Can I retire at age 45 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$61,191$60,646$60,114$59,595$59,088$58,741
2 years$30,293$29,728$29,182$28,652$28,137$27,786
3 years$19,994$19,428$18,882$18,357$17,851$17,508
4 years$14,846$14,282$13,742$13,225$12,732$12,399
5 years$11,758$11,197$10,664$10,158$9,679$9,357
6 years$9,700$9,143$8,618$8,124$7,658$7,349
7 years$8,231$7,678$7,162$6,679$6,228$5,931
8 years$7,129$6,582$6,074$5,603$5,167$4,881
9 years$6,273$5,731$5,231$4,772$4,351$4,078
10 years$5,588$5,051$4,561$4,114$3,708$3,446
11 years$5,029$4,497$4,015$3,580$3,189$2,938
12 years$4,562$4,036$3,563$3,140$2,763$2,524
13 years$4,168$3,647$3,184$2,772$2,410$2,182
14 years$3,831$3,315$2,861$2,461$2,112$1,895
15 years$3,538$3,029$2,583$2,195$1,860$1,654
16 years$3,283$2,779$2,342$1,965$1,644$1,448
17 years$3,058$2,559$2,131$1,766$1,457$1,271
18 years$2,858$2,365$1,945$1,591$1,296$1,120
19 years$2,679$2,192$1,781$1,438$1,155$988
20 years$2,518$2,037$1,634$1,302$1,032$874
21 years$2,373$1,897$1,503$1,182$923$774
22 years$2,242$1,771$1,385$1,075$828$687
23 years$2,121$1,656$1,279$979$743$610
24 years$2,011$1,552$1,183$893$668$543
25 years$1,910$1,456$1,096$815$601$483
26 years$1,817$1,369$1,016$745$541$430
27 years$1,731$1,288$944$682$488$384
28 years$1,652$1,214$877$625$440$343
29 years$1,577$1,145$816$573$398$306
30 years$1,508$1,081$760$526$359$273
31 years$1,444$1,022$709$483$325$244
32 years$1,384$967$661$444$294$219
33 years$1,327$916$618$408$266$195
34 years$1,274$868$577$376$241$175
35 years$1,224$823$539$346$218$157
36 years$1,177$782$505$319$198$140
37 years$1,132$742$472$293$179$126
38 years$1,090$705$442$270$162$113
39 years$1,051$671$414$249$147$101
40 years$1,013$638$388$230$134$90
41 years$977$608$364$212$121$81
42 years$943$579$342$196$110$73
43 years$911$551$321$181$100$65
44 years$880$525$301$167$91$58
45 years$851$501$283$154$82$52
46 years$823$478$265$142$75$47
47 years$797$456$249$132$68$42
48 years$771$435$234$122$62$38
49 years$747$416$220$112$56$34
50 years$723$397$207$104$51$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $741,000, adding $6,429 every year, while hoping to spend $36,326 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: 46/28/26 Blend
44$741,000$741,000$741,000$741,000
45$823,214$783,941$772,455$854,669
46$868,531$783,703$759,682$877,279
47$917,253$782,236$745,263$897,757
48$969,689$779,442$729,105$919,262
49$1,026,178$775,215$711,111$941,911
50$1,087,092$769,445$691,178$965,831
51$1,152,842$762,014$669,198$991,168
52$1,223,876$752,798$645,061$1,018,082
53$1,300,689$741,663$618,648$1,046,754
54$1,383,825$728,469$589,838$1,077,385
55$1,473,880$713,069$558,503$1,110,201
56$1,571,511$695,305$524,508$1,145,451
57$1,677,440$675,010$487,714$1,183,416
58$1,792,462$652,008$447,976$1,224,407
59$1,917,450$626,113$405,139$1,268,772
60$2,053,364$597,127$359,045$1,316,896
61$2,201,261$564,841$309,528$1,369,210
62$2,362,306$529,034$256,414$1,426,192
63$2,537,778$489,473$199,520$1,488,373
64$2,729,085$445,911$138,657$1,556,343
65$2,937,777$398,086$73,628$1,630,760
66$3,165,562$345,724$4,226$1,712,352
67$3,414,316$288,532$0$1,801,927
68$3,686,109$226,202$0$1,919,757
69$3,983,215$158,409$0$2,049,974
70$4,308,142$84,810$0$2,192,573
71$4,663,648$5,041$0$2,348,846
72$5,052,772$0$0$2,520,220
73$5,478,860$0$0$2,733,315
74$5,945,597$0$0$2,968,526
75$6,457,039$0$0$3,226,355
76$7,017,655$0$0$3,509,067
77$7,632,368$0$0$3,819,155
78$8,306,596$0$0$4,159,365
79$9,046,311$0$0$4,532,722
80$9,858,090$0$0$4,942,558
81$10,749,174$0$0$5,392,543
82$11,727,545$0$0$5,886,721
83$12,801,991$0$0$6,429,546
84$13,982,195$0$0$7,025,924
85$15,278,823$0$0$7,681,260
86$16,703,627$0$0$8,401,509
87$18,269,550$0$0$9,193,231
88$19,990,856$0$0$10,063,655
89$21,883,256$0$0$11,020,742
90$23,964,061$0$0$12,073,265
91$26,252,343$0$0$13,230,891
92$28,769,113$0$0$14,504,269
93$31,537,524$0$0$15,905,131
94$34,583,082$0$0$17,446,407
95$37,933,892$0$0$19,142,339
96$41,620,920$0$0$21,008,623
97$45,678,285$0$0$23,062,552
98$50,143,580$0$0$25,323,180
99$55,058,227$0$0$27,811,501
100$60,467,868$0$0$30,550,650