Can I retire at age 45 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$60,613$60,073$59,546$59,032$58,530$57,395
2 years$30,006$29,448$28,906$28,381$27,872$26,733
3 years$19,806$19,244$18,704$18,184$17,683$16,576
4 years$14,706$14,147$13,612$13,100$12,612$11,545
5 years$11,647$11,091$10,563$10,062$9,587$8,563
6 years$9,609$9,057$8,537$8,047$7,586$6,607
7 years$8,153$7,606$7,094$6,616$6,169$5,235
8 years$7,062$6,520$6,016$5,550$5,118$4,228
9 years$6,214$5,676$5,182$4,727$4,310$3,463
10 years$5,536$5,004$4,518$4,075$3,672$2,869
11 years$4,981$4,454$3,977$3,546$3,158$2,396
12 years$4,519$3,998$3,530$3,111$2,737$2,016
13 years$4,129$3,613$3,154$2,746$2,387$1,705
14 years$3,794$3,284$2,834$2,438$2,092$1,449
15 years$3,505$3,000$2,558$2,174$1,842$1,236
16 years$3,252$2,753$2,319$1,947$1,628$1,058
17 years$3,029$2,535$2,111$1,749$1,444$908
18 years$2,831$2,342$1,927$1,576$1,284$781
19 years$2,654$2,171$1,764$1,424$1,144$673
20 years$2,495$2,017$1,619$1,290$1,022$581
21 years$2,351$1,879$1,489$1,171$914$502
22 years$2,220$1,754$1,372$1,064$820$434
23 years$2,101$1,641$1,267$969$736$376
24 years$1,992$1,537$1,172$884$661$326
25 years$1,892$1,442$1,085$807$595$283
26 years$1,800$1,356$1,007$738$536$245
27 years$1,715$1,276$935$676$483$213
28 years$1,636$1,202$869$619$436$185
29 years$1,563$1,134$809$568$394$161
30 years$1,494$1,071$753$521$356$140
31 years$1,430$1,013$702$479$322$122
32 years$1,370$958$655$440$291$106
33 years$1,314$907$612$404$263$92
34 years$1,262$860$572$372$238$80
35 years$1,212$816$534$343$216$70
36 years$1,166$774$500$316$196$61
37 years$1,122$735$468$291$177$53
38 years$1,080$699$438$268$161$46
39 years$1,041$664$410$247$146$40
40 years$1,003$632$385$228$132$35
41 years$968$602$361$210$120$31
42 years$934$573$338$194$109$27
43 years$903$546$318$179$99$23
44 years$872$521$298$165$90$20
45 years$843$496$280$153$81$18
46 years$815$473$263$141$74$15
47 years$789$452$247$130$67$13
48 years$764$431$232$120$61$12
49 years$740$412$218$111$55$10
50 years$717$393$205$103$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $734,000, adding $2,910 every year, while hoping to spend $38,344 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: 55/35/10 Blend
44$734,000$734,000$734,000$734,000
45$811,870$772,968$761,591$854,350
46$853,883$770,045$746,306$880,516
47$898,896$765,695$729,225$904,535
48$947,175$759,805$710,245$929,774
49$999,011$752,260$689,263$956,358
50$1,054,724$742,934$666,167$984,423
51$1,114,664$731,697$640,842$1,014,121
52$1,179,218$718,408$613,168$1,045,623
53$1,248,809$702,921$583,020$1,079,118
54$1,323,901$685,077$550,264$1,114,817
55$1,405,005$664,712$514,765$1,152,955
56$1,492,683$641,651$476,377$1,193,792
57$1,587,552$615,707$434,951$1,237,620
58$1,690,290$586,684$390,329$1,284,760
59$1,801,642$554,375$342,348$1,335,573
60$1,922,429$518,559$290,836$1,390,455
61$2,053,553$479,004$235,615$1,449,852
62$2,196,004$435,464$176,498$1,514,253
63$2,350,875$387,681$113,289$1,584,206
64$2,519,366$335,378$45,785$1,660,315
65$2,702,797$278,267$0$1,743,254
66$2,902,621$216,041$0$1,836,568
67$3,120,437$148,376$0$1,943,680
68$3,358,006$74,930$0$2,060,639
69$3,617,264$0$0$2,188,487
70$3,900,344$0$0$2,330,170
71$4,209,592$0$0$2,516,540
72$4,547,594$0$0$2,720,303
73$4,917,193$0$0$2,943,184
74$5,321,523$0$0$3,187,078
75$5,764,031$0$0$3,454,076
76$6,248,517$0$0$3,746,479
77$6,779,161$0$0$4,066,819
78$7,360,570$0$0$4,417,887
79$7,997,816$0$0$4,802,756
80$8,696,484$0$0$5,224,810
81$9,462,728$0$0$5,687,777
82$10,303,323$0$0$6,195,763
83$11,225,734$0$0$6,753,290
84$12,238,182$0$0$7,365,340
85$13,349,724$0$0$8,037,401
86$14,570,335$0$0$8,775,517
87$15,911,006$0$0$9,586,347
88$17,383,841$0$0$10,477,227
89$19,002,178$0$0$11,456,238
90$20,780,709$0$0$12,532,285
91$22,735,619$0$0$13,715,175
92$24,884,741$0$0$15,015,714
93$27,247,722$0$0$16,445,808
94$29,846,206$0$0$18,018,575
95$32,704,041$0$0$19,748,466
96$35,847,501$0$0$21,651,403
97$39,305,535$0$0$23,744,930
98$43,110,038$0$0$26,048,378
99$47,296,153$0$0$28,583,043
100$51,902,603$0$0$31,372,393