Can I retire at age 45 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$64,907$64,329$63,765$63,214$62,677$62,100
2 years$32,132$31,534$30,954$30,392$29,846$29,265
3 years$21,209$20,608$20,029$19,472$18,936$18,368
4 years$15,748$15,149$14,576$14,029$13,505$12,955
5 years$12,472$11,877$11,312$10,775$10,266$9,736
6 years$10,289$9,698$9,142$8,617$8,123$7,614
7 years$8,731$8,145$7,597$7,085$6,606$6,117
8 years$7,562$6,981$6,443$5,943$5,481$5,012
9 years$6,654$6,079$5,549$5,062$4,616$4,167
10 years$5,928$5,358$4,838$4,364$3,933$3,505
11 years$5,334$4,770$4,259$3,798$3,382$2,974
12 years$4,839$4,281$3,780$3,331$2,931$2,542
13 years$4,421$3,869$3,377$2,941$2,556$2,186
14 years$4,063$3,517$3,034$2,611$2,240$1,889
15 years$3,753$3,213$2,740$2,328$1,973$1,639
16 years$3,482$2,948$2,484$2,085$1,743$1,427
17 years$3,243$2,715$2,260$1,873$1,546$1,247
18 years$3,031$2,508$2,063$1,688$1,375$1,092
19 years$2,842$2,325$1,889$1,525$1,225$958
20 years$2,671$2,160$1,733$1,381$1,094$842
21 years$2,517$2,012$1,594$1,254$979$742
22 years$2,378$1,878$1,469$1,140$878$654
23 years$2,250$1,757$1,357$1,038$788$577
24 years$2,134$1,646$1,255$947$708$510
25 years$2,026$1,545$1,162$865$637$452
26 years$1,928$1,452$1,078$791$574$400
27 years$1,836$1,366$1,001$724$518$354
28 years$1,752$1,287$930$663$467$314
29 years$1,673$1,215$866$608$422$279
30 years$1,600$1,147$807$558$381$248
31 years$1,532$1,084$752$512$344$220
32 years$1,468$1,026$702$471$312$195
33 years$1,408$972$655$433$282$174
34 years$1,351$921$612$399$255$154
35 years$1,298$873$572$367$231$137
36 years$1,248$829$535$338$210$122
37 years$1,201$787$501$311$190$109
38 years$1,157$748$469$287$172$97
39 years$1,115$712$440$265$156$86
40 years$1,075$677$412$244$142$77
41 years$1,037$644$386$225$128$68
42 years$1,001$614$362$208$117$61
43 years$966$585$340$192$106$54
44 years$934$557$319$177$96$48
45 years$903$532$300$164$87$43
46 years$873$507$282$151$79$38
47 years$845$484$264$140$72$34
48 years$818$462$249$129$65$30
49 years$792$441$234$119$59$27
50 years$767$421$220$110$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $786,000, adding $3,088 every year, while hoping to spend $59,100 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: 74/18/8 Blend
44$786,000$786,000$786,000$786,000
45$869,357$827,699$815,516$932,379
46$895,150$805,375$779,954$952,004
47$921,592$779,975$741,220$965,741
48$948,689$751,288$699,145$979,120
49$976,442$719,088$653,553$992,085
50$1,004,851$683,136$604,259$1,004,578
51$1,033,916$643,180$551,072$1,016,533
52$1,063,633$598,953$493,790$1,027,880
53$1,093,995$550,173$432,204$1,038,545
54$1,124,993$496,541$366,093$1,048,444
55$1,156,614$437,744$295,229$1,057,490
56$1,188,841$373,446$219,372$1,065,586
57$1,221,655$303,297$138,273$1,072,630
58$1,255,030$226,925$51,671$1,078,508
59$1,288,935$143,936$0$1,083,099
60$1,323,335$53,917$0$1,089,751
61$1,358,185$0$0$1,099,776
62$1,393,435$0$0$1,117,261
63$1,429,028$0$0$1,145,685
64$1,464,895$0$0$1,174,315
65$1,500,960$0$0$1,203,086
66$1,537,132$0$0$1,231,925
67$1,573,310$0$0$1,260,748
68$1,609,379$0$0$1,289,461
69$1,645,209$0$0$1,317,956
70$1,680,651$0$0$1,346,112
71$1,715,538$0$0$1,373,793
72$1,749,683$0$0$1,400,844
73$1,782,874$0$0$1,427,092
74$1,814,875$0$0$1,452,343
75$1,845,419$0$0$1,476,381
76$1,874,210$0$0$1,498,960
77$1,900,915$0$0$1,519,811
78$1,925,163$0$0$1,538,629
79$1,946,541$0$0$1,555,076
80$1,964,587$0$0$1,568,775
81$1,978,788$0$0$1,579,307
82$1,988,572$0$0$1,586,204
83$1,993,305$0$0$1,588,947
84$1,992,281$0$0$1,586,960
85$1,984,715$0$0$1,579,603
86$1,969,738$0$0$1,566,164
87$1,946,385$0$0$1,545,856
88$1,913,585$0$0$1,517,805
89$1,870,153$0$0$1,481,043
90$1,814,775$0$0$1,434,496
91$1,745,994$0$0$1,376,976
92$1,662,200$0$0$1,307,168
93$1,561,610$0$0$1,223,617
94$1,442,251$0$0$1,124,712
95$1,301,940$0$0$1,008,671
96$1,138,263$0$0$873,525
97$948,552$0$0$717,097
98$729,858$0$0$536,978
99$478,920$0$0$330,510
100$192,137$0$0$94,753