Can I retire at age 45 with 742,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18%
1 years$61,274$60,728$60,195$59,676$59,168$57,251
2 years$30,333$29,769$29,221$28,690$28,175$26,262
3 years$20,021$19,454$18,908$18,382$17,876$16,026
4 years$14,866$14,301$13,760$13,243$12,749$10,977
5 years$11,774$11,212$10,678$10,172$9,692$8,002
6 years$9,713$9,155$8,630$8,135$7,669$6,063
7 years$8,242$7,689$7,171$6,688$6,237$4,715
8 years$7,139$6,591$6,082$5,610$5,174$3,735
9 years$6,281$5,738$5,238$4,779$4,357$3,000
10 years$5,596$5,058$4,567$4,119$3,713$2,434
11 years$5,035$4,503$4,021$3,585$3,193$1,991
12 years$4,569$4,042$3,568$3,145$2,767$1,639
13 years$4,174$3,652$3,188$2,776$2,413$1,356
14 years$3,836$3,320$2,864$2,464$2,115$1,127
15 years$3,543$3,033$2,586$2,198$1,862$939
16 years$3,287$2,783$2,345$1,968$1,646$785
17 years$3,062$2,563$2,134$1,768$1,459$658
18 years$2,862$2,368$1,948$1,593$1,298$552
19 years$2,683$2,195$1,783$1,440$1,157$464
20 years$2,522$2,039$1,636$1,304$1,033$390
21 years$2,376$1,900$1,505$1,184$924$329
22 years$2,245$1,773$1,387$1,076$829$277
23 years$2,124$1,658$1,281$980$744$234
24 years$2,014$1,554$1,185$894$669$198
25 years$1,913$1,458$1,097$816$602$167
26 years$1,820$1,370$1,018$746$542$141
27 years$1,734$1,290$945$683$489$119
28 years$1,654$1,215$878$626$441$101
29 years$1,580$1,147$817$574$398$86
30 years$1,510$1,083$761$527$360$72
31 years$1,446$1,024$710$484$325$61
32 years$1,385$969$662$445$294$52
33 years$1,329$917$618$409$266$44
34 years$1,276$869$578$376$241$37
35 years$1,226$825$540$346$218$32
36 years$1,178$783$505$319$198$27
37 years$1,134$743$473$294$179$23
38 years$1,092$706$443$271$163$19
39 years$1,052$672$415$250$147$16
40 years$1,014$639$389$230$134$14
41 years$979$608$365$213$121$12
42 years$945$579$342$196$110$10
43 years$912$552$321$181$100$8
44 years$882$526$301$167$91$7
45 years$852$502$283$154$82$6
46 years$824$479$266$143$75$5
47 years$798$457$250$132$68$4
48 years$772$436$235$122$62$4
49 years$748$416$221$113$56$3
50 years$724$398$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 $742,000, adding $2,050 every year, while hoping to spend $20,123 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: 59/24/17 Blend
44$742,000$742,000$742,000$742,000
45$819,799$780,473$768,972$864,449
46$882,007$797,305$773,321$911,724
47$949,887$814,288$777,143$960,857
48$1,023,995$831,407$780,396$1,013,976
49$1,104,944$848,648$783,041$1,071,468
50$1,193,409$865,993$785,034$1,133,761
51$1,290,135$883,424$786,331$1,201,326
52$1,395,939$900,922$786,883$1,274,681
53$1,511,722$918,465$786,641$1,354,399
54$1,638,478$936,030$785,554$1,441,109
55$1,777,298$953,591$783,565$1,535,506
56$1,929,387$971,121$780,619$1,638,356
57$2,096,069$988,590$776,654$1,750,502
58$2,278,803$1,005,967$771,607$1,872,874
59$2,479,198$1,023,216$765,413$2,006,497
60$2,699,024$1,040,302$758,003$2,152,501
61$2,940,231$1,057,183$749,302$2,312,132
62$3,204,968$1,073,818$739,237$2,486,761
63$3,495,599$1,090,160$727,726$2,677,902
64$3,814,733$1,106,160$714,687$2,887,222
65$4,165,239$1,121,766$700,033$3,116,560
66$4,550,281$1,136,920$683,672$3,367,942
67$4,973,344$1,151,563$665,508$3,643,601
68$5,438,265$1,165,630$645,443$3,946,000
69$5,949,274$1,179,051$623,371$4,277,852
70$6,511,029$1,191,754$599,184$4,642,150
71$7,128,664$1,203,660$572,766$5,042,190
72$7,807,833$1,214,684$543,999$5,481,607
73$8,554,767$1,224,739$512,758$5,964,408
74$9,376,330$1,233,727$478,912$6,495,009
75$10,280,085$1,241,549$442,325$7,078,278
76$11,274,365$1,248,097$402,854$7,719,582
77$12,368,351$1,253,255$360,351$8,424,834
78$13,572,161$1,256,902$314,660$9,200,554
79$14,896,939$1,258,908$265,619$10,053,928
80$16,354,968$1,259,135$213,058$10,992,878
81$17,959,780$1,257,438$156,801$12,026,133
82$19,726,285$1,253,661$96,662$13,163,318
83$21,670,915$1,247,639$32,448$14,415,038
84$23,811,772$1,239,196$0$15,792,987
85$26,168,804$1,228,149$0$17,316,594
86$28,763,994$1,214,300$0$19,000,226
87$31,621,560$1,197,440$0$20,853,685
88$34,768,193$1,177,348$0$22,894,269
89$38,233,302$1,153,791$0$25,141,040
90$42,049,292$1,126,520$0$27,615,004
91$46,251,874$1,095,273$0$30,339,312
92$50,880,395$1,059,772$0$33,339,480
93$55,978,218$1,019,723$0$36,643,624
94$61,593,120$974,814$0$40,282,731
95$67,777,754$924,716$0$44,290,950
96$74,590,138$869,080$0$48,705,917
97$82,094,206$807,538$0$53,569,106
98$90,360,408$739,701$0$58,926,225
99$99,466,380$665,156$0$64,827,646
100$109,497,671$583,469$0$71,328,883