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%18.5%
1 years$65,816$65,229$64,657$64,099$63,554$61,372
2 years$32,582$31,975$31,387$30,817$30,264$28,088
3 years$21,506$20,896$20,309$19,745$19,201$17,099
4 years$15,968$15,361$14,780$14,225$13,694$11,683
5 years$12,647$12,043$11,470$10,926$10,410$8,494
6 years$10,433$9,834$9,269$8,738$8,237$6,419
7 years$8,853$8,259$7,703$7,184$6,699$4,977
8 years$7,668$7,079$6,533$6,026$5,557$3,931
9 years$6,747$6,164$5,627$5,133$4,680$3,147
10 years$6,011$5,433$4,905$4,425$3,988$2,546
11 years$5,409$4,837$4,319$3,851$3,430$2,076
12 years$4,907$4,341$3,833$3,378$2,972$1,703
13 years$4,483$3,923$3,424$2,982$2,592$1,404
14 years$4,120$3,566$3,077$2,647$2,272$1,163
15 years$3,806$3,258$2,778$2,361$2,000$966
16 years$3,531$2,989$2,519$2,114$1,768$804
17 years$3,289$2,753$2,292$1,899$1,568$671
18 years$3,074$2,544$2,092$1,712$1,394$561
19 years$2,882$2,357$1,915$1,547$1,242$470
20 years$2,709$2,191$1,758$1,401$1,110$394
21 years$2,553$2,040$1,617$1,271$993$331
22 years$2,411$1,905$1,490$1,156$890$278
23 years$2,282$1,781$1,376$1,053$799$234
24 years$2,163$1,669$1,272$960$718$196
25 years$2,055$1,566$1,178$877$646$165
26 years$1,955$1,472$1,093$802$582$139
27 years$1,862$1,385$1,015$734$525$117
28 years$1,776$1,305$944$672$474$99
29 years$1,697$1,232$878$617$428$83
30 years$1,622$1,163$818$566$386$70
31 years$1,553$1,099$762$520$349$59
32 years$1,488$1,040$711$478$316$50
33 years$1,427$985$664$439$286$42
34 years$1,370$934$621$404$259$35
35 years$1,316$886$580$372$234$30
36 years$1,266$841$543$343$212$25
37 years$1,218$798$508$316$193$21
38 years$1,173$759$476$291$175$18
39 years$1,130$721$446$268$158$15
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$6
45 years$915$539$304$166$88$5
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 $5,976 every year, while hoping to spend $33,873 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: 82/10/8 Blend
44$797,000$797,000$797,000$797,000
45$884,458$842,217$829,864$955,631
46$938,632$847,445$821,624$1,008,302
47$997,197$851,794$811,972$1,060,985
48$1,060,564$855,185$800,826$1,117,787
49$1,129,187$857,534$788,099$1,179,102
50$1,203,563$858,753$773,700$1,245,362
51$1,284,240$858,746$757,532$1,317,045
52$1,371,821$857,412$739,498$1,394,677
53$1,466,968$854,646$719,492$1,478,835
54$1,570,409$850,334$697,405$1,570,159
55$1,682,946$844,356$673,123$1,669,350
56$1,805,460$836,584$646,527$1,777,182
57$1,938,924$826,883$617,492$1,894,508
58$2,084,403$815,109$585,888$2,022,266
59$2,243,075$801,112$551,577$2,161,493
60$2,416,232$784,730$514,419$2,313,329
61$2,605,298$765,792$474,262$2,479,030
62$2,811,842$744,119$430,953$2,659,982
63$3,037,588$719,519$384,328$2,857,710
64$3,284,436$691,790$334,218$3,073,896
65$3,554,480$660,719$280,445$3,310,393
66$3,850,021$626,079$222,824$3,569,245
67$4,173,596$587,630$161,162$3,852,702
68$4,527,999$545,119$95,257$4,163,244
69$4,916,305$498,280$24,898$4,503,607
70$5,341,901$446,828$0$4,876,803
71$5,808,517$390,466$0$5,290,437
72$6,320,264$328,877$0$5,746,432
73$6,881,666$261,727$0$6,246,715
74$7,497,709$188,664$0$6,795,754
75$8,173,882$109,315$0$7,398,470
76$8,916,234$23,288$0$8,060,289
77$9,731,428$0$0$8,787,187
78$10,626,802$0$0$9,593,434
79$11,610,441$0$0$10,481,994
80$12,691,252$0$0$11,458,354
81$13,879,047$0$0$12,531,380
82$15,184,636$0$0$13,710,838
83$16,619,928$0$0$15,007,491
84$18,198,043$0$0$16,433,194
85$19,933,436$0$0$18,001,009
86$21,842,034$0$0$19,725,328
87$23,941,384$0$0$21,622,006
88$26,250,818$0$0$23,708,513
89$28,791,639$0$0$26,004,098
90$31,587,315$0$0$28,529,967
91$34,663,706$0$0$31,309,489
92$38,049,305$0$0$34,368,411
93$41,775,507$0$0$37,735,100
94$45,876,905$0$0$41,440,818
95$50,391,615$0$0$45,520,005
96$55,361,636$0$0$50,010,615
97$60,833,247$0$0$54,954,466
98$66,857,441$0$0$60,397,636
99$73,490,407$0$0$66,390,901
100$80,794,062$0$0$72,990,210