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%11.2%
1 years$59,540$59,009$58,492$57,987$57,494$57,203
2 years$29,475$28,926$28,394$27,878$27,378$27,085
3 years$19,455$18,903$18,373$17,862$17,370$17,083
4 years$14,446$13,896$13,371$12,868$12,388$12,110
5 years$11,441$10,895$10,376$9,884$9,417$9,149
6 years$9,439$8,896$8,386$7,904$7,452$7,193
7 years$8,009$7,471$6,968$6,499$6,060$5,811
8 years$6,937$6,404$5,910$5,452$5,027$4,788
9 years$6,104$5,576$5,090$4,644$4,234$4,005
10 years$5,438$4,915$4,438$4,003$3,607$3,388
11 years$4,893$4,375$3,907$3,484$3,103$2,893
12 years$4,439$3,927$3,467$3,056$2,689$2,488
13 years$4,056$3,549$3,098$2,698$2,345$2,153
14 years$3,727$3,226$2,783$2,395$2,055$1,873
15 years$3,443$2,947$2,513$2,136$1,810$1,636
16 years$3,194$2,704$2,278$1,912$1,599$1,435
17 years$2,975$2,490$2,073$1,718$1,418$1,262
18 years$2,781$2,301$1,893$1,548$1,261$1,112
19 years$2,607$2,133$1,733$1,399$1,124$983
20 years$2,450$1,982$1,590$1,267$1,004$871
21 years$2,309$1,846$1,463$1,150$898$772
22 years$2,181$1,723$1,348$1,046$805$686
23 years$2,064$1,611$1,245$952$723$611
24 years$1,957$1,510$1,151$869$650$544
25 years$1,859$1,417$1,066$793$585$485
26 years$1,768$1,332$989$725$527$433
27 years$1,685$1,253$918$664$475$387
28 years$1,607$1,181$854$608$428$346
29 years$1,535$1,114$794$558$387$309
30 years$1,468$1,052$740$512$350$277
31 years$1,405$995$690$470$316$248
32 years$1,346$941$644$432$286$222
33 years$1,291$891$601$397$259$199
34 years$1,240$845$561$366$234$178
35 years$1,191$801$525$337$212$160
36 years$1,145$760$491$310$192$143
37 years$1,102$722$460$286$174$129
38 years$1,061$686$430$263$158$115
39 years$1,022$653$403$243$143$104
40 years$986$621$378$224$130$93
41 years$951$591$354$207$118$84
42 years$918$563$332$191$107$75
43 years$887$536$312$176$97$67
44 years$857$511$293$162$88$61
45 years$828$488$275$150$80$54
46 years$801$465$258$139$73$49
47 years$775$444$243$128$66$44
48 years$750$424$228$118$60$39
49 years$727$405$214$109$54$35
50 years$704$387$201$101$49$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $721,000, adding $5,429 every year, while hoping to spend $36,542 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: 52/32/16 Blend
44$721,000$721,000$721,000$721,000
45$800,142$761,929$750,754$838,007
46$842,876$760,383$737,023$863,002
47$888,744$757,537$721,608$885,872
48$938,028$753,288$704,414$909,937
49$991,035$747,527$685,340$935,322
50$1,048,105$740,140$664,283$962,163
51$1,109,609$731,005$641,135$990,616
52$1,175,957$719,992$615,780$1,020,852
53$1,247,597$706,964$588,101$1,053,064
54$1,325,023$691,776$557,974$1,087,464
55$1,408,776$674,274$525,267$1,124,291
56$1,499,454$654,295$489,845$1,163,809
57$1,597,710$631,668$451,567$1,206,312
58$1,704,265$606,209$410,284$1,252,128
59$1,819,913$577,725$365,841$1,301,620
60$1,945,523$546,013$318,076$1,355,192
61$2,082,056$510,857$266,820$1,413,293
62$2,230,564$472,027$211,897$1,476,423
63$2,392,208$429,284$153,123$1,545,133
64$2,568,266$382,371$90,304$1,620,039
65$2,760,140$331,018$23,241$1,701,822
66$2,969,378$274,942$0$1,791,238
67$3,197,681$213,841$0$1,897,374
68$3,446,922$147,396$0$2,017,681
69$3,719,163$75,273$0$2,149,254
70$4,016,672$0$0$2,293,275
71$4,341,950$0$0$2,452,066
72$4,697,746$0$0$2,654,816
73$5,087,091$0$0$2,876,755
74$5,513,319$0$0$3,119,792
75$5,980,104$0$0$3,386,032
76$6,491,490$0$0$3,677,792
77$7,051,932$0$0$3,997,622
78$7,666,336$0$0$4,348,332
79$8,340,106$0$0$4,733,018
80$9,079,191$0$0$5,155,089
81$9,890,148$0$0$5,618,298
82$10,780,196$0$0$6,126,783
83$11,757,288$0$0$6,685,099
84$12,830,185$0$0$7,298,265
85$14,008,538$0$0$7,971,809
86$15,302,978$0$0$8,711,822
87$16,725,216$0$0$9,525,013
88$18,288,154$0$0$10,418,774
89$20,006,007$0$0$11,401,249
90$21,894,433$0$0$12,481,408
91$23,970,684$0$0$13,669,136
92$26,253,768$0$0$14,975,324
93$28,764,627$0$0$16,411,968
94$31,526,331$0$0$17,992,289
95$34,564,302$0$0$19,730,851
96$37,906,548$0$0$21,643,701
97$41,583,929$0$0$23,748,522
98$45,630,447$0$0$26,064,796
99$50,083,565$0$0$28,613,987
100$54,984,564$0$0$31,419,750