Can I retire at age 45 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$61,109$60,564$60,033$59,515$59,009$58,320
2 years$30,252$29,688$29,142$28,613$28,099$27,406
3 years$19,967$19,402$18,857$18,333$17,827$17,151
4 years$14,826$14,262$13,723$13,208$12,715$12,060
5 years$11,743$11,182$10,650$10,145$9,665$9,035
6 years$9,687$9,131$8,607$8,113$7,648$7,043
7 years$8,220$7,668$7,152$6,670$6,220$5,640
8 years$7,120$6,573$6,066$5,595$5,160$4,605
9 years$6,265$5,723$5,224$4,766$4,345$3,815
10 years$5,581$5,044$4,555$4,108$3,703$3,197
11 years$5,022$4,491$4,010$3,575$3,184$2,703
12 years$4,556$4,031$3,559$3,136$2,759$2,302
13 years$4,163$3,643$3,179$2,769$2,406$1,971
14 years$3,826$3,311$2,857$2,458$2,109$1,697
15 years$3,534$3,025$2,579$2,192$1,857$1,467
16 years$3,278$2,775$2,338$1,963$1,641$1,272
17 years$3,054$2,556$2,128$1,763$1,455$1,106
18 years$2,854$2,362$1,942$1,589$1,294$964
19 years$2,675$2,189$1,778$1,436$1,153$843
20 years$2,515$2,034$1,632$1,301$1,030$737
21 years$2,370$1,894$1,501$1,180$922$647
22 years$2,238$1,768$1,383$1,073$826$568
23 years$2,119$1,654$1,277$977$742$499
24 years$2,009$1,550$1,181$891$667$439
25 years$1,908$1,454$1,094$814$600$387
26 years$1,815$1,367$1,015$744$540$341
27 years$1,729$1,286$942$681$487$300
28 years$1,649$1,212$876$624$440$265
29 years$1,575$1,143$815$572$397$234
30 years$1,506$1,080$759$525$359$207
31 years$1,442$1,021$708$483$324$183
32 years$1,382$966$661$443$293$162
33 years$1,325$915$617$408$266$143
34 years$1,272$867$576$375$240$126
35 years$1,222$822$539$345$218$112
36 years$1,175$780$504$318$197$99
37 years$1,131$741$472$293$179$88
38 years$1,089$704$442$270$162$78
39 years$1,049$670$414$249$147$69
40 years$1,012$637$388$230$133$61
41 years$976$607$364$212$121$54
42 years$942$578$341$196$110$48
43 years$910$551$320$181$100$42
44 years$879$525$301$167$90$37
45 years$850$500$282$154$82$33
46 years$822$477$265$142$75$29
47 years$796$456$249$131$68$26
48 years$770$435$234$121$61$23
49 years$746$415$220$112$56$20
50 years$722$397$207$104$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $740,000, adding $6,755 every year, while hoping to spend $29,039 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: 77/17/6 Blend
44$740,000$740,000$740,000$740,000
45$822,448$783,228$771,758$884,790
46$875,440$790,709$766,714$934,143
47$932,865$797,583$760,529$983,799
48$995,142$803,790$753,132$1,037,381
49$1,062,737$809,266$744,452$1,095,268
50$1,136,158$813,942$734,413$1,157,875
51$1,215,966$817,745$722,936$1,225,660
52$1,302,778$820,598$709,938$1,299,127
53$1,397,272$822,418$695,332$1,378,833
54$1,500,196$823,119$679,027$1,465,389
55$1,612,371$822,606$660,929$1,559,471
56$1,734,701$820,782$640,938$1,661,822
57$1,868,181$817,541$618,951$1,773,262
58$2,013,907$812,772$594,857$1,894,694
59$2,173,085$806,358$568,545$2,027,113
60$2,347,043$798,172$539,894$2,171,616
61$2,537,242$788,084$508,781$2,329,413
62$2,745,292$775,951$475,077$2,501,835
63$2,972,964$761,625$438,644$2,690,353
64$3,222,210$744,948$399,342$2,896,583
65$3,495,178$725,752$357,022$3,122,311
66$3,794,234$703,862$311,531$3,369,504
67$4,121,984$679,090$262,705$3,640,328
68$4,481,298$651,237$210,378$3,937,175
69$4,875,337$620,094$154,371$4,262,676
70$5,307,581$585,438$94,502$4,619,737
71$5,781,865$547,036$30,579$5,011,556
72$6,302,413$504,638$0$5,441,661
73$6,873,877$457,983$0$5,916,350
74$7,501,382$406,794$0$6,439,745
75$8,190,573$350,777$0$7,014,624
76$8,947,669$289,622$0$7,646,209
77$9,779,521$223,003$0$8,340,254
78$10,693,677$150,575$0$9,103,104
79$11,698,450$71,972$0$9,941,748
80$12,803,002$0$0$10,863,890
81$14,017,425$0$0$11,880,490
82$15,352,837$0$0$13,013,204
83$16,821,488$0$0$14,258,963
84$18,436,876$0$0$15,629,220
85$20,213,871$0$0$17,136,592
86$22,168,857$0$0$18,794,981
87$24,319,886$0$0$20,619,706
88$26,686,849$0$0$22,627,643
89$29,291,662$0$0$24,837,389
90$32,158,472$0$0$27,269,433
91$35,313,888$0$0$29,946,352
92$38,787,226$0$0$32,893,023
93$42,610,792$0$0$36,136,858
94$46,820,180$0$0$39,708,059
95$51,454,613$0$0$43,639,907
96$56,557,310$0$0$47,969,076
97$62,175,892$0$0$52,735,973
98$68,362,838$0$0$57,985,127
99$75,175,969$0$0$63,765,601
100$82,679,003$0$0$70,131,463