Can I retire at age 45 with 696,000?

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 $696,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$57,475$56,963$56,464$55,976$55,500$53,425
2 years$28,453$27,923$27,410$26,912$26,429$24,361
3 years$18,780$18,248$17,736$17,243$16,767$14,773
4 years$13,945$13,414$12,907$12,422$11,959$10,053
5 years$11,044$10,517$10,016$9,541$9,091$7,279
6 years$9,111$8,588$8,095$7,630$7,193$5,476
7 years$7,731$7,212$6,727$6,273$5,850$4,227
8 years$6,696$6,182$5,705$5,263$4,853$3,323
9 years$5,892$5,383$4,914$4,483$4,087$2,647
10 years$5,249$4,745$4,284$3,864$3,482$2,130
11 years$4,723$4,224$3,771$3,363$2,995$1,728
12 years$4,285$3,791$3,347$2,950$2,595$1,410
13 years$3,915$3,426$2,990$2,604$2,263$1,156
14 years$3,598$3,114$2,687$2,312$1,984$952
15 years$3,324$2,845$2,426$2,062$1,747$786
16 years$3,084$2,610$2,199$1,846$1,544$651
17 years$2,872$2,404$2,001$1,659$1,369$540
18 years$2,684$2,221$1,827$1,495$1,217$449
19 years$2,516$2,059$1,673$1,351$1,085$374
20 years$2,365$1,913$1,535$1,223$969$311
21 years$2,229$1,782$1,412$1,110$867$260
22 years$2,105$1,663$1,301$1,009$777$217
23 years$1,993$1,556$1,201$919$698$181
24 years$1,889$1,458$1,111$838$627$151
25 years$1,794$1,368$1,029$766$564$127
26 years$1,707$1,286$954$700$508$106
27 years$1,626$1,210$886$641$458$89
28 years$1,551$1,140$824$587$414$74
29 years$1,482$1,075$767$538$373$62
30 years$1,417$1,016$714$494$337$52
31 years$1,356$960$666$454$305$44
32 years$1,300$908$621$417$276$37
33 years$1,246$860$580$384$250$31
34 years$1,197$815$542$353$226$26
35 years$1,150$773$507$325$205$21
36 years$1,105$734$474$299$186$18
37 years$1,064$697$444$276$168$15
38 years$1,024$663$415$254$152$13
39 years$987$630$389$234$138$11
40 years$952$599$365$216$125$9
41 years$918$571$342$199$114$7
42 years$886$543$321$184$103$6
43 years$856$518$301$170$94$5
44 years$827$494$283$157$85$4
45 years$799$471$265$145$77$4
46 years$773$449$249$134$70$3
47 years$748$428$234$124$64$3
48 years$724$409$220$114$58$2
49 years$701$391$207$106$52$2
50 years$680$373$194$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $696,000, adding $6,195 every year, while hoping to spend $31,477 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: 42/47/11 Blend
44$696,000$696,000$696,000$696,000
45$773,382$736,494$725,706$803,123
46$818,776$739,091$716,526$827,144
47$867,745$740,760$705,983$849,507
48$920,620$741,423$693,999$873,020
49$977,767$740,996$680,491$897,801
50$1,039,584$739,390$665,373$923,982
51$1,106,512$736,511$648,554$951,711
52$1,179,036$732,259$629,939$981,151
53$1,257,685$726,528$609,431$1,012,484
54$1,343,047$719,205$586,924$1,045,915
55$1,435,763$710,171$562,311$1,081,670
56$1,536,541$699,301$535,479$1,120,001
57$1,646,161$686,458$506,310$1,161,190
58$1,765,477$671,503$474,680$1,205,549
59$1,895,434$654,284$440,459$1,253,424
60$2,037,067$634,643$403,513$1,305,204
61$2,191,518$612,411$363,701$1,361,316
62$2,360,043$587,409$320,875$1,422,237
63$2,544,025$559,450$274,882$1,488,499
64$2,744,985$528,333$225,561$1,560,687
65$2,964,600$493,847$172,744$1,639,455
66$3,204,714$455,771$116,255$1,725,526
67$3,467,358$413,866$55,913$1,819,705
68$3,754,768$367,885$0$1,922,880
69$4,069,406$317,564$0$2,037,036
70$4,413,985$262,624$0$2,169,339
71$4,791,490$202,771$0$2,314,456
72$5,205,210$137,694$0$2,473,756
73$5,658,766$67,066$0$2,648,754
74$6,156,148$0$0$2,841,125
75$6,701,748$0$0$3,057,615
76$7,300,407$0$0$3,333,305
77$7,957,454$0$0$3,635,975
78$8,678,760$0$0$3,968,343
79$9,470,793$0$0$4,333,399
80$10,340,678$0$0$4,734,439
81$11,296,263$0$0$5,175,095
82$12,346,194$0$0$5,659,368
83$13,499,996$0$0$6,191,662
84$14,768,162$0$0$6,776,835
85$16,162,253$0$0$7,420,235
86$17,695,005$0$0$8,127,754
87$19,380,449$0$0$8,905,886
88$21,234,047$0$0$9,761,784
89$23,272,831$0$0$10,703,330
90$25,515,567$0$0$11,739,207
91$27,982,933$0$0$12,878,985
92$30,697,710$0$0$14,133,204
93$33,685,002$0$0$15,513,482
94$36,972,465$0$0$17,032,617
95$40,590,574$0$0$18,704,712
96$44,572,909$0$0$20,545,305
97$48,956,467$0$0$22,571,520
98$53,782,018$0$0$24,802,222
99$59,094,483$0$0$27,258,200
100$64,943,360$0$0$29,962,362