Can I retire at age 45 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$61,356$60,810$60,277$59,756$59,248$58,801
2 years$30,374$29,809$29,260$28,729$28,213$27,762
3 years$20,048$19,480$18,933$18,407$17,900$17,459
4 years$14,886$14,320$13,779$13,261$12,766$12,339
5 years$11,790$11,227$10,693$10,186$9,705$9,293
6 years$9,727$9,168$8,641$8,146$7,679$7,282
7 years$8,253$7,699$7,181$6,697$6,245$5,864
8 years$7,149$6,600$6,090$5,618$5,181$4,816
9 years$6,290$5,746$5,245$4,785$4,363$4,013
10 years$5,603$5,065$4,573$4,125$3,718$3,383
11 years$5,042$4,509$4,026$3,590$3,197$2,878
12 years$4,575$4,047$3,573$3,149$2,771$2,466
13 years$4,179$3,657$3,192$2,780$2,416$2,126
14 years$3,841$3,324$2,868$2,468$2,118$1,842
15 years$3,548$3,037$2,590$2,201$1,865$1,603
16 years$3,292$2,786$2,348$1,971$1,648$1,400
17 years$3,066$2,566$2,136$1,771$1,461$1,226
18 years$2,865$2,371$1,950$1,596$1,299$1,076
19 years$2,686$2,198$1,785$1,442$1,158$947
20 years$2,525$2,042$1,639$1,306$1,034$835
21 years$2,380$1,902$1,507$1,185$926$738
22 years$2,248$1,776$1,389$1,078$830$652
23 years$2,127$1,661$1,283$981$745$578
24 years$2,017$1,556$1,186$895$669$512
25 years$1,916$1,460$1,099$817$602$455
26 years$1,822$1,372$1,019$747$543$404
27 years$1,736$1,292$946$684$489$359
28 years$1,656$1,217$880$627$441$319
29 years$1,582$1,148$819$575$399$284
30 years$1,512$1,084$762$527$360$253
31 years$1,448$1,025$711$484$326$226
32 years$1,387$970$663$445$295$201
33 years$1,331$918$619$409$267$179
34 years$1,277$870$579$377$241$160
35 years$1,227$826$541$347$219$143
36 years$1,180$784$506$319$198$127
37 years$1,136$744$474$294$180$114
38 years$1,093$707$444$271$163$102
39 years$1,054$673$416$250$148$91
40 years$1,016$640$389$231$134$81
41 years$980$609$365$213$121$72
42 years$946$580$343$196$110$65
43 years$914$553$321$181$100$58
44 years$883$527$302$167$91$52
45 years$853$502$283$155$82$46
46 years$825$479$266$143$75$41
47 years$799$457$250$132$68$37
48 years$773$437$235$122$62$33
49 years$749$417$221$113$56$29
50 years$725$398$208$104$51$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $743,000, adding $5,566 every year, while hoping to spend $39,627 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: 44/35/21 Blend
44$743,000$743,000$743,000$743,000
45$824,527$785,148$773,632$855,573
46$866,466$781,458$757,386$874,336
47$911,355$776,258$739,267$890,352
48$959,452$769,434$719,172$906,901
49$1,011,042$760,862$696,990$924,052
50$1,066,437$750,413$672,607$941,884
51$1,125,978$737,948$645,905$960,486
52$1,190,042$723,321$616,756$979,960
53$1,259,040$706,378$585,032$1,000,421
54$1,333,426$686,954$550,594$1,021,997
55$1,413,698$664,877$513,301$1,044,837
56$1,500,401$639,962$473,003$1,069,105
57$1,594,137$612,015$429,543$1,094,988
58$1,695,566$580,831$382,760$1,122,695
59$1,805,413$546,192$332,482$1,152,461
60$1,924,478$507,867$278,533$1,184,551
61$2,053,637$465,615$220,725$1,219,260
62$2,193,855$419,177$158,867$1,256,920
63$2,346,194$368,283$92,755$1,297,902
64$2,511,821$312,644$22,178$1,342,621
65$2,692,021$251,958$0$1,391,542
66$2,888,208$185,904$0$1,457,088
67$3,101,936$114,144$0$1,534,008
68$3,334,916$36,321$0$1,618,026
69$3,589,034$0$0$1,709,916
70$3,866,360$0$0$1,829,002
71$4,169,179$0$0$1,974,392
72$4,500,001$0$0$2,133,315
73$4,861,592$0$0$2,307,111
74$5,256,997$0$0$2,497,255
75$5,689,568$0$0$2,705,370
76$6,162,997$0$0$2,933,244
77$6,681,348$0$0$3,182,847
78$7,249,097$0$0$3,456,348
79$7,871,174$0$0$3,756,135
80$8,553,006$0$0$4,084,838
81$9,300,573$0$0$4,445,354
82$10,120,459$0$0$4,840,875
83$11,019,917$0$0$5,274,915
84$12,006,936$0$0$5,751,345
85$13,090,315$0$0$6,274,431
86$14,279,747$0$0$6,848,869
87$15,585,909$0$0$7,479,836
88$17,020,563$0$0$8,173,031
89$18,596,665$0$0$8,934,734
90$20,328,490$0$0$9,771,865
91$22,231,762$0$0$10,692,046
92$24,323,806$0$0$11,703,674
93$26,623,707$0$0$12,816,001
94$29,152,492$0$0$14,039,219
95$31,933,329$0$0$15,384,560
96$34,991,740$0$0$16,864,395
97$38,355,847$0$0$18,492,358
98$42,056,634$0$0$20,283,468
99$46,128,239$0$0$22,254,276
100$50,608,274$0$0$24,423,015