Can I retire at age 45 with 713,000?

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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$58,879$58,354$57,843$57,343$56,856$56,075
2 years$29,148$28,605$28,079$27,569$27,074$26,289
3 years$19,239$18,694$18,169$17,664$17,177$16,412
4 years$14,285$13,742$13,222$12,726$12,251$11,512
5 years$11,314$10,774$10,261$9,775$9,313$8,602
6 years$9,334$8,798$8,292$7,817$7,369$6,687
7 years$7,920$7,388$6,891$6,427$5,993$5,340
8 years$6,860$6,333$5,844$5,391$4,972$4,348
9 years$6,036$5,514$5,034$4,592$4,187$3,591
10 years$5,377$4,860$4,388$3,958$3,567$3,000
11 years$4,839$4,327$3,863$3,445$3,068$2,529
12 years$4,390$3,884$3,429$3,022$2,659$2,146
13 years$4,011$3,510$3,063$2,668$2,318$1,833
14 years$3,686$3,190$2,752$2,368$2,032$1,572
15 years$3,405$2,914$2,485$2,112$1,789$1,354
16 years$3,159$2,674$2,253$1,891$1,582$1,170
17 years$2,942$2,462$2,050$1,699$1,402$1,014
18 years$2,750$2,275$1,872$1,531$1,247$881
19 years$2,578$2,109$1,713$1,384$1,111$767
20 years$2,423$1,960$1,572$1,253$993$669
21 years$2,284$1,825$1,446$1,137$888$584
22 years$2,157$1,704$1,333$1,034$796$511
23 years$2,041$1,594$1,231$942$715$447
24 years$1,935$1,493$1,138$859$642$392
25 years$1,838$1,401$1,054$784$578$344
26 years$1,749$1,317$978$717$521$302
27 years$1,666$1,239$908$656$469$265
28 years$1,589$1,168$844$601$424$233
29 years$1,518$1,102$785$552$383$205
30 years$1,451$1,040$732$506$346$180
31 years$1,389$984$682$465$312$159
32 years$1,331$931$636$427$283$140
33 years$1,277$881$594$393$256$123
34 years$1,226$835$555$361$232$108
35 years$1,178$792$519$333$210$96
36 years$1,132$752$486$306$190$84
37 years$1,090$714$454$282$172$74
38 years$1,049$679$426$260$156$65
39 years$1,011$645$399$240$142$58
40 years$975$614$374$221$128$51
41 years$940$585$350$204$117$45
42 years$908$557$329$188$106$40
43 years$877$530$308$174$96$35
44 years$847$506$290$161$87$31
45 years$819$482$272$148$79$27
46 years$792$460$255$137$72$24
47 years$766$439$240$127$65$21
48 years$742$419$225$117$59$19
49 years$719$400$212$108$54$16
50 years$696$382$199$100$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $713,000, adding $5,330 every year, while hoping to spend $22,425 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: 55/27/18 Blend
44$713,000$713,000$713,000$713,000
45$791,224$753,435$742,383$830,647
46$848,069$766,493$743,393$871,200
47$909,960$779,440$743,685$912,490
48$977,389$792,245$743,212$956,956
49$1,050,896$804,879$741,923$1,004,907
50$1,131,076$817,306$739,766$1,056,685
51$1,218,584$829,492$736,686$1,112,666
52$1,314,139$841,397$732,625$1,173,265
53$1,418,536$852,981$727,522$1,238,940
54$1,532,648$864,197$721,315$1,310,195
55$1,657,436$875,001$713,937$1,387,589
56$1,793,958$885,340$705,318$1,471,735
57$1,943,381$895,161$695,385$1,563,311
58$2,106,988$904,406$684,063$1,663,065
59$2,286,192$913,013$671,270$1,771,821
60$2,482,550$920,917$656,925$1,890,489
61$2,697,777$928,049$640,938$2,020,071
62$2,933,760$934,333$623,219$2,161,674
63$3,192,579$939,690$603,672$2,316,518
64$3,476,524$944,037$582,197$2,485,949
65$3,788,117$947,283$558,689$2,671,451
66$4,130,139$949,334$533,039$2,874,661
67$4,505,649$950,087$505,131$3,097,385
68$4,918,019$949,435$474,848$3,341,613
69$5,370,965$947,265$442,062$3,609,542
70$5,868,577$943,455$406,645$3,903,592
71$6,415,363$937,875$368,459$4,226,435
72$7,016,289$930,391$327,362$4,581,014
73$7,676,827$920,856$283,204$4,970,577
74$8,403,003$909,118$235,831$5,398,706
75$9,201,458$895,013$185,080$5,869,349
76$10,079,508$878,370$130,782$6,386,859
77$11,045,213$859,005$72,758$6,956,037
78$12,107,454$836,726$10,825$7,582,178
79$13,276,016$811,327$0$8,271,119
80$14,561,680$782,593$0$9,039,908
81$15,976,324$750,293$0$9,887,937
82$17,533,037$714,185$0$10,820,988
83$19,246,239$674,012$0$11,847,727
84$21,131,820$629,503$0$12,977,709
85$23,207,287$580,370$0$14,221,464
86$25,491,933$526,311$0$15,590,598
87$28,007,014$467,004$0$17,097,903
88$30,775,953$402,111$0$18,757,481
89$33,824,559$331,273$0$20,584,871
90$37,181,270$254,111$0$22,597,204
91$40,877,424$170,227$0$24,813,359
92$44,947,551$79,198$0$27,254,145
93$49,429,701$0$0$29,942,498
94$54,365,802$0$0$32,909,466
95$59,802,054$0$0$36,203,067
96$65,789,369$0$0$39,830,625
97$72,383,846$0$0$43,826,142
98$79,647,305$0$0$48,227,084
99$87,647,866$0$0$53,074,739
100$96,460,595$0$0$58,414,602