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%16.8%
1 years$57,392$56,881$56,382$55,896$55,420$53,884
2 years$28,412$27,883$27,370$26,873$26,391$24,854
3 years$18,753$18,222$17,710$17,218$16,743$15,255
4 years$13,925$13,395$12,889$12,404$11,941$10,513
5 years$11,028$10,502$10,002$9,528$9,078$7,712
6 years$9,098$8,576$8,083$7,619$7,183$5,882
7 years$7,720$7,202$6,717$6,264$5,842$4,606
8 years$6,687$6,173$5,697$5,255$4,846$3,674
9 years$5,884$5,375$4,907$4,476$4,081$2,972
10 years$5,241$4,738$4,278$3,858$3,477$2,430
11 years$4,716$4,218$3,766$3,358$2,991$2,003
12 years$4,279$3,786$3,342$2,945$2,592$1,662
13 years$3,909$3,421$2,986$2,600$2,260$1,386
14 years$3,593$3,110$2,683$2,308$1,981$1,161
15 years$3,319$2,841$2,422$2,059$1,744$976
16 years$3,079$2,606$2,196$1,843$1,542$823
17 years$2,868$2,400$1,998$1,656$1,367$696
18 years$2,680$2,218$1,824$1,493$1,215$589
19 years$2,513$2,056$1,670$1,349$1,083$500
20 years$2,362$1,910$1,533$1,221$968$424
21 years$2,226$1,779$1,410$1,109$866$361
22 years$2,102$1,661$1,299$1,008$776$307
23 years$1,990$1,553$1,200$918$697$262
24 years$1,887$1,455$1,110$837$626$223
25 years$1,792$1,366$1,028$765$564$190
26 years$1,705$1,284$953$699$508$163
27 years$1,624$1,208$885$640$458$139
28 years$1,549$1,138$823$586$413$119
29 years$1,479$1,074$766$538$373$101
30 years$1,415$1,014$713$493$337$87
31 years$1,354$959$665$453$305$74
32 years$1,298$907$620$416$276$63
33 years$1,245$859$579$383$249$54
34 years$1,195$814$541$352$226$46
35 years$1,148$772$506$324$204$40
36 years$1,104$733$473$299$185$34
37 years$1,062$696$443$275$168$29
38 years$1,023$662$415$254$152$25
39 years$985$629$389$234$138$21
40 years$950$599$364$216$125$18
41 years$917$570$342$199$114$16
42 years$885$543$320$184$103$13
43 years$855$517$301$170$94$11
44 years$826$493$282$157$85$10
45 years$798$470$265$145$77$8
46 years$772$448$249$134$70$7
47 years$747$428$234$123$64$6
48 years$723$408$220$114$58$5
49 years$700$390$207$105$52$4
50 years$679$373$194$97$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $695,000, adding $2,594 every year, while hoping to spend $35,069 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: 42/31/27 Blend
44$695,000$695,000$695,000$695,000
45$768,566$731,731$720,958$794,675
46$809,646$730,272$707,797$812,224
47$853,742$727,567$693,020$827,709
48$901,122$723,517$676,535$843,803
49$952,085$718,018$658,248$860,583
50$1,006,957$710,959$638,057$878,137
51$1,066,094$702,224$615,860$896,563
52$1,129,891$691,689$591,547$915,972
53$1,198,780$679,221$565,004$936,490
54$1,273,235$664,682$536,111$958,259
55$1,353,778$647,925$504,743$981,436
56$1,440,982$628,792$470,771$1,006,200
57$1,535,479$607,120$434,059$1,032,752
58$1,637,961$582,732$394,463$1,061,316
59$1,749,191$555,443$351,835$1,092,143
60$1,870,007$525,059$306,020$1,125,515
61$2,001,332$491,371$256,856$1,161,745
62$2,144,181$454,161$204,174$1,201,186
63$2,299,670$413,197$147,796$1,244,229
64$2,469,027$368,235$87,538$1,291,312
65$2,653,604$319,015$23,208$1,342,922
66$2,854,890$265,265$0$1,399,605
67$3,074,521$206,696$0$1,475,057
68$3,314,301$143,002$0$1,564,846
69$3,576,212$73,862$0$1,663,092
70$3,862,440$0$0$1,770,696
71$4,175,389$0$0$1,889,016
72$4,517,706$0$0$2,046,083
73$4,892,307$0$0$2,218,050
74$5,302,403$0$0$2,406,400
75$5,751,526$0$0$2,612,768
76$6,243,572$0$0$2,838,954
77$6,782,825$0$0$3,086,941
78$7,374,009$0$0$3,358,913
79$8,022,322$0$0$3,657,275
80$8,733,493$0$0$3,984,676
81$9,513,829$0$0$4,344,035
82$10,370,279$0$0$4,738,565
83$11,310,497$0$0$5,171,807
84$12,342,914$0$0$5,647,662
85$13,476,819$0$0$6,170,427
86$14,722,442$0$0$6,744,835
87$16,091,055$0$0$7,376,101
88$17,595,075$0$0$8,069,970
89$19,248,180$0$0$8,832,770
90$21,065,443$0$0$9,671,476
91$23,063,465$0$0$10,593,769
92$25,260,540$0$0$11,608,115
93$27,676,822$0$0$12,723,837
94$30,334,515$0$0$13,951,211
95$33,258,084$0$0$15,301,559
96$36,474,485$0$0$16,787,352
97$40,013,418$0$0$18,422,335
98$43,907,606$0$0$20,221,650
99$48,193,104$0$0$22,201,983
100$52,909,642$0$0$24,381,718