Can I retire at age 45 with 724,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$59,787$59,255$58,735$58,228$57,733$57,154
2 years$29,598$29,046$28,512$27,994$27,492$26,908
3 years$19,536$18,982$18,449$17,936$17,442$16,873
4 years$14,506$13,954$13,426$12,922$12,440$11,889
5 years$11,489$10,940$10,419$9,925$9,456$8,925
6 years$9,478$8,933$8,420$7,937$7,483$6,972
7 years$8,042$7,502$6,997$6,526$6,085$5,596
8 years$6,966$6,431$5,934$5,474$5,048$4,579
9 years$6,129$5,599$5,111$4,663$4,251$3,803
10 years$5,460$4,935$4,456$4,019$3,622$3,194
11 years$4,913$4,394$3,923$3,498$3,115$2,707
12 years$4,458$3,944$3,482$3,068$2,700$2,311
13 years$4,073$3,564$3,111$2,709$2,354$1,985
14 years$3,743$3,239$2,795$2,405$2,064$1,713
15 years$3,457$2,959$2,523$2,145$1,817$1,484
16 years$3,208$2,715$2,288$1,920$1,606$1,291
17 years$2,988$2,500$2,082$1,725$1,424$1,126
18 years$2,792$2,311$1,900$1,555$1,266$984
19 years$2,618$2,141$1,740$1,405$1,128$863
20 years$2,461$1,990$1,597$1,272$1,008$757
21 years$2,319$1,853$1,469$1,155$902$666
22 years$2,190$1,730$1,354$1,050$809$586
23 years$2,073$1,618$1,250$956$726$517
24 years$1,965$1,516$1,156$872$652$456
25 years$1,867$1,423$1,071$796$587$403
26 years$1,776$1,337$993$728$529$356
27 years$1,692$1,258$922$667$477$315
28 years$1,614$1,186$857$611$430$279
29 years$1,541$1,119$798$560$388$247
30 years$1,474$1,057$743$514$351$219
31 years$1,411$999$693$472$317$194
32 years$1,352$945$646$434$287$172
33 years$1,297$895$603$399$260$153
34 years$1,245$848$564$367$235$136
35 years$1,196$805$527$338$213$120
36 years$1,150$764$493$311$193$107
37 years$1,106$725$462$287$175$95
38 years$1,065$689$432$264$159$84
39 years$1,027$655$405$244$144$75
40 years$990$624$380$225$130$67
41 years$955$594$356$207$118$59
42 years$922$565$334$191$107$53
43 years$890$539$313$177$97$47
44 years$860$513$294$163$88$42
45 years$832$490$276$151$80$37
46 years$804$467$259$139$73$33
47 years$778$446$244$129$66$29
48 years$753$425$229$119$60$26
49 years$730$406$215$110$55$23
50 years$707$388$202$101$50$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $724,000, adding $2,204 every year, while hoping to spend $42,633 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: 34/47/19 Blend
44$724,000$724,000$724,000$724,000
45$800,121$761,749$750,527$822,586
46$836,373$753,714$730,309$831,289
47$874,893$743,856$707,984$836,569
48$915,868$732,041$683,438$841,371
49$959,502$718,127$656,549$845,677
50$1,006,019$701,962$627,191$849,472
51$1,055,662$683,388$595,231$852,743
52$1,108,701$662,236$560,533$855,480
53$1,165,429$638,326$522,951$857,677
54$1,226,168$611,469$482,335$859,332
55$1,291,271$581,464$438,527$860,446
56$1,361,125$548,101$391,362$861,030
57$1,436,156$511,154$340,669$861,097
58$1,516,831$470,387$286,268$860,671
59$1,603,661$425,549$227,971$859,784
60$1,697,209$376,376$165,583$858,477
61$1,798,093$322,588$98,899$856,804
62$1,906,993$263,888$27,706$854,831
63$2,024,653$199,966$0$852,642
64$2,151,894$130,490$0$860,120
65$2,289,616$55,113$0$874,228
66$2,438,810$0$0$889,533
67$2,600,564$0$0$919,974
68$2,776,077$0$0$984,022
69$2,966,666$0$0$1,053,664
70$3,173,779$0$0$1,129,441
71$3,399,009$0$0$1,211,950
72$3,644,110$0$0$1,301,844
73$3,911,011$0$0$1,399,845
74$4,201,835$0$0$1,506,747
75$4,518,917$0$0$1,623,422
76$4,864,830$0$0$1,750,832
77$5,242,403$0$0$1,890,036
78$5,654,751$0$0$2,042,197
79$6,105,304$0$0$2,208,600
80$6,597,837$0$0$2,390,656
81$7,136,506$0$0$2,589,920
82$7,725,889$0$0$2,808,104
83$8,371,026$0$0$3,047,095
84$9,077,464$0$0$3,308,968
85$9,851,316$0$0$3,596,012
86$10,699,312$0$0$3,910,744
87$11,628,862$0$0$4,255,938
88$12,648,131$0$0$4,634,651
89$13,766,108$0$0$5,050,248
90$14,992,697$0$0$5,506,436
91$16,338,805$0$0$6,007,298
92$17,816,447$0$0$6,557,333
93$19,438,858$0$0$7,161,497
94$21,220,616$0$0$7,825,248
95$23,177,782$0$0$8,554,599
96$25,328,048$0$0$9,356,177
97$27,690,904$0$0$10,237,279
98$30,287,822$0$0$11,205,947
99$33,142,458$0$0$12,271,040
100$36,280,873$0$0$13,442,318