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%19%
1 years$65,072$64,493$63,927$63,375$62,836$60,559
2 years$32,214$31,614$31,033$30,469$29,922$27,652
3 years$21,263$20,660$20,080$19,522$18,984$16,793
4 years$15,788$15,187$14,613$14,064$13,539$11,445
5 years$12,504$11,907$11,340$10,803$10,292$8,300
6 years$10,316$9,723$9,165$8,639$8,144$6,254
7 years$8,753$8,165$7,616$7,103$6,623$4,836
8 years$7,582$6,999$6,459$5,958$5,495$3,808
9 years$6,671$6,094$5,563$5,075$4,627$3,040
10 years$5,943$5,372$4,850$4,375$3,943$2,451
11 years$5,348$4,782$4,270$3,807$3,391$1,992
12 years$4,852$4,292$3,789$3,340$2,938$1,629
13 years$4,433$3,879$3,386$2,948$2,562$1,338
14 years$4,074$3,526$3,042$2,617$2,246$1,104
15 years$3,763$3,221$2,746$2,334$1,978$914
16 years$3,491$2,955$2,490$2,090$1,748$758
17 years$3,252$2,721$2,266$1,878$1,550$631
18 years$3,039$2,515$2,068$1,692$1,378$525
19 years$2,849$2,331$1,894$1,529$1,228$438
20 years$2,678$2,166$1,738$1,385$1,097$366
21 years$2,524$2,017$1,598$1,257$982$306
22 years$2,384$1,883$1,473$1,143$880$256
23 years$2,256$1,761$1,360$1,041$790$214
24 years$2,139$1,650$1,258$949$710$180
25 years$2,032$1,549$1,165$867$639$151
26 years$1,933$1,455$1,081$793$576$126
27 years$1,841$1,370$1,003$726$519$106
28 years$1,756$1,291$933$665$468$89
29 years$1,677$1,218$868$610$423$75
30 years$1,604$1,150$809$559$382$63
31 years$1,535$1,087$754$514$345$53
32 years$1,471$1,029$703$472$312$44
33 years$1,411$974$657$434$283$37
34 years$1,355$923$614$400$256$31
35 years$1,302$876$574$368$232$26
36 years$1,252$831$537$339$210$22
37 years$1,204$789$502$312$190$18
38 years$1,160$750$470$288$173$16
39 years$1,117$713$441$265$157$13
40 years$1,077$679$413$245$142$11
41 years$1,039$646$387$226$129$9
42 years$1,003$615$363$208$117$8
43 years$969$586$341$192$106$6
44 years$936$559$320$178$96$5
45 years$905$533$300$164$87$5
46 years$875$508$282$151$79$4
47 years$847$485$265$140$72$3
48 years$820$463$249$129$65$3
49 years$794$442$234$119$59$2
50 years$769$422$220$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $788,000, adding $3,984 every year, while hoping to spend $48,044 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: 54/37/9 Blend
44$788,000$788,000$788,000$788,000
45$872,485$830,721$818,507$917,447
46$910,361$820,308$794,809$937,949
47$950,489$807,775$768,706$954,659
48$993,049$792,966$740,069$971,701
49$1,038,237$775,719$708,758$989,115
50$1,086,267$755,859$674,631$1,006,949
51$1,137,373$733,203$637,538$1,025,257
52$1,191,812$707,556$597,322$1,044,101
53$1,249,864$678,714$553,820$1,063,553
54$1,311,836$646,457$506,859$1,083,696
55$1,378,066$610,556$456,262$1,104,625
56$1,448,923$570,767$401,840$1,126,448
57$1,524,811$526,833$343,400$1,149,287
58$1,606,176$478,481$280,738$1,173,282
59$1,693,503$425,424$213,640$1,198,593
60$1,787,327$367,357$141,884$1,225,398
61$1,888,236$303,959$65,238$1,253,900
62$1,996,874$234,891$0$1,284,330
63$2,113,948$159,793$0$1,318,534
64$2,240,235$78,288$0$1,362,005
65$2,376,589$0$0$1,408,822
66$2,523,949$0$0$1,463,463
67$2,683,346$0$0$1,557,104
68$2,855,912$0$0$1,658,545
69$3,042,895$0$0$1,768,524
70$3,245,663$0$0$1,887,857
71$3,465,725$0$0$2,017,439
72$3,704,736$0$0$2,158,254
73$3,964,520$0$0$2,311,386
74$4,247,081$0$0$2,478,026
75$4,554,627$0$0$2,659,487
76$4,889,584$0$0$2,857,210
77$5,254,624$0$0$3,072,785
78$5,652,687$0$0$3,307,959
79$6,087,007$0$0$3,564,655
80$6,561,148$0$0$3,844,992
81$7,079,028$0$0$4,151,301
82$7,644,965$0$0$4,486,148
83$8,263,710$0$0$4,852,359
84$8,940,493$0$0$5,253,045
85$9,681,076$0$0$5,691,633
86$10,491,801$0$0$6,171,893
87$11,379,652$0$0$6,697,982
88$12,352,322$0$0$7,274,472
89$13,418,279$0$0$7,906,404
90$14,586,855$0$0$8,599,325
91$15,868,322$0$0$9,359,349
92$17,273,997$0$0$10,193,205
93$18,816,345$0$0$11,108,310
94$20,509,095$0$0$12,112,831
95$22,367,371$0$0$13,215,765
96$24,407,830$0$0$14,427,021
97$26,648,825$0$0$15,757,518
98$29,110,570$0$0$17,219,282
99$31,815,335$0$0$18,825,563
100$34,787,654$0$0$20,590,957