Can I retire at age 45 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$65,155$64,575$64,008$63,456$62,916$62,546
2 years$32,255$31,654$31,072$30,508$29,960$29,586
3 years$21,290$20,686$20,106$19,546$19,008$18,643
4 years$15,808$15,207$14,632$14,082$13,557$13,202
5 years$12,520$11,922$11,355$10,816$10,305$9,963
6 years$10,329$9,735$9,176$8,650$8,154$7,825
7 years$8,764$8,176$7,626$7,112$6,632$6,315
8 years$7,591$7,008$6,467$5,966$5,502$5,198
9 years$6,679$6,102$5,570$5,082$4,633$4,342
10 years$5,950$5,378$4,856$4,380$3,948$3,669
11 years$5,354$4,788$4,275$3,812$3,395$3,129
12 years$4,858$4,298$3,794$3,344$2,942$2,688
13 years$4,438$3,884$3,390$2,952$2,566$2,323
14 years$4,079$3,530$3,046$2,621$2,249$2,018
15 years$3,768$3,225$2,750$2,337$1,980$1,761
16 years$3,496$2,959$2,493$2,093$1,750$1,541
17 years$3,256$2,725$2,269$1,880$1,552$1,354
18 years$3,043$2,518$2,071$1,694$1,380$1,192
19 years$2,853$2,334$1,896$1,531$1,230$1,052
20 years$2,682$2,169$1,740$1,387$1,098$930
21 years$2,527$2,020$1,600$1,258$983$824
22 years$2,387$1,885$1,475$1,144$881$731
23 years$2,259$1,763$1,362$1,042$791$650
24 years$2,142$1,652$1,260$950$711$578
25 years$2,034$1,551$1,167$868$640$514
26 years$1,935$1,457$1,082$794$576$458
27 years$1,843$1,371$1,005$726$520$409
28 years$1,759$1,292$934$666$469$365
29 years$1,680$1,219$869$610$423$326
30 years$1,606$1,151$810$560$382$291
31 years$1,537$1,088$755$514$346$260
32 years$1,473$1,030$704$473$313$233
33 years$1,413$975$658$435$283$208
34 years$1,356$924$614$400$256$186
35 years$1,303$877$574$368$232$167
36 years$1,253$832$537$339$210$149
37 years$1,206$790$503$312$191$134
38 years$1,161$751$471$288$173$120
39 years$1,119$714$441$266$157$107
40 years$1,079$680$414$245$142$96
41 years$1,041$647$388$226$129$86
42 years$1,005$616$364$209$117$77
43 years$970$587$341$193$106$69
44 years$937$560$320$178$96$62
45 years$906$534$301$164$88$56
46 years$877$509$283$152$79$50
47 years$848$486$265$140$72$45
48 years$821$464$249$129$66$40
49 years$795$443$234$120$60$36
50 years$770$423$220$111$54$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $789,000, adding $4,442 every year, while hoping to spend $31,654 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: 44/42/14 Blend
44$789,000$789,000$789,000$789,000
45$874,060$832,243$820,013$908,810
46$929,534$839,343$813,804$940,622
47$989,606$845,731$806,326$971,557
48$1,054,711$851,336$797,503$1,004,395
49$1,125,328$856,088$787,256$1,039,326
50$1,201,984$859,909$775,501$1,076,558
51$1,285,257$862,715$762,151$1,116,325
52$1,375,786$864,420$747,115$1,158,883
53$1,474,270$864,931$730,298$1,204,518
54$1,581,481$864,149$711,599$1,253,545
55$1,698,269$861,968$690,914$1,306,314
56$1,825,566$858,279$668,134$1,363,215
57$1,964,401$852,962$643,143$1,424,676
58$2,115,905$845,892$615,824$1,491,175
59$2,281,323$836,936$586,050$1,563,237
60$2,462,026$825,954$553,690$1,641,447
61$2,659,523$812,796$518,609$1,726,451
62$2,875,476$797,304$480,663$1,818,965
63$3,111,713$779,311$439,704$1,919,780
64$3,370,248$758,638$395,575$2,029,771
65$3,653,300$735,098$348,114$2,149,909
66$3,963,311$708,492$297,150$2,281,266
67$4,302,971$678,610$242,506$2,425,026
68$4,675,241$645,229$183,997$2,582,503
69$5,083,383$608,113$121,429$2,755,144
70$5,530,991$567,013$54,600$2,944,555
71$6,022,022$521,667$0$3,152,507
72$6,560,834$471,794$0$3,383,458
73$7,152,229$417,102$0$3,645,940
74$7,801,496$357,279$0$3,934,216
75$8,514,459$291,996$0$4,250,967
76$9,297,536$220,907$0$4,599,151
77$10,157,798$143,644$0$4,982,033
78$11,103,031$59,820$0$5,403,220
79$12,141,816$0$0$5,866,691
80$13,283,605$0$0$6,391,154
81$14,538,810$0$0$6,998,210
82$15,918,906$0$0$7,665,772
83$17,436,531$0$0$8,399,969
84$19,105,612$0$0$9,207,551
85$20,941,491$0$0$10,095,957
86$22,961,074$0$0$11,073,380
87$25,182,986$0$0$12,148,852
88$27,627,750$0$0$13,332,320
89$30,317,977$0$0$14,634,746
90$33,278,581$0$0$16,068,210
91$36,537,013$0$0$17,646,020
92$40,123,523$0$0$19,382,840
93$44,071,438$0$0$21,294,829
94$48,417,483$0$0$23,399,792
95$53,202,124$0$0$25,717,347
96$58,469,948$0$0$28,269,112
97$64,270,089$0$0$31,078,907
98$70,656,685$0$0$34,172,982
99$77,689,391$0$0$37,580,259
100$85,433,944$0$0$41,332,610