Can I retire at age 45 with 744,000?

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 $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%19.9%
1 years$61,439$60,892$60,358$59,836$59,328$56,974
2 years$30,415$29,849$29,300$28,768$28,251$25,909
3 years$20,075$19,507$18,959$18,432$17,924$15,667
4 years$14,907$14,339$13,797$13,279$12,783$10,629
5 years$11,806$11,242$10,707$10,200$9,718$7,671
6 years$9,740$9,180$8,653$8,157$7,689$5,752
7 years$8,264$7,709$7,191$6,706$6,253$4,425
8 years$7,158$6,608$6,098$5,626$5,188$3,466
9 years$6,298$5,754$5,252$4,792$4,369$2,751
10 years$5,611$5,072$4,579$4,130$3,723$2,206
11 years$5,049$4,515$4,031$3,595$3,202$1,782
12 years$4,581$4,052$3,578$3,153$2,774$1,448
13 years$4,185$3,662$3,197$2,784$2,419$1,183
14 years$3,846$3,329$2,872$2,471$2,121$970
15 years$3,553$3,041$2,593$2,204$1,867$798
16 years$3,296$2,790$2,351$1,973$1,650$658
17 years$3,070$2,570$2,139$1,773$1,463$543
18 years$2,869$2,374$1,953$1,598$1,301$449
19 years$2,690$2,201$1,788$1,444$1,160$372
20 years$2,529$2,045$1,641$1,308$1,036$309
21 years$2,383$1,905$1,509$1,187$927$256
22 years$2,251$1,778$1,391$1,079$831$213
23 years$2,130$1,663$1,284$983$746$177
24 years$2,020$1,558$1,188$896$670$147
25 years$1,918$1,462$1,100$818$603$123
26 years$1,825$1,374$1,020$748$543$102
27 years$1,738$1,293$947$685$490$85
28 years$1,658$1,219$881$628$442$71
29 years$1,584$1,150$820$576$399$59
30 years$1,514$1,086$763$528$361$49
31 years$1,450$1,026$712$485$326$41
32 years$1,389$971$664$446$295$34
33 years$1,332$920$620$410$267$28
34 years$1,279$872$579$377$242$24
35 years$1,229$827$542$347$219$20
36 years$1,182$785$507$320$198$17
37 years$1,137$745$474$295$180$14
38 years$1,095$708$444$272$163$11
39 years$1,055$674$416$250$148$10
40 years$1,017$641$390$231$134$8
41 years$981$610$366$213$122$7
42 years$947$581$343$197$110$6
43 years$915$553$322$182$100$5
44 years$884$528$302$168$91$4
45 years$855$503$284$155$83$3
46 years$827$480$266$143$75$3
47 years$800$458$250$132$68$2
48 years$774$437$235$122$62$2
49 years$750$418$221$113$56$2
50 years$726$399$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 $744,000, adding $6,127 every year, while hoping to spend $34,798 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: 58/31/11 Blend
44$744,000$744,000$744,000$744,000
45$826,208$786,776$775,244$871,571
46$873,456$788,303$764,190$904,393
47$924,358$788,739$751,599$935,728
48$979,248$787,993$737,384$969,047
49$1,038,497$785,970$721,451$1,004,544
50$1,102,508$782,567$703,705$1,042,434
51$1,171,729$777,678$684,043$1,082,954
52$1,246,648$771,187$662,361$1,126,370
53$1,327,804$762,973$638,549$1,172,973
54$1,415,789$752,907$612,489$1,223,087
55$1,511,253$740,854$584,061$1,277,069
56$1,614,913$726,668$553,140$1,335,317
57$1,727,557$710,197$519,592$1,398,268
58$1,850,049$691,278$483,280$1,466,408
59$1,983,343$669,740$444,059$1,540,273
60$2,128,488$645,401$401,779$1,620,459
61$2,286,638$618,069$356,282$1,707,622
62$2,459,061$587,541$307,404$1,802,489
63$2,647,156$553,602$254,973$1,905,864
64$2,852,461$516,023$198,809$2,018,635
65$3,076,669$474,565$138,726$2,141,787
66$3,321,643$428,973$74,528$2,276,404
67$3,589,436$378,978$6,010$2,423,689
68$3,882,307$324,296$0$2,584,968
69$4,202,744$264,628$0$2,769,586
70$4,553,485$199,656$0$2,972,553
71$4,937,546$129,045$0$3,194,980
72$5,358,250$52,442$0$3,438,876
73$5,819,253$0$0$3,706,457
74$6,324,583$0$0$4,010,583
75$6,878,678$0$0$4,363,735
76$7,486,424$0$0$4,751,148
77$8,153,203$0$0$5,176,259
78$8,884,943$0$0$5,642,857
79$9,688,174$0$0$6,155,115
80$10,570,089$0$0$6,717,628
81$11,538,611$0$0$7,335,461
82$12,602,470$0$0$8,014,191
83$13,771,280$0$0$8,759,962
84$15,055,634$0$0$9,579,544
85$16,467,203$0$0$10,480,395
86$18,018,842$0$0$11,470,730
87$19,724,717$0$0$12,559,602
88$21,600,430$0$0$13,756,982
89$23,663,176$0$0$15,073,859
90$25,931,897$0$0$16,522,337
91$28,427,462$0$0$18,115,755
92$31,172,865$0$0$19,868,808
93$34,193,443$0$0$21,797,687
94$37,517,109$0$0$23,920,234
95$41,174,621$0$0$26,256,105
96$45,199,868$0$0$28,826,958
97$49,630,192$0$0$31,656,660
98$54,506,737$0$0$34,771,506
99$59,874,839$0$0$38,200,471
100$65,784,453$0$0$41,975,481