Can I retire at age 45 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$64,825$64,247$63,684$63,134$62,597$62,150
2 years$32,091$31,494$30,914$30,353$29,808$29,358
3 years$21,182$20,581$20,004$19,447$18,911$18,471
4 years$15,728$15,130$14,558$14,011$13,488$13,061
5 years$12,457$11,862$11,297$10,762$10,253$9,842
6 years$10,276$9,686$9,130$8,606$8,113$7,717
7 years$8,720$8,134$7,587$7,076$6,598$6,217
8 years$7,553$6,973$6,434$5,936$5,474$5,109
9 years$6,646$6,071$5,542$5,056$4,610$4,260
10 years$5,920$5,351$4,832$4,358$3,928$3,593
11 years$5,327$4,764$4,254$3,793$3,378$3,059
12 years$4,833$4,276$3,775$3,327$2,927$2,623
13 years$4,416$3,864$3,373$2,937$2,553$2,262
14 years$4,058$3,512$3,030$2,607$2,238$1,962
15 years$3,749$3,209$2,736$2,325$1,970$1,708
16 years$3,478$2,944$2,481$2,082$1,741$1,492
17 years$3,239$2,711$2,257$1,871$1,544$1,308
18 years$3,027$2,505$2,061$1,686$1,373$1,149
19 years$2,838$2,322$1,886$1,523$1,224$1,012
20 years$2,668$2,158$1,731$1,380$1,093$893
21 years$2,514$2,010$1,592$1,252$978$789
22 years$2,375$1,876$1,468$1,138$877$699
23 years$2,247$1,755$1,355$1,037$787$619
24 years$2,131$1,644$1,253$946$707$550
25 years$2,024$1,543$1,161$864$636$488
26 years$1,925$1,450$1,077$790$573$434
27 years$1,834$1,365$1,000$723$517$386
28 years$1,750$1,286$929$662$466$344
29 years$1,671$1,213$865$607$421$306
30 years$1,598$1,146$806$557$381$273
31 years$1,530$1,083$751$512$344$243
32 years$1,466$1,025$701$470$311$217
33 years$1,406$970$654$433$282$194
34 years$1,350$920$611$398$255$173
35 years$1,297$872$571$366$231$154
36 years$1,247$828$535$337$209$138
37 years$1,200$786$500$311$190$123
38 years$1,155$747$469$287$172$110
39 years$1,113$711$439$264$156$98
40 years$1,073$676$411$244$141$88
41 years$1,035$644$386$225$128$79
42 years$999$613$362$208$116$70
43 years$965$584$340$192$106$63
44 years$933$557$319$177$96$56
45 years$902$531$299$163$87$50
46 years$872$506$281$151$79$45
47 years$844$483$264$139$72$40
48 years$817$461$248$129$65$36
49 years$791$441$233$119$59$32
50 years$766$421$219$110$54$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $785,000, adding $4,128 every year, while hoping to spend $35,612 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: 49/46/5 Blend
44$785,000$785,000$785,000$785,000
45$869,328$827,723$815,556$910,657
46$920,109$830,391$804,986$941,946
47$974,875$831,995$792,868$971,755
48$1,033,997$832,447$779,114$1,003,279
49$1,097,879$831,652$763,629$1,036,684
50$1,166,967$829,507$746,315$1,072,158
51$1,241,751$825,906$727,069$1,109,908
52$1,322,769$820,735$705,786$1,150,164
53$1,410,614$813,873$682,351$1,193,183
54$1,505,935$805,192$656,649$1,239,247
55$1,609,450$794,555$628,556$1,288,672
56$1,721,945$781,820$597,944$1,341,807
57$1,844,287$766,833$564,679$1,399,040
58$1,977,429$749,433$528,621$1,460,799
59$2,122,420$729,448$489,623$1,527,561
60$2,280,414$706,698$447,532$1,599,854
61$2,452,681$680,991$402,189$1,678,263
62$2,640,618$652,123$353,426$1,763,437
63$2,845,764$619,881$301,069$1,856,094
64$3,069,814$584,036$244,936$1,957,029
65$3,314,630$544,349$184,837$2,067,123
66$3,582,266$500,566$120,573$2,187,353
67$3,874,982$452,418$51,936$2,318,798
68$4,195,265$399,622$0$2,462,654
69$4,545,855$341,877$0$2,621,382
70$4,929,771$278,867$0$2,798,338
71$5,350,333$210,257$0$2,992,383
72$5,811,200$135,693$0$3,205,320
73$6,316,403$54,802$0$3,439,147
74$6,870,379$0$0$3,696,069
75$7,478,017$0$0$3,995,133
76$8,144,699$0$0$4,353,778
77$8,876,357$0$0$4,747,466
78$9,679,522$0$0$5,179,723
79$10,561,390$0$0$5,654,433
80$11,529,886$0$0$6,175,874
81$12,593,744$0$0$6,748,760
82$13,762,581$0$0$7,378,283
83$15,046,994$0$0$8,070,163
84$16,458,657$0$0$8,830,703
85$18,010,430$0$0$9,666,845
86$19,716,484$0$0$10,586,240
87$21,592,429$0$0$11,597,314
88$23,655,463$0$0$12,709,353
89$25,924,536$0$0$13,932,587
90$28,420,525$0$0$15,278,288
91$31,166,433$0$0$16,758,874
92$34,187,605$0$0$18,388,030
93$37,511,965$0$0$20,180,831
94$41,170,283$0$0$22,153,891
95$45,196,460$0$0$24,325,513
96$49,627,852$0$0$26,715,866
97$54,505,618$0$0$29,347,173
98$59,875,111$0$0$32,243,922
99$65,786,306$0$0$35,433,095
100$72,294,266$0$0$38,944,422