Can I retire at age 45 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$60,943$60,400$59,871$59,354$58,849$57,732
2 years$30,170$29,608$29,064$28,536$28,023$26,902
3 years$19,914$19,349$18,806$18,283$17,779$16,689
4 years$14,786$14,224$13,686$13,172$12,680$11,629
5 years$11,711$11,152$10,621$10,117$9,639$8,631
6 years$9,661$9,106$8,583$8,091$7,627$6,662
7 years$8,198$7,647$7,133$6,652$6,203$5,281
8 years$7,100$6,555$6,049$5,580$5,146$4,268
9 years$6,248$5,707$5,210$4,753$4,334$3,499
10 years$5,566$5,031$4,542$4,097$3,693$2,899
11 years$5,008$4,479$3,999$3,566$3,176$2,424
12 years$4,544$4,020$3,549$3,128$2,752$2,040
13 years$4,151$3,633$3,171$2,761$2,400$1,727
14 years$3,815$3,302$2,849$2,451$2,104$1,469
15 years$3,524$3,016$2,572$2,186$1,852$1,254
16 years$3,270$2,768$2,332$1,957$1,637$1,074
17 years$3,045$2,549$2,122$1,759$1,451$922
18 years$2,846$2,355$1,937$1,585$1,291$793
19 years$2,668$2,183$1,773$1,432$1,150$684
20 years$2,508$2,028$1,628$1,297$1,027$591
21 years$2,364$1,889$1,497$1,177$919$511
22 years$2,232$1,764$1,380$1,070$824$443
23 years$2,113$1,649$1,274$975$740$384
24 years$2,003$1,545$1,178$889$665$333
25 years$1,903$1,450$1,091$812$598$289
26 years$1,810$1,363$1,012$742$539$251
27 years$1,724$1,283$940$679$486$218
28 years$1,645$1,209$874$623$438$190
29 years$1,571$1,140$813$571$396$165
30 years$1,502$1,077$757$524$358$144
31 years$1,438$1,018$706$481$323$125
32 years$1,378$963$659$442$293$109
33 years$1,322$912$615$407$265$95
34 years$1,269$865$575$374$240$83
35 years$1,219$820$537$344$217$72
36 years$1,172$778$503$317$197$63
37 years$1,128$739$470$292$178$55
38 years$1,086$703$441$269$162$48
39 years$1,046$668$413$248$147$42
40 years$1,009$636$387$229$133$36
41 years$973$605$363$211$121$32
42 years$940$576$340$195$109$28
43 years$907$549$319$180$99$24
44 years$877$523$300$166$90$21
45 years$848$499$281$154$82$18
46 years$820$476$264$142$74$16
47 years$793$454$248$131$67$14
48 years$768$434$233$121$61$12
49 years$744$414$219$112$56$11
50 years$721$396$206$103$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $738,000, adding $2,398 every year, while hoping to spend $40,702 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: 59/35/6 Blend
44$738,000$738,000$738,000$738,000
45$815,750$776,636$765,197$862,779
46$855,649$771,384$747,524$889,330
47$898,255$764,511$727,895$913,399
48$943,799$755,894$706,202$938,613
49$992,537$745,404$682,330$965,085
50$1,044,749$732,902$656,162$992,938
51$1,100,743$718,243$627,572$1,022,312
52$1,160,855$701,273$596,432$1,053,361
53$1,225,455$681,829$562,606$1,086,256
54$1,294,949$659,736$525,951$1,121,190
55$1,369,784$634,813$486,320$1,158,377
56$1,450,448$606,866$443,558$1,198,054
57$1,537,480$575,688$397,504$1,240,485
58$1,631,471$541,064$347,987$1,285,965
59$1,733,069$502,765$294,833$1,334,822
60$1,842,989$460,547$237,857$1,387,418
61$1,962,014$414,154$176,866$1,444,158
62$2,091,008$363,316$111,659$1,505,491
63$2,230,919$307,747$42,028$1,571,915
64$2,382,789$247,143$0$1,643,985
65$2,547,766$181,185$0$1,724,382
66$2,727,112$109,537$0$1,814,726
67$2,922,214$31,841$0$1,913,095
68$3,134,601$0$0$2,020,346
69$3,365,951$0$0$2,157,558
70$3,618,116$0$0$2,320,536
71$3,893,130$0$0$2,498,340
72$4,193,233$0$0$2,692,425
73$4,520,891$0$0$2,904,393
74$4,878,819$0$0$3,136,008
75$5,270,005$0$0$3,389,212
76$5,697,738$0$0$3,666,142
77$6,165,641$0$0$3,969,154
78$6,677,702$0$0$4,300,837
79$7,238,313$0$0$4,664,048
80$7,852,311$0$0$5,061,929
81$8,525,020$0$0$5,497,941
82$9,262,306$0$0$5,975,897
83$10,070,630$0$0$6,499,996
84$10,957,105$0$0$7,074,860
85$11,929,567$0$0$7,705,585
86$12,996,648$0$0$8,397,780
87$14,167,854$0$0$9,157,625
88$15,453,658$0$0$9,991,927
89$16,865,596$0$0$10,908,185
90$18,416,375$0$0$11,914,660
91$20,119,993$0$0$13,020,451
92$21,991,873$0$0$14,235,583
93$24,049,003$0$0$15,571,100
94$26,310,101$0$0$17,039,170
95$28,795,785$0$0$18,653,198
96$31,528,774$0$0$20,427,952
97$34,534,096$0$0$22,379,702
98$37,839,326$0$0$24,526,376
99$41,474,847$0$0$26,887,725
100$45,474,132$0$0$29,485,511