Can I retire at age 45 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$58,961$58,436$57,924$57,424$56,935$54,828
2 years$29,189$28,645$28,118$27,608$27,112$25,013
3 years$19,266$18,720$18,194$17,688$17,201$15,176
4 years$14,305$13,761$13,241$12,744$12,268$10,332
5 years$11,330$10,789$10,275$9,788$9,326$7,485
6 years$9,347$8,810$8,304$7,828$7,379$5,634
7 years$7,931$7,399$6,901$6,436$6,001$4,351
8 years$6,870$6,342$5,852$5,399$4,979$3,423
9 years$6,044$5,522$5,041$4,598$4,193$2,728
10 years$5,385$4,867$4,395$3,964$3,572$2,197
11 years$4,845$4,333$3,869$3,450$3,072$1,783
12 years$4,396$3,889$3,434$3,026$2,662$1,456
13 years$4,016$3,515$3,068$2,671$2,322$1,195
14 years$3,691$3,195$2,756$2,371$2,035$985
15 years$3,409$2,918$2,489$2,115$1,792$814
16 years$3,163$2,678$2,256$1,894$1,584$674
17 years$2,946$2,466$2,053$1,701$1,404$560
18 years$2,754$2,279$1,874$1,533$1,249$466
19 years$2,581$2,112$1,716$1,385$1,113$388
20 years$2,427$1,962$1,575$1,255$994$324
21 years$2,287$1,828$1,448$1,139$890$270
22 years$2,160$1,706$1,335$1,035$797$226
23 years$2,044$1,596$1,233$943$716$189
24 years$1,938$1,495$1,140$860$643$158
25 years$1,841$1,403$1,056$785$579$132
26 years$1,751$1,319$979$718$521$111
27 years$1,668$1,241$909$657$470$93
28 years$1,591$1,169$845$602$424$78
29 years$1,520$1,103$787$552$383$65
30 years$1,453$1,042$733$507$346$54
31 years$1,391$985$683$466$313$46
32 years$1,333$932$637$428$283$38
33 years$1,279$883$595$393$256$32
34 years$1,227$837$556$362$232$27
35 years$1,179$793$520$333$210$23
36 years$1,134$753$486$307$190$19
37 years$1,091$715$455$283$173$16
38 years$1,051$680$426$261$156$13
39 years$1,012$646$399$240$142$11
40 years$976$615$374$222$129$9
41 years$942$585$351$205$117$8
42 years$909$557$329$189$106$7
43 years$878$531$309$174$96$6
44 years$848$506$290$161$87$5
45 years$820$483$272$149$79$4
46 years$793$461$256$137$72$3
47 years$768$440$240$127$65$3
48 years$743$420$226$117$59$2
49 years$720$401$212$108$54$2
50 years$697$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $714,000, adding $3,405 every year, while hoping to spend $50,010 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: 40/31/29 Blend
44$714,000$714,000$714,000$714,000
45$790,340$752,498$741,431$815,074
46$817,745$736,160$713,059$817,065
47$846,268$717,346$682,060$814,339
48$875,972$695,881$648,294$810,445
49$906,923$671,580$611,613$805,309
50$939,191$644,249$571,864$798,853
51$972,852$613,682$528,885$790,994
52$1,007,990$579,659$482,510$781,648
53$1,044,693$541,950$432,562$770,727
54$1,083,058$500,312$378,859$758,138
55$1,123,187$454,484$321,208$743,787
56$1,165,194$404,196$259,410$727,574
57$1,209,200$349,157$193,256$709,397
58$1,255,336$289,064$122,529$689,149
59$1,303,747$223,595$47,000$666,721
60$1,354,588$152,409$0$642,001
61$1,408,026$75,148$0$625,268
62$1,464,246$0$0$622,202
63$1,523,448$0$0$621,123
64$1,585,849$0$0$647,042
65$1,651,685$0$0$674,424
66$1,721,215$0$0$703,383
67$1,794,721$0$0$734,042
68$1,872,509$0$0$766,533
69$1,954,915$0$0$801,003
70$2,042,307$0$0$837,613
71$2,135,083$0$0$876,536
72$2,233,684$0$0$917,964
73$2,338,588$0$0$962,106
74$2,450,320$0$0$1,009,192
75$2,569,454$0$0$1,059,473
76$2,696,619$0$0$1,113,223
77$2,832,506$0$0$1,170,745
78$2,977,869$0$0$1,232,370
79$3,133,537$0$0$1,298,460
80$3,300,419$0$0$1,369,413
81$3,479,512$0$0$1,445,667
82$3,671,909$0$0$1,527,700
83$3,878,812$0$0$1,616,041
84$4,101,539$0$0$1,711,266
85$4,341,536$0$0$1,814,011
86$4,600,396$0$0$1,924,974
87$4,879,863$0$0$2,044,923
88$5,181,859$0$0$2,174,700
89$5,508,491$0$0$2,315,231
90$5,862,080$0$0$2,467,537
91$6,245,175$0$0$2,632,736
92$6,660,577$0$0$2,812,061
93$7,111,371$0$0$3,006,867
94$7,600,944$0$0$3,218,644
95$8,133,027$0$0$3,449,033
96$8,711,721$0$0$3,699,837
97$9,341,539$0$0$3,973,042
98$10,027,447$0$0$4,270,832
99$10,774,910$0$0$4,595,612
100$11,589,941$0$0$4,950,027