Can I retire at age 45 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$58,631$58,109$57,599$57,102$56,616$54,521
2 years$29,025$28,485$27,961$27,453$26,960$24,873
3 years$19,158$18,615$18,093$17,589$17,105$15,091
4 years$14,225$13,684$13,167$12,672$12,199$10,274
5 years$11,266$10,728$10,218$9,733$9,274$7,443
6 years$9,295$8,761$8,258$7,784$7,338$5,602
7 years$7,887$7,357$6,862$6,400$5,968$4,327
8 years$6,831$6,306$5,820$5,368$4,951$3,403
9 years$6,011$5,491$5,012$4,573$4,169$2,713
10 years$5,355$4,840$4,370$3,942$3,552$2,185
11 years$4,818$4,309$3,847$3,430$3,055$1,773
12 years$4,372$3,867$3,414$3,009$2,648$1,448
13 years$3,994$3,495$3,050$2,656$2,309$1,188
14 years$3,670$3,177$2,741$2,358$2,024$979
15 years$3,390$2,902$2,475$2,103$1,782$809
16 years$3,146$2,663$2,244$1,883$1,575$671
17 years$2,930$2,452$2,042$1,692$1,396$557
18 years$2,738$2,266$1,864$1,525$1,242$463
19 years$2,567$2,100$1,706$1,378$1,107$386
20 years$2,413$1,951$1,566$1,248$989$322
21 years$2,274$1,818$1,440$1,132$885$269
22 years$2,148$1,697$1,327$1,030$793$224
23 years$2,033$1,587$1,226$938$712$188
24 years$1,927$1,487$1,133$855$640$157
25 years$1,830$1,395$1,050$781$576$131
26 years$1,741$1,311$974$714$519$110
27 years$1,659$1,234$904$654$468$92
28 years$1,582$1,163$841$599$422$77
29 years$1,511$1,097$782$549$381$65
30 years$1,445$1,036$729$504$344$54
31 years$1,383$979$679$463$311$45
32 years$1,326$927$634$425$281$38
33 years$1,272$878$592$391$255$32
34 years$1,221$832$553$360$231$27
35 years$1,173$789$517$331$209$22
36 years$1,128$749$484$305$189$19
37 years$1,085$711$453$281$172$16
38 years$1,045$676$424$259$156$13
39 years$1,007$643$397$239$141$11
40 years$971$612$372$220$128$9
41 years$936$582$349$203$116$8
42 years$904$554$327$188$105$7
43 years$873$528$307$173$96$5
44 years$844$503$288$160$87$5
45 years$816$480$271$148$79$4
46 years$789$458$254$136$72$3
47 years$763$437$239$126$65$3
48 years$739$417$225$117$59$2
49 years$716$398$211$108$54$2
50 years$693$381$198$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $710,000, adding $2,944 every year, while hoping to spend $29,170 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: 47/44/9 Blend
44$710,000$710,000$710,000$710,000
45$785,457$747,827$736,822$820,302
46$834,537$753,434$730,469$850,190
47$887,645$758,338$722,925$879,330
48$945,162$762,473$714,120$910,283
49$1,007,506$765,772$703,980$943,228
50$1,075,135$768,158$692,428$978,361
51$1,148,556$769,555$679,381$1,015,900
52$1,228,325$769,879$664,756$1,056,087
53$1,315,052$769,041$648,463$1,099,190
54$1,409,410$766,948$630,410$1,145,504
55$1,512,141$763,498$610,499$1,195,359
56$1,624,057$758,588$588,629$1,249,118
57$1,746,055$752,103$564,693$1,307,183
58$1,879,123$743,926$538,580$1,370,001
59$2,024,344$733,929$510,173$1,438,063
60$2,182,916$721,980$479,352$1,511,918
61$2,356,152$707,936$445,989$1,592,168
62$2,545,501$691,647$409,952$1,679,482
63$2,752,559$672,954$371,101$1,774,600
64$2,979,079$651,688$329,293$1,878,340
65$3,226,997$627,672$284,376$1,991,607
66$3,498,439$600,717$236,191$2,115,403
67$3,795,751$570,623$184,575$2,250,833
68$4,121,513$537,179$129,354$2,399,122
69$4,478,569$500,163$70,348$2,561,622
70$4,870,050$459,337$7,372$2,739,829
71$5,299,403$414,453$0$2,935,395
72$5,770,428$365,247$0$3,155,894
73$6,287,308$311,440$0$3,398,726
74$6,854,650$252,738$0$3,665,435
75$7,477,532$188,829$0$3,958,505
76$8,161,544$119,386$0$4,280,681
77$8,912,847$44,061$0$4,634,993
78$9,738,226$0$0$5,024,786
79$10,645,155$0$0$5,471,917
80$11,641,871$0$0$5,986,844
81$12,737,446$0$0$6,552,933
82$13,941,874$0$0$7,175,359
83$15,266,169$0$0$7,859,825
84$16,722,461$0$0$8,612,612
85$18,324,118$0$0$9,440,643
86$20,085,867$0$0$10,351,544
87$22,023,934$0$0$11,353,717
88$24,156,198$0$0$12,456,420
89$26,502,355$0$0$13,669,855
90$29,084,111$0$0$15,005,261
91$31,925,379$0$0$16,475,023
92$35,052,509$0$0$18,092,786
93$38,494,534$0$0$19,873,586
94$42,283,446$0$0$21,833,990
95$46,454,496$0$0$23,992,255
96$51,046,523$0$0$26,368,496
97$56,102,328$0$0$28,984,877
98$61,669,070$0$0$31,865,824
99$67,798,716$0$0$35,038,248
100$74,548,527$0$0$38,531,807