Can I retire at age 45 with 744,000?

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 $744,000?

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$61,439$60,892$60,358$59,836$59,328$58,177
2 years$30,415$29,849$29,300$28,768$28,251$27,097
3 years$20,075$19,507$18,959$18,432$17,924$16,802
4 years$14,907$14,339$13,797$13,279$12,783$11,702
5 years$11,806$11,242$10,707$10,200$9,718$8,680
6 years$9,740$9,180$8,653$8,157$7,689$6,697
7 years$8,264$7,709$7,191$6,706$6,253$5,306
8 years$7,158$6,608$6,098$5,626$5,188$4,285
9 years$6,298$5,754$5,252$4,792$4,369$3,511
10 years$5,611$5,072$4,579$4,130$3,723$2,908
11 years$5,049$4,515$4,031$3,595$3,202$2,429
12 years$4,581$4,052$3,578$3,153$2,774$2,043
13 years$4,185$3,662$3,197$2,784$2,419$1,729
14 years$3,846$3,329$2,872$2,471$2,121$1,469
15 years$3,553$3,041$2,593$2,204$1,867$1,253
16 years$3,296$2,790$2,351$1,973$1,650$1,072
17 years$3,070$2,570$2,139$1,773$1,463$920
18 years$2,869$2,374$1,953$1,598$1,301$791
19 years$2,690$2,201$1,788$1,444$1,160$682
20 years$2,529$2,045$1,641$1,308$1,036$588
21 years$2,383$1,905$1,509$1,187$927$509
22 years$2,251$1,778$1,391$1,079$831$440
23 years$2,130$1,663$1,284$983$746$381
24 years$2,020$1,558$1,188$896$670$330
25 years$1,918$1,462$1,100$818$603$287
26 years$1,825$1,374$1,020$748$543$249
27 years$1,738$1,293$947$685$490$216
28 years$1,658$1,219$881$628$442$188
29 years$1,584$1,150$820$576$399$163
30 years$1,514$1,086$763$528$361$142
31 years$1,450$1,026$712$485$326$124
32 years$1,389$971$664$446$295$108
33 years$1,332$920$620$410$267$94
34 years$1,279$872$579$377$242$81
35 years$1,229$827$542$347$219$71
36 years$1,182$785$507$320$198$62
37 years$1,137$745$474$295$180$54
38 years$1,095$708$444$272$163$47
39 years$1,055$674$416$250$148$41
40 years$1,017$641$390$231$134$36
41 years$981$610$366$213$122$31
42 years$947$581$343$197$110$27
43 years$915$553$322$182$100$24
44 years$884$528$302$168$91$21
45 years$855$503$284$155$83$18
46 years$827$480$266$143$75$16
47 years$800$458$250$132$68$14
48 years$774$437$235$122$62$12
49 years$750$418$221$113$56$10
50 years$726$399$208$104$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $744,000, adding $4,397 every year, while hoping to spend $48,891 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: 57/33/10 Blend
44$744,000$744,000$744,000$744,000
45$824,424$784,992$773,460$869,179
46$856,495$771,436$747,351$886,326
47$890,199$755,579$718,729$899,176
48$925,651$737,253$687,458$912,001
49$962,976$716,287$653,396$924,803
50$1,002,309$692,495$616,394$937,589
51$1,043,799$665,681$576,298$950,369
52$1,087,607$635,641$532,945$963,155
53$1,133,911$602,155$486,166$975,967
54$1,182,901$564,992$435,784$988,826
55$1,234,788$523,908$381,614$1,001,761
56$1,289,802$478,644$323,463$1,014,807
57$1,348,192$428,928$261,130$1,028,006
58$1,410,234$374,472$194,403$1,041,408
59$1,476,226$314,969$123,064$1,055,074
60$1,546,497$250,099$46,883$1,069,075
61$1,621,406$179,520$0$1,083,494
62$1,701,347$102,874$0$1,102,101
63$1,786,750$19,781$0$1,126,913
64$1,878,088$0$0$1,153,079
65$1,975,879$0$0$1,206,258
66$2,080,691$0$0$1,270,996
67$2,193,146$0$0$1,340,501
68$2,313,930$0$0$1,415,201
69$2,443,791$0$0$1,495,566
70$2,583,554$0$0$1,582,113
71$2,734,123$0$0$1,675,409
72$2,896,492$0$0$1,776,077
73$3,071,753$0$0$1,884,801
74$3,261,105$0$0$2,002,332
75$3,465,866$0$0$2,129,499
76$3,687,485$0$0$2,267,208
77$3,927,553$0$0$2,416,460
78$4,187,823$0$0$2,578,352
79$4,470,220$0$0$2,754,093
80$4,776,862$0$0$2,945,011
81$5,110,077$0$0$3,152,568
82$5,472,428$0$0$3,378,371
83$5,866,735$0$0$3,624,190
84$6,296,098$0$0$3,891,971
85$6,763,932$0$0$4,183,856
86$7,273,992$0$0$4,502,202
87$7,830,413$0$0$4,849,606
88$8,437,744$0$0$5,228,922
89$9,100,995$0$0$5,643,295
90$9,825,680$0$0$6,096,186
91$10,617,869$0$0$6,591,406
92$11,484,245$0$0$7,133,151
93$12,432,166$0$0$7,726,041
94$13,469,737$0$0$8,375,163
95$14,605,879$0$0$9,086,119
96$15,850,417$0$0$9,865,078
97$17,214,173$0$0$10,718,835
98$18,709,062$0$0$11,654,871
99$20,348,210$0$0$12,681,429
100$22,146,072$0$0$13,807,585