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%14.5%
1 years$58,796$58,273$57,762$57,263$56,776$55,721
2 years$29,107$28,565$28,040$27,530$27,036$25,977
3 years$19,212$18,668$18,143$17,639$17,153$16,123
4 years$14,265$13,723$13,204$12,708$12,234$11,240
5 years$11,298$10,759$10,247$9,761$9,300$8,347
6 years$9,321$8,785$8,281$7,806$7,359$6,446
7 years$7,909$7,378$6,881$6,418$5,984$5,113
8 years$6,850$6,324$5,836$5,384$4,965$4,134
9 years$6,028$5,506$5,027$4,586$4,181$3,391
10 years$5,370$4,854$4,382$3,953$3,562$2,812
11 years$4,832$4,321$3,858$3,440$3,064$2,352
12 years$4,384$3,878$3,424$3,017$2,655$1,981
13 years$4,005$3,505$3,059$2,664$2,315$1,678
14 years$3,681$3,186$2,749$2,365$2,030$1,428
15 years$3,400$2,910$2,482$2,109$1,787$1,220
16 years$3,154$2,670$2,250$1,888$1,579$1,046
17 years$2,938$2,459$2,047$1,697$1,400$898
18 years$2,746$2,272$1,869$1,529$1,245$774
19 years$2,574$2,106$1,711$1,382$1,110$668
20 years$2,420$1,957$1,570$1,251$991$577
21 years$2,280$1,823$1,444$1,136$887$499
22 years$2,154$1,701$1,331$1,033$795$433
23 years$2,038$1,591$1,229$940$714$375
24 years$1,933$1,491$1,137$858$642$326
25 years$1,836$1,399$1,053$783$577$283
26 years$1,746$1,315$976$716$520$246
27 years$1,664$1,238$907$656$469$214
28 years$1,587$1,166$843$601$423$187
29 years$1,516$1,100$784$551$382$162
30 years$1,449$1,039$731$505$345$142
31 years$1,387$982$681$464$312$123
32 years$1,329$929$636$427$282$107
33 years$1,275$880$593$392$255$94
34 years$1,224$834$554$361$231$82
35 years$1,176$791$518$332$209$71
36 years$1,131$751$485$306$190$62
37 years$1,088$713$454$282$172$54
38 years$1,048$678$425$260$156$47
39 years$1,010$645$398$240$141$41
40 years$973$613$373$221$128$36
41 years$939$584$350$204$116$31
42 years$906$556$328$188$106$27
43 years$875$530$308$174$96$24
44 years$846$505$289$160$87$21
45 years$818$481$272$148$79$18
46 years$791$459$255$137$72$16
47 years$765$438$240$126$65$14
48 years$741$418$225$117$59$12
49 years$718$400$212$108$54$11
50 years$695$382$199$100$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $712,000, adding $4,860 every year, while hoping to spend $54,719 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: 79/11/10 Blend
44$712,000$712,000$712,000$712,000
45$789,637$751,901$740,865$850,325
46$811,959$730,524$707,463$869,487
47$834,725$706,265$671,109$882,914
48$857,920$678,925$631,645$896,043
49$881,531$648,295$588,907$908,821
50$905,537$614,151$542,725$921,187
51$929,915$576,258$492,920$933,076
52$954,638$534,367$439,305$944,415
53$979,674$488,214$381,685$955,128
54$1,004,985$437,520$319,855$965,127
55$1,030,527$381,993$253,604$974,319
56$1,056,251$321,320$182,709$982,602
57$1,082,097$255,173$106,939$989,863
58$1,108,000$183,206$26,050$995,980
59$1,133,884$105,051$0$1,000,818
60$1,159,664$20,322$0$1,010,664
61$1,185,242$0$0$1,022,309
62$1,210,508$0$0$1,041,468
63$1,235,340$0$0$1,062,696
64$1,259,598$0$0$1,083,412
65$1,283,124$0$0$1,103,479
66$1,305,745$0$0$1,122,744
67$1,327,262$0$0$1,141,036
68$1,347,457$0$0$1,158,162
69$1,366,083$0$0$1,173,908
70$1,382,867$0$0$1,188,035
71$1,397,501$0$0$1,200,276
72$1,409,647$0$0$1,210,334
73$1,418,923$0$0$1,217,878
74$1,424,909$0$0$1,222,541
75$1,427,135$0$0$1,223,914
76$1,425,080$0$0$1,221,541
77$1,418,166$0$0$1,214,919
78$1,405,749$0$0$1,203,489
79$1,387,118$0$0$1,186,629
80$1,361,483$0$0$1,163,651
81$1,327,969$0$0$1,133,794
82$1,285,607$0$0$1,096,211
83$1,233,323$0$0$1,049,968
84$1,169,927$0$0$994,030
85$1,094,106$0$0$927,250
86$1,004,404$0$0$848,362
87$899,212$0$0$755,963
88$776,748$0$0$648,502
89$635,047$0$0$524,267
90$471,933$0$0$381,362
91$285,003$0$0$217,696
92$71,602$0$0$30,955
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