Can I retire at age 45 with 719,000?

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 $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%13.3%
1 years$59,374$58,845$58,329$57,826$57,334$56,547
2 years$29,393$28,846$28,315$27,801$27,302$26,511
3 years$19,401$18,851$18,322$17,812$17,321$16,550
4 years$14,406$13,858$13,334$12,833$12,354$11,609
5 years$11,409$10,864$10,347$9,857$9,391$8,674
6 years$9,412$8,872$8,362$7,883$7,431$6,743
7 years$7,987$7,450$6,949$6,481$6,043$5,385
8 years$6,918$6,386$5,893$5,436$5,014$4,384
9 years$6,087$5,560$5,076$4,631$4,222$3,622
10 years$5,422$4,901$4,425$3,992$3,597$3,026
11 years$4,879$4,363$3,896$3,474$3,094$2,550
12 years$4,427$3,916$3,458$3,047$2,681$2,164
13 years$4,044$3,539$3,089$2,690$2,338$1,848
14 years$3,717$3,217$2,776$2,388$2,049$1,585
15 years$3,433$2,939$2,506$2,130$1,805$1,365
16 years$3,185$2,696$2,272$1,907$1,595$1,180
17 years$2,967$2,483$2,067$1,713$1,414$1,023
18 years$2,773$2,295$1,887$1,544$1,257$888
19 years$2,600$2,127$1,728$1,395$1,121$773
20 years$2,444$1,976$1,586$1,264$1,001$674
21 years$2,303$1,841$1,459$1,147$896$589
22 years$2,175$1,718$1,344$1,043$803$515
23 years$2,058$1,607$1,241$950$721$451
24 years$1,952$1,506$1,148$866$648$395
25 years$1,854$1,413$1,063$791$583$347
26 years$1,763$1,328$986$723$525$304
27 years$1,680$1,250$916$662$473$267
28 years$1,602$1,178$851$607$427$235
29 years$1,531$1,111$792$556$386$207
30 years$1,464$1,049$738$510$349$182
31 years$1,401$992$688$469$315$160
32 years$1,342$939$642$431$285$141
33 years$1,288$889$599$396$258$124
34 years$1,236$842$560$365$234$109
35 years$1,188$799$523$336$212$96
36 years$1,142$758$490$309$192$85
37 years$1,099$720$458$285$174$75
38 years$1,058$684$429$262$157$66
39 years$1,020$651$402$242$143$58
40 years$983$619$377$223$130$51
41 years$948$589$353$206$118$45
42 years$915$561$332$190$107$40
43 years$884$535$311$175$97$35
44 years$854$510$292$162$88$31
45 years$826$486$274$150$80$27
46 years$799$464$258$138$72$24
47 years$773$443$242$128$66$21
48 years$748$423$227$118$60$19
49 years$725$404$214$109$54$17
50 years$702$385$201$101$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $719,000, adding $4,334 every year, while hoping to spend $49,063 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: 36/36/28 Blend
44$719,000$719,000$719,000$719,000
45$796,809$758,702$747,557$818,669
46$825,880$743,675$720,398$820,281
47$856,273$726,268$690,684$817,271
48$888,070$706,312$658,279$813,080
49$921,360$683,629$623,038$807,634
50$956,241$658,029$584,812$800,858
51$992,819$629,313$543,444$792,672
52$1,031,207$597,270$498,770$782,996
53$1,071,530$561,676$450,619$771,743
54$1,113,923$522,295$398,812$758,828
55$1,158,532$478,877$343,161$744,159
56$1,205,518$431,158$283,473$727,644
57$1,255,054$378,858$219,542$709,189
58$1,307,330$321,682$151,157$688,694
59$1,362,553$259,319$78,096$666,060
60$1,420,946$191,440$126$641,186
61$1,482,758$117,695$0$613,967
62$1,548,256$37,719$0$609,121
63$1,617,734$0$0$603,373
64$1,691,513$0$0$616,020
65$1,769,943$0$0$645,401
66$1,853,409$0$0$676,725
67$1,942,331$0$0$710,157
68$2,037,169$0$0$745,879
69$2,138,427$0$0$784,087
70$2,246,657$0$0$825,000
71$2,362,466$0$0$868,855
72$2,486,516$0$0$915,915
73$2,619,537$0$0$966,465
74$2,762,326$0$0$1,020,820
75$2,915,762$0$0$1,079,327
76$3,080,806$0$0$1,142,365
77$3,258,515$0$0$1,210,350
78$3,450,049$0$0$1,283,741
79$3,656,684$0$0$1,363,041
80$3,879,819$0$0$1,448,802
81$4,120,994$0$0$1,541,634
82$4,381,900$0$0$1,642,203
83$4,664,396$0$0$1,751,245
84$4,970,526$0$0$1,869,568
85$5,302,538$0$0$1,998,060
86$5,662,903$0$0$2,137,699
87$6,054,340$0$0$2,289,560
88$6,479,839$0$0$2,454,826
89$6,942,689$0$0$2,634,798
90$7,446,511$0$0$2,830,910
91$7,995,285$0$0$3,044,736
92$8,593,395$0$0$3,278,013
93$9,245,664$0$0$3,532,650
94$9,957,401$0$0$3,810,749
95$10,734,448$0$0$4,114,623
96$11,583,237$0$0$4,446,820
97$12,510,851$0$0$4,810,146
98$13,525,083$0$0$5,207,688
99$14,634,518$0$0$5,642,846
100$15,848,607$0$0$6,119,366