Can I retire at age 45 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$59,374$58,845$58,329$57,826$57,334$55,543
2 years$29,393$28,846$28,315$27,801$27,302$25,514
3 years$19,401$18,851$18,322$17,812$17,321$15,592
4 years$14,406$13,858$13,334$12,833$12,354$10,696
5 years$11,409$10,864$10,347$9,857$9,391$7,810
6 years$9,412$8,872$8,362$7,883$7,431$5,927
7 years$7,987$7,450$6,949$6,481$6,043$4,617
8 years$6,918$6,386$5,893$5,436$5,014$3,664
9 years$6,087$5,560$5,076$4,631$4,222$2,948
10 years$5,422$4,901$4,425$3,992$3,597$2,397
11 years$4,879$4,363$3,896$3,474$3,094$1,964
12 years$4,427$3,916$3,458$3,047$2,681$1,620
13 years$4,044$3,539$3,089$2,690$2,338$1,343
14 years$3,717$3,217$2,776$2,388$2,049$1,118
15 years$3,433$2,939$2,506$2,130$1,805$934
16 years$3,185$2,696$2,272$1,907$1,595$782
17 years$2,967$2,483$2,067$1,713$1,414$657
18 years$2,773$2,295$1,887$1,544$1,257$553
19 years$2,600$2,127$1,728$1,395$1,121$466
20 years$2,444$1,976$1,586$1,264$1,001$393
21 years$2,303$1,841$1,459$1,147$896$332
22 years$2,175$1,718$1,344$1,043$803$280
23 years$2,058$1,607$1,241$950$721$237
24 years$1,952$1,506$1,148$866$648$201
25 years$1,854$1,413$1,063$791$583$170
26 years$1,763$1,328$986$723$525$144
27 years$1,680$1,250$916$662$473$122
28 years$1,602$1,178$851$607$427$104
29 years$1,531$1,111$792$556$386$88
30 years$1,464$1,049$738$510$349$75
31 years$1,401$992$688$469$315$63
32 years$1,342$939$642$431$285$54
33 years$1,288$889$599$396$258$46
34 years$1,236$842$560$365$234$39
35 years$1,188$799$523$336$212$33
36 years$1,142$758$490$309$192$28
37 years$1,099$720$458$285$174$24
38 years$1,058$684$429$262$157$20
39 years$1,020$651$402$242$143$17
40 years$983$619$377$223$130$15
41 years$948$589$353$206$118$12
42 years$915$561$332$190$107$10
43 years$884$535$311$175$97$9
44 years$854$510$292$162$88$8
45 years$826$486$274$150$80$6
46 years$799$464$258$138$72$5
47 years$773$443$242$128$66$5
48 years$748$423$227$118$60$4
49 years$725$404$214$109$54$3
50 years$702$385$201$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $719,000, adding $3,366 every year, while hoping to spend $26,542 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: 31/47/22 Blend
44$719,000$719,000$719,000$719,000
45$795,810$757,703$746,559$814,965
46$848,742$766,590$743,328$838,661
47$906,184$775,023$739,099$861,536
48$968,567$782,951$733,811$885,611
49$1,036,367$790,322$727,400$911,007
50$1,110,105$797,077$719,797$937,860
51$1,190,359$803,156$710,933$966,321
52$1,277,759$808,495$700,733$996,555
53$1,373,003$813,023$689,120$1,028,751
54$1,476,856$816,668$676,012$1,063,115
55$1,590,162$819,352$661,325$1,099,877
56$1,713,849$820,991$644,970$1,139,293
57$1,848,939$821,497$626,855$1,181,649
58$1,996,558$820,777$606,881$1,227,259
59$2,157,943$818,731$584,947$1,276,476
60$2,334,457$815,253$560,947$1,329,688
61$2,527,603$810,232$534,770$1,387,328
62$2,739,033$803,548$506,300$1,449,876
63$2,970,568$795,075$475,415$1,517,864
64$3,224,213$784,680$441,988$1,591,882
65$3,502,174$772,222$405,886$1,672,585
66$3,806,884$757,549$366,971$1,760,697
67$4,141,021$740,503$325,099$1,857,023
68$4,507,533$720,915$280,118$1,962,452
69$4,909,669$698,608$231,869$2,077,970
70$5,351,008$673,392$180,190$2,204,670
71$5,835,490$645,068$124,906$2,343,761
72$6,367,459$613,425$65,839$2,496,581
73$6,951,695$578,239$2,800$2,664,610
74$7,593,469$539,273$0$2,849,489
75$8,298,583$496,278$0$3,068,164
76$9,073,433$448,990$0$3,309,192
77$9,925,062$397,129$0$3,574,183
78$10,861,230$340,400$0$3,865,643
79$11,890,487$278,491$0$4,186,338
80$13,022,253$211,074$0$4,539,324
81$14,266,906$137,799$0$4,927,973
82$15,635,879$58,300$0$5,356,011
83$17,141,771$0$0$5,827,549
84$18,798,461$0$0$6,361,510
85$20,621,243$0$0$6,982,306
86$22,626,967$0$0$7,665,538
87$24,834,198$0$0$8,417,548
88$27,263,395$0$0$9,245,321
89$29,937,097$0$0$10,156,557
90$32,880,141$0$0$11,159,737
91$36,119,894$0$0$12,264,209
92$39,686,510$0$0$13,480,271
93$43,613,216$0$0$14,819,273
94$47,936,624$0$0$16,293,720
95$52,697,078$0$0$17,917,391
96$57,939,032$0$0$19,705,470
97$63,711,472$0$0$21,674,690
98$70,068,374$0$0$23,843,486
99$77,069,217$0$0$26,232,176
100$84,779,544$0$0$28,863,148