Can I retire at age 45 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$62,430$61,874$61,331$60,802$60,285$59,605
2 years$30,906$30,330$29,772$29,232$28,707$28,023
3 years$20,399$19,821$19,265$18,729$18,213$17,546
4 years$15,147$14,571$14,020$13,493$12,990$12,344
5 years$11,996$11,424$10,880$10,364$9,874$9,253
6 years$9,897$9,328$8,793$8,288$7,813$7,216
7 years$8,398$7,834$7,307$6,814$6,354$5,782
8 years$7,274$6,715$6,197$5,716$5,272$4,724
9 years$6,400$5,847$5,337$4,869$4,439$3,916
10 years$5,701$5,154$4,653$4,197$3,783$3,283
11 years$5,130$4,588$4,096$3,653$3,253$2,778
12 years$4,655$4,118$3,636$3,204$2,819$2,367
13 years$4,253$3,721$3,248$2,829$2,458$2,029
14 years$3,908$3,383$2,918$2,511$2,155$1,747
15 years$3,610$3,090$2,635$2,239$1,897$1,511
16 years$3,349$2,835$2,389$2,005$1,677$1,311
17 years$3,120$2,611$2,174$1,802$1,487$1,141
18 years$2,916$2,413$1,984$1,624$1,322$996
19 years$2,733$2,236$1,817$1,467$1,178$871
20 years$2,569$2,078$1,667$1,329$1,053$763
21 years$2,421$1,935$1,534$1,206$942$669
22 years$2,287$1,807$1,413$1,096$844$588
23 years$2,164$1,690$1,305$998$758$517
24 years$2,052$1,583$1,207$911$681$455
25 years$1,949$1,486$1,118$832$613$401
26 years$1,854$1,396$1,037$760$552$354
27 years$1,766$1,314$963$696$498$312
28 years$1,685$1,238$895$638$449$276
29 years$1,609$1,168$833$585$406$244
30 years$1,539$1,103$776$537$366$216
31 years$1,473$1,043$723$493$331$191
32 years$1,412$987$675$453$300$169
33 years$1,354$935$630$417$271$149
34 years$1,300$886$589$383$246$132
35 years$1,249$840$550$353$222$117
36 years$1,201$797$515$325$202$104
37 years$1,155$757$482$299$183$92
38 years$1,113$720$451$276$166$81
39 years$1,072$684$423$254$150$72
40 years$1,034$651$396$235$136$64
41 years$997$620$372$217$124$57
42 years$962$590$349$200$112$50
43 years$930$562$327$184$102$45
44 years$898$536$307$170$92$40
45 years$868$511$288$157$84$35
46 years$840$488$271$145$76$31
47 years$813$465$254$134$69$28
48 years$787$444$239$124$63$24
49 years$762$424$225$115$57$22
50 years$738$405$211$106$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $756,000, adding $5,611 every year, while hoping to spend $54,034 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: 75/18/7 Blend
44$756,000$756,000$756,000$756,000
45$838,900$798,832$787,114$900,622
46$866,976$780,483$755,990$923,658
47$896,105$759,424$722,013$941,458
48$926,336$735,465$685,030$959,409
49$957,725$708,405$644,881$977,506
50$990,328$678,031$601,399$995,746
51$1,024,206$644,119$554,410$1,014,123
52$1,059,425$606,431$503,733$1,032,634
53$1,096,054$564,715$449,176$1,051,276
54$1,134,170$518,704$390,542$1,070,046
55$1,173,853$468,118$327,623$1,088,944
56$1,215,189$412,659$260,201$1,107,969
57$1,258,272$352,013$188,052$1,127,123
58$1,303,203$285,848$110,938$1,146,409
59$1,350,088$213,814$28,614$1,165,833
60$1,399,046$135,539$0$1,185,403
61$1,450,202$50,634$0$1,209,555
62$1,503,691$0$0$1,236,446
63$1,559,663$0$0$1,272,161
64$1,618,275$0$0$1,320,072
65$1,679,700$0$0$1,370,291
66$1,744,127$0$0$1,422,973
67$1,811,757$0$0$1,478,285
68$1,882,812$0$0$1,536,410
69$1,957,532$0$0$1,597,544
70$2,036,177$0$0$1,661,903
71$2,119,032$0$0$1,729,721
72$2,206,406$0$0$1,801,254
73$2,298,636$0$0$1,876,778
74$2,396,090$0$0$1,956,598
75$2,499,168$0$0$2,041,043
76$2,608,308$0$0$2,130,475
77$2,723,989$0$0$2,225,288
78$2,846,733$0$0$2,325,914
79$2,977,110$0$0$2,432,824
80$3,115,747$0$0$2,546,532
81$3,263,326$0$0$2,667,604
82$3,420,596$0$0$2,796,658
83$3,588,376$0$0$2,934,369
84$3,767,565$0$0$3,081,478
85$3,959,146$0$0$3,238,799
86$4,164,198$0$0$3,407,221
87$4,383,904$0$0$3,587,721
88$4,619,560$0$0$3,781,371
89$4,872,592$0$0$3,989,346
90$5,144,560$0$0$4,212,935
91$5,437,181$0$0$4,453,556
92$5,752,337$0$0$4,712,764
93$6,092,096$0$0$4,992,267
94$6,458,732$0$0$5,293,941
95$6,854,739$0$0$5,619,849
96$7,282,861$0$0$5,972,256
97$7,746,114$0$0$6,353,652
98$8,247,810$0$0$6,766,777
99$8,791,595$0$0$7,214,639
100$9,381,475$0$0$7,700,548