Can I retire at age 45 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$61,521$60,973$60,439$59,917$59,407$58,256
2 years$30,456$29,889$29,339$28,806$28,289$27,133
3 years$20,102$19,533$18,984$18,456$17,948$16,824
4 years$14,927$14,359$13,816$13,297$12,801$11,718
5 years$11,822$11,257$10,722$10,213$9,731$8,692
6 years$9,753$9,192$8,665$8,168$7,700$6,706
7 years$8,275$7,720$7,200$6,715$6,262$5,313
8 years$7,168$6,617$6,106$5,633$5,195$4,291
9 years$6,307$5,762$5,260$4,798$4,375$3,515
10 years$5,619$5,079$4,585$4,136$3,728$2,912
11 years$5,056$4,521$4,037$3,600$3,206$2,432
12 years$4,587$4,058$3,583$3,157$2,778$2,046
13 years$4,191$3,667$3,201$2,787$2,423$1,731
14 years$3,851$3,333$2,876$2,474$2,124$1,471
15 years$3,558$3,045$2,597$2,207$1,870$1,255
16 years$3,301$2,794$2,354$1,976$1,653$1,074
17 years$3,074$2,573$2,142$1,775$1,465$921
18 years$2,873$2,378$1,956$1,600$1,303$792
19 years$2,694$2,203$1,790$1,446$1,161$683
20 years$2,532$2,048$1,643$1,309$1,037$589
21 years$2,386$1,907$1,511$1,188$928$509
22 years$2,254$1,780$1,393$1,080$832$441
23 years$2,133$1,665$1,286$984$747$382
24 years$2,022$1,560$1,189$897$671$331
25 years$1,921$1,464$1,102$820$604$287
26 years$1,827$1,376$1,022$749$544$249
27 years$1,741$1,295$949$686$491$216
28 years$1,660$1,220$882$628$443$188
29 years$1,586$1,151$821$576$400$164
30 years$1,516$1,087$764$529$361$142
31 years$1,452$1,028$713$486$327$124
32 years$1,391$972$665$446$295$108
33 years$1,334$921$621$411$267$94
34 years$1,281$873$580$378$242$82
35 years$1,231$828$542$348$219$71
36 years$1,183$786$507$320$199$62
37 years$1,139$746$475$295$180$54
38 years$1,096$709$445$272$163$47
39 years$1,056$674$417$251$148$41
40 years$1,019$642$391$231$134$36
41 years$983$611$366$213$122$31
42 years$948$582$343$197$110$27
43 years$916$554$322$182$100$24
44 years$885$528$303$168$91$21
45 years$856$504$284$155$83$18
46 years$828$481$267$143$75$16
47 years$801$459$251$132$68$14
48 years$775$438$236$122$62$12
49 years$751$418$221$113$56$10
50 years$727$399$208$104$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $745,000, adding $4,478 every year, while hoping to spend $25,542 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: 73/5/22 Blend
44$745,000$745,000$745,000$745,000
45$825,609$786,124$774,577$881,128
46$882,645$797,468$773,348$930,006
47$944,642$808,511$771,223$980,049
48$1,012,080$819,212$768,143$1,034,235
49$1,085,486$829,527$764,050$1,092,974
50$1,165,439$839,408$758,880$1,156,715
51$1,252,579$848,804$752,567$1,225,955
52$1,347,607$857,661$745,043$1,301,240
53$1,451,297$865,921$736,236$1,383,172
54$1,564,500$873,521$726,071$1,472,416
55$1,688,152$880,397$714,467$1,569,704
56$1,823,286$886,478$701,344$1,675,844
57$1,971,035$891,690$686,613$1,791,725
58$2,132,651$895,953$670,185$1,918,328
59$2,309,509$899,183$651,964$2,056,735
60$2,503,126$901,290$631,852$2,208,138
61$2,715,171$902,179$609,745$2,373,850
62$2,947,481$901,748$585,533$2,555,322
63$3,202,080$899,890$559,105$2,754,149
64$3,481,198$896,490$530,341$2,972,092
65$3,787,290$891,428$499,117$3,211,092
66$4,123,060$884,575$465,304$3,473,288
67$4,491,487$875,794$428,767$3,761,039
68$4,895,852$864,940$389,364$4,076,944
69$5,339,768$851,862$346,947$4,423,870
70$5,827,217$836,395$301,361$4,804,974
71$6,362,583$818,369$252,447$5,223,739
72$6,950,698$797,600$200,036$5,684,005
73$7,596,883$773,897$143,951$6,190,001
74$8,307,002$747,054$84,010$6,746,393
75$9,087,512$716,856$20,020$7,358,321
76$9,945,530$683,074$0$8,031,453
77$10,888,895$645,466$0$8,783,365
78$11,926,245$603,776$0$9,615,364
79$13,067,095$557,733$0$10,530,387
80$14,321,929$507,053$0$11,536,852
81$15,702,299$451,432$0$12,644,035
82$17,220,932$390,550$0$13,862,159
83$18,891,851$324,071$0$15,202,485
84$20,730,507$251,638$0$16,677,425
85$22,753,924$172,874$0$18,300,654
86$24,980,860$87,380$0$20,087,240
87$27,431,984$0$0$22,053,789
88$30,130,069$0$0$24,218,885
89$33,100,209$0$0$26,607,629
90$36,370,055$0$0$29,237,454
91$39,970,075$0$0$32,132,871
92$43,933,841$0$0$35,320,886
93$48,298,345$0$0$38,831,258
94$53,104,351$0$0$42,696,779
95$58,396,777$0$0$46,953,581
96$64,225,117$0$0$51,641,483
97$70,643,911$0$0$56,804,357
98$77,713,260$0$0$62,490,551
99$85,499,387$0$0$68,753,339
100$94,075,270$0$0$75,651,428