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%15.1%
1 years$65,568$64,984$64,414$63,858$63,315$61,986
2 years$32,459$31,855$31,269$30,701$30,150$28,817
3 years$21,425$20,817$20,233$19,670$19,128$17,833
4 years$15,908$15,303$14,724$14,171$13,642$12,396
5 years$12,599$11,998$11,427$10,885$10,371$9,175
6 years$10,394$9,797$9,235$8,705$8,206$7,063
7 years$8,820$8,228$7,674$7,157$6,674$5,584
8 years$7,639$7,053$6,508$6,004$5,536$4,499
9 years$6,722$6,141$5,605$5,114$4,663$3,677
10 years$5,988$5,413$4,887$4,408$3,973$3,038
11 years$5,388$4,818$4,302$3,836$3,417$2,532
12 years$4,889$4,325$3,818$3,365$2,961$2,124
13 years$4,466$3,908$3,411$2,971$2,582$1,792
14 years$4,105$3,553$3,065$2,637$2,263$1,519
15 years$3,791$3,245$2,767$2,352$1,993$1,292
16 years$3,518$2,978$2,509$2,106$1,761$1,103
17 years$3,276$2,742$2,283$1,892$1,562$943
18 years$3,062$2,534$2,084$1,705$1,389$809
19 years$2,871$2,348$1,908$1,541$1,238$695
20 years$2,699$2,182$1,751$1,395$1,105$598
21 years$2,543$2,033$1,611$1,266$989$515
22 years$2,402$1,897$1,484$1,151$887$444
23 years$2,273$1,775$1,371$1,049$796$384
24 years$2,155$1,663$1,268$956$715$332
25 years$2,047$1,560$1,174$873$644$287
26 years$1,947$1,467$1,089$799$580$248
27 years$1,855$1,380$1,011$731$523$215
28 years$1,770$1,301$940$670$472$186
29 years$1,690$1,227$875$614$426$161
30 years$1,616$1,159$815$564$385$140
31 years$1,547$1,095$760$518$348$121
32 years$1,483$1,036$709$476$315$105
33 years$1,422$981$662$438$285$91
34 years$1,365$930$618$403$258$79
35 years$1,312$882$578$371$234$69
36 years$1,261$837$541$341$212$60
37 years$1,213$795$506$314$192$52
38 years$1,168$756$474$290$174$45
39 years$1,126$719$444$267$158$39
40 years$1,086$684$416$247$143$34
41 years$1,047$651$390$227$130$29
42 years$1,011$620$366$210$118$26
43 years$976$591$344$194$107$22
44 years$943$563$322$179$97$19
45 years$912$537$303$165$88$17
46 years$882$512$284$153$80$15
47 years$854$489$267$141$73$13
48 years$826$467$251$130$66$11
49 years$800$446$236$120$60$10
50 years$775$426$222$111$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $794,000, adding $3,946 every year, while hoping to spend $52,573 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: 69/21/10 Blend
44$794,000$794,000$794,000$794,000
45$879,058$836,976$824,669$937,683
46$912,785$822,051$796,358$962,157
47$948,190$804,632$765,337$982,182
48$985,388$784,542$731,459$1,002,693
49$1,024,506$761,593$694,571$1,023,728
50$1,065,681$735,586$654,514$1,045,329
51$1,109,060$706,309$611,120$1,067,547
52$1,154,806$673,541$564,215$1,090,438
53$1,203,096$637,044$513,616$1,114,066
54$1,254,123$596,570$459,133$1,138,503
55$1,308,095$551,854$400,566$1,163,829
56$1,365,244$502,618$337,708$1,190,137
57$1,425,819$448,567$270,341$1,217,530
58$1,490,095$389,388$198,240$1,246,124
59$1,558,370$324,754$121,166$1,276,049
60$1,630,972$254,315$38,874$1,307,454
61$1,708,259$177,705$0$1,340,503
62$1,790,624$94,535$0$1,380,604
63$1,878,496$4,395$0$1,427,507
64$1,972,346$0$0$1,477,324
65$2,072,689$0$0$1,551,869
66$2,180,091$0$0$1,632,774
67$2,295,171$0$0$1,719,494
68$2,418,610$0$0$1,812,544
69$2,551,154$0$0$1,912,493
70$2,693,621$0$0$2,019,960
71$2,846,911$0$0$2,135,630
72$3,012,010$0$0$2,260,251
73$3,190,003$0$0$2,394,648
74$3,382,080$0$0$2,539,724
75$3,589,550$0$0$2,696,474
76$3,813,851$0$0$2,865,990
77$4,056,563$0$0$3,049,473
78$4,319,423$0$0$3,248,242
79$4,604,341$0$0$3,463,749
80$4,913,417$0$0$3,697,589
81$5,248,961$0$0$3,951,518
82$5,613,513$0$0$4,227,466
83$6,009,869$0$0$4,527,557
84$6,441,101$0$0$4,854,128
85$6,910,593$0$0$5,209,748
86$7,422,068$0$0$5,597,248
87$7,979,620$0$0$6,019,740
88$8,587,759$0$0$6,480,650
89$9,251,445$0$0$6,983,751
90$9,976,141$0$0$7,533,193
91$10,767,859$0$0$8,133,547
92$11,633,219$0$0$8,789,844
93$12,579,506$0$0$9,507,624
94$13,614,745$0$0$10,292,986
95$14,747,771$0$0$11,152,645
96$15,988,312$0$0$12,093,997
97$17,347,080$0$0$13,125,187
98$18,835,874$0$0$14,255,182
99$20,467,685$0$0$15,493,861
100$22,256,823$0$0$16,852,101