Can I retire at age 45 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$59,044$58,518$58,005$57,504$57,015$55,773
2 years$29,230$28,685$28,158$27,646$27,150$25,905
3 years$19,293$18,746$18,220$17,713$17,225$16,016
4 years$14,325$13,780$13,259$12,761$12,285$11,121
5 years$11,346$10,804$10,290$9,802$9,339$8,223
6 years$9,360$8,822$8,316$7,839$7,390$6,323
7 years$7,942$7,409$6,910$6,445$6,010$4,993
8 years$6,879$6,351$5,861$5,406$4,986$4,019
9 years$6,053$5,530$5,048$4,605$4,199$3,280
10 years$5,392$4,874$4,401$3,969$3,577$2,707
11 years$4,852$4,339$3,874$3,455$3,077$2,253
12 years$4,402$3,895$3,438$3,030$2,666$1,888
13 years$4,022$3,519$3,072$2,675$2,325$1,591
14 years$3,696$3,199$2,760$2,375$2,038$1,346
15 years$3,414$2,922$2,492$2,118$1,794$1,144
16 years$3,168$2,681$2,259$1,896$1,586$975
17 years$2,950$2,469$2,056$1,704$1,406$833
18 years$2,757$2,282$1,877$1,535$1,250$713
19 years$2,585$2,115$1,718$1,387$1,114$612
20 years$2,430$1,965$1,577$1,257$995$525
21 years$2,290$1,830$1,450$1,140$891$452
22 years$2,163$1,709$1,337$1,037$799$389
23 years$2,047$1,598$1,234$944$717$336
24 years$1,941$1,497$1,141$861$644$290
25 years$1,843$1,405$1,057$787$580$250
26 years$1,754$1,321$981$719$522$216
27 years$1,671$1,243$911$658$471$187
28 years$1,594$1,171$846$603$425$161
29 years$1,522$1,105$788$553$384$140
30 years$1,455$1,043$734$508$347$121
31 years$1,393$986$684$466$313$105
32 years$1,335$933$638$428$283$91
33 years$1,280$884$596$394$257$78
34 years$1,229$838$557$363$232$68
35 years$1,181$795$521$334$210$59
36 years$1,136$754$487$307$191$51
37 years$1,093$716$456$283$173$44
38 years$1,052$681$427$261$157$38
39 years$1,014$647$400$241$142$33
40 years$978$616$375$222$129$29
41 years$943$586$351$205$117$25
42 years$910$558$330$189$106$22
43 years$879$532$309$174$96$19
44 years$850$507$290$161$87$16
45 years$821$484$273$149$79$14
46 years$794$461$256$137$72$12
47 years$769$440$241$127$65$11
48 years$744$420$226$117$59$9
49 years$721$401$213$108$54$8
50 years$698$383$200$100$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $715,000, adding $3,108 every year, while hoping to spend $26,662 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: 56/33/11 Blend
44$715,000$715,000$715,000$715,000
45$791,136$753,241$742,158$833,101
46$843,464$761,782$738,653$870,382
47$900,235$769,847$734,136$907,764
48$961,876$777,386$728,546$947,849
49$1,028,853$784,344$721,818$990,898
50$1,101,681$790,662$713,884$1,037,202
51$1,180,925$796,277$704,672$1,087,081
52$1,267,210$801,125$694,108$1,140,886
53$1,361,219$805,133$682,115$1,199,008
54$1,463,706$808,228$668,609$1,261,876
55$1,575,502$810,329$653,505$1,329,966
56$1,697,520$811,352$636,714$1,403,802
57$1,830,765$811,207$618,142$1,483,962
58$1,976,345$809,797$597,691$1,571,086
59$2,135,476$807,022$575,259$1,665,878
60$2,309,503$802,773$550,737$1,769,118
61$2,499,900$796,937$524,015$1,881,664
62$2,708,295$789,392$494,975$2,004,464
63$2,936,478$780,010$463,493$2,138,567
64$3,186,422$768,654$429,444$2,285,127
65$3,460,299$755,179$392,692$2,445,419
66$3,760,500$739,434$353,098$2,620,852
67$4,089,660$721,255$310,516$2,812,977
68$4,450,681$700,472$264,793$3,023,510
69$4,846,758$676,903$215,771$3,254,341
70$5,281,411$650,354$163,283$3,507,557
71$5,758,517$620,625$107,156$3,785,461
72$6,282,348$587,497$47,208$4,090,594
73$6,857,609$550,746$0$4,425,760
74$7,489,481$510,129$0$4,796,018
75$8,183,675$465,392$0$5,208,854
76$8,946,480$416,266$0$5,662,510
77$9,784,826$362,468$0$6,161,163
78$10,706,345$303,696$0$6,709,421
79$11,719,449$239,634$0$7,312,363
80$12,833,403$169,946$0$7,975,590
81$14,058,415$94,278$0$8,705,282
82$15,405,732$12,257$0$9,508,248
83$16,887,746$0$0$10,391,999
84$18,518,111$0$0$11,392,601
85$20,311,869$0$0$12,498,453
86$22,285,595$0$0$13,715,332
87$24,457,552$0$0$15,054,507
88$26,847,861$0$0$16,528,394
89$29,478,694$0$0$18,150,675
90$32,374,482$0$0$19,936,425
91$35,562,142$0$0$21,902,255
92$39,071,335$0$0$24,066,467
93$42,934,744$0$0$26,449,229
94$47,188,383$0$0$29,072,765
95$51,871,933$0$0$31,961,561
96$57,029,120$0$0$35,142,600
97$62,708,127$0$0$38,645,616
98$68,962,048$0$0$42,503,372
99$75,849,385$0$0$46,751,969
100$83,434,607$0$0$51,431,191