Can I retire at age 45 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$58,796$58,273$57,762$57,263$56,776$54,805
2 years$29,107$28,565$28,040$27,530$27,036$25,071
3 years$19,212$18,668$18,143$17,639$17,153$15,255
4 years$14,265$13,723$13,204$12,708$12,234$10,418
5 years$11,298$10,759$10,247$9,761$9,300$7,570
6 years$9,321$8,785$8,281$7,806$7,359$5,717
7 years$7,909$7,378$6,881$6,418$5,984$4,431
8 years$6,850$6,324$5,836$5,384$4,965$3,498
9 years$6,028$5,506$5,027$4,586$4,181$2,798
10 years$5,370$4,854$4,382$3,953$3,562$2,262
11 years$4,832$4,321$3,858$3,440$3,064$1,843
12 years$4,384$3,878$3,424$3,017$2,655$1,511
13 years$4,005$3,505$3,059$2,664$2,315$1,245
14 years$3,681$3,186$2,749$2,365$2,030$1,030
15 years$3,400$2,910$2,482$2,109$1,787$855
16 years$3,154$2,670$2,250$1,888$1,579$712
17 years$2,938$2,459$2,047$1,697$1,400$594
18 years$2,746$2,272$1,869$1,529$1,245$496
19 years$2,574$2,106$1,711$1,382$1,110$415
20 years$2,420$1,957$1,570$1,251$991$348
21 years$2,280$1,823$1,444$1,136$887$292
22 years$2,154$1,701$1,331$1,033$795$245
23 years$2,038$1,591$1,229$940$714$206
24 years$1,933$1,491$1,137$858$642$173
25 years$1,836$1,399$1,053$783$577$145
26 years$1,746$1,315$976$716$520$122
27 years$1,664$1,238$907$656$469$103
28 years$1,587$1,166$843$601$423$87
29 years$1,516$1,100$784$551$382$73
30 years$1,449$1,039$731$505$345$61
31 years$1,387$982$681$464$312$52
32 years$1,329$929$636$427$282$44
33 years$1,275$880$593$392$255$37
34 years$1,224$834$554$361$231$31
35 years$1,176$791$518$332$209$26
36 years$1,131$751$485$306$190$22
37 years$1,088$713$454$282$172$19
38 years$1,048$678$425$260$156$16
39 years$1,010$645$398$240$141$13
40 years$973$613$373$221$128$11
41 years$939$584$350$204$116$9
42 years$906$556$328$188$106$8
43 years$875$530$308$174$96$7
44 years$846$505$289$160$87$6
45 years$818$481$272$148$79$5
46 years$791$459$255$137$72$4
47 years$765$438$240$126$65$3
48 years$741$418$225$117$59$3
49 years$718$400$212$108$54$2
50 years$695$382$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 $712,000, adding $3,503 every year, while hoping to spend $27,947 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: 66/8/26 Blend
44$712,000$712,000$712,000$712,000
45$788,237$750,501$739,465$834,696
46$838,902$757,541$734,502$873,469
47$893,798$763,988$728,436$912,381
48$953,327$769,785$721,200$954,298
49$1,017,932$774,870$712,726$999,515
50$1,088,098$779,176$702,939$1,048,362
51$1,164,361$782,632$691,764$1,101,202
52$1,247,309$785,164$679,121$1,158,434
53$1,337,589$786,692$664,927$1,220,501
54$1,435,914$787,131$649,093$1,287,890
55$1,543,068$786,391$631,528$1,361,139
56$1,659,913$784,376$612,136$1,440,842
57$1,787,399$780,986$590,818$1,527,654
58$1,926,572$776,111$567,468$1,622,299
59$2,078,581$769,640$541,977$1,725,574
60$2,244,693$761,449$514,230$1,838,359
61$2,426,302$751,411$484,107$1,961,626
62$2,624,944$739,389$451,484$2,096,447
63$2,842,309$725,240$416,230$2,244,004
64$3,080,259$708,811$378,208$2,405,600
65$3,340,842$689,939$337,275$2,582,676
66$3,626,317$668,455$293,282$2,776,818
67$3,939,168$644,176$246,074$2,989,777
68$4,282,133$616,911$195,487$3,223,485
69$4,658,228$586,457$141,353$3,480,072
70$5,070,773$552,599$83,494$3,761,889
71$5,523,426$515,110$21,725$4,071,526
72$6,020,215$473,750$0$4,411,842
73$6,565,579$428,266$0$4,798,250
74$7,164,407$378,390$0$5,229,195
75$7,822,082$323,837$0$5,702,536
76$8,544,538$264,308$0$6,222,562
77$9,338,310$199,488$0$6,794,000
78$10,210,596$129,042$0$7,422,057
79$11,169,329$52,617$0$8,112,472
80$12,223,245$0$0$8,871,568
81$13,381,973$0$0$9,708,969
82$14,656,117$0$0$10,634,923
83$16,057,364$0$0$11,653,298
84$17,598,587$0$0$12,773,455
85$19,293,970$0$0$14,005,712
86$21,159,144$0$0$15,361,434
87$23,211,326$0$0$16,853,144
88$25,469,490$0$0$18,494,641
89$27,954,541$0$0$20,301,129
90$30,689,513$0$0$22,289,359
91$33,699,786$0$0$24,477,791
92$37,013,325$0$0$26,886,763
93$40,660,944$0$0$29,538,686
94$44,676,597$0$0$32,458,253
95$49,097,695$0$0$35,672,674
96$53,965,464$0$0$39,211,933
97$59,325,329$0$0$43,109,065
98$65,227,345$0$0$47,400,478
99$71,726,668$0$0$52,126,284
100$78,884,076$0$0$57,330,688