Can I retire at age 45 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$65,155$64,575$64,008$63,456$62,916$61,395
2 years$32,255$31,654$31,072$30,508$29,960$28,437
3 years$21,290$20,686$20,106$19,546$19,008$17,530
4 years$15,808$15,207$14,632$14,082$13,557$12,135
5 years$12,520$11,922$11,355$10,816$10,305$8,945
6 years$10,329$9,735$9,176$8,650$8,154$6,856
7 years$8,764$8,176$7,626$7,112$6,632$5,396
8 years$7,591$7,008$6,467$5,966$5,502$4,327
9 years$6,679$6,102$5,570$5,082$4,633$3,520
10 years$5,950$5,378$4,856$4,380$3,948$2,894
11 years$5,354$4,788$4,275$3,812$3,395$2,399
12 years$4,858$4,298$3,794$3,344$2,942$2,002
13 years$4,438$3,884$3,390$2,952$2,566$1,680
14 years$4,079$3,530$3,046$2,621$2,249$1,416
15 years$3,768$3,225$2,750$2,337$1,980$1,198
16 years$3,496$2,959$2,493$2,093$1,750$1,017
17 years$3,256$2,725$2,269$1,880$1,552$865
18 years$3,043$2,518$2,071$1,694$1,380$737
19 years$2,853$2,334$1,896$1,531$1,230$630
20 years$2,682$2,169$1,740$1,387$1,098$538
21 years$2,527$2,020$1,600$1,258$983$461
22 years$2,387$1,885$1,475$1,144$881$395
23 years$2,259$1,763$1,362$1,042$791$339
24 years$2,142$1,652$1,260$950$711$291
25 years$2,034$1,551$1,167$868$640$250
26 years$1,935$1,457$1,082$794$576$215
27 years$1,843$1,371$1,005$726$520$185
28 years$1,759$1,292$934$666$469$159
29 years$1,680$1,219$869$610$423$137
30 years$1,606$1,151$810$560$382$118
31 years$1,537$1,088$755$514$346$102
32 years$1,473$1,030$704$473$313$88
33 years$1,413$975$658$435$283$76
34 years$1,356$924$614$400$256$65
35 years$1,303$877$574$368$232$56
36 years$1,253$832$537$339$210$48
37 years$1,206$790$503$312$191$42
38 years$1,161$751$471$288$173$36
39 years$1,119$714$441$266$157$31
40 years$1,079$680$414$245$142$27
41 years$1,041$647$388$226$129$23
42 years$1,005$616$364$209$117$20
43 years$970$587$341$193$106$17
44 years$937$560$320$178$96$15
45 years$906$534$301$164$88$13
46 years$877$509$283$152$79$11
47 years$848$486$265$140$72$10
48 years$821$464$249$129$66$8
49 years$795$443$234$120$60$7
50 years$770$423$220$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $789,000, adding $6,925 every year, while hoping to spend $28,965 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: 42/28/30 Blend
44$789,000$789,000$789,000$789,000
45$876,621$834,804$822,575$905,497
46$935,218$844,891$819,312$937,098
47$998,821$854,501$814,970$968,077
48$1,067,910$863,581$809,481$1,001,086
49$1,143,013$872,073$802,775$1,036,331
50$1,224,711$879,916$794,779$1,074,039
51$1,313,644$887,043$785,416$1,114,465
52$1,410,514$893,387$774,606$1,157,887
53$1,516,095$898,872$762,264$1,204,617
54$1,631,240$903,420$748,303$1,254,998
55$1,756,885$906,946$732,629$1,309,410
56$1,894,063$909,361$715,148$1,368,276
57$2,043,909$910,572$695,757$1,432,063
58$2,207,674$910,476$674,351$1,501,285
59$2,386,734$908,967$650,819$1,576,516
60$2,582,605$905,931$625,046$1,658,388
61$2,796,957$901,247$596,911$1,747,599
62$3,031,627$894,789$566,288$1,844,925
63$3,288,639$886,419$533,045$1,951,221
64$3,570,221$875,995$497,043$2,067,434
65$3,878,828$863,363$458,138$2,194,610
66$4,217,163$848,362$416,180$2,333,906
67$4,588,203$830,821$371,011$2,486,602
68$4,995,227$810,559$322,468$2,654,111
69$5,441,847$787,383$270,377$2,837,994
70$5,932,041$761,090$214,560$3,039,979
71$6,470,191$731,466$154,830$3,261,972
72$7,061,125$698,282$90,991$3,506,080
73$7,710,159$661,297$22,839$3,774,630
74$8,423,152$620,258$0$4,070,193
75$9,206,557$574,894$0$4,411,579
76$10,067,483$524,921$0$4,794,791
77$11,013,762$470,038$0$5,216,047
78$12,054,023$409,927$0$5,679,247
79$13,197,771$344,251$0$6,188,692
80$14,455,480$272,655$0$6,749,123
81$15,838,688$194,765$0$7,365,771
82$17,360,109$110,183$0$8,044,402
83$19,033,751$18,492$0$8,791,377
84$20,875,045$0$0$9,613,708
85$22,900,997$0$0$10,544,007
86$25,130,342$0$0$11,574,089
87$27,583,723$0$0$12,707,809
88$30,283,887$0$0$13,955,694
89$33,255,897$0$0$15,329,340
90$36,527,368$0$0$16,841,529
91$40,128,729$0$0$18,506,342
92$44,093,509$0$0$20,339,295
93$48,458,653$0$0$22,357,487
94$53,264,872$0$0$24,579,757
95$58,557,024$0$0$27,026,866
96$64,384,538$0$0$29,721,689
97$70,801,881$0$0$32,689,433
98$77,869,072$0$0$35,957,876
99$85,652,246$0$0$39,557,624
100$94,224,281$0$0$43,522,406