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%13%
1 years$61,521$60,973$60,439$59,917$59,407$58,665
2 years$30,456$29,889$29,339$28,806$28,289$27,542
3 years$20,102$19,533$18,984$18,456$17,948$17,219
4 years$14,927$14,359$13,816$13,297$12,801$12,096
5 years$11,822$11,257$10,722$10,213$9,731$9,053
6 years$9,753$9,192$8,665$8,168$7,700$7,049
7 years$8,275$7,720$7,200$6,715$6,262$5,638
8 years$7,168$6,617$6,106$5,633$5,195$4,599
9 years$6,307$5,762$5,260$4,798$4,375$3,806
10 years$5,619$5,079$4,585$4,136$3,728$3,185
11 years$5,056$4,521$4,037$3,600$3,206$2,689
12 years$4,587$4,058$3,583$3,157$2,778$2,287
13 years$4,191$3,667$3,201$2,787$2,423$1,956
14 years$3,851$3,333$2,876$2,474$2,124$1,682
15 years$3,558$3,045$2,597$2,207$1,870$1,451
16 years$3,301$2,794$2,354$1,976$1,653$1,257
17 years$3,074$2,573$2,142$1,775$1,465$1,092
18 years$2,873$2,378$1,956$1,600$1,303$950
19 years$2,694$2,203$1,790$1,446$1,161$829
20 years$2,532$2,048$1,643$1,309$1,037$725
21 years$2,386$1,907$1,511$1,188$928$634
22 years$2,254$1,780$1,393$1,080$832$556
23 years$2,133$1,665$1,286$984$747$488
24 years$2,022$1,560$1,189$897$671$429
25 years$1,921$1,464$1,102$820$604$377
26 years$1,827$1,376$1,022$749$544$332
27 years$1,741$1,295$949$686$491$292
28 years$1,660$1,220$882$628$443$257
29 years$1,586$1,151$821$576$400$227
30 years$1,516$1,087$764$529$361$200
31 years$1,452$1,028$713$486$327$177
32 years$1,391$972$665$446$295$156
33 years$1,334$921$621$411$267$138
34 years$1,281$873$580$378$242$121
35 years$1,231$828$542$348$219$107
36 years$1,183$786$507$320$199$95
37 years$1,139$746$475$295$180$84
38 years$1,096$709$445$272$163$74
39 years$1,056$674$417$251$148$65
40 years$1,019$642$391$231$134$58
41 years$983$611$366$213$122$51
42 years$948$582$343$197$110$45
43 years$916$554$322$182$100$40
44 years$885$528$303$168$91$35
45 years$856$504$284$155$83$31
46 years$828$481$267$143$75$28
47 years$801$459$251$132$68$24
48 years$775$438$236$122$62$22
49 years$751$418$221$113$56$19
50 years$727$399$208$104$51$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $745,000, adding $3,501 every year, while hoping to spend $57,366 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: 53/27/20 Blend
44$745,000$745,000$745,000$745,000
45$824,601$785,116$773,569$863,615
46$847,674$762,550$738,446$868,222
47$871,177$736,955$700,225$866,942
48$895,094$708,123$658,739$864,317
49$919,405$675,833$613,819$860,236
50$944,085$639,850$565,283$854,584
51$969,107$599,927$512,944$847,233
52$994,435$555,803$456,608$838,050
53$1,020,031$507,201$396,067$826,892
54$1,045,849$453,829$331,110$813,605
55$1,071,836$395,377$261,513$798,024
56$1,097,933$331,519$187,043$779,975
57$1,124,069$261,911$107,456$759,268
58$1,150,167$186,187$22,499$735,703
59$1,176,137$103,964$0$709,064
60$1,201,879$14,834$0$693,666
61$1,227,278$0$0$680,785
62$1,252,207$0$0$689,664
63$1,276,520$0$0$702,551
64$1,300,056$0$0$714,943
65$1,322,633$0$0$726,731
66$1,344,046$0$0$737,796
67$1,364,068$0$0$748,003
68$1,382,445$0$0$757,203
69$1,398,893$0$0$765,227
70$1,413,094$0$0$771,889
71$1,424,697$0$0$776,983
72$1,433,308$0$0$780,276
73$1,438,491$0$0$781,512
74$1,439,762$0$0$780,406
75$1,436,579$0$0$776,642
76$1,428,346$0$0$769,868
77$1,414,399$0$0$759,693
78$1,394,000$0$0$745,688
79$1,366,333$0$0$727,371
80$1,330,494$0$0$704,213
81$1,285,480$0$0$675,627
82$1,230,182$0$0$640,962
83$1,163,371$0$0$599,498
84$1,083,689$0$0$550,439
85$989,631$0$0$492,905
86$879,535$0$0$425,922
87$751,561$0$0$348,412
88$603,676$0$0$259,187
89$433,635$0$0$156,930
90$238,953$0$0$40,189
91$16,887$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0