Can I retire at age 45 with 716,000?

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 $716,000?

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$59,127$58,600$58,086$57,585$57,095$54,873
2 years$29,271$28,725$28,197$27,685$27,188$24,976
3 years$19,320$18,772$18,245$17,738$17,249$15,117
4 years$14,346$13,800$13,278$12,779$12,302$10,266
5 years$11,362$10,819$10,304$9,816$9,352$7,417
6 years$9,373$8,835$8,327$7,850$7,400$5,568
7 years$7,953$7,419$6,920$6,454$6,018$4,288
8 years$6,889$6,360$5,869$5,414$4,993$3,363
9 years$6,061$5,537$5,055$4,611$4,204$2,673
10 years$5,400$4,881$4,407$3,975$3,582$2,145
11 years$4,859$4,345$3,880$3,459$3,081$1,736
12 years$4,408$3,900$3,443$3,034$2,670$1,413
13 years$4,028$3,524$3,076$2,679$2,328$1,155
14 years$3,701$3,204$2,764$2,378$2,041$948
15 years$3,419$2,927$2,496$2,121$1,797$781
16 years$3,172$2,685$2,263$1,899$1,588$645
17 years$2,955$2,473$2,059$1,706$1,408$534
18 years$2,761$2,285$1,879$1,538$1,252$442
19 years$2,589$2,118$1,721$1,389$1,116$367
20 years$2,433$1,968$1,579$1,258$997$305
21 years$2,293$1,833$1,452$1,142$892$253
22 years$2,166$1,711$1,339$1,038$800$211
23 years$2,050$1,600$1,236$946$718$176
24 years$1,944$1,499$1,143$862$645$146
25 years$1,846$1,407$1,059$788$581$122
26 years$1,756$1,322$982$720$523$102
27 years$1,673$1,245$912$659$471$85
28 years$1,596$1,173$848$604$425$71
29 years$1,524$1,106$789$554$384$59
30 years$1,457$1,045$735$508$347$49
31 years$1,395$988$685$467$314$41
32 years$1,337$935$639$429$284$34
33 years$1,282$885$597$395$257$29
34 years$1,231$839$558$363$233$24
35 years$1,183$796$521$334$211$20
36 years$1,137$755$488$308$191$17
37 years$1,094$717$456$284$173$14
38 years$1,054$682$427$261$157$12
39 years$1,015$648$400$241$142$10
40 years$979$617$375$222$129$8
41 years$944$587$352$205$117$7
42 years$912$559$330$189$106$6
43 years$880$533$310$175$96$5
44 years$851$508$291$161$87$4
45 years$822$484$273$149$79$3
46 years$795$462$256$138$72$3
47 years$770$441$241$127$65$2
48 years$745$421$226$117$59$2
49 years$722$402$213$109$54$2
50 years$699$384$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 $716,000, adding $3,022 every year, while hoping to spend $37,770 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: 43/31/26 Blend
44$716,000$716,000$716,000$716,000
45$792,149$754,201$743,103$820,095
46$832,761$750,970$727,810$837,113
47$876,250$746,315$710,739$851,706
48$922,869$740,125$691,790$866,780
49$972,896$732,286$670,859$882,404
50$1,026,637$722,673$647,838$898,652
51$1,084,426$711,156$622,613$915,609
52$1,146,631$697,597$595,064$933,374
53$1,213,656$681,848$565,068$952,056
54$1,285,946$663,755$532,494$971,781
55$1,363,986$643,153$497,206$992,689
56$1,448,313$619,867$459,063$1,014,940
57$1,539,515$593,715$417,916$1,038,713
58$1,638,239$564,501$373,610$1,064,209
59$1,745,196$532,018$325,983$1,091,656
60$1,861,169$496,050$274,865$1,121,306
61$1,987,016$456,364$220,082$1,153,447
62$2,123,684$412,719$161,447$1,188,396
63$2,272,213$364,855$98,769$1,226,512
64$2,433,748$312,502$31,846$1,268,194
65$2,609,546$255,370$0$1,313,890
66$2,800,994$193,158$0$1,375,076
67$3,009,616$125,543$0$1,451,473
68$3,237,089$52,187$0$1,534,921
69$3,485,260$0$0$1,626,178
70$3,756,161$0$0$1,735,385
71$4,052,029$0$0$1,874,184
72$4,375,328$0$0$2,025,935
73$4,728,767$0$0$2,191,924
74$5,115,332$0$0$2,373,564
75$5,538,311$0$0$2,572,409
76$6,001,321$0$0$2,790,174
77$6,508,349$0$0$3,028,745
78$7,063,782$0$0$3,290,201
79$7,672,455$0$0$3,576,830
80$8,339,690$0$0$3,891,152
81$9,071,349$0$0$4,235,944
82$9,873,889$0$0$4,614,264
83$10,754,421$0$0$5,029,479
84$11,720,781$0$0$5,485,299
85$12,781,595$0$0$5,985,812
86$13,946,368$0$0$6,535,520
87$15,225,572$0$0$7,139,380
88$16,630,740$0$0$7,802,858
89$18,174,578$0$0$8,531,971
90$19,871,084$0$0$9,333,350
91$21,735,679$0$0$10,214,299
92$23,785,351$0$0$11,182,868
93$26,038,818$0$0$12,247,922
94$28,516,700$0$0$13,419,230
95$31,241,716$0$0$14,707,555
96$34,238,899$0$0$16,124,755
97$37,535,825$0$0$17,683,897
98$41,162,881$0$0$19,399,374
99$45,153,547$0$0$21,287,050
100$49,544,711$0$0$23,364,400