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%19.4%
1 years$58,631$58,109$57,599$57,102$56,616$54,478
2 years$29,025$28,485$27,961$27,453$26,960$24,830
3 years$19,158$18,615$18,093$17,589$17,105$15,051
4 years$14,225$13,684$13,167$12,672$12,199$10,237
5 years$11,266$10,728$10,218$9,733$9,274$7,408
6 years$9,295$8,761$8,258$7,784$7,338$5,570
7 years$7,887$7,357$6,862$6,400$5,968$4,297
8 years$6,831$6,306$5,820$5,368$4,951$3,376
9 years$6,011$5,491$5,012$4,573$4,169$2,688
10 years$5,355$4,840$4,370$3,942$3,552$2,162
11 years$4,818$4,309$3,847$3,430$3,055$1,752
12 years$4,372$3,867$3,414$3,009$2,648$1,429
13 years$3,994$3,495$3,050$2,656$2,309$1,171
14 years$3,670$3,177$2,741$2,358$2,024$963
15 years$3,390$2,902$2,475$2,103$1,782$795
16 years$3,146$2,663$2,244$1,883$1,575$658
17 years$2,930$2,452$2,042$1,692$1,396$546
18 years$2,738$2,266$1,864$1,525$1,242$453
19 years$2,567$2,100$1,706$1,378$1,107$377
20 years$2,413$1,951$1,566$1,248$989$314
21 years$2,274$1,818$1,440$1,132$885$262
22 years$2,148$1,697$1,327$1,030$793$218
23 years$2,033$1,587$1,226$938$712$182
24 years$1,927$1,487$1,133$855$640$152
25 years$1,830$1,395$1,050$781$576$127
26 years$1,741$1,311$974$714$519$106
27 years$1,659$1,234$904$654$468$89
28 years$1,582$1,163$841$599$422$74
29 years$1,511$1,097$782$549$381$62
30 years$1,445$1,036$729$504$344$52
31 years$1,383$979$679$463$311$44
32 years$1,326$927$634$425$281$36
33 years$1,272$878$592$391$255$30
34 years$1,221$832$553$360$231$26
35 years$1,173$789$517$331$209$21
36 years$1,128$749$484$305$189$18
37 years$1,085$711$453$281$172$15
38 years$1,045$676$424$259$156$13
39 years$1,007$643$397$239$141$11
40 years$971$612$372$220$128$9
41 years$936$582$349$203$116$7
42 years$904$554$327$188$105$6
43 years$873$528$307$173$96$5
44 years$844$503$288$160$87$4
45 years$816$480$271$148$79$4
46 years$789$458$254$136$72$3
47 years$763$437$239$126$65$3
48 years$739$417$225$117$59$2
49 years$716$398$211$108$54$2
50 years$693$381$198$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $710,000, adding $3,497 every year, while hoping to spend $56,086 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: 49/27/24 Blend
44$710,000$710,000$710,000$710,000
45$786,027$748,397$737,392$819,053
46$806,527$725,394$702,420$819,442
47$827,238$699,383$664,396$813,961
48$848,122$670,159$623,159$806,871
49$869,137$637,503$578,541$798,044
50$890,232$601,184$530,366$787,346
51$911,351$560,957$478,448$774,630
52$932,428$516,563$422,596$759,741
53$953,392$467,731$362,609$742,512
54$974,158$414,170$298,276$722,765
55$994,633$355,575$229,379$700,308
56$1,014,712$291,624$155,690$674,936
57$1,034,275$221,977$76,968$646,430
58$1,053,190$146,272$0$614,554
59$1,071,307$64,131$0$580,859
60$1,088,458$0$0$564,422
61$1,104,457$0$0$552,672
62$1,119,095$0$0$559,199
63$1,132,138$0$0$564,822
64$1,143,327$0$0$569,399
65$1,152,373$0$0$572,772
66$1,158,952$0$0$574,766
67$1,162,707$0$0$575,185
68$1,163,239$0$0$573,814
69$1,160,107$0$0$570,412
70$1,152,819$0$0$564,712
71$1,140,831$0$0$556,418
72$1,123,538$0$0$545,203
73$1,100,271$0$0$530,703
74$1,070,289$0$0$512,515
75$1,032,768$0$0$490,194
76$986,800$0$0$463,246
77$931,376$0$0$431,126
78$865,383$0$0$393,229
79$787,587$0$0$348,888
80$696,625$0$0$297,364
81$590,989$0$0$237,841
82$469,013$0$0$169,415
83$328,854$0$0$91,091
84$168,476$0$0$1,766
85$0$0$0$0
86$0$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