Can I retire at age 45 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$59,292$58,764$58,248$57,745$57,254$55,848
2 years$29,352$28,806$28,276$27,762$27,264$25,855
3 years$19,374$18,825$18,296$17,788$17,297$15,931
4 years$14,386$13,838$13,315$12,815$12,337$11,023
5 years$11,393$10,849$10,333$9,843$9,378$8,121
6 years$9,399$8,859$8,351$7,872$7,421$6,221
7 years$7,975$7,440$6,939$6,472$6,035$4,893
8 years$6,908$6,377$5,885$5,429$5,007$3,922
9 years$6,078$5,553$5,069$4,624$4,216$3,188
10 years$5,415$4,894$4,419$3,986$3,592$2,619
11 years$4,872$4,357$3,891$3,469$3,090$2,170
12 years$4,421$3,911$3,453$3,043$2,677$1,810
13 years$4,039$3,534$3,085$2,686$2,335$1,518
14 years$3,712$3,213$2,772$2,385$2,047$1,279
15 years$3,429$2,935$2,503$2,127$1,802$1,081
16 years$3,181$2,693$2,269$1,904$1,593$917
17 years$2,963$2,480$2,065$1,711$1,412$779
18 years$2,769$2,291$1,885$1,542$1,256$664
19 years$2,596$2,124$1,725$1,393$1,119$566
20 years$2,440$1,973$1,583$1,262$1,000$484
21 years$2,300$1,838$1,456$1,145$895$414
22 years$2,172$1,716$1,342$1,041$802$355
23 years$2,056$1,605$1,239$948$720$304
24 years$1,949$1,504$1,146$865$647$261
25 years$1,851$1,411$1,062$790$582$224
26 years$1,761$1,326$985$722$524$193
27 years$1,678$1,248$914$661$473$165
28 years$1,600$1,176$850$606$427$142
29 years$1,528$1,109$791$555$385$122
30 years$1,462$1,048$737$510$348$105
31 years$1,399$990$687$468$315$91
32 years$1,341$937$641$430$285$78
33 years$1,286$888$598$396$258$67
34 years$1,234$841$559$364$233$58
35 years$1,186$798$523$335$211$50
36 years$1,140$757$489$309$191$43
37 years$1,097$719$458$284$173$37
38 years$1,057$684$429$262$157$32
39 years$1,018$650$402$242$143$27
40 years$982$618$376$223$129$24
41 years$947$589$353$206$117$20
42 years$914$561$331$190$106$18
43 years$883$534$311$175$97$15
44 years$853$509$292$162$88$13
45 years$825$486$274$149$80$11
46 years$798$463$257$138$72$10
47 years$772$442$242$128$66$8
48 years$747$422$227$118$60$7
49 years$724$403$213$109$54$6
50 years$701$385$201$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $718,000, adding $3,088 every year, while hoping to spend $30,375 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: 53/39/8 Blend
44$718,000$718,000$718,000$718,000
45$794,421$756,367$745,238$834,802
46$843,133$761,111$737,885$867,278
47$895,796$765,068$729,267$899,020
48$952,781$768,170$719,311$932,828
49$1,014,494$770,340$707,938$968,902
50$1,081,385$771,499$695,066$1,007,465
51$1,153,946$771,563$680,611$1,048,763
52$1,232,720$770,440$664,483$1,093,070
53$1,318,303$768,037$646,588$1,140,685
54$1,411,350$764,251$626,829$1,191,944
55$1,512,583$758,975$605,103$1,247,214
56$1,622,796$752,094$581,303$1,306,904
57$1,742,862$743,488$555,319$1,371,466
58$1,873,744$733,028$527,031$1,441,400
59$2,016,498$720,579$496,319$1,517,256
60$2,172,290$705,996$463,055$1,599,647
61$2,342,401$689,127$427,104$1,689,248
62$2,528,242$669,811$388,328$1,786,804
63$2,731,366$647,875$346,581$1,893,143
64$2,953,485$623,140$301,711$2,009,175
65$3,196,480$595,414$253,558$2,135,909
66$3,462,426$564,494$201,957$2,274,461
67$3,753,605$530,167$146,735$2,426,061
68$4,072,532$492,204$87,710$2,592,071
69$4,421,976$450,367$24,693$2,773,993
70$4,804,985$404,403$0$2,973,490
71$5,224,918$354,043$0$3,196,029
72$5,685,473$299,005$0$3,442,489
73$6,190,725$238,990$0$3,713,018
74$6,745,161$173,682$0$4,010,108
75$7,353,723$102,748$0$4,336,508
76$8,021,856$25,836$0$4,695,256
77$8,755,558$0$0$5,089,700
78$9,561,434$0$0$5,548,185
79$10,446,763$0$0$6,064,128
80$11,419,562$0$0$6,631,123
81$12,488,665$0$0$7,254,327
82$13,663,802$0$0$7,939,424
83$14,955,694$0$0$8,692,673
84$16,376,152$0$0$9,520,972
85$17,938,188$0$0$10,431,918
86$19,656,139$0$0$11,433,886
87$21,545,801$0$0$12,536,098
88$23,624,578$0$0$13,748,718
89$25,911,645$0$0$15,082,945
90$28,428,130$0$0$16,551,116
91$31,197,311$0$0$18,166,826
92$34,244,839$0$0$19,945,056
93$37,598,974$0$0$21,902,308
94$41,290,858$0$0$24,056,771
95$45,354,803$0$0$26,428,482
96$49,828,617$0$0$29,039,523
97$54,753,960$0$0$31,914,222
98$60,176,737$0$0$35,079,390
99$66,147,530$0$0$38,564,567
100$72,722,077$0$0$42,402,306