Can I retire at age 45 with 718,000?

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 $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%18.2%
1 years$59,292$58,764$58,248$57,745$57,254$55,355
2 years$29,352$28,806$28,276$27,762$27,264$25,369
3 years$19,374$18,825$18,296$17,788$17,297$15,466
4 years$14,386$13,838$13,315$12,815$12,337$10,583
5 years$11,393$10,849$10,333$9,843$9,378$7,707
6 years$9,399$8,859$8,351$7,872$7,421$5,833
7 years$7,975$7,440$6,939$6,472$6,035$4,531
8 years$6,908$6,377$5,885$5,429$5,007$3,585
9 years$6,078$5,553$5,069$4,624$4,216$2,876
10 years$5,415$4,894$4,419$3,986$3,592$2,330
11 years$4,872$4,357$3,891$3,469$3,090$1,904
12 years$4,421$3,911$3,453$3,043$2,677$1,565
13 years$4,039$3,534$3,085$2,686$2,335$1,293
14 years$3,712$3,213$2,772$2,385$2,047$1,073
15 years$3,429$2,935$2,503$2,127$1,802$893
16 years$3,181$2,693$2,269$1,904$1,593$745
17 years$2,963$2,480$2,065$1,711$1,412$623
18 years$2,769$2,291$1,885$1,542$1,256$522
19 years$2,596$2,124$1,725$1,393$1,119$439
20 years$2,440$1,973$1,583$1,262$1,000$369
21 years$2,300$1,838$1,456$1,145$895$310
22 years$2,172$1,716$1,342$1,041$802$261
23 years$2,056$1,605$1,239$948$720$220
24 years$1,949$1,504$1,146$865$647$185
25 years$1,851$1,411$1,062$790$582$156
26 years$1,761$1,326$985$722$524$132
27 years$1,678$1,248$914$661$473$112
28 years$1,600$1,176$850$606$427$94
29 years$1,528$1,109$791$555$385$80
30 years$1,462$1,048$737$510$348$67
31 years$1,399$990$687$468$315$57
32 years$1,341$937$641$430$285$48
33 years$1,286$888$598$396$258$41
34 years$1,234$841$559$364$233$34
35 years$1,186$798$523$335$211$29
36 years$1,140$757$489$309$191$25
37 years$1,097$719$458$284$173$21
38 years$1,057$684$429$262$157$18
39 years$1,018$650$402$242$143$15
40 years$982$618$376$223$129$13
41 years$947$589$353$206$117$11
42 years$914$561$331$190$106$9
43 years$883$534$311$175$97$8
44 years$853$509$292$162$88$6
45 years$825$486$274$149$80$5
46 years$798$463$257$138$72$5
47 years$772$442$242$128$66$4
48 years$747$422$227$118$60$3
49 years$724$403$213$109$54$3
50 years$701$385$201$101$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $718,000, adding $4,688 every year, while hoping to spend $23,585 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: 67/18/15 Blend
44$718,000$718,000$718,000$718,000
45$796,072$758,018$746,889$846,289
46$852,177$770,066$746,815$892,437
47$913,214$781,915$745,949$939,672
48$979,662$793,529$744,238$990,727
49$1,052,046$804,870$741,629$1,045,978
50$1,130,946$815,900$738,065$1,105,834
51$1,216,999$826,576$733,486$1,170,750
52$1,310,906$836,851$727,831$1,241,225
53$1,413,440$846,678$721,035$1,317,810
54$1,525,450$856,005$713,029$1,401,112
55$1,647,872$864,775$703,741$1,491,800
56$1,781,736$872,930$693,098$1,590,613
57$1,928,176$880,407$681,020$1,698,364
58$2,088,441$887,138$667,425$1,815,949
59$2,263,907$893,052$652,228$1,944,357
60$2,456,087$898,073$635,339$2,084,678
61$2,666,649$902,120$616,664$2,238,114
62$2,897,429$905,106$596,105$2,405,989
63$3,150,451$906,940$573,559$2,589,763
64$3,427,942$907,525$548,918$2,791,046
65$3,732,356$906,758$522,070$3,011,613
66$4,066,394$904,527$492,898$3,253,421
67$4,433,035$900,718$461,278$3,518,626
68$4,835,557$895,205$427,084$3,809,607
69$5,277,573$887,859$390,180$4,128,985
70$5,763,061$878,539$350,426$4,479,650
71$6,296,404$867,099$307,677$4,864,789
72$6,882,433$853,382$261,779$5,287,913
73$7,526,466$837,223$212,573$5,752,894
74$8,234,363$818,445$159,893$6,264,001
75$9,012,583$796,863$103,564$6,825,939
76$9,868,238$772,281$43,405$7,443,895
77$10,809,166$744,490$0$8,123,588
78$11,844,000$713,270$0$8,874,648
79$12,982,256$678,388$0$9,708,325
80$14,234,413$639,596$0$10,625,358
81$15,612,022$596,635$0$11,634,225
82$17,127,806$549,228$0$12,744,267
83$18,795,786$497,084$0$13,965,782
84$20,631,410$439,895$0$15,310,116
85$22,651,699$377,334$0$16,789,777
86$24,875,407$309,059$0$18,418,545
87$27,323,201$234,705$0$20,211,610
88$30,017,850$153,888$0$22,185,712
89$32,984,446$66,204$0$24,359,300
90$36,250,635$0$0$26,752,705
91$39,846,881$0$0$29,394,035
92$43,806,752$0$0$32,316,931
93$48,167,239$0$0$35,535,591
94$52,969,099$0$0$39,080,108
95$58,257,246$0$0$42,983,642
96$64,081,171$0$0$47,282,734
97$70,495,410$0$0$52,017,648
98$77,560,057$0$0$57,232,753
99$85,341,332$0$0$62,976,942
100$93,912,207$0$0$69,304,092