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%14.8%
1 years$59,127$58,600$58,086$57,585$57,095$55,965
2 years$29,271$28,725$28,197$27,685$27,188$26,054
3 years$19,320$18,772$18,245$17,738$17,249$16,147
4 years$14,346$13,800$13,278$12,779$12,302$11,241
5 years$11,362$10,819$10,304$9,816$9,352$8,333
6 years$9,373$8,835$8,327$7,850$7,400$6,426
7 years$7,953$7,419$6,920$6,454$6,018$5,088
8 years$6,889$6,360$5,869$5,414$4,993$4,107
9 years$6,061$5,537$5,055$4,611$4,204$3,363
10 years$5,400$4,881$4,407$3,975$3,582$2,783
11 years$4,859$4,345$3,880$3,459$3,081$2,324
12 years$4,408$3,900$3,443$3,034$2,670$1,954
13 years$4,028$3,524$3,076$2,679$2,328$1,652
14 years$3,701$3,204$2,764$2,378$2,041$1,403
15 years$3,419$2,927$2,496$2,121$1,797$1,196
16 years$3,172$2,685$2,263$1,899$1,588$1,022
17 years$2,955$2,473$2,059$1,706$1,408$877
18 years$2,761$2,285$1,879$1,538$1,252$753
19 years$2,589$2,118$1,721$1,389$1,116$649
20 years$2,433$1,968$1,579$1,258$997$559
21 years$2,293$1,833$1,452$1,142$892$483
22 years$2,166$1,711$1,339$1,038$800$418
23 years$2,050$1,600$1,236$946$718$361
24 years$1,944$1,499$1,143$862$645$313
25 years$1,846$1,407$1,059$788$581$271
26 years$1,756$1,322$982$720$523$235
27 years$1,673$1,245$912$659$471$204
28 years$1,596$1,173$848$604$425$177
29 years$1,524$1,106$789$554$384$154
30 years$1,457$1,045$735$508$347$134
31 years$1,395$988$685$467$314$116
32 years$1,337$935$639$429$284$101
33 years$1,282$885$597$395$257$88
34 years$1,231$839$558$363$233$77
35 years$1,183$796$521$334$211$67
36 years$1,137$755$488$308$191$58
37 years$1,094$717$456$284$173$50
38 years$1,054$682$427$261$157$44
39 years$1,015$648$400$241$142$38
40 years$979$617$375$222$129$33
41 years$944$587$352$205$117$29
42 years$912$559$330$189$106$25
43 years$880$533$310$175$96$22
44 years$851$508$291$161$87$19
45 years$822$484$273$149$79$17
46 years$795$462$256$138$72$15
47 years$770$441$241$127$65$13
48 years$745$421$226$117$59$11
49 years$722$402$213$109$54$10
50 years$699$384$200$100$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $716,000, adding $3,235 every year, while hoping to spend $27,195 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: 51/36/13 Blend
44$716,000$716,000$716,000$716,000
45$792,369$754,421$743,323$829,849
46$844,255$762,452$739,289$863,890
47$900,523$769,966$734,208$897,735
48$961,589$776,907$728,017$933,915
49$1,027,914$783,219$720,649$972,657
50$1,100,005$788,840$712,034$1,014,212
51$1,178,416$793,704$702,098$1,058,859
52$1,263,761$797,742$690,765$1,106,906
53$1,356,714$800,880$677,955$1,158,692
54$1,458,015$803,040$663,583$1,214,594
55$1,568,481$804,137$647,561$1,275,026
56$1,689,010$804,083$629,798$1,340,448
57$1,820,589$802,784$610,197$1,411,366
58$1,964,308$800,139$588,657$1,488,341
59$2,121,363$796,042$565,073$1,571,991
60$2,293,074$790,380$539,335$1,663,001
61$2,480,893$783,033$511,327$1,762,125
62$2,686,417$773,875$480,930$1,870,199
63$2,911,408$762,772$448,018$1,988,145
64$3,157,804$749,580$412,459$2,116,979
65$3,427,739$734,149$374,116$2,257,827
66$3,723,565$716,318$332,845$2,411,930
67$4,047,870$695,919$288,497$2,580,660
68$4,403,506$672,773$240,914$2,765,530
69$4,793,614$646,688$189,935$2,968,212
70$5,221,652$617,466$135,388$3,190,551
71$5,691,432$584,893$77,095$3,434,586
72$6,207,150$548,745$14,869$3,702,565
73$6,773,431$508,784$0$3,996,972
74$7,395,365$464,760$0$4,327,694
75$8,078,566$416,406$0$4,693,275
76$8,829,212$363,442$0$5,095,017
77$9,654,112$305,572$0$5,536,634
78$10,560,769$242,482$0$6,022,224
79$11,557,446$173,842$0$6,556,307
80$12,653,248$99,303$0$7,143,867
81$13,858,205$18,494$0$7,790,403
82$15,183,369$0$0$8,501,978
83$16,640,915$0$0$9,312,602
84$18,244,260$0$0$10,212,457
85$20,008,185$0$0$11,202,520
86$21,948,974$0$0$12,291,945
87$24,084,573$0$0$13,490,814
88$26,434,752$0$0$14,810,237
89$29,021,296$0$0$16,262,458
90$31,868,209$0$0$17,860,966
91$35,001,940$0$0$19,620,622
92$38,451,630$0$0$21,557,806
93$42,249,394$0$0$23,690,562
94$46,430,613$0$0$26,038,776
95$51,034,279$0$0$28,624,359
96$56,103,351$0$0$31,471,455
97$61,685,172$0$0$34,606,668
98$67,831,907$0$0$38,059,314
99$74,601,035$0$0$41,861,697
100$82,055,899$0$0$46,049,413