Can I retire at age 45 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$61,769$61,219$60,682$60,158$59,647$58,134
2 years$30,579$30,009$29,457$28,922$28,403$26,889
3 years$20,183$19,611$19,061$18,531$18,020$16,552
4 years$14,987$14,416$13,871$13,350$12,852$11,441
5 years$11,869$11,303$10,765$10,254$9,770$8,420
6 years$9,792$9,229$8,700$8,200$7,731$6,443
7 years$8,309$7,751$7,229$6,742$6,287$5,062
8 years$7,197$6,644$6,131$5,656$5,216$4,053
9 years$6,332$5,785$5,281$4,817$4,392$3,290
10 years$5,641$5,099$4,604$4,153$3,743$2,700
11 years$5,076$4,539$4,053$3,614$3,219$2,234
12 years$4,605$4,074$3,597$3,170$2,789$1,861
13 years$4,208$3,682$3,214$2,799$2,432$1,559
14 years$3,867$3,347$2,888$2,484$2,132$1,311
15 years$3,572$3,057$2,607$2,216$1,877$1,107
16 years$3,314$2,805$2,364$1,984$1,659$937
17 years$3,087$2,583$2,151$1,782$1,471$796
18 years$2,885$2,387$1,963$1,606$1,308$677
19 years$2,704$2,212$1,797$1,451$1,166$577
20 years$2,542$2,056$1,650$1,315$1,041$492
21 years$2,396$1,915$1,517$1,193$932$420
22 years$2,263$1,788$1,398$1,085$835$359
23 years$2,141$1,672$1,291$988$750$308
24 years$2,030$1,566$1,194$901$674$264
25 years$1,928$1,470$1,106$823$606$226
26 years$1,834$1,382$1,026$752$546$194
27 years$1,748$1,300$953$689$493$166
28 years$1,667$1,225$886$631$444$143
29 years$1,592$1,156$824$579$401$123
30 years$1,523$1,092$768$531$363$105
31 years$1,458$1,032$716$488$328$91
32 years$1,397$976$668$448$297$78
33 years$1,340$925$623$412$268$67
34 years$1,286$876$582$379$243$57
35 years$1,236$831$545$349$220$49
36 years$1,188$789$509$322$199$43
37 years$1,143$749$477$296$181$37
38 years$1,101$712$447$273$164$31
39 years$1,061$677$418$252$149$27
40 years$1,023$644$392$232$135$23
41 years$987$613$368$214$122$20
42 years$952$584$345$198$111$17
43 years$920$556$324$183$101$15
44 years$889$530$304$169$91$13
45 years$859$506$285$156$83$11
46 years$831$483$268$144$75$9
47 years$804$460$252$133$68$8
48 years$778$440$237$123$62$7
49 years$754$420$222$113$56$6
50 years$730$401$209$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $748,000, adding $3,237 every year, while hoping to spend $20,196 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: 38/42/20 Blend
44$748,000$748,000$748,000$748,000
45$827,635$787,991$776,397$854,014
46$890,565$805,114$780,918$890,485
47$959,238$822,399$784,913$927,729
48$1,034,217$839,834$788,344$967,563
49$1,116,123$857,402$791,170$1,010,234
50$1,205,641$875,088$793,348$1,056,012
51$1,303,523$892,874$794,832$1,105,195
52$1,410,600$910,742$795,576$1,158,112
53$1,527,782$928,670$795,529$1,215,126
54$1,656,076$946,635$794,640$1,276,638
55$1,796,589$964,613$792,853$1,343,087
56$1,950,539$982,577$790,112$1,414,963
57$2,119,269$1,000,498$786,355$1,492,800
58$2,304,258$1,018,346$781,521$1,577,193
59$2,507,133$1,036,085$775,543$1,668,794
60$2,729,688$1,053,682$768,352$1,768,324
61$2,973,899$1,071,095$759,875$1,876,579
62$3,241,942$1,088,284$750,036$1,994,435
63$3,536,214$1,105,203$738,755$2,122,860
64$3,859,354$1,121,804$725,950$2,262,922
65$4,214,272$1,138,036$711,533$2,415,796
66$4,604,171$1,153,844$695,413$2,582,784
67$5,032,581$1,169,167$677,494$2,765,315
68$5,503,391$1,183,942$657,676$2,964,971
69$6,020,884$1,198,103$635,856$3,183,493
70$6,589,780$1,211,576$611,923$3,422,804
71$7,215,279$1,224,284$585,763$3,685,024
72$7,903,108$1,236,146$557,258$3,972,490
73$8,659,581$1,247,072$526,281$4,287,782
74$9,491,649$1,256,970$492,703$4,633,742
75$10,406,976$1,265,740$456,387$5,013,508
76$11,414,002$1,273,276$417,190$5,430,539
77$12,522,029$1,279,464$374,965$5,888,648
78$13,741,303$1,284,186$329,554$6,392,042
79$15,083,118$1,287,313$280,795$6,945,360
80$16,559,914$1,288,709$228,520$7,553,718
81$18,185,401$1,288,231$172,551$8,222,755
82$19,974,682$1,285,725$112,702$8,958,693
83$21,944,404$1,281,030$48,781$9,768,388
84$24,112,904$1,273,971$0$10,659,405
85$26,500,392$1,264,367$0$11,644,227
86$29,129,134$1,252,024$0$12,739,282
87$32,023,668$1,236,736$0$13,944,332
88$35,211,031$1,218,284$0$15,270,603
89$38,721,014$1,196,438$0$16,730,469
90$42,586,447$1,170,953$0$18,337,568
91$46,843,505$1,141,570$0$20,106,935
92$51,532,049$1,108,014$0$22,055,141
93$56,696,006$1,069,994$0$24,200,453
94$62,383,779$1,027,204$0$26,563,003
95$68,648,705$979,318$0$29,164,984
96$75,549,560$925,992$0$32,030,857
97$83,151,111$866,861$0$35,187,581
98$91,524,728$801,541$0$38,664,875
99$100,749,058$729,624$0$42,495,493
100$110,910,768$650,681$0$46,715,538