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%12.9%
1 years$57,145$56,636$56,139$55,654$55,181$54,514
2 years$28,289$27,763$27,252$26,757$26,277$25,606
3 years$18,672$18,143$17,634$17,143$16,671$16,016
4 years$13,865$13,337$12,833$12,351$11,890$11,257
5 years$10,981$10,456$9,959$9,487$9,039$8,429
6 years$9,059$8,539$8,048$7,587$7,152$6,567
7 years$7,687$7,171$6,688$6,237$5,816$5,256
8 years$6,658$6,147$5,672$5,232$4,825$4,289
9 years$5,858$5,352$4,885$4,457$4,064$3,551
10 years$5,219$4,717$4,259$3,842$3,462$2,974
11 years$4,696$4,199$3,750$3,344$2,978$2,513
12 years$4,261$3,769$3,328$2,933$2,580$2,138
13 years$3,893$3,406$2,973$2,589$2,250$1,830
14 years$3,577$3,096$2,671$2,298$1,973$1,574
15 years$3,304$2,828$2,412$2,050$1,737$1,360
16 years$3,066$2,595$2,187$1,835$1,535$1,178
17 years$2,856$2,390$1,990$1,649$1,361$1,024
18 years$2,669$2,208$1,816$1,486$1,210$892
19 years$2,502$2,047$1,663$1,343$1,079$779
20 years$2,352$1,902$1,526$1,216$963$681
21 years$2,216$1,772$1,404$1,104$862$597
22 years$2,093$1,654$1,294$1,004$773$524
23 years$1,981$1,547$1,195$914$694$460
24 years$1,878$1,449$1,105$834$624$404
25 years$1,784$1,360$1,023$761$561$356
26 years$1,697$1,278$949$696$505$313
27 years$1,617$1,203$881$637$456$276
28 years$1,542$1,133$819$584$411$243
29 years$1,473$1,069$762$535$371$215
30 years$1,409$1,010$710$491$335$190
31 years$1,348$955$662$451$303$167
32 years$1,292$903$618$415$274$148
33 years$1,239$855$577$381$248$131
34 years$1,190$811$539$351$225$115
35 years$1,143$769$504$323$204$102
36 years$1,099$730$471$297$184$90
37 years$1,058$693$441$274$167$80
38 years$1,018$659$413$253$152$71
39 years$981$626$387$233$137$62
40 years$946$596$363$215$125$55
41 years$913$567$340$198$113$49
42 years$881$540$319$183$103$43
43 years$851$515$299$169$93$38
44 years$822$491$281$156$85$34
45 years$795$468$264$144$77$30
46 years$769$446$248$133$70$27
47 years$744$426$233$123$63$24
48 years$720$407$219$114$57$21
49 years$697$388$206$105$52$18
50 years$676$371$193$97$47$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $692,000, adding $2,732 every year, while hoping to spend $56,903 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: 36/49/15 Blend
44$692,000$692,000$692,000$692,000
45$765,402$728,726$718,000$789,345
46$782,929$703,889$681,509$782,042
47$800,336$675,928$641,888$768,558
48$817,551$644,630$598,972$752,777
49$834,494$609,769$552,590$734,522
50$851,071$571,107$502,561$713,608
51$867,180$528,391$448,696$689,834
52$882,706$481,355$390,801$662,987
53$897,517$429,717$328,668$632,840
54$911,470$373,179$262,085$599,148
55$924,402$311,427$190,826$561,651
56$936,132$244,128$114,660$520,070
57$946,457$170,930$33,341$474,107
58$955,154$91,463$0$423,442
59$961,970$5,335$0$376,286
60$966,627$0$0$329,972
61$968,815$0$0$326,187
62$968,190$0$0$324,107
63$964,368$0$0$320,701
64$956,925$0$0$315,799
65$945,390$0$0$309,212
66$929,241$0$0$300,732
67$907,898$0$0$290,125
68$880,720$0$0$277,136
69$846,997$0$0$261,481
70$805,942$0$0$242,846
71$756,685$0$0$220,883
72$698,262$0$0$195,207
73$629,609$0$0$165,394
74$549,547$0$0$130,974
75$456,774$0$0$91,427
76$349,850$0$0$46,180
77$227,184$0$0$0
78$87,018$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
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