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%18.3%
1 years$59,787$59,255$58,735$58,228$57,733$55,795
2 years$29,598$29,046$28,512$27,994$27,492$25,559
3 years$19,536$18,982$18,449$17,936$17,442$15,574
4 years$14,506$13,954$13,426$12,922$12,440$10,652
5 years$11,489$10,940$10,419$9,925$9,456$7,753
6 years$9,478$8,933$8,420$7,937$7,483$5,865
7 years$8,042$7,502$6,997$6,526$6,085$4,553
8 years$6,966$6,431$5,934$5,474$5,048$3,600
9 years$6,129$5,599$5,111$4,663$4,251$2,886
10 years$5,460$4,935$4,456$4,019$3,622$2,337
11 years$4,913$4,394$3,923$3,498$3,115$1,908
12 years$4,458$3,944$3,482$3,068$2,700$1,568
13 years$4,073$3,564$3,111$2,709$2,354$1,294
14 years$3,743$3,239$2,795$2,405$2,064$1,073
15 years$3,457$2,959$2,523$2,145$1,817$893
16 years$3,208$2,715$2,288$1,920$1,606$744
17 years$2,988$2,500$2,082$1,725$1,424$622
18 years$2,792$2,311$1,900$1,555$1,266$521
19 years$2,618$2,141$1,740$1,405$1,128$437
20 years$2,461$1,990$1,597$1,272$1,008$367
21 years$2,319$1,853$1,469$1,155$902$309
22 years$2,190$1,730$1,354$1,050$809$260
23 years$2,073$1,618$1,250$956$726$219
24 years$1,965$1,516$1,156$872$652$184
25 years$1,867$1,423$1,071$796$587$155
26 years$1,776$1,337$993$728$529$131
27 years$1,692$1,258$922$667$477$110
28 years$1,614$1,186$857$611$430$93
29 years$1,541$1,119$798$560$388$79
30 years$1,474$1,057$743$514$351$66
31 years$1,411$999$693$472$317$56
32 years$1,352$945$646$434$287$47
33 years$1,297$895$603$399$260$40
34 years$1,245$848$564$367$235$34
35 years$1,196$805$527$338$213$29
36 years$1,150$764$493$311$193$24
37 years$1,106$725$462$287$175$20
38 years$1,065$689$432$264$159$17
39 years$1,027$655$405$244$144$15
40 years$990$624$380$225$130$12
41 years$955$594$356$207$118$10
42 years$922$565$334$191$107$9
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 $3,502 every year, while hoping to spend $43,696 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: 47/46/7 Blend
44$724,000$724,000$724,000$724,000
45$801,460$763,088$751,866$837,460
46$836,717$753,987$730,562$853,437
47$874,105$742,976$707,079$865,896
48$913,797$729,915$681,299$878,396
49$955,979$714,655$653,096$890,953
50$1,000,856$697,040$622,342$903,589
51$1,048,652$676,904$588,900$916,330
52$1,099,614$654,072$552,627$929,208
53$1,154,009$628,356$513,375$942,261
54$1,212,133$599,561$470,989$955,537
55$1,274,310$567,478$425,305$969,091
56$1,340,892$531,887$376,155$982,988
57$1,412,268$492,555$323,362$997,303
58$1,488,865$449,235$266,740$1,012,126
59$1,571,150$401,669$206,097$1,027,560
60$1,659,636$349,579$141,230$1,043,722
61$1,754,887$292,677$71,929$1,060,749
62$1,857,522$230,654$0$1,078,799
63$1,968,219$163,187$0$1,098,202
64$2,087,727$89,932$0$1,124,752
65$2,216,865$10,529$0$1,153,324
66$2,356,536$0$0$1,184,200
67$2,507,729$0$0$1,255,867
68$2,671,536$0$0$1,339,354
69$2,849,153$0$0$1,429,953
70$3,041,898$0$0$1,528,342
71$3,251,221$0$0$1,635,273
72$3,478,714$0$0$1,751,568
73$3,726,132$0$0$1,878,134
74$3,995,403$0$0$2,015,969
75$4,288,649$0$0$2,166,171
76$4,608,207$0$0$2,329,947
77$4,956,646$0$0$2,508,628
78$5,336,795$0$0$2,703,676
79$5,751,769$0$0$2,916,703
80$6,204,995$0$0$3,149,482
81$6,700,246$0$0$3,403,965
82$7,241,676$0$0$3,682,304
83$7,833,859$0$0$3,986,863
84$8,481,831$0$0$4,320,249
85$9,191,138$0$0$4,685,333
86$9,967,884$0$0$5,085,275
87$10,818,795$0$0$5,523,555
88$11,751,276$0$0$6,004,006
89$12,773,483$0$0$6,530,851
90$13,894,397$0$0$7,108,738
91$15,123,912$0$0$7,742,790
92$16,472,924$0$0$8,438,647
93$17,953,437$0$0$9,202,523
94$19,578,670$0$0$10,041,264
95$21,363,188$0$0$10,962,409
96$23,323,033$0$0$11,974,264
97$25,475,876$0$0$13,085,979
98$27,841,188$0$0$14,307,635
99$30,440,415$0$0$15,650,337
100$33,297,185$0$0$17,126,319