Can I retire at age 45 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$65,568$64,984$64,414$63,858$63,315$61,166
2 years$32,459$31,855$31,269$30,701$30,150$28,006
3 years$21,425$20,817$20,233$19,670$19,128$17,057
4 years$15,908$15,303$14,724$14,171$13,642$11,660
5 years$12,599$11,998$11,427$10,885$10,371$8,482
6 years$10,394$9,797$9,235$8,705$8,206$6,413
7 years$8,820$8,228$7,674$7,157$6,674$4,976
8 years$7,639$7,053$6,508$6,004$5,536$3,932
9 years$6,722$6,141$5,605$5,114$4,663$3,150
10 years$5,988$5,413$4,887$4,408$3,973$2,550
11 years$5,388$4,818$4,302$3,836$3,417$2,080
12 years$4,889$4,325$3,818$3,365$2,961$1,708
13 years$4,466$3,908$3,411$2,971$2,582$1,409
14 years$4,105$3,553$3,065$2,637$2,263$1,168
15 years$3,791$3,245$2,767$2,352$1,993$970
16 years$3,518$2,978$2,509$2,106$1,761$809
17 years$3,276$2,742$2,283$1,892$1,562$676
18 years$3,062$2,534$2,084$1,705$1,389$565
19 years$2,871$2,348$1,908$1,541$1,238$474
20 years$2,699$2,182$1,751$1,395$1,105$398
21 years$2,543$2,033$1,611$1,266$989$334
22 years$2,402$1,897$1,484$1,151$887$281
23 years$2,273$1,775$1,371$1,049$796$236
24 years$2,155$1,663$1,268$956$715$199
25 years$2,047$1,560$1,174$873$644$167
26 years$1,947$1,467$1,089$799$580$141
27 years$1,855$1,380$1,011$731$523$119
28 years$1,770$1,301$940$670$472$100
29 years$1,690$1,227$875$614$426$85
30 years$1,616$1,159$815$564$385$71
31 years$1,547$1,095$760$518$348$60
32 years$1,483$1,036$709$476$315$51
33 years$1,422$981$662$438$285$43
34 years$1,365$930$618$403$258$36
35 years$1,312$882$578$371$234$31
36 years$1,261$837$541$341$212$26
37 years$1,213$795$506$314$192$22
38 years$1,168$756$474$290$174$18
39 years$1,126$719$444$267$158$16
40 years$1,086$684$416$247$143$13
41 years$1,047$651$390$227$130$11
42 years$1,011$620$366$210$118$9
43 years$976$591$344$194$107$8
44 years$943$563$322$179$97$7
45 years$912$537$303$165$88$6
46 years$882$512$284$153$80$5
47 years$854$489$267$141$73$4
48 years$826$467$251$130$66$3
49 years$800$446$236$120$60$3
50 years$775$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $794,000, adding $3,758 every year, while hoping to spend $20,242 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: 66/23/11 Blend
44$794,000$794,000$794,000$794,000
45$878,864$836,782$824,475$934,518
46$946,971$856,247$830,558$991,532
47$1,021,347$875,988$836,166$1,051,083
48$1,102,608$895,996$841,262$1,115,650
49$1,191,437$916,262$845,807$1,185,723
50$1,288,582$936,777$849,759$1,261,838
51$1,394,867$957,529$853,076$1,344,589
52$1,511,201$978,506$855,712$1,434,627
53$1,638,584$999,693$857,619$1,532,671
54$1,778,117$1,021,076$858,747$1,639,513
55$1,931,014$1,042,636$859,043$1,756,025
56$2,098,608$1,064,357$858,452$1,883,167
57$2,282,373$1,086,217$856,917$2,021,998
58$2,483,927$1,108,193$854,376$2,173,684
59$2,705,055$1,130,262$850,765$2,339,510
60$2,947,723$1,152,398$846,018$2,520,892
61$3,214,095$1,174,570$840,064$2,719,389
62$3,506,558$1,196,749$832,831$2,936,720
63$3,827,737$1,218,900$824,242$3,174,780
64$4,180,527$1,240,987$814,215$3,435,655
65$4,568,117$1,262,971$802,666$3,721,645
66$4,994,017$1,284,809$789,508$4,035,284
67$5,462,097$1,306,455$774,647$4,379,366
68$5,976,621$1,327,861$757,988$4,756,967
69$6,542,284$1,348,974$739,428$5,171,479
70$7,164,260$1,369,737$718,861$5,626,640
71$7,848,249$1,390,088$696,178$6,126,568
72$8,600,532$1,409,964$671,262$6,675,802
73$9,428,029$1,429,295$643,991$7,279,346
74$10,338,362$1,448,005$614,240$7,942,711
75$11,339,933$1,466,016$581,875$8,671,972
76$12,441,997$1,483,241$546,758$9,473,826
77$13,654,751$1,499,590$508,745$10,355,651
78$14,989,431$1,514,965$467,683$11,325,578
79$16,458,419$1,529,264$423,416$12,392,570
80$18,075,355$1,542,376$375,779$13,566,503
81$19,855,272$1,554,183$324,597$14,858,262
82$21,814,731$1,564,559$269,693$16,279,843
83$23,971,983$1,573,372$210,877$17,844,466
84$26,347,137$1,580,479$147,953$19,566,700
85$28,962,353$1,585,730$80,717$21,462,604
86$31,842,046$1,588,964$8,955$23,549,871
87$35,013,123$1,590,011$0$25,848,006
88$38,505,229$1,588,690$0$28,386,438
89$42,351,035$1,584,808$0$31,182,555
90$46,586,539$1,578,162$0$34,261,437
91$51,251,408$1,568,534$0$37,651,883
92$56,389,355$1,555,696$0$41,385,631
93$62,048,547$1,539,403$0$45,497,655
94$68,282,062$1,519,397$0$50,026,497
95$75,148,390$1,495,404$0$55,014,631
96$82,711,982$1,467,135$0$60,508,865
97$91,043,861$1,434,282$0$66,560,781
98$100,222,293$1,396,520$0$73,227,223
99$110,333,522$1,353,505$0$80,570,837
100$121,472,586$1,304,871$0$88,660,657