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%12.3%
1 years$61,439$60,892$60,358$59,836$59,328$58,757
2 years$30,415$29,849$29,300$28,768$28,251$27,676
3 years$20,075$19,507$18,959$18,432$17,924$17,363
4 years$14,907$14,339$13,797$13,279$12,783$12,240
5 years$11,806$11,242$10,707$10,200$9,718$9,194
6 years$9,740$9,180$8,653$8,157$7,689$7,186
7 years$8,264$7,709$7,191$6,706$6,253$5,770
8 years$7,158$6,608$6,098$5,626$5,188$4,725
9 years$6,298$5,754$5,252$4,792$4,369$3,926
10 years$5,611$5,072$4,579$4,130$3,723$3,300
11 years$5,049$4,515$4,031$3,595$3,202$2,799
12 years$4,581$4,052$3,578$3,153$2,774$2,391
13 years$4,185$3,662$3,197$2,784$2,419$2,054
14 years$3,846$3,329$2,872$2,471$2,121$1,774
15 years$3,553$3,041$2,593$2,204$1,867$1,538
16 years$3,296$2,790$2,351$1,973$1,650$1,339
17 years$3,070$2,570$2,139$1,773$1,463$1,168
18 years$2,869$2,374$1,953$1,598$1,301$1,022
19 years$2,690$2,201$1,788$1,444$1,160$896
20 years$2,529$2,045$1,641$1,308$1,036$788
21 years$2,383$1,905$1,509$1,187$927$693
22 years$2,251$1,778$1,391$1,079$831$611
23 years$2,130$1,663$1,284$983$746$539
24 years$2,020$1,558$1,188$896$670$476
25 years$1,918$1,462$1,100$818$603$421
26 years$1,825$1,374$1,020$748$543$372
27 years$1,738$1,293$947$685$490$330
28 years$1,658$1,219$881$628$442$292
29 years$1,584$1,150$820$576$399$259
30 years$1,514$1,086$763$528$361$230
31 years$1,450$1,026$712$485$326$204
32 years$1,389$971$664$446$295$181
33 years$1,332$920$620$410$267$161
34 years$1,279$872$579$377$242$143
35 years$1,229$827$542$347$219$127
36 years$1,182$785$507$320$198$113
37 years$1,137$745$474$295$180$100
38 years$1,095$708$444$272$163$89
39 years$1,055$674$416$250$148$79
40 years$1,017$641$390$231$134$70
41 years$981$610$366$213$122$63
42 years$947$581$343$197$110$56
43 years$915$553$322$182$100$50
44 years$884$528$302$168$91$44
45 years$855$503$284$155$83$39
46 years$827$480$266$143$75$35
47 years$800$458$250$132$68$31
48 years$774$437$235$122$62$28
49 years$750$418$221$113$56$25
50 years$726$399$208$104$51$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $744,000, adding $2,314 every year, while hoping to spend $50,218 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: 62/21/17 Blend
44$744,000$744,000$744,000$744,000
45$822,275$782,843$771,311$869,590
46$852,715$767,771$743,718$886,642
47$884,578$750,277$713,518$899,385
48$917,954$730,190$680,570$912,113
49$952,944$707,327$644,728$924,828
50$989,655$681,498$605,837$937,534
51$1,028,206$652,497$563,739$950,239
52$1,068,723$620,109$518,264$962,954
53$1,111,346$584,108$469,239$975,692
54$1,156,225$544,251$416,481$988,471
55$1,203,525$500,284$359,798$1,001,315
56$1,253,424$451,938$298,991$1,014,250
57$1,306,118$398,928$233,852$1,027,313
58$1,361,820$340,952$164,163$1,040,542
59$1,420,761$277,695$89,698$1,053,988
60$1,483,195$208,818$10,219$1,067,709
61$1,549,399$133,968$0$1,081,771
62$1,619,676$52,771$0$1,109,786
63$1,694,356$0$0$1,141,171
64$1,773,803$0$0$1,182,355
65$1,858,411$0$0$1,239,231
66$1,948,616$0$0$1,299,901
67$2,044,892$0$0$1,364,689
68$2,147,759$0$0$1,433,950
69$2,257,790$0$0$1,508,072
70$2,375,608$0$0$1,587,483
71$2,501,902$0$0$1,672,649
72$2,637,422$0$0$1,764,085
73$2,782,996$0$0$1,862,352
74$2,939,530$0$0$1,968,071
75$3,108,019$0$0$2,081,919
76$3,289,557$0$0$2,204,643
77$3,485,345$0$0$2,337,061
78$3,696,700$0$0$2,480,073
79$3,925,074$0$0$2,634,668
80$4,172,057$0$0$2,801,934
81$4,439,402$0$0$2,983,064
82$4,729,032$0$0$3,179,372
83$5,043,064$0$0$3,392,303
84$5,383,825$0$0$3,623,445
85$5,753,874$0$0$3,874,545
86$6,156,026$0$0$4,147,524
87$6,593,379$0$0$4,444,498
88$7,069,339$0$0$4,767,791
89$7,587,655$0$0$5,119,964
90$8,152,452$0$0$5,503,833
91$8,768,271$0$0$5,922,499
92$9,440,108$0$0$6,379,372
93$10,173,462$0$0$6,878,209
94$10,974,389$0$0$7,423,143
95$11,849,551$0$0$8,018,727
96$12,806,287$0$0$8,669,970
97$13,852,675$0$0$9,382,390
98$14,997,609$0$0$10,162,062
99$16,250,883$0$0$11,015,675
100$17,623,282$0$0$11,950,594