Can I retire at age 45 with 713,000?

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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$58,879$58,354$57,843$57,343$56,856$56,450
2 years$29,148$28,605$28,079$27,569$27,074$26,665
3 years$19,239$18,694$18,169$17,664$17,177$16,777
4 years$14,285$13,742$13,222$12,726$12,251$11,863
5 years$11,314$10,774$10,261$9,775$9,313$8,939
6 years$9,334$8,798$8,292$7,817$7,369$7,009
7 years$7,920$7,388$6,891$6,427$5,993$5,647
8 years$6,860$6,333$5,844$5,391$4,972$4,640
9 years$6,036$5,514$5,034$4,592$4,187$3,869
10 years$5,377$4,860$4,388$3,958$3,567$3,264
11 years$4,839$4,327$3,863$3,445$3,068$2,778
12 years$4,390$3,884$3,429$3,022$2,659$2,382
13 years$4,011$3,510$3,063$2,668$2,318$2,055
14 years$3,686$3,190$2,752$2,368$2,032$1,782
15 years$3,405$2,914$2,485$2,112$1,789$1,551
16 years$3,159$2,674$2,253$1,891$1,582$1,355
17 years$2,942$2,462$2,050$1,699$1,402$1,188
18 years$2,750$2,275$1,872$1,531$1,247$1,044
19 years$2,578$2,109$1,713$1,384$1,111$919
20 years$2,423$1,960$1,572$1,253$993$811
21 years$2,284$1,825$1,446$1,137$888$717
22 years$2,157$1,704$1,333$1,034$796$635
23 years$2,041$1,594$1,231$942$715$563
24 years$1,935$1,493$1,138$859$642$499
25 years$1,838$1,401$1,054$784$578$443
26 years$1,749$1,317$978$717$521$394
27 years$1,666$1,239$908$656$469$351
28 years$1,589$1,168$844$601$424$312
29 years$1,518$1,102$785$552$383$278
30 years$1,451$1,040$732$506$346$248
31 years$1,389$984$682$465$312$221
32 years$1,331$931$636$427$283$197
33 years$1,277$881$594$393$256$176
34 years$1,226$835$555$361$232$157
35 years$1,178$792$519$333$210$140
36 years$1,132$752$486$306$190$125
37 years$1,090$714$454$282$172$112
38 years$1,049$679$426$260$156$100
39 years$1,011$645$399$240$142$89
40 years$975$614$374$221$128$80
41 years$940$585$350$204$117$72
42 years$908$557$329$188$106$64
43 years$877$530$308$174$96$57
44 years$847$506$290$161$87$51
45 years$819$482$272$148$79$46
46 years$792$460$255$137$72$41
47 years$766$439$240$127$65$37
48 years$742$419$225$117$59$33
49 years$719$400$212$108$54$29
50 years$696$382$199$100$49$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $713,000, adding $6,082 every year, while hoping to spend $31,045 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: 76/8/16 Blend
44$713,000$713,000$713,000$713,000
45$792,000$754,211$743,159$848,953
46$839,752$758,135$735,023$891,342
47$891,334$761,212$725,574$933,330
48$947,105$763,366$714,736$978,520
49$1,007,457$764,518$702,427$1,027,224
50$1,072,824$764,585$688,564$1,079,782
51$1,143,679$763,477$673,058$1,136,570
52$1,220,547$761,100$655,818$1,198,004
53$1,304,002$757,354$636,748$1,264,540
54$1,394,677$752,130$615,745$1,336,683
55$1,493,267$745,318$592,706$1,414,988
56$1,600,538$736,796$567,519$1,500,069
57$1,717,331$726,438$540,069$1,592,601
58$1,844,574$714,108$510,237$1,693,328
59$1,983,286$699,665$477,895$1,803,074
60$2,134,590$682,957$442,913$1,922,742
61$2,299,720$663,824$405,153$2,053,331
62$2,480,037$642,096$364,470$2,195,943
63$2,677,037$617,595$320,716$2,351,792
64$2,892,368$590,131$273,734$2,522,215
65$3,127,844$559,502$223,359$2,708,689
66$3,385,464$525,497$169,421$2,912,840
67$3,667,426$487,891$111,741$3,136,463
68$3,976,152$446,447$50,133$3,381,535
69$4,314,310$400,913$0$3,650,237
70$4,684,836$351,024$0$3,947,639
71$5,090,966$296,501$0$4,283,034
72$5,536,262$237,047$0$4,650,811
73$6,024,647$172,349$0$5,054,231
74$6,560,444$102,077$0$5,496,886
75$7,148,413$25,883$0$5,982,732
76$7,793,797$0$0$6,516,131
77$8,502,372$0$0$7,106,869
78$9,280,500$0$0$7,758,125
79$10,135,190$0$0$8,473,489
80$11,074,163$0$0$9,259,427
81$12,105,924$0$0$10,123,062
82$13,239,844$0$0$11,072,243
83$14,486,246$0$0$12,115,613
84$15,856,504$0$0$13,262,698
85$17,363,146$0$0$14,523,992
86$19,019,978$0$0$15,911,055
87$20,842,209$0$0$17,436,626
88$22,846,597$0$0$19,114,738
89$25,051,605$0$0$20,960,855
90$27,477,576$0$0$22,992,012
91$30,146,922$0$0$25,226,981
92$33,084,341$0$0$27,686,446
93$36,317,044$0$0$30,393,194
94$39,875,012$0$0$33,372,337
95$43,791,282$0$0$36,651,543
96$48,102,255$0$0$40,261,297
97$52,848,043$0$0$44,235,192
98$58,072,840$0$0$48,610,242
99$63,825,347$0$0$53,427,233
100$70,159,226$0$0$58,731,109