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%17.9%
1 years$58,961$58,436$57,924$57,424$56,935$55,113
2 years$29,189$28,645$28,118$27,608$27,112$25,293
3 years$19,266$18,720$18,194$17,688$17,201$15,442
4 years$14,305$13,761$13,241$12,744$12,268$10,583
5 years$11,330$10,789$10,275$9,788$9,326$7,719
6 years$9,347$8,810$8,304$7,828$7,379$5,852
7 years$7,931$7,399$6,901$6,436$6,001$4,553
8 years$6,870$6,342$5,852$5,399$4,979$3,609
9 years$6,044$5,522$5,041$4,598$4,193$2,900
10 years$5,385$4,867$4,395$3,964$3,572$2,355
11 years$4,845$4,333$3,869$3,450$3,072$1,927
12 years$4,396$3,889$3,434$3,026$2,662$1,588
13 years$4,016$3,515$3,068$2,671$2,322$1,314
14 years$3,691$3,195$2,756$2,371$2,035$1,093
15 years$3,409$2,918$2,489$2,115$1,792$912
16 years$3,163$2,678$2,256$1,894$1,584$762
17 years$2,946$2,466$2,053$1,701$1,404$639
18 years$2,754$2,279$1,874$1,533$1,249$537
19 years$2,581$2,112$1,716$1,385$1,113$452
20 years$2,427$1,962$1,575$1,255$994$380
21 years$2,287$1,828$1,448$1,139$890$321
22 years$2,160$1,706$1,335$1,035$797$271
23 years$2,044$1,596$1,233$943$716$229
24 years$1,938$1,495$1,140$860$643$193
25 years$1,841$1,403$1,056$785$579$163
26 years$1,751$1,319$979$718$521$138
27 years$1,668$1,241$909$657$470$117
28 years$1,591$1,169$845$602$424$99
29 years$1,520$1,103$787$552$383$84
30 years$1,453$1,042$733$507$346$71
31 years$1,391$985$683$466$313$60
32 years$1,333$932$637$428$283$51
33 years$1,279$883$595$393$256$43
34 years$1,227$837$556$362$232$37
35 years$1,179$793$520$333$210$31
36 years$1,134$753$486$307$190$26
37 years$1,091$715$455$283$173$22
38 years$1,051$680$426$261$156$19
39 years$1,012$646$399$240$142$16
40 years$976$615$374$222$129$14
41 years$942$585$351$205$117$12
42 years$909$557$329$189$106$10
43 years$878$531$309$174$96$8
44 years$848$506$290$161$87$7
45 years$820$483$272$149$79$6
46 years$793$461$256$137$72$5
47 years$768$440$240$127$65$4
48 years$743$420$226$117$59$4
49 years$720$401$212$108$54$3
50 years$697$383$200$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $714,000, adding $2,185 every year, while hoping to spend $33,830 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: 60/14/26 Blend
44$714,000$714,000$714,000$714,000
45$789,082$751,240$740,173$830,787
46$833,573$752,056$728,974$860,251
47$881,469$751,778$716,266$888,552
48$933,081$750,317$701,962$918,709
49$988,750$747,577$685,973$950,912
50$1,048,854$743,460$668,204$985,368
51$1,113,804$737,857$648,557$1,022,309
52$1,184,056$730,655$626,927$1,061,992
53$1,260,107$721,735$603,206$1,104,698
54$1,342,507$710,968$577,283$1,150,741
55$1,431,858$698,222$549,037$1,200,470
56$1,528,824$683,351$518,347$1,254,269
57$1,634,135$666,206$485,082$1,312,562
58$1,748,593$646,626$449,108$1,375,822
59$1,873,080$624,442$410,284$1,444,569
60$2,008,568$599,473$368,463$1,519,379
61$2,156,126$571,531$323,490$1,600,890
62$2,316,929$540,414$275,205$1,689,807
63$2,492,271$505,910$223,440$1,786,910
64$2,683,577$467,795$168,020$1,893,060
65$2,892,416$425,830$108,762$2,009,209
66$3,120,511$379,765$45,475$2,136,412
67$3,369,765$329,334$0$2,275,832
68$3,642,267$274,258$0$2,434,876
69$3,940,321$214,240$0$2,622,704
70$4,266,463$148,967$0$2,828,319
71$4,623,485$78,108$0$3,053,518
72$5,014,461$1,316$0$3,300,281
73$5,442,776$0$0$3,570,792
74$5,912,161$0$0$3,880,059
75$6,426,721$0$0$4,219,371
76$6,990,979$0$0$4,591,514
77$7,609,916$0$0$4,999,781
78$8,289,019$0$0$5,447,799
79$9,034,332$0$0$5,939,564
80$9,852,511$0$0$6,479,475
81$10,750,890$0$0$7,072,380
82$11,737,547$0$0$7,723,620
83$12,821,380$0$0$8,439,077
84$14,012,191$0$0$9,225,232
85$15,320,781$0$0$10,089,223
86$16,759,047$0$0$11,038,916
87$18,340,095$0$0$12,082,977
88$20,078,366$0$0$13,230,952
89$21,989,770$0$0$14,493,359
90$24,091,834$0$0$15,881,787
91$26,403,871$0$0$17,409,002
92$28,947,158$0$0$19,089,072
93$31,745,138$0$0$20,937,496
94$34,823,641$0$0$22,971,352
95$38,211,127$0$0$25,209,456
96$41,938,954$0$0$27,672,539
97$46,041,673$0$0$30,383,446
98$50,557,356$0$0$33,367,347
99$55,527,950$0$0$36,651,977
100$60,999,679$0$0$40,267,896