Can I retire at age 45 with 711,000?

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 $711,000?

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$58,714$58,191$57,680$57,182$56,696$54,554
2 years$29,066$28,525$28,000$27,492$26,998$24,865
3 years$19,185$18,641$18,118$17,614$17,129$15,072
4 years$14,245$13,703$13,185$12,690$12,216$10,251
5 years$11,282$10,744$10,232$9,747$9,287$7,418
6 years$9,308$8,773$8,269$7,795$7,348$5,578
7 years$7,898$7,368$6,872$6,409$5,976$4,303
8 years$6,841$6,315$5,828$5,376$4,958$3,380
9 years$6,019$5,499$5,019$4,579$4,175$2,692
10 years$5,362$4,847$4,376$3,947$3,557$2,165
11 years$4,825$4,315$3,853$3,435$3,060$1,755
12 years$4,378$3,873$3,419$3,013$2,651$1,431
13 years$3,999$3,500$3,055$2,660$2,312$1,173
14 years$3,676$3,181$2,745$2,361$2,027$965
15 years$3,395$2,906$2,478$2,106$1,784$796
16 years$3,150$2,666$2,247$1,886$1,577$659
17 years$2,934$2,456$2,044$1,694$1,398$546
18 years$2,742$2,269$1,866$1,527$1,243$454
19 years$2,571$2,103$1,709$1,380$1,108$377
20 years$2,416$1,954$1,568$1,250$990$314
21 years$2,277$1,820$1,442$1,134$886$262
22 years$2,151$1,699$1,329$1,031$794$218
23 years$2,035$1,589$1,227$939$713$182
24 years$1,930$1,489$1,135$856$641$152
25 years$1,833$1,397$1,051$782$576$127
26 years$1,744$1,313$975$715$519$106
27 years$1,661$1,236$905$655$468$89
28 years$1,585$1,165$842$600$422$74
29 years$1,514$1,099$783$550$381$62
30 years$1,447$1,038$730$505$345$52
31 years$1,385$981$680$464$312$44
32 years$1,328$928$635$426$282$36
33 years$1,273$879$593$392$255$31
34 years$1,222$833$554$360$231$26
35 years$1,174$790$518$332$209$21
36 years$1,129$750$484$306$190$18
37 years$1,087$712$453$282$172$15
38 years$1,046$677$424$260$156$13
39 years$1,008$644$398$239$141$11
40 years$972$612$373$221$128$9
41 years$938$583$349$204$116$7
42 years$905$555$328$188$105$6
43 years$874$529$308$173$96$5
44 years$845$504$289$160$87$4
45 years$817$481$271$148$79$4
46 years$790$459$255$137$72$3
47 years$764$438$239$126$65$3
48 years$740$418$225$117$59$2
49 years$717$399$211$108$54$2
50 years$694$381$199$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $711,000, adding $6,402 every year, while hoping to spend $49,216 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: 72/18/10 Blend
44$711,000$711,000$711,000$711,000
45$790,126$752,443$741,422$845,054
46$818,353$736,947$713,894$866,728
47$847,810$719,042$683,795$883,750
48$878,570$698,559$650,986$901,044
49$910,713$675,317$615,322$918,623
50$944,324$649,126$576,654$936,504
51$979,496$619,784$534,822$954,707
52$1,016,329$587,077$489,663$973,254
53$1,054,932$550,782$441,005$992,172
54$1,095,423$510,659$388,667$1,011,489
55$1,137,931$466,455$332,461$1,031,242
56$1,182,593$417,905$272,192$1,051,470
57$1,229,562$364,727$207,655$1,072,218
58$1,279,002$306,622$138,636$1,093,540
59$1,331,091$243,278$64,911$1,115,494
60$1,386,024$174,361$0$1,138,149
61$1,444,015$99,520$0$1,163,051
62$1,505,293$18,386$0$1,196,306
63$1,570,113$0$0$1,231,106
64$1,638,750$0$0$1,281,347
65$1,711,505$0$0$1,338,478
66$1,788,708$0$0$1,399,119
67$1,870,718$0$0$1,463,556
68$1,957,929$0$0$1,532,099
69$2,050,772$0$0$1,605,091
70$2,149,719$0$0$1,682,904
71$2,255,287$0$0$1,765,948
72$2,368,041$0$0$1,854,672
73$2,488,601$0$0$1,949,566
74$2,617,647$0$0$2,051,169
75$2,755,925$0$0$2,160,072
76$2,904,253$0$0$2,276,924
77$3,063,527$0$0$2,402,435
78$3,234,734$0$0$2,537,386
79$3,418,953$0$0$2,682,633
80$3,617,372$0$0$2,839,119
81$3,831,296$0$0$3,007,877
82$4,062,155$0$0$3,190,041
83$4,311,525$0$0$3,386,860
84$4,581,133$0$0$3,599,704
85$4,872,881$0$0$3,830,082
86$5,188,859$0$0$4,079,649
87$5,531,362$0$0$4,350,227
88$5,902,919$0$0$4,643,820
89$6,306,306$0$0$4,962,629
90$6,744,578$0$0$5,309,080
91$7,221,099$0$0$5,685,836
92$7,739,564$0$0$6,095,831
93$8,304,043$0$0$6,542,293
94$8,919,012$0$0$7,028,770
95$9,589,399$0$0$7,559,173
96$10,320,627$0$0$8,137,800
97$11,118,662$0$0$8,769,387
98$11,990,074$0$0$9,459,143
99$12,942,096$0$0$10,212,806
100$13,982,689$0$0$11,036,691