Can I retire at age 45 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$59,209$58,682$58,167$57,665$57,175$55,015
2 years$29,311$28,766$28,237$27,724$27,226$25,075
3 years$19,347$18,799$18,271$17,763$17,273$15,199
4 years$14,366$13,819$13,297$12,797$12,319$10,338
5 years$11,378$10,834$10,319$9,829$9,365$7,481
6 years$9,386$8,847$8,339$7,861$7,410$5,625
7 years$7,964$7,430$6,930$6,463$6,027$4,339
8 years$6,898$6,369$5,877$5,421$5,000$3,409
9 years$6,070$5,545$5,062$4,618$4,210$2,714
10 years$5,407$4,888$4,413$3,981$3,587$2,183
11 years$4,866$4,351$3,885$3,464$3,085$1,770
12 years$4,415$3,905$3,448$3,039$2,674$1,443
13 years$4,033$3,529$3,081$2,683$2,331$1,183
14 years$3,707$3,208$2,768$2,381$2,044$973
15 years$3,424$2,931$2,499$2,124$1,800$803
16 years$3,177$2,689$2,266$1,902$1,590$664
17 years$2,959$2,476$2,062$1,709$1,410$551
18 years$2,765$2,288$1,882$1,540$1,254$458
19 years$2,592$2,121$1,723$1,391$1,118$381
20 years$2,437$1,971$1,581$1,260$998$317
21 years$2,296$1,836$1,454$1,144$893$264
22 years$2,169$1,713$1,340$1,040$801$220
23 years$2,053$1,603$1,238$947$719$184
24 years$1,946$1,501$1,145$864$646$154
25 years$1,849$1,409$1,060$789$581$128
26 years$1,758$1,324$983$721$524$107
27 years$1,675$1,246$913$660$472$90
28 years$1,598$1,174$849$605$426$75
29 years$1,526$1,108$790$555$385$63
30 years$1,460$1,046$736$509$348$53
31 years$1,397$989$686$468$314$44
32 years$1,339$936$640$430$284$37
33 years$1,284$886$598$395$257$31
34 years$1,233$840$558$364$233$26
35 years$1,184$797$522$335$211$22
36 years$1,139$756$488$308$191$18
37 years$1,096$718$457$284$173$15
38 years$1,055$683$428$262$157$13
39 years$1,017$649$401$241$142$11
40 years$980$618$376$223$129$9
41 years$946$588$352$205$117$7
42 years$913$560$331$190$106$6
43 years$882$533$310$175$97$5
44 years$852$508$291$162$88$4
45 years$824$485$273$149$80$4
46 years$797$463$257$138$72$3
47 years$771$441$241$127$66$3
48 years$746$421$227$118$60$2
49 years$723$402$213$109$54$2
50 years$700$384$200$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $717,000, adding $6,074 every year, while hoping to spend $23,157 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: 66/29/5 Blend
44$717,000$717,000$717,000$717,000
45$796,399$758,398$747,285$848,044
46$852,993$770,921$747,680$895,607
47$914,584$783,281$747,312$944,209
48$981,655$795,446$746,132$996,698
49$1,054,743$807,382$744,086$1,053,450
50$1,134,434$819,050$741,119$1,114,878
51$1,221,374$830,412$737,175$1,181,437
52$1,316,276$841,424$732,192$1,253,629
53$1,419,923$852,041$726,108$1,332,007
54$1,533,178$862,214$718,855$1,417,179
55$1,656,990$871,890$710,365$1,509,818
56$1,792,405$881,015$700,564$1,610,663
57$1,940,574$889,528$689,377$1,720,529
58$2,102,765$897,367$676,723$1,840,315
59$2,280,373$904,464$662,519$1,971,012
60$2,474,936$910,747$646,678$2,113,710
61$2,688,145$916,140$629,108$2,269,614
62$2,921,867$920,562$609,713$2,440,050
63$3,178,153$923,925$588,395$2,626,480
64$3,459,265$926,138$565,046$2,830,514
65$3,767,694$927,103$539,560$3,053,931
66$4,106,184$926,716$511,820$3,298,687
67$4,477,757$924,867$481,708$3,566,941
68$4,885,742$921,439$449,099$3,861,072
69$5,333,805$916,308$413,862$4,183,703
70$5,825,988$909,341$375,860$4,537,726
71$6,366,739$900,399$334,952$4,926,327
72$6,960,961$889,333$290,988$5,353,019
73$7,614,056$875,987$243,813$5,821,674
74$8,331,973$860,194$193,264$6,336,563
75$9,121,268$841,778$139,172$6,902,389
76$9,989,164$820,551$81,361$7,524,341
77$10,943,617$796,317$19,645$8,208,136
78$11,993,394$768,864$0$8,960,077
79$13,148,155$737,973$0$9,789,577
80$14,418,541$703,409$0$10,703,107
81$15,816,279$664,923$0$11,708,073
82$17,354,289$622,253$0$12,813,790
83$19,046,805$575,122$0$14,030,527
84$20,909,512$523,236$0$15,369,604
85$22,959,694$466,286$0$16,843,497
86$25,216,392$403,943$0$18,465,956
87$27,700,590$335,863$0$20,252,137
88$30,435,409$261,678$0$22,218,745
89$33,446,323$181,004$0$24,384,191
90$36,761,406$93,431$0$26,768,769
91$40,411,590$0$0$29,394,846
92$44,430,958$0$0$32,287,544
93$48,857,070$0$0$35,505,862
94$53,731,311$0$0$39,050,086
95$59,099,285$0$0$42,953,383
96$65,011,245$0$0$47,252,302
97$71,522,566$0$0$51,987,118
98$78,694,267$0$0$57,202,211
99$86,593,588$0$0$62,946,483
100$95,294,624$0$0$69,273,826