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%13.2%
1 years$59,540$59,009$58,492$57,987$57,494$56,728
2 years$29,475$28,926$28,394$27,878$27,378$26,608
3 years$19,455$18,903$18,373$17,862$17,370$16,619
4 years$14,446$13,896$13,371$12,868$12,388$11,663
5 years$11,441$10,895$10,376$9,884$9,417$8,719
6 years$9,439$8,896$8,386$7,904$7,452$6,782
7 years$8,009$7,471$6,968$6,499$6,060$5,419
8 years$6,937$6,404$5,910$5,452$5,027$4,414
9 years$6,104$5,576$5,090$4,644$4,234$3,649
10 years$5,438$4,915$4,438$4,003$3,607$3,050
11 years$4,893$4,375$3,907$3,484$3,103$2,572
12 years$4,439$3,927$3,467$3,056$2,689$2,185
13 years$4,056$3,549$3,098$2,698$2,345$1,866
14 years$3,727$3,226$2,783$2,395$2,055$1,602
15 years$3,443$2,947$2,513$2,136$1,810$1,381
16 years$3,194$2,704$2,278$1,912$1,599$1,194
17 years$2,975$2,490$2,073$1,718$1,418$1,036
18 years$2,781$2,301$1,893$1,548$1,261$900
19 years$2,607$2,133$1,733$1,399$1,124$784
20 years$2,450$1,982$1,590$1,267$1,004$685
21 years$2,309$1,846$1,463$1,150$898$598
22 years$2,181$1,723$1,348$1,046$805$524
23 years$2,064$1,611$1,245$952$723$459
24 years$1,957$1,510$1,151$869$650$403
25 years$1,859$1,417$1,066$793$585$353
26 years$1,768$1,332$989$725$527$310
27 years$1,685$1,253$918$664$475$273
28 years$1,607$1,181$854$608$428$240
29 years$1,535$1,114$794$558$387$211
30 years$1,468$1,052$740$512$350$186
31 years$1,405$995$690$470$316$164
32 years$1,346$941$644$432$286$144
33 years$1,291$891$601$397$259$127
34 years$1,240$845$561$366$234$112
35 years$1,191$801$525$337$212$99
36 years$1,145$760$491$310$192$87
37 years$1,102$722$460$286$174$77
38 years$1,061$686$430$263$158$68
39 years$1,022$653$403$243$143$60
40 years$986$621$378$224$130$53
41 years$951$591$354$207$118$47
42 years$918$563$332$191$107$41
43 years$887$536$312$176$97$36
44 years$857$511$293$162$88$32
45 years$828$488$275$150$80$28
46 years$801$465$258$139$73$25
47 years$775$444$243$128$66$22
48 years$750$424$228$118$60$20
49 years$727$405$214$109$54$17
50 years$704$387$201$101$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $721,000, adding $3,594 every year, while hoping to spend $44,563 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: 37/45/18 Blend
44$721,000$721,000$721,000$721,000
45$798,249$760,036$748,861$823,320
46$832,256$749,863$726,533$831,595
47$868,238$737,698$701,963$836,051
48$906,349$723,397$675,030$839,931
49$946,759$706,805$645,606$843,206
50$989,651$687,761$613,556$845,851
51$1,035,227$666,094$578,743$847,841
52$1,083,708$641,620$541,018$849,153
53$1,135,336$614,148$500,231$849,766
54$1,190,373$583,475$456,222$849,663
55$1,249,110$549,384$408,825$848,828
56$1,311,864$511,648$357,865$847,252
57$1,378,982$470,027$303,161$844,929
58$1,450,845$424,266$244,524$841,859
59$1,527,871$374,095$181,756$838,048
60$1,610,519$319,230$114,650$833,512
61$1,699,291$259,372$42,990$828,272
62$1,794,740$194,202$0$822,364
63$1,897,471$123,385$0$822,262
64$2,008,150$46,569$0$830,825
65$2,127,509$0$0$839,908
66$2,256,350$0$0$867,787
67$2,395,555$0$0$922,902
68$2,546,094$0$0$982,586
69$2,709,034$0$0$1,047,273
70$2,885,545$0$0$1,117,439
71$3,076,917$0$0$1,193,606
72$3,284,565$0$0$1,276,352
73$3,510,048$0$0$1,366,309
74$3,755,080$0$0$1,464,175
75$4,021,546$0$0$1,570,716
76$4,311,520$0$0$1,686,776
77$4,627,284$0$0$1,813,282
78$4,971,350$0$0$1,951,258
79$5,346,482$0$0$2,101,828
80$5,755,720$0$0$2,266,229
81$6,202,414$0$0$2,445,825
82$6,690,248$0$0$2,642,115
83$7,223,279$0$0$2,856,752
84$7,805,974$0$0$3,091,553
85$8,443,251$0$0$3,348,522
86$9,140,524$0$0$3,629,863
87$9,903,754$0$0$3,938,004
88$10,739,507$0$0$4,275,619
89$11,655,013$0$0$4,645,653
90$12,658,232$0$0$5,051,349
91$13,757,934$0$0$5,496,279
92$14,963,775$0$0$5,984,377
93$16,286,391$0$0$6,519,976
94$17,737,498$0$0$7,107,851
95$19,330,000$0$0$7,753,258
96$21,078,110$0$0$8,461,989
97$22,997,485$0$0$9,240,424
98$25,105,374$0$0$10,095,593
99$27,420,774$0$0$11,035,237
100$29,964,616$0$0$12,067,886