Can I retire at age 45 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$61,769$61,219$60,682$60,158$59,647$58,371
2 years$30,579$30,009$29,457$28,922$28,403$27,124
3 years$20,183$19,611$19,061$18,531$18,020$16,778
4 years$14,987$14,416$13,871$13,350$12,852$11,656
5 years$11,869$11,303$10,765$10,254$9,770$8,623
6 years$9,792$9,229$8,700$8,200$7,731$6,635
7 years$8,309$7,751$7,229$6,742$6,287$5,242
8 years$7,197$6,644$6,131$5,656$5,216$4,221
9 years$6,332$5,785$5,281$4,817$4,392$3,448
10 years$5,641$5,099$4,604$4,153$3,743$2,847
11 years$5,076$4,539$4,053$3,614$3,219$2,371
12 years$4,605$4,074$3,597$3,170$2,789$1,988
13 years$4,208$3,682$3,214$2,799$2,432$1,676
14 years$3,867$3,347$2,888$2,484$2,132$1,420
15 years$3,572$3,057$2,607$2,216$1,877$1,207
16 years$3,314$2,805$2,364$1,984$1,659$1,029
17 years$3,087$2,583$2,151$1,782$1,471$880
18 years$2,885$2,387$1,963$1,606$1,308$754
19 years$2,704$2,212$1,797$1,451$1,166$647
20 years$2,542$2,056$1,650$1,315$1,041$556
21 years$2,396$1,915$1,517$1,193$932$479
22 years$2,263$1,788$1,398$1,085$835$413
23 years$2,141$1,672$1,291$988$750$356
24 years$2,030$1,566$1,194$901$674$308
25 years$1,928$1,470$1,106$823$606$266
26 years$1,834$1,382$1,026$752$546$230
27 years$1,748$1,300$953$689$493$199
28 years$1,667$1,225$886$631$444$172
29 years$1,592$1,156$824$579$401$149
30 years$1,523$1,092$768$531$363$129
31 years$1,458$1,032$716$488$328$112
32 years$1,397$976$668$448$297$97
33 years$1,340$925$623$412$268$84
34 years$1,286$876$582$379$243$73
35 years$1,236$831$545$349$220$63
36 years$1,188$789$509$322$199$55
37 years$1,143$749$477$296$181$47
38 years$1,101$712$447$273$164$41
39 years$1,061$677$418$252$149$36
40 years$1,023$644$392$232$135$31
41 years$987$613$368$214$122$27
42 years$952$584$345$198$111$23
43 years$920$556$324$183$101$20
44 years$889$530$304$169$91$18
45 years$859$506$285$156$83$15
46 years$831$483$268$144$75$13
47 years$804$460$252$133$68$11
48 years$778$440$237$123$62$10
49 years$754$420$222$113$56$9
50 years$730$401$209$105$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $748,000, adding $6,808 every year, while hoping to spend $44,818 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: 56/25/19 Blend
44$748,000$748,000$748,000$748,000
45$831,318$791,674$780,080$873,289
46$868,427$782,780$758,527$893,767
47$907,818$771,949$734,750$910,681
48$949,678$759,037$708,626$928,115
49$994,210$743,894$680,029$946,130
50$1,041,635$726,360$648,826$964,797
51$1,092,197$706,267$614,877$984,192
52$1,146,162$683,435$578,036$1,004,406
53$1,203,822$657,675$538,152$1,025,539
54$1,265,497$628,787$495,066$1,047,705
55$1,331,538$596,557$448,611$1,071,032
56$1,402,330$560,763$398,614$1,095,664
57$1,478,294$521,167$344,894$1,121,766
58$1,559,893$477,518$287,261$1,149,518
59$1,647,636$429,550$225,518$1,179,128
60$1,742,081$376,984$159,459$1,210,825
61$1,843,841$319,523$88,868$1,244,867
62$1,953,588$256,855$13,521$1,281,545
63$2,072,062$188,649$0$1,321,182
64$2,200,075$114,556$0$1,377,700
65$2,338,521$34,208$0$1,441,749
66$2,488,380$0$0$1,511,090
67$2,650,732$0$0$1,600,801
68$2,826,763$0$0$1,708,330
69$3,017,777$0$0$1,825,070
70$3,225,209$0$0$1,951,907
71$3,450,637$0$0$2,089,813
72$3,695,797$0$0$2,239,857
73$3,962,599$0$0$2,403,218
74$4,253,145$0$0$2,581,191
75$4,569,747$0$0$2,775,201
76$4,914,949$0$0$2,986,819
77$5,291,554$0$0$3,217,771
78$5,702,643$0$0$3,469,958
79$6,151,611$0$0$3,745,474
80$6,642,194$0$0$4,046,622
81$7,178,505$0$0$4,375,939
82$7,765,071$0$0$4,736,218
83$8,406,880$0$0$5,130,534
84$9,109,421$0$0$5,562,274
85$9,878,740$0$0$6,035,168
86$10,721,494$0$0$6,553,320
87$11,645,016$0$0$7,121,256
88$12,657,380$0$0$7,743,954
89$13,767,479$0$0$8,426,903
90$14,985,107$0$0$9,176,143
91$16,321,055$0$0$9,998,332
92$17,787,204$0$0$10,900,800
93$19,396,645$0$0$11,891,623
94$21,163,795$0$0$12,979,696
95$23,104,539$0$0$14,174,819
96$25,236,373$0$0$15,487,788
97$27,578,572$0$0$16,930,494
98$30,152,370$0$0$18,516,039
99$32,981,160$0$0$20,258,857
100$36,090,714$0$0$22,174,849