Can I retire at age 45 with 715,000?

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 $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%19.2%
1 years$59,044$58,518$58,005$57,504$57,015$54,905
2 years$29,230$28,685$28,158$27,646$27,150$25,048
3 years$19,293$18,746$18,220$17,713$17,225$15,197
4 years$14,325$13,780$13,259$12,761$12,285$10,347
5 years$11,346$10,804$10,290$9,802$9,339$7,495
6 years$9,360$8,822$8,316$7,839$7,390$5,642
7 years$7,942$7,409$6,910$6,445$6,010$4,357
8 years$6,879$6,351$5,861$5,406$4,986$3,427
9 years$6,053$5,530$5,048$4,605$4,199$2,732
10 years$5,392$4,874$4,401$3,969$3,577$2,200
11 years$4,852$4,339$3,874$3,455$3,077$1,786
12 years$4,402$3,895$3,438$3,030$2,666$1,458
13 years$4,022$3,519$3,072$2,675$2,325$1,197
14 years$3,696$3,199$2,760$2,375$2,038$986
15 years$3,414$2,922$2,492$2,118$1,794$815
16 years$3,168$2,681$2,259$1,896$1,586$675
17 years$2,950$2,469$2,056$1,704$1,406$561
18 years$2,757$2,282$1,877$1,535$1,250$466
19 years$2,585$2,115$1,718$1,387$1,114$388
20 years$2,430$1,965$1,577$1,257$995$324
21 years$2,290$1,830$1,450$1,140$891$270
22 years$2,163$1,709$1,337$1,037$799$226
23 years$2,047$1,598$1,234$944$717$189
24 years$1,941$1,497$1,141$861$644$158
25 years$1,843$1,405$1,057$787$580$132
26 years$1,754$1,321$981$719$522$111
27 years$1,671$1,243$911$658$471$93
28 years$1,594$1,171$846$603$425$78
29 years$1,522$1,105$788$553$384$65
30 years$1,455$1,043$734$508$347$55
31 years$1,393$986$684$466$313$46
32 years$1,335$933$638$428$283$38
33 years$1,280$884$596$394$257$32
34 years$1,229$838$557$363$232$27
35 years$1,181$795$521$334$210$23
36 years$1,136$754$487$307$191$19
37 years$1,093$716$456$283$173$16
38 years$1,052$681$427$261$157$13
39 years$1,014$647$400$241$142$11
40 years$978$616$375$222$129$9
41 years$943$586$351$205$117$8
42 years$910$558$330$189$106$7
43 years$879$532$309$174$96$6
44 years$850$507$290$161$87$5
45 years$821$484$273$149$79$4
46 years$794$461$256$137$72$3
47 years$769$440$241$127$65$3
48 years$744$420$226$117$59$2
49 years$721$401$213$108$54$2
50 years$698$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 $715,000, adding $3,049 every year, while hoping to spend $49,648 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: 75/16/9 Blend
44$715,000$715,000$715,000$715,000
45$791,075$753,180$742,098$848,989
46$818,940$737,261$714,133$871,635
47$847,982$718,897$683,567$889,859
48$878,271$697,918$650,261$908,423
49$909,879$674,140$614,069$927,345
50$942,884$647,371$574,838$946,641
51$977,372$617,406$532,409$966,334
52$1,013,435$584,030$486,616$986,449
53$1,051,172$547,014$437,284$1,007,012
54$1,090,691$506,117$384,232$1,028,056
55$1,132,108$461,083$327,271$1,049,617
56$1,175,550$411,643$266,201$1,071,735
57$1,221,154$357,511$200,816$1,094,458
58$1,269,069$298,386$130,901$1,117,837
59$1,319,457$233,950$56,229$1,141,934
60$1,372,494$163,867$0$1,166,814
61$1,428,373$87,780$0$1,194,807
62$1,487,301$5,316$0$1,229,655
63$1,549,507$0$0$1,266,075
64$1,615,239$0$0$1,318,978
65$1,684,767$0$0$1,375,938
66$1,758,388$0$0$1,436,265
67$1,836,423$0$0$1,500,225
68$1,919,227$0$0$1,568,109
69$2,007,185$0$0$1,640,234
70$2,100,719$0$0$1,716,951
71$2,200,290$0$0$1,798,639
72$2,306,404$0$0$1,885,715
73$2,419,615$0$0$1,978,638
74$2,540,530$0$0$2,077,907
75$2,669,812$0$0$2,184,070
76$2,808,191$0$0$2,297,731
77$2,956,465$0$0$2,419,547
78$3,115,511$0$0$2,550,244
79$3,286,291$0$0$2,690,614
80$3,469,859$0$0$2,841,530
81$3,667,375$0$0$3,003,948
82$3,880,111$0$0$3,178,920
83$4,109,464$0$0$3,367,598
84$4,356,968$0$0$3,571,251
85$4,624,311$0$0$3,791,272
86$4,913,345$0$0$4,029,190
87$5,226,107$0$0$4,286,690
88$5,564,836$0$0$4,565,620
89$5,931,994$0$0$4,868,014
90$6,330,288$0$0$5,196,109
91$6,762,695$0$0$5,552,363
92$7,232,489$0$0$5,939,482
93$7,743,271$0$0$6,360,441
94$8,299,005$0$0$6,818,515
95$8,904,051$0$0$7,317,306
96$9,563,205$0$0$7,860,778
97$10,281,748$0$0$8,453,292
98$11,065,490$0$0$9,099,651
99$11,920,826$0$0$9,805,138
100$12,854,796$0$0$10,575,570