Can I retire at age 45 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$65,320$64,738$64,171$63,616$63,075$62,625
2 years$32,337$31,734$31,151$30,585$30,036$29,582
3 years$21,344$20,739$20,157$19,596$19,056$18,613
4 years$15,848$15,245$14,669$14,118$13,591$13,161
5 years$12,552$11,952$11,384$10,844$10,332$9,917
6 years$10,355$9,760$9,200$8,672$8,175$7,776
7 years$8,786$8,196$7,645$7,130$6,648$6,265
8 years$7,610$7,026$6,484$5,981$5,516$5,148
9 years$6,696$6,117$5,584$5,094$4,645$4,293
10 years$5,965$5,392$4,868$4,391$3,958$3,621
11 years$5,368$4,800$4,286$3,822$3,404$3,082
12 years$4,870$4,308$3,804$3,352$2,950$2,643
13 years$4,449$3,894$3,398$2,960$2,572$2,280
14 years$4,089$3,539$3,054$2,627$2,255$1,977
15 years$3,777$3,233$2,757$2,343$1,985$1,721
16 years$3,504$2,966$2,500$2,098$1,755$1,504
17 years$3,264$2,732$2,275$1,885$1,556$1,318
18 years$3,051$2,524$2,076$1,699$1,383$1,158
19 years$2,860$2,340$1,901$1,535$1,233$1,020
20 years$2,688$2,174$1,744$1,390$1,101$900
21 years$2,533$2,025$1,605$1,262$986$795
22 years$2,393$1,890$1,479$1,147$883$704
23 years$2,265$1,768$1,365$1,045$793$624
24 years$2,147$1,656$1,263$953$713$554
25 years$2,039$1,554$1,170$870$641$492
26 years$1,940$1,461$1,085$796$578$437
27 years$1,848$1,375$1,007$728$521$389
28 years$1,763$1,296$936$667$470$346
29 years$1,684$1,222$871$612$424$309
30 years$1,610$1,154$812$562$383$275
31 years$1,541$1,091$757$516$347$245
32 years$1,477$1,032$706$474$314$219
33 years$1,417$978$659$436$284$195
34 years$1,360$927$616$401$257$174
35 years$1,307$879$576$369$233$156
36 years$1,256$834$539$340$211$139
37 years$1,209$792$504$313$191$124
38 years$1,164$753$472$289$173$111
39 years$1,122$716$442$266$157$99
40 years$1,081$681$415$246$143$89
41 years$1,043$649$389$227$129$79
42 years$1,007$618$365$209$117$71
43 years$973$588$342$193$106$63
44 years$940$561$321$178$97$57
45 years$909$535$302$165$88$51
46 years$879$510$283$152$80$45
47 years$850$487$266$140$72$41
48 years$823$465$250$130$66$36
49 years$797$444$235$120$60$33
50 years$772$424$221$111$54$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $791,000, adding $5,667 every year, while hoping to spend $41,378 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: 61/11/28 Blend
44$791,000$791,000$791,000$791,000
45$877,528$835,605$823,344$924,121
46$923,009$832,523$806,900$953,421
47$971,744$827,904$788,519$980,435
48$1,024,018$821,628$768,091$1,009,050
49$1,080,150$813,569$745,503$1,039,430
50$1,140,484$803,593$720,637$1,071,758
51$1,205,403$791,559$693,367$1,106,238
52$1,275,323$777,315$663,565$1,143,097
53$1,350,706$760,703$631,094$1,182,586
54$1,432,054$741,553$595,811$1,224,983
55$1,519,922$719,688$557,570$1,270,598
56$1,614,920$694,919$516,214$1,319,772
57$1,717,716$667,044$471,582$1,372,888
58$1,829,047$635,853$423,504$1,430,365
59$1,949,722$601,122$371,803$1,492,671
60$2,080,630$562,613$316,295$1,560,323
61$2,222,750$520,077$256,786$1,633,894
62$2,377,157$473,247$193,075$1,714,020
63$2,545,036$421,846$124,953$1,801,403
64$2,727,690$365,576$52,198$1,896,820
65$2,926,550$304,125$0$2,001,134
66$3,143,194$237,163$0$2,122,897
67$3,379,358$164,342$0$2,272,700
68$3,636,949$85,292$0$2,436,172
69$3,918,072$0$0$2,614,681
70$4,225,039$0$0$2,809,778
71$4,560,397$0$0$3,034,256
72$4,926,950$0$0$3,279,673
73$5,327,786$0$0$3,548,105
74$5,766,303$0$0$3,841,835
75$6,246,244$0$0$4,163,377
76$6,771,730$0$0$4,515,502
77$7,347,299$0$0$4,901,258
78$7,977,949$0$0$5,324,005
79$8,669,184$0$0$5,787,440
80$9,427,065$0$0$6,295,639
81$10,258,270$0$0$6,853,086
82$11,170,151$0$0$7,464,725
83$12,170,809$0$0$8,135,999
84$13,269,165$0$0$8,872,904
85$14,475,046$0$0$9,682,044
86$15,799,279$0$0$10,570,696
87$17,253,788$0$0$11,546,875
88$18,851,712$0$0$12,619,410
89$20,607,522$0$0$13,798,028
90$22,537,162$0$0$15,093,445
91$24,658,197$0$0$16,517,468
92$26,989,978$0$0$18,083,103
93$29,553,825$0$0$19,804,679
94$32,373,227$0$0$21,697,984
95$35,474,062$0$0$23,780,414
96$38,884,844$0$0$26,071,132
97$42,636,987$0$0$28,591,254
98$46,765,105$0$0$31,364,047
99$51,307,333$0$0$34,415,143
100$56,305,692$0$0$37,772,788