Can I retire at age 45 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$57,392$56,881$56,382$55,896$55,420$55,094
2 years$28,412$27,883$27,370$26,873$26,391$26,062
3 years$18,753$18,222$17,710$17,218$16,743$16,422
4 years$13,925$13,395$12,889$12,404$11,941$11,629
5 years$11,028$10,502$10,002$9,528$9,078$8,776
6 years$9,098$8,576$8,083$7,619$7,183$6,893
7 years$7,720$7,202$6,717$6,264$5,842$5,563
8 years$6,687$6,173$5,697$5,255$4,846$4,578
9 years$5,884$5,375$4,907$4,476$4,081$3,825
10 years$5,241$4,738$4,278$3,858$3,477$3,232
11 years$4,716$4,218$3,766$3,358$2,991$2,756
12 years$4,279$3,786$3,342$2,945$2,592$2,368
13 years$3,909$3,421$2,986$2,600$2,260$2,046
14 years$3,593$3,110$2,683$2,308$1,981$1,778
15 years$3,319$2,841$2,422$2,059$1,744$1,551
16 years$3,079$2,606$2,196$1,843$1,542$1,358
17 years$2,868$2,400$1,998$1,656$1,367$1,193
18 years$2,680$2,218$1,824$1,493$1,215$1,050
19 years$2,513$2,056$1,670$1,349$1,083$927
20 years$2,362$1,910$1,533$1,221$968$820
21 years$2,226$1,779$1,410$1,109$866$726
22 years$2,102$1,661$1,299$1,008$776$644
23 years$1,990$1,553$1,200$918$697$572
24 years$1,887$1,455$1,110$837$626$509
25 years$1,792$1,366$1,028$765$564$453
26 years$1,705$1,284$953$699$508$404
27 years$1,624$1,208$885$640$458$360
28 years$1,549$1,138$823$586$413$321
29 years$1,479$1,074$766$538$373$287
30 years$1,415$1,014$713$493$337$256
31 years$1,354$959$665$453$305$229
32 years$1,298$907$620$416$276$205
33 years$1,245$859$579$383$249$183
34 years$1,195$814$541$352$226$164
35 years$1,148$772$506$324$204$147
36 years$1,104$733$473$299$185$132
37 years$1,062$696$443$275$168$118
38 years$1,023$662$415$254$152$106
39 years$985$629$389$234$138$95
40 years$950$599$364$216$125$85
41 years$917$570$342$199$114$76
42 years$885$543$320$184$103$68
43 years$855$517$301$170$94$61
44 years$826$493$282$157$85$55
45 years$798$470$265$145$77$49
46 years$772$448$249$134$70$44
47 years$747$428$234$123$64$40
48 years$723$408$220$114$58$35
49 years$700$390$207$105$52$32
50 years$679$373$194$97$48$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $695,000, adding $6,711 every year, while hoping to spend $43,182 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: 79/8/13 Blend
44$695,000$695,000$695,000$695,000
45$772,812$735,977$725,205$831,378
46$805,694$726,095$703,554$860,963
47$840,482$714,281$679,730$887,186
48$877,326$700,395$653,616$914,720
49$916,388$684,289$625,087$943,678
50$957,846$665,806$594,013$974,186
51$1,001,894$644,778$560,261$1,006,379
52$1,048,745$621,030$523,687$1,040,410
53$1,098,631$594,375$484,145$1,076,446
54$1,151,808$564,616$441,480$1,114,670
55$1,208,553$531,543$395,531$1,155,288
56$1,269,174$494,937$346,130$1,198,524
57$1,334,005$454,564$293,100$1,244,626
58$1,403,412$410,176$236,258$1,293,870
59$1,477,799$361,514$175,412$1,346,558
60$1,557,608$308,301$110,361$1,403,025
61$1,643,323$250,247$40,897$1,463,640
62$1,735,476$187,044$0$1,528,813
63$1,834,652$118,366$0$1,603,603
64$1,941,492$43,871$0$1,690,252
65$2,056,700$0$0$1,783,665
66$2,181,050$0$0$1,887,722
67$2,315,393$0$0$2,004,330
68$2,460,663$0$0$2,130,440
69$2,617,887$0$0$2,266,945
70$2,788,195$0$0$2,414,830
71$2,972,827$0$0$2,575,172
72$3,173,149$0$0$2,749,162
73$3,390,663$0$0$2,938,106
74$3,627,019$0$0$3,143,440
75$3,884,035$0$0$3,366,746
76$4,163,709$0$0$3,609,764
77$4,468,239$0$0$3,874,408
78$4,800,047$0$0$4,162,783
79$5,161,794$0$0$4,477,207
80$5,556,412$0$0$4,820,233
81$5,987,127$0$0$5,194,667
82$6,457,489$0$0$5,603,600
83$6,971,408$0$0$6,050,436
84$7,533,188$0$0$6,538,920
85$8,147,566$0$0$7,073,176
86$8,819,759$0$0$7,657,746
87$9,555,512$0$0$8,297,630
88$10,361,150$0$0$8,998,335
89$11,243,639$0$0$9,765,923
90$12,210,649$0$0$10,607,072
91$13,270,630$0$0$11,529,137
92$14,432,886$0$0$12,540,217
93$15,707,663$0$0$13,649,233
94$17,106,251$0$0$14,866,011
95$18,641,082$0$0$16,201,374
96$20,325,850$0$0$17,667,244
97$22,175,641$0$0$19,276,752
98$24,207,073$0$0$21,044,364
99$26,438,449$0$0$22,986,016
100$28,889,938$0$0$25,119,264