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%12.1%
1 years$61,274$60,728$60,195$59,676$59,168$58,648
2 years$30,333$29,769$29,221$28,690$28,175$27,651
3 years$20,021$19,454$18,908$18,382$17,876$17,364
4 years$14,866$14,301$13,760$13,243$12,749$12,253
5 years$11,774$11,212$10,678$10,172$9,692$9,213
6 years$9,713$9,155$8,630$8,135$7,669$7,209
7 years$8,242$7,689$7,171$6,688$6,237$5,795
8 years$7,139$6,591$6,082$5,610$5,174$4,751
9 years$6,281$5,738$5,238$4,779$4,357$3,952
10 years$5,596$5,058$4,567$4,119$3,713$3,326
11 years$5,035$4,503$4,021$3,585$3,193$2,824
12 years$4,569$4,042$3,568$3,145$2,767$2,415
13 years$4,174$3,652$3,188$2,776$2,413$2,078
14 years$3,836$3,320$2,864$2,464$2,115$1,797
15 years$3,543$3,033$2,586$2,198$1,862$1,561
16 years$3,287$2,783$2,345$1,968$1,646$1,360
17 years$3,062$2,563$2,134$1,768$1,459$1,188
18 years$2,862$2,368$1,948$1,593$1,298$1,041
19 years$2,683$2,195$1,783$1,440$1,157$914
20 years$2,522$2,039$1,636$1,304$1,033$805
21 years$2,376$1,900$1,505$1,184$924$709
22 years$2,245$1,773$1,387$1,076$829$626
23 years$2,124$1,658$1,281$980$744$553
24 years$2,014$1,554$1,185$894$669$489
25 years$1,913$1,458$1,097$816$602$433
26 years$1,820$1,370$1,018$746$542$384
27 years$1,734$1,290$945$683$489$340
28 years$1,654$1,215$878$626$441$302
29 years$1,580$1,147$817$574$398$268
30 years$1,510$1,083$761$527$360$238
31 years$1,446$1,024$710$484$325$212
32 years$1,385$969$662$445$294$188
33 years$1,329$917$618$409$266$168
34 years$1,276$869$578$376$241$149
35 years$1,226$825$540$346$218$133
36 years$1,178$783$505$319$198$118
37 years$1,134$743$473$294$179$105
38 years$1,092$706$443$271$163$94
39 years$1,052$672$415$250$147$83
40 years$1,014$639$389$230$134$74
41 years$979$608$365$213$121$66
42 years$945$579$342$196$110$59
43 years$912$552$321$181$100$53
44 years$882$526$301$167$91$47
45 years$852$502$283$154$82$42
46 years$824$479$266$143$75$37
47 years$798$457$250$132$68$33
48 years$772$436$235$122$62$30
49 years$748$416$221$113$56$26
50 years$724$398$207$104$51$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $742,000, adding $5,254 every year, while hoping to spend $21,018 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: 82/5/13 Blend
44$742,000$742,000$742,000$742,000
45$823,104$783,778$772,277$888,167
46$884,697$799,820$775,785$947,651
47$951,869$815,943$778,706$1,009,652
48$1,025,165$832,131$780,999$1,077,109
49$1,105,189$848,361$782,619$1,150,558
50$1,192,601$864,614$783,520$1,230,591
51$1,288,132$880,866$783,653$1,317,859
52$1,392,585$897,092$782,969$1,413,080
53$1,506,843$913,264$781,413$1,517,045
54$1,631,881$929,354$778,930$1,630,623
55$1,768,770$945,329$775,461$1,754,774
56$1,918,690$961,155$770,944$1,890,556
57$2,082,941$976,797$765,316$2,039,131
58$2,262,955$992,214$758,508$2,201,782
59$2,460,308$1,007,364$750,450$2,379,923
60$2,676,737$1,022,203$741,068$2,575,110
61$2,914,155$1,036,681$730,284$2,789,059
62$3,174,667$1,050,747$718,017$3,023,659
63$3,460,595$1,064,345$704,182$3,280,994
64$3,774,494$1,077,416$688,690$3,563,358
65$4,119,179$1,089,897$671,448$3,873,278
66$4,497,752$1,101,719$652,359$4,213,543
67$4,913,630$1,112,810$631,320$4,587,220
68$5,370,577$1,123,094$608,226$4,997,694
69$5,872,738$1,132,488$582,964$5,448,692
70$6,424,682$1,140,905$555,418$5,944,321
71$7,031,442$1,148,251$525,466$6,489,109
72$7,698,561$1,154,428$492,982$7,088,042
73$8,432,149$1,159,330$457,832$7,746,619
74$9,238,936$1,162,844$419,876$8,470,895
75$10,126,335$1,164,852$378,971$9,267,547
76$11,102,519$1,165,227$334,963$10,143,928
77$12,176,486$1,163,834$287,695$11,108,146
78$13,358,156$1,160,530$237,001$12,169,133
79$14,658,456$1,155,164$182,709$13,336,732
80$16,089,426$1,147,574$124,637$14,621,791
81$17,664,333$1,137,591$62,598$16,036,264
82$19,397,795$1,125,033$0$17,593,324
83$21,305,918$1,109,707$0$19,307,990
84$23,406,451$1,091,412$0$21,205,059
85$25,718,949$1,069,931$0$23,293,497
86$28,264,960$1,045,037$0$25,592,766
87$31,068,229$1,016,486$0$28,124,307
88$34,154,919$984,025$0$30,911,751
89$37,553,860$947,382$0$33,981,134
90$41,296,820$906,269$0$37,361,149
91$45,418,805$860,385$0$41,083,411
92$49,958,388$809,409$0$45,182,761
93$54,958,074$753,001$0$49,697,591
94$60,464,702$690,803$0$54,670,205
95$66,529,885$622,435$0$60,147,224
96$73,210,497$547,498$0$66,180,020
97$80,569,210$465,567$0$72,825,204
98$88,675,085$376,196$0$80,145,160
99$97,604,226$278,913$0$88,208,631
100$107,440,495$173,217$0$97,091,373