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%19.1%
1 years$59,127$58,600$58,086$57,585$57,095$55,003
2 years$29,271$28,725$28,197$27,685$27,188$25,104
3 years$19,320$18,772$18,245$17,738$17,249$15,239
4 years$14,346$13,800$13,278$12,779$12,302$10,380
5 years$11,362$10,819$10,304$9,816$9,352$7,523
6 years$9,373$8,835$8,327$7,850$7,400$5,666
7 years$7,953$7,419$6,920$6,454$6,018$4,379
8 years$6,889$6,360$5,869$5,414$4,993$3,446
9 years$6,061$5,537$5,055$4,611$4,204$2,749
10 years$5,400$4,881$4,407$3,975$3,582$2,215
11 years$4,859$4,345$3,880$3,459$3,081$1,799
12 years$4,408$3,900$3,443$3,034$2,670$1,470
13 years$4,028$3,524$3,076$2,679$2,328$1,207
14 years$3,701$3,204$2,764$2,378$2,041$995
15 years$3,419$2,927$2,496$2,121$1,797$823
16 years$3,172$2,685$2,263$1,899$1,588$683
17 years$2,955$2,473$2,059$1,706$1,408$567
18 years$2,761$2,285$1,879$1,538$1,252$472
19 years$2,589$2,118$1,721$1,389$1,116$394
20 years$2,433$1,968$1,579$1,258$997$329
21 years$2,293$1,833$1,452$1,142$892$274
22 years$2,166$1,711$1,339$1,038$800$229
23 years$2,050$1,600$1,236$946$718$192
24 years$1,944$1,499$1,143$862$645$161
25 years$1,846$1,407$1,059$788$581$135
26 years$1,756$1,322$982$720$523$113
27 years$1,673$1,245$912$659$471$95
28 years$1,596$1,173$848$604$425$79
29 years$1,524$1,106$789$554$384$66
30 years$1,457$1,045$735$508$347$56
31 years$1,395$988$685$467$314$47
32 years$1,337$935$639$429$284$39
33 years$1,282$885$597$395$257$33
34 years$1,231$839$558$363$233$28
35 years$1,183$796$521$334$211$23
36 years$1,137$755$488$308$191$19
37 years$1,094$717$456$284$173$16
38 years$1,054$682$427$261$157$14
39 years$1,015$648$400$241$142$12
40 years$979$617$375$222$129$10
41 years$944$587$352$205$117$8
42 years$912$559$330$189$106$7
43 years$880$533$310$175$96$6
44 years$851$508$291$161$87$5
45 years$822$484$273$149$79$4
46 years$795$462$256$138$72$3
47 years$770$441$241$127$65$3
48 years$745$421$226$117$59$2
49 years$722$402$213$109$54$2
50 years$699$384$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 $716,000, adding $4,311 every year, while hoping to spend $53,254 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: 31/43/26 Blend
44$716,000$716,000$716,000$716,000
45$793,479$755,531$744,433$811,629
46$817,752$735,890$712,709$806,289
47$842,716$713,502$678,139$795,539
48$868,385$688,176$640,568$782,902
49$894,773$659,709$599,841$768,249
50$921,895$627,890$555,790$751,445
51$949,762$592,490$508,242$732,344
52$978,387$553,271$457,018$710,796
53$1,007,782$509,981$401,927$686,640
54$1,037,957$462,352$342,774$659,706
55$1,068,924$410,102$279,351$629,814
56$1,100,689$352,932$211,445$596,776
57$1,133,260$290,527$138,829$560,390
58$1,166,643$222,553$61,271$520,447
59$1,200,842$148,659$0$476,723
60$1,235,858$68,473$0$434,946
61$1,271,690$0$0$407,432
62$1,308,334$0$0$385,679
63$1,345,785$0$0$396,543
64$1,384,032$0$0$407,618
65$1,423,061$0$0$418,898
66$1,462,853$0$0$430,373
67$1,503,386$0$0$442,035
68$1,544,629$0$0$453,870
69$1,586,548$0$0$465,866
70$1,629,100$0$0$478,004
71$1,672,235$0$0$490,266
72$1,715,895$0$0$502,630
73$1,760,010$0$0$515,069
74$1,804,501$0$0$527,553
75$1,849,277$0$0$540,049
76$1,894,233$0$0$552,518
77$1,939,248$0$0$564,917
78$1,984,187$0$0$577,195
79$2,028,895$0$0$589,298
80$2,073,196$0$0$601,162
81$2,116,892$0$0$612,716
82$2,159,760$0$0$623,882
83$2,201,550$0$0$634,569
84$2,241,979$0$0$644,678
85$2,280,732$0$0$654,099
86$2,317,456$0$0$662,705
87$2,351,753$0$0$670,359
88$2,383,184$0$0$676,905
89$2,411,254$0$0$682,171
90$2,435,415$0$0$685,966
91$2,455,053$0$0$688,075
92$2,469,488$0$0$688,262
93$2,477,963$0$0$686,263
94$2,479,634$0$0$681,786
95$2,473,567$0$0$674,506
96$2,458,722$0$0$664,064
97$2,433,949$0$0$650,060
98$2,397,968$0$0$632,053
99$2,349,363$0$0$609,554
100$2,286,565$0$0$582,020