Can I retire at age 45 with 748,000?

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 $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%18.5%
1 years$61,769$61,219$60,682$60,158$59,647$57,599
2 years$30,579$30,009$29,457$28,922$28,403$26,361
3 years$20,183$19,611$19,061$18,531$18,020$16,048
4 years$14,987$14,416$13,871$13,350$12,852$10,964
5 years$11,869$11,303$10,765$10,254$9,770$7,972
6 years$9,792$9,229$8,700$8,200$7,731$6,024
7 years$8,309$7,751$7,229$6,742$6,287$4,671
8 years$7,197$6,644$6,131$5,656$5,216$3,689
9 years$6,332$5,785$5,281$4,817$4,392$2,954
10 years$5,641$5,099$4,604$4,153$3,743$2,389
11 years$5,076$4,539$4,053$3,614$3,219$1,948
12 years$4,605$4,074$3,597$3,170$2,789$1,598
13 years$4,208$3,682$3,214$2,799$2,432$1,318
14 years$3,867$3,347$2,888$2,484$2,132$1,091
15 years$3,572$3,057$2,607$2,216$1,877$906
16 years$3,314$2,805$2,364$1,984$1,659$755
17 years$3,087$2,583$2,151$1,782$1,471$630
18 years$2,885$2,387$1,963$1,606$1,308$527
19 years$2,704$2,212$1,797$1,451$1,166$441
20 years$2,542$2,056$1,650$1,315$1,041$370
21 years$2,396$1,915$1,517$1,193$932$310
22 years$2,263$1,788$1,398$1,085$835$261
23 years$2,141$1,672$1,291$988$750$219
24 years$2,030$1,566$1,194$901$674$184
25 years$1,928$1,470$1,106$823$606$155
26 years$1,834$1,382$1,026$752$546$131
27 years$1,748$1,300$953$689$493$110
28 years$1,667$1,225$886$631$444$93
29 years$1,592$1,156$824$579$401$78
30 years$1,523$1,092$768$531$363$66
31 years$1,458$1,032$716$488$328$56
32 years$1,397$976$668$448$297$47
33 years$1,340$925$623$412$268$39
34 years$1,286$876$582$379$243$33
35 years$1,236$831$545$349$220$28
36 years$1,188$789$509$322$199$24
37 years$1,143$749$477$296$181$20
38 years$1,101$712$447$273$164$17
39 years$1,061$677$418$252$149$14
40 years$1,023$644$392$232$135$12
41 years$987$613$368$214$122$10
42 years$952$584$345$198$111$9
43 years$920$556$324$183$101$7
44 years$889$530$304$169$91$6
45 years$859$506$285$156$83$5
46 years$831$483$268$144$75$4
47 years$804$460$252$133$68$4
48 years$778$440$237$123$62$3
49 years$754$420$222$113$56$3
50 years$730$401$209$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $748,000, adding $3,312 every year, while hoping to spend $42,827 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: 66/20/14 Blend
44$748,000$748,000$748,000$748,000
45$827,712$788,068$776,474$879,417
46$866,571$781,116$756,919$907,399
47$907,959$772,388$735,272$932,655
48$952,087$761,751$711,420$959,189
49$999,189$749,066$685,242$987,123
50$1,049,520$734,184$656,612$1,016,594
51$1,103,360$716,948$625,397$1,047,753
52$1,161,016$697,191$591,461$1,080,769
53$1,222,823$674,738$554,658$1,115,829
54$1,289,151$649,400$514,840$1,153,139
55$1,360,405$620,982$471,848$1,192,932
56$1,437,030$589,273$425,518$1,235,462
57$1,519,513$554,053$375,679$1,281,013
58$1,608,390$515,089$322,151$1,329,901
59$1,704,251$472,133$264,747$1,382,474
60$1,807,741$424,923$203,273$1,439,121
61$1,919,571$373,185$137,523$1,500,271
62$2,040,522$316,626$67,285$1,566,399
63$2,171,452$254,938$0$1,638,033
64$2,313,305$187,795$0$1,716,905
65$2,467,119$114,854$0$1,813,316
66$2,634,035$35,751$0$1,917,959
67$2,815,307$0$0$2,031,665
68$3,012,315$0$0$2,166,334
69$3,226,579$0$0$2,321,398
70$3,459,768$0$0$2,490,202
71$3,713,721$0$0$2,674,083
72$3,990,460$0$0$2,874,512
73$4,292,212$0$0$3,093,105
74$4,621,426$0$0$3,331,645
75$4,980,800$0$0$3,592,092
76$5,373,301$0$0$3,876,604
77$5,802,198$0$0$4,187,557
78$6,271,089$0$0$4,527,567
79$6,783,933$0$0$4,899,513
80$7,345,094$0$0$5,306,567
81$7,959,373$0$0$5,752,221
82$8,632,058$0$0$6,240,319
83$9,368,973$0$0$6,775,097
84$10,176,531$0$0$7,361,217
85$11,061,796$0$0$8,003,816
86$12,032,547$0$0$8,708,551
87$13,097,351$0$0$9,481,651
88$14,265,646$0$0$10,329,979
89$15,547,827$0$0$11,261,095
90$16,955,344$0$0$12,283,325
91$18,500,808$0$0$13,405,840
92$20,198,115$0$0$14,638,745
93$22,062,569$0$0$15,993,169
94$24,111,031$0$0$17,481,375
95$26,362,076$0$0$19,116,871
96$28,836,166$0$0$20,914,537
97$31,555,846$0$0$22,890,770
98$34,545,953$0$0$25,063,631
99$37,833,850$0$0$27,453,021
100$41,449,686$0$0$30,080,865