Can I retire at age 45 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$61,191$60,646$60,114$59,595$59,088$56,947
2 years$30,293$29,728$29,182$28,652$28,137$26,003
3 years$19,994$19,428$18,882$18,357$17,851$15,792
4 years$14,846$14,282$13,742$13,225$12,732$10,762
5 years$11,758$11,197$10,664$10,158$9,679$7,805
6 years$9,700$9,143$8,618$8,124$7,658$5,881
7 years$8,231$7,678$7,162$6,679$6,228$4,547
8 years$7,129$6,582$6,074$5,603$5,167$3,581
9 years$6,273$5,731$5,231$4,772$4,351$2,858
10 years$5,588$5,051$4,561$4,114$3,708$2,305
11 years$5,029$4,497$4,015$3,580$3,189$1,873
12 years$4,562$4,036$3,563$3,140$2,763$1,532
13 years$4,168$3,647$3,184$2,772$2,410$1,259
14 years$3,831$3,315$2,861$2,461$2,112$1,038
15 years$3,538$3,029$2,583$2,195$1,860$859
16 years$3,283$2,779$2,342$1,965$1,644$713
17 years$3,058$2,559$2,131$1,766$1,457$593
18 years$2,858$2,365$1,945$1,591$1,296$494
19 years$2,679$2,192$1,781$1,438$1,155$412
20 years$2,518$2,037$1,634$1,302$1,032$344
21 years$2,373$1,897$1,503$1,182$923$288
22 years$2,242$1,771$1,385$1,075$828$241
23 years$2,121$1,656$1,279$979$743$202
24 years$2,011$1,552$1,183$893$668$169
25 years$1,910$1,456$1,096$815$601$142
26 years$1,817$1,369$1,016$745$541$119
27 years$1,731$1,288$944$682$488$100
28 years$1,652$1,214$877$625$440$84
29 years$1,577$1,145$816$573$398$70
30 years$1,508$1,081$760$526$359$59
31 years$1,444$1,022$709$483$325$49
32 years$1,384$967$661$444$294$42
33 years$1,327$916$618$408$266$35
34 years$1,274$868$577$376$241$29
35 years$1,224$823$539$346$218$25
36 years$1,177$782$505$319$198$21
37 years$1,132$742$472$293$179$17
38 years$1,090$705$442$270$162$15
39 years$1,051$671$414$249$147$12
40 years$1,013$638$388$230$134$10
41 years$977$608$364$212$121$9
42 years$943$579$342$196$110$7
43 years$911$551$321$181$100$6
44 years$880$525$301$167$91$5
45 years$851$501$283$154$82$4
46 years$823$478$265$142$75$4
47 years$797$456$249$132$68$3
48 years$771$435$234$122$62$3
49 years$747$416$220$112$56$2
50 years$723$397$207$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $741,000, adding $3,814 every year, while hoping to spend $48,284 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: 60/18/22 Blend
44$741,000$741,000$741,000$741,000
45$820,516$781,243$769,758$864,755
46$852,835$768,150$744,171$882,115
47$886,832$752,798$716,108$895,439
48$922,628$735,023$685,437$908,906
49$960,352$714,656$652,016$922,539
50$1,000,149$691,515$615,699$936,363
51$1,042,173$665,408$576,334$950,411
52$1,086,594$636,132$533,760$964,720
53$1,133,596$603,472$487,811$979,335
54$1,183,382$567,202$438,311$994,306
55$1,236,172$527,080$385,080$1,009,692
56$1,292,208$482,853$327,926$1,025,562
57$1,351,752$434,251$266,651$1,041,994
58$1,415,094$380,993$201,046$1,059,079
59$1,482,548$322,776$130,896$1,076,919
60$1,554,461$259,285$55,974$1,095,632
61$1,631,211$190,185$0$1,115,352
62$1,713,213$115,122$0$1,141,858
63$1,800,920$33,724$0$1,184,082
64$1,894,833$0$0$1,229,125
65$1,995,496$0$0$1,288,046
66$2,103,509$0$0$1,358,476
67$2,219,531$0$0$1,434,170
68$2,344,283$0$0$1,515,604
69$2,478,558$0$0$1,603,302
70$2,623,227$0$0$1,697,839
71$2,779,246$0$0$1,799,844
72$2,947,664$0$0$1,910,012
73$3,129,637$0$0$2,029,104
74$3,326,432$0$0$2,157,958
75$3,539,443$0$0$2,297,495
76$3,770,204$0$0$2,448,726
77$4,020,400$0$0$2,612,765
78$4,291,882$0$0$2,790,836
79$4,586,690$0$0$2,984,284
80$4,907,066$0$0$3,194,590
81$5,255,474$0$0$3,423,384
82$5,634,628$0$0$3,672,457
83$6,047,514$0$0$3,943,782
84$6,497,415$0$0$4,239,530
85$6,987,948$0$0$4,562,089
86$7,523,091$0$0$4,914,088
87$8,107,223$0$0$5,298,420
88$8,745,166$0$0$5,718,272
89$9,442,225$0$0$6,177,151
90$10,204,243$0$0$6,678,916
91$11,037,652$0$0$7,227,821
92$11,949,536$0$0$7,828,544
93$12,947,692$0$0$8,486,242
94$14,040,708$0$0$9,206,589
95$15,238,041$0$0$9,995,836
96$16,550,105$0$0$10,860,866
97$17,988,369$0$0$11,809,262
98$19,565,467$0$0$12,849,372
99$21,295,310$0$0$13,990,394
100$23,193,223$0$0$15,242,458