Can I retire at age 45 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$61,521$60,973$60,439$59,917$59,407$57,322
2 years$30,456$29,889$29,339$28,806$28,289$26,210
3 years$20,102$19,533$18,984$18,456$17,948$15,941
4 years$14,927$14,359$13,816$13,297$12,801$10,880
5 years$11,822$11,257$10,722$10,213$9,731$7,903
6 years$9,753$9,192$8,665$8,168$7,700$5,965
7 years$8,275$7,720$7,200$6,715$6,262$4,620
8 years$7,168$6,617$6,106$5,633$5,195$3,645
9 years$6,307$5,762$5,260$4,798$4,375$2,914
10 years$5,619$5,079$4,585$4,136$3,728$2,354
11 years$5,056$4,521$4,037$3,600$3,206$1,917
12 years$4,587$4,058$3,583$3,157$2,778$1,571
13 years$4,191$3,667$3,201$2,787$2,423$1,294
14 years$3,851$3,333$2,876$2,474$2,124$1,069
15 years$3,558$3,045$2,597$2,207$1,870$887
16 years$3,301$2,794$2,354$1,976$1,653$738
17 years$3,074$2,573$2,142$1,775$1,465$615
18 years$2,873$2,378$1,956$1,600$1,303$513
19 years$2,694$2,203$1,790$1,446$1,161$429
20 years$2,532$2,048$1,643$1,309$1,037$359
21 years$2,386$1,907$1,511$1,188$928$301
22 years$2,254$1,780$1,393$1,080$832$253
23 years$2,133$1,665$1,286$984$747$212
24 years$2,022$1,560$1,189$897$671$178
25 years$1,921$1,464$1,102$820$604$150
26 years$1,827$1,376$1,022$749$544$126
27 years$1,741$1,295$949$686$491$106
28 years$1,660$1,220$882$628$443$89
29 years$1,586$1,151$821$576$400$75
30 years$1,516$1,087$764$529$361$63
31 years$1,452$1,028$713$486$327$53
32 years$1,391$972$665$446$295$45
33 years$1,334$921$621$411$267$38
34 years$1,281$873$580$378$242$32
35 years$1,231$828$542$348$219$27
36 years$1,183$786$507$320$199$22
37 years$1,139$746$475$295$180$19
38 years$1,096$709$445$272$163$16
39 years$1,056$674$417$251$148$13
40 years$1,019$642$391$231$134$11
41 years$983$611$366$213$122$10
42 years$948$582$343$197$110$8
43 years$916$554$322$182$100$7
44 years$885$528$303$168$91$6
45 years$856$504$284$155$83$5
46 years$828$481$267$143$75$4
47 years$801$459$251$132$68$3
48 years$775$438$236$122$62$3
49 years$751$418$221$113$56$2
50 years$727$399$208$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $745,000, adding $2,232 every year, while hoping to spend $53,785 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: 41/38/21 Blend
44$745,000$745,000$745,000$745,000
45$823,292$783,807$772,260$851,873
46$850,041$764,987$740,904$853,668
47$877,716$743,442$706,694$850,281
48$906,354$718,982$669,480$845,518
49$935,995$691,405$629,101$839,284
50$966,682$660,498$585,390$831,476
51$998,457$626,037$538,175$821,985
52$1,031,369$587,782$487,272$810,701
53$1,065,466$545,480$432,494$797,502
54$1,100,801$498,867$373,640$782,264
55$1,137,431$447,659$310,505$764,855
56$1,175,413$391,559$242,871$745,135
57$1,214,812$330,252$170,514$722,960
58$1,255,693$263,405$93,197$698,175
59$1,298,129$190,667$10,674$670,620
60$1,342,196$111,667$0$640,126
61$1,387,975$26,014$0$623,856
62$1,435,553$0$0$607,963
63$1,485,023$0$0$617,814
64$1,536,485$0$0$639,391
65$1,590,046$0$0$661,864
66$1,645,820$0$0$685,282
67$1,703,931$0$0$709,701
68$1,764,512$0$0$735,177
69$1,827,706$0$0$761,774
70$1,893,667$0$0$789,560
71$1,962,561$0$0$818,608
72$2,034,568$0$0$848,996
73$2,109,883$0$0$880,812
74$2,188,715$0$0$914,147
75$2,271,292$0$0$949,102
76$2,357,861$0$0$985,786
77$2,448,689$0$0$1,024,318
78$2,544,066$0$0$1,064,827
79$2,644,309$0$0$1,107,453
80$2,749,761$0$0$1,152,348
81$2,860,794$0$0$1,199,679
82$2,977,814$0$0$1,249,625
83$3,101,266$0$0$1,302,385
84$3,231,630$0$0$1,358,173
85$3,369,434$0$0$1,417,224
86$3,515,251$0$0$1,479,795
87$3,669,709$0$0$1,546,166
88$3,833,493$0$0$1,616,642
89$4,007,351$0$0$1,691,559
90$4,192,102$0$0$1,771,284
91$4,388,641$0$0$1,856,216
92$4,597,949$0$0$1,946,796
93$4,821,100$0$0$2,043,504
94$5,059,267$0$0$2,146,868
95$5,313,740$0$0$2,257,465
96$5,585,929$0$0$2,375,929
97$5,877,383$0$0$2,502,955
98$6,189,798$0$0$2,639,304
99$6,525,037$0$0$2,785,815
100$6,885,142$0$0$2,943,404