Can I retire at age 45 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$64,990$64,411$63,846$63,295$62,756$60,772
2 years$32,173$31,574$30,993$30,430$29,884$27,903
3 years$21,236$20,634$20,055$19,497$18,960$17,044
4 years$15,768$15,168$14,595$14,046$13,522$11,686
5 years$12,488$11,892$11,326$10,789$10,279$8,528
6 years$10,303$9,711$9,153$8,628$8,134$6,469
7 years$8,742$8,155$7,606$7,094$6,615$5,036
8 years$7,572$6,990$6,451$5,951$5,488$3,994
9 years$6,662$6,086$5,556$5,069$4,621$3,212
10 years$5,935$5,365$4,844$4,369$3,938$2,609
11 years$5,341$4,776$4,264$3,803$3,387$2,137
12 years$4,846$4,287$3,785$3,335$2,935$1,762
13 years$4,427$3,874$3,381$2,945$2,559$1,459
14 years$4,068$3,521$3,038$2,614$2,243$1,214
15 years$3,758$3,217$2,743$2,331$1,975$1,014
16 years$3,487$2,951$2,487$2,087$1,746$848
17 years$3,248$2,718$2,263$1,875$1,548$712
18 years$3,035$2,512$2,066$1,690$1,376$598
19 years$2,845$2,328$1,891$1,527$1,227$504
20 years$2,675$2,163$1,736$1,383$1,096$425
21 years$2,521$2,015$1,596$1,255$981$358
22 years$2,381$1,881$1,471$1,141$879$303
23 years$2,253$1,759$1,359$1,039$789$256
24 years$2,136$1,648$1,256$948$709$216
25 years$2,029$1,547$1,164$866$638$183
26 years$1,930$1,454$1,079$792$575$155
27 years$1,839$1,368$1,002$725$518$131
28 years$1,754$1,289$932$664$468$111
29 years$1,675$1,216$867$609$422$94
30 years$1,602$1,148$808$559$382$80
31 years$1,534$1,086$753$513$345$68
32 years$1,469$1,027$702$472$312$58
33 years$1,409$973$656$434$282$49
34 years$1,353$922$613$399$256$41
35 years$1,300$875$573$367$232$35
36 years$1,250$830$536$338$210$30
37 years$1,203$788$502$312$190$25
38 years$1,158$749$470$287$172$21
39 years$1,116$712$440$265$156$18
40 years$1,076$678$413$244$142$15
41 years$1,038$645$387$225$129$13
42 years$1,002$614$363$208$117$11
43 years$968$585$340$192$106$9
44 years$935$558$320$177$96$8
45 years$904$532$300$164$87$7
46 years$874$508$282$151$79$6
47 years$846$484$265$140$72$5
48 years$819$463$249$129$65$4
49 years$793$442$234$119$59$4
50 years$768$422$220$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $787,000, adding $2,814 every year, while hoping to spend $46,524 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: 49/21/30 Blend
44$787,000$787,000$787,000$787,000
45$870,177$828,466$816,267$905,260
46$909,433$819,559$794,111$921,312
47$951,135$808,657$769,653$933,955
48$995,482$795,613$742,768$946,805
49$1,042,693$780,270$713,322$959,905
50$1,093,009$762,464$681,179$973,306
51$1,146,691$742,020$646,195$987,067
52$1,204,028$718,753$608,217$1,001,256
53$1,265,336$692,469$567,088$1,015,951
54$1,330,959$662,959$522,645$1,031,242
55$1,401,278$630,005$474,714$1,047,232
56$1,476,707$593,374$423,117$1,064,041
57$1,557,705$552,823$367,664$1,081,801
58$1,644,770$508,091$308,161$1,100,666
59$1,738,454$458,905$244,402$1,120,809
60$1,839,361$404,975$176,173$1,142,426
61$1,948,152$345,996$103,252$1,165,739
62$2,065,558$281,643$25,404$1,190,997
63$2,192,377$211,576$0$1,218,483
64$2,329,491$135,435$0$1,266,974
65$2,477,865$52,837$0$1,328,245
66$2,638,562$0$0$1,394,638
67$2,812,751$0$0$1,475,153
68$3,001,716$0$0$1,575,815
69$3,206,871$0$0$1,685,175
70$3,429,770$0$0$1,804,072
71$3,672,122$0$0$1,933,427
72$3,935,808$0$0$2,074,255
73$4,222,897$0$0$2,227,671
74$4,535,668$0$0$2,394,903
75$4,876,625$0$0$2,577,304
76$5,248,526$0$0$2,776,360
77$5,654,408$0$0$2,993,709
78$6,097,612$0$0$3,231,155
79$6,581,815$0$0$3,490,680
80$7,111,069$0$0$3,774,470
81$7,689,830$0$0$4,084,930
82$8,323,008$0$0$4,424,710
83$9,016,007$0$0$4,796,725
84$9,774,781$0$0$5,204,188
85$10,605,882$0$0$5,650,635
86$11,516,529$0$0$6,139,961
87$12,514,670$0$0$6,676,458
88$13,609,061$0$0$7,264,849
89$14,809,344$0$0$7,910,338
90$16,126,138$0$0$8,618,659
91$17,571,141$0$0$9,396,124
92$19,157,240$0$0$10,249,690
93$20,898,626$0$0$11,187,016
94$22,810,936$0$0$12,216,543
95$24,911,391$0$0$13,347,569
96$27,218,966$0$0$14,590,334
97$29,754,561$0$0$15,956,123
98$32,541,204$0$0$17,457,366
99$35,604,263$0$0$19,107,758
100$38,971,684$0$0$20,922,387