Can I retire at age 45 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$58,796$58,273$57,762$57,263$56,776$54,588
2 years$29,107$28,565$28,040$27,530$27,036$24,858
3 years$19,212$18,668$18,143$17,639$17,153$15,053
4 years$14,265$13,723$13,204$12,708$12,234$10,228
5 years$11,298$10,759$10,247$9,761$9,300$7,393
6 years$9,321$8,785$8,281$7,806$7,359$5,553
7 years$7,909$7,378$6,881$6,418$5,984$4,279
8 years$6,850$6,324$5,836$5,384$4,965$3,358
9 years$6,028$5,506$5,027$4,586$4,181$2,670
10 years$5,370$4,854$4,382$3,953$3,562$2,145
11 years$4,832$4,321$3,858$3,440$3,064$1,736
12 years$4,384$3,878$3,424$3,017$2,655$1,414
13 years$4,005$3,505$3,059$2,664$2,315$1,157
14 years$3,681$3,186$2,749$2,365$2,030$951
15 years$3,400$2,910$2,482$2,109$1,787$784
16 years$3,154$2,670$2,250$1,888$1,579$647
17 years$2,938$2,459$2,047$1,697$1,400$536
18 years$2,746$2,272$1,869$1,529$1,245$444
19 years$2,574$2,106$1,711$1,382$1,110$369
20 years$2,420$1,957$1,570$1,251$991$307
21 years$2,280$1,823$1,444$1,136$887$255
22 years$2,154$1,701$1,331$1,033$795$213
23 years$2,038$1,591$1,229$940$714$177
24 years$1,933$1,491$1,137$858$642$148
25 years$1,836$1,399$1,053$783$577$123
26 years$1,746$1,315$976$716$520$103
27 years$1,664$1,238$907$656$469$86
28 years$1,587$1,166$843$601$423$72
29 years$1,516$1,100$784$551$382$60
30 years$1,449$1,039$731$505$345$50
31 years$1,387$982$681$464$312$42
32 years$1,329$929$636$427$282$35
33 years$1,275$880$593$392$255$29
34 years$1,224$834$554$361$231$24
35 years$1,176$791$518$332$209$20
36 years$1,131$751$485$306$190$17
37 years$1,088$713$454$282$172$14
38 years$1,048$678$425$260$156$12
39 years$1,010$645$398$240$141$10
40 years$973$613$373$221$128$8
41 years$939$584$350$204$116$7
42 years$906$556$328$188$106$6
43 years$875$530$308$174$96$5
44 years$846$505$289$160$87$4
45 years$818$481$272$148$79$3
46 years$791$459$255$137$72$3
47 years$765$438$240$126$65$2
48 years$741$418$225$117$59$2
49 years$718$400$212$108$54$2
50 years$695$382$199$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $712,000, adding $5,851 every year, while hoping to spend $22,071 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: 71/20/9 Blend
44$712,000$712,000$712,000$712,000
45$790,659$752,923$741,887$845,083
46$847,823$766,333$743,257$895,266
47$910,078$779,660$743,933$946,898
48$977,920$792,878$743,869$1,002,810
49$1,051,895$805,955$743,015$1,063,421
50$1,132,603$818,862$741,321$1,129,188
51$1,220,706$831,564$738,733$1,200,617
52$1,316,931$844,024$735,194$1,278,265
53$1,422,081$856,204$730,646$1,362,744
54$1,537,037$868,062$725,026$1,454,731
55$1,662,770$879,552$718,270$1,554,971
56$1,800,351$890,628$710,310$1,664,283
57$1,950,955$901,238$701,074$1,783,572
58$2,115,881$911,327$690,489$1,913,834
59$2,296,556$920,837$678,475$2,056,167
60$2,494,553$929,707$664,952$2,211,781
61$2,711,604$937,869$649,835$2,382,010
62$2,949,616$945,252$633,032$2,568,322
63$3,210,690$951,783$614,452$2,772,337
64$3,497,141$957,381$593,997$2,995,840
65$3,811,516$961,960$571,563$3,240,798
66$4,156,625$965,429$547,044$3,509,379
67$4,535,559$967,694$520,328$3,803,972
68$4,951,726$968,650$491,299$4,127,210
69$5,408,878$968,190$459,833$4,481,996
70$5,911,149$966,198$425,804$4,871,530
71$6,463,096$962,551$389,078$5,299,335
72$7,069,735$957,119$349,515$5,769,299
73$7,736,594$949,764$306,970$6,285,704
74$8,469,764$940,340$261,291$6,853,270
75$9,275,954$928,691$212,319$7,477,200
76$10,162,558$914,653$159,887$8,163,230
77$11,137,719$898,051$103,824$8,917,677
78$12,210,412$878,701$43,948$9,747,510
79$13,390,524$856,408$0$10,660,405
80$14,688,949$830,963$0$11,666,739
81$16,117,690$802,149$0$12,778,553
82$17,689,972$769,732$0$14,001,920
83$19,420,368$733,467$0$15,348,190
84$21,324,934$693,096$0$16,829,873
85$23,421,362$648,342$0$18,460,752
86$25,729,146$598,915$0$20,256,019
87$28,269,766$544,510$0$22,232,417
88$31,066,891$484,800$0$24,408,396
89$34,146,602$419,443$0$26,804,290
90$37,537,636$348,076$0$29,442,508
91$41,271,660$270,317$0$32,347,747
92$45,383,568$185,761$0$35,547,223
93$49,911,809$93,981$0$39,070,930
94$54,898,754$0$0$42,951,925
95$60,391,089$0$0$47,227,841
96$66,440,261$0$0$51,960,099
97$73,102,961$0$0$57,172,370
98$80,441,659$0$0$62,913,531
99$88,525,193$0$0$69,237,443
100$97,429,420$0$0$76,203,455