Can I retire at age 45 with 788,000?

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 $788,000?

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$65,072$64,493$63,927$63,375$62,836$61,517
2 years$32,214$31,614$31,033$30,469$29,922$28,599
3 years$21,263$20,660$20,080$19,522$18,984$17,699
4 years$15,788$15,187$14,613$14,064$13,539$12,302
5 years$12,504$11,907$11,340$10,803$10,292$9,106
6 years$10,316$9,723$9,165$8,639$8,144$7,010
7 years$8,753$8,165$7,616$7,103$6,623$5,542
8 years$7,582$6,999$6,459$5,958$5,495$4,465
9 years$6,671$6,094$5,563$5,075$4,627$3,649
10 years$5,943$5,372$4,850$4,375$3,943$3,015
11 years$5,348$4,782$4,270$3,807$3,391$2,513
12 years$4,852$4,292$3,789$3,340$2,938$2,108
13 years$4,433$3,879$3,386$2,948$2,562$1,779
14 years$4,074$3,526$3,042$2,617$2,246$1,507
15 years$3,763$3,221$2,746$2,334$1,978$1,282
16 years$3,491$2,955$2,490$2,090$1,748$1,094
17 years$3,252$2,721$2,266$1,878$1,550$936
18 years$3,039$2,515$2,068$1,692$1,378$803
19 years$2,849$2,331$1,894$1,529$1,228$690
20 years$2,678$2,166$1,738$1,385$1,097$593
21 years$2,524$2,017$1,598$1,257$982$511
22 years$2,384$1,883$1,473$1,143$880$441
23 years$2,256$1,761$1,360$1,041$790$381
24 years$2,139$1,650$1,258$949$710$329
25 years$2,032$1,549$1,165$867$639$285
26 years$1,933$1,455$1,081$793$576$246
27 years$1,841$1,370$1,003$726$519$213
28 years$1,756$1,291$933$665$468$185
29 years$1,677$1,218$868$610$423$160
30 years$1,604$1,150$809$559$382$139
31 years$1,535$1,087$754$514$345$120
32 years$1,471$1,029$703$472$312$104
33 years$1,411$974$657$434$283$91
34 years$1,355$923$614$400$256$79
35 years$1,302$876$574$368$232$68
36 years$1,252$831$537$339$210$59
37 years$1,204$789$502$312$190$51
38 years$1,160$750$470$288$173$45
39 years$1,117$713$441$265$157$39
40 years$1,077$679$413$245$142$34
41 years$1,039$646$387$226$129$29
42 years$1,003$615$363$208$117$25
43 years$969$586$341$192$106$22
44 years$936$559$320$178$96$19
45 years$905$533$300$164$87$17
46 years$875$508$282$151$79$14
47 years$847$485$265$140$72$13
48 years$820$463$249$129$65$11
49 years$794$442$234$119$59$9
50 years$769$422$220$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $788,000, adding $4,023 every year, while hoping to spend $33,975 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: 55/33/12 Blend
44$788,000$788,000$788,000$788,000
45$872,526$830,762$818,548$917,622
46$925,374$835,320$809,820$953,224
47$982,475$838,963$799,661$987,920
48$1,044,225$841,610$787,987$1,024,905
49$1,111,061$843,174$774,711$1,064,402
50$1,183,466$843,566$759,740$1,106,661
51$1,261,967$842,688$742,979$1,151,956
52$1,347,145$840,437$724,326$1,200,592
53$1,439,640$836,705$703,677$1,252,904
54$1,540,154$831,374$680,921$1,309,266
55$1,649,461$824,324$655,944$1,370,091
56$1,768,413$815,422$628,624$1,435,832
57$1,897,945$804,531$598,837$1,506,996
58$2,039,087$791,505$566,450$1,584,138
59$2,192,974$776,189$531,326$1,667,877
60$2,360,853$758,418$493,321$1,758,894
61$2,544,098$738,018$452,285$1,857,941
62$2,744,221$714,806$408,061$1,965,854
63$2,962,886$688,586$360,486$2,083,553
64$3,201,925$659,152$309,387$2,212,055
65$3,463,357$626,285$254,587$2,352,487
66$3,749,402$589,756$195,898$2,506,091
67$4,062,506$549,319$133,126$2,674,242
68$4,405,362$504,717$66,066$2,858,458
69$4,780,937$455,676$0$3,060,414
70$5,192,497$401,909$0$3,282,669
71$5,643,640$343,109$0$3,535,638
72$6,138,326$278,957$0$3,813,141
73$6,680,919$209,110$0$4,117,707
74$7,276,227$133,210$0$4,452,123
75$7,929,542$50,878$0$4,819,466
76$8,646,696$0$0$5,223,134
77$9,434,113$0$0$5,680,774
78$10,298,868$0$0$6,203,729
79$11,248,757$0$0$6,778,246
80$12,292,364$0$0$7,409,529
81$13,439,152$0$0$8,103,309
82$14,699,540$0$0$8,865,902
83$16,085,010$0$0$9,704,266
84$17,608,210$0$0$10,626,065
85$19,283,077$0$0$11,639,744
86$21,124,963$0$0$12,754,608
87$23,150,785$0$0$13,980,907
88$25,379,179$0$0$15,329,937
89$27,830,680$0$0$16,814,142
90$30,527,913$0$0$18,447,233
91$33,495,807$0$0$20,244,318
92$36,761,829$0$0$22,222,043
93$40,356,243$0$0$24,398,749
94$44,312,395$0$0$26,794,646
95$48,667,028$0$0$29,432,002
96$53,460,630$0$0$32,335,353
97$58,737,810$0$0$35,531,738
98$64,547,725$0$0$39,050,946
99$70,944,539$0$0$42,925,804
100$77,987,935$0$0$47,192,486