Can I retire at age 45 with 746,000?

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 $746,000?

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$61,604$61,055$60,520$59,997$59,487$57,127
2 years$30,497$29,929$29,379$28,845$28,327$25,979
3 years$20,129$19,559$19,010$18,481$17,972$15,709
4 years$14,947$14,378$13,834$13,315$12,818$10,657
5 years$11,838$11,272$10,736$10,227$9,744$7,692
6 years$9,766$9,205$8,676$8,179$7,710$5,768
7 years$8,286$7,730$7,210$6,724$6,270$4,437
8 years$7,177$6,626$6,115$5,641$5,202$3,475
9 years$6,315$5,769$5,267$4,805$4,381$2,758
10 years$5,626$5,085$4,592$4,142$3,733$2,212
11 years$5,062$4,527$4,042$3,604$3,210$1,787
12 years$4,593$4,063$3,587$3,162$2,782$1,452
13 years$4,196$3,672$3,205$2,791$2,426$1,186
14 years$3,857$3,338$2,880$2,478$2,126$972
15 years$3,562$3,049$2,600$2,210$1,872$800
16 years$3,305$2,798$2,357$1,979$1,655$659
17 years$3,078$2,576$2,145$1,778$1,467$545
18 years$2,877$2,381$1,958$1,602$1,305$451
19 years$2,697$2,206$1,793$1,448$1,163$373
20 years$2,535$2,050$1,645$1,311$1,039$310
21 years$2,389$1,910$1,513$1,190$929$257
22 years$2,257$1,783$1,395$1,082$833$214
23 years$2,136$1,667$1,288$985$748$178
24 years$2,025$1,562$1,191$899$672$148
25 years$1,923$1,466$1,103$821$605$123
26 years$1,830$1,378$1,023$750$545$102
27 years$1,743$1,297$950$687$491$85
28 years$1,663$1,222$883$629$443$71
29 years$1,588$1,153$822$577$400$59
30 years$1,519$1,089$766$530$362$49
31 years$1,454$1,029$714$486$327$41
32 years$1,393$974$666$447$296$34
33 years$1,336$922$622$411$268$29
34 years$1,283$874$581$378$242$24
35 years$1,232$829$543$348$219$20
36 years$1,185$787$508$321$199$17
37 years$1,140$747$476$295$180$14
38 years$1,098$710$445$272$163$12
39 years$1,058$675$417$251$148$10
40 years$1,020$643$391$232$134$8
41 years$984$612$367$214$122$7
42 years$950$582$344$197$111$6
43 years$917$555$323$182$100$5
44 years$886$529$303$168$91$4
45 years$857$504$284$155$83$3
46 years$829$481$267$143$75$3
47 years$802$459$251$132$68$2
48 years$776$438$236$122$62$2
49 years$752$419$222$113$56$2
50 years$728$400$208$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $746,000, adding $4,244 every year, while hoping to spend $43,930 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: 59/28/13 Blend
44$746,000$746,000$746,000$746,000
45$826,470$786,932$775,369$872,324
46$864,028$778,750$754,602$895,551
47$903,946$768,695$731,668$915,585
48$946,416$756,629$706,447$936,384
49$991,652$742,405$678,814$958,028
50$1,039,885$725,868$648,639$980,603
51$1,091,372$706,854$615,787$1,004,211
52$1,146,391$685,189$580,115$1,028,962
53$1,205,249$660,689$541,475$1,054,981
54$1,268,280$633,159$499,710$1,082,409
55$1,335,854$602,394$454,660$1,111,402
56$1,408,375$568,174$406,154$1,142,138
57$1,486,284$530,270$354,016$1,174,811
58$1,570,069$488,437$298,059$1,209,644
59$1,660,264$442,418$238,092$1,246,881
60$1,757,456$391,942$173,913$1,286,796
61$1,862,288$336,718$105,311$1,329,697
62$1,975,469$276,445$32,066$1,375,924
63$2,097,775$210,799$0$1,425,857
64$2,230,063$139,443$0$1,486,317
65$2,373,270$62,017$0$1,556,542
66$2,528,431$0$0$1,632,640
67$2,696,680$0$0$1,721,966
68$2,879,267$0$0$1,839,692
69$3,077,565$0$0$1,967,602
70$3,293,084$0$0$2,106,678
71$3,527,487$0$0$2,257,997
72$3,782,602$0$0$2,422,750
73$4,060,441$0$0$2,602,241
74$4,363,218$0$0$2,797,911
75$4,693,369$0$0$3,011,342
76$5,053,577$0$0$3,244,275
77$5,446,793$0$0$3,498,630
78$5,876,265$0$0$3,776,518
79$6,345,572$0$0$4,080,262
80$6,858,651$0$0$4,412,423
81$7,419,838$0$0$4,775,817
82$8,033,906$0$0$5,173,547
83$8,706,113$0$0$5,609,029
84$9,442,246$0$0$6,086,025
85$10,248,680$0$0$6,608,679
86$11,132,435$0$0$7,181,552
87$12,101,242$0$0$7,809,670
88$13,163,617$0$0$8,498,568
89$14,328,937$0$0$9,254,341
90$15,607,533$0$0$10,083,704
91$17,010,783$0$0$10,994,053
92$18,551,219$0$0$11,993,534
93$20,242,648$0$0$13,091,123
94$22,100,278$0$0$14,296,704
95$24,140,861$0$0$15,621,168
96$26,382,855$0$0$17,076,513
97$28,846,590$0$0$18,675,956
98$31,554,465$0$0$20,434,057
99$34,531,158$0$0$22,366,860
100$37,803,855$0$0$24,492,037