Can I retire at age 45 with 745,000?

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 $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%11.3%
1 years$61,521$60,973$60,439$59,917$59,407$59,082
2 years$30,456$29,889$29,339$28,806$28,289$27,961
3 years$20,102$19,533$18,984$18,456$17,948$17,627
4 years$14,927$14,359$13,816$13,297$12,801$12,490
5 years$11,822$11,257$10,722$10,213$9,731$9,430
6 years$9,753$9,192$8,665$8,168$7,700$7,410
7 years$8,275$7,720$7,200$6,715$6,262$5,984
8 years$7,168$6,617$6,106$5,633$5,195$4,928
9 years$6,307$5,762$5,260$4,798$4,375$4,119
10 years$5,619$5,079$4,585$4,136$3,728$3,483
11 years$5,056$4,521$4,037$3,600$3,206$2,972
12 years$4,587$4,058$3,583$3,157$2,778$2,554
13 years$4,191$3,667$3,201$2,787$2,423$2,209
14 years$3,851$3,333$2,876$2,474$2,124$1,920
15 years$3,558$3,045$2,597$2,207$1,870$1,677
16 years$3,301$2,794$2,354$1,976$1,653$1,469
17 years$3,074$2,573$2,142$1,775$1,465$1,291
18 years$2,873$2,378$1,956$1,600$1,303$1,137
19 years$2,694$2,203$1,790$1,446$1,161$1,005
20 years$2,532$2,048$1,643$1,309$1,037$889
21 years$2,386$1,907$1,511$1,188$928$788
22 years$2,254$1,780$1,393$1,080$832$700
23 years$2,133$1,665$1,286$984$747$622
24 years$2,022$1,560$1,189$897$671$554
25 years$1,921$1,464$1,102$820$604$493
26 years$1,827$1,376$1,022$749$544$440
27 years$1,741$1,295$949$686$491$393
28 years$1,660$1,220$882$628$443$351
29 years$1,586$1,151$821$576$400$313
30 years$1,516$1,087$764$529$361$280
31 years$1,452$1,028$713$486$327$251
32 years$1,391$972$665$446$295$224
33 years$1,334$921$621$411$267$201
34 years$1,281$873$580$378$242$180
35 years$1,231$828$542$348$219$161
36 years$1,183$786$507$320$199$145
37 years$1,139$746$475$295$180$130
38 years$1,096$709$445$272$163$116
39 years$1,056$674$417$251$148$104
40 years$1,019$642$391$231$134$93
41 years$983$611$366$213$122$84
42 years$948$582$343$197$110$75
43 years$916$554$322$182$100$68
44 years$885$528$303$168$91$61
45 years$856$504$284$155$83$54
46 years$828$481$267$143$75$49
47 years$801$459$251$132$68$44
48 years$775$438$236$122$62$39
49 years$751$418$221$113$56$35
50 years$727$399$208$104$51$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $745,000, adding $3,655 every year, while hoping to spend $58,364 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: 73/21/6 Blend
44$745,000$745,000$745,000$745,000
45$824,760$785,275$773,728$884,127
46$846,787$761,655$737,549$900,114
47$869,104$734,921$698,202$909,908
48$891,680$704,859$655,519$918,976
49$914,477$671,243$609,325$927,226
50$937,453$633,834$559,436$934,561
51$960,558$592,376$505,662$940,873
52$983,736$546,603$447,802$946,045
53$1,006,921$496,231$385,648$949,950
54$1,030,041$440,960$318,981$952,451
55$1,053,012$380,474$247,574$953,395
56$1,075,740$314,438$171,188$952,620
57$1,098,119$242,499$89,577$949,946
58$1,120,029$164,284$2,480$945,180
59$1,141,337$79,398$0$938,109
60$1,161,889$0$0$934,296
61$1,181,519$0$0$931,149
62$1,200,036$0$0$945,436
63$1,217,229$0$0$958,639
64$1,232,861$0$0$970,567
65$1,246,670$0$0$981,006
66$1,258,360$0$0$989,722
67$1,267,606$0$0$996,448
68$1,274,043$0$0$1,000,893
69$1,277,266$0$0$1,002,729
70$1,276,827$0$0$1,001,595
71$1,272,224$0$0$997,087
72$1,262,905$0$0$988,760
73$1,248,254$0$0$976,117
74$1,227,590$0$0$958,610
75$1,200,156$0$0$935,629
76$1,165,115$0$0$906,500
77$1,121,541$0$0$870,476
78$1,068,405$0$0$826,730
79$1,004,573$0$0$774,348
80$928,786$0$0$712,316
81$839,654$0$0$639,515
82$735,639$0$0$554,706
83$615,040$0$0$456,520
84$475,977$0$0$343,445
85$316,373$0$0$213,807
86$133,933$0$0$65,759
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$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