Can I retire at age 45 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$58,714$58,191$57,680$57,182$56,696$55,483
2 years$29,066$28,525$28,000$27,492$26,998$25,782
3 years$19,185$18,641$18,118$17,614$17,129$15,948
4 years$14,245$13,703$13,185$12,690$12,216$11,079
5 years$11,282$10,744$10,232$9,747$9,287$8,197
6 years$9,308$8,773$8,269$7,795$7,348$6,306
7 years$7,898$7,368$6,872$6,409$5,976$4,983
8 years$6,841$6,315$5,828$5,376$4,958$4,012
9 years$6,019$5,499$5,019$4,579$4,175$3,277
10 years$5,362$4,847$4,376$3,947$3,557$2,706
11 years$4,825$4,315$3,853$3,435$3,060$2,254
12 years$4,378$3,873$3,419$3,013$2,651$1,890
13 years$3,999$3,500$3,055$2,660$2,312$1,593
14 years$3,676$3,181$2,745$2,361$2,027$1,349
15 years$3,395$2,906$2,478$2,106$1,784$1,147
16 years$3,150$2,666$2,247$1,886$1,577$978
17 years$2,934$2,456$2,044$1,694$1,398$836
18 years$2,742$2,269$1,866$1,527$1,243$717
19 years$2,571$2,103$1,709$1,380$1,108$615
20 years$2,416$1,954$1,568$1,250$990$529
21 years$2,277$1,820$1,442$1,134$886$455
22 years$2,151$1,699$1,329$1,031$794$392
23 years$2,035$1,589$1,227$939$713$339
24 years$1,930$1,489$1,135$856$641$292
25 years$1,833$1,397$1,051$782$576$253
26 years$1,744$1,313$975$715$519$218
27 years$1,661$1,236$905$655$468$189
28 years$1,585$1,165$842$600$422$164
29 years$1,514$1,099$783$550$381$142
30 years$1,447$1,038$730$505$345$123
31 years$1,385$981$680$464$312$106
32 years$1,328$928$635$426$282$92
33 years$1,273$879$593$392$255$80
34 years$1,222$833$554$360$231$69
35 years$1,174$790$518$332$209$60
36 years$1,129$750$484$306$190$52
37 years$1,087$712$453$282$172$45
38 years$1,046$677$424$260$156$39
39 years$1,008$644$398$239$141$34
40 years$972$612$373$221$128$29
41 years$938$583$349$204$116$26
42 years$905$555$328$188$105$22
43 years$874$529$308$173$96$19
44 years$845$504$289$160$87$17
45 years$817$481$271$148$79$15
46 years$790$459$255$137$72$13
47 years$764$438$239$126$65$11
48 years$740$418$225$117$59$9
49 years$717$399$211$108$54$8
50 years$694$381$199$100$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $711,000, adding $6,159 every year, while hoping to spend $47,443 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: 49/45/6 Blend
44$711,000$711,000$711,000$711,000
45$789,875$752,192$741,172$827,079
46$819,963$738,570$715,522$839,513
47$851,530$722,691$687,423$847,438
48$884,677$704,394$656,742$854,918
49$919,513$683,508$623,342$861,924
50$956,157$659,854$587,078$868,426
51$994,739$633,240$547,798$874,394
52$1,035,399$603,466$505,346$879,799
53$1,078,292$570,317$459,557$884,615
54$1,123,583$533,569$410,258$888,814
55$1,171,457$492,982$357,270$892,371
56$1,222,112$448,304$300,404$895,262
57$1,275,765$399,269$239,466$897,468
58$1,332,654$345,594$174,249$898,972
59$1,393,039$286,982$104,541$899,759
60$1,457,203$223,119$30,117$899,821
61$1,525,458$153,671$0$899,154
62$1,598,142$78,289$0$900,919
63$1,675,629$0$0$904,231
64$1,758,325$0$0$908,878
65$1,846,677$0$0$955,309
66$1,941,175$0$0$1,005,017
67$2,042,355$0$0$1,058,292
68$2,150,806$0$0$1,115,450
69$2,267,173$0$0$1,176,839
70$2,392,164$0$0$1,242,838
71$2,526,556$0$0$1,313,868
72$2,671,205$0$0$1,390,387
73$2,827,046$0$0$1,472,900
74$2,995,109$0$0$1,561,961
75$3,176,525$0$0$1,658,179
76$3,372,538$0$0$1,762,223
77$3,584,511$0$0$1,874,830
78$3,813,947$0$0$1,996,808
79$4,062,496$0$0$2,129,046
80$4,331,972$0$0$2,272,522
81$4,624,370$0$0$2,428,312
82$4,941,885$0$0$2,597,597
83$5,286,930$0$0$2,781,681
84$5,662,160$0$0$2,981,993
85$6,070,496$0$0$3,200,109
86$6,515,153$0$0$3,437,763
87$6,999,667$0$0$3,696,862
88$7,527,930$0$0$3,979,505
89$8,104,226$0$0$4,288,002
90$8,733,271$0$0$4,624,898
91$9,420,254$0$0$4,992,992
92$10,170,890$0$0$5,395,367
93$10,991,468$0$0$5,835,416
94$11,888,915$0$0$6,316,877
95$12,870,854$0$0$6,843,864
96$13,945,684$0$0$7,420,907
97$15,122,650$0$0$8,052,996
98$16,411,932$0$0$8,745,626
99$17,824,746$0$0$9,504,847
100$19,373,438$0$0$10,337,325