Can I retire at age 45 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$65,898$65,311$64,738$64,179$63,634$61,745
2 years$32,623$32,015$31,426$30,856$30,302$28,415
3 years$21,533$20,922$20,335$19,769$19,225$17,398
4 years$15,988$15,380$14,799$14,243$13,711$11,959
5 years$12,663$12,058$11,484$10,940$10,423$8,751
6 years$10,447$9,846$9,281$8,749$8,247$6,656
7 years$8,864$8,269$7,713$7,193$6,707$5,197
8 years$7,678$7,088$6,541$6,034$5,564$4,134
9 years$6,756$6,171$5,634$5,139$4,686$3,334
10 years$6,018$5,440$4,912$4,430$3,993$2,717
11 years$5,415$4,843$4,324$3,856$3,434$2,233
12 years$4,913$4,347$3,838$3,382$2,976$1,846
13 years$4,489$3,928$3,429$2,986$2,595$1,535
14 years$4,125$3,570$3,081$2,650$2,275$1,281
15 years$3,811$3,262$2,781$2,364$2,003$1,073
16 years$3,535$2,993$2,522$2,116$1,770$902
17 years$3,293$2,756$2,295$1,902$1,569$759
18 years$3,078$2,547$2,095$1,714$1,395$641
19 years$2,885$2,360$1,918$1,548$1,244$541
20 years$2,712$2,193$1,760$1,402$1,111$458
21 years$2,556$2,043$1,619$1,273$994$388
22 years$2,414$1,907$1,492$1,157$891$329
23 years$2,285$1,784$1,378$1,054$800$279
24 years$2,166$1,671$1,274$961$719$237
25 years$2,057$1,568$1,180$878$647$202
26 years$1,957$1,474$1,094$803$583$171
27 years$1,864$1,387$1,016$735$525$146
28 years$1,779$1,307$945$673$474$124
29 years$1,699$1,233$879$617$428$106
30 years$1,624$1,165$819$567$387$90
31 years$1,555$1,101$763$520$350$76
32 years$1,490$1,042$712$478$316$65
33 years$1,429$986$665$440$286$55
34 years$1,372$935$621$405$259$47
35 years$1,318$887$581$372$235$40
36 years$1,267$842$543$343$213$34
37 years$1,220$799$509$316$193$29
38 years$1,174$760$476$291$175$25
39 years$1,132$722$446$269$159$21
40 years$1,091$687$418$248$144$18
41 years$1,053$654$392$229$130$15
42 years$1,016$623$368$211$118$13
43 years$981$594$345$195$107$11
44 years$948$566$324$180$98$10
45 years$917$540$304$166$89$8
46 years$887$515$286$153$80$7
47 years$858$491$269$142$73$6
48 years$830$469$252$131$66$5
49 years$804$448$237$121$60$4
50 years$779$428$223$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $798,000, adding $4,104 every year, while hoping to spend $32,507 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: 41/38/21 Blend
44$798,000$798,000$798,000$798,000
45$883,629$841,335$828,966$914,244
46$939,172$847,974$822,149$943,125
47$999,291$853,848$814,015$970,937
48$1,064,418$858,886$804,484$1,000,379
49$1,135,029$863,011$793,474$1,031,615
50$1,211,647$866,143$780,900$1,064,833
51$1,294,846$868,195$766,671$1,100,237
52$1,385,259$869,076$750,694$1,138,057
53$1,483,582$868,687$732,869$1,178,546
54$1,590,580$866,926$713,093$1,221,987
55$1,707,096$863,682$691,258$1,268,693
56$1,834,056$858,839$667,251$1,319,013
57$1,972,481$852,272$640,955$1,373,331
58$2,123,492$843,852$612,245$1,432,077
59$2,288,326$833,438$580,993$1,495,725
60$2,468,342$820,883$547,063$1,564,801
61$2,665,038$806,032$510,315$1,639,890
62$2,880,062$788,718$470,601$1,721,638
63$3,115,229$768,766$427,766$1,810,762
64$3,372,537$745,990$381,651$1,908,056
65$3,654,187$720,194$332,088$2,014,400
66$3,962,601$691,171$278,899$2,130,767
67$4,300,447$658,699$221,903$2,258,235
68$4,670,664$622,546$160,908$2,397,999
69$5,076,487$582,467$95,715$2,551,377
70$5,521,481$538,200$26,113$2,719,833
71$6,009,571$489,471$0$2,904,983
72$6,545,081$435,988$0$3,119,406
73$7,132,772$377,445$0$3,361,235
74$7,777,891$313,515$0$3,626,853
75$8,486,215$243,857$0$3,918,732
76$9,264,110$168,108$0$4,239,605
77$10,118,589$85,884$0$4,592,486
78$11,057,374$0$0$4,980,704
79$12,088,976$0$0$5,409,279
80$13,222,770$0$0$5,919,888
81$14,469,084$0$0$6,481,283
82$15,839,295$0$0$7,098,603
83$17,345,941$0$0$7,777,512
84$19,002,832$0$0$8,524,247
85$20,825,186$0$0$9,345,682
86$22,829,768$0$0$10,249,390
87$25,035,050$0$0$11,243,716
88$27,461,385$0$0$12,337,853
89$30,131,199$0$0$13,541,931
90$33,069,199$0$0$14,867,111
91$36,302,610$0$0$16,325,694
92$39,861,431$0$0$17,931,229
93$43,778,714$0$0$19,698,648
94$48,090,879$0$0$21,644,405
95$52,838,057$0$0$23,786,629
96$58,064,468$0$0$26,145,296
97$63,818,836$0$0$28,742,418
98$70,154,851$0$0$31,602,252
99$77,131,674$0$0$34,751,524
100$84,814,495$0$0$38,219,686