Can I retire at age 45 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$61,274$60,728$60,195$59,676$59,168$58,308
2 years$30,333$29,769$29,221$28,690$28,175$27,311
3 years$20,021$19,454$18,908$18,382$17,876$17,033
4 years$14,866$14,301$13,760$13,243$12,749$11,935
5 years$11,774$11,212$10,678$10,172$9,692$8,909
6 years$9,713$9,155$8,630$8,135$7,669$6,918
7 years$8,242$7,689$7,171$6,688$6,237$5,518
8 years$7,139$6,591$6,082$5,610$5,174$4,488
9 years$6,281$5,738$5,238$4,779$4,357$3,703
10 years$5,596$5,058$4,567$4,119$3,713$3,090
11 years$5,035$4,503$4,021$3,585$3,193$2,601
12 years$4,569$4,042$3,568$3,145$2,767$2,205
13 years$4,174$3,652$3,188$2,776$2,413$1,880
14 years$3,836$3,320$2,864$2,464$2,115$1,611
15 years$3,543$3,033$2,586$2,198$1,862$1,385
16 years$3,287$2,783$2,345$1,968$1,646$1,195
17 years$3,062$2,563$2,134$1,768$1,459$1,035
18 years$2,862$2,368$1,948$1,593$1,298$897
19 years$2,683$2,195$1,783$1,440$1,157$780
20 years$2,522$2,039$1,636$1,304$1,033$679
21 years$2,376$1,900$1,505$1,184$924$592
22 years$2,245$1,773$1,387$1,076$829$517
23 years$2,124$1,658$1,281$980$744$452
24 years$2,014$1,554$1,185$894$669$396
25 years$1,913$1,458$1,097$816$602$347
26 years$1,820$1,370$1,018$746$542$304
27 years$1,734$1,290$945$683$489$266
28 years$1,654$1,215$878$626$441$234
29 years$1,580$1,147$817$574$398$205
30 years$1,510$1,083$761$527$360$180
31 years$1,446$1,024$710$484$325$158
32 years$1,385$969$662$445$294$139
33 years$1,329$917$618$409$266$122
34 years$1,276$869$578$376$241$108
35 years$1,226$825$540$346$218$95
36 years$1,178$783$505$319$198$83
37 years$1,134$743$473$294$179$73
38 years$1,092$706$443$271$163$65
39 years$1,052$672$415$250$147$57
40 years$1,014$639$389$230$134$50
41 years$979$608$365$213$121$44
42 years$945$579$342$196$110$39
43 years$912$552$321$181$100$34
44 years$882$526$301$167$91$30
45 years$852$502$283$154$82$26
46 years$824$479$266$143$75$23
47 years$798$457$250$132$68$21
48 years$772$436$235$122$62$18
49 years$748$416$221$113$56$16
50 years$724$398$207$104$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $742,000, adding $3,262 every year, while hoping to spend $59,670 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: 58/23/19 Blend
44$742,000$742,000$742,000$742,000
45$821,049$781,723$770,222$864,374
46$841,307$756,539$732,536$868,980
47$861,632$728,121$691,587$867,227
48$881,968$696,248$647,204$863,978
49$902,249$660,685$599,207$859,099
50$922,405$621,184$547,406$852,448
51$942,352$577,484$491,606$843,871
52$961,999$529,308$431,602$833,201
53$981,240$476,362$367,178$820,260
54$999,960$418,336$298,112$804,854
55$1,018,026$354,905$224,168$786,773
56$1,035,291$285,721$145,104$765,794
57$1,051,589$210,421$60,664$741,672
58$1,066,737$128,617$0$714,145
59$1,080,529$39,904$0$688,898
60$1,092,735$0$0$673,166
61$1,103,098$0$0$668,577
62$1,111,333$0$0$672,691
63$1,117,124$0$0$675,207
64$1,120,117$0$0$675,898
65$1,119,921$0$0$674,511
66$1,116,099$0$0$670,768
67$1,108,169$0$0$664,357
68$1,095,594$0$0$654,936
69$1,077,780$0$0$642,122
70$1,054,068$0$0$625,493
71$1,023,727$0$0$604,581
72$985,949$0$0$578,868
73$939,838$0$0$547,780
74$884,403$0$0$510,681
75$818,549$0$0$466,870
76$741,061$0$0$415,569
77$650,598$0$0$355,919
78$545,678$0$0$286,971
79$424,661$0$0$207,674
80$285,734$0$0$116,870
81$126,896$0$0$13,275
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0