Can I retire at age 45 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$61,274$60,728$60,195$59,676$59,168$56,910
2 years$30,333$29,769$29,221$28,690$28,175$25,927
3 years$20,021$19,454$18,908$18,382$17,876$15,708
4 years$14,866$14,301$13,760$13,243$12,749$10,678
5 years$11,774$11,212$10,678$10,172$9,692$7,723
6 years$9,713$9,155$8,630$8,135$7,669$5,804
7 years$8,242$7,689$7,171$6,688$6,237$4,475
8 years$7,139$6,591$6,082$5,610$5,174$3,513
9 years$6,281$5,738$5,238$4,779$4,357$2,796
10 years$5,596$5,058$4,567$4,119$3,713$2,247
11 years$5,035$4,503$4,021$3,585$3,193$1,820
12 years$4,569$4,042$3,568$3,145$2,767$1,484
13 years$4,174$3,652$3,188$2,776$2,413$1,215
14 years$3,836$3,320$2,864$2,464$2,115$999
15 years$3,543$3,033$2,586$2,198$1,862$824
16 years$3,287$2,783$2,345$1,968$1,646$681
17 years$3,062$2,563$2,134$1,768$1,459$564
18 years$2,862$2,368$1,948$1,593$1,298$468
19 years$2,683$2,195$1,783$1,440$1,157$389
20 years$2,522$2,039$1,636$1,304$1,033$324
21 years$2,376$1,900$1,505$1,184$924$270
22 years$2,245$1,773$1,387$1,076$829$225
23 years$2,124$1,658$1,281$980$744$188
24 years$2,014$1,554$1,185$894$669$156
25 years$1,913$1,458$1,097$816$602$131
26 years$1,820$1,370$1,018$746$542$109
27 years$1,734$1,290$945$683$489$91
28 years$1,654$1,215$878$626$441$76
29 years$1,580$1,147$817$574$398$64
30 years$1,510$1,083$761$527$360$53
31 years$1,446$1,024$710$484$325$45
32 years$1,385$969$662$445$294$37
33 years$1,329$917$618$409$266$31
34 years$1,276$869$578$376$241$26
35 years$1,226$825$540$346$218$22
36 years$1,178$783$505$319$198$18
37 years$1,134$743$473$294$179$15
38 years$1,092$706$443$271$163$13
39 years$1,052$672$415$250$147$11
40 years$1,014$639$389$230$134$9
41 years$979$608$365$213$121$7
42 years$945$579$342$196$110$6
43 years$912$552$321$181$100$5
44 years$882$526$301$167$91$4
45 years$852$502$283$154$82$4
46 years$824$479$266$143$75$3
47 years$798$457$250$132$68$3
48 years$772$436$235$122$62$2
49 years$748$416$221$113$56$2
50 years$724$398$207$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $742,000, adding $4,571 every year, while hoping to spend $51,000 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: 83/8/9 Blend
44$742,000$742,000$742,000$742,000
45$822,399$783,073$771,572$889,267
46$852,020$767,180$743,156$917,785
47$882,953$748,799$712,079$941,802
48$915,278$727,754$678,197$966,613
49$949,082$703,859$641,362$992,266
50$984,458$676,918$601,417$1,018,819
51$1,021,507$646,721$558,199$1,046,329
52$1,060,338$613,048$511,537$1,074,864
53$1,101,072$575,667$461,253$1,104,496
54$1,143,837$534,330$407,160$1,135,305
55$1,188,774$488,777$349,065$1,167,381
56$1,236,034$438,733$286,764$1,200,820
57$1,285,783$383,905$220,045$1,235,731
58$1,338,204$323,986$148,686$1,272,232
59$1,393,490$258,652$72,458$1,310,454
60$1,451,859$187,558$0$1,350,543
61$1,513,541$110,341$0$1,393,513
62$1,578,794$26,620$0$1,446,167
63$1,647,895$0$0$1,501,761
64$1,721,149$0$0$1,566,173
65$1,798,887$0$0$1,637,022
66$1,881,473$0$0$1,712,297
67$1,969,304$0$0$1,792,361
68$2,062,816$0$0$1,877,613
69$2,162,484$0$0$1,968,487
70$2,268,830$0$0$2,065,459
71$2,382,425$0$0$2,169,053
72$2,503,895$0$0$2,279,841
73$2,633,927$0$0$2,398,449
74$2,773,273$0$0$2,525,566
75$2,922,759$0$0$2,661,947
76$3,083,290$0$0$2,808,421
77$3,255,862$0$0$2,965,895
78$3,441,566$0$0$3,135,370
79$3,641,600$0$0$3,317,939
80$3,857,281$0$0$3,514,808
81$4,090,055$0$0$3,727,298
82$4,341,510$0$0$3,956,863
83$4,613,394$0$0$4,205,098
84$4,907,625$0$0$4,473,760
85$5,226,313$0$0$4,764,777
86$5,571,777$0$0$5,080,270
87$5,946,569$0$0$5,422,573
88$6,353,493$0$0$5,794,250
89$6,795,636$0$0$6,198,123
90$7,276,390$0$0$6,637,297
91$7,799,491$0$0$7,115,185
92$8,369,047$0$0$7,635,547
93$8,989,579$0$0$8,202,515
94$9,666,062$0$0$8,820,640
95$10,403,972$0$0$9,494,931
96$11,209,337$0$0$10,230,898
97$12,088,789$0$0$11,034,610
98$13,049,632$0$0$11,912,746
99$14,099,907$0$0$12,872,659
100$15,248,465$0$0$13,922,444