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%11.1%
1 years$65,485$64,902$64,333$63,777$63,235$62,942
2 years$32,418$31,815$31,230$30,662$30,112$29,816
3 years$21,398$20,791$20,208$19,646$19,104$18,815
4 years$15,888$15,284$14,706$14,154$13,625$13,345
5 years$12,584$11,983$11,412$10,871$10,358$10,087
6 years$10,381$9,785$9,223$8,694$8,196$7,934
7 years$8,809$8,217$7,664$7,148$6,665$6,414
8 years$7,630$7,044$6,500$5,996$5,530$5,288
9 years$6,713$6,133$5,598$5,107$4,657$4,425
10 years$5,981$5,406$4,881$4,403$3,968$3,746
11 years$5,381$4,812$4,297$3,832$3,412$3,200
12 years$4,883$4,319$3,813$3,361$2,957$2,754
13 years$4,461$3,903$3,407$2,967$2,579$2,385
14 years$4,100$3,548$3,061$2,634$2,260$2,076
15 years$3,787$3,241$2,764$2,349$1,990$1,815
16 years$3,513$2,974$2,506$2,103$1,759$1,592
17 years$3,272$2,739$2,280$1,890$1,560$1,401
18 years$3,058$2,531$2,082$1,703$1,387$1,236
19 years$2,867$2,345$1,906$1,539$1,236$1,094
20 years$2,695$2,180$1,749$1,394$1,104$969
21 years$2,540$2,030$1,609$1,265$988$860
22 years$2,399$1,895$1,483$1,150$886$765
23 years$2,270$1,772$1,369$1,047$795$681
24 years$2,153$1,661$1,266$955$715$607
25 years$2,044$1,558$1,173$872$643$542
26 years$1,945$1,465$1,088$798$579$484
27 years$1,853$1,378$1,010$730$522$433
28 years$1,767$1,299$939$669$471$387
29 years$1,688$1,225$874$613$425$346
30 years$1,614$1,157$814$563$384$310
31 years$1,545$1,094$759$517$348$278
32 years$1,481$1,035$708$475$314$249
33 years$1,420$980$661$437$285$224
34 years$1,363$929$617$402$258$201
35 years$1,310$881$577$370$233$180
36 years$1,259$836$540$341$211$162
37 years$1,212$794$505$314$192$145
38 years$1,167$755$473$289$174$130
39 years$1,124$718$443$267$158$117
40 years$1,084$683$416$246$143$105
41 years$1,046$650$390$227$130$95
42 years$1,010$619$366$210$118$85
43 years$975$590$343$194$107$76
44 years$942$562$322$179$97$69
45 years$911$536$302$165$88$62
46 years$881$512$284$152$80$56
47 years$852$488$267$141$73$50
48 years$825$466$251$130$66$45
49 years$799$445$236$120$60$40
50 years$774$425$222$111$54$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $793,000, adding $5,319 every year, while hoping to spend $33,191 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: 29/41/30 Blend
44$793,000$793,000$793,000$793,000
45$879,373$837,344$825,052$896,643
46$933,754$843,058$817,376$916,537
47$992,569$847,941$808,331$934,695
48$1,056,236$851,915$797,835$953,565
49$1,125,214$854,901$785,804$973,233
50$1,200,006$856,811$772,149$993,796
51$1,281,168$857,556$756,778$1,015,364
52$1,369,310$857,039$739,592$1,038,059
53$1,465,102$855,156$720,491$1,062,020
54$1,569,282$851,799$699,367$1,087,403
55$1,682,664$846,852$676,111$1,114,384
56$1,806,139$840,191$650,604$1,143,160
57$1,940,692$831,688$622,727$1,173,950
58$2,087,405$821,203$592,350$1,207,002
59$2,247,469$808,590$559,342$1,242,593
60$2,422,194$793,694$523,564$1,281,031
61$2,613,024$776,352$484,869$1,322,663
62$2,821,548$756,388$443,107$1,367,874
63$3,049,513$733,618$398,119$1,417,095
64$3,298,847$707,849$349,739$1,470,806
65$3,571,668$678,872$297,794$1,529,543
66$3,870,311$646,470$242,104$1,593,900
67$4,197,348$610,413$182,479$1,664,544
68$4,555,609$570,454$118,724$1,742,211
69$4,948,212$526,337$50,632$1,827,724
70$5,378,590$477,788$0$1,921,996
71$5,850,525$424,518$0$2,033,096
72$6,368,181$366,223$0$2,172,852
73$6,936,148$302,579$0$2,326,366
74$7,559,476$233,247$0$2,495,107
75$8,243,734$157,867$0$2,680,698
76$8,995,051$76,059$0$2,884,935
77$9,820,181$0$0$3,109,802
78$10,726,566$0$0$3,363,170
79$11,722,400$0$0$3,679,376
80$12,816,714$0$0$4,026,991
81$14,019,455$0$0$4,409,190
82$15,341,582$0$0$4,829,474
83$16,795,168$0$0$5,291,700
84$18,393,516$0$0$5,800,115
85$20,151,280$0$0$6,359,401
86$22,084,607$0$0$6,974,717
87$24,211,287$0$0$7,651,744
88$26,550,921$0$0$8,396,745
89$29,125,105$0$0$9,216,618
90$31,957,635$0$0$10,118,966
91$35,074,729$0$0$11,112,164
92$38,505,274$0$0$12,205,442
93$42,281,103$0$0$13,408,969
94$46,437,287$0$0$14,733,950
95$51,012,473$0$0$16,192,734
96$56,049,242$0$0$17,798,925
97$61,594,518$0$0$19,567,516
98$67,700,001$0$0$21,515,025
99$74,422,664$0$0$23,659,657
100$81,825,282$0$0$26,021,469