Can I retire at age 45 with 743,000?

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 $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%19.7%
1 years$61,356$60,810$60,277$59,756$59,248$56,942
2 years$30,374$29,809$29,260$28,729$28,213$25,918
3 years$20,048$19,480$18,933$18,407$17,900$15,687
4 years$14,886$14,320$13,779$13,261$12,766$10,654
5 years$11,790$11,227$10,693$10,186$9,705$7,697
6 years$9,727$9,168$8,641$8,146$7,679$5,778
7 years$8,253$7,699$7,181$6,697$6,245$4,450
8 years$7,149$6,600$6,090$5,618$5,181$3,490
9 years$6,290$5,746$5,245$4,785$4,363$2,773
10 years$5,603$5,065$4,573$4,125$3,718$2,226
11 years$5,042$4,509$4,026$3,590$3,197$1,801
12 years$4,575$4,047$3,573$3,149$2,771$1,466
13 years$4,179$3,657$3,192$2,780$2,416$1,199
14 years$3,841$3,324$2,868$2,468$2,118$984
15 years$3,548$3,037$2,590$2,201$1,865$811
16 years$3,292$2,786$2,348$1,971$1,648$669
17 years$3,066$2,566$2,136$1,771$1,461$554
18 years$2,865$2,371$1,950$1,596$1,299$459
19 years$2,686$2,198$1,785$1,442$1,158$381
20 years$2,525$2,042$1,639$1,306$1,034$316
21 years$2,380$1,902$1,507$1,185$926$263
22 years$2,248$1,776$1,389$1,078$830$219
23 years$2,127$1,661$1,283$981$745$182
24 years$2,017$1,556$1,186$895$669$152
25 years$1,916$1,460$1,099$817$602$127
26 years$1,822$1,372$1,019$747$543$106
27 years$1,736$1,292$946$684$489$88
28 years$1,656$1,217$880$627$441$73
29 years$1,582$1,148$819$575$399$61
30 years$1,512$1,084$762$527$360$51
31 years$1,448$1,025$711$484$326$43
32 years$1,387$970$663$445$295$36
33 years$1,331$918$619$409$267$30
34 years$1,277$870$579$377$241$25
35 years$1,227$826$541$347$219$21
36 years$1,180$784$506$319$198$17
37 years$1,136$744$474$294$180$14
38 years$1,093$707$444$271$163$12
39 years$1,054$673$416$250$148$10
40 years$1,016$640$389$231$134$8
41 years$980$609$365$213$121$7
42 years$946$580$343$196$110$6
43 years$914$553$321$181$100$5
44 years$883$527$302$167$91$4
45 years$853$502$283$155$82$3
46 years$825$479$266$143$75$3
47 years$799$457$250$132$68$2
48 years$773$437$235$122$62$2
49 years$749$417$221$113$56$2
50 years$725$398$208$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $743,000, adding $3,176 every year, while hoping to spend $25,832 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: 66/11/23 Blend
44$743,000$743,000$743,000$743,000
45$822,062$782,683$771,167$871,263
46$878,427$793,549$769,516$915,593
47$939,676$804,083$766,944$960,814
48$1,006,279$814,239$763,392$1,009,656
49$1,078,755$823,971$758,801$1,062,474
50$1,157,672$833,231$753,105$1,119,664
51$1,243,659$841,964$746,239$1,181,658
52$1,337,406$850,113$738,132$1,248,937
53$1,439,673$857,620$728,710$1,322,027
54$1,551,294$864,418$717,897$1,401,513
55$1,673,192$870,440$705,612$1,488,035
56$1,806,378$875,613$691,771$1,582,303
57$1,951,969$879,858$676,285$1,685,098
58$2,111,192$883,094$659,063$1,797,282
59$2,285,401$885,232$640,008$1,919,805
60$2,476,082$886,179$619,019$2,053,716
61$2,684,877$885,836$595,991$2,200,170
62$2,913,590$884,097$570,812$2,360,443
63$3,164,209$880,851$543,368$2,535,940
64$3,438,925$875,980$513,537$2,728,211
65$3,740,149$869,356$481,194$2,938,967
66$4,070,537$860,848$446,207$3,170,092
67$4,433,015$850,312$408,438$3,423,665
68$4,830,805$837,600$367,743$3,701,979
69$5,267,457$822,552$323,972$4,007,561
70$5,746,880$805,000$276,968$4,343,199
71$6,273,382$784,765$226,567$4,711,966
72$6,851,708$761,659$172,597$5,117,249
73$7,487,083$735,481$114,880$5,562,786
74$8,185,266$706,021$53,230$6,052,696
75$8,952,601$673,054$0$6,591,520
76$9,796,076$636,343$0$7,187,348
77$10,723,390$595,638$0$7,856,760
78$11,743,026$550,674$0$8,592,817
79$12,864,329$501,171$0$9,402,283
80$14,097,595$446,833$0$10,292,613
81$15,454,169$387,348$0$11,272,022
82$16,946,551$322,384$0$12,349,562
83$18,588,511$251,593$0$13,535,208
84$20,395,223$174,605$0$14,839,953
85$22,383,407$91,032$0$16,275,913
86$24,571,484$461$0$17,856,437
87$26,979,750$0$0$19,596,238
88$29,630,572$0$0$21,523,337
89$32,548,593$0$0$23,644,803
90$35,760,967$0$0$25,980,331
91$39,297,614$0$0$28,551,681
92$43,191,504$0$0$31,382,831
93$47,478,964$0$0$34,500,204
94$52,200,026$0$0$37,932,913
95$57,398,800$0$0$41,713,039
96$63,123,892$0$0$45,875,933
97$69,428,861$0$0$50,460,550
98$76,372,726$0$0$55,509,814
99$84,020,522$0$0$61,071,025
100$92,443,914$0$0$67,196,305