Can I retire at age 45 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$65,485$64,902$64,333$63,777$63,235$62,213
2 years$32,418$31,815$31,230$30,662$30,112$29,085
3 years$21,398$20,791$20,208$19,646$19,104$18,105
4 years$15,888$15,284$14,706$14,154$13,625$12,660
5 years$12,584$11,983$11,412$10,871$10,358$9,430
6 years$10,381$9,785$9,223$8,694$8,196$7,307
7 years$8,809$8,217$7,664$7,148$6,665$5,816
8 years$7,630$7,044$6,500$5,996$5,530$4,719
9 years$6,713$6,133$5,598$5,107$4,657$3,884
10 years$5,981$5,406$4,881$4,403$3,968$3,233
11 years$5,381$4,812$4,297$3,832$3,412$2,715
12 years$4,883$4,319$3,813$3,361$2,957$2,295
13 years$4,461$3,903$3,407$2,967$2,579$1,952
14 years$4,100$3,548$3,061$2,634$2,260$1,668
15 years$3,787$3,241$2,764$2,349$1,990$1,431
16 years$3,513$2,974$2,506$2,103$1,759$1,231
17 years$3,272$2,739$2,280$1,890$1,560$1,062
18 years$3,058$2,531$2,082$1,703$1,387$919
19 years$2,867$2,345$1,906$1,539$1,236$797
20 years$2,695$2,180$1,749$1,394$1,104$692
21 years$2,540$2,030$1,609$1,265$988$601
22 years$2,399$1,895$1,483$1,150$886$523
23 years$2,270$1,772$1,369$1,047$795$456
24 years$2,153$1,661$1,266$955$715$398
25 years$2,044$1,558$1,173$872$643$347
26 years$1,945$1,465$1,088$798$579$304
27 years$1,853$1,378$1,010$730$522$265
28 years$1,767$1,299$939$669$471$232
29 years$1,688$1,225$874$613$425$203
30 years$1,614$1,157$814$563$384$178
31 years$1,545$1,094$759$517$348$156
32 years$1,481$1,035$708$475$314$136
33 years$1,420$980$661$437$285$120
34 years$1,363$929$617$402$258$105
35 years$1,310$881$577$370$233$92
36 years$1,259$836$540$341$211$81
37 years$1,212$794$505$314$192$71
38 years$1,167$755$473$289$174$62
39 years$1,124$718$443$267$158$54
40 years$1,084$683$416$246$143$48
41 years$1,046$650$390$227$130$42
42 years$1,010$619$366$210$118$37
43 years$975$590$343$194$107$32
44 years$942$562$322$179$97$28
45 years$911$536$302$165$88$25
46 years$881$512$284$152$80$22
47 years$852$488$267$141$73$19
48 years$825$466$251$130$66$17
49 years$799$445$236$120$60$15
50 years$774$425$222$111$54$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $793,000, adding $6,826 every year, while hoping to spend $48,158 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: 51/31/18 Blend
44$793,000$793,000$793,000$793,000
45$880,927$838,898$826,607$921,158
46$919,542$828,764$803,058$939,452
47$960,481$816,520$777,107$953,770
48$1,003,932$802,011$748,621$968,295
49$1,050,097$785,073$717,464$983,062
50$1,099,199$765,534$683,492$998,114
51$1,151,483$743,211$646,554$1,013,502
52$1,207,215$717,909$606,494$1,029,282
53$1,266,687$689,423$563,148$1,045,522
54$1,330,220$657,535$516,344$1,062,299
55$1,398,165$622,017$465,904$1,079,703
56$1,470,906$582,624$411,640$1,097,837
57$1,548,866$539,101$353,358$1,116,818
58$1,632,508$491,174$290,853$1,136,779
59$1,722,339$438,557$223,912$1,157,874
60$1,818,918$380,946$152,313$1,180,276
61$1,922,856$318,021$75,824$1,204,182
62$2,034,825$249,442$0$1,229,814
63$2,155,565$174,852$0$1,258,539
64$2,285,885$93,873$0$1,305,140
65$2,426,677$6,104$0$1,355,408
66$2,578,920$0$0$1,409,757
67$2,743,691$0$0$1,498,965
68$2,922,173$0$0$1,597,920
69$3,115,667$0$0$1,705,268
70$3,325,603$0$0$1,821,814
71$3,553,554$0$0$1,948,439
72$3,801,253$0$0$2,086,115
73$4,070,601$0$0$2,235,911
74$4,363,694$0$0$2,399,002
75$4,682,836$0$0$2,576,682
76$5,030,563$0$0$2,770,373
77$5,409,665$0$0$2,981,644
78$5,823,215$0$0$3,212,218
79$6,274,592$0$0$3,463,994
80$6,767,518$0$0$3,739,061
81$7,306,089$0$0$4,039,720
82$7,894,815$0$0$4,368,503
83$8,538,662$0$0$4,728,199
84$9,243,097$0$0$5,121,878
85$10,014,139$0$0$5,552,922
86$10,858,417$0$0$6,025,053
87$11,783,230$0$0$6,542,372
88$12,796,618$0$0$7,109,396
89$13,907,434$0$0$7,731,096
90$15,125,428$0$0$8,412,950
91$16,461,340$0$0$9,160,992
92$17,926,998$0$0$9,981,867
93$19,535,432$0$0$10,882,895
94$21,300,991$0$0$11,872,138
95$23,239,486$0$0$12,958,478
96$25,368,329$0$0$14,151,699
97$27,706,704$0$0$15,462,580
98$30,275,744$0$0$16,902,994
99$33,098,730$0$0$18,486,022
100$36,201,308$0$0$20,226,075