Can I retire at age 45 with 788,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$65,072$64,493$63,927$63,375$62,836$62,077
2 years$32,214$31,614$31,033$30,469$29,922$29,158
3 years$21,263$20,660$20,080$19,522$18,984$18,238
4 years$15,788$15,187$14,613$14,064$13,539$12,819
5 years$12,504$11,907$11,340$10,803$10,292$9,598
6 years$10,316$9,723$9,165$8,639$8,144$7,478
7 years$8,753$8,165$7,616$7,103$6,623$5,985
8 years$7,582$6,999$6,459$5,958$5,495$4,884
9 years$6,671$6,094$5,563$5,075$4,627$4,044
10 years$5,943$5,372$4,850$4,375$3,943$3,387
11 years$5,348$4,782$4,270$3,807$3,391$2,861
12 years$4,852$4,292$3,789$3,340$2,938$2,435
13 years$4,433$3,879$3,386$2,948$2,562$2,084
14 years$4,074$3,526$3,042$2,617$2,246$1,793
15 years$3,763$3,221$2,746$2,334$1,978$1,548
16 years$3,491$2,955$2,490$2,090$1,748$1,342
17 years$3,252$2,721$2,266$1,878$1,550$1,166
18 years$3,039$2,515$2,068$1,692$1,378$1,016
19 years$2,849$2,331$1,894$1,529$1,228$887
20 years$2,678$2,166$1,738$1,385$1,097$776
21 years$2,524$2,017$1,598$1,257$982$680
22 years$2,384$1,883$1,473$1,143$880$596
23 years$2,256$1,761$1,360$1,041$790$524
24 years$2,139$1,650$1,258$949$710$460
25 years$2,032$1,549$1,165$867$639$405
26 years$1,933$1,455$1,081$793$576$357
27 years$1,841$1,370$1,003$726$519$314
28 years$1,756$1,291$933$665$468$277
29 years$1,677$1,218$868$610$423$245
30 years$1,604$1,150$809$559$382$216
31 years$1,535$1,087$754$514$345$191
32 years$1,471$1,029$703$472$312$168
33 years$1,411$974$657$434$283$149
34 years$1,355$923$614$400$256$132
35 years$1,302$876$574$368$232$116
36 years$1,252$831$537$339$210$103
37 years$1,204$789$502$312$190$91
38 years$1,160$750$470$288$173$80
39 years$1,117$713$441$265$157$71
40 years$1,077$679$413$245$142$63
41 years$1,039$646$387$226$129$56
42 years$1,003$615$363$208$117$49
43 years$969$586$341$192$106$44
44 years$936$559$320$178$96$39
45 years$905$533$300$164$87$34
46 years$875$508$282$151$79$30
47 years$847$485$265$140$72$27
48 years$820$463$249$129$65$24
49 years$794$442$234$119$59$21
50 years$769$422$220$110$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $788,000, adding $5,880 every year, while hoping to spend $40,401 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: 55/25/20 Blend
44$788,000$788,000$788,000$788,000
45$874,441$832,677$820,463$917,503
46$920,648$830,492$804,962$945,413
47$970,214$826,846$787,588$971,009
48$1,023,438$821,624$768,235$998,004
49$1,080,651$814,706$746,793$1,026,542
50$1,142,213$805,962$723,147$1,056,786
51$1,208,522$795,258$697,175$1,088,915
52$1,280,014$782,447$668,753$1,123,130
53$1,357,166$767,378$637,747$1,159,654
54$1,440,505$749,888$604,020$1,198,734
55$1,530,610$729,806$567,428$1,240,646
56$1,628,115$706,949$527,820$1,285,698
57$1,733,720$681,126$485,038$1,334,228
58$1,848,191$652,134$438,919$1,386,616
59$1,972,374$619,756$389,290$1,443,281
60$2,107,197$583,765$335,973$1,504,690
61$2,253,682$543,920$278,778$1,571,360
62$2,412,952$499,967$217,512$1,643,865
63$2,586,244$451,635$151,969$1,722,842
64$2,774,917$398,642$81,936$1,808,995
65$2,980,468$340,685$7,191$1,903,109
66$3,204,545$277,448$0$2,006,049
67$3,448,960$208,594$0$2,134,264
68$3,715,708$133,769$0$2,275,975
69$4,006,985$52,599$0$2,430,879
70$4,325,209$0$0$2,600,336
71$4,673,042$0$0$2,795,565
72$5,053,414$0$0$3,024,950
73$5,469,550$0$0$3,275,976
74$5,925,005$0$0$3,550,794
75$6,423,688$0$0$3,851,775
76$6,969,909$0$0$4,181,529
77$7,568,411$0$0$4,542,928
78$8,224,419$0$0$4,939,140
79$8,943,687$0$0$5,373,649
80$9,732,552$0$0$5,850,296
81$10,597,994$0$0$6,373,309
82$11,547,702$0$0$6,947,348
83$12,590,144$0$0$7,577,543
84$13,734,650$0$0$8,269,548
85$14,991,496$0$0$9,029,589
86$16,372,001$0$0$9,864,525
87$17,888,635$0$0$10,781,913
88$19,555,137$0$0$11,790,078
89$21,386,641$0$0$12,898,190
90$23,399,820$0$0$14,116,354
91$25,613,043$0$0$15,455,701
92$28,046,548$0$0$16,928,494
93$30,722,631$0$0$18,548,247
94$33,665,857$0$0$20,329,845
95$36,903,293$0$0$22,289,691
96$40,464,757$0$0$24,445,857
97$44,383,107$0$0$26,818,254
98$48,694,543$0$0$29,428,822
99$53,438,953$0$0$32,301,733
100$58,660,286$0$0$35,463,623