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%15.3%
1 years$58,631$58,109$57,599$57,102$56,616$55,383
2 years$29,025$28,485$27,961$27,453$26,960$25,724
3 years$19,158$18,615$18,093$17,589$17,105$15,904
4 years$14,225$13,684$13,167$12,672$12,199$11,043
5 years$11,266$10,728$10,218$9,733$9,274$8,165
6 years$9,295$8,761$8,258$7,784$7,338$6,279
7 years$7,887$7,357$6,862$6,400$5,968$4,958
8 years$6,831$6,306$5,820$5,368$4,951$3,990
9 years$6,011$5,491$5,012$4,573$4,169$3,257
10 years$5,355$4,840$4,370$3,942$3,552$2,688
11 years$4,818$4,309$3,847$3,430$3,055$2,237
12 years$4,372$3,867$3,414$3,009$2,648$1,875
13 years$3,994$3,495$3,050$2,656$2,309$1,579
14 years$3,670$3,177$2,741$2,358$2,024$1,337
15 years$3,390$2,902$2,475$2,103$1,782$1,136
16 years$3,146$2,663$2,244$1,883$1,575$968
17 years$2,930$2,452$2,042$1,692$1,396$827
18 years$2,738$2,266$1,864$1,525$1,242$708
19 years$2,567$2,100$1,706$1,378$1,107$607
20 years$2,413$1,951$1,566$1,248$989$522
21 years$2,274$1,818$1,440$1,132$885$449
22 years$2,148$1,697$1,327$1,030$793$387
23 years$2,033$1,587$1,226$938$712$333
24 years$1,927$1,487$1,133$855$640$288
25 years$1,830$1,395$1,050$781$576$248
26 years$1,741$1,311$974$714$519$214
27 years$1,659$1,234$904$654$468$185
28 years$1,582$1,163$841$599$422$160
29 years$1,511$1,097$782$549$381$139
30 years$1,445$1,036$729$504$344$120
31 years$1,383$979$679$463$311$104
32 years$1,326$927$634$425$281$90
33 years$1,272$878$592$391$255$78
34 years$1,221$832$553$360$231$68
35 years$1,173$789$517$331$209$58
36 years$1,128$749$484$305$189$51
37 years$1,085$711$453$281$172$44
38 years$1,045$676$424$259$156$38
39 years$1,007$643$397$239$141$33
40 years$971$612$372$220$128$29
41 years$936$582$349$203$116$25
42 years$904$554$327$188$105$21
43 years$873$528$307$173$96$19
44 years$844$503$288$160$87$16
45 years$816$480$271$148$79$14
46 years$789$458$254$136$72$12
47 years$763$437$239$126$65$11
48 years$739$417$225$117$59$9
49 years$716$398$211$108$54$8
50 years$693$381$198$100$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $710,000, adding $5,763 every year, while hoping to spend $20,540 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: 85/10/5 Blend
44$710,000$710,000$710,000$710,000
45$788,365$750,735$739,730$854,884
46$846,923$765,666$742,656$914,047
47$910,767$780,641$744,992$975,605
48$980,412$795,639$746,697$1,042,569
49$1,056,429$810,640$747,726$1,115,469
50$1,139,443$825,621$748,033$1,194,887
51$1,230,146$840,556$747,572$1,281,464
52$1,329,297$855,419$746,292$1,375,906
53$1,437,732$870,181$744,139$1,478,992
54$1,556,372$884,811$741,059$1,591,577
55$1,686,231$899,276$736,994$1,714,606
56$1,828,426$913,540$731,882$1,849,116
57$1,984,185$927,564$725,660$1,996,254
58$2,154,864$941,306$718,262$2,157,278
59$2,341,953$954,723$709,617$2,333,578
60$2,547,096$967,767$699,652$2,526,685
61$2,772,099$980,388$688,290$2,738,282
62$3,018,958$992,531$675,452$2,970,226
63$3,289,864$1,004,138$661,053$3,224,564
64$3,587,237$1,015,148$645,005$3,503,547
65$3,913,739$1,025,494$627,216$3,809,660
66$4,272,304$1,035,106$607,591$4,145,637
67$4,666,161$1,043,909$586,028$4,514,492
68$5,098,872$1,051,823$562,422$4,919,546
69$5,574,358$1,058,763$536,664$5,364,457
70$6,096,938$1,064,638$508,638$5,853,257
71$6,671,372$1,069,351$478,223$6,390,387
72$7,302,903$1,072,801$445,295$6,980,742
73$7,997,309$1,074,878$409,722$7,629,716
74$8,760,954$1,075,466$371,367$8,343,250
75$9,600,849$1,074,443$330,087$9,127,893
76$10,524,723$1,071,677$285,731$9,990,860
77$11,541,085$1,067,030$238,144$10,940,104
78$12,659,316$1,060,355$187,162$11,984,384
79$13,889,750$1,051,495$132,615$13,133,356
80$15,243,772$1,040,286$74,326$14,397,659
81$16,733,928$1,026,552$12,107$15,789,017
82$18,374,042$1,010,106$0$17,320,348
83$20,179,344$990,751$0$19,008,786
84$22,166,619$968,280$0$20,867,999
85$24,354,359$942,471$0$22,914,641
86$26,762,941$913,089$0$25,167,773
87$29,414,818$879,887$0$27,648,403
88$32,334,731$842,603$0$30,379,676
89$35,549,943$800,960$0$33,387,102
90$39,090,494$754,664$0$36,698,788
91$42,989,487$703,405$0$40,345,710
92$47,283,397$646,854$0$44,361,999
93$52,012,419$584,666$0$48,785,270
94$57,220,844$516,473$0$53,656,971
95$62,957,478$441,888$0$59,022,779
96$69,276,102$360,502$0$64,933,028
97$76,235,980$271,882$0$71,443,185
98$83,902,418$175,572$0$78,614,373
99$92,347,379$71,089$0$86,513,951
100$101,650,163$0$0$95,216,147