Can I retire at age 45 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$62,265$61,710$61,169$60,641$60,125$59,032
2 years$30,824$30,250$29,694$29,154$28,631$27,534
3 years$20,345$19,769$19,214$18,679$18,165$17,097
4 years$15,107$14,532$13,983$13,457$12,955$11,926
5 years$11,965$11,393$10,851$10,337$9,848$8,860
6 years$9,871$9,304$8,769$8,266$7,793$6,847
7 years$8,375$7,813$7,287$6,796$6,338$5,434
8 years$7,254$6,697$6,180$5,701$5,258$4,396
9 years$6,383$5,831$5,323$4,856$4,428$3,608
10 years$5,686$5,140$4,641$4,186$3,773$2,994
11 years$5,117$4,576$4,086$3,643$3,245$2,506
12 years$4,642$4,107$3,626$3,195$2,812$2,112
13 years$4,241$3,711$3,240$2,821$2,452$1,790
14 years$3,898$3,374$2,911$2,504$2,149$1,524
15 years$3,600$3,082$2,628$2,233$1,892$1,303
16 years$3,341$2,828$2,383$2,000$1,672$1,118
17 years$3,111$2,604$2,168$1,797$1,483$961
18 years$2,908$2,406$1,979$1,619$1,319$828
19 years$2,726$2,230$1,812$1,463$1,175$715
20 years$2,563$2,072$1,663$1,325$1,050$619
21 years$2,415$1,930$1,530$1,203$939$536
22 years$2,281$1,802$1,410$1,093$842$465
23 years$2,159$1,685$1,302$996$756$403
24 years$2,047$1,579$1,204$908$679$351
25 years$1,944$1,482$1,115$829$611$305
26 years$1,849$1,393$1,034$758$551$265
27 years$1,762$1,311$960$694$496$231
28 years$1,681$1,235$893$636$448$201
29 years$1,605$1,165$831$583$405$175
30 years$1,535$1,100$774$535$366$153
31 years$1,469$1,040$721$492$330$133
32 years$1,408$984$673$452$299$116
33 years$1,350$932$628$415$271$102
34 years$1,296$883$587$382$245$89
35 years$1,245$838$549$352$222$77
36 years$1,198$795$514$324$201$68
37 years$1,152$755$481$299$182$59
38 years$1,110$718$450$275$165$52
39 years$1,069$683$422$254$150$45
40 years$1,031$649$395$234$136$39
41 years$994$618$371$216$123$34
42 years$960$589$348$199$112$30
43 years$927$561$326$184$101$26
44 years$896$535$306$170$92$23
45 years$866$510$288$157$84$20
46 years$838$486$270$145$76$17
47 years$811$464$254$134$69$15
48 years$785$443$238$124$63$13
49 years$760$423$224$114$57$12
50 years$736$404$211$106$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $754,000, adding $3,981 every year, while hoping to spend $56,948 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: 59/12/29 Blend
44$754,000$754,000$754,000$754,000
45$835,014$795,052$783,365$877,466
46$859,594$773,418$749,016$885,331
47$884,771$748,814$711,607$887,537
48$910,548$721,037$670,976$888,771
49$936,924$689,867$626,953$888,956
50$963,895$655,075$579,361$888,007
51$991,456$616,418$528,014$885,835
52$1,019,600$573,638$472,718$882,344
53$1,048,315$526,462$413,270$877,432
54$1,077,588$474,603$349,459$870,992
55$1,107,401$417,758$281,065$862,906
56$1,137,731$355,603$207,856$853,052
57$1,168,552$287,800$129,592$841,296
58$1,199,833$213,991$46,021$827,499
59$1,231,535$133,795$0$811,509
60$1,263,613$46,813$0$806,522
61$1,296,018$0$0$815,075
62$1,328,689$0$0$829,071
63$1,361,557$0$0$849,345
64$1,394,543$0$0$869,661
65$1,427,559$0$0$889,960
66$1,460,502$0$0$910,176
67$1,493,256$0$0$930,230
68$1,525,690$0$0$950,037
69$1,557,656$0$0$969,500
70$1,588,987$0$0$988,508
71$1,619,497$0$0$1,006,939
72$1,648,974$0$0$1,024,655
73$1,677,183$0$0$1,041,500
74$1,703,859$0$0$1,057,302
75$1,728,708$0$0$1,071,868
76$1,751,400$0$0$1,084,980
77$1,771,567$0$0$1,096,399
78$1,788,799$0$0$1,105,857
79$1,802,639$0$0$1,113,054
80$1,812,580$0$0$1,117,660
81$1,818,056$0$0$1,119,303
82$1,818,439$0$0$1,117,575
83$1,813,032$0$0$1,112,021
84$1,801,060$0$0$1,102,133
85$1,781,665$0$0$1,087,353
86$1,753,894$0$0$1,067,059
87$1,716,690$0$0$1,040,561
88$1,668,885$0$0$1,007,098
89$1,609,182$0$0$965,824
90$1,536,147$0$0$915,805
91$1,448,191$0$0$856,004
92$1,343,558$0$0$785,278
93$1,220,303$0$0$702,359
94$1,076,276$0$0$605,848
95$909,101$0$0$494,195
96$716,151$0$0$365,691
97$494,520$0$0$218,443
98$241,001$0$0$50,362
99$0$0$0$0
100$0$0$0$0