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%18.1%
1 years$59,705$59,173$58,654$58,148$57,653$55,763
2 years$29,557$29,006$28,473$27,956$27,454$25,568
3 years$19,509$18,956$18,424$17,911$17,418$15,595
4 years$14,486$13,935$13,408$12,904$12,423$10,676
5 years$11,473$10,925$10,405$9,912$9,443$7,779
6 years$9,465$8,921$8,409$7,926$7,472$5,891
7 years$8,031$7,492$6,988$6,517$6,077$4,579
8 years$6,956$6,422$5,926$5,467$5,041$3,625
9 years$6,121$5,591$5,104$4,656$4,246$2,909
10 years$5,453$4,929$4,450$4,014$3,617$2,359
11 years$4,906$4,388$3,918$3,493$3,111$1,928
12 years$4,452$3,938$3,477$3,064$2,696$1,586
13 years$4,067$3,559$3,106$2,705$2,351$1,312
14 years$3,738$3,235$2,791$2,401$2,061$1,089
15 years$3,452$2,955$2,520$2,142$1,815$907
16 years$3,203$2,711$2,285$1,918$1,604$758
17 years$2,983$2,497$2,079$1,723$1,422$634
18 years$2,788$2,307$1,898$1,553$1,264$532
19 years$2,614$2,138$1,737$1,403$1,127$447
20 years$2,457$1,987$1,594$1,271$1,007$376
21 years$2,316$1,851$1,467$1,153$901$316
22 years$2,187$1,728$1,352$1,049$807$267
23 years$2,070$1,616$1,248$955$725$225
24 years$1,963$1,514$1,154$871$651$190
25 years$1,864$1,421$1,069$795$586$160
26 years$1,773$1,335$992$727$528$135
27 years$1,689$1,257$921$666$476$114
28 years$1,611$1,184$856$610$430$97
29 years$1,539$1,117$796$559$388$82
30 years$1,472$1,055$742$513$350$69
31 years$1,409$997$692$471$317$58
32 years$1,350$944$645$433$287$49
33 years$1,295$894$603$398$259$42
34 years$1,243$847$563$367$235$35
35 years$1,194$803$526$337$213$30
36 years$1,148$763$492$311$193$25
37 years$1,105$724$461$286$175$21
38 years$1,064$688$432$264$158$18
39 years$1,025$655$404$243$144$15
40 years$988$623$379$224$130$13
41 years$954$593$355$207$118$11
42 years$920$565$333$191$107$9
43 years$889$538$313$176$97$8
44 years$859$513$294$163$88$7
45 years$830$489$276$150$80$6
46 years$803$466$259$139$73$5
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 $2,468 every year, while hoping to spend $34,483 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: 51/43/6 Blend
44$723,000$723,000$723,000$723,000
45$799,292$760,973$749,766$838,772
46$844,130$761,571$738,194$866,470
47$892,386$761,042$725,078$892,626
48$944,372$759,296$710,331$920,231
49$1,000,430$756,234$693,859$949,427
50$1,060,939$751,754$675,568$980,374
51$1,126,310$745,746$655,356$1,013,249
52$1,197,000$738,094$633,117$1,048,249
53$1,273,509$728,675$608,740$1,085,592
54$1,356,385$717,359$582,111$1,125,523
55$1,446,234$704,006$553,109$1,168,309
56$1,543,719$688,472$521,608$1,214,252
57$1,649,572$670,601$487,475$1,263,684
58$1,764,596$650,228$450,574$1,316,974
59$1,889,676$627,180$410,759$1,374,532
60$2,025,784$601,273$367,881$1,436,813
61$2,173,991$572,313$321,782$1,504,321
62$2,335,475$540,093$272,298$1,577,614
63$2,511,532$504,396$219,259$1,657,314
64$2,703,589$464,992$162,485$1,744,106
65$2,913,216$421,638$101,789$1,838,753
66$3,142,141$374,075$36,976$1,942,097
67$3,392,268$322,034$0$2,055,073
68$3,665,691$265,225$0$2,180,777
69$3,964,717$203,346$0$2,320,954
70$4,291,885$136,077$0$2,474,516
71$4,649,991$63,078$0$2,642,883
72$5,042,114$0$0$2,827,624
73$5,471,645$0$0$3,038,049
74$5,942,319$0$0$3,301,408
75$6,458,247$0$0$3,590,163
76$7,023,958$0$0$3,906,860
77$7,644,442$0$0$4,254,301
78$8,325,193$0$0$4,635,572
79$9,072,262$0$0$5,054,075
80$9,892,316$0$0$5,513,553
81$10,792,698$0$0$6,018,133
82$11,781,497$0$0$6,572,359
83$12,867,624$0$0$7,181,238
84$14,060,894$0$0$7,850,285
85$15,372,123$0$0$8,585,577
86$16,813,223$0$0$9,393,807
87$18,397,319$0$0$10,282,351
88$20,138,872$0$0$11,259,333
89$22,053,810$0$0$12,333,704
90$24,159,687$0$0$13,515,328
91$26,475,840$0$0$14,815,071
92$29,023,574$0$0$16,244,905
93$31,826,364$0$0$17,818,021
94$34,910,073$0$0$19,548,952
95$38,303,199$0$0$21,453,714
96$42,037,142$0$0$23,549,951
97$46,146,498$0$0$25,857,105
98$50,669,387$0$0$28,396,597
99$55,647,814$0$0$31,192,033
100$61,128,059$0$0$34,269,422