Can I retire at age 45 with 712,000?

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 $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%13.1%
1 years$58,796$58,273$57,762$57,263$56,776$56,043
2 years$29,107$28,565$28,040$27,530$27,036$26,299
3 years$19,212$18,668$18,143$17,639$17,153$16,434
4 years$14,265$13,723$13,204$12,708$12,234$11,539
5 years$11,298$10,759$10,247$9,761$9,300$8,631
6 years$9,321$8,785$8,281$7,806$7,359$6,717
7 years$7,909$7,378$6,881$6,418$5,984$5,370
8 years$6,850$6,324$5,836$5,384$4,965$4,377
9 years$6,028$5,506$5,027$4,586$4,181$3,620
10 years$5,370$4,854$4,382$3,953$3,562$3,028
11 years$4,832$4,321$3,858$3,440$3,064$2,555
12 years$4,384$3,878$3,424$3,017$2,655$2,172
13 years$4,005$3,505$3,059$2,664$2,315$1,856
14 years$3,681$3,186$2,749$2,365$2,030$1,595
15 years$3,400$2,910$2,482$2,109$1,787$1,375
16 years$3,154$2,670$2,250$1,888$1,579$1,190
17 years$2,938$2,459$2,047$1,697$1,400$1,033
18 years$2,746$2,272$1,869$1,529$1,245$899
19 years$2,574$2,106$1,711$1,382$1,110$784
20 years$2,420$1,957$1,570$1,251$991$684
21 years$2,280$1,823$1,444$1,136$887$599
22 years$2,154$1,701$1,331$1,033$795$524
23 years$2,038$1,591$1,229$940$714$460
24 years$1,933$1,491$1,137$858$642$404
25 years$1,836$1,399$1,053$783$577$355
26 years$1,746$1,315$976$716$520$312
27 years$1,664$1,238$907$656$469$274
28 years$1,587$1,166$843$601$423$241
29 years$1,516$1,100$784$551$382$213
30 years$1,449$1,039$731$505$345$187
31 years$1,387$982$681$464$312$165
32 years$1,329$929$636$427$282$146
33 years$1,275$880$593$392$255$129
34 years$1,224$834$554$361$231$113
35 years$1,176$791$518$332$209$100
36 years$1,131$751$485$306$190$88
37 years$1,088$713$454$282$172$78
38 years$1,048$678$425$260$156$69
39 years$1,010$645$398$240$141$61
40 years$973$613$373$221$128$54
41 years$939$584$350$204$116$47
42 years$906$556$328$188$106$42
43 years$875$530$308$174$96$37
44 years$846$505$289$160$87$33
45 years$818$481$272$148$79$29
46 years$791$459$255$137$72$26
47 years$765$438$240$126$65$23
48 years$741$418$225$117$59$20
49 years$718$400$212$108$54$18
50 years$695$382$199$100$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $712,000, adding $6,971 every year, while hoping to spend $43,704 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: 59/26/15 Blend
44$712,000$712,000$712,000$712,000
45$791,815$754,079$743,043$835,119
46$826,079$744,528$721,434$855,627
47$862,374$733,044$697,636$872,518
48$900,859$719,487$671,531$889,914
49$941,712$703,707$642,992$907,869
50$985,124$685,546$611,890$926,445
51$1,031,306$664,837$578,087$945,713
52$1,080,488$641,403$541,442$965,751
53$1,132,922$615,056$501,805$986,649
54$1,188,885$585,598$459,020$1,008,510
55$1,248,678$552,820$412,924$1,031,447
56$1,312,634$516,499$363,348$1,055,589
57$1,381,116$476,401$310,114$1,081,081
58$1,454,523$432,277$253,036$1,108,087
59$1,533,293$383,867$191,920$1,136,789
60$1,617,904$330,892$126,565$1,167,393
61$1,708,885$273,060$56,760$1,200,128
62$1,806,814$210,063$0$1,235,253
63$1,912,325$141,572$0$1,275,895
64$2,026,117$67,243$0$1,329,416
65$2,148,955$0$0$1,387,123
66$2,281,683$0$0$1,453,257
67$2,425,225$0$0$1,545,633
68$2,580,599$0$0$1,645,671
69$2,748,923$0$0$1,754,098
70$2,931,427$0$0$1,871,713
71$3,129,463$0$0$1,999,393
72$3,344,518$0$0$2,138,105
73$3,578,228$0$0$2,288,911
74$3,832,393$0$0$2,452,980
75$4,108,991$0$0$2,631,598
76$4,410,202$0$0$2,826,179
77$4,738,423$0$0$3,038,282
78$5,096,290$0$0$3,269,621
79$5,486,709$0$0$3,522,081
80$5,912,874$0$0$3,797,739
81$6,378,304$0$0$4,098,881
82$6,886,870$0$0$4,428,023
83$7,442,836$0$0$4,787,936
84$8,050,896$0$0$5,181,671
85$8,716,219$0$0$5,612,585
86$9,444,494$0$0$6,084,378
87$10,241,989$0$0$6,601,121
88$11,115,605$0$0$7,167,301
89$12,072,940$0$0$7,787,856
90$13,122,366$0$0$8,468,227
91$14,273,099$0$0$9,214,405
92$15,535,293$0$0$10,032,990
93$16,920,131$0$0$10,931,250
94$18,439,929$0$0$11,917,191
95$20,108,256$0$0$12,999,633
96$21,940,058$0$0$14,188,292
97$23,951,797$0$0$15,493,869
98$26,161,610$0$0$16,928,153
99$28,589,475$0$0$18,504,132
100$31,257,404$0$0$20,236,114