Can I retire at age 45 with 714,000?

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 $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%19.7%
1 years$58,961$58,436$57,924$57,424$56,935$54,720
2 years$29,189$28,645$28,118$27,608$27,112$24,907
3 years$19,266$18,720$18,194$17,688$17,201$15,075
4 years$14,305$13,761$13,241$12,744$12,268$10,238
5 years$11,330$10,789$10,275$9,788$9,326$7,397
6 years$9,347$8,810$8,304$7,828$7,379$5,552
7 years$7,931$7,399$6,901$6,436$6,001$4,276
8 years$6,870$6,342$5,852$5,399$4,979$3,353
9 years$6,044$5,522$5,041$4,598$4,193$2,665
10 years$5,385$4,867$4,395$3,964$3,572$2,139
11 years$4,845$4,333$3,869$3,450$3,072$1,731
12 years$4,396$3,889$3,434$3,026$2,662$1,409
13 years$4,016$3,515$3,068$2,671$2,322$1,152
14 years$3,691$3,195$2,756$2,371$2,035$946
15 years$3,409$2,918$2,489$2,115$1,792$779
16 years$3,163$2,678$2,256$1,894$1,584$643
17 years$2,946$2,466$2,053$1,701$1,404$532
18 years$2,754$2,279$1,874$1,533$1,249$441
19 years$2,581$2,112$1,716$1,385$1,113$366
20 years$2,427$1,962$1,575$1,255$994$304
21 years$2,287$1,828$1,448$1,139$890$253
22 years$2,160$1,706$1,335$1,035$797$210
23 years$2,044$1,596$1,233$943$716$175
24 years$1,938$1,495$1,140$860$643$146
25 years$1,841$1,403$1,056$785$579$122
26 years$1,751$1,319$979$718$521$101
27 years$1,668$1,241$909$657$470$85
28 years$1,591$1,169$845$602$424$71
29 years$1,520$1,103$787$552$383$59
30 years$1,453$1,042$733$507$346$49
31 years$1,391$985$683$466$313$41
32 years$1,333$932$637$428$283$34
33 years$1,279$883$595$393$256$29
34 years$1,227$837$556$362$232$24
35 years$1,179$793$520$333$210$20
36 years$1,134$753$486$307$190$17
37 years$1,091$715$455$283$173$14
38 years$1,051$680$426$261$156$12
39 years$1,012$646$399$240$142$10
40 years$976$615$374$222$129$8
41 years$942$585$351$205$117$7
42 years$909$557$329$189$106$6
43 years$878$531$309$174$96$5
44 years$848$506$290$161$87$4
45 years$820$483$272$149$79$3
46 years$793$461$256$137$72$3
47 years$768$440$240$127$65$2
48 years$743$420$226$117$59$2
49 years$720$401$212$108$54$2
50 years$697$383$200$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $714,000, adding $6,165 every year, while hoping to spend $22,111 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: 48/29/23 Blend
44$714,000$714,000$714,000$714,000
45$793,187$755,345$744,278$825,816
46$850,566$768,831$745,686$862,722
47$913,057$782,237$746,399$900,078
48$981,158$795,535$746,372$940,193
49$1,055,416$808,696$745,556$983,339
50$1,136,435$821,689$743,898$1,029,811
51$1,224,879$834,480$741,347$1,079,938
52$1,321,479$847,032$737,844$1,134,083
53$1,427,040$859,306$733,332$1,192,645
54$1,542,447$871,261$727,748$1,256,065
55$1,668,676$882,852$721,027$1,324,831
56$1,806,801$894,032$713,101$1,399,480
57$1,958,003$904,749$703,899$1,480,605
58$2,123,586$914,948$693,346$1,568,860
59$2,304,984$924,572$681,365$1,664,967
60$2,503,775$933,559$667,873$1,769,725
61$2,721,698$941,841$652,785$1,884,012
62$2,960,670$949,350$636,012$2,008,800
63$3,222,799$956,009$617,459$2,145,158
64$3,510,411$961,740$597,030$2,294,269
65$3,826,063$966,455$574,621$2,457,436
66$4,172,576$970,066$550,126$2,636,098
67$4,553,056$972,476$523,432$2,831,842
68$4,970,923$973,583$494,422$3,046,418
69$5,429,946$973,278$462,974$3,281,759
70$5,934,277$971,445$428,961$3,539,995
71$6,488,490$967,963$392,248$3,823,476
72$7,097,624$962,701$352,696$4,134,794
73$7,767,230$955,521$310,159$4,476,811
74$8,503,423$946,277$264,485$4,852,681
75$9,312,942$934,815$215,515$5,265,881
76$10,203,210$920,969$163,083$5,720,251
77$11,182,407$904,566$107,015$6,220,023
78$12,259,543$885,420$47,131$6,769,863
79$13,444,548$863,337$0$7,374,921
80$14,748,361$838,110$0$8,044,989
81$16,183,036$809,520$0$8,794,822
82$17,761,854$777,334$0$9,619,796
83$19,499,447$741,308$0$10,527,576
84$21,411,941$701,182$0$11,526,613
85$23,517,101$656,682$0$12,626,219
86$25,834,503$607,517$0$13,836,661
87$28,385,718$553,381$0$15,169,256
88$31,194,513$493,949$0$16,636,475
89$34,287,080$428,879$0$18,252,070
90$37,692,276$357,808$0$20,031,193
91$41,441,902$280,354$0$21,990,548
92$45,570,997$196,113$0$24,148,548
93$50,118,174$104,657$0$26,525,486
94$55,125,979$5,537$0$29,143,731
95$60,641,297$0$0$32,027,935
96$66,715,789$0$0$35,237,736
97$73,406,386$0$0$38,775,149
98$80,775,820$0$0$42,671,587
99$88,893,218$0$0$46,963,615
100$97,834,757$0$0$51,691,524