Can I retire at age 45 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$59,457$58,927$58,411$57,906$57,414$56,838
2 years$29,434$28,886$28,355$27,840$27,340$26,760
3 years$19,428$18,877$18,347$17,837$17,346$16,779
4 years$14,426$13,877$13,352$12,851$12,371$11,823
5 years$11,425$10,880$10,362$9,870$9,404$8,876
6 years$9,425$8,884$8,374$7,894$7,441$6,934
7 years$7,998$7,461$6,959$6,490$6,052$5,565
8 years$6,927$6,395$5,902$5,444$5,020$4,554
9 years$6,095$5,568$5,083$4,637$4,228$3,782
10 years$5,430$4,908$4,431$3,997$3,602$3,177
11 years$4,886$4,369$3,901$3,479$3,098$2,692
12 years$4,433$3,922$3,462$3,051$2,685$2,299
13 years$4,050$3,544$3,093$2,694$2,341$1,974
14 years$3,722$3,221$2,779$2,391$2,052$1,704
15 years$3,438$2,943$2,509$2,133$1,807$1,476
16 years$3,190$2,700$2,275$1,910$1,597$1,284
17 years$2,971$2,487$2,070$1,716$1,416$1,120
18 years$2,777$2,298$1,890$1,546$1,259$979
19 years$2,603$2,130$1,730$1,397$1,122$858
20 years$2,447$1,979$1,588$1,265$1,002$753
21 years$2,306$1,843$1,461$1,148$897$662
22 years$2,178$1,721$1,346$1,044$804$583
23 years$2,061$1,609$1,243$951$722$514
24 years$1,954$1,508$1,149$867$649$454
25 years$1,856$1,415$1,065$792$584$401
26 years$1,766$1,330$987$724$526$354
27 years$1,682$1,252$917$663$474$314
28 years$1,605$1,179$852$607$428$278
29 years$1,533$1,113$793$557$386$246
30 years$1,466$1,051$739$511$349$218
31 years$1,403$993$689$469$316$193
32 years$1,344$940$643$431$285$171
33 years$1,289$890$600$397$258$152
34 years$1,238$844$561$365$234$135
35 years$1,189$800$524$336$212$120
36 years$1,144$759$490$309$192$106
37 years$1,100$721$459$285$174$95
38 years$1,060$685$430$263$158$84
39 years$1,021$652$403$242$143$75
40 years$984$620$377$224$130$66
41 years$950$590$354$206$118$59
42 years$917$562$332$190$107$52
43 years$885$536$312$176$97$47
44 years$855$511$292$162$88$41
45 years$827$487$275$150$80$37
46 years$800$464$258$138$73$33
47 years$774$443$242$128$66$29
48 years$749$423$228$118$60$26
49 years$726$404$214$109$54$23
50 years$703$386$201$101$49$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $720,000, adding $6,515 every year, while hoping to spend $35,734 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: 79/15/6 Blend
44$720,000$720,000$720,000$720,000
45$800,160$762,000$750,840$862,459
46$843,756$761,318$737,973$903,532
47$890,601$759,404$723,476$943,221
48$940,988$756,161$707,259$985,683
49$995,241$751,485$689,224$1,031,175
50$1,053,713$745,265$669,271$1,079,982
51$1,116,793$737,385$647,293$1,132,417
52$1,184,910$727,720$623,181$1,188,828
53$1,258,531$716,138$596,818$1,249,594
54$1,338,174$702,502$568,084$1,315,135
55$1,424,405$686,662$536,852$1,385,915
56$1,517,849$668,463$502,991$1,462,445
57$1,619,190$647,739$466,362$1,545,285
58$1,729,184$624,314$426,822$1,635,058
59$1,848,660$598,005$384,220$1,732,446
60$1,978,530$568,614$338,398$1,838,203
61$2,119,798$535,933$289,192$1,953,161
62$2,273,568$499,745$236,430$2,078,235
63$2,441,055$459,816$179,934$2,214,437
64$2,623,597$415,901$119,516$2,362,881
65$2,822,666$367,742$54,981$2,524,794
66$3,039,880$315,063$0$2,701,532
67$3,277,023$257,577$0$2,895,477
68$3,536,058$194,977$0$3,111,202
69$3,819,144$126,939$0$3,347,012
70$4,128,662$53,124$0$3,604,925
71$4,467,229$0$0$3,887,164
72$4,837,729$0$0$4,200,609
73$5,243,338$0$0$4,553,377
74$5,687,552$0$0$4,939,743
75$6,174,222$0$0$5,363,059
76$6,707,588$0$0$5,827,016
77$7,292,321$0$0$6,335,679
78$7,933,564$0$0$6,893,527
79$8,636,983$0$0$7,505,492
80$9,408,818$0$0$8,177,004
81$10,255,942$0$0$8,914,049
82$11,185,927$0$0$9,723,216
83$12,207,112$0$0$10,611,766
84$13,328,685$0$0$11,587,697
85$14,560,767$0$0$12,659,819
86$15,914,506$0$0$13,837,838
87$17,402,186$0$0$15,132,446
88$19,037,338$0$0$16,555,424
89$20,834,870$0$0$18,119,749
90$22,811,205$0$0$19,839,718
91$24,984,438$0$0$21,731,085
92$27,374,506$0$0$23,811,204
93$30,003,372$0$0$26,099,197
94$32,895,238$0$0$28,616,132
95$36,076,768$0$0$31,385,221
96$39,577,339$0$0$34,432,040
97$43,429,321$0$0$37,784,768
98$47,668,381$0$0$41,474,455
99$52,333,818$0$0$45,535,313
100$57,468,931$0$0$50,005,038