Can I retire at age 45 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$65,816$65,229$64,657$64,099$63,554$61,992
2 years$32,582$31,975$31,387$30,817$30,264$28,700
3 years$21,506$20,896$20,309$19,745$19,201$17,684
4 years$15,968$15,361$14,780$14,225$13,694$12,236
5 years$12,647$12,043$11,470$10,926$10,410$9,014
6 years$10,433$9,834$9,269$8,738$8,237$6,905
7 years$8,853$8,259$7,703$7,184$6,699$5,431
8 years$7,668$7,079$6,533$6,026$5,557$4,353
9 years$6,747$6,164$5,627$5,133$4,680$3,539
10 years$6,011$5,433$4,905$4,425$3,988$2,908
11 years$5,409$4,837$4,319$3,851$3,430$2,409
12 years$4,907$4,341$3,833$3,378$2,972$2,009
13 years$4,483$3,923$3,424$2,982$2,592$1,685
14 years$4,120$3,566$3,077$2,647$2,272$1,419
15 years$3,806$3,258$2,778$2,361$2,000$1,200
16 years$3,531$2,989$2,519$2,114$1,768$1,018
17 years$3,289$2,753$2,292$1,899$1,568$865
18 years$3,074$2,544$2,092$1,712$1,394$737
19 years$2,882$2,357$1,915$1,547$1,242$629
20 years$2,709$2,191$1,758$1,401$1,110$537
21 years$2,553$2,040$1,617$1,271$993$460
22 years$2,411$1,905$1,490$1,156$890$394
23 years$2,282$1,781$1,376$1,053$799$338
24 years$2,163$1,669$1,272$960$718$290
25 years$2,055$1,566$1,178$877$646$249
26 years$1,955$1,472$1,093$802$582$214
27 years$1,862$1,385$1,015$734$525$184
28 years$1,776$1,305$944$672$474$158
29 years$1,697$1,232$878$617$428$136
30 years$1,622$1,163$818$566$386$117
31 years$1,553$1,099$762$520$349$101
32 years$1,488$1,040$711$478$316$87
33 years$1,427$985$664$439$286$75
34 years$1,370$934$621$404$259$64
35 years$1,316$886$580$372$234$55
36 years$1,266$841$543$343$212$48
37 years$1,218$798$508$316$193$41
38 years$1,173$759$476$291$175$35
39 years$1,130$721$446$268$158$30
40 years$1,090$686$418$247$144$26
41 years$1,051$653$392$228$130$23
42 years$1,015$622$367$211$118$20
43 years$980$593$345$194$107$17
44 years$947$565$324$180$97$14
45 years$915$539$304$166$88$12
46 years$885$514$285$153$80$11
47 years$857$491$268$142$73$9
48 years$829$468$252$131$66$8
49 years$803$447$237$121$60$7
50 years$778$427$223$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $797,000, adding $2,042 every year, while hoping to spend $34,119 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: 79/13/8 Blend
44$797,000$797,000$797,000$797,000
45$880,400$838,159$825,806$948,848
46$933,899$842,927$817,168$998,801
47$991,711$846,784$807,097$1,048,926
48$1,054,240$849,651$795,510$1,102,902
49$1,121,930$851,442$782,317$1,161,094
50$1,195,270$852,066$767,427$1,223,909
51$1,274,796$851,425$750,745$1,291,791
52$1,361,098$849,418$732,167$1,365,234
53$1,454,825$845,935$711,591$1,444,779
54$1,556,692$840,861$688,904$1,531,022
55$1,667,484$834,072$663,991$1,624,621
56$1,788,065$825,439$636,732$1,726,300
57$1,919,385$814,824$607,001$1,836,860
58$2,062,493$802,080$574,665$1,957,179
59$2,218,537$787,052$539,587$2,088,227
60$2,388,787$769,577$501,623$2,231,075
61$2,574,638$749,480$460,621$2,386,900
62$2,777,624$726,578$416,425$2,557,002
63$2,999,436$700,675$368,870$2,742,811
64$3,241,936$671,565$317,784$2,945,907
65$3,507,173$639,031$262,989$3,168,028
66$3,797,402$602,841$204,297$3,411,093
67$4,115,108$562,752$141,512$3,677,214
68$4,463,027$518,504$74,431$3,968,722
69$4,844,171$469,827$2,840$4,288,184
70$5,261,859$416,430$0$4,638,431
71$5,719,743$358,010$0$5,028,863
72$6,221,848$294,244$0$5,457,308
73$6,772,607$224,793$0$5,927,334
74$7,376,902$149,296$0$6,443,144
75$8,040,109$67,375$0$7,009,367
76$8,768,153$0$0$7,631,104
77$9,567,558$0$0$8,317,036
78$10,445,511$0$0$9,080,978
79$11,409,930$0$0$9,920,183
80$12,469,538$0$0$10,842,244
81$13,633,944$0$0$11,855,528
82$14,913,733$0$0$12,969,248
83$16,320,567$0$0$14,193,558
84$17,867,297$0$0$15,539,644
85$19,568,077$0$0$17,019,828
86$21,438,503$0$0$18,647,688
87$23,495,759$0$0$20,438,182
88$25,758,777$0$0$22,407,792
89$28,248,416$0$0$24,574,678
90$30,987,659$0$0$26,958,846
91$34,001,828$0$0$29,582,342
92$37,318,826$0$0$32,469,457
93$40,969,395$0$0$35,646,953
94$44,987,410$0$0$39,144,320
95$49,410,195$0$0$42,994,052
96$54,278,877$0$0$47,231,953
97$59,638,773$0$0$51,897,474
98$65,539,817$0$0$57,034,086
99$72,037,032$0$0$62,689,688
100$79,191,045$0$0$68,917,063