Can I retire at age 45 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$59,374$58,845$58,329$57,826$57,334$56,830
2 years$29,393$28,846$28,315$27,801$27,302$26,794
3 years$19,401$18,851$18,322$17,812$17,321$16,825
4 years$14,406$13,858$13,334$12,833$12,354$11,873
5 years$11,409$10,864$10,347$9,857$9,391$8,928
6 years$9,412$8,872$8,362$7,883$7,431$6,985
7 years$7,987$7,450$6,949$6,481$6,043$5,616
8 years$6,918$6,386$5,893$5,436$5,014$4,604
9 years$6,087$5,560$5,076$4,631$4,222$3,830
10 years$5,422$4,901$4,425$3,992$3,597$3,223
11 years$4,879$4,363$3,896$3,474$3,094$2,736
12 years$4,427$3,916$3,458$3,047$2,681$2,341
13 years$4,044$3,539$3,089$2,690$2,338$2,014
14 years$3,717$3,217$2,776$2,388$2,049$1,742
15 years$3,433$2,939$2,506$2,130$1,805$1,512
16 years$3,185$2,696$2,272$1,907$1,595$1,318
17 years$2,967$2,483$2,067$1,713$1,414$1,152
18 years$2,773$2,295$1,887$1,544$1,257$1,009
19 years$2,600$2,127$1,728$1,395$1,121$886
20 years$2,444$1,976$1,586$1,264$1,001$780
21 years$2,303$1,841$1,459$1,147$896$687
22 years$2,175$1,718$1,344$1,043$803$606
23 years$2,058$1,607$1,241$950$721$536
24 years$1,952$1,506$1,148$866$648$474
25 years$1,854$1,413$1,063$791$583$420
26 years$1,763$1,328$986$723$525$372
27 years$1,680$1,250$916$662$473$330
28 years$1,602$1,178$851$607$427$293
29 years$1,531$1,111$792$556$386$260
30 years$1,464$1,049$738$510$349$231
31 years$1,401$992$688$469$315$205
32 years$1,342$939$642$431$285$183
33 years$1,288$889$599$396$258$162
34 years$1,236$842$560$365$234$144
35 years$1,188$799$523$336$212$129
36 years$1,142$758$490$309$192$114
37 years$1,099$720$458$285$174$102
38 years$1,058$684$429$262$157$91
39 years$1,020$651$402$242$143$81
40 years$983$619$377$223$130$72
41 years$948$589$353$206$118$64
42 years$915$561$332$190$107$57
43 years$884$535$311$175$97$51
44 years$854$510$292$162$88$45
45 years$826$486$274$150$80$41
46 years$799$464$258$138$72$36
47 years$773$443$242$128$66$32
48 years$748$423$227$118$60$29
49 years$725$404$214$109$54$26
50 years$702$385$201$101$49$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $719,000, adding $6,267 every year, while hoping to spend $30,344 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: 51/29/20 Blend
44$719,000$719,000$719,000$719,000
45$798,802$760,695$749,551$834,815
46$847,994$765,684$742,375$865,322
47$901,187$769,899$733,942$894,831
48$958,756$773,273$724,177$926,270
49$1,021,116$775,729$713,003$959,834
50$1,088,719$777,190$700,339$995,737
51$1,162,067$777,571$686,099$1,034,216
52$1,241,709$776,783$670,194$1,075,536
53$1,328,250$774,731$652,531$1,119,988
54$1,422,353$771,315$633,014$1,167,894
55$1,524,753$766,429$611,539$1,219,614
56$1,636,252$759,958$588,000$1,275,543
57$1,757,737$751,784$562,285$1,336,120
58$1,890,184$741,779$534,279$1,401,829
59$2,034,664$729,808$503,859$1,473,208
60$2,192,360$715,728$470,898$1,550,851
61$2,364,570$699,388$435,263$1,635,415
62$2,552,727$680,629$396,815$1,727,627
63$2,758,405$659,279$355,408$1,828,290
64$2,983,339$635,161$310,891$1,938,294
65$3,229,439$608,083$263,105$2,058,623
66$3,498,808$577,846$211,886$2,190,361
67$3,793,761$544,235$157,059$2,334,712
68$4,116,849$507,027$98,445$2,493,001
69$4,470,880$465,984$35,855$2,666,698
70$4,858,947$420,854$0$2,857,422
71$5,284,456$371,372$0$3,073,567
72$5,751,158$317,257$0$3,319,105
73$6,263,186$258,213$0$3,588,609
74$6,825,092$193,925$0$3,884,540
75$7,441,888$124,065$0$4,209,615
76$8,119,097$48,281$0$4,566,832
77$8,862,804$0$0$4,959,496
78$9,679,708$0$0$5,402,041
79$10,577,193$0$0$5,905,243
80$11,563,391$0$0$6,458,267
81$12,647,262$0$0$7,066,145
82$13,838,676$0$0$7,734,425
83$15,148,509$0$0$8,469,217
84$16,588,741$0$0$9,277,253
85$18,172,572$0$0$10,165,950
86$19,914,544$0$0$11,143,480
87$21,830,681$0$0$12,218,848
88$23,938,637$0$0$13,401,973
89$26,257,864$0$0$14,703,786
90$28,809,792$0$0$16,136,330
91$31,618,036$0$0$17,712,876
92$34,708,615$0$0$19,448,045
93$38,110,197$0$0$21,357,947
94$41,854,372$0$0$23,460,334
95$45,975,946$0$0$25,774,768
96$50,513,272$0$0$28,322,800
97$55,508,610$0$0$31,128,180
98$61,008,527$0$0$34,217,077
99$67,064,334$0$0$37,618,327
100$73,732,570$0$0$41,363,704