Can I retire at age 45 with 694,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$57,310$56,799$56,301$55,815$55,341$54,900
2 years$28,371$27,843$27,331$26,834$26,353$25,908
3 years$18,726$18,196$17,685$17,193$16,719$16,285
4 years$13,905$13,376$12,870$12,387$11,924$11,504
5 years$11,013$10,487$9,988$9,514$9,065$8,659
6 years$9,085$8,563$8,072$7,608$7,173$6,782
7 years$7,709$7,191$6,707$6,255$5,833$5,458
8 years$6,677$6,164$5,688$5,247$4,839$4,480
9 years$5,875$5,367$4,899$4,470$4,075$3,731
10 years$5,234$4,731$4,271$3,853$3,472$3,144
11 years$4,710$4,212$3,761$3,353$2,986$2,673
12 years$4,273$3,780$3,337$2,941$2,588$2,289
13 years$3,904$3,416$2,982$2,597$2,257$1,972
14 years$3,588$3,105$2,679$2,305$1,978$1,707
15 years$3,314$2,837$2,419$2,056$1,742$1,485
16 years$3,075$2,603$2,193$1,841$1,539$1,295
17 years$2,864$2,397$1,996$1,654$1,365$1,134
18 years$2,676$2,215$1,822$1,490$1,214$995
19 years$2,509$2,053$1,668$1,347$1,082$875
20 years$2,359$1,907$1,531$1,220$966$771
21 years$2,223$1,777$1,408$1,107$865$680
22 years$2,099$1,658$1,297$1,006$775$601
23 years$1,987$1,551$1,198$917$696$532
24 years$1,884$1,453$1,108$836$625$471
25 years$1,789$1,364$1,026$763$563$418
26 years$1,702$1,282$952$698$507$371
27 years$1,621$1,206$884$639$457$330
28 years$1,547$1,137$822$585$412$293
29 years$1,477$1,072$765$537$372$261
30 years$1,413$1,013$712$493$336$232
31 years$1,352$957$664$453$304$206
32 years$1,296$906$619$416$275$184
33 years$1,243$858$578$382$249$164
34 years$1,193$813$540$352$225$146
35 years$1,146$771$505$324$204$130
36 years$1,102$732$473$298$185$116
37 years$1,061$695$442$275$168$104
38 years$1,021$661$414$253$152$92
39 years$984$628$388$234$138$82
40 years$949$598$364$215$125$74
41 years$915$569$341$199$113$66
42 years$884$542$320$183$103$59
43 years$853$516$300$169$93$52
44 years$825$492$282$156$85$47
45 years$797$469$265$144$77$42
46 years$771$448$249$133$70$37
47 years$746$427$234$123$63$33
48 years$722$408$219$114$58$30
49 years$699$389$206$105$52$27
50 years$678$372$194$97$48$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $694,000, adding $6,789 every year, while hoping to spend $38,791 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: 75/9/16 Blend
44$694,000$694,000$694,000$694,000
45$771,791$735,009$724,252$826,435
46$809,240$729,751$707,241$858,243
47$849,209$722,935$688,360$887,624
48$891,914$714,445$667,506$918,785
49$937,592$704,155$644,569$951,892
50$986,501$691,934$619,438$987,130
51$1,038,928$677,642$591,992$1,024,700
52$1,095,184$661,132$562,109$1,064,826
53$1,155,612$642,246$529,659$1,107,756
54$1,220,588$620,820$494,507$1,153,763
55$1,290,526$596,678$456,511$1,203,148
56$1,365,878$569,634$415,523$1,256,244
57$1,447,144$539,493$371,389$1,313,419
58$1,534,870$506,045$323,948$1,375,080
59$1,629,658$469,073$273,031$1,441,675
60$1,732,169$428,343$218,463$1,513,699
61$1,843,129$383,610$160,060$1,591,700
62$1,963,336$334,615$97,630$1,676,281
63$2,093,669$281,084$30,974$1,768,109
64$2,235,093$222,727$0$1,867,921
65$2,388,671$159,239$0$1,983,386
66$2,555,569$90,296$0$2,114,633
67$2,737,074$15,557$0$2,257,400
68$2,934,599$0$0$2,412,819
69$3,149,699$0$0$2,588,613
70$3,384,086$0$0$2,781,873
71$3,639,644$0$0$2,992,617
72$3,918,446$0$0$3,222,557
73$4,222,773$0$0$3,473,578
74$4,555,138$0$0$3,747,757
75$4,918,306$0$0$4,047,378
76$5,315,322$0$0$4,374,957
77$5,749,537$0$0$4,733,263
78$6,224,641$0$0$5,125,347
79$6,744,698$0$0$5,554,565
80$7,314,183$0$0$6,024,617
81$7,938,024$0$0$6,539,574
82$8,621,647$0$0$7,103,920
83$9,371,028$0$0$7,722,595
84$10,192,751$0$0$8,401,039
85$11,094,065$0$0$9,145,241
86$12,082,955$0$0$9,961,803
87$13,168,216$0$0$10,857,991
88$14,359,537$0$0$11,841,814
89$15,667,590$0$0$12,922,090
90$17,104,131$0$0$14,108,535
91$18,682,110$0$0$15,411,852
92$20,415,794$0$0$16,843,831
93$22,320,899$0$0$18,417,461
94$24,414,740$0$0$20,147,051
95$26,716,391$0$0$22,048,366
96$29,246,868$0$0$24,138,775
97$32,029,325$0$0$26,437,411
98$35,089,268$0$0$28,965,358
99$38,454,805$0$0$31,745,842
100$42,156,898$0$0$34,804,455