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%15.6%
1 years$58,879$58,354$57,843$57,343$56,856$55,549
2 years$29,148$28,605$28,079$27,569$27,074$25,765
3 years$19,239$18,694$18,169$17,664$17,177$15,906
4 years$14,285$13,742$13,222$12,726$12,251$11,028
5 years$11,314$10,774$10,261$9,775$9,313$8,141
6 years$9,334$8,798$8,292$7,817$7,369$6,250
7 years$7,920$7,388$6,891$6,427$5,993$4,927
8 years$6,860$6,333$5,844$5,391$4,972$3,959
9 years$6,036$5,514$5,034$4,592$4,187$3,226
10 years$5,377$4,860$4,388$3,958$3,567$2,657
11 years$4,839$4,327$3,863$3,445$3,068$2,207
12 years$4,390$3,884$3,429$3,022$2,659$1,846
13 years$4,011$3,510$3,063$2,668$2,318$1,552
14 years$3,686$3,190$2,752$2,368$2,032$1,311
15 years$3,405$2,914$2,485$2,112$1,789$1,111
16 years$3,159$2,674$2,253$1,891$1,582$945
17 years$2,942$2,462$2,050$1,699$1,402$806
18 years$2,750$2,275$1,872$1,531$1,247$688
19 years$2,578$2,109$1,713$1,384$1,111$589
20 years$2,423$1,960$1,572$1,253$993$505
21 years$2,284$1,825$1,446$1,137$888$433
22 years$2,157$1,704$1,333$1,034$796$372
23 years$2,041$1,594$1,231$942$715$320
24 years$1,935$1,493$1,138$859$642$276
25 years$1,838$1,401$1,054$784$578$237
26 years$1,749$1,317$978$717$521$205
27 years$1,666$1,239$908$656$469$176
28 years$1,589$1,168$844$601$424$152
29 years$1,518$1,102$785$552$383$131
30 years$1,451$1,040$732$506$346$113
31 years$1,389$984$682$465$312$98
32 years$1,331$931$636$427$283$85
33 years$1,277$881$594$393$256$73
34 years$1,226$835$555$361$232$63
35 years$1,178$792$519$333$210$55
36 years$1,132$752$486$306$190$47
37 years$1,090$714$454$282$172$41
38 years$1,049$679$426$260$156$35
39 years$1,011$645$399$240$142$30
40 years$975$614$374$221$128$26
41 years$940$585$350$204$117$23
42 years$908$557$329$188$106$20
43 years$877$530$308$174$96$17
44 years$847$506$290$161$87$15
45 years$819$482$272$148$79$13
46 years$792$460$255$137$72$11
47 years$766$439$240$127$65$10
48 years$742$419$225$117$59$8
49 years$719$400$212$108$54$7
50 years$696$382$199$100$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $713,000, adding $3,571 every year, while hoping to spend $21,866 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: 43/38/19 Blend
44$713,000$713,000$713,000$713,000
45$789,409$751,620$740,569$818,849
46$846,664$765,185$742,113$853,545
47$909,026$778,681$742,975$888,695
48$976,992$792,082$743,111$926,322
49$1,051,112$805,360$742,472$966,666
50$1,131,987$818,485$741,006$1,009,989
51$1,220,282$831,423$738,662$1,056,582
52$1,316,727$844,139$735,384$1,106,768
53$1,422,127$856,595$731,113$1,160,900
54$1,537,367$868,752$725,788$1,219,371
55$1,663,422$880,564$719,346$1,282,612
56$1,801,366$891,987$711,719$1,351,100
57$1,952,382$902,970$702,838$1,425,363
58$2,117,769$913,461$692,628$1,505,982
59$2,298,964$923,402$681,012$1,593,597
60$2,497,543$932,734$667,911$1,688,919
61$2,715,246$941,391$653,240$1,792,728
62$2,953,987$949,306$636,910$1,905,886
63$3,215,877$956,405$618,829$2,029,348
64$3,503,238$962,610$598,901$2,164,162
65$3,818,628$967,838$577,025$2,311,490
66$4,164,868$972,002$553,095$2,472,610
67$4,545,061$975,006$527,000$2,648,936
68$4,962,628$976,753$498,626$2,842,026
69$5,421,338$977,135$467,851$3,053,599
70$5,925,340$976,040$434,549$3,285,553
71$6,479,207$973,349$398,590$3,539,980
72$7,087,978$968,935$359,834$3,819,192
73$7,757,202$962,663$318,139$4,125,736
74$8,492,993$954,390$273,353$4,462,423
75$9,302,089$943,966$225,321$4,832,354
76$10,191,912$931,229$173,879$5,238,951
77$11,170,638$916,010$118,855$5,685,986
78$12,247,277$898,129$60,070$6,177,624
79$13,431,756$877,394$0$6,718,454
80$14,735,013$853,604$0$7,314,081
81$16,169,098$826,545$0$7,982,582
82$17,747,290$795,990$0$8,717,967
83$19,484,220$761,699$0$9,527,074
84$21,396,007$723,420$0$10,417,441
85$23,500,415$680,883$0$11,397,376
86$25,817,017$633,805$0$12,476,041
87$28,367,378$581,887$0$13,663,536
88$31,175,262$524,811$0$14,970,995
89$34,266,854$462,242$0$16,410,692
90$37,671,008$393,826$0$17,996,158
91$41,419,516$319,189$0$19,742,309
92$45,547,414$237,937$0$21,665,588
93$50,093,305$149,650$0$23,784,122
94$55,099,729$53,890$0$26,117,892
95$60,613,560$0$0$28,688,926
96$66,686,453$0$0$31,542,330
97$73,375,325$0$0$34,710,101
98$80,742,898$0$0$38,199,424
99$88,858,287$0$0$42,043,048
100$97,797,654$0$0$46,277,061