Can I retire at age 45 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$63,916$63,347$62,791$62,249$61,720$60,228
2 years$31,642$31,052$30,481$29,928$29,390$27,896
3 years$20,885$20,293$19,723$19,175$18,646$17,197
4 years$15,508$14,918$14,354$13,814$13,299$11,905
5 years$12,282$11,696$11,139$10,611$10,110$8,775
6 years$10,132$9,550$9,002$8,486$7,999$6,726
7 years$8,597$8,020$7,481$6,976$6,506$5,293
8 years$7,447$6,875$6,344$5,852$5,397$4,245
9 years$6,552$5,986$5,464$4,985$4,545$3,453
10 years$5,837$5,276$4,764$4,297$3,873$2,839
11 years$5,253$4,697$4,194$3,740$3,331$2,353
12 years$4,766$4,216$3,722$3,280$2,886$1,964
13 years$4,354$3,810$3,325$2,896$2,517$1,649
14 years$4,001$3,463$2,988$2,571$2,206$1,390
15 years$3,696$3,164$2,698$2,293$1,943$1,176
16 years$3,429$2,903$2,446$2,053$1,717$997
17 years$3,194$2,673$2,226$1,844$1,522$848
18 years$2,985$2,470$2,032$1,662$1,354$723
19 years$2,798$2,289$1,860$1,502$1,206$618
20 years$2,631$2,127$1,707$1,360$1,078$528
21 years$2,479$1,981$1,570$1,235$964$452
22 years$2,341$1,850$1,447$1,122$864$388
23 years$2,216$1,730$1,336$1,022$776$333
24 years$2,101$1,621$1,236$932$697$286
25 years$1,995$1,521$1,144$851$628$246
26 years$1,898$1,430$1,061$779$565$211
27 years$1,808$1,345$986$713$510$182
28 years$1,725$1,268$916$653$460$156
29 years$1,648$1,196$853$599$415$135
30 years$1,576$1,129$794$550$375$116
31 years$1,508$1,068$740$505$339$100
32 years$1,445$1,010$691$464$307$86
33 years$1,386$957$645$427$278$74
34 years$1,331$907$603$392$251$64
35 years$1,278$860$563$361$228$55
36 years$1,229$816$527$333$206$47
37 years$1,183$775$493$307$187$41
38 years$1,139$737$462$283$170$35
39 years$1,098$701$433$261$154$30
40 years$1,058$667$406$240$139$26
41 years$1,021$635$380$222$127$23
42 years$985$604$357$205$115$20
43 years$952$576$335$189$104$17
44 years$920$549$314$174$95$15
45 years$889$523$295$161$86$13
46 years$860$499$277$149$78$11
47 years$832$476$260$137$71$9
48 years$805$455$245$127$64$8
49 years$780$434$230$117$58$7
50 years$756$415$216$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $774,000, adding $6,997 every year, while hoping to spend $44,311 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: 61/31/8 Blend
44$774,000$774,000$774,000$774,000
45$860,165$819,143$807,146$910,754
46$900,756$812,135$787,039$938,453
47$944,001$803,298$764,773$962,927
48$990,126$792,496$740,230$988,514
49$1,039,375$779,584$713,284$1,015,320
50$1,092,017$764,410$683,805$1,043,466
51$1,148,348$746,812$651,658$1,073,087
52$1,208,691$726,616$616,699$1,104,331
53$1,273,399$703,642$578,780$1,137,367
54$1,342,862$677,698$537,746$1,172,380
55$1,417,508$648,578$493,434$1,209,577
56$1,497,804$616,069$445,674$1,249,190
57$1,584,265$579,941$394,290$1,291,477
58$1,677,456$539,954$339,094$1,336,722
59$1,777,998$495,853$279,895$1,385,245
60$1,886,572$447,369$216,491$1,437,400
61$2,003,929$394,216$148,669$1,493,581
62$2,130,891$336,094$76,211$1,554,225
63$2,268,364$272,685$0$1,619,819
64$2,417,343$203,652$0$1,690,999
65$2,578,922$128,642$0$1,775,216
66$2,754,306$47,279$0$1,866,647
67$2,944,817$0$0$1,966,052
68$3,151,911$0$0$2,088,204
69$3,377,192$0$0$2,238,678
70$3,622,419$0$0$2,402,532
71$3,889,534$0$0$2,581,067
72$4,180,670$0$0$2,775,718
73$4,498,176$0$0$2,988,061
74$4,844,635$0$0$3,219,833
75$5,222,895$0$0$3,472,947
76$5,636,087$0$0$3,749,506
77$6,087,658$0$0$4,051,827
78$6,581,405$0$0$4,382,461
79$7,121,509$0$0$4,744,216
80$7,712,569$0$0$5,140,184
81$8,359,655$0$0$5,573,771
82$9,068,347$0$0$6,048,726
83$9,844,789$0$0$6,569,179
84$10,695,750$0$0$7,139,679
85$11,628,683$0$0$7,765,233
86$12,651,796$0$0$8,451,358
87$13,774,133$0$0$9,204,132
88$15,005,651$0$0$10,030,247
89$16,357,320$0$0$10,937,076
90$17,841,225$0$0$11,932,739
91$19,470,674$0$0$13,026,182
92$21,260,331$0$0$14,227,260
93$23,226,348$0$0$15,546,828
94$25,386,519$0$0$16,996,847
95$27,760,446$0$0$18,590,491
96$30,369,726$0$0$20,342,276
97$33,238,150$0$0$22,268,193
98$36,391,931$0$0$24,385,861
99$39,859,948$0$0$26,714,689
100$43,674,017$0$0$29,276,064