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%15%
1 years$61,191$60,646$60,114$59,595$59,088$57,872
2 years$30,293$29,728$29,182$28,652$28,137$26,917
3 years$19,994$19,428$18,882$18,357$17,851$16,666
4 years$14,846$14,282$13,742$13,225$12,732$11,590
5 years$11,758$11,197$10,664$10,158$9,679$8,583
6 years$9,700$9,143$8,618$8,124$7,658$6,611
7 years$8,231$7,678$7,162$6,679$6,228$5,229
8 years$7,129$6,582$6,074$5,603$5,167$4,216
9 years$6,273$5,731$5,231$4,772$4,351$3,448
10 years$5,588$5,051$4,561$4,114$3,708$2,850
11 years$5,029$4,497$4,015$3,580$3,189$2,377
12 years$4,562$4,036$3,563$3,140$2,763$1,995
13 years$4,168$3,647$3,184$2,772$2,410$1,685
14 years$3,831$3,315$2,861$2,461$2,112$1,429
15 years$3,538$3,029$2,583$2,195$1,860$1,216
16 years$3,283$2,779$2,342$1,965$1,644$1,039
17 years$3,058$2,559$2,131$1,766$1,457$889
18 years$2,858$2,365$1,945$1,591$1,296$763
19 years$2,679$2,192$1,781$1,438$1,155$656
20 years$2,518$2,037$1,634$1,302$1,032$565
21 years$2,373$1,897$1,503$1,182$923$487
22 years$2,242$1,771$1,385$1,075$828$420
23 years$2,121$1,656$1,279$979$743$363
24 years$2,011$1,552$1,183$893$668$314
25 years$1,910$1,456$1,096$815$601$272
26 years$1,817$1,369$1,016$745$541$236
27 years$1,731$1,288$944$682$488$204
28 years$1,652$1,214$877$625$440$177
29 years$1,577$1,145$816$573$398$153
30 years$1,508$1,081$760$526$359$133
31 years$1,444$1,022$709$483$325$116
32 years$1,384$967$661$444$294$100
33 years$1,327$916$618$408$266$87
34 years$1,274$868$577$376$241$76
35 years$1,224$823$539$346$218$66
36 years$1,177$782$505$319$198$57
37 years$1,132$742$472$293$179$50
38 years$1,090$705$442$270$162$43
39 years$1,051$671$414$249$147$37
40 years$1,013$638$388$230$134$33
41 years$977$608$364$212$121$28
42 years$943$579$342$196$110$25
43 years$911$551$321$181$100$21
44 years$880$525$301$167$91$19
45 years$851$501$283$154$82$16
46 years$823$478$265$142$75$14
47 years$797$456$249$132$68$12
48 years$771$435$234$122$62$11
49 years$747$416$220$112$56$9
50 years$723$397$207$104$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $741,000, adding $4,497 every year, while hoping to spend $53,985 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: 52/37/11 Blend
44$741,000$741,000$741,000$741,000
45$821,221$781,948$770,462$861,332
46$847,546$762,823$738,833$870,046
47$874,746$740,953$704,335$873,358
48$902,855$716,144$666,815$875,711
49$931,906$688,195$626,113$877,027
50$961,934$656,890$582,061$877,225
51$992,977$622,003$534,486$876,217
52$1,025,073$583,294$483,204$873,914
53$1,058,264$540,509$428,024$870,217
54$1,092,592$493,379$368,748$865,025
55$1,128,102$441,621$305,167$858,231
56$1,164,843$384,934$237,065$849,720
57$1,202,864$323,003$164,214$839,373
58$1,242,218$255,493$86,377$827,063
59$1,282,962$182,049$3,308$812,658
60$1,325,153$102,298$0$796,016
61$1,368,855$15,847$0$787,007
62$1,414,133$0$0$776,525
63$1,461,057$0$0$795,694
64$1,509,703$0$0$822,261
65$1,560,148$0$0$849,818
66$1,612,477$0$0$878,412
67$1,666,779$0$0$908,092
68$1,723,149$0$0$938,913
69$1,781,690$0$0$970,931
70$1,842,509$0$0$1,004,206
71$1,905,723$0$0$1,038,804
72$1,971,457$0$0$1,074,795
73$2,039,842$0$0$1,112,252
74$2,111,023$0$0$1,151,257
75$2,185,152$0$0$1,191,895
76$2,262,395$0$0$1,234,259
77$2,342,929$0$0$1,278,450
78$2,426,945$0$0$1,324,574
79$2,514,650$0$0$1,372,748
80$2,606,265$0$0$1,423,097
81$2,702,031$0$0$1,475,758
82$2,802,208$0$0$1,530,876
83$2,907,077$0$0$1,588,611
84$3,016,943$0$0$1,649,134
85$3,132,135$0$0$1,712,634
86$3,253,012$0$0$1,779,312
87$3,379,963$0$0$1,849,388
88$3,513,409$0$0$1,923,103
89$3,653,811$0$0$2,000,717
90$3,801,668$0$0$2,082,514
91$3,957,524$0$0$2,168,802
92$4,121,973$0$0$2,259,918
93$4,295,659$0$0$2,356,230
94$4,479,289$0$0$2,458,139
95$4,673,631$0$0$2,566,081
96$4,879,526$0$0$2,680,536
97$5,097,892$0$0$2,802,026
98$5,329,731$0$0$2,931,123
99$5,576,142$0$0$3,068,451
100$5,838,324$0$0$3,214,694