Can I retire at age 45 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$58,631$58,109$57,599$57,102$56,616$55,610
2 years$29,025$28,485$27,961$27,453$26,960$25,950
3 years$19,158$18,615$18,093$17,589$17,105$16,121
4 years$14,225$13,684$13,167$12,672$12,199$11,251
5 years$11,266$10,728$10,218$9,733$9,274$8,363
6 years$9,295$8,761$8,258$7,784$7,338$6,466
7 years$7,887$7,357$6,862$6,400$5,968$5,135
8 years$6,831$6,306$5,820$5,368$4,951$4,157
9 years$6,011$5,491$5,012$4,573$4,169$3,413
10 years$5,355$4,840$4,370$3,942$3,552$2,834
11 years$4,818$4,309$3,847$3,430$3,055$2,374
12 years$4,372$3,867$3,414$3,009$2,648$2,002
13 years$3,994$3,495$3,050$2,656$2,309$1,698
14 years$3,670$3,177$2,741$2,358$2,024$1,447
15 years$3,390$2,902$2,475$2,103$1,782$1,238
16 years$3,146$2,663$2,244$1,883$1,575$1,062
17 years$2,930$2,452$2,042$1,692$1,396$914
18 years$2,738$2,266$1,864$1,525$1,242$788
19 years$2,567$2,100$1,706$1,378$1,107$681
20 years$2,413$1,951$1,566$1,248$989$590
21 years$2,274$1,818$1,440$1,132$885$511
22 years$2,148$1,697$1,327$1,030$793$444
23 years$2,033$1,587$1,226$938$712$385
24 years$1,927$1,487$1,133$855$640$335
25 years$1,830$1,395$1,050$781$576$292
26 years$1,741$1,311$974$714$519$254
27 years$1,659$1,234$904$654$468$221
28 years$1,582$1,163$841$599$422$193
29 years$1,511$1,097$782$549$381$168
30 years$1,445$1,036$729$504$344$147
31 years$1,383$979$679$463$311$128
32 years$1,326$927$634$425$281$112
33 years$1,272$878$592$391$255$98
34 years$1,221$832$553$360$231$85
35 years$1,173$789$517$331$209$75
36 years$1,128$749$484$305$189$65
37 years$1,085$711$453$281$172$57
38 years$1,045$676$424$259$156$50
39 years$1,007$643$397$239$141$44
40 years$971$612$372$220$128$38
41 years$936$582$349$203$116$33
42 years$904$554$327$188$105$29
43 years$873$528$307$173$96$25
44 years$844$503$288$160$87$22
45 years$816$480$271$148$79$19
46 years$789$458$254$136$72$17
47 years$763$437$239$126$65$15
48 years$739$417$225$117$59$13
49 years$716$398$211$108$54$11
50 years$693$381$198$100$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $710,000, adding $4,679 every year, while hoping to spend $42,284 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: 51/20/29 Blend
44$710,000$710,000$710,000$710,000
45$787,246$749,616$738,611$820,745
46$822,556$741,358$718,365$836,353
47$860,049$731,277$696,023$848,715
48$899,906$719,241$671,471$861,336
49$942,319$705,107$644,589$874,259
50$987,504$688,725$615,250$887,535
51$1,035,693$669,936$583,325$901,222
52$1,087,142$648,572$548,675$915,388
53$1,142,132$624,454$511,157$930,111
54$1,200,970$597,393$470,622$945,479
55$1,263,994$567,189$426,912$961,593
56$1,331,572$533,633$379,865$978,566
57$1,404,111$496,499$329,309$996,530
58$1,482,056$455,553$275,066$1,015,631
59$1,565,894$410,544$216,950$1,036,036
60$1,656,164$361,209$154,766$1,057,933
61$1,753,453$307,269$88,311$1,081,533
62$1,858,409$248,429$17,373$1,107,076
63$1,971,743$184,378$0$1,134,830
64$2,094,236$114,787$0$1,183,144
65$2,226,746$39,310$0$1,241,217
66$2,370,218$0$0$1,304,121
67$2,525,688$0$0$1,381,693
68$2,694,299$0$0$1,475,265
69$2,877,303$0$0$1,576,890
70$3,076,083$0$0$1,687,341
71$3,292,154$0$0$1,807,471
72$3,527,188$0$0$1,938,217
73$3,783,021$0$0$2,080,610
74$4,061,674$0$0$2,235,785
75$4,365,374$0$0$2,404,990
76$4,696,566$0$0$2,589,602
77$5,057,948$0$0$2,791,131
78$5,452,483$0$0$3,011,245
79$5,883,438$0$0$3,251,775
80$6,354,406$0$0$3,514,742
81$6,869,345$0$0$3,802,366
82$7,432,612$0$0$4,117,095
83$8,049,004$0$0$4,461,624
84$8,723,803$0$0$4,838,919
85$9,462,826$0$0$5,252,248
86$10,272,480$0$0$5,705,209
87$11,159,818$0$0$6,201,765
88$12,132,610$0$0$6,746,280
89$13,199,413$0$0$7,343,561
90$14,369,653$0$0$7,998,904
91$15,653,710$0$0$8,718,140
92$17,063,018$0$0$9,507,693
93$18,610,175$0$0$10,374,641
94$20,309,053$0$0$11,326,778
95$22,174,936$0$0$12,372,692
96$24,224,662$0$0$13,521,842
97$26,476,779$0$0$14,784,650
98$28,951,719$0$0$16,172,597
99$31,671,994$0$0$17,698,332
100$34,662,404$0$0$19,375,790