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%11%
1 years$57,310$56,799$56,301$55,815$55,341$55,107
2 years$28,371$27,843$27,331$26,834$26,353$26,117
3 years$18,726$18,196$17,685$17,193$16,719$16,489
4 years$13,905$13,376$12,870$12,387$11,924$11,701
5 years$11,013$10,487$9,988$9,514$9,065$8,849
6 years$9,085$8,563$8,072$7,608$7,173$6,964
7 years$7,709$7,191$6,707$6,255$5,833$5,633
8 years$6,677$6,164$5,688$5,247$4,839$4,647
9 years$5,875$5,367$4,899$4,470$4,075$3,891
10 years$5,234$4,731$4,271$3,853$3,472$3,295
11 years$4,710$4,212$3,761$3,353$2,986$2,817
12 years$4,273$3,780$3,337$2,941$2,588$2,426
13 years$3,904$3,416$2,982$2,597$2,257$2,102
14 years$3,588$3,105$2,679$2,305$1,978$1,831
15 years$3,314$2,837$2,419$2,056$1,742$1,602
16 years$3,075$2,603$2,193$1,841$1,539$1,406
17 years$2,864$2,397$1,996$1,654$1,365$1,238
18 years$2,676$2,215$1,822$1,490$1,214$1,093
19 years$2,509$2,053$1,668$1,347$1,082$968
20 years$2,359$1,907$1,531$1,220$966$858
21 years$2,223$1,777$1,408$1,107$865$763
22 years$2,099$1,658$1,297$1,006$775$679
23 years$1,987$1,551$1,198$917$696$605
24 years$1,884$1,453$1,108$836$625$539
25 years$1,789$1,364$1,026$763$563$482
26 years$1,702$1,282$952$698$507$431
27 years$1,621$1,206$884$639$457$385
28 years$1,547$1,137$822$585$412$345
29 years$1,477$1,072$765$537$372$309
30 years$1,413$1,013$712$493$336$277
31 years$1,352$957$664$453$304$248
32 years$1,296$906$619$416$275$223
33 years$1,243$858$578$382$249$200
34 years$1,193$813$540$352$225$180
35 years$1,146$771$505$324$204$161
36 years$1,102$732$473$298$185$145
37 years$1,061$695$442$275$168$130
38 years$1,021$661$414$253$152$117
39 years$984$628$388$234$138$105
40 years$949$598$364$215$125$95
41 years$915$569$341$199$113$85
42 years$884$542$320$183$103$77
43 years$853$516$300$169$93$69
44 years$825$492$282$156$85$62
45 years$797$469$265$144$77$56
46 years$771$448$249$133$70$50
47 years$746$427$234$123$63$45
48 years$722$408$219$114$58$41
49 years$699$389$206$105$52$37
50 years$678$372$194$97$48$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $694,000, adding $2,718 every year, while hoping to spend $37,791 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: 58/22/20 Blend
44$694,000$694,000$694,000$694,000
45$767,592$730,810$720,053$807,890
46$805,677$726,410$703,965$831,188
47$846,380$720,528$686,072$852,245
48$889,928$713,052$666,273$874,362
49$936,571$703,861$644,463$897,648
50$986,581$692,830$620,532$922,227
51$1,040,258$679,825$594,366$948,235
52$1,097,931$664,703$565,844$975,826
53$1,159,961$647,315$534,841$1,005,169
54$1,226,745$627,501$501,226$1,036,454
55$1,298,717$605,093$464,861$1,069,892
56$1,376,356$579,912$425,604$1,105,718
57$1,460,187$551,770$383,305$1,144,195
58$1,550,788$520,468$337,807$1,185,611
59$1,648,791$485,795$288,947$1,230,290
60$1,754,896$447,527$236,554$1,278,593
61$1,869,868$405,428$180,452$1,330,916
62$1,994,551$359,250$120,452$1,387,704
63$2,129,870$308,729$56,363$1,449,447
64$2,276,846$253,586$0$1,516,693
65$2,436,601$193,527$0$1,592,613
66$2,610,367$128,243$0$1,688,314
67$2,799,502$57,405$0$1,792,547
68$3,005,499$0$0$1,906,186
69$3,230,002$0$0$2,034,879
70$3,474,820$0$0$2,190,424
71$3,741,943$0$0$2,360,196
72$4,033,562$0$0$2,545,595
73$4,352,090$0$0$2,748,161
74$4,700,181$0$0$2,969,591
75$5,080,759$0$0$3,211,752
76$5,497,042$0$0$3,476,700
77$5,952,575$0$0$3,766,700
78$6,451,260$0$0$4,084,244
79$6,997,393$0$0$4,432,077
80$7,595,707$0$0$4,813,224
81$8,251,414$0$0$5,231,013
82$8,970,252$0$0$5,689,113
83$9,758,543$0$0$6,191,561
84$10,623,250$0$0$6,742,808
85$11,572,041$0$0$7,347,752
86$12,613,363$0$0$8,011,791
87$13,756,521$0$0$8,740,872
88$15,011,764$0$0$9,541,542
89$16,390,381$0$0$10,421,018
90$17,904,812$0$0$11,387,247
91$19,568,756$0$0$12,448,985
92$21,397,309$0$0$13,615,878
93$23,407,100$0$0$14,898,552
94$25,616,447$0$0$16,308,715
95$28,045,536$0$0$17,859,267
96$30,716,603$0$0$19,564,416
97$33,654,146$0$0$21,439,822
98$36,885,159$0$0$23,502,733
99$40,439,382$0$0$25,772,158
100$44,349,581$0$0$28,269,036