Can I retire at age 45 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$62,182$61,628$61,088$60,560$60,045$58,310
2 years$30,783$30,210$29,654$29,116$28,593$26,859
3 years$20,318$19,742$19,188$18,655$18,141$16,461
4 years$15,087$14,513$13,964$13,440$12,938$11,327
5 years$11,949$11,378$10,837$10,323$9,835$8,297
6 years$9,857$9,291$8,758$8,255$7,782$6,317
7 years$8,364$7,803$7,278$6,787$6,329$4,938
8 years$7,245$6,688$6,172$5,694$5,251$3,933
9 years$6,375$5,823$5,316$4,850$4,422$3,175
10 years$5,679$5,133$4,635$4,180$3,768$2,591
11 years$5,110$4,570$4,080$3,638$3,240$2,132
12 years$4,636$4,101$3,621$3,191$2,808$1,765
13 years$4,236$3,707$3,235$2,817$2,449$1,470
14 years$3,893$3,369$2,907$2,501$2,146$1,229
15 years$3,596$3,078$2,624$2,230$1,890$1,031
16 years$3,336$2,824$2,379$1,997$1,670$867
17 years$3,107$2,601$2,165$1,794$1,481$731
18 years$2,904$2,403$1,977$1,617$1,317$618
19 years$2,722$2,227$1,809$1,461$1,174$523
20 years$2,559$2,070$1,661$1,323$1,048$443
21 years$2,412$1,928$1,527$1,201$938$376
22 years$2,278$1,799$1,408$1,092$841$319
23 years$2,156$1,683$1,300$995$755$271
24 years$2,044$1,577$1,202$907$678$231
25 years$1,941$1,480$1,113$828$611$196
26 years$1,847$1,391$1,033$757$550$167
27 years$1,759$1,309$959$693$496$143
28 years$1,678$1,233$891$635$447$121
29 years$1,603$1,164$830$583$404$104
30 years$1,533$1,099$773$535$365$88
31 years$1,467$1,039$720$491$330$75
32 years$1,406$983$672$451$299$64
33 years$1,349$931$628$415$270$55
34 years$1,295$882$586$382$245$47
35 years$1,244$837$548$351$222$40
36 years$1,196$794$513$324$201$34
37 years$1,151$754$480$298$182$29
38 years$1,108$717$449$275$165$25
39 years$1,068$682$421$253$150$21
40 years$1,029$649$395$234$136$18
41 years$993$617$370$216$123$15
42 years$959$588$347$199$112$13
43 years$926$560$326$184$101$11
44 years$895$534$306$170$92$10
45 years$865$509$287$157$84$8
46 years$837$486$270$145$76$7
47 years$809$464$253$134$69$6
48 years$784$443$238$124$63$5
49 years$759$423$224$114$57$4
50 years$735$404$210$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $753,000, adding $4,348 every year, while hoping to spend $42,207 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: 43/28/29 Blend
44$753,000$753,000$753,000$753,000
45$834,291$794,382$782,710$862,951
46$874,481$788,399$764,023$877,961
47$917,355$780,708$743,296$889,902
48$963,144$771,181$720,414$902,041
49$1,012,098$759,682$695,261$914,423
50$1,064,492$746,067$667,713$927,100
51$1,120,630$730,183$637,641$940,131
52$1,180,841$711,870$604,909$953,584
53$1,245,491$690,955$569,377$967,541
54$1,314,976$667,257$530,897$982,092
55$1,389,737$640,586$489,315$997,344
56$1,470,253$610,737$444,470$1,013,415
57$1,557,052$577,497$396,193$1,030,443
58$1,650,716$540,639$344,310$1,048,584
59$1,751,881$499,922$288,636$1,068,015
60$1,861,247$455,093$228,980$1,088,934
61$1,979,585$405,883$165,142$1,111,570
62$2,107,741$352,010$96,912$1,136,176
63$2,246,646$293,173$24,074$1,163,042
64$2,397,322$229,057$0$1,192,490
65$2,560,894$159,326$0$1,241,487
66$2,738,602$83,629$0$1,302,869
67$2,931,804$1,593$0$1,369,713
68$3,142,001$0$0$1,442,613
69$3,370,839$0$0$1,549,087
70$3,620,131$0$0$1,665,697
71$3,891,873$0$0$1,792,899
72$4,188,262$0$0$1,931,729
73$4,511,713$0$0$2,083,333
74$4,864,889$0$0$2,248,969
75$5,250,717$0$0$2,430,024
76$5,672,423$0$0$2,628,024
77$6,133,556$0$0$2,844,649
78$6,638,024$0$0$3,081,750
79$7,190,132$0$0$3,341,364
80$7,794,619$0$0$3,625,735
81$8,456,702$0$0$3,937,333
82$9,182,129$0$0$4,278,881
83$9,977,230$0$0$4,653,374
84$10,848,974$0$0$5,064,114
85$11,805,040$0$0$5,514,736
86$12,853,882$0$0$6,009,246
87$14,004,816$0$0$6,552,054
88$15,268,099$0$0$7,148,019
89$16,655,033$0$0$7,802,493
90$18,178,066$0$0$8,521,374
91$19,850,912$0$0$9,311,155
92$21,688,677$0$0$10,178,993
93$23,708,002$0$0$11,132,771
94$25,927,222$0$0$12,181,173
95$28,366,533$0$0$13,333,767
96$31,048,188$0$0$14,601,094
97$33,996,703$0$0$15,994,768
98$37,239,086$0$0$17,527,585
99$40,805,097$0$0$19,213,641
100$44,727,520$0$0$21,068,469