Can I retire at age 45 with 716,000?

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 $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%13.4%
1 years$59,127$58,600$58,086$57,585$57,095$56,288
2 years$29,271$28,725$28,197$27,685$27,188$26,377
3 years$19,320$18,772$18,245$17,738$17,249$16,459
4 years$14,346$13,800$13,278$12,779$12,302$11,539
5 years$11,362$10,819$10,304$9,816$9,352$8,617
6 years$9,373$8,835$8,327$7,850$7,400$6,695
7 years$7,953$7,419$6,920$6,454$6,018$5,344
8 years$6,889$6,360$5,869$5,414$4,993$4,348
9 years$6,061$5,537$5,055$4,611$4,204$3,590
10 years$5,400$4,881$4,407$3,975$3,582$2,997
11 years$4,859$4,345$3,880$3,459$3,081$2,524
12 years$4,408$3,900$3,443$3,034$2,670$2,141
13 years$4,028$3,524$3,076$2,679$2,328$1,827
14 years$3,701$3,204$2,764$2,378$2,041$1,566
15 years$3,419$2,927$2,496$2,121$1,797$1,348
16 years$3,172$2,685$2,263$1,899$1,588$1,164
17 years$2,955$2,473$2,059$1,706$1,408$1,008
18 years$2,761$2,285$1,879$1,538$1,252$875
19 years$2,589$2,118$1,721$1,389$1,116$761
20 years$2,433$1,968$1,579$1,258$997$664
21 years$2,293$1,833$1,452$1,142$892$579
22 years$2,166$1,711$1,339$1,038$800$506
23 years$2,050$1,600$1,236$946$718$443
24 years$1,944$1,499$1,143$862$645$388
25 years$1,846$1,407$1,059$788$581$340
26 years$1,756$1,322$982$720$523$298
27 years$1,673$1,245$912$659$471$262
28 years$1,596$1,173$848$604$425$230
29 years$1,524$1,106$789$554$384$202
30 years$1,457$1,045$735$508$347$178
31 years$1,395$988$685$467$314$156
32 years$1,337$935$639$429$284$137
33 years$1,282$885$597$395$257$121
34 years$1,231$839$558$363$233$106
35 years$1,183$796$521$334$211$94
36 years$1,137$755$488$308$191$82
37 years$1,094$717$456$284$173$73
38 years$1,054$682$427$261$157$64
39 years$1,015$648$400$241$142$56
40 years$979$617$375$222$129$50
41 years$944$587$352$205$117$44
42 years$912$559$330$189$106$39
43 years$880$533$310$175$96$34
44 years$851$508$291$161$87$30
45 years$822$484$273$149$79$26
46 years$795$462$256$138$72$23
47 years$770$441$241$127$65$21
48 years$745$421$226$117$59$18
49 years$722$402$213$109$54$16
50 years$699$384$200$100$49$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $716,000, adding $4,889 every year, while hoping to spend $48,918 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: 37/34/29 Blend
44$716,000$716,000$716,000$716,000
45$794,075$756,127$745,029$816,429
46$823,022$741,129$717,939$818,424
47$853,283$723,756$688,302$815,789
48$884,938$703,841$655,981$812,015
49$918,079$681,206$620,833$807,032
50$952,800$655,662$582,708$800,767
51$989,206$627,011$541,450$793,146
52$1,027,412$595,041$496,895$784,091
53$1,067,540$559,529$448,873$773,520
54$1,109,723$520,241$397,204$761,353
55$1,154,108$476,926$341,704$747,502
56$1,200,853$429,321$282,177$731,881
57$1,250,131$377,148$218,420$714,400
58$1,302,128$320,113$150,222$694,967
59$1,357,051$257,904$77,359$673,488
60$1,415,122$190,193$0$649,868
61$1,476,585$116,633$0$624,135
62$1,541,707$36,858$0$621,620
63$1,610,778$0$0$618,341
64$1,684,117$0$0$632,809
65$1,762,071$0$0$662,897
66$1,845,020$0$0$694,969
67$1,933,382$0$0$729,192
68$2,027,613$0$0$765,751
69$2,128,211$0$0$804,848
70$2,235,724$0$0$846,704
71$2,350,753$0$0$891,561
72$2,473,954$0$0$939,687
73$2,606,050$0$0$991,373
74$2,747,831$0$0$1,046,940
75$2,900,168$0$0$1,106,739
76$3,064,012$0$0$1,171,158
77$3,240,411$0$0$1,240,621
78$3,430,515$0$0$1,315,594
79$3,635,587$0$0$1,396,591
80$3,857,013$0$0$1,484,173
81$4,096,319$0$0$1,578,960
82$4,355,179$0$0$1,681,633
83$4,635,436$0$0$1,792,939
84$4,939,113$0$0$1,913,701
85$5,268,438$0$0$2,044,825
86$5,625,859$0$0$2,187,304
87$6,014,068$0$0$2,342,235
88$6,436,026$0$0$2,510,822
89$6,894,993$0$0$2,694,389
90$7,394,553$0$0$2,894,394
91$7,938,651$0$0$3,112,444
92$8,531,627$0$0$3,350,303
93$9,178,258$0$0$3,609,917
94$9,883,803$0$0$3,893,424
95$10,654,048$0$0$4,203,181
96$11,495,364$0$0$4,541,781
97$12,414,765$0$0$4,912,079
98$13,419,970$0$0$5,317,220
99$14,519,483$0$0$5,760,663
100$15,722,661$0$0$6,246,223