Can I retire at age 45 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$65,816$65,229$64,657$64,099$63,554$61,397
2 years$32,582$31,975$31,387$30,817$30,264$28,112
3 years$21,506$20,896$20,309$19,745$19,201$17,122
4 years$15,968$15,361$14,780$14,225$13,694$11,704
5 years$12,647$12,043$11,470$10,926$10,410$8,514
6 years$10,433$9,834$9,269$8,738$8,237$6,437
7 years$8,853$8,259$7,703$7,184$6,699$4,995
8 years$7,668$7,079$6,533$6,026$5,557$3,947
9 years$6,747$6,164$5,627$5,133$4,680$3,162
10 years$6,011$5,433$4,905$4,425$3,988$2,559
11 years$5,409$4,837$4,319$3,851$3,430$2,088
12 years$4,907$4,341$3,833$3,378$2,972$1,714
13 years$4,483$3,923$3,424$2,982$2,592$1,415
14 years$4,120$3,566$3,077$2,647$2,272$1,172
15 years$3,806$3,258$2,778$2,361$2,000$974
16 years$3,531$2,989$2,519$2,114$1,768$812
17 years$3,289$2,753$2,292$1,899$1,568$678
18 years$3,074$2,544$2,092$1,712$1,394$567
19 years$2,882$2,357$1,915$1,547$1,242$476
20 years$2,709$2,191$1,758$1,401$1,110$399
21 years$2,553$2,040$1,617$1,271$993$335
22 years$2,411$1,905$1,490$1,156$890$282
23 years$2,282$1,781$1,376$1,053$799$237
24 years$2,163$1,669$1,272$960$718$200
25 years$2,055$1,566$1,178$877$646$168
26 years$1,955$1,472$1,093$802$582$142
27 years$1,862$1,385$1,015$734$525$119
28 years$1,776$1,305$944$672$474$101
29 years$1,697$1,232$878$617$428$85
30 years$1,622$1,163$818$566$386$72
31 years$1,553$1,099$762$520$349$60
32 years$1,488$1,040$711$478$316$51
33 years$1,427$985$664$439$286$43
34 years$1,370$934$621$404$259$36
35 years$1,316$886$580$372$234$31
36 years$1,266$841$543$343$212$26
37 years$1,218$798$508$316$193$22
38 years$1,173$759$476$291$175$18
39 years$1,130$721$446$268$158$16
40 years$1,090$686$418$247$144$13
41 years$1,051$653$392$228$130$11
42 years$1,015$622$367$211$118$9
43 years$980$593$345$194$107$8
44 years$947$565$324$180$97$7
45 years$915$539$304$166$88$6
46 years$885$514$285$153$80$5
47 years$857$491$268$142$73$4
48 years$829$468$252$131$66$3
49 years$803$447$237$121$60$3
50 years$778$427$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $797,000, adding $6,471 every year, while hoping to spend $55,820 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: 31/41/28 Blend
44$797,000$797,000$797,000$797,000
45$884,969$842,728$830,374$904,658
46$915,844$824,629$798,800$902,320
47$947,997$803,773$764,297$894,464
48$981,500$779,966$726,708$884,911
49$1,016,429$753,001$685,869$873,550
50$1,052,869$722,661$641,610$860,267
51$1,090,907$688,717$593,749$844,942
52$1,130,640$650,925$542,100$827,449
53$1,172,173$609,028$486,468$807,657
54$1,215,618$562,753$426,648$785,427
55$1,261,096$511,813$362,426$760,617
56$1,308,740$455,904$293,579$733,075
57$1,358,692$394,704$219,875$702,645
58$1,411,108$327,874$141,070$669,165
59$1,466,156$255,055$56,911$632,464
60$1,524,019$175,868$0$592,364
61$1,584,896$89,913$0$558,513
62$1,649,003$0$0$539,672
63$1,716,577$0$0$520,168
64$1,787,873$0$0$542,437
65$1,863,172$0$0$566,008
66$1,942,779$0$0$590,983
67$2,027,027$0$0$617,473
68$2,116,280$0$0$645,602
69$2,210,936$0$0$675,501
70$2,311,428$0$0$707,318
71$2,418,233$0$0$741,211
72$2,531,869$0$0$777,357
73$2,652,906$0$0$815,947
74$2,781,966$0$0$857,191
75$2,919,733$0$0$901,319
76$3,066,952$0$0$948,585
77$3,224,445$0$0$999,264
78$3,393,108$0$0$1,053,661
79$3,573,928$0$0$1,112,110
80$3,767,985$0$0$1,174,976
81$3,976,466$0$0$1,242,662
82$4,200,672$0$0$1,315,608
83$4,442,034$0$0$1,394,300
84$4,702,120$0$0$1,479,271
85$4,982,656$0$0$1,571,105
86$5,285,536$0$0$1,670,446
87$5,612,841$0$0$1,778,001
88$5,966,858$0$0$1,894,547
89$6,350,103$0$0$2,020,940
90$6,765,340$0$0$2,158,119
91$7,215,607$0$0$2,307,118
92$7,704,248$0$0$2,469,075
93$8,234,940$0$0$2,645,240
94$8,811,724$0$0$2,836,989
95$9,439,051$0$0$3,045,839
96$10,121,814$0$0$3,273,454
97$10,865,397$0$0$3,521,670
98$11,675,728$0$0$3,792,505
99$12,559,328$0$0$4,088,181
100$13,523,374$0$0$4,411,145