Can I retire at age 45 with 791,000?

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 $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%15.7%
1 years$65,320$64,738$64,171$63,616$63,075$61,601
2 years$32,337$31,734$31,151$30,585$30,036$28,558
3 years$21,344$20,739$20,157$19,596$19,056$17,622
4 years$15,848$15,245$14,669$14,118$13,591$12,212
5 years$12,552$11,952$11,384$10,844$10,332$9,011
6 years$10,355$9,760$9,200$8,672$8,175$6,914
7 years$8,786$8,196$7,645$7,130$6,648$5,447
8 years$7,610$7,026$6,484$5,981$5,516$4,374
9 years$6,696$6,117$5,584$5,094$4,645$3,562
10 years$5,965$5,392$4,868$4,391$3,958$2,932
11 years$5,368$4,800$4,286$3,822$3,404$2,434
12 years$4,870$4,308$3,804$3,352$2,950$2,034
13 years$4,449$3,894$3,398$2,960$2,572$1,709
14 years$4,089$3,539$3,054$2,627$2,255$1,443
15 years$3,777$3,233$2,757$2,343$1,985$1,222
16 years$3,504$2,966$2,500$2,098$1,755$1,039
17 years$3,264$2,732$2,275$1,885$1,556$885
18 years$3,051$2,524$2,076$1,699$1,383$755
19 years$2,860$2,340$1,901$1,535$1,233$646
20 years$2,688$2,174$1,744$1,390$1,101$553
21 years$2,533$2,025$1,605$1,262$986$475
22 years$2,393$1,890$1,479$1,147$883$407
23 years$2,265$1,768$1,365$1,045$793$350
24 years$2,147$1,656$1,263$953$713$301
25 years$2,039$1,554$1,170$870$641$259
26 years$1,940$1,461$1,085$796$578$223
27 years$1,848$1,375$1,007$728$521$192
28 years$1,763$1,296$936$667$470$166
29 years$1,684$1,222$871$612$424$143
30 years$1,610$1,154$812$562$383$123
31 years$1,541$1,091$757$516$347$106
32 years$1,477$1,032$706$474$314$92
33 years$1,417$978$659$436$284$79
34 years$1,360$927$616$401$257$68
35 years$1,307$879$576$369$233$59
36 years$1,256$834$539$340$211$51
37 years$1,209$792$504$313$191$44
38 years$1,164$753$472$289$173$38
39 years$1,122$716$442$266$157$33
40 years$1,081$681$415$246$143$28
41 years$1,043$649$389$227$129$25
42 years$1,007$618$365$209$117$21
43 years$973$588$342$193$106$18
44 years$940$561$321$178$97$16
45 years$909$535$302$165$88$14
46 years$879$510$283$152$80$12
47 years$850$487$266$140$72$10
48 years$823$465$250$130$66$9
49 years$797$444$235$120$60$8
50 years$772$424$221$111$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $791,000, adding $2,749 every year, while hoping to spend $50,031 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: 54/16/30 Blend
44$791,000$791,000$791,000$791,000
45$874,518$832,595$820,334$914,288
46$910,486$820,159$794,583$929,712
47$948,446$805,438$766,292$941,181
48$988,548$788,265$735,323$952,688
49$1,030,957$768,467$701,534$964,255
50$1,075,851$745,858$664,771$975,912
51$1,123,426$720,243$624,879$987,694
52$1,173,896$691,415$581,693$999,642
53$1,227,493$659,155$535,040$1,011,805
54$1,284,475$623,230$484,741$1,024,240
55$1,345,119$583,396$430,607$1,037,015
56$1,409,732$539,394$372,444$1,050,208
57$1,478,649$490,949$310,045$1,063,909
58$1,552,238$437,771$243,198$1,078,220
59$1,630,899$379,555$171,678$1,093,262
60$1,715,074$315,977$95,253$1,109,170
61$1,805,247$246,695$13,679$1,126,098
62$1,901,947$171,348$0$1,144,224
63$2,005,757$89,555$0$1,187,234
64$2,117,313$913$0$1,238,069
65$2,237,319$0$0$1,292,688
66$2,366,542$0$0$1,368,201
67$2,505,828$0$0$1,449,825
68$2,656,105$0$0$1,537,950
69$2,818,392$0$0$1,633,180
70$2,993,811$0$0$1,736,183
71$3,183,593$0$0$1,847,689
72$3,389,092$0$0$1,968,503
73$3,611,796$0$0$2,099,509
74$3,853,342$0$0$2,241,679
75$4,115,529$0$0$2,396,084
76$4,400,337$0$0$2,563,899
77$4,709,945$0$0$2,746,418
78$5,046,746$0$0$2,945,066
79$5,413,378$0$0$3,161,409
80$5,812,739$0$0$3,397,172
81$6,248,023$0$0$3,654,251
82$6,722,740$0$0$3,934,736
83$7,240,757$0$0$4,240,924
84$7,806,329$0$0$4,575,345
85$8,424,141$0$0$4,940,786
86$9,099,348$0$0$5,340,313
87$9,837,630$0$0$5,777,302
88$10,645,235$0$0$6,255,470
89$11,529,047$0$0$6,778,911
90$12,496,646$0$0$7,352,133
91$13,556,375$0$0$7,980,099
92$14,717,427$0$0$8,668,277
93$15,989,923$0$0$9,422,686
94$17,385,010$0$0$10,249,957
95$18,914,966$0$0$11,157,394
96$20,593,312$0$0$12,153,041
97$22,434,944$0$0$13,245,758
98$24,456,267$0$0$14,445,305
99$26,675,354$0$0$15,762,433
100$29,112,111$0$0$17,208,985