$217
28 years$1,756$1,291$933$665$468$188
29 years$1,677$1,218$868$610$423$163
30 years$1,604$1,150$809$559$382$142
31 years$1,535$1,087$754$514$345$123
32 years$1,471$1,029$703$472$312$107
33 years$1,411$974$657$434$283$93
34 years$1,355$923$614$400$256$80
35 years$1,302$876$574$368$232$70
36 years$1,252$831$537$339$210$61
37 years$1,204$789$502$312$190$53
38 years$1,160$750$470$288$173$46
39 years$1,117$713$441$265$157$40
40 years$1,077$679$413$245$142$35
41 years$1,039$646$387$226$129$30
42 years$1,003$615$363$208$117$26
43 years$969$586$341$192$106$23
44 years$936$559$320$178$96$20
45 years$905$533$300$164$87$17
46 years$875$508$282$151$79$15
47 years$847$485$265$140$72$13
48 years$820$463$249$129$65$11
49 years$794$442$234$119$59$10
50 years$769$422$220$110$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $788,000, adding $3,654 every year, while hoping to spend $33,928 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: 52/39/9 Blend
44$788,000$788,000$788,000$788,000
45$872,145$830,381$818,167$915,310
46$925,005$834,971$809,477$949,666
47$982,119$838,648$799,358$983,044
48$1,043,886$841,333$787,727$1,018,543
49$1,110,743$842,939$774,497$1,056,373
50$1,183,172$843,376$759,575$1,096,762
51$1,261,701$842,547$742,867$1,139,966
52$1,346,912$840,349$724,271$1,186,266
53$1,439,445$836,674$703,682$1,235,976
54$1,540,004$831,407$680,990$1,289,441
55$1,649,362$824,423$656,081$1,347,043
56$1,768,372$815,595$628,835$1,409,207
57$1,897,970$804,783$599,125$1,476,402
58$2,039,187$791,842$566,820$1,549,146
59$2,193,159$776,617$531,783$1,628,014
60$2,361,135$758,944$493,871$1,713,642
61$2,544,488$738,650$452,933$1,806,733
62$2,744,732$715,551$408,813$1,908,063
63$2,963,534$689,452$361,347$2,018,493
64$3,202,727$660,147$310,365$2,138,974
65$3,464,331$627,420$255,688$2,270,558
66$3,750,568$591,039$197,129$2,414,407
67$4,063,887$550,761$134,494$2,571,806
68$4,406,984$506,328$67,579$2,744,176
69$4,782,826$457,468$0$2,933,087
70$5,194,684$403,894$0$3,140,642
71$5,646,158$345,301$0$3,375,341
72$6,141,213$281,368$0$3,632,828
73$6,684,217$211,755$0$3,915,466
74$7,279,980$136,103$0$4,225,865
75$7,933,800$54,036$0$4,566,908
76$8,651,516$0$0$4,941,774
77$9,439,555$0$0$5,368,931
78$10,305,000$0$0$5,863,596
79$11,255,653$0$0$6,407,048
80$12,300,108$0$0$7,004,212
81$13,447,833$0$0$7,660,510
82$14,709,260$0$0$8,381,921
83$16,095,878$0$0$9,175,026
84$17,620,350$0$0$10,047,080
85$19,296,623$0$0$11,006,073
86$21,140,063$0$0$12,060,811
87$23,167,603$0$0$13,220,994
88$25,397,897$0$0$14,497,310
89$27,851,497$0$0$15,901,535
90$30,551,050$0$0$17,446,644
91$33,521,505$0$0$19,146,934
92$36,790,357$0$0$21,018,156
93$40,387,895$0$0$23,077,667
94$44,347,497$0$0$25,344,592
95$48,705,940$0$0$27,840,002
96$53,503,746$0$0$30,587,118
97$58,785,567$0$0$33,611,524
98$64,600,604$0$0$36,941,412
99$71,003,070$0$0$40,607,845
100$78,052,704$0$0$44,645,055