Can I retire at age 45 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$61,109$60,564$60,033$59,515$59,009$57,234
2 years$30,252$29,688$29,142$28,613$28,099$26,327
3 years$19,967$19,402$18,857$18,333$17,827$16,112
4 years$14,826$14,262$13,723$13,208$12,715$11,070
5 years$11,743$11,182$10,650$10,145$9,665$8,095
6 years$9,687$9,131$8,607$8,113$7,648$6,154
7 years$8,220$7,668$7,152$6,670$6,220$4,802
8 years$7,120$6,573$6,066$5,595$5,160$3,818
9 years$6,265$5,723$5,224$4,766$4,345$3,077
10 years$5,581$5,044$4,555$4,108$3,703$2,506
11 years$5,022$4,491$4,010$3,575$3,184$2,058
12 years$4,556$4,031$3,559$3,136$2,759$1,701
13 years$4,163$3,643$3,179$2,769$2,406$1,413
14 years$3,826$3,311$2,857$2,458$2,109$1,179
15 years$3,534$3,025$2,579$2,192$1,857$987
16 years$3,278$2,775$2,338$1,963$1,641$828
17 years$3,054$2,556$2,128$1,763$1,455$697
18 years$2,854$2,362$1,942$1,589$1,294$588
19 years$2,675$2,189$1,778$1,436$1,153$496
20 years$2,515$2,034$1,632$1,301$1,030$420
21 years$2,370$1,894$1,501$1,180$922$355
22 years$2,238$1,768$1,383$1,073$826$301
23 years$2,119$1,654$1,277$977$742$255
24 years$2,009$1,550$1,181$891$667$217
25 years$1,908$1,454$1,094$814$600$184
26 years$1,815$1,367$1,015$744$540$156
27 years$1,729$1,286$942$681$487$133
28 years$1,649$1,212$876$624$440$113
29 years$1,575$1,143$815$572$397$96
30 years$1,506$1,080$759$525$359$82
31 years$1,442$1,021$708$483$324$69
32 years$1,382$966$661$443$293$59
33 years$1,325$915$617$408$266$50
34 years$1,272$867$576$375$240$43
35 years$1,222$822$539$345$218$36
36 years$1,175$780$504$318$197$31
37 years$1,131$741$472$293$179$26
38 years$1,089$704$442$270$162$22
39 years$1,049$670$414$249$147$19
40 years$1,012$637$388$230$133$16
41 years$976$607$364$212$121$14
42 years$942$578$341$196$110$12
43 years$910$551$320$181$100$10
44 years$879$525$301$167$90$9
45 years$850$500$282$154$82$7
46 years$822$477$265$142$75$6
47 years$796$456$249$131$68$5
48 years$770$435$234$121$61$5
49 years$746$415$220$112$56$4
50 years$722$397$207$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $740,000, adding $4,761 every year, while hoping to spend $41,765 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: 48/24/28 Blend
44$740,000$740,000$740,000$740,000
45$820,391$781,171$769,701$853,013
46$859,633$775,011$751,048$870,282
47$901,478$767,149$730,371$884,551
48$946,148$757,458$707,557$899,239
49$993,884$745,803$682,490$914,406
50$1,044,954$732,040$655,046$930,121
51$1,099,647$716,018$625,099$946,463
52$1,158,285$697,577$592,513$963,522
53$1,221,218$676,546$557,150$981,401
54$1,288,831$652,745$518,863$1,000,216
55$1,361,546$625,984$477,500$1,020,098
56$1,439,828$596,062$432,900$1,041,196
57$1,524,185$562,764$384,897$1,063,678
58$1,615,179$525,866$333,318$1,087,732
59$1,713,423$485,129$277,980$1,113,572
60$1,819,592$440,301$218,693$1,141,436
61$1,934,430$391,115$155,258$1,171,592
62$2,058,753$337,291$87,470$1,204,343
63$2,193,458$278,530$15,112$1,240,025
64$2,339,530$214,518$0$1,279,015
65$2,498,056$144,923$0$1,340,292
66$2,670,228$69,394$0$1,411,796
67$2,857,359$0$0$1,489,608
68$3,060,892$0$0$1,577,677
69$3,282,417$0$0$1,693,550
70$3,523,680$0$0$1,819,823
71$3,786,606$0$0$1,957,512
72$4,073,310$0$0$2,107,736
73$4,386,123$0$0$2,271,725
74$4,727,609$0$0$2,450,834
75$5,100,591$0$0$2,646,555
76$5,508,176$0$0$2,860,531
77$5,953,786$0$0$3,094,568
78$6,441,187$0$0$3,350,659
79$6,974,526$0$0$3,630,996
80$7,558,371$0$0$3,937,991
81$8,197,749$0$0$4,274,304
82$8,898,200$0$0$4,642,862
83$9,665,821$0$0$5,046,890
84$10,507,330$0$0$5,489,937
85$11,430,124$0$0$5,975,915
86$12,442,351$0$0$6,509,133
87$13,552,985$0$0$7,094,334
88$14,771,912$0$0$7,736,746
89$16,110,020$0$0$8,442,126
90$17,579,303$0$0$9,216,816
91$19,192,974$0$0$10,067,802
92$20,965,587$0$0$11,002,782
93$22,913,178$0$0$12,030,233
94$25,053,409$0$0$13,159,497
95$27,405,741$0$0$14,400,865
96$29,991,613$0$0$15,765,674
97$32,834,644$0$0$17,266,415
98$35,960,856$0$0$18,916,850
99$39,398,921$0$0$20,732,141
100$43,180,424$0$0$22,728,993