Can I retire at age 45 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$65,568$64,984$64,414$63,858$63,315$61,117
2 years$32,459$31,855$31,269$30,701$30,150$27,958
3 years$21,425$20,817$20,233$19,670$19,128$17,012
4 years$15,908$15,303$14,724$14,171$13,642$11,617
5 years$12,599$11,998$11,427$10,885$10,371$8,442
6 years$10,394$9,797$9,235$8,705$8,206$6,376
7 years$8,820$8,228$7,674$7,157$6,674$4,941
8 years$7,639$7,053$6,508$6,004$5,536$3,900
9 years$6,722$6,141$5,605$5,114$4,663$3,121
10 years$5,988$5,413$4,887$4,408$3,973$2,523
11 years$5,388$4,818$4,302$3,836$3,417$2,056
12 years$4,889$4,325$3,818$3,365$2,961$1,685
13 years$4,466$3,908$3,411$2,971$2,582$1,389
14 years$4,105$3,553$3,065$2,637$2,263$1,149
15 years$3,791$3,245$2,767$2,352$1,993$954
16 years$3,518$2,978$2,509$2,106$1,761$794
17 years$3,276$2,742$2,283$1,892$1,562$662
18 years$3,062$2,534$2,084$1,705$1,389$553
19 years$2,871$2,348$1,908$1,541$1,238$463
20 years$2,699$2,182$1,751$1,395$1,105$388
21 years$2,543$2,033$1,611$1,266$989$325
22 years$2,402$1,897$1,484$1,151$887$273
23 years$2,273$1,775$1,371$1,049$796$229
24 years$2,155$1,663$1,268$956$715$193
25 years$2,047$1,560$1,174$873$644$162
26 years$1,947$1,467$1,089$799$580$136
27 years$1,855$1,380$1,011$731$523$115
28 years$1,770$1,301$940$670$472$97
29 years$1,690$1,227$875$614$426$81
30 years$1,616$1,159$815$564$385$69
31 years$1,547$1,095$760$518$348$58
32 years$1,483$1,036$709$476$315$49
33 years$1,422$981$662$438$285$41
34 years$1,365$930$618$403$258$35
35 years$1,312$882$578$371$234$29
36 years$1,261$837$541$341$212$25
37 years$1,213$795$506$314$192$21
38 years$1,168$756$474$290$174$17
39 years$1,126$719$444$267$158$15
40 years$1,086$684$416$247$143$12
41 years$1,047$651$390$227$130$10
42 years$1,011$620$366$210$118$9
43 years$976$591$344$194$107$7
44 years$943$563$322$179$97$6
45 years$912$537$303$165$88$5
46 years$882$512$284$153$80$4
47 years$854$489$267$141$73$4
48 years$826$467$251$130$66$3
49 years$800$446$236$120$60$3
50 years$775$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $794,000, adding $5,263 every year, while hoping to spend $24,327 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: 64/11/25 Blend
44$794,000$794,000$794,000$794,000
45$880,417$838,335$826,028$930,672
46$944,336$853,529$827,816$980,443
47$1,013,959$868,653$828,849$1,031,623
48$1,089,842$883,677$829,075$1,087,001
49$1,172,599$898,570$828,441$1,146,990
50$1,262,901$913,297$826,892$1,212,049
51$1,361,492$927,823$824,367$1,282,680
52$1,469,186$942,109$820,806$1,359,438
53$1,586,884$956,113$816,143$1,442,936
54$1,715,573$969,790$810,311$1,533,850
55$1,856,344$983,092$803,239$1,632,923
56$2,010,396$995,968$794,852$1,740,976
57$2,179,049$1,008,363$785,072$1,858,915
58$2,363,757$1,020,218$773,818$1,987,738
59$2,566,124$1,031,472$761,004$2,128,544
60$2,787,911$1,042,057$746,540$2,282,546
61$3,031,062$1,051,902$730,333$2,451,084
62$3,297,716$1,060,931$712,285$2,635,631
63$3,590,229$1,069,063$692,293$2,837,814
64$3,911,198$1,076,212$670,250$3,059,425
65$4,263,480$1,082,287$646,044$3,302,442
66$4,650,226$1,087,189$619,557$3,569,044
67$5,074,903$1,090,816$590,667$3,861,635
68$5,541,334$1,093,056$559,244$4,182,862
69$6,053,727$1,093,793$525,157$4,535,648
70$6,616,721$1,092,903$488,263$4,923,213
71$7,235,424$1,090,252$448,417$5,349,106
72$7,915,464$1,085,701$405,466$5,817,242
73$8,663,042$1,079,101$359,249$6,331,936
74$9,484,989$1,070,294$309,601$6,897,943
75$10,388,832$1,059,113$256,347$7,520,509
76$11,382,863$1,045,379$199,304$8,205,415
77$12,476,217$1,028,905$138,283$8,959,032
78$13,678,961$1,009,491$73,086$9,788,386
79$15,002,185$986,927$3,504$10,701,222
80$16,458,110$960,988$0$11,706,076
81$18,060,198$931,437$0$12,831,231
82$19,823,285$898,024$0$14,070,413
83$21,763,717$860,484$0$15,434,182
84$23,899,504$818,536$0$16,935,209
85$26,250,492$771,882$0$18,587,455
86$28,838,547$720,210$0$20,406,307
87$31,687,765$663,187$0$22,408,718
88$34,824,696$600,462$0$24,613,373
89$38,278,594$531,663$0$27,040,861
90$42,081,696$456,400$0$29,713,874
91$46,269,522$374,257$0$32,657,413
92$50,881,215$284,798$0$35,899,035
93$55,959,906$187,559$0$39,469,104
94$61,553,119$82,053$0$43,401,084
95$67,713,228$0$0$47,731,849
96$74,497,941$0$0$52,505,942
97$81,970,851$0$0$57,775,302
98$90,202,032$0$0$63,579,421
99$99,268,704$0$0$69,972,758
100$109,255,957$0$0$77,015,324