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%12.2%
1 years$61,604$61,055$60,520$59,997$59,487$58,939
2 years$30,497$29,929$29,379$28,845$28,327$27,775
3 years$20,129$19,559$19,010$18,481$17,972$17,433
4 years$14,947$14,378$13,834$13,315$12,818$12,296
5 years$11,838$11,272$10,736$10,227$9,744$9,241
6 years$9,766$9,205$8,676$8,179$7,710$7,226
7 years$8,286$7,730$7,210$6,724$6,270$5,806
8 years$7,177$6,626$6,115$5,641$5,202$4,757
9 years$6,315$5,769$5,267$4,805$4,381$3,955
10 years$5,626$5,085$4,592$4,142$3,733$3,326
11 years$5,062$4,527$4,042$3,604$3,210$2,823
12 years$4,593$4,063$3,587$3,162$2,782$2,413
13 years$4,196$3,672$3,205$2,791$2,426$2,075
14 years$3,857$3,338$2,880$2,478$2,126$1,793
15 years$3,562$3,049$2,600$2,210$1,872$1,556
16 years$3,305$2,798$2,357$1,979$1,655$1,355
17 years$3,078$2,576$2,145$1,778$1,467$1,183
18 years$2,877$2,381$1,958$1,602$1,305$1,036
19 years$2,697$2,206$1,793$1,448$1,163$909
20 years$2,535$2,050$1,645$1,311$1,039$799
21 years$2,389$1,910$1,513$1,190$929$704
22 years$2,257$1,783$1,395$1,082$833$621
23 years$2,136$1,667$1,288$985$748$548
24 years$2,025$1,562$1,191$899$672$484
25 years$1,923$1,466$1,103$821$605$429
26 years$1,830$1,378$1,023$750$545$380
27 years$1,743$1,297$950$687$491$336
28 years$1,663$1,222$883$629$443$298
29 years$1,588$1,153$822$577$400$265
30 years$1,519$1,089$766$530$362$235
31 years$1,454$1,029$714$486$327$209
32 years$1,393$974$666$447$296$185
33 years$1,336$922$622$411$268$165
34 years$1,283$874$581$378$242$146
35 years$1,232$829$543$348$219$130
36 years$1,185$787$508$321$199$116
37 years$1,140$747$476$295$180$103
38 years$1,098$710$445$272$163$92
39 years$1,058$675$417$251$148$82
40 years$1,020$643$391$232$134$73
41 years$984$612$367$214$122$65
42 years$950$582$344$197$111$58
43 years$917$555$323$182$100$51
44 years$886$529$303$168$91$46
45 years$857$504$284$155$83$41
46 years$829$481$267$143$75$36
47 years$802$459$251$132$68$32
48 years$776$438$236$122$62$29
49 years$752$419$222$113$56$26
50 years$728$400$208$105$51$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $746,000, adding $2,144 every year, while hoping to spend $56,838 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: 29/49/22 Blend
44$746,000$746,000$746,000$746,000
45$824,304$784,766$773,203$842,477
46$847,907$762,744$738,630$834,661
47$872,014$737,738$700,994$821,071
48$896,614$709,542$660,132$805,268
49$921,697$677,938$615,874$787,100
50$947,247$642,694$568,043$766,402
51$973,247$603,567$516,453$743,000
52$999,674$560,298$460,911$716,712
53$1,026,503$512,614$401,213$687,342
54$1,053,701$460,227$337,148$654,685
55$1,081,231$402,831$268,496$618,521
56$1,109,052$340,105$195,026$578,618
57$1,137,113$271,707$116,496$534,732
58$1,165,356$197,279$32,657$486,602
59$1,193,716$116,440$0$433,952
60$1,222,118$28,788$0$389,827
61$1,250,477$0$0$349,627
62$1,278,694$0$0$341,058
63$1,306,661$0$0$347,867
64$1,334,253$0$0$354,489
65$1,361,331$0$0$360,877
66$1,387,736$0$0$366,979
67$1,413,292$0$0$372,736
68$1,437,801$0$0$378,083
69$1,461,041$0$0$382,945
70$1,482,764$0$0$387,242
71$1,502,693$0$0$390,883
72$1,520,519$0$0$393,765
73$1,535,895$0$0$395,776
74$1,548,439$0$0$396,790
75$1,557,723$0$0$396,668
76$1,563,272$0$0$395,255
77$1,564,556$0$0$392,379
78$1,560,988$0$0$387,849
79$1,551,918$0$0$381,453
80$1,536,621$0$0$372,957
81$1,514,295$0$0$362,102
82$1,484,052$0$0$348,599
83$1,444,906$0$0$332,130
84$1,395,766$0$0$312,342
85$1,335,423$0$0$288,846
86$1,262,540$0$0$261,209
87$1,175,636$0$0$228,955
88$1,073,074$0$0$191,555
89$953,042$0$0$148,427
90$813,539$0$0$98,926
91$652,350$0$0$42,340
92$467,028$0$0$0
93$254,869$0$0$0
94$12,887$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