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%14.5%
1 years$59,705$59,173$58,654$58,148$57,653$56,582
2 years$29,557$29,006$28,473$27,956$27,454$26,378
3 years$19,509$18,956$18,424$17,911$17,418$16,372
4 years$14,486$13,935$13,408$12,904$12,423$11,414
5 years$11,473$10,925$10,405$9,912$9,443$8,475
6 years$9,465$8,921$8,409$7,926$7,472$6,546
7 years$8,031$7,492$6,988$6,517$6,077$5,192
8 years$6,956$6,422$5,926$5,467$5,041$4,198
9 years$6,121$5,591$5,104$4,656$4,246$3,443
10 years$5,453$4,929$4,450$4,014$3,617$2,856
11 years$4,906$4,388$3,918$3,493$3,111$2,389
12 years$4,452$3,938$3,477$3,064$2,696$2,012
13 years$4,067$3,559$3,106$2,705$2,351$1,704
14 years$3,738$3,235$2,791$2,401$2,061$1,450
15 years$3,452$2,955$2,520$2,142$1,815$1,239
16 years$3,203$2,711$2,285$1,918$1,604$1,062
17 years$2,983$2,497$2,079$1,723$1,422$912
18 years$2,788$2,307$1,898$1,553$1,264$786
19 years$2,614$2,138$1,737$1,403$1,127$678
20 years$2,457$1,987$1,594$1,271$1,007$586
21 years$2,316$1,851$1,467$1,153$901$507
22 years$2,187$1,728$1,352$1,049$807$440
23 years$2,070$1,616$1,248$955$725$381
24 years$1,963$1,514$1,154$871$651$331
25 years$1,864$1,421$1,069$795$586$288
26 years$1,773$1,335$992$727$528$250
27 years$1,689$1,257$921$666$476$218
28 years$1,611$1,184$856$610$430$189
29 years$1,539$1,117$796$559$388$165
30 years$1,472$1,055$742$513$350$144
31 years$1,409$997$692$471$317$125
32 years$1,350$944$645$433$287$109
33 years$1,295$894$603$398$259$95
34 years$1,243$847$563$367$235$83
35 years$1,194$803$526$337$213$72
36 years$1,148$763$492$311$193$63
37 years$1,105$724$461$286$175$55
38 years$1,064$688$432$264$158$48
39 years$1,025$655$404$243$144$42
40 years$988$623$379$224$130$37
41 years$954$593$355$207$118$32
42 years$920$565$333$191$107$28
43 years$889$538$313$176$97$24
44 years$859$513$294$163$88$21
45 years$830$489$276$150$80$19
46 years$803$466$259$139$73$16
47 years$777$445$243$128$66$14
48 years$752$425$229$119$60$12
49 years$729$406$215$110$55$11
50 years$706$388$202$101$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $723,000, adding $5,303 every year, while hoping to spend $26,225 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: 49/30/21 Blend
44$723,000$723,000$723,000$723,000
45$802,216$763,897$752,691$836,547
46$856,139$773,425$750,002$870,473
47$914,683$782,540$746,345$904,223
48$978,292$791,196$741,659$940,343
49$1,047,454$799,341$735,881$979,065
50$1,122,705$806,920$728,944$1,020,648
51$1,204,637$813,875$720,780$1,065,378
52$1,293,900$820,145$711,316$1,113,571
53$1,391,209$825,663$700,477$1,165,576
54$1,497,352$830,360$688,182$1,221,779
55$1,613,195$834,160$674,348$1,282,606
56$1,739,691$836,985$658,890$1,348,528
57$1,877,892$838,749$641,715$1,420,068
58$2,028,953$839,364$622,728$1,497,799
59$2,194,146$838,733$601,830$1,582,358
60$2,374,875$836,757$578,917$1,674,446
61$2,572,680$833,326$553,879$1,774,841
62$2,789,262$828,328$526,602$1,884,399
63$3,026,492$821,641$496,969$2,004,065
64$3,286,430$813,137$464,853$2,134,887
65$3,571,346$802,681$430,125$2,278,019
66$3,883,739$790,128$392,650$2,434,734
67$4,226,361$775,325$352,285$2,606,441
68$4,602,245$758,111$308,881$2,794,695
69$5,014,730$738,315$262,285$3,001,210
70$5,467,495$715,754$212,334$3,227,882
71$5,964,592$690,239$158,860$3,476,802
72$6,510,484$661,564$101,685$3,750,276
73$7,110,088$629,516$40,627$4,050,855
74$7,768,822$593,867$0$4,381,348
75$8,492,651$554,376$0$4,750,357
76$9,288,151$510,790$0$5,165,880
77$10,162,563$462,839$0$5,622,631
78$11,123,866$410,240$0$6,124,828
79$12,180,851$352,692$0$6,677,124
80$13,343,203$289,879$0$7,284,648
81$14,621,591$221,464$0$7,953,055
82$16,027,772$147,095$0$8,688,583
83$17,574,700$66,397$0$9,498,107
84$19,276,645$0$0$10,389,210
85$21,149,332$0$0$11,377,190
86$23,210,087$0$0$12,488,601
87$25,478,000$0$0$13,711,831
88$27,974,105$0$0$15,058,236
89$30,721,579$0$0$16,540,330
90$33,745,961$0$0$18,171,901
91$37,075,389$0$0$19,968,143
92$40,740,870$0$0$21,945,797
93$44,776,570$0$0$24,123,310
94$49,220,134$0$0$26,521,009
95$54,113,048$0$0$29,161,293
96$59,501,022$0$0$32,068,843
97$65,434,424$0$0$35,270,855
98$71,968,759$0$0$38,797,299
99$79,165,187$0$0$42,681,198
100$87,091,103$0$0$46,958,941