Can I retire at age 45 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$59,540$59,009$58,492$57,987$57,494$55,191
2 years$29,475$28,926$28,394$27,878$27,378$25,087
3 years$19,455$18,903$18,373$17,862$17,370$15,162
4 years$14,446$13,896$13,371$12,868$12,388$10,281
5 years$11,441$10,895$10,376$9,884$9,417$7,417
6 years$9,439$8,896$8,386$7,904$7,452$5,558
7 years$8,009$7,471$6,968$6,499$6,060$4,273
8 years$6,937$6,404$5,910$5,452$5,027$3,345
9 years$6,104$5,576$5,090$4,644$4,234$2,654
10 years$5,438$4,915$4,438$4,003$3,607$2,126
11 years$4,893$4,375$3,907$3,484$3,103$1,717
12 years$4,439$3,927$3,467$3,056$2,689$1,394
13 years$4,056$3,549$3,098$2,698$2,345$1,138
14 years$3,727$3,226$2,783$2,395$2,055$932
15 years$3,443$2,947$2,513$2,136$1,810$766
16 years$3,194$2,704$2,278$1,912$1,599$631
17 years$2,975$2,490$2,073$1,718$1,418$521
18 years$2,781$2,301$1,893$1,548$1,261$431
19 years$2,607$2,133$1,733$1,399$1,124$357
20 years$2,450$1,982$1,590$1,267$1,004$296
21 years$2,309$1,846$1,463$1,150$898$245
22 years$2,181$1,723$1,348$1,046$805$204
23 years$2,064$1,611$1,245$952$723$169
24 years$1,957$1,510$1,151$869$650$141
25 years$1,859$1,417$1,066$793$585$117
26 years$1,768$1,332$989$725$527$97
27 years$1,685$1,253$918$664$475$81
28 years$1,607$1,181$854$608$428$67
29 years$1,535$1,114$794$558$387$56
30 years$1,468$1,052$740$512$350$47
31 years$1,405$995$690$470$316$39
32 years$1,346$941$644$432$286$32
33 years$1,291$891$601$397$259$27
34 years$1,240$845$561$366$234$22
35 years$1,191$801$525$337$212$19
36 years$1,145$760$491$310$192$16
37 years$1,102$722$460$286$174$13
38 years$1,061$686$430$263$158$11
39 years$1,022$653$403$243$143$9
40 years$986$621$378$224$130$8
41 years$951$591$354$207$118$6
42 years$918$563$332$191$107$5
43 years$887$536$312$176$97$4
44 years$857$511$293$162$88$4
45 years$828$488$275$150$80$3
46 years$801$465$258$139$73$3
47 years$775$444$243$128$66$2
48 years$750$424$228$118$60$2
49 years$727$405$214$109$54$1
50 years$704$387$201$101$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $721,000, adding $6,841 every year, while hoping to spend $33,794 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: 45/35/20 Blend
44$721,000$721,000$721,000$721,000
45$801,598$763,385$752,210$832,779
46$847,405$764,835$741,452$856,803
47$896,751$765,223$729,202$878,963
48$949,962$764,461$715,373$902,294
49$1,007,396$762,457$699,875$926,920
50$1,069,444$759,112$682,615$952,981
51$1,136,540$754,320$663,495$980,632
52$1,209,156$747,971$642,411$1,010,046
53$1,287,816$739,947$619,257$1,041,416
54$1,373,091$730,123$593,921$1,074,958
55$1,465,612$718,365$566,283$1,110,911
56$1,566,074$704,534$536,223$1,149,543
57$1,675,238$688,481$503,611$1,191,150
58$1,793,944$670,047$468,313$1,236,064
59$1,923,114$649,068$430,190$1,284,651
60$2,063,765$625,365$389,094$1,337,321
61$2,217,013$598,753$344,873$1,394,528
62$2,384,090$569,033$297,368$1,456,776
63$2,566,347$535,996$246,410$1,524,625
64$2,765,277$499,422$191,827$1,598,697
65$2,982,517$459,076$133,435$1,679,682
66$3,219,874$414,711$71,046$1,768,345
67$3,479,336$366,066$4,460$1,865,536
68$3,763,091$312,865$0$1,972,196
69$4,073,547$254,817$0$2,103,579
70$4,413,359$191,613$0$2,248,569
71$4,785,447$122,928$0$2,407,544
72$5,193,028$48,417$0$2,581,970
73$5,639,647$0$0$2,773,472
74$6,129,203$0$0$2,996,277
75$6,665,996$0$0$3,261,112
76$7,254,757$0$0$3,551,675
77$7,900,699$0$0$3,870,550
78$8,609,566$0$0$4,220,584
79$9,387,681$0$0$4,604,910
80$10,242,012$0$0$5,026,984
81$11,180,234$0$0$5,490,610
82$12,210,800$0$0$5,999,977
83$13,343,025$0$0$6,559,704
84$14,587,169$0$0$7,174,876
85$15,954,535$0$0$7,851,097
86$17,457,576$0$0$8,594,541
87$19,110,011$0$0$9,412,010
88$20,926,955$0$0$10,310,996
89$22,925,060$0$0$11,299,756
90$25,122,674$0$0$12,387,386
91$27,540,011$0$0$13,583,908
92$30,199,343$0$0$14,900,366
93$33,125,211$0$0$16,348,926
94$36,344,651$0$0$17,942,993
95$39,887,455$0$0$19,697,340
96$43,786,448$0$0$21,628,241
97$48,077,798$0$0$23,753,629
98$52,801,358$0$0$26,093,266
99$58,001,039$0$0$28,668,924
100$63,725,226$0$0$31,504,594