Can I retire at age 45 with 711,000?

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 $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%18.4%
1 years$58,714$58,191$57,680$57,182$56,696$54,772
2 years$29,066$28,525$28,000$27,492$26,998$25,079
3 years$19,185$18,641$18,118$17,614$17,129$15,274
4 years$14,245$13,703$13,185$12,690$12,216$10,441
5 years$11,282$10,744$10,232$9,747$9,287$7,596
6 years$9,308$8,773$8,269$7,795$7,348$5,743
7 years$7,898$7,368$6,872$6,409$5,976$4,456
8 years$6,841$6,315$5,828$5,376$4,958$3,521
9 years$6,019$5,499$5,019$4,579$4,175$2,821
10 years$5,362$4,847$4,376$3,947$3,557$2,283
11 years$4,825$4,315$3,853$3,435$3,060$1,863
12 years$4,378$3,873$3,419$3,013$2,651$1,529
13 years$3,999$3,500$3,055$2,660$2,312$1,262
14 years$3,676$3,181$2,745$2,361$2,027$1,045
15 years$3,395$2,906$2,478$2,106$1,784$869
16 years$3,150$2,666$2,247$1,886$1,577$724
17 years$2,934$2,456$2,044$1,694$1,398$605
18 years$2,742$2,269$1,866$1,527$1,243$506
19 years$2,571$2,103$1,709$1,380$1,108$424
20 years$2,416$1,954$1,568$1,250$990$356
21 years$2,277$1,820$1,442$1,134$886$299
22 years$2,151$1,699$1,329$1,031$794$251
23 years$2,035$1,589$1,227$939$713$211
24 years$1,930$1,489$1,135$856$641$178
25 years$1,833$1,397$1,051$782$576$150
26 years$1,744$1,313$975$715$519$126
27 years$1,661$1,236$905$655$468$107
28 years$1,585$1,165$842$600$422$90
29 years$1,514$1,099$783$550$381$76
30 years$1,447$1,038$730$505$345$64
31 years$1,385$981$680$464$312$54
32 years$1,328$928$635$426$282$46
33 years$1,273$879$593$392$255$38
34 years$1,222$833$554$360$231$32
35 years$1,174$790$518$332$209$27
36 years$1,129$750$484$306$190$23
37 years$1,087$712$453$282$172$20
38 years$1,046$677$424$260$156$16
39 years$1,008$644$398$239$141$14
40 years$972$612$373$221$128$12
41 years$938$583$349$204$116$10
42 years$905$555$328$188$105$8
43 years$874$529$308$173$96$7
44 years$845$504$289$160$87$6
45 years$817$481$271$148$79$5
46 years$790$459$255$137$72$4
47 years$764$438$239$126$65$4
48 years$740$418$225$117$59$3
49 years$717$399$211$108$54$3
50 years$694$381$199$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $711,000, adding $2,543 every year, while hoping to spend $39,155 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: 83/9/8 Blend
44$711,000$711,000$711,000$711,000
45$786,145$748,462$737,442$850,449
46$824,671$743,476$720,485$887,878
47$865,815$736,934$701,649$923,455
48$909,801$728,717$680,827$961,315
49$956,878$718,701$657,912$1,001,662
50$1,007,317$706,754$632,789$1,044,723
51$1,061,414$692,736$605,339$1,090,747
52$1,119,497$676,499$575,436$1,140,009
53$1,181,924$657,886$542,952$1,192,810
54$1,249,088$636,730$507,748$1,249,484
55$1,321,421$612,855$469,683$1,310,397
56$1,399,396$586,076$428,609$1,375,953
57$1,483,536$556,195$384,368$1,446,598
58$1,574,413$523,004$336,800$1,522,821
59$1,672,654$486,283$285,735$1,605,165
60$1,778,952$445,798$230,994$1,694,224
61$1,894,067$401,304$172,394$1,790,655
62$2,018,834$352,540$109,742$1,895,182
63$2,154,172$299,231$42,835$2,008,603
64$2,301,091$241,087$0$2,131,797
65$2,460,702$177,800$0$2,268,173
66$2,634,227$109,046$0$2,420,420
67$2,823,013$34,484$0$2,586,077
68$3,028,537$0$0$2,766,463
69$3,252,428$0$0$2,967,610
70$3,496,478$0$0$3,190,605
71$3,762,659$0$0$3,433,834
72$4,053,141$0$0$3,699,283
73$4,370,312$0$0$3,989,136
74$4,716,804$0$0$4,305,799
75$5,095,510$0$0$4,651,920
76$5,509,618$0$0$5,030,413
77$5,962,638$0$0$5,444,488
78$6,458,434$0$0$5,897,679
79$7,001,260$0$0$6,393,879
80$7,595,803$0$0$6,937,371
81$8,247,222$0$0$7,532,877
82$8,961,200$0$0$8,185,593
83$9,743,996$0$0$8,901,243
84$10,602,503$0$0$9,686,132
85$11,544,313$0$0$10,547,204
86$12,577,789$0$0$11,492,108
87$13,712,142$0$0$12,529,268
88$14,957,519$0$0$13,667,965
89$16,325,097$0$0$14,918,422
90$17,827,188$0$0$16,291,899
91$19,477,355$0$0$17,800,803
92$21,290,541$0$0$19,458,799
93$23,283,206$0$0$21,280,944
94$25,473,486$0$0$23,283,824
95$27,881,359$0$0$25,485,713
96$30,528,837$0$0$27,906,743
97$33,440,170$0$0$30,569,096
98$36,642,078$0$0$33,497,207
99$40,163,996$0$0$36,718,004
100$44,038,360$0$0$40,261,150