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%17.1%
1 years$65,898$65,311$64,738$64,179$63,634$61,795
2 years$32,623$32,015$31,426$30,856$30,302$28,464
3 years$21,533$20,922$20,335$19,769$19,225$17,445
4 years$15,988$15,380$14,799$14,243$13,711$12,004
5 years$12,663$12,058$11,484$10,940$10,423$8,792
6 years$10,447$9,846$9,281$8,749$8,247$6,695
7 years$8,864$8,269$7,713$7,193$6,707$5,233
8 years$7,678$7,088$6,541$6,034$5,564$4,168
9 years$6,756$6,171$5,634$5,139$4,686$3,365
10 years$6,018$5,440$4,912$4,430$3,993$2,746
11 years$5,415$4,843$4,324$3,856$3,434$2,259
12 years$4,913$4,347$3,838$3,382$2,976$1,871
13 years$4,489$3,928$3,429$2,986$2,595$1,557
14 years$4,125$3,570$3,081$2,650$2,275$1,302
15 years$3,811$3,262$2,781$2,364$2,003$1,092
16 years$3,535$2,993$2,522$2,116$1,770$919
17 years$3,293$2,756$2,295$1,902$1,569$775
18 years$3,078$2,547$2,095$1,714$1,395$655
19 years$2,885$2,360$1,918$1,548$1,244$554
20 years$2,712$2,193$1,760$1,402$1,111$470
21 years$2,556$2,043$1,619$1,273$994$398
22 years$2,414$1,907$1,492$1,157$891$338
23 years$2,285$1,784$1,378$1,054$800$288
24 years$2,166$1,671$1,274$961$719$245
25 years$2,057$1,568$1,180$878$647$208
26 years$1,957$1,474$1,094$803$583$177
27 years$1,864$1,387$1,016$735$525$151
28 years$1,779$1,307$945$673$474$129
29 years$1,699$1,233$879$617$428$110
30 years$1,624$1,165$819$567$387$94
31 years$1,555$1,101$763$520$350$80
32 years$1,490$1,042$712$478$316$68
33 years$1,429$986$665$440$286$58
34 years$1,372$935$621$405$259$50
35 years$1,318$887$581$372$235$42
36 years$1,267$842$543$343$213$36
37 years$1,220$799$509$316$193$31
38 years$1,174$760$476$291$175$26
39 years$1,132$722$446$269$159$22
40 years$1,091$687$418$248$144$19
41 years$1,053$654$392$229$130$16
42 years$1,016$623$368$211$118$14
43 years$981$594$345$195$107$12
44 years$948$566$324$180$98$10
45 years$917$540$304$166$89$9
46 years$887$515$286$153$80$7
47 years$858$491$269$142$73$6
48 years$830$469$252$131$66$5
49 years$804$448$237$121$60$5
50 years$779$428$223$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $798,000, adding $5,744 every year, while hoping to spend $50,151 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: 33/48/19 Blend
44$798,000$798,000$798,000$798,000
45$885,321$843,027$830,658$909,172
46$922,263$830,975$805,125$915,292
47$961,293$816,652$777,055$916,868
48$1,002,570$799,893$746,312$917,514
49$1,046,269$780,524$712,750$917,176
50$1,092,580$758,362$676,219$915,802
51$1,141,713$733,210$636,561$913,339
52$1,193,894$704,864$593,612$909,733
53$1,249,372$673,104$547,200$904,932
54$1,308,422$637,699$497,144$898,882
55$1,371,340$598,406$443,258$891,533
56$1,438,453$554,965$385,344$882,836
57$1,510,121$507,103$323,198$872,741
58$1,586,734$454,532$256,606$861,205
59$1,668,722$396,946$185,344$848,188
60$1,756,559$334,023$109,180$833,651
61$1,850,759$265,422$27,869$817,564
62$1,951,892$190,783$0$799,903
63$2,060,580$109,725$0$792,592
64$2,177,506$21,849$0$790,487
65$2,303,420$0$0$787,992
66$2,439,148$0$0$823,883
67$2,585,595$0$0$875,151
68$2,743,756$0$0$930,616
69$2,914,723$0$0$990,674
70$3,099,699$0$0$1,055,759
71$3,300,004$0$0$1,126,351
72$3,517,091$0$0$1,202,974
73$3,752,556$0$0$1,286,207
74$4,008,155$0$0$1,376,687
75$4,285,819$0$0$1,475,114
76$4,587,674$0$0$1,582,257
77$4,916,055$0$0$1,698,964
78$5,273,536$0$0$1,826,168
79$5,662,945$0$0$1,964,895
80$6,087,395$0$0$2,116,274
81$6,550,316$0$0$2,281,550
82$7,055,477$0$0$2,462,090
83$7,607,031$0$0$2,659,401
84$8,209,548$0$0$2,875,143
85$8,868,060$0$0$3,111,142
86$9,588,106$0$0$3,369,408
87$10,375,785$0$0$3,652,157
88$11,237,812$0$0$3,961,828
89$12,181,583$0$0$4,301,105
90$13,215,240$0$0$4,672,946
91$14,347,751$0$0$5,080,608
92$15,588,992$0$0$5,527,679
93$16,949,839$0$0$6,018,110
94$18,442,271$0$0$6,556,253
95$20,079,484$0$0$7,146,902
96$21,876,009$0$0$7,795,338
97$23,847,855$0$0$8,507,376
98$26,012,655$0$0$9,289,426
99$28,389,832$0$0$10,148,545
100$31,000,784$0$0$11,092,509