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%19%
1 years$62,430$61,874$61,331$60,802$60,285$58,099
2 years$30,906$30,330$29,772$29,232$28,707$26,529
3 years$20,399$19,821$19,265$18,729$18,213$16,111
4 years$15,147$14,571$14,020$13,493$12,990$10,980
5 years$11,996$11,424$10,880$10,364$9,874$7,963
6 years$9,897$9,328$8,793$8,288$7,813$6,000
7 years$8,398$7,834$7,307$6,814$6,354$4,640
8 years$7,274$6,715$6,197$5,716$5,272$3,654
9 years$6,400$5,847$5,337$4,869$4,439$2,916
10 years$5,701$5,154$4,653$4,197$3,783$2,351
11 years$5,130$4,588$4,096$3,653$3,253$1,911
12 years$4,655$4,118$3,636$3,204$2,819$1,563
13 years$4,253$3,721$3,248$2,829$2,458$1,284
14 years$3,908$3,383$2,918$2,511$2,155$1,059
15 years$3,610$3,090$2,635$2,239$1,897$877
16 years$3,349$2,835$2,389$2,005$1,677$728
17 years$3,120$2,611$2,174$1,802$1,487$605
18 years$2,916$2,413$1,984$1,624$1,322$504
19 years$2,733$2,236$1,817$1,467$1,178$421
20 years$2,569$2,078$1,667$1,329$1,053$351
21 years$2,421$1,935$1,534$1,206$942$294
22 years$2,287$1,807$1,413$1,096$844$246
23 years$2,164$1,690$1,305$998$758$206
24 years$2,052$1,583$1,207$911$681$172
25 years$1,949$1,486$1,118$832$613$145
26 years$1,854$1,396$1,037$760$552$121
27 years$1,766$1,314$963$696$498$102
28 years$1,685$1,238$895$638$449$85
29 years$1,609$1,168$833$585$406$72
30 years$1,539$1,103$776$537$366$60
31 years$1,473$1,043$723$493$331$50
32 years$1,412$987$675$453$300$42
33 years$1,354$935$630$417$271$36
34 years$1,300$886$589$383$246$30
35 years$1,249$840$550$353$222$25
36 years$1,201$797$515$325$202$21
37 years$1,155$757$482$299$183$18
38 years$1,113$720$451$276$166$15
39 years$1,072$684$423$254$150$13
40 years$1,034$651$396$235$136$11
41 years$997$620$372$217$124$9
42 years$962$590$349$200$112$7
43 years$930$562$327$184$102$6
44 years$898$536$307$170$92$5
45 years$868$511$288$157$84$4
46 years$840$488$271$145$76$4
47 years$813$465$254$134$69$3
48 years$787$444$239$124$63$3
49 years$762$424$225$115$57$2
50 years$738$405$211$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $756,000, adding $5,182 every year, while hoping to spend $55,986 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: 68/7/25 Blend
44$756,000$756,000$756,000$756,000
45$838,457$798,389$786,671$889,754
46$864,411$777,942$753,456$904,389
47$891,136$754,616$717,252$913,500
48$918,651$728,211$677,899$922,170
49$946,977$698,517$635,232$930,353
50$976,132$665,307$589,075$938,004
51$1,006,137$628,347$539,249$945,072
52$1,037,011$587,384$485,562$951,507
53$1,068,774$542,154$427,816$957,251
54$1,101,445$492,376$365,804$962,245
55$1,135,044$437,754$299,310$966,427
56$1,169,590$377,975$228,109$969,729
57$1,205,101$312,708$151,963$972,080
58$1,241,594$241,604$70,627$973,405
59$1,279,087$164,293$0$973,622
60$1,317,597$80,386$0$976,961
61$1,357,137$0$0$999,402
62$1,397,723$0$0$1,022,875
63$1,439,367$0$0$1,053,308
64$1,482,079$0$0$1,084,518
65$1,525,869$0$0$1,116,511
66$1,570,742$0$0$1,149,289
67$1,616,704$0$0$1,182,857
68$1,663,755$0$0$1,217,212
69$1,711,892$0$0$1,252,354
70$1,761,110$0$0$1,288,277
71$1,811,399$0$0$1,324,971
72$1,862,743$0$0$1,362,425
73$1,915,120$0$0$1,400,621
74$1,968,506$0$0$1,439,540
75$2,022,865$0$0$1,479,153
76$2,078,156$0$0$1,519,430
77$2,134,329$0$0$1,560,332
78$2,191,324$0$0$1,601,811
79$2,249,071$0$0$1,643,815
80$2,307,486$0$0$1,686,280
81$2,366,473$0$0$1,729,133
82$2,425,920$0$0$1,772,288
83$2,485,701$0$0$1,815,649
84$2,545,667$0$0$1,859,104
85$2,605,653$0$0$1,902,526
86$2,665,468$0$0$1,945,773
87$2,724,896$0$0$1,988,679
88$2,783,693$0$0$2,031,062
89$2,841,585$0$0$2,072,714
90$2,898,261$0$0$2,113,400
91$2,953,373$0$0$2,152,858
92$3,006,531$0$0$2,190,794
93$3,057,297$0$0$2,226,877
94$3,105,179$0$0$2,260,738
95$3,149,631$0$0$2,291,964
96$3,190,040$0$0$2,320,095
97$3,225,724$0$0$2,344,618
98$3,255,922$0$0$2,364,960
99$3,279,787$0$0$2,380,484
100$3,296,377$0$0$2,390,483