Can I retire at age 45 with 744,000?

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 $744,000?

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$61,439$60,892$60,358$59,836$59,328$57,406
2 years$30,415$29,849$29,300$28,768$28,251$26,333
3 years$20,075$19,507$18,959$18,432$17,924$16,069
4 years$14,907$14,339$13,797$13,279$12,783$11,007
5 years$11,806$11,242$10,707$10,200$9,718$8,024
6 years$9,740$9,180$8,653$8,157$7,689$6,080
7 years$8,264$7,709$7,191$6,706$6,253$4,728
8 years$7,158$6,608$6,098$5,626$5,188$3,745
9 years$6,298$5,754$5,252$4,792$4,369$3,008
10 years$5,611$5,072$4,579$4,130$3,723$2,441
11 years$5,049$4,515$4,031$3,595$3,202$1,996
12 years$4,581$4,052$3,578$3,153$2,774$1,643
13 years$4,185$3,662$3,197$2,784$2,419$1,360
14 years$3,846$3,329$2,872$2,471$2,121$1,130
15 years$3,553$3,041$2,593$2,204$1,867$942
16 years$3,296$2,790$2,351$1,973$1,650$787
17 years$3,070$2,570$2,139$1,773$1,463$659
18 years$2,869$2,374$1,953$1,598$1,301$553
19 years$2,690$2,201$1,788$1,444$1,160$465
20 years$2,529$2,045$1,641$1,308$1,036$392
21 years$2,383$1,905$1,509$1,187$927$330
22 years$2,251$1,778$1,391$1,079$831$278
23 years$2,130$1,663$1,284$983$746$235
24 years$2,020$1,558$1,188$896$670$198
25 years$1,918$1,462$1,100$818$603$168
26 years$1,825$1,374$1,020$748$543$142
27 years$1,738$1,293$947$685$490$120
28 years$1,658$1,219$881$628$442$101
29 years$1,584$1,150$820$576$399$86
30 years$1,514$1,086$763$528$361$73
31 years$1,450$1,026$712$485$326$61
32 years$1,389$971$664$446$295$52
33 years$1,332$920$620$410$267$44
34 years$1,279$872$579$377$242$37
35 years$1,229$827$542$347$219$32
36 years$1,182$785$507$320$198$27
37 years$1,137$745$474$295$180$23
38 years$1,095$708$444$272$163$19
39 years$1,055$674$416$250$148$16
40 years$1,017$641$390$231$134$14
41 years$981$610$366$213$122$12
42 years$947$581$343$197$110$10
43 years$915$553$322$182$100$8
44 years$884$528$302$168$91$7
45 years$855$503$284$155$83$6
46 years$827$480$266$143$75$5
47 years$800$458$250$132$68$4
48 years$774$437$235$122$62$4
49 years$750$418$221$113$56$3
50 years$726$399$208$104$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $744,000, adding $3,328 every year, while hoping to spend $35,467 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: 58/16/26 Blend
44$744,000$744,000$744,000$744,000
45$823,321$783,889$772,357$865,082
46$869,563$784,563$760,494$894,680
47$919,333$784,081$747,045$922,887
48$972,954$782,350$731,920$952,897
49$1,030,779$779,268$715,023$984,894
50$1,093,197$774,732$696,255$1,019,084
51$1,160,637$768,627$675,513$1,055,692
52$1,233,567$760,835$652,689$1,094,971
53$1,312,504$751,230$627,667$1,137,197
54$1,398,016$739,676$600,331$1,182,680
55$1,490,727$726,034$570,555$1,231,761
56$1,591,323$710,151$538,210$1,284,820
57$1,700,559$691,869$503,161$1,342,276
58$1,819,265$671,020$465,266$1,404,592
59$1,948,354$647,424$424,376$1,472,283
60$2,088,831$620,893$380,338$1,545,919
61$2,241,802$591,227$332,989$1,626,129
62$2,408,483$558,214$282,162$1,713,609
63$2,590,213$521,631$227,679$1,809,131
64$2,788,466$481,242$169,357$1,913,548
65$3,004,863$436,796$107,004$2,027,803
66$3,241,189$388,030$40,419$2,152,939
67$3,499,411$334,664$0$2,290,109
68$3,781,691$276,403$0$2,449,088
69$4,090,412$212,935$0$2,635,304
70$4,428,197$143,931$0$2,839,152
71$4,797,933$69,044$0$3,062,421
72$5,202,802$0$0$3,307,081
73$5,646,305$0$0$3,577,433
74$6,132,298$0$0$3,887,070
75$6,665,031$0$0$4,226,549
76$7,249,180$0$0$4,598,859
77$7,889,898$0$0$5,007,293
78$8,592,860$0$0$5,455,477
79$9,364,318$0$0$5,947,404
80$10,211,156$0$0$6,487,476
81$11,140,960$0$0$7,080,538
82$12,162,084$0$0$7,731,930
83$13,283,733$0$0$8,447,532
84$14,516,044$0$0$9,233,825
85$15,870,189$0$0$10,097,946
86$17,358,472$0$0$11,047,760
87$18,994,449$0$0$12,091,928
88$20,793,057$0$0$13,239,996
89$22,770,750$0$0$14,502,481
90$24,945,657$0$0$15,890,966
91$27,337,751$0$0$17,418,218
92$29,969,040$0$0$19,098,301
93$32,863,769$0$0$20,946,710
94$36,048,654$0$0$22,980,518
95$39,553,130$0$0$25,218,539
96$43,409,630$0$0$27,681,498
97$47,653,888$0$0$30,392,236
98$52,325,279$0$0$33,375,916
99$57,467,189$0$0$36,660,268
100$63,127,422$0$0$40,275,843