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%18.3%
1 years$59,374$58,845$58,329$57,826$57,334$55,410
2 years$29,393$28,846$28,315$27,801$27,302$25,383
3 years$19,401$18,851$18,322$17,812$17,321$15,467
4 years$14,406$13,858$13,334$12,833$12,354$10,578
5 years$11,409$10,864$10,347$9,857$9,391$7,699
6 years$9,412$8,872$8,362$7,883$7,431$5,824
7 years$7,987$7,450$6,949$6,481$6,043$4,522
8 years$6,918$6,386$5,893$5,436$5,014$3,575
9 years$6,087$5,560$5,076$4,631$4,222$2,866
10 years$5,422$4,901$4,425$3,992$3,597$2,321
11 years$4,879$4,363$3,896$3,474$3,094$1,895
12 years$4,427$3,916$3,458$3,047$2,681$1,557
13 years$4,044$3,539$3,089$2,690$2,338$1,286
14 years$3,717$3,217$2,776$2,388$2,049$1,066
15 years$3,433$2,939$2,506$2,130$1,805$886
16 years$3,185$2,696$2,272$1,907$1,595$739
17 years$2,967$2,483$2,067$1,713$1,414$618
18 years$2,773$2,295$1,887$1,544$1,257$518
19 years$2,600$2,127$1,728$1,395$1,121$434
20 years$2,444$1,976$1,586$1,264$1,001$364
21 years$2,303$1,841$1,459$1,147$896$306
22 years$2,175$1,718$1,344$1,043$803$258
23 years$2,058$1,607$1,241$950$721$217
24 years$1,952$1,506$1,148$866$648$183
25 years$1,854$1,413$1,063$791$583$154
26 years$1,763$1,328$986$723$525$130
27 years$1,680$1,250$916$662$473$110
28 years$1,602$1,178$851$607$427$93
29 years$1,531$1,111$792$556$386$78
30 years$1,464$1,049$738$510$349$66
31 years$1,401$992$688$469$315$56
32 years$1,342$939$642$431$285$47
33 years$1,288$889$599$396$258$40
34 years$1,236$842$560$365$234$34
35 years$1,188$799$523$336$212$28
36 years$1,142$758$490$309$192$24
37 years$1,099$720$458$285$174$20
38 years$1,058$684$429$262$157$17
39 years$1,020$651$402$242$143$14
40 years$983$619$377$223$130$12
41 years$948$589$353$206$118$10
42 years$915$561$332$190$107$9
43 years$884$535$311$175$97$7
44 years$854$510$292$162$88$6
45 years$826$486$274$150$80$5
46 years$799$464$258$138$72$4
47 years$773$443$242$128$66$4
48 years$748$423$227$118$60$3
49 years$725$404$214$109$54$3
50 years$702$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 $719,000, adding $5,342 every year, while hoping to spend $59,902 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: 54/30/16 Blend
44$719,000$719,000$719,000$719,000
45$797,848$759,741$748,597$837,248
46$815,494$733,233$709,940$838,217
47$832,931$703,419$667,980$832,423
48$850,076$670,073$622,543$824,774
49$866,834$632,956$573,448$815,108
50$883,098$591,818$520,505$803,251
51$898,747$546,390$463,516$789,015
52$913,649$496,393$402,273$772,197
53$927,652$441,527$336,560$752,580
54$940,589$381,479$266,152$729,926
55$952,273$315,915$190,812$703,981
56$962,494$244,484$110,293$674,469
57$971,021$166,816$24,340$641,093
58$977,593$82,518$0$603,531
59$981,922$0$0$572,940
60$983,689$0$0$545,534
61$982,536$0$0$543,593
62$978,069$0$0$539,640
63$969,849$0$0$533,413
64$957,388$0$0$524,621
65$940,149$0$0$512,941
66$917,531$0$0$498,016
67$888,874$0$0$479,451
68$853,442$0$0$456,808
69$810,425$0$0$429,600
70$758,923$0$0$397,293
71$697,941$0$0$359,293
72$626,380$0$0$314,943
73$543,023$0$0$263,518
74$446,525$0$0$204,216
75$335,400$0$0$136,151
76$208,005$0$0$58,342
77$62,525$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0