Can I retire at age 45 with 710,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.8%
1 years$58,631$58,109$57,599$57,102$56,616$54,826
2 years$29,025$28,485$27,961$27,453$26,960$25,173
3 years$19,158$18,615$18,093$17,589$17,105$15,376
4 years$14,225$13,684$13,167$12,672$12,199$10,543
5 years$11,266$10,728$10,218$9,733$9,274$7,694
6 years$9,295$8,761$8,258$7,784$7,338$5,836
7 years$7,887$7,357$6,862$6,400$5,968$4,544
8 years$6,831$6,306$5,820$5,368$4,951$3,604
9 years$6,011$5,491$5,012$4,573$4,169$2,897
10 years$5,355$4,840$4,370$3,942$3,552$2,354
11 years$4,818$4,309$3,847$3,430$3,055$1,928
12 years$4,372$3,867$3,414$3,009$2,648$1,589
13 years$3,994$3,495$3,050$2,656$2,309$1,317
14 years$3,670$3,177$2,741$2,358$2,024$1,095
15 years$3,390$2,902$2,475$2,103$1,782$914
16 years$3,146$2,663$2,244$1,883$1,575$765
17 years$2,930$2,452$2,042$1,692$1,396$642
18 years$2,738$2,266$1,864$1,525$1,242$540
19 years$2,567$2,100$1,706$1,378$1,107$454
20 years$2,413$1,951$1,566$1,248$989$383
21 years$2,274$1,818$1,440$1,132$885$323
22 years$2,148$1,697$1,327$1,030$793$273
23 years$2,033$1,587$1,226$938$712$231
24 years$1,927$1,487$1,133$855$640$195
25 years$1,830$1,395$1,050$781$576$165
26 years$1,741$1,311$974$714$519$140
27 years$1,659$1,234$904$654$468$119
28 years$1,582$1,163$841$599$422$100
29 years$1,511$1,097$782$549$381$85
30 years$1,445$1,036$729$504$344$72
31 years$1,383$979$679$463$311$61
32 years$1,326$927$634$425$281$52
33 years$1,272$878$592$391$255$44
34 years$1,221$832$553$360$231$37
35 years$1,173$789$517$331$209$32
36 years$1,128$749$484$305$189$27
37 years$1,085$711$453$281$172$23
38 years$1,045$676$424$259$156$19
39 years$1,007$643$397$239$141$16
40 years$971$612$372$220$128$14
41 years$936$582$349$203$116$12
42 years$904$554$327$188$105$10
43 years$873$528$307$173$96$9
44 years$844$503$288$160$87$7
45 years$816$480$271$148$79$6
46 years$789$458$254$136$72$5
47 years$763$437$239$126$65$4
48 years$739$417$225$117$59$4
49 years$716$398$211$108$54$3
50 years$693$381$198$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $710,000, adding $3,625 every year, while hoping to spend $55,641 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: 45/42/13 Blend
44$710,000$710,000$710,000$710,000
45$786,159$748,529$737,524$818,469
46$807,146$726,006$703,030$818,776
47$828,408$700,513$665,515$813,181
48$849,916$671,848$624,819$805,886
49$871,633$639,795$580,777$796,756
50$893,519$604,124$533,212$785,648
51$915,526$564,594$481,942$772,406
52$937,599$520,949$426,778$756,866
53$959,679$472,920$367,519$738,852
54$981,693$420,220$303,958$718,175
55$1,003,563$362,548$235,877$694,633
56$1,025,198$299,584$163,051$668,011
57$1,046,497$230,993$85,242$638,079
58$1,067,345$156,417$2,203$604,591
59$1,087,614$75,481$0$567,281
60$1,107,160$0$0$537,856
61$1,125,821$0$0$510,773
62$1,143,415$0$0$518,001
63$1,159,741$0$0$524,553
64$1,174,573$0$0$530,316
65$1,187,659$0$0$535,162
66$1,198,718$0$0$538,952
67$1,207,437$0$0$541,527
68$1,213,469$0$0$542,715
69$1,216,426$0$0$542,322
70$1,215,880$0$0$540,133
71$1,211,352$0$0$535,908
72$1,202,313$0$0$529,385
73$1,188,175$0$0$520,268
74$1,168,286$0$0$508,234
75$1,141,925$0$0$492,921
76$1,108,292$0$0$473,931
77$1,066,499$0$0$450,822
78$1,015,565$0$0$423,106
79$954,406$0$0$390,241
80$881,818$0$0$351,629
81$796,474$0$0$306,608
82$696,903$0$0$254,447
83$581,480$0$0$194,338
84$448,409$0$0$125,387
85$295,705$0$0$46,606
86$121,174$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0