Can I retire at age 45 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$59,705$59,173$58,654$58,148$57,653$55,696
2 years$29,557$29,006$28,473$27,956$27,454$25,502
3 years$19,509$18,956$18,424$17,911$17,418$15,532
4 years$14,486$13,935$13,408$12,904$12,423$10,618
5 years$11,473$10,925$10,405$9,912$9,443$7,724
6 years$9,465$8,921$8,409$7,926$7,472$5,840
7 years$8,031$7,492$6,988$6,517$6,077$4,531
8 years$6,956$6,422$5,926$5,467$5,041$3,581
9 years$6,121$5,591$5,104$4,656$4,246$2,869
10 years$5,453$4,929$4,450$4,014$3,617$2,322
11 years$4,906$4,388$3,918$3,493$3,111$1,894
12 years$4,452$3,938$3,477$3,064$2,696$1,555
13 years$4,067$3,559$3,106$2,705$2,351$1,283
14 years$3,738$3,235$2,791$2,401$2,061$1,063
15 years$3,452$2,955$2,520$2,142$1,815$884
16 years$3,203$2,711$2,285$1,918$1,604$736
17 years$2,983$2,497$2,079$1,723$1,422$615
18 years$2,788$2,307$1,898$1,553$1,264$515
19 years$2,614$2,138$1,737$1,403$1,127$431
20 years$2,457$1,987$1,594$1,271$1,007$362
21 years$2,316$1,851$1,467$1,153$901$304
22 years$2,187$1,728$1,352$1,049$807$256
23 years$2,070$1,616$1,248$955$725$215
24 years$1,963$1,514$1,154$871$651$181
25 years$1,864$1,421$1,069$795$586$152
26 years$1,773$1,335$992$727$528$129
27 years$1,689$1,257$921$666$476$108
28 years$1,611$1,184$856$610$430$91
29 years$1,539$1,117$796$559$388$77
30 years$1,472$1,055$742$513$350$65
31 years$1,409$997$692$471$317$55
32 years$1,350$944$645$433$287$46
33 years$1,295$894$603$398$259$39
34 years$1,243$847$563$367$235$33
35 years$1,194$803$526$337$213$28
36 years$1,148$763$492$311$193$23
37 years$1,105$724$461$286$175$20
38 years$1,064$688$432$264$158$17
39 years$1,025$655$404$243$144$14
40 years$988$623$379$224$130$12
41 years$954$593$355$207$118$10
42 years$920$565$333$191$107$9
43 years$889$538$313$176$97$7
44 years$859$513$294$163$88$6
45 years$830$489$276$150$80$5
46 years$803$466$259$139$73$4
47 years$777$445$243$128$66$4
48 years$752$425$229$119$60$3
49 years$729$406$215$110$55$3
50 years$706$388$202$101$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $723,000, adding $2,905 every year, while hoping to spend $31,825 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: 60/17/23 Blend
44$723,000$723,000$723,000$723,000
45$799,743$761,424$750,217$842,673
46$847,455$764,872$741,488$875,607
47$898,967$767,422$731,399$907,806
48$954,633$768,997$719,873$942,239
49$1,014,842$769,515$706,825$979,128
50$1,080,022$768,887$692,170$1,018,719
51$1,150,643$767,021$675,816$1,061,287
52$1,227,222$763,818$657,669$1,107,132
53$1,310,326$759,174$637,629$1,156,588
54$1,400,583$752,976$615,592$1,210,025
55$1,498,678$745,108$591,451$1,267,849
56$1,605,369$735,444$565,090$1,330,513
57$1,721,488$723,852$536,392$1,398,514
58$1,847,951$710,192$505,232$1,472,404
59$1,985,765$694,314$471,481$1,552,792
60$2,136,040$676,063$435,003$1,640,352
61$2,299,997$655,271$395,656$1,735,826
62$2,478,979$631,761$353,292$1,840,038
63$2,674,464$605,347$307,758$1,953,894
64$2,888,083$575,832$258,891$2,078,399
65$3,121,626$543,007$206,522$2,214,660
66$3,377,068$506,651$150,477$2,363,901
67$3,656,582$466,529$90,571$2,527,473
68$3,962,560$422,396$26,612$2,706,871
69$4,297,638$373,990$0$2,903,741
70$4,664,717$321,036$0$3,130,123
71$5,066,993$263,241$0$3,385,441
72$5,507,984$200,298$0$3,665,428
73$5,991,568$131,882$0$3,972,590
74$6,522,013$57,650$0$4,309,687
75$7,104,022$0$0$4,679,763
76$7,742,774$0$0$5,090,433
77$8,443,974$0$0$5,553,150
78$9,213,906$0$0$6,061,284
79$10,059,494$0$0$6,619,412
80$10,988,363$0$0$7,232,575
81$12,008,916$0$0$7,906,327
82$13,130,407$0$0$8,646,787
83$14,363,032$0$0$9,460,695
84$15,718,024$0$0$10,355,477
85$17,207,760$0$0$11,339,316
86$18,845,873$0$0$12,421,225
87$20,647,386$0$0$13,611,136
88$22,628,849$0$0$14,919,990
89$24,808,497$0$0$16,359,844
90$27,206,422$0$0$17,943,981
91$29,844,760$0$0$19,687,036
92$32,747,902$0$0$21,605,134
93$35,942,722$0$0$23,716,044
94$39,458,832$0$0$26,039,344
95$43,328,858$0$0$28,596,604
96$47,588,752$0$0$31,411,594
97$52,278,126$0$0$34,510,504
98$57,440,629$0$0$37,922,193
99$63,124,356$0$0$41,678,461
100$69,382,304$0$0$45,814,346