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%16.7%
1 years$59,457$58,927$58,411$57,906$57,414$55,845
2 years$29,434$28,886$28,355$27,840$27,340$25,771
3 years$19,428$18,877$18,347$17,837$17,346$15,825
4 years$14,426$13,877$13,352$12,851$12,371$10,911
5 years$11,425$10,880$10,362$9,870$9,404$8,009
6 years$9,425$8,884$8,374$7,894$7,441$6,112
7 years$7,998$7,461$6,959$6,490$6,052$4,788
8 years$6,927$6,395$5,902$5,444$5,020$3,822
9 years$6,095$5,568$5,083$4,637$4,228$3,094
10 years$5,430$4,908$4,431$3,997$3,602$2,531
11 years$4,886$4,369$3,901$3,479$3,098$2,088
12 years$4,433$3,922$3,462$3,051$2,685$1,733
13 years$4,050$3,544$3,093$2,694$2,341$1,447
14 years$3,722$3,221$2,779$2,391$2,052$1,213
15 years$3,438$2,943$2,509$2,133$1,807$1,020
16 years$3,190$2,700$2,275$1,910$1,597$861
17 years$2,971$2,487$2,070$1,716$1,416$728
18 years$2,777$2,298$1,890$1,546$1,259$617
19 years$2,603$2,130$1,730$1,397$1,122$524
20 years$2,447$1,979$1,588$1,265$1,002$445
21 years$2,306$1,843$1,461$1,148$897$379
22 years$2,178$1,721$1,346$1,044$804$323
23 years$2,061$1,609$1,243$951$722$275
24 years$1,954$1,508$1,149$867$649$235
25 years$1,856$1,415$1,065$792$584$201
26 years$1,766$1,330$987$724$526$171
27 years$1,682$1,252$917$663$474$146
28 years$1,605$1,179$852$607$428$125
29 years$1,533$1,113$793$557$386$107
30 years$1,466$1,051$739$511$349$92
31 years$1,403$993$689$469$316$78
32 years$1,344$940$643$431$285$67
33 years$1,289$890$600$397$258$57
34 years$1,238$844$561$365$234$49
35 years$1,189$800$524$336$212$42
36 years$1,144$759$490$309$192$36
37 years$1,100$721$459$285$174$31
38 years$1,060$685$430$263$158$26
39 years$1,021$652$403$242$143$23
40 years$984$620$377$224$130$19
41 years$950$590$354$206$118$17
42 years$917$562$332$190$107$14
43 years$885$536$312$176$97$12
44 years$855$511$292$162$88$10
45 years$827$487$275$150$80$9
46 years$800$464$258$138$73$8
47 years$774$443$242$128$66$7
48 years$749$423$228$118$60$6
49 years$726$404$214$109$54$5
50 years$703$386$201$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $720,000, adding $3,697 every year, while hoping to spend $22,061 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: 32/43/25 Blend
44$720,000$720,000$720,000$720,000
45$797,253$759,093$747,933$816,558
46$855,101$772,816$749,516$845,251
47$918,109$786,472$750,413$873,907
48$986,781$800,035$750,577$904,331
49$1,061,671$813,475$749,960$936,692
50$1,143,389$826,762$748,511$971,178
51$1,232,604$839,863$746,176$1,007,998
52$1,330,056$852,743$742,899$1,047,380
53$1,436,558$865,363$738,622$1,089,579
54$1,553,004$877,683$733,283$1,134,878
55$1,680,380$889,660$726,818$1,183,586
56$1,819,771$901,245$719,159$1,236,049
57$1,972,372$912,390$710,234$1,292,646
58$2,139,498$923,041$699,971$1,353,798
59$2,322,598$933,141$688,291$1,419,971
60$2,523,267$942,630$675,114$1,491,679
61$2,743,264$951,442$660,353$1,569,491
62$2,984,522$959,508$643,921$1,654,034
63$3,249,175$966,756$625,724$1,746,004
64$3,539,570$973,105$605,664$1,846,168
65$3,858,292$978,474$583,640$1,955,373
66$4,208,192$982,773$559,546$2,074,558
67$4,592,406$985,907$533,269$2,204,758
68$5,014,392$987,777$504,694$2,347,115
69$5,477,957$988,276$473,699$2,502,895
70$5,987,298$987,291$440,157$2,673,491
71$6,547,035$984,700$403,935$2,860,446
72$7,162,259$980,377$364,893$3,065,461
73$7,838,580$974,187$322,888$3,290,416
74$8,582,178$965,985$277,768$3,537,387
75$9,399,861$955,618$229,373$3,808,664
76$10,299,130$942,927$177,540$4,106,778
77$11,288,249$927,738$122,096$4,434,521
78$12,376,325$909,872$62,861$4,794,977
79$13,573,390$889,135$0$5,191,547
80$14,890,498$865,325$0$5,628,082
81$16,339,829$838,226$0$6,126,533
82$17,934,801$807,609$0$6,674,745
83$19,690,203$773,234$0$7,277,821
84$21,622,327$734,846$0$7,941,392
85$23,749,124$692,173$0$8,671,666
86$26,090,377$644,931$0$9,475,489
87$28,667,881$592,818$0$10,360,412
88$31,505,653$535,515$0$11,334,758
89$34,630,157$472,683$0$12,407,708
90$38,070,556$403,967$0$13,589,383
91$41,858,980$328,989$0$14,890,945
92$46,030,839$247,353$0$16,324,700
93$50,625,149$158,636$0$17,904,215
94$55,684,901$62,397$0$19,644,452
95$61,257,472$0$0$21,561,904
96$67,395,065$0$0$23,694,553
97$74,155,207$0$0$26,076,193
98$81,601,287$0$0$28,699,651
99$89,803,158$0$0$31,589,557
100$98,837,794$0$0$34,773,055