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%13.4%
1 years$57,145$56,636$56,139$55,654$55,181$54,401
2 years$28,289$27,763$27,252$26,757$26,277$25,493
3 years$18,672$18,143$17,634$17,143$16,671$15,907
4 years$13,865$13,337$12,833$12,351$11,890$11,152
5 years$10,981$10,456$9,959$9,487$9,039$8,329
6 years$9,059$8,539$8,048$7,587$7,152$6,471
7 years$7,687$7,171$6,688$6,237$5,816$5,164
8 years$6,658$6,147$5,672$5,232$4,825$4,202
9 years$5,858$5,352$4,885$4,457$4,064$3,469
10 years$5,219$4,717$4,259$3,842$3,462$2,897
11 years$4,696$4,199$3,750$3,344$2,978$2,440
12 years$4,261$3,769$3,328$2,933$2,580$2,070
13 years$3,893$3,406$2,973$2,589$2,250$1,766
14 years$3,577$3,096$2,671$2,298$1,973$1,514
15 years$3,304$2,828$2,412$2,050$1,737$1,303
16 years$3,066$2,595$2,187$1,835$1,535$1,125
17 years$2,856$2,390$1,990$1,649$1,361$975
18 years$2,669$2,208$1,816$1,486$1,210$846
19 years$2,502$2,047$1,663$1,343$1,079$736
20 years$2,352$1,902$1,526$1,216$963$641
21 years$2,216$1,772$1,404$1,104$862$560
22 years$2,093$1,654$1,294$1,004$773$489
23 years$1,981$1,547$1,195$914$694$428
24 years$1,878$1,449$1,105$834$624$375
25 years$1,784$1,360$1,023$761$561$328
26 years$1,697$1,278$949$696$505$288
27 years$1,617$1,203$881$637$456$253
28 years$1,542$1,133$819$584$411$222
29 years$1,473$1,069$762$535$371$195
30 years$1,409$1,010$710$491$335$172
31 years$1,348$955$662$451$303$151
32 years$1,292$903$618$415$274$133
33 years$1,239$855$577$381$248$117
34 years$1,190$811$539$351$225$103
35 years$1,143$769$504$323$204$90
36 years$1,099$730$471$297$184$80
37 years$1,058$693$441$274$167$70
38 years$1,018$659$413$253$152$62
39 years$981$626$387$233$137$54
40 years$946$596$363$215$125$48
41 years$913$567$340$198$113$42
42 years$881$540$319$183$103$37
43 years$851$515$299$169$93$33
44 years$822$491$281$156$85$29
45 years$795$468$264$144$77$26
46 years$769$446$248$133$70$22
47 years$744$426$233$123$63$20
48 years$720$407$219$114$57$17
49 years$697$388$206$105$52$15
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 $3,563 every year, while hoping to spend $39,200 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: 49/29/22 Blend
44$692,000$692,000$692,000$692,000
45$766,259$729,583$718,857$798,895
46$802,709$723,624$701,230$816,004
47$841,563$716,060$681,699$830,336
48$883,025$706,769$660,159$845,098
49$927,318$695,625$636,499$860,346
50$974,687$682,494$610,604$876,145
51$1,025,401$667,231$582,355$892,570
52$1,079,753$649,687$551,625$909,704
53$1,138,066$629,700$518,283$927,644
54$1,200,695$607,101$482,191$946,499
55$1,268,029$581,712$443,207$966,390
56$1,340,493$553,341$401,180$987,458
57$1,418,557$521,789$355,954$1,009,857
58$1,502,736$486,843$307,364$1,033,766
59$1,593,595$448,278$255,241$1,059,381
60$1,691,756$405,857$199,405$1,086,926
61$1,797,900$359,330$139,671$1,116,651
62$1,912,780$308,430$75,843$1,148,837
63$2,037,219$252,879$7,719$1,183,797
64$2,172,124$192,379$0$1,221,884
65$2,318,495$126,619$0$1,278,745
66$2,477,426$55,269$0$1,342,490
67$2,650,126$0$0$1,411,851
68$2,837,921$0$0$1,494,461
69$3,042,272$0$0$1,603,610
70$3,264,785$0$0$1,722,530
71$3,507,229$0$0$1,852,172
72$3,771,550$0$0$1,993,588
73$4,059,888$0$0$2,147,931
74$4,374,602$0$0$2,316,474
75$4,718,286$0$0$2,500,616
76$5,093,796$0$0$2,701,899
77$5,504,277$0$0$2,922,018
78$5,953,191$0$0$3,162,841
79$6,444,349$0$0$3,426,426
80$6,981,950$0$0$3,715,038
81$7,570,614$0$0$4,031,170
82$8,215,432$0$0$4,377,569
83$8,922,009$0$0$4,757,261
84$9,696,517$0$0$5,173,576
85$10,545,757$0$0$5,630,184
86$11,477,214$0$0$6,131,127
87$12,499,138$0$0$6,680,856
88$13,620,612$0$0$7,284,274
89$14,851,644$0$0$7,946,783
90$16,203,255$0$0$8,674,332
91$17,687,588$0$0$9,473,477
92$19,318,018$0$0$10,351,436
93$21,109,280$0$0$11,316,165
94$23,077,607$0$0$12,376,426
95$25,240,882$0$0$13,541,873
96$27,618,805$0$0$14,823,141
97$30,233,083$0$0$16,231,949
98$33,107,627$0$0$17,781,206
99$36,268,784$0$0$19,485,136
100$39,745,580$0$0$21,359,409