Can I retire at age 45 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$65,898$65,311$64,738$64,179$63,634$62,298
2 years$32,623$32,015$31,426$30,856$30,302$28,962
3 years$21,533$20,922$20,335$19,769$19,225$17,923
4 years$15,988$15,380$14,799$14,243$13,711$12,458
5 years$12,663$12,058$11,484$10,940$10,423$9,221
6 years$10,447$9,846$9,281$8,749$8,247$7,099
7 years$8,864$8,269$7,713$7,193$6,707$5,612
8 years$7,678$7,088$6,541$6,034$5,564$4,522
9 years$6,756$6,171$5,634$5,139$4,686$3,696
10 years$6,018$5,440$4,912$4,430$3,993$3,053
11 years$5,415$4,843$4,324$3,856$3,434$2,544
12 years$4,913$4,347$3,838$3,382$2,976$2,135
13 years$4,489$3,928$3,429$2,986$2,595$1,801
14 years$4,125$3,570$3,081$2,650$2,275$1,527
15 years$3,811$3,262$2,781$2,364$2,003$1,299
16 years$3,535$2,993$2,522$2,116$1,770$1,108
17 years$3,293$2,756$2,295$1,902$1,569$948
18 years$3,078$2,547$2,095$1,714$1,395$813
19 years$2,885$2,360$1,918$1,548$1,244$698
20 years$2,712$2,193$1,760$1,402$1,111$601
21 years$2,556$2,043$1,619$1,273$994$518
22 years$2,414$1,907$1,492$1,157$891$447
23 years$2,285$1,784$1,378$1,054$800$386
24 years$2,166$1,671$1,274$961$719$333
25 years$2,057$1,568$1,180$878$647$288
26 years$1,957$1,474$1,094$803$583$249
27 years$1,864$1,387$1,016$735$525$216
28 years$1,779$1,307$945$673$474$187
29 years$1,699$1,233$879$617$428$162
30 years$1,624$1,165$819$567$387$140
31 years$1,555$1,101$763$520$350$122
32 years$1,490$1,042$712$478$316$106
33 years$1,429$986$665$440$286$92
34 years$1,372$935$621$405$259$80
35 years$1,318$887$581$372$235$69
36 years$1,267$842$543$343$213$60
37 years$1,220$799$509$316$193$52
38 years$1,174$760$476$291$175$45
39 years$1,132$722$446$269$159$39
40 years$1,091$687$418$248$144$34
41 years$1,053$654$392$229$130$30
42 years$1,016$623$368$211$118$26
43 years$981$594$345$195$107$22
44 years$948$566$324$180$98$19
45 years$917$540$304$166$89$17
46 years$887$515$286$153$80$15
47 years$858$491$269$142$73$13
48 years$830$469$252$131$66$11
49 years$804$448$237$121$60$10
50 years$779$428$223$112$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $798,000, adding $6,430 every year, while hoping to spend $44,140 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: 55/31/14 Blend
44$798,000$798,000$798,000$798,000
45$886,029$843,735$831,366$931,182
46$929,439$838,113$812,252$956,972
47$975,798$830,736$791,018$979,711
48$1,025,359$821,473$767,547$1,003,458
49$1,078,402$810,181$741,716$1,028,317
50$1,135,231$796,712$713,396$1,054,407
51$1,196,182$780,908$682,452$1,081,860
52$1,261,622$762,603$648,744$1,110,825
53$1,331,956$741,618$612,125$1,141,467
54$1,407,625$717,768$572,441$1,173,972
55$1,489,117$690,852$529,532$1,208,547
56$1,576,965$660,662$483,230$1,245,424
57$1,671,757$626,976$433,359$1,284,860
58$1,774,136$589,557$379,736$1,327,143
59$1,884,812$548,159$322,171$1,372,596
60$2,004,562$502,519$260,464$1,421,574
61$2,134,243$452,358$194,405$1,474,478
62$2,274,796$397,384$123,778$1,531,750
63$2,427,256$337,286$48,355$1,593,884
64$2,592,760$271,737$0$1,661,429
65$2,772,560$200,391$0$1,739,796
66$2,968,033$122,881$0$1,832,884
67$3,180,693$38,823$0$1,934,253
68$3,412,207$0$0$2,044,782
69$3,664,408$0$0$2,183,245
70$3,939,315$0$0$2,348,677
71$4,239,148$0$0$2,529,179
72$4,566,352$0$0$2,726,232
73$4,923,618$0$0$2,941,465
74$5,313,906$0$0$3,176,673
75$5,740,479$0$0$3,433,830
76$6,206,925$0$0$3,715,111
77$6,717,198$0$0$4,022,909
78$7,275,649$0$0$4,359,863
79$7,887,072$0$0$4,728,874
80$8,556,742$0$0$5,133,139
81$9,290,472$0$0$5,576,181
82$10,094,663$0$0$6,061,875
83$10,976,363$0$0$6,594,494
84$11,943,335$0$0$7,178,740
85$13,004,131$0$0$7,819,795
86$14,168,170$0$0$8,523,365
87$15,445,825$0$0$9,295,737
88$16,848,525$0$0$10,143,836
89$18,388,858$0$0$11,075,288
90$20,080,692$0$0$12,098,497
91$21,939,301$0$0$13,222,719
92$23,981,516$0$0$14,458,152
93$26,225,876$0$0$15,816,032
94$28,692,804$0$0$17,308,734
95$31,404,805$0$0$18,949,895
96$34,386,667$0$0$20,754,538
97$37,665,704$0$0$22,739,215
98$41,272,008$0$0$24,922,162
99$45,238,734$0$0$27,323,471
100$49,602,411$0$0$29,965,281