Can I retire at age 45 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$59,044$58,518$58,005$57,504$57,015$55,592
2 years$29,230$28,685$28,158$27,646$27,150$25,725
3 years$19,293$18,746$18,220$17,713$17,225$15,843
4 years$14,325$13,780$13,259$12,761$12,285$10,956
5 years$11,346$10,804$10,290$9,802$9,339$8,068
6 years$9,360$8,822$8,316$7,839$7,390$6,177
7 years$7,942$7,409$6,910$6,445$6,010$4,856
8 years$6,879$6,351$5,861$5,406$4,986$3,890
9 years$6,053$5,530$5,048$4,605$4,199$3,160
10 years$5,392$4,874$4,401$3,969$3,577$2,595
11 years$4,852$4,339$3,874$3,455$3,077$2,148
12 years$4,402$3,895$3,438$3,030$2,666$1,791
13 years$4,022$3,519$3,072$2,675$2,325$1,501
14 years$3,696$3,199$2,760$2,375$2,038$1,263
15 years$3,414$2,922$2,492$2,118$1,794$1,067
16 years$3,168$2,681$2,259$1,896$1,586$904
17 years$2,950$2,469$2,056$1,704$1,406$768
18 years$2,757$2,282$1,877$1,535$1,250$654
19 years$2,585$2,115$1,718$1,387$1,114$558
20 years$2,430$1,965$1,577$1,257$995$476
21 years$2,290$1,830$1,450$1,140$891$407
22 years$2,163$1,709$1,337$1,037$799$348
23 years$2,047$1,598$1,234$944$717$298
24 years$1,941$1,497$1,141$861$644$256
25 years$1,843$1,405$1,057$787$580$220
26 years$1,754$1,321$981$719$522$188
27 years$1,671$1,243$911$658$471$162
28 years$1,594$1,171$846$603$425$139
29 years$1,522$1,105$788$553$384$120
30 years$1,455$1,043$734$508$347$103
31 years$1,393$986$684$466$313$88
32 years$1,335$933$638$428$283$76
33 years$1,280$884$596$394$257$65
34 years$1,229$838$557$363$232$56
35 years$1,181$795$521$334$210$48
36 years$1,136$754$487$307$191$42
37 years$1,093$716$456$283$173$36
38 years$1,052$681$427$261$157$31
39 years$1,014$647$400$241$142$27
40 years$978$616$375$222$129$23
41 years$943$586$351$205$117$20
42 years$910$558$330$189$106$17
43 years$879$532$309$174$96$15
44 years$850$507$290$161$87$13
45 years$821$484$273$149$79$11
46 years$794$461$256$137$72$9
47 years$769$440$241$127$65$8
48 years$744$420$226$117$59$7
49 years$721$401$213$108$54$6
50 years$698$383$200$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $715,000, adding $6,090 every year, while hoping to spend $56,576 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: 87/5/8 Blend
44$715,000$715,000$715,000$715,000
45$794,212$756,317$745,234$862,138
46$815,025$733,180$710,003$884,206
47$836,065$707,013$671,696$900,016
48$857,295$677,608$630,149$915,577
49$878,673$644,745$585,193$930,821
50$900,151$608,190$536,650$945,677
51$921,672$567,698$484,334$960,063
52$943,175$523,007$428,051$973,889
53$964,587$473,842$367,599$987,054
54$985,826$419,913$302,765$999,450
55$1,006,803$360,910$233,330$1,010,953
56$1,027,412$296,510$159,061$1,021,429
57$1,047,537$226,368$79,719$1,030,728
58$1,067,048$150,123$0$1,038,685
59$1,085,798$67,390$0$1,045,541
60$1,103,623$0$0$1,057,961
61$1,120,339$0$0$1,070,159
62$1,135,740$0$0$1,084,800
63$1,149,598$0$0$1,097,958
64$1,161,657$0$0$1,109,386
65$1,171,632$0$0$1,118,813
66$1,179,206$0$0$1,125,933
67$1,184,027$0$0$1,130,410
68$1,185,702$0$0$1,131,866
69$1,183,797$0$0$1,129,885
70$1,177,828$0$0$1,124,003
71$1,167,259$0$0$1,113,705
72$1,151,495$0$0$1,098,421
73$1,129,875$0$0$1,077,518
74$1,101,669$0$0$1,050,295
75$1,066,068$0$0$1,015,977
76$1,022,174$0$0$973,702
77$968,995$0$0$922,518
78$905,433$0$0$861,374
79$830,271$0$0$789,102
80$742,166$0$0$704,415
81$639,632$0$0$605,887
82$521,025$0$0$491,942
83$384,528$0$0$360,838
84$228,135$0$0$210,651
85$49,629$0$0$39,256
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0