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%12.2%
1 years$65,072$64,493$63,927$63,375$62,836$62,258
2 years$32,214$31,614$31,033$30,469$29,922$29,339
3 years$21,263$20,660$20,080$19,522$18,984$18,415
4 years$15,788$15,187$14,613$14,064$13,539$12,988
5 years$12,504$11,907$11,340$10,803$10,292$9,761
6 years$10,316$9,723$9,165$8,639$8,144$7,633
7 years$8,753$8,165$7,616$7,103$6,623$6,133
8 years$7,582$6,999$6,459$5,958$5,495$5,025
9 years$6,671$6,094$5,563$5,075$4,627$4,178
10 years$5,943$5,372$4,850$4,375$3,943$3,514
11 years$5,348$4,782$4,270$3,807$3,391$2,982
12 years$4,852$4,292$3,789$3,340$2,938$2,549
13 years$4,433$3,879$3,386$2,948$2,562$2,191
14 years$4,074$3,526$3,042$2,617$2,246$1,894
15 years$3,763$3,221$2,746$2,334$1,978$1,643
16 years$3,491$2,955$2,490$2,090$1,748$1,431
17 years$3,252$2,721$2,266$1,878$1,550$1,250
18 years$3,039$2,515$2,068$1,692$1,378$1,094
19 years$2,849$2,331$1,894$1,529$1,228$960
20 years$2,678$2,166$1,738$1,385$1,097$844
21 years$2,524$2,017$1,598$1,257$982$743
22 years$2,384$1,883$1,473$1,143$880$656
23 years$2,256$1,761$1,360$1,041$790$579
24 years$2,139$1,650$1,258$949$710$512
25 years$2,032$1,549$1,165$867$639$453
26 years$1,933$1,455$1,081$793$576$401
27 years$1,841$1,370$1,003$726$519$355
28 years$1,756$1,291$933$665$468$315
29 years$1,677$1,218$868$610$423$280
30 years$1,604$1,150$809$559$382$248
31 years$1,535$1,087$754$514$345$220
32 years$1,471$1,029$703$472$312$196
33 years$1,411$974$657$434$283$174
34 years$1,355$923$614$400$256$155
35 years$1,302$876$574$368$232$138
36 years$1,252$831$537$339$210$122
37 years$1,204$789$502$312$190$109
38 years$1,160$750$470$288$173$97
39 years$1,117$713$441$265$157$86
40 years$1,077$679$413$245$142$77
41 years$1,039$646$387$226$129$68
42 years$1,003$615$363$208$117$61
43 years$969$586$341$192$106$54
44 years$936$559$320$178$96$48
45 years$905$533$300$164$87$43
46 years$875$508$282$151$79$38
47 years$847$485$265$140$72$34
48 years$820$463$249$129$65$30
49 years$794$442$234$119$59$27
50 years$769$422$220$110$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $788,000, adding $2,946 every year, while hoping to spend $50,052 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: 74/21/5 Blend
44$788,000$788,000$788,000$788,000
45$871,415$829,651$817,437$935,360
46$907,044$817,049$791,566$965,225
47$944,630$802,152$763,151$991,272
48$984,320$784,794$732,054$1,018,359
49$1,026,273$764,801$698,130$1,046,570
50$1,070,663$741,988$661,228$1,075,998
51$1,117,683$716,157$621,192$1,106,749
52$1,167,540$687,102$577,855$1,138,937
53$1,220,462$654,603$531,045$1,172,692
54$1,276,697$618,427$480,584$1,208,157
55$1,336,518$578,328$426,281$1,245,488
56$1,400,224$534,047$367,942$1,284,863
57$1,468,140$485,308$305,362$1,326,477
58$1,540,624$431,822$238,325$1,370,546
59$1,618,067$373,281$166,609$1,417,310
60$1,700,899$309,361$89,979$1,467,037
61$1,789,591$239,719$8,193$1,520,022
62$1,884,657$163,993$0$1,576,593
63$1,986,665$81,802$0$1,641,333
64$2,096,236$0$0$1,711,168
65$2,214,051$0$0$1,787,800
66$2,340,859$0$0$1,890,652
67$2,477,482$0$0$2,001,490
68$2,624,824$0$0$2,121,050
69$2,783,875$0$0$2,250,141
70$2,955,726$0$0$2,389,650
71$3,141,575$0$0$2,540,555
72$3,342,738$0$0$2,703,927
73$3,560,662$0$0$2,880,946
74$3,796,939$0$0$3,072,910
75$4,053,318$0$0$3,281,245
76$4,331,725$0$0$3,507,519
77$4,634,275$0$0$3,753,457
78$4,963,298$0$0$4,020,960
79$5,321,355$0$0$4,312,113
80$5,711,267$0$0$4,629,217
81$6,136,134$0$0$4,974,799
82$6,599,370$0$0$5,351,642
83$7,104,733$0$0$5,762,810
84$7,656,358$0$0$6,211,674
85$8,258,797$0$0$6,701,946
86$8,917,063$0$0$7,237,710
87$9,636,671$0$0$7,823,466
88$10,423,697$0$0$8,464,166
89$11,284,827$0$0$9,165,262
90$12,227,428$0$0$9,932,759
91$13,259,607$0$0$10,773,269
92$14,390,296$0$0$11,694,073
93$15,629,328$0$0$12,703,190
94$16,987,535$0$0$13,809,451
95$18,476,846$0$0$15,022,583
96$20,110,399$0$0$16,353,298
97$21,902,665$0$0$17,813,396
98$23,869,584$0$0$19,415,873
99$26,028,713$0$0$21,175,047
100$28,399,393$0$0$23,106,688