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%13.3%
1 years$58,961$58,436$57,924$57,424$56,935$56,154
2 years$29,189$28,645$28,118$27,608$27,112$26,326
3 years$19,266$18,720$18,194$17,688$17,201$16,435
4 years$14,305$13,761$13,241$12,744$12,268$11,528
5 years$11,330$10,789$10,275$9,788$9,326$8,614
6 years$9,347$8,810$8,304$7,828$7,379$6,696
7 years$7,931$7,399$6,901$6,436$6,001$5,347
8 years$6,870$6,342$5,852$5,399$4,979$4,354
9 years$6,044$5,522$5,041$4,598$4,193$3,597
10 years$5,385$4,867$4,395$3,964$3,572$3,004
11 years$4,845$4,333$3,869$3,450$3,072$2,532
12 years$4,396$3,889$3,434$3,026$2,662$2,149
13 years$4,016$3,515$3,068$2,671$2,322$1,835
14 years$3,691$3,195$2,756$2,371$2,035$1,574
15 years$3,409$2,918$2,489$2,115$1,792$1,356
16 years$3,163$2,678$2,256$1,894$1,584$1,172
17 years$2,946$2,466$2,053$1,701$1,404$1,016
18 years$2,754$2,279$1,874$1,533$1,249$882
19 years$2,581$2,112$1,716$1,385$1,113$768
20 years$2,427$1,962$1,575$1,255$994$670
21 years$2,287$1,828$1,448$1,139$890$585
22 years$2,160$1,706$1,335$1,035$797$512
23 years$2,044$1,596$1,233$943$716$448
24 years$1,938$1,495$1,140$860$643$393
25 years$1,841$1,403$1,056$785$579$344
26 years$1,751$1,319$979$718$521$302
27 years$1,668$1,241$909$657$470$266
28 years$1,591$1,169$845$602$424$233
29 years$1,520$1,103$787$552$383$205
30 years$1,453$1,042$733$507$346$181
31 years$1,391$985$683$466$313$159
32 years$1,333$932$637$428$283$140
33 years$1,279$883$595$393$256$123
34 years$1,227$837$556$362$232$109
35 years$1,179$793$520$333$210$96
36 years$1,134$753$486$307$190$84
37 years$1,091$715$455$283$173$74
38 years$1,051$680$426$261$156$66
39 years$1,012$646$399$240$142$58
40 years$976$615$374$222$129$51
41 years$942$585$351$205$117$45
42 years$909$557$329$189$106$40
43 years$878$531$309$174$96$35
44 years$848$506$290$161$87$31
45 years$820$483$272$149$79$27
46 years$793$461$256$137$72$24
47 years$768$440$240$127$65$21
48 years$743$420$226$117$59$19
49 years$720$401$212$108$54$16
50 years$697$383$200$100$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $714,000, adding $3,018 every year, while hoping to spend $24,046 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: 71/18/11 Blend
44$714,000$714,000$714,000$714,000
45$789,941$752,099$741,032$844,057
46$844,930$763,367$740,272$891,560
47$904,723$774,381$738,680$940,310
48$969,782$785,104$736,204$993,028
49$1,040,621$795,495$732,787$1,050,099
50$1,117,800$805,510$728,372$1,111,950
51$1,201,939$815,104$722,896$1,179,049
52$1,293,719$824,226$716,296$1,251,912
53$1,393,891$832,825$708,503$1,331,108
54$1,503,278$840,844$699,449$1,417,264
55$1,622,790$848,223$689,058$1,511,073
56$1,753,427$854,898$677,253$1,613,294
57$1,896,289$860,802$663,955$1,724,769
58$2,052,591$865,860$649,077$1,846,422
59$2,223,665$869,998$632,531$1,979,274
60$2,410,983$873,132$614,225$2,124,449
61$2,616,164$875,176$594,062$2,283,185
62$2,840,989$876,036$571,940$2,456,850
63$3,087,423$875,615$547,753$2,646,948
64$3,357,628$873,808$521,390$2,855,139
65$3,653,985$870,503$492,736$3,083,253
66$3,979,118$865,585$461,669$3,333,306
67$4,335,916$858,926$428,063$3,607,522
68$4,727,561$850,395$391,785$3,908,349
69$5,157,560$839,852$352,697$4,238,490
70$5,629,774$827,148$310,656$4,600,921
71$6,148,458$812,125$265,509$4,998,924
72$6,718,297$794,615$217,100$5,436,117
73$7,344,455$774,443$165,264$5,916,486
74$8,032,618$751,420$109,830$6,444,428
75$8,789,054$725,349$50,618$7,024,788
76$9,620,666$696,019$0$7,662,905
77$10,535,058$663,208$0$8,366,143
78$11,540,611$626,682$0$9,145,949
79$12,646,555$586,191$0$10,003,555
80$13,863,063$541,474$0$10,946,867
81$15,201,342$492,253$0$11,984,603
82$16,673,739$438,233$0$13,126,367
83$18,293,859$379,105$0$14,382,745
84$20,076,692$314,541$0$15,765,406
85$22,038,755$244,194$0$17,287,205
86$24,198,247$167,699$0$18,962,314
87$26,575,221$84,669$0$20,806,348
88$29,191,773$0$0$22,836,518
89$32,072,247$0$0$25,072,843
90$35,243,472$0$0$27,553,408
91$38,735,006$0$0$30,284,568
92$42,579,424$0$0$33,291,809
93$46,812,616$0$0$36,603,213
94$51,474,131$0$0$40,249,722
95$56,607,549$0$0$44,265,434
96$62,260,893$0$0$48,687,922
97$68,487,078$0$0$53,558,587
98$75,344,414$0$0$58,923,051
99$82,897,156$0$0$64,831,587
100$91,216,107$0$0$71,339,594