Can I retire at age 45 with 720,000?

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 $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%15.3%
1 years$59,457$58,927$58,411$57,906$57,414$56,163
2 years$29,434$28,886$28,355$27,840$27,340$26,086
3 years$19,428$18,877$18,347$17,837$17,346$16,128
4 years$14,426$13,877$13,352$12,851$12,371$11,198
5 years$11,425$10,880$10,362$9,870$9,404$8,280
6 years$9,425$8,884$8,374$7,894$7,441$6,367
7 years$7,998$7,461$6,959$6,490$6,052$5,028
8 years$6,927$6,395$5,902$5,444$5,020$4,047
9 years$6,095$5,568$5,083$4,637$4,228$3,303
10 years$5,430$4,908$4,431$3,997$3,602$2,726
11 years$4,886$4,369$3,901$3,479$3,098$2,269
12 years$4,433$3,922$3,462$3,051$2,685$1,901
13 years$4,050$3,544$3,093$2,694$2,341$1,602
14 years$3,722$3,221$2,779$2,391$2,052$1,356
15 years$3,438$2,943$2,509$2,133$1,807$1,152
16 years$3,190$2,700$2,275$1,910$1,597$981
17 years$2,971$2,487$2,070$1,716$1,416$838
18 years$2,777$2,298$1,890$1,546$1,259$718
19 years$2,603$2,130$1,730$1,397$1,122$616
20 years$2,447$1,979$1,588$1,265$1,002$529
21 years$2,306$1,843$1,461$1,148$897$455
22 years$2,178$1,721$1,346$1,044$804$392
23 years$2,061$1,609$1,243$951$722$338
24 years$1,954$1,508$1,149$867$649$292
25 years$1,856$1,415$1,065$792$584$252
26 years$1,766$1,330$987$724$526$217
27 years$1,682$1,252$917$663$474$188
28 years$1,605$1,179$852$607$428$163
29 years$1,533$1,113$793$557$386$141
30 years$1,466$1,051$739$511$349$122
31 years$1,403$993$689$469$316$105
32 years$1,344$940$643$431$285$91
33 years$1,289$890$600$397$258$79
34 years$1,238$844$561$365$234$68
35 years$1,189$800$524$336$212$59
36 years$1,144$759$490$309$192$51
37 years$1,100$721$459$285$174$45
38 years$1,060$685$430$263$158$39
39 years$1,021$652$403$242$143$33
40 years$984$620$377$224$130$29
41 years$950$590$354$206$118$25
42 years$917$562$332$190$107$22
43 years$885$536$312$176$97$19
44 years$855$511$292$162$88$16
45 years$827$487$275$150$80$14
46 years$800$464$258$138$73$12
47 years$774$443$242$128$66$11
48 years$749$423$228$118$60$9
49 years$726$404$214$109$54$8
50 years$703$386$201$101$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $720,000, adding $4,039 every year, while hoping to spend $46,934 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: 54/22/24 Blend
44$720,000$720,000$720,000$720,000
45$797,606$759,446$748,286$835,202
46$829,025$746,722$723,416$848,791
47$862,075$731,801$696,140$858,366
48$896,873$714,526$666,328$867,812
49$933,548$694,731$633,843$877,134
50$972,236$672,240$598,544$886,339
51$1,013,091$646,865$560,281$895,435
52$1,056,275$618,411$518,900$904,438
53$1,101,970$586,668$474,238$913,366
54$1,150,371$551,414$426,125$922,243
55$1,201,692$512,418$374,384$931,100
56$1,256,169$469,431$318,830$939,971
57$1,314,058$422,192$259,270$948,903
58$1,375,639$370,427$195,503$957,949
59$1,441,219$313,842$127,317$967,172
60$1,511,134$252,131$54,492$976,645
61$1,585,752$184,967$0$986,458
62$1,665,476$112,008$0$1,002,657
63$1,750,748$32,890$0$1,034,692
64$1,842,053$0$0$1,068,793
65$1,939,921$0$0$1,117,957
66$2,044,937$0$0$1,179,302
67$2,157,740$0$0$1,245,244
68$2,279,031$0$0$1,316,200
69$2,409,582$0$0$1,392,628
70$2,550,238$0$0$1,475,031
71$2,701,931$0$0$1,563,959
72$2,865,680$0$0$1,660,020
73$3,042,609$0$0$1,763,880
74$3,233,951$0$0$1,876,272
75$3,441,060$0$0$1,998,001
76$3,665,428$0$0$2,129,952
77$3,908,693$0$0$2,273,099
78$4,172,657$0$0$2,428,513
79$4,459,301$0$0$2,597,370
80$4,770,806$0$0$2,780,968
81$5,109,568$0$0$2,980,731
82$5,478,227$0$0$3,198,226
83$5,879,685$0$0$3,435,180
84$6,317,136$0$0$3,693,492
85$6,794,095$0$0$3,975,251
86$7,314,431$0$0$4,282,758
87$7,882,403$0$0$4,618,544
88$8,502,698$0$0$4,985,397
89$9,180,476$0$0$5,386,386
90$9,921,418$0$0$5,824,889
91$10,731,778$0$0$6,304,625
92$11,618,445$0$0$6,829,691
93$12,589,000$0$0$7,404,597
94$13,651,795$0$0$8,034,308
95$14,816,024$0$0$8,724,295
96$16,091,814$0$0$9,480,581
97$17,490,319$0$0$10,309,800
98$19,023,821$0$0$11,219,259
99$20,705,849$0$0$12,217,005
100$22,551,304$0$0$13,311,902