Can I retire at age 45 with 796,000?

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 $796,000?

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$65,733$65,147$64,576$64,019$63,474$63,180
2 years$32,541$31,935$31,348$30,778$30,226$29,929
3 years$21,479$20,870$20,284$19,720$19,176$18,886
4 years$15,948$15,342$14,762$14,207$13,677$13,395
5 years$12,631$12,028$11,456$10,912$10,397$10,125
6 years$10,420$9,822$9,258$8,727$8,227$7,964
7 years$8,842$8,248$7,693$7,175$6,691$6,438
8 years$7,659$7,070$6,525$6,019$5,550$5,308
9 years$6,739$6,156$5,620$5,127$4,674$4,442
10 years$6,003$5,426$4,899$4,419$3,983$3,760
11 years$5,402$4,831$4,313$3,846$3,425$3,212
12 years$4,901$4,336$3,828$3,373$2,968$2,765
13 years$4,478$3,918$3,420$2,978$2,588$2,394
14 years$4,115$3,562$3,073$2,644$2,269$2,084
15 years$3,801$3,254$2,774$2,358$1,998$1,822
16 years$3,527$2,985$2,515$2,111$1,766$1,598
17 years$3,285$2,749$2,289$1,897$1,566$1,407
18 years$3,070$2,540$2,089$1,709$1,392$1,241
19 years$2,878$2,354$1,913$1,545$1,241$1,098
20 years$2,705$2,188$1,755$1,399$1,108$973
21 years$2,549$2,038$1,615$1,270$992$864
22 years$2,408$1,902$1,488$1,154$889$768
23 years$2,279$1,779$1,374$1,051$798$684
24 years$2,161$1,667$1,271$959$717$609
25 years$2,052$1,564$1,177$876$645$544
26 years$1,952$1,470$1,092$801$581$486
27 years$1,860$1,384$1,014$733$524$434
28 years$1,774$1,304$942$671$473$388
29 years$1,694$1,230$877$616$427$348
30 years$1,620$1,162$817$565$386$311
31 years$1,551$1,098$761$519$349$279
32 years$1,486$1,039$710$477$316$250
33 years$1,426$984$663$439$286$224
34 years$1,368$933$620$404$259$201
35 years$1,315$885$579$372$234$181
36 years$1,264$840$542$342$212$162
37 years$1,217$797$507$315$192$146
38 years$1,171$758$475$291$174$131
39 years$1,129$721$445$268$158$118
40 years$1,088$686$417$247$143$106
41 years$1,050$653$391$228$130$95
42 years$1,013$622$367$210$118$85
43 years$979$592$344$194$107$77
44 years$946$564$323$179$97$69
45 years$914$538$304$166$88$62
46 years$884$513$285$153$80$56
47 years$856$490$268$141$73$50
48 years$828$468$252$131$66$45
49 years$802$447$237$121$60$41
50 years$777$427$222$112$55$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $796,000, adding $5,126 every year, while hoping to spend $38,630 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: 63/24/13 Blend
44$796,000$796,000$796,000$796,000
45$882,479$840,291$827,953$935,037
46$931,390$840,364$814,588$970,945
47$983,995$839,145$799,480$1,005,234
48$1,040,631$836,531$782,530$1,041,725
49$1,101,665$832,411$763,635$1,080,634
50$1,167,504$826,668$742,686$1,122,197
51$1,238,593$819,179$719,570$1,166,678
52$1,315,422$809,810$694,167$1,214,366
53$1,398,527$798,423$666,354$1,265,585
54$1,488,500$784,869$636,000$1,320,688
55$1,585,991$768,992$602,970$1,380,071
56$1,691,715$750,625$567,122$1,444,168
57$1,806,457$729,593$528,308$1,513,460
58$1,931,081$705,709$486,372$1,588,481
59$2,066,539$678,776$441,153$1,669,819
60$2,213,876$648,586$392,482$1,758,125
61$2,374,242$614,918$340,181$1,854,119
62$2,548,905$577,538$284,067$1,958,596
63$2,739,256$536,201$223,946$2,072,435
64$2,946,830$490,644$159,618$2,196,609
65$3,173,313$440,592$90,872$2,332,192
66$3,420,564$385,754$17,489$2,480,370
67$3,690,627$325,821$0$2,642,456
68$3,985,753$260,469$0$2,828,335
69$4,308,420$189,352$0$3,034,307
70$4,661,357$112,109$0$3,259,748
71$5,047,568$28,355$0$3,506,646
72$5,470,362$0$0$3,777,196
73$5,933,381$0$0$4,090,276
74$6,440,636$0$0$4,441,529
75$6,996,546$0$0$4,826,532
76$7,605,977$0$0$5,248,662
77$8,274,286$0$0$5,711,639
78$9,007,377$0$0$6,219,559
79$9,811,750$0$0$6,776,935
80$10,694,566$0$0$7,388,737
81$11,663,713$0$0$8,060,441
82$12,727,879$0$0$8,798,077
83$13,896,636$0$0$9,608,290
84$15,180,528$0$0$10,498,397
85$16,591,169$0$0$11,476,462
86$18,141,356$0$0$12,551,368
87$19,845,185$0$0$13,732,900
88$21,718,187$0$0$15,031,839
89$23,777,473$0$0$16,460,062
90$26,041,892$0$0$18,030,656
91$28,532,214$0$0$19,758,037
92$31,271,322$0$0$21,658,092
93$34,284,427$0$0$23,748,322
94$37,599,307$0$0$26,048,010
95$41,246,567$0$0$28,578,402
96$45,259,930$0$0$31,362,910
97$49,676,551$0$0$34,427,328
98$54,537,371$0$0$37,800,075
99$59,887,500$0$0$41,512,470
100$65,776,643$0$0$45,599,018