Can I retire at age 45 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$61,852$61,301$60,763$60,239$59,726$59,127
2 years$30,620$30,049$29,497$28,961$28,441$27,838
3 years$20,210$19,638$19,086$18,556$18,044$17,455
4 years$15,007$14,436$13,890$13,368$12,869$12,299
5 years$11,885$11,318$10,779$10,268$9,783$9,234
6 years$9,805$9,242$8,711$8,211$7,741$7,213
7 years$8,320$7,761$7,239$6,751$6,295$5,789
8 years$7,206$6,653$6,139$5,663$5,223$4,738
9 years$6,341$5,792$5,288$4,824$4,398$3,934
10 years$5,649$5,106$4,610$4,158$3,748$3,305
11 years$5,083$4,545$4,059$3,619$3,223$2,801
12 years$4,612$4,080$3,602$3,174$2,793$2,391
13 years$4,213$3,687$3,218$2,802$2,436$2,053
14 years$3,872$3,351$2,891$2,488$2,135$1,772
15 years$3,577$3,061$2,611$2,219$1,880$1,536
16 years$3,318$2,809$2,367$1,986$1,661$1,335
17 years$3,091$2,587$2,154$1,785$1,473$1,165
18 years$2,889$2,390$1,966$1,608$1,310$1,018
19 years$2,708$2,215$1,800$1,453$1,167$892
20 years$2,546$2,059$1,652$1,316$1,043$783
21 years$2,399$1,917$1,519$1,195$933$689
22 years$2,266$1,790$1,400$1,086$836$607
23 years$2,144$1,674$1,293$989$751$535
24 years$2,033$1,568$1,196$902$675$472
25 years$1,931$1,472$1,108$824$607$417
26 years$1,837$1,383$1,027$753$547$369
27 years$1,750$1,302$954$690$493$326
28 years$1,669$1,227$887$632$445$289
29 years$1,594$1,157$825$579$402$256
30 years$1,525$1,093$769$532$363$227
31 years$1,459$1,033$717$488$328$201
32 years$1,399$978$669$449$297$178
33 years$1,341$926$624$413$269$158
34 years$1,288$878$583$380$243$140
35 years$1,237$832$545$350$220$125
36 years$1,190$790$510$322$200$111
37 years$1,145$750$477$297$181$98
38 years$1,102$713$447$273$164$87
39 years$1,062$678$419$252$149$78
40 years$1,024$645$393$233$135$69
41 years$988$614$368$215$122$61
42 years$954$585$345$198$111$54
43 years$921$557$324$183$101$48
44 years$890$531$304$169$92$43
45 years$860$506$286$156$83$38
46 years$832$483$268$144$75$34
47 years$805$461$252$133$68$30
48 years$779$440$237$123$62$27
49 years$755$420$223$114$56$24
50 years$731$402$209$105$51$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $749,000, adding $3,289 every year, while hoping to spend $54,897 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: 73/16/11 Blend
44$749,000$749,000$749,000$749,000
45$828,791$789,094$777,484$887,267
46$854,917$769,349$745,120$906,606
47$881,869$746,797$709,831$920,649
48$909,672$721,243$671,463$934,527
49$938,353$692,478$629,852$948,210
50$967,940$660,285$584,827$961,663
51$998,462$624,431$536,211$974,852
52$1,029,949$584,672$483,818$987,737
53$1,062,432$540,749$427,453$1,000,278
54$1,095,941$492,387$366,914$1,012,432
55$1,130,511$439,297$301,990$1,024,153
56$1,166,174$381,174$232,457$1,035,392
57$1,202,966$317,694$158,087$1,046,096
58$1,240,923$248,515$78,637$1,056,210
59$1,280,082$173,277$0$1,065,675
60$1,320,481$91,599$0$1,075,151
61$1,362,161$3,078$0$1,093,744
62$1,405,163$0$0$1,112,179
63$1,449,528$0$0$1,146,737
64$1,495,302$0$0$1,182,950
65$1,542,529$0$0$1,220,314
66$1,591,257$0$0$1,258,865
67$1,641,533$0$0$1,298,641
68$1,693,409$0$0$1,339,683
69$1,746,935$0$0$1,382,031
70$1,802,167$0$0$1,425,729
71$1,859,159$0$0$1,470,819
72$1,917,970$0$0$1,517,349
73$1,978,658$0$0$1,565,364
74$2,041,285$0$0$1,614,914
75$2,105,916$0$0$1,666,050
76$2,172,616$0$0$1,718,823
77$2,241,455$0$0$1,773,289
78$2,312,503$0$0$1,829,503
79$2,385,834$0$0$1,887,524
80$2,461,525$0$0$1,947,413
81$2,539,654$0$0$2,009,232
82$2,620,305$0$0$2,073,048
83$2,703,563$0$0$2,138,927
84$2,789,517$0$0$2,206,940
85$2,878,260$0$0$2,277,160
86$2,969,886$0$0$2,349,664
87$3,064,497$0$0$2,424,531
88$3,162,196$0$0$2,501,843
89$3,263,092$0$0$2,581,686
90$3,367,298$0$0$2,664,150
91$3,474,930$0$0$2,749,328
92$3,586,113$0$0$2,837,317
93$3,700,973$0$0$2,928,219
94$3,819,645$0$0$3,022,140
95$3,942,268$0$0$3,119,191
96$4,068,989$0$0$3,219,489
97$4,199,961$0$0$3,323,154
98$4,335,343$0$0$3,430,315
99$4,475,305$0$0$3,541,103
100$4,620,023$0$0$3,655,661