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 $6,586 every year, while hoping to spend $34,241 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: 38/43/19 Blend
44$724,000$724,000$724,000$724,000
45$804,641$766,269$755,047$830,408
46$850,283$767,385$743,909$850,698
47$899,432$767,407$731,251$868,880
48$952,410$766,246$716,984$887,818
49$1,009,572$763,807$701,018$907,601
50$1,071,304$759,990$683,258$928,326
51$1,138,033$754,686$663,604$950,104
52$1,210,229$747,782$641,952$973,060
53$1,288,407$739,158$618,191$997,333
54$1,373,133$728,685$592,209$1,023,081
55$1,465,030$716,228$563,886$1,050,481
56$1,564,784$701,644$533,096$1,079,729
57$1,673,147$684,780$499,711$1,111,049
58$1,790,950$665,476$463,592$1,144,687
59$1,919,103$643,560$424,599$1,180,920
60$2,058,610$618,854$382,582$1,220,059
61$2,210,576$591,165$337,386$1,262,448
62$2,376,215$560,292$288,848$1,308,475
63$2,556,863$526,021$236,799$1,358,569
64$2,753,994$488,126$181,063$1,413,211
65$2,969,226$446,370$121,453$1,472,934
66$3,204,344$400,498$57,778$1,538,333
67$3,461,309$350,245$0$1,610,072
68$3,742,284$295,328$0$1,690,950
69$4,049,647$235,449$0$1,792,356
70$4,386,020$170,295$0$1,903,522
71$4,754,287$99,532$0$2,025,504
72$5,157,625$22,810$0$2,159,474
73$5,599,533$0$0$2,306,731
74$6,083,865$0$0$2,497,216
75$6,614,863$0$0$2,717,987
76$7,197,203$0$0$2,960,208
77$7,836,031$0$0$3,226,032
78$8,537,018$0$0$3,517,833
79$9,306,410$0$0$3,838,224
80$10,151,086$0$0$4,190,084
81$11,078,625$0$0$4,576,586
82$12,097,375$0$0$5,001,222
83$13,216,533$0$0$5,467,844
84$14,446,229$0$0$5,980,690
85$15,797,625$0$0$6,544,433
86$17,283,016$0$0$7,164,219
87$18,915,950$0$0$7,845,720
88$20,711,350$0$0$8,595,183
89$22,685,658$0$0$9,419,491
90$24,856,992$0$0$10,326,227
91$27,245,309$0$0$11,323,748
92$29,872,601$0$0$12,421,259
93$32,763,098$0$0$13,628,906
94$35,943,495$0$0$14,957,863
95$39,443,207$0$0$16,420,447
96$43,294,645$0$0$18,030,226
97$47,533,518$0$0$19,802,152
98$52,199,175$0$0$21,752,698
99$57,334,973$0$0$23,900,019
100$62,988,683$0$0$26,264,115