Can I retire at age 45 with 797,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.8%
1 years$65,816$65,229$64,657$64,099$63,554$62,043
2 years$32,582$31,975$31,387$30,817$30,264$28,750
3 years$21,506$20,896$20,309$19,745$19,201$17,732
4 years$15,968$15,361$14,780$14,225$13,694$12,281
5 years$12,647$12,043$11,470$10,926$10,410$9,057
6 years$10,433$9,834$9,269$8,738$8,237$6,946
7 years$8,853$8,259$7,703$7,184$6,699$5,469
8 years$7,668$7,079$6,533$6,026$5,557$4,389
9 years$6,747$6,164$5,627$5,133$4,680$3,572
10 years$6,011$5,433$4,905$4,425$3,988$2,939
11 years$5,409$4,837$4,319$3,851$3,430$2,438
12 years$4,907$4,341$3,833$3,378$2,972$2,036
13 years$4,483$3,923$3,424$2,982$2,592$1,710
14 years$4,120$3,566$3,077$2,647$2,272$1,442
15 years$3,806$3,258$2,778$2,361$2,000$1,221
16 years$3,531$2,989$2,519$2,114$1,768$1,037
17 years$3,289$2,753$2,292$1,899$1,568$883
18 years$3,074$2,544$2,092$1,712$1,394$753
19 years$2,882$2,357$1,915$1,547$1,242$643
20 years$2,709$2,191$1,758$1,401$1,110$551
21 years$2,553$2,040$1,617$1,271$993$472
22 years$2,411$1,905$1,490$1,156$890$405
23 years$2,282$1,781$1,376$1,053$799$348
24 years$2,163$1,669$1,272$960$718$299
25 years$2,055$1,566$1,178$877$646$257
26 years$1,955$1,472$1,093$802$582$221
27 years$1,862$1,385$1,015$734$525$190
28 years$1,776$1,305$944$672$474$164
29 years$1,697$1,232$878$617$428$141
30 years$1,622$1,163$818$566$386$122
31 years$1,553$1,099$762$520$349$105
32 years$1,488$1,040$711$478$316$91
33 years$1,427$985$664$439$286$78
34 years$1,370$934$621$404$259$67
35 years$1,316$886$580$372$234$58
36 years$1,266$841$543$343$212$50
37 years$1,218$798$508$316$193$43
38 years$1,173$759$476$291$175$37
39 years$1,130$721$446$268$158$32
40 years$1,090$686$418$247$144$28
41 years$1,051$653$392$228$130$24
42 years$1,015$622$367$211$118$21
43 years$980$593$345$194$107$18
44 years$947$565$324$180$97$15
45 years$915$539$304$166$88$13
46 years$885$514$285$153$80$12
47 years$857$491$268$142$73$10
48 years$829$468$252$131$66$9
49 years$803$447$237$121$60$7
50 years$778$427$223$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $797,000, adding $2,810 every year, while hoping to spend $39,443 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: 74/11/15 Blend
44$797,000$797,000$797,000$797,000
45$881,193$838,952$826,598$943,296
46$929,107$838,093$812,322$983,911
47$980,587$835,871$796,246$1,023,257
48$1,035,954$832,176$778,267$1,065,311
49$1,095,562$826,893$758,280$1,110,333
50$1,159,800$819,901$736,173$1,158,608
51$1,229,093$811,069$711,828$1,210,450
52$1,303,910$800,262$685,124$1,266,208
53$1,384,766$787,332$655,933$1,326,264
54$1,472,227$772,126$624,121$1,391,042
55$1,566,915$754,481$589,550$1,461,008
56$1,669,513$734,223$552,073$1,536,677
57$1,780,774$711,170$511,538$1,618,619
58$1,901,524$685,129$467,785$1,707,460
59$2,032,672$655,893$420,649$1,803,893
60$2,175,219$623,246$369,955$1,908,681
61$2,330,266$586,959$315,522$2,022,668
62$2,499,021$546,789$257,161$2,146,783
63$2,682,819$502,479$194,674$2,282,053
64$2,883,124$453,758$127,853$2,429,609
65$3,101,550$400,340$56,483$2,590,702
66$3,339,873$341,921$0$2,766,709
67$3,600,046$278,181$0$2,962,300
68$3,884,221$208,783$0$3,185,856
69$4,194,767$133,368$0$3,430,217
70$4,534,291$51,561$0$3,697,466
71$4,905,663$0$0$3,989,897
72$5,312,045$0$0$4,314,522
73$5,756,917$0$0$4,676,760
74$6,244,112$0$0$5,073,494
75$6,777,850$0$0$5,508,166
76$7,362,780$0$0$5,984,565
77$8,004,021$0$0$6,506,865
78$8,707,211$0$0$7,079,665
79$9,478,560$0$0$7,708,026
80$10,324,907$0$0$8,397,527
81$11,253,788$0$0$9,154,310
82$12,273,500$0$0$9,985,143
83$13,393,185$0$0$10,897,479
84$14,622,914$0$0$11,899,529
85$15,973,779$0$0$13,000,340
86$17,458,001$0$0$14,209,876
87$19,089,042$0$0$15,539,114
88$20,881,736$0$0$17,000,150
89$22,852,421$0$0$18,606,307
90$25,019,099$0$0$20,372,264
91$27,401,604$0$0$22,314,194
92$30,021,787$0$0$24,449,916
93$32,903,723$0$0$26,799,062
94$36,073,938$0$0$29,383,261
95$39,561,656$0$0$32,226,344
96$43,399,080$0$0$35,354,572
97$47,621,688$0$0$38,796,874
98$52,268,573$0$0$42,585,129
99$57,382,808$0$0$46,754,462
100$63,011,855$0$0$51,343,575