Can I retire at age 45 with 790,000?

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 $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%17.2%
1 years$65,237$64,656$64,089$63,536$62,996$61,151
2 years$32,296$31,694$31,111$30,546$29,998$28,154
3 years$21,317$20,713$20,131$19,571$19,032$17,247
4 years$15,828$15,226$14,650$14,100$13,574$11,861
5 years$12,536$11,937$11,369$10,830$10,319$8,684
6 years$10,342$9,748$9,188$8,661$8,165$6,608
7 years$8,775$8,186$7,635$7,121$6,640$5,163
8 years$7,601$7,017$6,475$5,973$5,509$4,109
9 years$6,688$6,110$5,577$5,088$4,639$3,316
10 years$5,958$5,385$4,862$4,386$3,953$2,704
11 years$5,361$4,794$4,281$3,817$3,399$2,223
12 years$4,864$4,303$3,799$3,348$2,946$1,840
13 years$4,444$3,889$3,394$2,956$2,569$1,531
14 years$4,084$3,535$3,050$2,624$2,252$1,279
15 years$3,772$3,229$2,753$2,340$1,983$1,072
16 years$3,500$2,963$2,496$2,095$1,752$901
17 years$3,260$2,728$2,272$1,883$1,554$759
18 years$3,047$2,521$2,074$1,697$1,382$641
19 years$2,856$2,337$1,898$1,533$1,231$542
20 years$2,685$2,171$1,742$1,388$1,100$459
21 years$2,530$2,022$1,603$1,260$984$389
22 years$2,390$1,888$1,477$1,146$882$330
23 years$2,262$1,766$1,364$1,043$792$281
24 years$2,144$1,654$1,261$952$712$238
25 years$2,037$1,553$1,168$869$641$203
26 years$1,938$1,459$1,083$795$577$173
27 years$1,846$1,373$1,006$727$520$147
28 years$1,761$1,294$935$666$469$125
29 years$1,682$1,221$870$611$424$107
30 years$1,608$1,153$811$561$383$91
31 years$1,539$1,090$756$515$346$77
32 years$1,475$1,031$705$473$313$66
33 years$1,415$977$658$435$283$56
34 years$1,358$926$615$401$257$48
35 years$1,305$878$575$369$232$41
36 years$1,255$833$538$340$211$35
37 years$1,207$791$504$313$191$30
38 years$1,163$752$472$288$173$25
39 years$1,120$715$442$266$157$22
40 years$1,080$680$414$245$142$18
41 years$1,042$648$388$226$129$16
42 years$1,006$617$364$209$117$13
43 years$971$588$342$193$106$11
44 years$939$560$321$178$97$10
45 years$907$534$301$164$88$8
46 years$878$510$283$152$80$7
47 years$849$486$266$140$72$6
48 years$822$464$250$130$66$5
49 years$796$443$235$120$60$4
50 years$771$424$221$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $790,000, adding $4,670 every year, while hoping to spend $34,153 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$790,000$790,000$790,000$790,000
45$875,397$833,527$821,282$910,191
46$928,349$838,031$812,457$939,461
47$985,557$841,612$802,191$967,373
48$1,047,420$844,187$790,400$996,880
49$1,114,376$845,670$776,997$1,028,145
50$1,186,904$845,970$761,888$1,061,347
51$1,265,534$844,988$744,977$1,096,685
52$1,350,848$842,622$726,163$1,134,381
53$1,443,485$838,761$705,340$1,174,681
54$1,544,149$833,289$682,398$1,217,860
55$1,653,613$826,082$657,219$1,264,222
56$1,772,730$817,008$629,685$1,314,104
57$1,902,436$805,928$599,666$1,367,880
58$2,043,761$792,696$567,032$1,425,968
59$2,197,842$777,155$531,644$1,488,827
60$2,365,925$759,139$493,358$1,556,970
61$2,549,386$738,473$452,022$1,630,965
62$2,749,736$714,972$407,478$1,711,439
63$2,968,643$688,439$359,562$1,799,092
64$3,207,939$658,667$308,102$1,894,695
65$3,469,642$625,435$252,917$1,999,104
66$3,755,976$588,512$193,820$2,113,268
67$4,069,388$547,651$130,615$2,238,237
68$4,412,572$502,592$63,097$2,375,172
69$4,788,496$453,061$0$2,525,363
70$5,200,428$398,766$0$2,691,570
71$5,651,968$339,402$0$2,884,178
72$6,147,079$274,643$0$3,095,531
73$6,690,128$204,148$0$3,327,595
74$7,285,924$127,553$0$3,582,541
75$7,939,762$44,478$0$3,862,770
76$8,657,479$0$0$4,170,932
77$9,445,500$0$0$4,530,976
78$10,310,906$0$0$4,949,052
79$11,261,495$0$0$5,408,383
80$12,305,858$0$0$5,913,133
81$13,453,461$0$0$6,467,890
82$14,714,731$0$0$7,077,709
83$16,101,153$0$0$7,748,156
84$17,625,385$0$0$8,485,368
85$19,301,369$0$0$9,296,103
86$21,144,466$0$0$10,187,808
87$23,171,601$0$0$11,168,686
88$25,401,422$0$0$12,247,779
89$27,854,473$0$0$13,435,045
90$30,553,392$0$0$14,741,459
91$33,523,120$0$0$16,179,113
92$36,791,139$0$0$17,761,330
93$40,387,729$0$0$19,502,788
94$44,346,253$0$0$21,419,665
95$48,703,475$0$0$23,529,781
96$53,499,901$0$0$25,852,777
97$58,780,166$0$0$28,410,292
98$64,593,451$0$0$31,226,170
99$70,993,949$0$0$34,326,686
100$78,041,374$0$0$37,740,790