Can I retire at age 45 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$65,403$64,820$64,252$63,697$63,155$62,083
2 years$32,378$31,775$31,190$30,624$30,074$28,997
3 years$21,371$20,765$20,182$19,621$19,080$18,032
4 years$15,868$15,264$14,687$14,136$13,608$12,597
5 years$12,568$11,968$11,398$10,858$10,345$9,374
6 years$10,368$9,772$9,211$8,683$8,185$7,255
7 years$8,797$8,207$7,655$7,139$6,657$5,768
8 years$7,620$7,035$6,492$5,988$5,523$4,674
9 years$6,705$6,125$5,591$5,101$4,651$3,843
10 years$5,973$5,399$4,875$4,397$3,963$3,195
11 years$5,375$4,806$4,292$3,827$3,408$2,679
12 years$4,876$4,314$3,809$3,357$2,953$2,263
13 years$4,455$3,899$3,403$2,963$2,575$1,922
14 years$4,094$3,544$3,057$2,630$2,258$1,640
15 years$3,782$3,237$2,760$2,346$1,988$1,405
16 years$3,509$2,970$2,503$2,101$1,757$1,207
17 years$3,268$2,735$2,277$1,887$1,558$1,040
18 years$3,054$2,528$2,079$1,701$1,385$898
19 years$2,863$2,343$1,903$1,537$1,234$778
20 years$2,692$2,177$1,747$1,392$1,103$674
21 years$2,537$2,028$1,607$1,263$987$585
22 years$2,396$1,893$1,481$1,149$884$509
23 years$2,267$1,770$1,367$1,046$794$443
24 years$2,150$1,659$1,264$954$714$386
25 years$2,042$1,556$1,171$871$642$336
26 years$1,942$1,463$1,086$797$578$293
27 years$1,850$1,377$1,009$729$522$256
28 years$1,765$1,297$938$668$471$223
29 years$1,686$1,224$873$613$425$195
30 years$1,612$1,156$813$562$384$171
31 years$1,543$1,093$758$516$347$149
32 years$1,479$1,034$707$475$314$130
33 years$1,418$979$660$436$284$114
34 years$1,362$928$617$402$257$100
35 years$1,308$880$577$370$233$87
36 years$1,258$835$539$340$211$77
37 years$1,210$793$505$314$191$67
38 years$1,166$754$473$289$173$59
39 years$1,123$717$443$267$157$51
40 years$1,083$682$415$246$143$45
41 years$1,045$649$389$227$129$39
42 years$1,008$618$365$209$117$35
43 years$974$589$343$193$107$30
44 years$941$562$322$178$97$26
45 years$910$536$302$165$88$23
46 years$880$511$284$152$80$20
47 years$851$488$266$141$72$18
48 years$824$465$250$130$66$16
49 years$798$444$235$120$60$14
50 years$773$425$221$111$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $792,000, adding $5,389 every year, while hoping to spend $40,772 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: 75/6/19 Blend
44$792,000$792,000$792,000$792,000
45$878,343$836,367$824,091$939,937
46$924,553$833,968$808,317$979,080
47$974,109$830,084$790,648$1,016,442
48$1,027,311$824,601$770,977$1,056,327
49$1,084,486$817,396$749,194$1,098,975
50$1,145,993$808,337$725,181$1,144,654
51$1,212,226$797,288$698,817$1,193,656
52$1,283,620$784,102$669,974$1,246,306
53$1,360,649$768,623$638,518$1,302,961
54$1,443,838$750,688$604,311$1,364,017
55$1,533,761$730,123$567,207$1,429,908
56$1,631,050$706,744$527,053$1,501,116
57$1,736,398$680,356$483,691$1,578,170
58$1,850,570$650,753$436,954$1,661,658
59$1,974,405$617,716$386,668$1,752,224
60$2,108,826$581,016$332,653$1,850,581
61$2,254,848$540,408$274,720$1,957,518
62$2,413,589$495,634$212,669$2,073,901
63$2,586,276$446,422$146,295$2,200,689
64$2,774,263$392,483$75,382$2,338,939
65$2,979,036$333,513$0$2,489,817
66$3,202,233$269,190$0$2,654,670
67$3,445,655$199,175$0$2,851,171
68$3,711,285$123,107$0$3,065,636
69$4,001,305$40,609$0$3,299,847
70$4,318,119$0$0$3,555,763
71$4,664,372$0$0$3,838,760
72$5,042,975$0$0$4,151,161
73$5,457,135$0$0$4,492,933
74$5,910,382$0$0$4,866,994
75$6,406,604$0$0$5,276,556
76$6,950,081$0$0$5,725,158
77$7,545,528$0$0$6,216,694
78$8,198,137$0$0$6,755,455
79$8,913,625$0$0$7,346,166
80$9,698,291$0$0$7,994,032
81$10,559,070$0$0$8,704,786
82$11,503,602$0$0$9,484,739
83$12,540,303$0$0$10,340,849
84$13,678,442$0$0$11,280,774
85$14,928,231$0$0$12,312,954
86$16,300,918$0$0$13,446,685
87$17,808,894$0$0$14,692,208
88$19,465,811$0$0$16,060,803
89$21,286,705$0$0$17,564,901
90$23,288,146$0$0$19,218,191
91$25,488,384$0$0$21,035,761
92$27,907,530$0$0$23,034,227
93$30,567,737$0$0$25,231,901
94$33,493,415$0$0$27,648,955
95$36,711,457$0$0$30,307,617
96$40,251,493$0$0$33,232,373
97$44,146,170$0$0$36,450,206
98$48,431,459$0$0$39,990,844
99$53,146,992$0$0$43,887,042
100$58,336,438$0$0$48,174,893