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%
1 years$65,485$64,902$64,333$63,777$63,235$62,445
2 years$32,418$31,815$31,230$30,662$30,112$29,317
3 years$21,398$20,791$20,208$19,646$19,104$18,329
4 years$15,888$15,284$14,706$14,154$13,625$12,876
5 years$12,584$11,983$11,412$10,871$10,358$9,636
6 years$10,381$9,785$9,223$8,694$8,196$7,503
7 years$8,809$8,217$7,664$7,148$6,665$6,002
8 years$7,630$7,044$6,500$5,996$5,530$4,895
9 years$6,713$6,133$5,598$5,107$4,657$4,051
10 years$5,981$5,406$4,881$4,403$3,968$3,390
11 years$5,381$4,812$4,297$3,832$3,412$2,863
12 years$4,883$4,319$3,813$3,361$2,957$2,434
13 years$4,461$3,903$3,407$2,967$2,579$2,083
14 years$4,100$3,548$3,061$2,634$2,260$1,790
15 years$3,787$3,241$2,764$2,349$1,990$1,545
16 years$3,513$2,974$2,506$2,103$1,759$1,338
17 years$3,272$2,739$2,280$1,890$1,560$1,162
18 years$3,058$2,531$2,082$1,703$1,387$1,012
19 years$2,867$2,345$1,906$1,539$1,236$883
20 years$2,695$2,180$1,749$1,394$1,104$771
21 years$2,540$2,030$1,609$1,265$988$675
22 years$2,399$1,895$1,483$1,150$886$592
23 years$2,270$1,772$1,369$1,047$795$519
24 years$2,153$1,661$1,266$955$715$456
25 years$2,044$1,558$1,173$872$643$401
26 years$1,945$1,465$1,088$798$579$353
27 years$1,853$1,378$1,010$730$522$311
28 years$1,767$1,299$939$669$471$274
29 years$1,688$1,225$874$613$425$241
30 years$1,614$1,157$814$563$384$213
31 years$1,545$1,094$759$517$348$188
32 years$1,481$1,035$708$475$314$166
33 years$1,420$980$661$437$285$146
34 years$1,363$929$617$402$258$129
35 years$1,310$881$577$370$233$114
36 years$1,259$836$540$341$211$101
37 years$1,212$794$505$314$192$89
38 years$1,167$755$473$289$174$79
39 years$1,124$718$443$267$158$70
40 years$1,084$683$416$246$143$62
41 years$1,046$650$390$227$130$54
42 years$1,010$619$366$210$118$48
43 years$975$590$343$194$107$43
44 years$942$562$322$179$97$38
45 years$911$536$302$165$88$33
46 years$881$512$284$152$80$29
47 years$852$488$267$141$73$26
48 years$825$466$251$130$66$23
49 years$799$445$236$120$60$20
50 years$774$425$222$111$54$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $793,000, adding $2,202 every year, while hoping to spend $42,032 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: 33/45/22 Blend
44$793,000$793,000$793,000$793,000
45$876,157$834,128$821,837$899,091
46$920,804$830,279$804,647$912,566
47$968,595$824,832$785,472$923,104
48$1,019,808$817,665$764,202$933,601
49$1,074,746$808,649$740,720$944,078
50$1,133,742$797,644$714,906$954,566
51$1,197,160$784,505$686,631$965,099
52$1,265,402$769,077$655,765$975,718
53$1,338,908$751,197$622,168$986,477
54$1,418,161$730,690$585,695$997,436
55$1,503,693$707,373$546,195$1,008,666
56$1,596,086$681,051$503,509$1,020,252
57$1,695,982$651,518$457,473$1,032,294
58$1,804,087$618,557$407,912$1,044,904
59$1,921,174$581,936$354,648$1,058,215
60$2,048,096$541,413$297,490$1,072,380
61$2,185,789$496,730$236,244$1,087,572
62$2,335,284$447,614$170,702$1,103,991
63$2,497,713$393,777$100,651$1,121,865
64$2,674,323$334,916$25,866$1,141,453
65$2,866,486$270,708$0$1,163,048
66$3,075,710$200,815$0$1,199,645
67$3,303,655$124,878$0$1,246,263
68$3,552,148$42,518$0$1,297,308
69$3,823,201$0$0$1,353,323
70$4,119,026$0$0$1,438,019
71$4,442,060$0$0$1,553,607
72$4,794,985$0$0$1,680,005
73$5,180,752$0$0$1,818,285
74$5,602,614$0$0$1,969,628
75$6,064,148$0$0$2,135,333
76$6,569,295$0$0$2,316,832
77$7,122,396$0$0$2,515,700
78$7,728,229$0$0$2,733,672
79$8,392,056$0$0$2,972,661
80$9,119,673$0$0$3,234,772
81$9,917,463$0$0$3,522,323
82$10,792,457$0$0$3,837,869
83$11,752,397$0$0$4,184,223
84$12,805,814$0$0$4,564,484
85$13,962,101$0$0$4,982,067
86$15,231,607$0$0$5,440,730
87$16,625,733$0$0$5,944,619
88$18,157,035$0$0$6,498,295
89$19,839,347$0$0$7,106,787
90$21,687,909$0$0$7,775,633
91$23,719,511$0$0$8,510,936
92$25,952,648$0$0$9,319,420
93$28,407,698$0$0$10,208,490
94$31,107,111$0$0$11,186,308
95$34,075,623$0$0$12,261,864
96$37,340,483$0$0$13,445,066
97$40,931,717$0$0$14,746,827
98$44,882,406$0$0$16,179,175
99$49,228,999$0$0$17,755,360
100$54,011,654$0$0$19,489,982