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%15.7%
1 years$65,733$65,147$64,576$64,019$63,474$61,990
2 years$32,541$31,935$31,348$30,778$30,226$28,739
3 years$21,479$20,870$20,284$19,720$19,176$17,733
4 years$15,948$15,342$14,762$14,207$13,677$12,289
5 years$12,631$12,028$11,456$10,912$10,397$9,068
6 years$10,420$9,822$9,258$8,727$8,227$6,958
7 years$8,842$8,248$7,693$7,175$6,691$5,482
8 years$7,659$7,070$6,525$6,019$5,550$4,401
9 years$6,739$6,156$5,620$5,127$4,674$3,584
10 years$6,003$5,426$4,899$4,419$3,983$2,950
11 years$5,402$4,831$4,313$3,846$3,425$2,449
12 years$4,901$4,336$3,828$3,373$2,968$2,047
13 years$4,478$3,918$3,420$2,978$2,588$1,720
14 years$4,115$3,562$3,073$2,644$2,269$1,452
15 years$3,801$3,254$2,774$2,358$1,998$1,230
16 years$3,527$2,985$2,515$2,111$1,766$1,045
17 years$3,285$2,749$2,289$1,897$1,566$890
18 years$3,070$2,540$2,089$1,709$1,392$760
19 years$2,878$2,354$1,913$1,545$1,241$650
20 years$2,705$2,188$1,755$1,399$1,108$557
21 years$2,549$2,038$1,615$1,270$992$478
22 years$2,408$1,902$1,488$1,154$889$410
23 years$2,279$1,779$1,374$1,051$798$352
24 years$2,161$1,667$1,271$959$717$303
25 years$2,052$1,564$1,177$876$645$261
26 years$1,952$1,470$1,092$801$581$225
27 years$1,860$1,384$1,014$733$524$194
28 years$1,774$1,304$942$671$473$167
29 years$1,694$1,230$877$616$427$144
30 years$1,620$1,162$817$565$386$124
31 years$1,551$1,098$761$519$349$107
32 years$1,486$1,039$710$477$316$92
33 years$1,426$984$663$439$286$80
34 years$1,368$933$620$404$259$69
35 years$1,315$885$579$372$234$59
36 years$1,264$840$542$342$212$51
37 years$1,217$797$507$315$192$44
38 years$1,171$758$475$291$174$38
39 years$1,129$721$445$268$158$33
40 years$1,088$686$417$247$143$29
41 years$1,050$653$391$228$130$25
42 years$1,013$622$367$210$118$21
43 years$979$592$344$194$107$18
44 years$946$564$323$179$97$16
45 years$914$538$304$166$88$14
46 years$884$513$285$153$80$12
47 years$856$490$268$141$73$10
48 years$828$468$252$131$66$9
49 years$802$447$237$121$60$8
50 years$777$427$222$112$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $796,000, adding $2,221 every year, while hoping to spend $53,187 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: 57/15/28 Blend
44$796,000$796,000$796,000$796,000
45$879,483$837,295$824,957$922,741
46$912,600$821,732$796,002$937,124
47$947,312$803,624$764,295$947,037
48$983,726$782,789$729,687$956,754
49$1,021,957$759,037$692,023$966,274
50$1,062,132$732,165$651,141$975,597
51$1,104,386$701,958$606,871$984,726
52$1,148,869$668,189$559,037$993,667
53$1,195,741$630,619$507,453$1,002,432
54$1,245,180$588,992$451,926$1,011,034
55$1,297,377$543,042$392,254$1,019,494
56$1,352,542$492,483$328,227$1,027,838
57$1,410,903$437,016$259,624$1,036,098
58$1,472,709$376,324$186,215$1,044,316
59$1,538,233$310,071$107,761$1,052,540
60$1,607,773$237,905$24,011$1,060,829
61$1,681,653$159,450$0$1,069,254
62$1,760,232$74,313$0$1,097,426
63$1,843,897$0$0$1,134,838
64$1,933,076$0$0$1,177,466
65$2,028,235$0$0$1,236,081
66$2,129,888$0$0$1,298,738
67$2,238,595$0$0$1,365,788
68$2,354,970$0$0$1,437,617
69$2,479,689$0$0$1,514,647
70$2,613,492$0$0$1,597,341
71$2,757,190$0$0$1,686,208
72$2,911,674$0$0$1,781,806
73$3,077,924$0$0$1,884,749
74$3,257,012$0$0$1,995,711
75$3,450,120$0$0$2,115,429
76$3,658,542$0$0$2,244,718
77$3,883,704$0$0$2,384,471
78$4,127,169$0$0$2,535,668
79$4,390,659$0$0$2,699,388
80$4,676,065$0$0$2,876,818
81$4,985,465$0$0$3,069,261
82$5,321,145$0$0$3,278,153
83$5,685,621$0$0$3,505,070
84$6,081,657$0$0$3,751,748
85$6,512,296$0$0$4,020,096
86$6,980,886$0$0$4,312,213
87$7,491,107$0$0$4,630,412
88$8,047,014$0$0$4,977,235
89$8,653,066$0$0$5,355,482
90$9,314,170$0$0$5,768,233
91$10,035,729$0$0$6,218,878
92$10,823,691$0$0$6,711,152
93$11,684,600$0$0$7,249,163
94$12,625,664$0$0$7,837,435
95$13,654,817$0$0$8,480,950
96$14,780,797$0$0$9,185,193
97$16,013,221$0$0$9,956,203
98$17,362,684$0$0$10,800,630
99$18,840,849$0$0$11,725,800
100$20,460,563$0$0$12,739,777