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%17.4%
1 years$61,439$60,892$60,358$59,836$59,328$57,544
2 years$30,415$29,849$29,300$28,768$28,251$26,469
3 years$20,075$19,507$18,959$18,432$17,924$16,199
4 years$14,907$14,339$13,797$13,279$12,783$11,130
5 years$11,806$11,242$10,707$10,200$9,718$8,139
6 years$9,740$9,180$8,653$8,157$7,689$6,187
7 years$8,264$7,709$7,191$6,706$6,253$4,828
8 years$7,158$6,608$6,098$5,626$5,188$3,838
9 years$6,298$5,754$5,252$4,792$4,369$3,094
10 years$5,611$5,072$4,579$4,130$3,723$2,520
11 years$5,049$4,515$4,031$3,595$3,202$2,069
12 years$4,581$4,052$3,578$3,153$2,774$1,710
13 years$4,185$3,662$3,197$2,784$2,419$1,421
14 years$3,846$3,329$2,872$2,471$2,121$1,185
15 years$3,553$3,041$2,593$2,204$1,867$992
16 years$3,296$2,790$2,351$1,973$1,650$833
17 years$3,070$2,570$2,139$1,773$1,463$701
18 years$2,869$2,374$1,953$1,598$1,301$591
19 years$2,690$2,201$1,788$1,444$1,160$499
20 years$2,529$2,045$1,641$1,308$1,036$422
21 years$2,383$1,905$1,509$1,187$927$357
22 years$2,251$1,778$1,391$1,079$831$303
23 years$2,130$1,663$1,284$983$746$257
24 years$2,020$1,558$1,188$896$670$218
25 years$1,918$1,462$1,100$818$603$185
26 years$1,825$1,374$1,020$748$543$157
27 years$1,738$1,293$947$685$490$133
28 years$1,658$1,219$881$628$442$113
29 years$1,584$1,150$820$576$399$96
30 years$1,514$1,086$763$528$361$82
31 years$1,450$1,026$712$485$326$70
32 years$1,389$971$664$446$295$59
33 years$1,332$920$620$410$267$51
34 years$1,279$872$579$377$242$43
35 years$1,229$827$542$347$219$37
36 years$1,182$785$507$320$198$31
37 years$1,137$745$474$295$180$27
38 years$1,095$708$444$272$163$23
39 years$1,055$674$416$250$148$19
40 years$1,017$641$390$231$134$16
41 years$981$610$366$213$122$14
42 years$947$581$343$197$110$12
43 years$915$553$322$182$100$10
44 years$884$528$302$168$91$9
45 years$855$503$284$155$83$7
46 years$827$480$266$143$75$6
47 years$800$458$250$132$68$5
48 years$774$437$235$122$62$5
49 years$750$418$221$113$56$4
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 $3,263 every year, while hoping to spend $33,059 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: 50/30/20 Blend
44$744,000$744,000$744,000$744,000
45$823,254$783,822$772,290$859,670
46$872,051$787,055$762,987$888,442
47$924,718$789,338$752,265$916,044
48$981,614$790,590$740,040$945,344
49$1,043,134$790,724$726,227$976,514
50$1,109,713$789,650$710,735$1,009,747
51$1,181,829$787,268$693,470$1,045,255
52$1,260,007$783,475$674,333$1,083,276
53$1,344,825$778,162$653,220$1,124,071
54$1,436,917$771,213$630,023$1,167,932
55$1,536,983$762,502$604,629$1,215,180
56$1,645,791$751,900$576,919$1,266,176
57$1,764,186$739,268$546,771$1,321,314
58$1,893,099$724,458$514,054$1,381,034
59$2,033,554$707,315$478,633$1,445,825
60$2,186,676$687,674$440,367$1,516,225
61$2,353,707$665,360$399,110$1,592,832
62$2,536,011$640,188$354,705$1,676,310
63$2,735,090$611,963$306,994$1,767,389
64$2,952,597$580,477$255,806$1,866,883
65$3,190,354$545,513$200,968$1,975,689
66$3,450,365$506,837$142,295$2,094,801
67$3,734,837$464,207$79,596$2,225,318
68$4,046,199$417,362$12,672$2,368,457
69$4,387,129$366,030$0$2,525,564
70$4,760,572$309,922$0$2,710,663
71$5,169,774$248,732$0$2,916,564
72$5,618,309$182,137$0$3,142,426
73$6,110,112$109,798$0$3,390,312
74$6,649,520$31,355$0$3,662,495
75$7,241,307$0$0$3,961,488
76$7,890,732$0$0$4,307,748
77$8,603,590$0$0$4,699,271
78$9,386,261$0$0$5,129,222
79$10,245,776$0$0$5,601,472
80$11,189,877$0$0$6,120,288
81$12,227,096$0$0$6,690,368
82$13,366,831$0$0$7,316,889
83$14,619,436$0$0$8,005,554
84$15,996,315$0$0$8,762,647
85$17,510,035$0$0$9,595,090
86$19,174,440$0$0$10,510,510
87$21,004,784$0$0$11,517,310
88$23,017,872$0$0$12,624,747
89$25,232,218$0$0$13,843,021
90$27,668,223$0$0$15,183,372
91$30,348,364$0$0$16,658,183
92$33,297,406$0$0$18,281,096
93$36,542,635$0$0$20,067,145
94$40,114,118$0$0$22,032,895
95$44,044,982$0$0$24,196,597
96$48,371,730$0$0$26,578,361
97$53,134,582$0$0$29,200,347
98$58,377,857$0$0$32,086,972
99$64,150,387$0$0$35,265,141
100$70,505,983$0$0$38,764,499