Can I retire at age 45 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$59,457$58,927$58,411$57,906$57,414$57,124
2 years$29,434$28,886$28,355$27,840$27,340$27,047
3 years$19,428$18,877$18,347$17,837$17,346$17,059
4 years$14,426$13,877$13,352$12,851$12,371$12,093
5 years$11,425$10,880$10,362$9,870$9,404$9,136
6 years$9,425$8,884$8,374$7,894$7,441$7,183
7 years$7,998$7,461$6,959$6,490$6,052$5,803
8 years$6,927$6,395$5,902$5,444$5,020$4,782
9 years$6,095$5,568$5,083$4,637$4,228$3,999
10 years$5,430$4,908$4,431$3,997$3,602$3,383
11 years$4,886$4,369$3,901$3,479$3,098$2,889
12 years$4,433$3,922$3,462$3,051$2,685$2,485
13 years$4,050$3,544$3,093$2,694$2,341$2,150
14 years$3,722$3,221$2,779$2,391$2,052$1,870
15 years$3,438$2,943$2,509$2,133$1,807$1,634
16 years$3,190$2,700$2,275$1,910$1,597$1,433
17 years$2,971$2,487$2,070$1,716$1,416$1,260
18 years$2,777$2,298$1,890$1,546$1,259$1,111
19 years$2,603$2,130$1,730$1,397$1,122$982
20 years$2,447$1,979$1,588$1,265$1,002$870
21 years$2,306$1,843$1,461$1,148$897$771
22 years$2,178$1,721$1,346$1,044$804$685
23 years$2,061$1,609$1,243$951$722$610
24 years$1,954$1,508$1,149$867$649$543
25 years$1,856$1,415$1,065$792$584$484
26 years$1,766$1,330$987$724$526$432
27 years$1,682$1,252$917$663$474$386
28 years$1,605$1,179$852$607$428$345
29 years$1,533$1,113$793$557$386$309
30 years$1,466$1,051$739$511$349$276
31 years$1,403$993$689$469$316$247
32 years$1,344$940$643$431$285$222
33 years$1,289$890$600$397$258$199
34 years$1,238$844$561$365$234$178
35 years$1,189$800$524$336$212$160
36 years$1,144$759$490$309$192$143
37 years$1,100$721$459$285$174$128
38 years$1,060$685$430$263$158$115
39 years$1,021$652$403$242$143$103
40 years$984$620$377$224$130$93
41 years$950$590$354$206$118$83
42 years$917$562$332$190$107$75
43 years$885$536$312$176$97$67
44 years$855$511$292$162$88$60
45 years$827$487$275$150$80$54
46 years$800$464$258$138$73$49
47 years$774$443$242$128$66$44
48 years$749$423$228$118$60$39
49 years$726$404$214$109$54$35
50 years$703$386$201$101$49$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $720,000, adding $4,645 every year, while hoping to spend $44,249 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: 43/34/23 Blend
44$720,000$720,000$720,000$720,000
45$798,231$760,071$748,911$827,030
46$832,570$750,234$726,919$838,105
47$868,929$738,432$702,707$845,470
48$907,466$724,522$676,155$852,563
49$948,356$708,352$647,135$859,381
50$991,790$689,762$615,515$865,927
51$1,037,974$668,583$581,156$872,206
52$1,087,138$644,634$543,916$878,227
53$1,139,530$617,725$503,641$884,004
54$1,195,424$587,655$460,174$889,559
55$1,255,118$554,210$413,350$894,916
56$1,318,940$517,167$362,998$900,112
57$1,387,249$476,286$308,936$905,188
58$1,460,441$431,315$250,977$910,196
59$1,538,946$381,990$188,925$915,201
60$1,623,239$328,028$122,575$920,278
61$1,713,840$269,133$51,712$925,516
62$1,811,322$204,990$0$931,023
63$1,916,310$135,268$0$942,789
64$2,029,495$59,618$0$969,015
65$2,151,633$0$0$997,224
66$2,283,555$0$0$1,036,025
67$2,426,176$0$0$1,102,157
68$2,580,500$0$0$1,173,788
69$2,747,631$0$0$1,251,441
70$2,928,783$0$0$1,335,689
71$3,125,290$0$0$1,427,163
72$3,338,620$0$0$1,526,558
73$3,570,389$0$0$1,634,636
74$3,822,372$0$0$1,752,238
75$4,096,523$0$0$1,880,288
76$4,394,992$0$0$2,019,802
77$4,720,144$0$0$2,171,900
78$5,074,583$0$0$2,337,814
79$5,461,174$0$0$2,518,899
80$5,883,070$0$0$2,716,647
81$6,343,742$0$0$2,932,701
82$6,847,012$0$0$3,168,871
83$7,397,086$0$0$3,427,145
84$7,998,596$0$0$3,709,719
85$8,656,640$0$0$4,019,004
86$9,376,833$0$0$4,357,659
87$10,165,358$0$0$4,728,612
88$11,029,024$0$0$5,135,086
89$11,975,328$0$0$5,580,631
90$13,012,528$0$0$6,069,157
91$14,149,716$0$0$6,604,971
92$15,396,910$0$0$7,192,816
93$16,765,142$0$0$7,837,916
94$18,266,562$0$0$8,546,027
95$19,914,555$0$0$9,323,488
96$21,723,865$0$0$10,177,281
97$23,710,732$0$0$11,115,099
98$25,893,047$0$0$12,145,416
99$28,290,519$0$0$13,277,568
100$30,924,859$0$0$14,521,838