Can I retire at age 45 with 694,000?

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 $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$57,310$56,799$56,301$55,815$55,341$53,915
2 years$28,371$27,843$27,331$26,834$26,353$24,926
3 years$18,726$18,196$17,685$17,193$16,719$15,336
4 years$13,905$13,376$12,870$12,387$11,924$10,595
5 years$11,013$10,487$9,988$9,514$9,065$7,793
6 years$9,085$8,563$8,072$7,608$7,173$5,960
7 years$7,709$7,191$6,707$6,255$5,833$4,680
8 years$6,677$6,164$5,688$5,247$4,839$3,745
9 years$5,875$5,367$4,899$4,470$4,075$3,038
10 years$5,234$4,731$4,271$3,853$3,472$2,492
11 years$4,710$4,212$3,761$3,353$2,986$2,061
12 years$4,273$3,780$3,337$2,941$2,588$1,715
13 years$3,904$3,416$2,982$2,597$2,257$1,436
14 years$3,588$3,105$2,679$2,305$1,978$1,207
15 years$3,314$2,837$2,419$2,056$1,742$1,018
16 years$3,075$2,603$2,193$1,841$1,539$861
17 years$2,864$2,397$1,996$1,654$1,365$731
18 years$2,676$2,215$1,822$1,490$1,214$621
19 years$2,509$2,053$1,668$1,347$1,082$529
20 years$2,359$1,907$1,531$1,220$966$451
21 years$2,223$1,777$1,408$1,107$865$385
22 years$2,099$1,658$1,297$1,006$775$329
23 years$1,987$1,551$1,198$917$696$281
24 years$1,884$1,453$1,108$836$625$241
25 years$1,789$1,364$1,026$763$563$206
26 years$1,702$1,282$952$698$507$177
27 years$1,621$1,206$884$639$457$152
28 years$1,547$1,137$822$585$412$130
29 years$1,477$1,072$765$537$372$112
30 years$1,413$1,013$712$493$336$96
31 years$1,352$957$664$453$304$82
32 years$1,296$906$619$416$275$71
33 years$1,243$858$578$382$249$61
34 years$1,193$813$540$352$225$52
35 years$1,146$771$505$324$204$45
36 years$1,102$732$473$298$185$38
37 years$1,061$695$442$275$168$33
38 years$1,021$661$414$253$152$28
39 years$984$628$388$234$138$24
40 years$949$598$364$215$125$21
41 years$915$569$341$199$113$18
42 years$884$542$320$183$103$15
43 years$853$516$300$169$93$13
44 years$825$492$282$156$85$11
45 years$797$469$265$144$77$10
46 years$771$448$249$133$70$8
47 years$746$427$234$123$63$7
48 years$722$408$219$114$58$6
49 years$699$389$206$105$52$5
50 years$678$372$194$97$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $694,000, adding $2,485 every year, while hoping to spend $33,303 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: 37/42/21 Blend
44$694,000$694,000$694,000$694,000
45$767,351$730,569$719,812$790,811
46$810,187$730,933$708,492$808,463
47$856,276$730,198$695,676$824,223
48$905,914$728,277$681,280$840,567
49$959,428$725,073$665,213$857,566
50$1,017,176$720,487$647,384$875,302
51$1,079,550$714,413$627,693$893,867
52$1,146,983$706,738$606,039$913,367
53$1,219,949$697,343$582,316$933,917
54$1,298,971$686,100$556,411$955,653
55$1,384,623$672,876$528,208$978,723
56$1,477,536$657,528$497,584$1,003,295
57$1,578,404$639,906$464,413$1,029,560
58$1,687,991$619,851$428,560$1,057,728
59$1,807,136$597,194$389,887$1,088,038
60$1,936,764$571,756$348,247$1,120,757
61$2,077,890$543,348$303,490$1,156,183
62$2,231,634$511,772$255,456$1,194,649
63$2,399,226$476,814$203,980$1,236,530
64$2,582,022$438,253$148,888$1,282,240
65$2,781,512$395,851$90,000$1,332,246
66$2,999,339$349,360$27,127$1,387,065
67$3,237,308$298,515$0$1,447,276
68$3,497,409$243,038$0$1,522,478
69$3,781,832$182,634$0$1,611,501
70$4,092,988$116,993$0$1,709,106
71$4,433,533$45,785$0$1,816,230
72$4,806,389$0$0$1,933,914
73$5,214,778$0$0$2,077,789
74$5,662,242$0$0$2,258,711
75$6,152,689$0$0$2,457,110
76$6,690,417$0$0$2,674,739
77$7,280,164$0$0$2,913,526
78$7,927,145$0$0$3,175,597
79$8,637,107$0$0$3,463,293
80$9,416,379$0$0$3,779,194
81$10,271,933$0$0$4,126,140
82$11,211,448$0$0$4,507,261
83$12,243,385$0$0$4,926,004
84$13,377,064$0$0$5,386,167
85$14,622,750$0$0$5,891,935
86$15,991,755$0$0$6,447,917
87$17,496,539$0$0$7,059,192
88$19,150,831$0$0$7,731,355
89$20,969,754$0$0$8,470,571
90$22,969,971$0$0$9,283,631
91$25,169,842$0$0$10,178,019
92$27,589,593$0$0$11,161,979
93$30,251,510$0$0$12,244,596
94$33,180,148$0$0$13,435,879
95$36,402,560$0$0$14,746,856
96$39,948,557$0$0$16,189,679
97$43,850,984$0$0$17,777,738
98$48,146,029$0$0$19,525,785
99$52,873,569$0$0$21,450,076
100$58,077,544$0$0$23,568,523