Can I retire at age 45 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$59,209$58,682$58,167$57,665$57,175$55,567
2 years$29,311$28,766$28,237$27,724$27,226$25,619
3 years$19,347$18,799$18,271$17,763$17,273$15,717
4 years$14,366$13,819$13,297$12,797$12,319$10,825
5 years$11,378$10,834$10,319$9,829$9,365$7,938
6 years$9,386$8,847$8,339$7,861$7,410$6,051
7 years$7,964$7,430$6,930$6,463$6,027$4,735
8 years$6,898$6,369$5,877$5,421$5,000$3,775
9 years$6,070$5,545$5,062$4,618$4,210$3,052
10 years$5,407$4,888$4,413$3,981$3,587$2,494
11 years$4,866$4,351$3,885$3,464$3,085$2,054
12 years$4,415$3,905$3,448$3,039$2,674$1,703
13 years$4,033$3,529$3,081$2,683$2,331$1,420
14 years$3,707$3,208$2,768$2,381$2,044$1,189
15 years$3,424$2,931$2,499$2,124$1,800$999
16 years$3,177$2,689$2,266$1,902$1,590$841
17 years$2,959$2,476$2,062$1,709$1,410$710
18 years$2,765$2,288$1,882$1,540$1,254$601
19 years$2,592$2,121$1,723$1,391$1,118$510
20 years$2,437$1,971$1,581$1,260$998$432
21 years$2,296$1,836$1,454$1,144$893$368
22 years$2,169$1,713$1,340$1,040$801$313
23 years$2,053$1,603$1,238$947$719$266
24 years$1,946$1,501$1,145$864$646$227
25 years$1,849$1,409$1,060$789$581$193
26 years$1,758$1,324$983$721$524$165
27 years$1,675$1,246$913$660$472$141
28 years$1,598$1,174$849$605$426$120
29 years$1,526$1,108$790$555$385$103
30 years$1,460$1,046$736$509$348$88
31 years$1,397$989$686$468$314$75
32 years$1,339$936$640$430$284$64
33 years$1,284$886$598$395$257$55
34 years$1,233$840$558$364$233$47
35 years$1,184$797$522$335$211$40
36 years$1,139$756$488$308$191$34
37 years$1,096$718$457$284$173$29
38 years$1,055$683$428$262$157$25
39 years$1,017$649$401$241$142$21
40 years$980$618$376$223$129$18
41 years$946$588$352$205$117$16
42 years$913$560$331$190$106$13
43 years$882$533$310$175$97$11
44 years$852$508$291$162$88$10
45 years$824$485$273$149$80$8
46 years$797$463$257$138$72$7
47 years$771$441$241$127$66$6
48 years$746$421$227$118$60$5
49 years$723$402$213$109$54$4
50 years$700$384$200$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $717,000, adding $6,071 every year, while hoping to spend $40,419 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: 33/42/25 Blend
44$717,000$717,000$717,000$717,000
45$796,396$758,395$747,282$816,438
46$834,623$752,551$729,310$826,206
47$875,395$745,066$709,382$832,671
48$918,927$735,817$687,389$838,832
49$965,459$724,673$663,217$844,689
50$1,015,250$711,496$636,749$850,245
51$1,068,586$696,140$607,861$855,508
52$1,125,781$678,450$576,423$860,490
53$1,187,178$658,261$542,301$865,208
54$1,253,154$635,400$505,352$869,688
55$1,324,123$609,682$465,429$873,960
56$1,400,541$580,914$422,378$878,063
57$1,482,906$548,888$376,037$882,049
58$1,571,767$513,388$326,239$885,976
59$1,667,726$474,183$272,806$889,917
60$1,771,445$431,029$215,557$893,958
61$1,883,653$383,670$154,298$898,201
62$2,005,148$331,833$88,830$902,766
63$2,136,811$275,230$18,944$907,791
64$2,279,609$213,560$0$913,439
65$2,434,605$146,499$0$934,737
66$2,602,968$73,711$0$963,417
67$2,785,985$0$0$994,729
68$2,985,071$0$0$1,031,409
69$3,201,785$0$0$1,108,513
70$3,437,838$0$0$1,192,597
71$3,695,118$0$0$1,284,345
72$3,975,698$0$0$1,384,509
73$4,281,863$0$0$1,493,918
74$4,616,128$0$0$1,613,485
75$4,981,259$0$0$1,744,215
76$5,380,304$0$0$1,887,212
77$5,816,616$0$0$2,043,696
78$6,293,889$0$0$2,215,006
79$6,816,189$0$0$2,402,620
80$7,387,994$0$0$2,608,164
81$8,014,235$0$0$2,833,428
82$8,700,341$0$0$3,080,385
83$9,452,292$0$0$3,351,207
84$10,276,675$0$0$3,648,287
85$11,180,743$0$0$3,974,259
86$12,172,485$0$0$4,332,026
87$13,260,700$0$0$4,724,786
88$14,455,082$0$0$5,156,060
89$15,766,308$0$0$5,629,729
90$17,206,138$0$0$6,150,067
91$18,787,528$0$0$6,721,781
92$20,524,751$0$0$7,350,059
93$22,433,528$0$0$8,040,615
94$24,531,181$0$0$8,799,744
95$26,836,792$0$0$9,634,383
96$29,371,383$0$0$10,552,172
97$32,158,116$0$0$11,561,531
98$35,222,507$0$0$12,671,735
99$38,592,670$0$0$13,893,004
100$42,299,580$0$0$15,236,598