Can I retire at age 45 with 696,000?

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 $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%13.3%
1 years$57,475$56,963$56,464$55,976$55,500$54,738
2 years$28,453$27,923$27,410$26,912$26,429$25,663
3 years$18,780$18,248$17,736$17,243$16,767$16,021
4 years$13,945$13,414$12,907$12,422$11,959$11,237
5 years$11,044$10,517$10,016$9,541$9,091$8,397
6 years$9,111$8,588$8,095$7,630$7,193$6,527
7 years$7,731$7,212$6,727$6,273$5,850$5,213
8 years$6,696$6,182$5,705$5,263$4,853$4,244
9 years$5,892$5,383$4,914$4,483$4,087$3,506
10 years$5,249$4,745$4,284$3,864$3,482$2,929
11 years$4,723$4,224$3,771$3,363$2,995$2,468
12 years$4,285$3,791$3,347$2,950$2,595$2,095
13 years$3,915$3,426$2,990$2,604$2,263$1,789
14 years$3,598$3,114$2,687$2,312$1,984$1,535
15 years$3,324$2,845$2,426$2,062$1,747$1,322
16 years$3,084$2,610$2,199$1,846$1,544$1,142
17 years$2,872$2,404$2,001$1,659$1,369$990
18 years$2,684$2,221$1,827$1,495$1,217$860
19 years$2,516$2,059$1,673$1,351$1,085$749
20 years$2,365$1,913$1,535$1,223$969$653
21 years$2,229$1,782$1,412$1,110$867$570
22 years$2,105$1,663$1,301$1,009$777$499
23 years$1,993$1,556$1,201$919$698$437
24 years$1,889$1,458$1,111$838$627$383
25 years$1,794$1,368$1,029$766$564$336
26 years$1,707$1,286$954$700$508$295
27 years$1,626$1,210$886$641$458$259
28 years$1,551$1,140$824$587$414$228
29 years$1,482$1,075$767$538$373$200
30 years$1,417$1,016$714$494$337$176
31 years$1,356$960$666$454$305$155
32 years$1,300$908$621$417$276$136
33 years$1,246$860$580$384$250$120
34 years$1,197$815$542$353$226$106
35 years$1,150$773$507$325$205$93
36 years$1,105$734$474$299$186$82
37 years$1,064$697$444$276$168$72
38 years$1,024$663$415$254$152$64
39 years$987$630$389$234$138$56
40 years$952$599$365$216$125$50
41 years$918$571$342$199$114$44
42 years$886$543$321$184$103$39
43 years$856$518$301$170$94$34
44 years$827$494$283$157$85$30
45 years$799$471$265$145$77$27
46 years$773$449$249$134$70$23
47 years$748$428$234$124$64$21
48 years$724$409$220$114$58$18
49 years$701$391$207$106$52$16
50 years$680$373$194$98$48$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $696,000, adding $6,203 every year, while hoping to spend $47,559 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: 65/24/11 Blend
44$696,000$696,000$696,000$696,000
45$773,390$736,502$725,714$821,381
46$801,674$721,989$699,423$839,657
47$831,248$705,170$670,658$853,467
48$862,195$685,882$639,284$867,346
49$894,602$663,954$605,164$881,299
50$928,566$639,202$568,151$895,330
51$964,189$611,432$528,093$909,449
52$1,001,584$580,441$484,833$923,667
53$1,040,874$546,011$438,203$937,998
54$1,082,191$507,913$388,030$952,460
55$1,125,680$465,905$334,134$967,075
56$1,171,497$419,733$276,325$981,870
57$1,219,813$369,124$214,406$996,876
58$1,270,816$313,793$148,171$1,012,133
59$1,324,709$253,438$77,404$1,027,685
60$1,381,713$187,740$1,881$1,043,586
61$1,442,071$116,363$0$1,059,899
62$1,506,048$38,950$0$1,085,933
63$1,573,932$0$0$1,113,371
64$1,646,039$0$0$1,153,969
65$1,722,716$0$0$1,208,102
66$1,804,340$0$0$1,265,755
67$1,891,326$0$0$1,327,222
68$1,984,128$0$0$1,392,828
69$2,083,241$0$0$1,462,929
70$2,189,211$0$0$1,537,912
71$2,302,635$0$0$1,618,206
72$2,424,167$0$0$1,704,277
73$2,554,525$0$0$1,796,640
74$2,694,497$0$0$1,895,857
75$2,844,948$0$0$2,002,547
76$3,006,826$0$0$2,117,389
77$3,181,174$0$0$2,241,128
78$3,369,137$0$0$2,374,583
79$3,571,972$0$0$2,518,654
80$3,791,060$0$0$2,674,328
81$4,027,920$0$0$2,842,693
82$4,284,220$0$0$3,024,941
83$4,561,794$0$0$3,222,386
84$4,862,659$0$0$3,436,471
85$5,189,032$0$0$3,668,783
86$5,543,353$0$0$3,921,067
87$5,928,303$0$0$4,195,244
88$6,346,833$0$0$4,493,424
89$6,802,189$0$0$4,817,932
90$7,297,943$0$0$5,171,324
91$7,838,025$0$0$5,556,415
92$8,426,759$0$0$5,976,299
93$9,068,906$0$0$6,434,386
94$9,769,704$0$0$6,934,425
95$10,534,920$0$0$7,480,545
96$11,370,902$0$0$8,077,292
97$12,284,640$0$0$8,729,671
98$13,283,827$0$0$9,443,189
99$14,376,934$0$0$10,223,913
100$15,573,291$0$0$11,078,523