Can I retire at age 45 with 713,000?

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 $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%16.3%
1 years$58,879$58,354$57,843$57,343$56,856$55,391
2 years$29,148$28,605$28,079$27,569$27,074$25,609
3 years$19,239$18,694$18,169$17,664$17,177$15,756
4 years$14,285$13,742$13,222$12,726$12,251$10,885
5 years$11,314$10,774$10,261$9,775$9,313$8,007
6 years$9,334$8,798$8,292$7,817$7,369$6,123
7 years$7,920$7,388$6,891$6,427$5,993$4,808
8 years$6,860$6,333$5,844$5,391$4,972$3,847
9 years$6,036$5,514$5,034$4,592$4,187$3,122
10 years$5,377$4,860$4,388$3,958$3,567$2,560
11 years$4,839$4,327$3,863$3,445$3,068$2,117
12 years$4,390$3,884$3,429$3,022$2,659$1,762
13 years$4,011$3,510$3,063$2,668$2,318$1,475
14 years$3,686$3,190$2,752$2,368$2,032$1,240
15 years$3,405$2,914$2,485$2,112$1,789$1,046
16 years$3,159$2,674$2,253$1,891$1,582$885
17 years$2,942$2,462$2,050$1,699$1,402$751
18 years$2,750$2,275$1,872$1,531$1,247$638
19 years$2,578$2,109$1,713$1,384$1,111$543
20 years$2,423$1,960$1,572$1,253$993$463
21 years$2,284$1,825$1,446$1,137$888$395
22 years$2,157$1,704$1,333$1,034$796$338
23 years$2,041$1,594$1,231$942$715$289
24 years$1,935$1,493$1,138$859$642$247
25 years$1,838$1,401$1,054$784$578$212
26 years$1,749$1,317$978$717$521$182
27 years$1,666$1,239$908$656$469$156
28 years$1,589$1,168$844$601$424$134
29 years$1,518$1,102$785$552$383$115
30 years$1,451$1,040$732$506$346$98
31 years$1,389$984$682$465$312$84
32 years$1,331$931$636$427$283$73
33 years$1,277$881$594$393$256$62
34 years$1,226$835$555$361$232$54
35 years$1,178$792$519$333$210$46
36 years$1,132$752$486$306$190$40
37 years$1,090$714$454$282$172$34
38 years$1,049$679$426$260$156$29
39 years$1,011$645$399$240$142$25
40 years$975$614$374$221$128$22
41 years$940$585$350$204$117$19
42 years$908$557$329$188$106$16
43 years$877$530$308$174$96$14
44 years$847$506$290$161$87$12
45 years$819$482$272$148$79$10
46 years$792$460$255$137$72$9
47 years$766$439$240$127$65$7
48 years$742$419$225$117$59$6
49 years$719$400$212$108$54$6
50 years$696$382$199$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $713,000, adding $2,240 every year, while hoping to spend $45,623 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: 40/48/12 Blend
44$713,000$713,000$713,000$713,000
45$788,037$750,248$739,196$816,648
46$819,874$738,467$715,417$825,277
47$853,429$724,580$689,311$829,943
48$888,830$708,436$660,755$833,985
49$926,215$689,874$629,614$837,366
50$965,735$668,723$595,752$840,052
51$1,007,555$644,806$559,025$842,007
52$1,051,855$617,931$519,281$843,195
53$1,098,832$587,897$476,365$843,583
54$1,148,700$554,492$430,111$843,139
55$1,201,696$517,490$380,348$841,830
56$1,258,075$476,653$326,896$839,629
57$1,318,120$431,731$269,568$836,511
58$1,382,140$382,456$208,170$832,452
59$1,450,470$328,549$142,496$827,435
60$1,523,482$269,712$72,333$821,448
61$1,601,580$205,631$0$814,483
62$1,685,210$135,975$0$806,867
63$1,774,858$60,395$0$808,188
64$1,871,060$0$0$809,224
65$1,974,402$0$0$821,383
66$2,085,529$0$0$868,826
67$2,205,147$0$0$919,964
68$2,334,034$0$0$975,137
69$2,473,041$0$0$1,034,720
70$2,623,107$0$0$1,099,124
71$2,785,261$0$0$1,168,802
72$2,960,635$0$0$1,244,250
73$3,150,471$0$0$1,326,015
74$3,356,139$0$0$1,414,697
75$3,579,140$0$0$1,510,959
76$3,821,129$0$0$1,615,526
77$4,083,924$0$0$1,729,197
78$4,369,524$0$0$1,852,854
79$4,680,131$0$0$1,987,462
80$5,018,164$0$0$2,134,088
81$5,386,288$0$0$2,293,902
82$5,787,432$0$0$2,468,195
83$6,224,823$0$0$2,658,385
84$6,702,011$0$0$2,866,036
85$7,222,903$0$0$3,092,867
86$7,791,801$0$0$3,340,770
87$8,413,439$0$0$3,611,832
88$9,093,031$0$0$3,908,347
89$9,836,316$0$0$4,232,841
90$10,649,614$0$0$4,588,098
91$11,539,883$0$0$4,977,182
92$12,514,785$0$0$5,403,466
93$13,582,759$0$0$5,870,668
94$14,753,098$0$0$6,382,880
95$16,036,036$0$0$6,944,610
96$17,442,845$0$0$7,560,823
97$18,985,938$0$0$8,236,987
98$20,678,991$0$0$8,979,126
99$22,537,064$0$0$9,793,876
100$24,576,748$0$0$10,688,544