Can I retire at age 45 with 723,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$59,705$59,173$58,654$58,148$57,653$55,409
2 years$29,557$29,006$28,473$27,956$27,454$25,220
3 years$19,509$18,956$18,424$17,911$17,418$15,265
4 years$14,486$13,935$13,408$12,904$12,423$10,367
5 years$11,473$10,925$10,405$9,912$9,443$7,490
6 years$9,465$8,921$8,409$7,926$7,472$5,622
7 years$8,031$7,492$6,988$6,517$6,077$4,330
8 years$6,956$6,422$5,926$5,467$5,041$3,396
9 years$6,121$5,591$5,104$4,656$4,246$2,699
10 years$5,453$4,929$4,450$4,014$3,617$2,166
11 years$4,906$4,388$3,918$3,493$3,111$1,753
12 years$4,452$3,938$3,477$3,064$2,696$1,426
13 years$4,067$3,559$3,106$2,705$2,351$1,167
14 years$3,738$3,235$2,791$2,401$2,061$958
15 years$3,452$2,955$2,520$2,142$1,815$789
16 years$3,203$2,711$2,285$1,918$1,604$651
17 years$2,983$2,497$2,079$1,723$1,422$539
18 years$2,788$2,307$1,898$1,553$1,264$446
19 years$2,614$2,138$1,737$1,403$1,127$370
20 years$2,457$1,987$1,594$1,271$1,007$308
21 years$2,316$1,851$1,467$1,153$901$256
22 years$2,187$1,728$1,352$1,049$807$213
23 years$2,070$1,616$1,248$955$725$177
24 years$1,963$1,514$1,154$871$651$148
25 years$1,864$1,421$1,069$795$586$123
26 years$1,773$1,335$992$727$528$103
27 years$1,689$1,257$921$666$476$86
28 years$1,611$1,184$856$610$430$71
29 years$1,539$1,117$796$559$388$60
30 years$1,472$1,055$742$513$350$50
31 years$1,409$997$692$471$317$42
32 years$1,350$944$645$433$287$35
33 years$1,295$894$603$398$259$29
34 years$1,243$847$563$367$235$24
35 years$1,194$803$526$337$213$20
36 years$1,148$763$492$311$193$17
37 years$1,105$724$461$286$175$14
38 years$1,064$688$432$264$158$12
39 years$1,025$655$404$243$144$10
40 years$988$623$379$224$130$8
41 years$954$593$355$207$118$7
42 years$920$565$333$191$107$6
43 years$889$538$313$176$97$5
44 years$859$513$294$163$88$4
45 years$830$489$276$150$80$3
46 years$803$466$259$139$73$3
47 years$777$445$243$128$66$2
48 years$752$425$229$119$60$2
49 years$729$406$215$110$55$2
50 years$706$388$202$101$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $723,000, adding $6,617 every year, while hoping to spend $45,254 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: 40/44/16 Blend
44$723,000$723,000$723,000$723,000
45$803,571$765,252$754,046$831,651
46$837,386$754,600$731,157$841,578
47$873,133$741,909$705,984$847,417
48$910,961$727,031$678,403$852,770
49$951,034$709,811$648,285$857,615
50$993,530$690,082$615,493$861,931
51$1,038,643$667,669$579,885$865,701
52$1,086,587$642,387$541,313$868,907
53$1,137,595$614,040$499,623$871,537
54$1,191,920$582,419$454,651$873,580
55$1,249,843$547,304$406,229$875,029
56$1,311,669$508,464$354,180$875,884
57$1,377,733$465,653$298,318$876,148
58$1,448,402$418,610$238,452$875,831
59$1,524,079$367,062$174,380$874,950
60$1,605,205$310,718$105,892$873,533
61$1,692,265$249,271$32,768$871,615
62$1,785,789$182,399$0$869,242
63$1,886,361$109,758$0$874,203
64$1,994,623$30,989$0$885,317
65$2,111,276$0$0$897,117
66$2,237,094$0$0$936,044
67$2,372,925$0$0$994,342
68$2,519,701$0$0$1,057,414
69$2,678,448$0$0$1,125,712
70$2,850,292$0$0$1,199,730
71$3,036,472$0$0$1,280,012
72$3,238,348$0$0$1,367,157
73$3,457,418$0$0$1,461,824
74$3,695,330$0$0$1,564,736
75$3,953,894$0$0$1,676,690
76$4,235,104$0$0$1,798,562
77$4,541,151$0$0$1,931,317
78$4,874,447$0$0$2,076,016
79$5,237,649$0$0$2,233,827
80$5,633,676$0$0$2,406,035
81$6,065,744$0$0$2,594,056
82$6,537,392$0$0$2,799,448
83$7,052,516$0$0$3,023,924
84$7,615,404$0$0$3,269,373
85$8,230,779$0$0$3,537,874
86$8,903,837$0$0$3,831,715
87$9,640,303$0$0$4,153,417
88$10,446,479$0$0$4,505,755
89$11,329,306$0$0$4,891,784
90$12,296,426$0$0$5,314,872
91$13,356,254$0$0$5,778,725
92$14,518,062$0$0$6,287,425
93$15,792,057$0$0$6,845,470
94$17,189,484$0$0$7,457,812
95$18,722,728$0$0$8,129,908
96$20,405,430$0$0$8,867,766
97$22,252,617$0$0$9,678,007
98$24,280,840$0$0$10,567,923
99$26,508,333$0$0$11,545,547
100$28,955,183$0$0$12,619,730