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%13.4%
1 years$59,292$58,764$58,248$57,745$57,254$56,445
2 years$29,352$28,806$28,276$27,762$27,264$26,450
3 years$19,374$18,825$18,296$17,788$17,297$16,505
4 years$14,386$13,838$13,315$12,815$12,337$11,571
5 years$11,393$10,849$10,333$9,843$9,378$8,641
6 years$9,399$8,859$8,351$7,872$7,421$6,714
7 years$7,975$7,440$6,939$6,472$6,035$5,359
8 years$6,908$6,377$5,885$5,429$5,007$4,360
9 years$6,078$5,553$5,069$4,624$4,216$3,600
10 years$5,415$4,894$4,419$3,986$3,592$3,005
11 years$4,872$4,357$3,891$3,469$3,090$2,531
12 years$4,421$3,911$3,453$3,043$2,677$2,147
13 years$4,039$3,534$3,085$2,686$2,335$1,832
14 years$3,712$3,213$2,772$2,385$2,047$1,571
15 years$3,429$2,935$2,503$2,127$1,802$1,352
16 years$3,181$2,693$2,269$1,904$1,593$1,168
17 years$2,963$2,480$2,065$1,711$1,412$1,011
18 years$2,769$2,291$1,885$1,542$1,256$878
19 years$2,596$2,124$1,725$1,393$1,119$764
20 years$2,440$1,973$1,583$1,262$1,000$665
21 years$2,300$1,838$1,456$1,145$895$581
22 years$2,172$1,716$1,342$1,041$802$508
23 years$2,056$1,605$1,239$948$720$444
24 years$1,949$1,504$1,146$865$647$389
25 years$1,851$1,411$1,062$790$582$341
26 years$1,761$1,326$985$722$524$299
27 years$1,678$1,248$914$661$473$262
28 years$1,600$1,176$850$606$427$230
29 years$1,528$1,109$791$555$385$203
30 years$1,462$1,048$737$510$348$178
31 years$1,399$990$687$468$315$157
32 years$1,341$937$641$430$285$138
33 years$1,286$888$598$396$258$121
34 years$1,234$841$559$364$233$107
35 years$1,186$798$523$335$211$94
36 years$1,140$757$489$309$191$83
37 years$1,097$719$458$284$173$73
38 years$1,057$684$429$262$157$64
39 years$1,018$650$402$242$143$57
40 years$982$618$376$223$129$50
41 years$947$589$353$206$117$44
42 years$914$561$331$190$106$39
43 years$883$534$311$175$97$34
44 years$853$509$292$162$88$30
45 years$825$486$274$149$80$26
46 years$798$463$257$138$72$23
47 years$772$442$242$128$66$21
48 years$747$422$227$118$60$18
49 years$724$403$213$109$54$16
50 years$701$385$201$101$49$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $718,000, adding $2,028 every year, while hoping to spend $42,683 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: 53/28/19 Blend
44$718,000$718,000$718,000$718,000
45$793,328$755,274$744,145$831,159
46$828,833$746,868$723,659$848,927
47$866,529$736,620$701,057$863,601
48$906,594$724,393$676,222$878,643
49$949,224$710,046$649,033$894,102
50$994,633$693,426$619,363$910,031
51$1,043,053$674,371$587,079$926,496
52$1,094,742$652,713$552,043$943,567
53$1,149,979$628,270$514,111$961,329
54$1,209,074$600,852$473,131$979,876
55$1,272,363$570,257$428,944$999,313
56$1,340,216$536,272$381,386$1,019,763
57$1,413,040$498,670$330,283$1,041,362
58$1,491,279$457,214$275,457$1,064,265
59$1,575,423$411,652$216,719$1,088,647
60$1,666,009$361,715$153,872$1,114,705
61$1,763,626$307,124$86,711$1,142,661
62$1,868,923$247,579$15,022$1,172,763
63$1,982,610$182,768$0$1,205,290
64$2,105,469$112,356$0$1,253,021
65$2,238,360$35,995$0$1,307,903
66$2,382,227$0$0$1,367,329
67$2,538,108$0$0$1,446,177
68$2,707,145$0$0$1,543,763
69$2,890,594$0$0$1,649,731
70$3,089,835$0$0$1,764,886
71$3,306,388$0$0$1,890,113
72$3,541,923$0$0$2,026,387
73$3,798,278$0$0$2,174,781
74$4,077,476$0$0$2,336,475
75$4,381,743$0$0$2,512,767
76$4,713,529$0$0$2,705,088
77$5,075,530$0$0$2,915,009
78$5,470,714$0$0$3,144,264
79$5,902,347$0$0$3,394,758
80$6,374,025$0$0$3,668,591
81$6,889,709$0$0$3,968,073
82$7,453,756$0$0$4,295,749
83$8,070,967$0$0$4,654,420
84$8,746,627$0$0$5,047,171
85$9,486,555$0$0$5,477,400
86$10,297,161$0$0$5,948,848
87$11,185,502$0$0$6,465,635
88$12,159,352$0$0$7,032,300
89$13,227,272$0$0$7,653,840
90$14,398,692$0$0$8,335,762
91$15,683,997$0$0$9,084,128
92$17,094,627$0$0$9,905,618
93$18,643,183$0$0$10,807,590
94$20,343,547$0$0$11,798,148
95$22,211,008$0$0$12,886,221
96$24,262,412$0$0$14,081,644
97$26,516,315$0$0$15,395,253
98$28,993,158$0$0$16,838,984
99$31,715,463$0$0$18,425,989
100$34,708,041$0$0$20,170,754