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%15.5%
1 years$59,787$59,255$58,735$58,228$57,733$56,429
2 years$29,598$29,046$28,512$27,994$27,492$26,185
3 years$19,536$18,982$18,449$17,936$17,442$16,173
4 years$14,506$13,954$13,426$12,922$12,440$11,219
5 years$11,489$10,940$10,419$9,925$9,456$8,287
6 years$9,478$8,933$8,420$7,937$7,483$6,365
7 years$8,042$7,502$6,997$6,526$6,085$5,021
8 years$6,966$6,431$5,934$5,474$5,048$4,036
9 years$6,129$5,599$5,111$4,663$4,251$3,291
10 years$5,460$4,935$4,456$4,019$3,622$2,712
11 years$4,913$4,394$3,923$3,498$3,115$2,254
12 years$4,458$3,944$3,482$3,068$2,700$1,887
13 years$4,073$3,564$3,111$2,709$2,354$1,587
14 years$3,743$3,239$2,795$2,405$2,064$1,342
15 years$3,457$2,959$2,523$2,145$1,817$1,138
16 years$3,208$2,715$2,288$1,920$1,606$969
17 years$2,988$2,500$2,082$1,725$1,424$826
18 years$2,792$2,311$1,900$1,555$1,266$706
19 years$2,618$2,141$1,740$1,405$1,128$605
20 years$2,461$1,990$1,597$1,272$1,008$519
21 years$2,319$1,853$1,469$1,155$902$446
22 years$2,190$1,730$1,354$1,050$809$383
23 years$2,073$1,618$1,250$956$726$330
24 years$1,965$1,516$1,156$872$652$284
25 years$1,867$1,423$1,071$796$587$245
26 years$1,776$1,337$993$728$529$211
27 years$1,692$1,258$922$667$477$182
28 years$1,614$1,186$857$611$430$158
29 years$1,541$1,119$798$560$388$136
30 years$1,474$1,057$743$514$351$118
31 years$1,411$999$693$472$317$102
32 years$1,352$945$646$434$287$88
33 years$1,297$895$603$399$260$76
34 years$1,245$848$564$367$235$66
35 years$1,196$805$527$338$213$57
36 years$1,150$764$493$311$193$49
37 years$1,106$725$462$287$175$43
38 years$1,065$689$432$264$159$37
39 years$1,027$655$405$244$144$32
40 years$990$624$380$225$130$28
41 years$955$594$356$207$118$24
42 years$922$565$334$191$107$21
43 years$890$539$313$177$97$18
44 years$860$513$294$163$88$15
45 years$832$490$276$151$80$13
46 years$804$467$259$139$73$12
47 years$778$446$244$129$66$10
48 years$753$425$229$119$60$9
49 years$730$406$215$110$55$8
50 years$707$388$202$101$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $724,000, adding $3,004 every year, while hoping to spend $37,993 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: 44/43/13 Blend
44$724,000$724,000$724,000$724,000
45$800,947$762,575$751,353$833,068
46$842,219$759,517$736,099$852,711
47$886,428$755,035$719,060$869,926
48$933,832$749,021$700,138$887,748
49$984,717$741,357$679,226$906,250
50$1,039,395$731,920$656,217$925,512
51$1,098,208$720,579$630,995$945,627
52$1,161,533$707,195$603,442$966,698
53$1,229,784$691,622$573,431$988,842
54$1,303,414$673,704$540,833$1,012,193
55$1,382,922$653,275$505,511$1,036,899
56$1,468,857$630,163$467,323$1,063,130
57$1,561,821$604,181$426,119$1,091,072
58$1,662,476$575,135$381,743$1,120,940
59$1,771,551$542,819$334,033$1,152,971
60$1,889,845$507,013$282,819$1,187,432
61$2,018,239$467,487$227,924$1,224,622
62$2,157,703$423,997$169,162$1,264,875
63$2,309,300$376,284$106,341$1,308,566
64$2,474,202$324,076$39,257$1,356,113
65$2,653,699$267,084$0$1,407,983
66$2,849,210$205,004$0$1,469,182
67$3,062,294$137,515$0$1,541,908
68$3,294,671$64,276$0$1,621,391
69$3,548,232$0$0$1,708,385
70$3,825,056$0$0$1,810,859
71$4,127,437$0$0$1,956,097
72$4,457,895$0$0$2,114,905
73$4,819,208$0$0$2,288,629
74$5,214,433$0$0$2,478,750
75$5,646,936$0$0$2,686,900
76$6,120,425$0$0$2,914,872
77$6,638,981$0$0$3,164,647
78$7,207,099$0$0$3,438,400
79$7,829,729$0$0$3,738,532
80$8,512,325$0$0$4,067,683
81$9,260,890$0$0$4,428,765
82$10,082,038$0$0$4,824,981
83$10,983,055$0$0$5,259,862
84$11,971,964$0$0$5,737,298
85$13,057,603$0$0$6,261,571
86$14,249,709$0$0$6,837,401
87$15,559,008$0$0$7,469,986
88$16,997,313$0$0$8,165,052
89$18,577,642$0$0$8,928,909
90$20,314,331$0$0$9,768,506
91$22,223,179$0$0$10,691,500
92$24,321,588$0$0$11,706,328
93$26,628,731$0$0$12,822,284
94$29,165,733$0$0$14,049,608
95$31,955,867$0$0$15,399,581
96$35,024,774$0$0$16,884,635
97$38,400,705$0$0$18,518,464
98$42,114,789$0$0$20,316,159
99$46,201,322$0$0$22,294,346
100$50,698,092$0$0$24,471,346