Can I retire at age 45 with 692,000?

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 $692,000?

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$57,145$56,636$56,139$55,654$55,181$54,424
2 years$28,289$27,763$27,252$26,757$26,277$25,515
3 years$18,672$18,143$17,634$17,143$16,671$15,929
4 years$13,865$13,337$12,833$12,351$11,890$11,173
5 years$10,981$10,456$9,959$9,487$9,039$8,349
6 years$9,059$8,539$8,048$7,587$7,152$6,490
7 years$7,687$7,171$6,688$6,237$5,816$5,183
8 years$6,658$6,147$5,672$5,232$4,825$4,220
9 years$5,858$5,352$4,885$4,457$4,064$3,486
10 years$5,219$4,717$4,259$3,842$3,462$2,912
11 years$4,696$4,199$3,750$3,344$2,978$2,454
12 years$4,261$3,769$3,328$2,933$2,580$2,083
13 years$3,893$3,406$2,973$2,589$2,250$1,779
14 years$3,577$3,096$2,671$2,298$1,973$1,526
15 years$3,304$2,828$2,412$2,050$1,737$1,314
16 years$3,066$2,595$2,187$1,835$1,535$1,136
17 years$2,856$2,390$1,990$1,649$1,361$984
18 years$2,669$2,208$1,816$1,486$1,210$855
19 years$2,502$2,047$1,663$1,343$1,079$744
20 years$2,352$1,902$1,526$1,216$963$649
21 years$2,216$1,772$1,404$1,104$862$567
22 years$2,093$1,654$1,294$1,004$773$496
23 years$1,981$1,547$1,195$914$694$434
24 years$1,878$1,449$1,105$834$624$381
25 years$1,784$1,360$1,023$761$561$334
26 years$1,697$1,278$949$696$505$293
27 years$1,617$1,203$881$637$456$257
28 years$1,542$1,133$819$584$411$226
29 years$1,473$1,069$762$535$371$199
30 years$1,409$1,010$710$491$335$175
31 years$1,348$955$662$451$303$154
32 years$1,292$903$618$415$274$136
33 years$1,239$855$577$381$248$119
34 years$1,190$811$539$351$225$105
35 years$1,143$769$504$323$204$93
36 years$1,099$730$471$297$184$82
37 years$1,058$693$441$274$167$72
38 years$1,018$659$413$253$152$63
39 years$981$626$387$233$137$56
40 years$946$596$363$215$125$49
41 years$913$567$340$198$113$44
42 years$881$540$319$183$103$38
43 years$851$515$299$169$93$34
44 years$822$491$281$156$85$30
45 years$795$468$264$144$77$26
46 years$769$446$248$133$70$23
47 years$744$426$233$123$63$21
48 years$720$407$219$114$57$18
49 years$697$388$206$105$52$16
50 years$676$371$193$97$47$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $692,000, adding $4,818 every year, while hoping to spend $29,910 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: 65/23/12 Blend
44$692,000$692,000$692,000$692,000
45$767,554$730,878$720,152$815,045
46$814,020$734,867$712,453$851,339
47$864,224$738,049$703,494$887,038
48$918,514$740,353$693,200$925,290
49$977,276$741,703$681,495$966,342
50$1,040,930$742,019$668,298$1,010,467
51$1,109,943$741,216$653,524$1,057,967
52$1,184,824$739,203$637,084$1,109,176
53$1,266,136$735,883$618,886$1,164,460
54$1,354,496$731,156$598,833$1,224,227
55$1,450,585$724,912$576,823$1,288,923
56$1,555,148$717,037$552,751$1,359,045
57$1,669,011$707,409$526,506$1,435,138
58$1,793,077$695,899$497,971$1,517,806
59$1,928,344$682,371$467,026$1,607,715
60$2,075,907$666,680$433,544$1,705,599
61$2,236,975$648,672$397,392$1,812,270
62$2,412,875$628,186$358,434$1,928,623
63$2,605,071$605,049$316,524$2,055,647
64$2,815,172$579,080$271,511$2,194,433
65$3,044,951$550,087$223,239$2,346,185
66$3,296,361$517,866$171,542$2,512,232
67$3,571,551$482,203$116,249$2,694,040
68$3,872,887$442,869$57,182$2,893,229
69$4,202,976$399,624$0$3,111,583
70$4,564,689$352,215$0$3,351,823
71$4,961,186$300,372$0$3,623,236
72$5,395,949$243,812$0$3,920,919
73$5,872,813$182,236$0$4,247,544
74$6,396,001$115,326$0$4,606,062
75$6,970,165$42,749$0$4,999,724
76$7,600,429$0$0$5,432,115
77$8,292,439$0$0$5,916,261
78$9,052,412$0$0$6,459,885
79$9,887,197$0$0$7,057,075
80$10,804,341$0$0$7,713,234
81$11,812,157$0$0$8,434,315
82$12,919,801$0$0$9,226,879
83$14,137,363$0$0$10,098,150
84$15,475,959$0$0$11,056,090
85$16,947,833$0$0$12,109,470
86$18,566,479$0$0$13,267,953
87$20,346,761$0$0$14,542,185
88$22,305,056$0$0$15,943,897
89$24,459,409$0$0$17,486,014
90$26,829,702$0$0$19,182,776
91$29,437,842$0$0$21,049,873
92$32,307,964$0$0$23,104,593
93$35,466,663$0$0$25,365,985
94$38,943,244$0$0$27,855,038
95$42,769,993$0$0$30,594,879
96$46,982,489$0$0$33,610,990
97$51,619,934$0$0$36,931,450
98$56,725,522$0$0$40,587,200
99$62,346,852$0$0$44,612,332
100$68,536,370$0$0$49,044,412