Can I retire at age 45 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$59,622$59,091$58,573$58,067$57,573$56,022
2 years$29,516$28,966$28,433$27,917$27,416$25,864
3 years$19,482$18,930$18,398$17,887$17,394$15,890
4 years$14,466$13,915$13,389$12,886$12,405$10,962
5 years$11,457$10,910$10,391$9,898$9,430$8,050
6 years$9,452$8,909$8,397$7,915$7,462$6,147
7 years$8,020$7,481$6,978$6,508$6,069$4,818
8 years$6,947$6,413$5,918$5,459$5,034$3,848
9 years$6,112$5,584$5,097$4,650$4,240$3,117
10 years$5,445$4,922$4,444$4,008$3,612$2,551
11 years$4,900$4,382$3,912$3,488$3,107$2,106
12 years$4,445$3,933$3,472$3,060$2,692$1,750
13 years$4,061$3,554$3,102$2,701$2,348$1,461
14 years$3,732$3,230$2,787$2,398$2,058$1,226
15 years$3,448$2,951$2,516$2,139$1,812$1,032
16 years$3,199$2,708$2,282$1,915$1,601$871
17 years$2,979$2,494$2,076$1,720$1,420$737
18 years$2,784$2,304$1,895$1,551$1,263$625
19 years$2,610$2,135$1,735$1,401$1,125$531
20 years$2,454$1,984$1,592$1,269$1,005$452
21 years$2,312$1,848$1,465$1,152$900$385
22 years$2,184$1,725$1,350$1,047$806$328
23 years$2,067$1,614$1,246$954$724$280
24 years$1,960$1,512$1,153$870$651$239
25 years$1,861$1,419$1,068$794$585$204
26 years$1,771$1,334$990$726$527$175
27 years$1,687$1,255$919$665$475$149
28 years$1,609$1,183$855$609$429$128
29 years$1,537$1,116$795$559$387$109
30 years$1,470$1,054$741$513$350$94
31 years$1,407$996$691$471$316$80
32 years$1,348$942$644$433$286$69
33 years$1,293$892$602$398$259$59
34 years$1,241$846$562$366$235$50
35 years$1,193$802$526$337$212$43
36 years$1,147$761$492$310$192$37
37 years$1,103$723$460$286$174$32
38 years$1,062$687$431$264$158$27
39 years$1,024$654$404$243$143$23
40 years$987$622$378$224$130$20
41 years$952$592$355$207$118$17
42 years$919$564$333$191$107$15
43 years$888$537$312$176$97$13
44 years$858$512$293$163$88$11
45 years$829$488$275$150$80$9
46 years$802$466$259$139$73$8
47 years$776$444$243$128$66$7
48 years$751$424$228$118$60$6
49 years$728$405$215$109$54$5
50 years$705$387$202$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $722,000, adding $4,646 every year, while hoping to spend $56,509 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: 65/16/19 Blend
44$722,000$722,000$722,000$722,000
45$800,436$762,170$750,979$848,355
46$821,956$739,392$716,012$858,306
47$843,776$713,603$677,979$862,292
48$865,869$684,597$636,719$865,304
49$888,199$652,154$592,061$867,247
50$910,729$616,043$543,829$868,021
51$933,413$576,019$491,837$867,515
52$956,199$531,821$435,891$865,610
53$979,028$483,177$375,790$862,180
54$1,001,832$429,796$311,322$857,086
55$1,024,535$371,372$242,268$850,177
56$1,047,050$307,582$168,396$841,294
57$1,069,279$238,083$89,467$830,261
58$1,091,111$162,515$5,230$816,889
59$1,112,422$80,496$0$800,975
60$1,133,073$0$0$799,461
61$1,152,906$0$0$798,665
62$1,171,747$0$0$811,305
63$1,189,398$0$0$823,066
64$1,205,641$0$0$833,790
65$1,220,231$0$0$843,302
66$1,232,894$0$0$851,405
67$1,243,328$0$0$857,879
68$1,251,194$0$0$862,483
69$1,256,114$0$0$864,944
70$1,257,672$0$0$864,963
71$1,255,401$0$0$862,206
72$1,248,787$0$0$856,301
73$1,237,256$0$0$846,838
74$1,220,173$0$0$833,360
75$1,196,834$0$0$815,362
76$1,166,459$0$0$792,284
77$1,128,183$0$0$763,505
78$1,081,050$0$0$728,338
79$1,024,000$0$0$686,024
80$955,861$0$0$635,720
81$875,334$0$0$576,496
82$780,986$0$0$507,324
83$671,230$0$0$427,065
84$544,313$0$0$334,461
85$398,295$0$0$228,123
86$231,035$0$0$106,513
87$40,166$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0