Can I retire at age 45 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$65,320$64,738$64,171$63,616$63,075$62,261
2 years$32,337$31,734$31,151$30,585$30,036$29,217
3 years$21,344$20,739$20,157$19,596$19,056$18,258
4 years$15,848$15,245$14,669$14,118$13,591$12,819
5 years$12,552$11,952$11,384$10,844$10,332$9,589
6 years$10,355$9,760$9,200$8,672$8,175$7,462
7 years$8,786$8,196$7,645$7,130$6,648$5,966
8 years$7,610$7,026$6,484$5,981$5,516$4,863
9 years$6,696$6,117$5,584$5,094$4,645$4,022
10 years$5,965$5,392$4,868$4,391$3,958$3,364
11 years$5,368$4,800$4,286$3,822$3,404$2,839
12 years$4,870$4,308$3,804$3,352$2,950$2,413
13 years$4,449$3,894$3,398$2,960$2,572$2,062
14 years$4,089$3,539$3,054$2,627$2,255$1,772
15 years$3,777$3,233$2,757$2,343$1,985$1,528
16 years$3,504$2,966$2,500$2,098$1,755$1,322
17 years$3,264$2,732$2,275$1,885$1,556$1,148
18 years$3,051$2,524$2,076$1,699$1,383$998
19 years$2,860$2,340$1,901$1,535$1,233$870
20 years$2,688$2,174$1,744$1,390$1,101$760
21 years$2,533$2,025$1,605$1,262$986$665
22 years$2,393$1,890$1,479$1,147$883$582
23 years$2,265$1,768$1,365$1,045$793$511
24 years$2,147$1,656$1,263$953$713$448
25 years$2,039$1,554$1,170$870$641$394
26 years$1,940$1,461$1,085$796$578$346
27 years$1,848$1,375$1,007$728$521$305
28 years$1,763$1,296$936$667$470$268
29 years$1,684$1,222$871$612$424$236
30 years$1,610$1,154$812$562$383$208
31 years$1,541$1,091$757$516$347$184
32 years$1,477$1,032$706$474$314$162
33 years$1,417$978$659$436$284$143
34 years$1,360$927$616$401$257$126
35 years$1,307$879$576$369$233$111
36 years$1,256$834$539$340$211$98
37 years$1,209$792$504$313$191$87
38 years$1,164$753$472$289$173$77
39 years$1,122$716$442$266$157$68
40 years$1,081$681$415$246$143$60
41 years$1,043$649$389$227$129$53
42 years$1,007$618$365$209$117$47
43 years$973$588$342$193$106$41
44 years$940$561$321$178$97$36
45 years$909$535$302$165$88$32
46 years$879$510$283$152$80$28
47 years$850$487$266$140$72$25
48 years$823$465$250$130$66$22
49 years$797$444$235$120$60$20
50 years$772$424$221$111$54$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $791,000, adding $5,187 every year, while hoping to spend $57,106 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: 63/9/28 Blend
44$791,000$791,000$791,000$791,000
45$877,032$835,109$822,849$925,430
46$905,729$815,269$789,654$939,034
47$935,439$792,543$753,433$947,182
48$966,206$766,729$714,025$954,855
49$998,074$737,614$671,259$962,015
50$1,031,092$704,972$624,961$968,622
51$1,065,311$668,563$574,945$974,637
52$1,100,785$628,135$521,018$980,018
53$1,137,573$583,421$462,980$984,721
54$1,175,734$534,138$400,619$988,702
55$1,215,336$479,987$333,716$991,915
56$1,256,446$420,653$262,042$994,311
57$1,299,140$355,801$185,356$995,841
58$1,343,496$285,080$103,410$996,456
59$1,389,600$208,116$15,942$996,103
60$1,437,542$124,516$0$994,729
61$1,487,420$33,866$0$1,015,407
62$1,539,337$0$0$1,041,542
63$1,593,407$0$0$1,074,765
64$1,649,748$0$0$1,112,889
65$1,708,492$0$0$1,152,650
66$1,769,777$0$0$1,194,143
67$1,833,755$0$0$1,237,472
68$1,900,587$0$0$1,282,748
69$1,970,450$0$0$1,330,094
70$2,043,532$0$0$1,379,638
71$2,120,040$0$0$1,431,522
72$2,200,196$0$0$1,485,901
73$2,284,242$0$0$1,542,939
74$2,372,437$0$0$1,602,818
75$2,465,068$0$0$1,665,734
76$2,562,443$0$0$1,731,898
77$2,664,896$0$0$1,801,544
78$2,772,794$0$0$1,874,923
79$2,886,534$0$0$1,952,309
80$3,006,550$0$0$2,034,003
81$3,133,313$0$0$2,120,330
82$3,267,339$0$0$2,211,646
83$3,409,190$0$0$2,308,340
84$3,559,480$0$0$2,410,837
85$3,718,880$0$0$2,519,600
86$3,888,123$0$0$2,635,138
87$4,068,012$0$0$2,758,004
88$4,259,423$0$0$2,888,806
89$4,463,317$0$0$3,028,209
90$4,680,746$0$0$3,176,940
91$4,912,860$0$0$3,335,798
92$5,160,923$0$0$3,505,655
93$5,426,317$0$0$3,687,470
94$5,710,559$0$0$3,882,294
95$6,015,312$0$0$4,091,280
96$6,342,402$0$0$4,315,690
97$6,693,832$0$0$4,556,915
98$7,071,799$0$0$4,816,476
99$7,478,717$0$0$5,096,048
100$7,917,238$0$0$5,397,467