Can I retire at age 45 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$62,430$61,874$61,331$60,802$60,285$58,495
2 years$30,906$30,330$29,772$29,232$28,707$26,919
3 years$20,399$19,821$19,265$18,729$18,213$16,483
4 years$15,147$14,571$14,020$13,493$12,990$11,330
5 years$11,996$11,424$10,880$10,364$9,874$8,290
6 years$9,897$9,328$8,793$8,288$7,813$6,306
7 years$8,398$7,834$7,307$6,814$6,354$4,923
8 years$7,274$6,715$6,197$5,716$5,272$3,916
9 years$6,400$5,847$5,337$4,869$4,439$3,158
10 years$5,701$5,154$4,653$4,197$3,783$2,574
11 years$5,130$4,588$4,096$3,653$3,253$2,115
12 years$4,655$4,118$3,636$3,204$2,819$1,749
13 years$4,253$3,721$3,248$2,829$2,458$1,454
14 years$3,908$3,383$2,918$2,511$2,155$1,214
15 years$3,610$3,090$2,635$2,239$1,897$1,017
16 years$3,349$2,835$2,389$2,005$1,677$854
17 years$3,120$2,611$2,174$1,802$1,487$719
18 years$2,916$2,413$1,984$1,624$1,322$607
19 years$2,733$2,236$1,817$1,467$1,178$513
20 years$2,569$2,078$1,667$1,329$1,053$434
21 years$2,421$1,935$1,534$1,206$942$368
22 years$2,287$1,807$1,413$1,096$844$312
23 years$2,164$1,690$1,305$998$758$265
24 years$2,052$1,583$1,207$911$681$225
25 years$1,949$1,486$1,118$832$613$191
26 years$1,854$1,396$1,037$760$552$162
27 years$1,766$1,314$963$696$498$138
28 years$1,685$1,238$895$638$449$117
29 years$1,609$1,168$833$585$406$100
30 years$1,539$1,103$776$537$366$85
31 years$1,473$1,043$723$493$331$72
32 years$1,412$987$675$453$300$62
33 years$1,354$935$630$417$271$53
34 years$1,300$886$589$383$246$45
35 years$1,249$840$550$353$222$38
36 years$1,201$797$515$325$202$32
37 years$1,155$757$482$299$183$28
38 years$1,113$720$451$276$166$24
39 years$1,072$684$423$254$150$20
40 years$1,034$651$396$235$136$17
41 years$997$620$372$217$124$15
42 years$962$590$349$200$112$12
43 years$930$562$327$184$102$11
44 years$898$536$307$170$92$9
45 years$868$511$288$157$84$8
46 years$840$488$271$145$76$7
47 years$813$465$254$134$69$6
48 years$787$444$239$124$63$5
49 years$762$424$225$115$57$4
50 years$738$405$211$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $756,000, adding $3,194 every year, while hoping to spend $28,229 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: 24/47/29 Blend
44$756,000$756,000$756,000$756,000
45$836,407$796,339$784,621$848,806
46$891,685$805,324$780,870$868,639
47$951,655$813,803$776,048$887,289
48$1,016,766$821,722$770,088$906,684
49$1,087,512$829,022$762,921$926,903
50$1,164,436$835,642$754,477$948,040
51$1,248,135$841,515$744,678$970,197
52$1,339,266$846,570$733,447$993,489
53$1,438,553$850,734$720,699$1,018,046
54$1,546,792$853,927$706,349$1,044,013
55$1,664,859$856,063$690,305$1,071,554
56$1,793,718$857,053$672,474$1,100,850
57$1,934,430$856,802$652,755$1,132,105
58$2,088,164$855,208$631,044$1,165,548
59$2,256,207$852,162$607,234$1,201,433
60$2,439,973$847,552$581,210$1,240,043
61$2,641,024$841,255$552,853$1,281,697
62$2,861,075$833,143$522,041$1,326,748
63$3,102,017$823,080$488,641$1,375,590
64$3,365,932$810,920$452,521$1,428,661
65$3,655,113$796,511$413,536$1,486,450
66$3,972,085$779,691$371,540$1,549,500
67$4,319,629$760,287$326,378$1,618,417
68$4,700,808$738,118$277,888$1,693,872
69$5,118,995$712,991$225,902$1,776,612
70$5,577,907$684,701$170,244$1,867,466
71$6,081,636$653,034$110,730$1,967,356
72$6,634,691$617,761$47,167$2,077,304
73$7,242,038$578,640$0$2,198,445
74$7,909,149$535,416$0$2,338,431
75$8,642,051$487,820$0$2,508,256
76$9,447,383$435,566$0$2,694,924
77$10,332,460$378,353$0$2,900,219
78$11,305,340$315,861$0$3,126,116
79$12,374,902$247,756$0$3,374,797
80$13,550,926$173,680$0$3,648,672
81$14,844,188$93,258$0$3,950,405
82$16,266,563$6,095$0$4,282,941
83$17,831,129$0$0$4,649,532
84$19,552,301$0$0$5,099,403
85$21,445,958$0$0$5,597,976
86$23,529,596$0$0$6,146,724
87$25,822,495$0$0$6,750,744
88$28,345,894$0$0$7,415,651
89$31,123,200$0$0$8,147,633
90$34,180,201$0$0$8,953,508
91$37,545,313$0$0$9,840,789
92$41,249,846$0$0$10,817,754
93$45,328,301$0$0$11,893,525
94$49,818,694$0$0$13,078,155
95$54,762,915$0$0$14,382,719
96$60,207,121$0$0$15,819,422
97$66,202,176$0$0$17,401,713
98$72,804,126$0$0$19,144,413
99$80,074,728$0$0$21,063,850
100$88,082,036$0$0$23,178,022