Can I retire at age 45 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$59,787$59,255$58,735$58,228$57,733$55,751
2 years$29,598$29,046$28,512$27,994$27,492$25,515
3 years$19,536$18,982$18,449$17,936$17,442$15,533
4 years$14,506$13,954$13,426$12,922$12,440$10,613
5 years$11,489$10,940$10,419$9,925$9,456$7,716
6 years$9,478$8,933$8,420$7,937$7,483$5,831
7 years$8,042$7,502$6,997$6,526$6,085$4,521
8 years$6,966$6,431$5,934$5,474$5,048$3,571
9 years$6,129$5,599$5,111$4,663$4,251$2,859
10 years$5,460$4,935$4,456$4,019$3,622$2,313
11 years$4,913$4,394$3,923$3,498$3,115$1,886
12 years$4,458$3,944$3,482$3,068$2,700$1,547
13 years$4,073$3,564$3,111$2,709$2,354$1,276
14 years$3,743$3,239$2,795$2,405$2,064$1,056
15 years$3,457$2,959$2,523$2,145$1,817$877
16 years$3,208$2,715$2,288$1,920$1,606$731
17 years$2,988$2,500$2,082$1,725$1,424$610
18 years$2,792$2,311$1,900$1,555$1,266$510
19 years$2,618$2,141$1,740$1,405$1,128$427
20 years$2,461$1,990$1,597$1,272$1,008$358
21 years$2,319$1,853$1,469$1,155$902$300
22 years$2,190$1,730$1,354$1,050$809$252
23 years$2,073$1,618$1,250$956$726$212
24 years$1,965$1,516$1,156$872$652$178
25 years$1,867$1,423$1,071$796$587$150
26 years$1,776$1,337$993$728$529$126
27 years$1,692$1,258$922$667$477$107
28 years$1,614$1,186$857$611$430$90
29 years$1,541$1,119$798$560$388$76
30 years$1,474$1,057$743$514$351$64
31 years$1,411$999$693$472$317$54
32 years$1,352$945$646$434$287$45
33 years$1,297$895$603$399$260$38
34 years$1,245$848$564$367$235$32
35 years$1,196$805$527$338$213$27
36 years$1,150$764$493$311$193$23
37 years$1,106$725$462$287$175$19
38 years$1,065$689$432$264$159$16
39 years$1,027$655$405$244$144$14
40 years$990$624$380$225$130$12
41 years$955$594$356$207$118$10
42 years$922$565$334$191$107$8
43 years$890$539$313$177$97$7
44 years$860$513$294$163$88$6
45 years$832$490$276$151$80$5
46 years$804$467$259$139$73$4
47 years$778$446$244$129$66$4
48 years$753$425$229$119$60$3
49 years$730$406$215$110$55$3
50 years$707$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 $724,000, adding $3,062 every year, while hoping to spend $31,406 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: 75/17/8 Blend
44$724,000$724,000$724,000$724,000
45$801,006$762,634$751,412$859,883
46$849,293$766,588$743,169$903,016
47$901,453$769,682$733,597$945,978
48$957,847$771,843$722,618$992,161
49$1,018,873$772,989$710,152$1,041,871
50$1,084,969$773,036$696,113$1,095,448
51$1,156,615$771,894$680,412$1,153,265
52$1,234,340$769,467$662,955$1,215,736
53$1,318,725$765,653$643,646$1,283,315
54$1,410,409$760,344$622,383$1,356,501
55$1,510,096$753,426$599,058$1,435,848
56$1,618,559$744,778$573,560$1,521,965
57$1,736,651$734,270$545,773$1,615,522
58$1,865,307$721,767$515,574$1,717,259
59$2,005,559$707,124$482,836$1,827,993
60$2,158,541$690,189$447,427$1,948,623
61$2,325,503$670,798$409,206$2,080,141
62$2,507,819$648,782$368,029$2,223,641
63$2,707,002$623,958$323,743$2,380,329
64$2,924,718$596,134$276,191$2,551,534
65$3,162,802$565,107$225,206$2,738,722
66$3,423,272$530,662$170,615$2,943,511
67$3,708,354$492,572$112,239$3,167,684
68$4,020,495$450,597$49,887$3,413,204
69$4,362,392$404,483$0$3,682,241
70$4,737,014$353,961$0$3,978,604
71$5,147,632$298,748$0$4,308,144
72$5,597,848$238,543$0$4,669,522
73$6,091,628$173,032$0$5,065,960
74$6,633,341$101,878$0$5,501,009
75$7,227,801$24,729$0$5,978,585
76$7,880,309$0$0$6,503,001
77$8,596,703$0$0$7,090,012
78$9,383,417$0$0$7,739,753
79$10,247,535$0$0$8,453,454
80$11,196,865$0$0$9,237,567
81$12,240,005$0$0$10,099,198
82$13,386,428$0$0$11,046,176
83$14,646,572$0$0$12,087,127
84$16,031,934$0$0$13,231,553
85$17,555,183$0$0$14,489,925
86$19,230,275$0$0$15,873,776
87$21,072,586$0$0$17,395,816
88$23,099,060$0$0$19,070,045
89$25,328,361$0$0$20,911,890
90$27,781,057$0$0$22,938,351
91$30,479,808$0$0$25,168,154
92$33,449,582$0$0$27,621,934
93$36,717,889$0$0$30,322,429
94$40,315,041$0$0$33,294,691
95$44,274,438$0$0$36,566,323
96$48,632,883$0$0$40,167,743
97$53,430,927$0$0$44,132,465
98$58,713,251$0$0$48,497,418
99$64,529,093$0$0$53,303,295
100$70,932,703$0$0$58,594,935