Can I retire at age 45 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$65,237$64,656$64,089$63,536$62,996$62,183
2 years$32,296$31,694$31,111$30,546$29,998$29,180
3 years$21,317$20,713$20,131$19,571$19,032$18,235
4 years$15,828$15,226$14,650$14,100$13,574$12,803
5 years$12,536$11,937$11,369$10,830$10,319$9,577
6 years$10,342$9,748$9,188$8,661$8,165$7,453
7 years$8,775$8,186$7,635$7,121$6,640$5,958
8 years$7,601$7,017$6,475$5,973$5,509$4,857
9 years$6,688$6,110$5,577$5,088$4,639$4,017
10 years$5,958$5,385$4,862$4,386$3,953$3,360
11 years$5,361$4,794$4,281$3,817$3,399$2,835
12 years$4,864$4,303$3,799$3,348$2,946$2,409
13 years$4,444$3,889$3,394$2,956$2,569$2,060
14 years$4,084$3,535$3,050$2,624$2,252$1,769
15 years$3,772$3,229$2,753$2,340$1,983$1,526
16 years$3,500$2,963$2,496$2,095$1,752$1,321
17 years$3,260$2,728$2,272$1,883$1,554$1,146
18 years$3,047$2,521$2,074$1,697$1,382$997
19 years$2,856$2,337$1,898$1,533$1,231$869
20 years$2,685$2,171$1,742$1,388$1,100$759
21 years$2,530$2,022$1,603$1,260$984$664
22 years$2,390$1,888$1,477$1,146$882$582
23 years$2,262$1,766$1,364$1,043$792$510
24 years$2,144$1,654$1,261$952$712$448
25 years$2,037$1,553$1,168$869$641$393
26 years$1,938$1,459$1,083$795$577$346
27 years$1,846$1,373$1,006$727$520$304
28 years$1,761$1,294$935$666$469$268
29 years$1,682$1,221$870$611$424$236
30 years$1,608$1,153$811$561$383$208
31 years$1,539$1,090$756$515$346$183
32 years$1,475$1,031$705$473$313$162
33 years$1,415$977$658$435$283$143
34 years$1,358$926$615$401$257$126
35 years$1,305$878$575$369$232$111
36 years$1,255$833$538$340$211$98
37 years$1,207$791$504$313$191$87
38 years$1,163$752$472$288$173$76
39 years$1,120$715$442$266$157$68
40 years$1,080$680$414$245$142$60
41 years$1,042$648$388$226$129$53
42 years$1,006$617$364$209$117$47
43 years$971$588$342$193$106$41
44 years$939$560$321$178$97$36
45 years$907$534$301$164$88$32
46 years$878$510$283$152$80$28
47 years$849$486$266$140$72$25
48 years$822$464$250$130$66$22
49 years$796$443$235$120$60$20
50 years$771$424$221$111$54$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $790,000, adding $6,104 every year, while hoping to spend $41,030 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: 53/25/22 Blend
44$790,000$790,000$790,000$790,000
45$876,876$835,006$822,761$917,736
46$922,662$832,266$806,668$943,780
47$971,743$828,016$788,661$967,339
48$1,024,411$822,140$768,632$992,110
49$1,080,989$814,512$746,469$1,018,223
50$1,141,828$805,002$722,054$1,045,823
51$1,207,316$793,469$695,264$1,075,071
52$1,277,878$779,764$665,971$1,106,147
53$1,353,981$763,732$634,041$1,139,253
54$1,436,138$745,206$599,332$1,174,613
55$1,524,913$724,009$561,698$1,212,477
56$1,620,924$699,956$520,985$1,253,123
57$1,724,854$672,849$477,033$1,296,860
58$1,837,450$642,480$429,675$1,344,034
59$1,959,536$608,627$378,735$1,395,026
60$2,092,016$571,058$324,031$1,450,263
61$2,235,887$529,525$265,371$1,510,219
62$2,392,243$483,767$202,556$1,575,420
63$2,562,288$433,508$135,378$1,646,448
64$2,747,348$378,457$63,620$1,723,953
65$2,948,881$318,305$0$1,808,654
66$3,168,492$252,726$0$1,904,391
67$3,407,946$181,377$0$2,025,142
68$3,669,186$103,895$0$2,156,997
69$3,954,352$19,895$0$2,301,104
70$4,265,799$0$0$2,458,732
71$4,606,119$0$0$2,650,822
72$4,978,165$0$0$2,866,878
73$5,385,080$0$0$3,103,259
74$5,830,324$0$0$3,361,987
75$6,317,705$0$0$3,645,283
76$6,851,419$0$0$3,955,598
77$7,436,084$0$0$4,295,628
78$8,076,789$0$0$4,668,342
79$8,779,136$0$0$5,077,012
80$9,549,296$0$0$5,525,239
81$10,394,064$0$0$6,016,993
82$11,320,928$0$0$6,556,643
83$12,338,131$0$0$7,149,004
84$13,454,757$0$0$7,799,379
85$14,680,810$0$0$8,513,608
86$16,027,311$0$0$9,298,128
87$17,506,400$0$0$10,160,028
88$19,131,452$0$0$11,107,116
89$20,917,200$0$0$12,147,995
90$22,879,877$0$0$13,292,146
91$25,037,363$0$0$14,550,009
92$27,409,362$0$0$15,933,088
93$30,017,576$0$0$17,454,060
94$32,885,922$0$0$19,126,889
95$36,040,745$0$0$20,966,960
96$39,511,074$0$0$22,991,226
97$43,328,893$0$0$25,218,365
98$47,529,443$0$0$27,668,956
99$52,151,549$0$0$30,365,675
100$57,237,995$0$0$33,333,504