Can I retire at age 45 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$57,558$57,045$56,545$56,056$55,580$54,999
2 years$28,494$27,963$27,449$26,950$26,467$25,882
3 years$18,807$18,274$17,761$17,267$16,791$16,221
4 years$13,965$13,434$12,926$12,440$11,976$11,424
5 years$11,060$10,532$10,031$9,555$9,104$8,572
6 years$9,124$8,600$8,106$7,641$7,204$6,692
7 years$7,742$7,222$6,736$6,282$5,858$5,368
8 years$6,706$6,191$5,713$5,270$4,860$4,391
9 years$5,901$5,390$4,921$4,489$4,093$3,644
10 years$5,257$4,751$4,290$3,870$3,487$3,059
11 years$4,730$4,230$3,777$3,368$2,999$2,591
12 years$4,291$3,796$3,352$2,954$2,599$2,211
13 years$3,921$3,431$2,995$2,608$2,266$1,897
14 years$3,603$3,119$2,691$2,315$1,987$1,636
15 years$3,328$2,849$2,429$2,065$1,749$1,417
16 years$3,088$2,614$2,203$1,849$1,546$1,231
17 years$2,876$2,407$2,004$1,661$1,371$1,073
18 years$2,688$2,224$1,830$1,497$1,219$938
19 years$2,520$2,062$1,675$1,353$1,086$821
20 years$2,369$1,916$1,537$1,225$970$720
21 years$2,232$1,784$1,414$1,112$868$633
22 years$2,108$1,666$1,303$1,011$778$557
23 years$1,995$1,558$1,203$921$699$491
24 years$1,892$1,460$1,113$840$628$433
25 years$1,797$1,370$1,031$767$565$382
26 years$1,709$1,287$956$701$509$337
27 years$1,628$1,212$888$642$459$298
28 years$1,553$1,142$825$588$414$264
29 years$1,484$1,077$768$539$374$234
30 years$1,419$1,017$715$495$338$207
31 years$1,358$962$667$454$305$183
32 years$1,301$910$622$418$276$162
33 years$1,248$862$581$384$250$144
34 years$1,198$817$543$353$226$128
35 years$1,151$775$507$325$205$113
36 years$1,107$735$475$300$186$100
37 years$1,065$698$444$276$168$89
38 years$1,026$664$416$254$153$79
39 years$988$631$390$235$138$70
40 years$953$600$365$216$126$62
41 years$919$571$343$200$114$55
42 years$887$544$321$184$103$49
43 years$857$519$302$170$94$44
44 years$828$494$283$157$85$39
45 years$801$471$266$145$77$34
46 years$774$450$250$134$70$31
47 years$749$429$235$124$64$27
48 years$725$410$220$114$58$24
49 years$702$391$207$106$53$21
50 years$681$374$195$98$48$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $697,000, adding $5,869 every year, while hoping to spend $40,753 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: 71/23/6 Blend
44$697,000$697,000$697,000$697,000
45$774,148$737,207$726,403$828,100
46$809,750$729,969$707,377$857,265
47$847,618$721,011$686,347$883,545
48$887,939$710,205$663,204$911,172
49$930,920$697,416$637,833$940,266
50$976,786$682,501$610,112$970,964
51$1,025,784$665,310$579,917$1,003,413
52$1,078,185$645,681$547,115$1,037,779
53$1,134,285$623,445$511,569$1,074,245
54$1,194,411$598,422$473,135$1,113,014
55$1,258,919$570,423$431,663$1,154,309
56$1,328,201$539,246$386,996$1,198,379
57$1,402,687$504,679$338,970$1,245,501
58$1,482,850$466,496$287,414$1,295,977
59$1,569,207$424,462$232,150$1,350,146
60$1,662,329$378,323$172,990$1,408,381
61$1,762,841$327,815$109,739$1,471,097
62$1,871,431$272,658$42,195$1,538,749
63$1,988,852$212,554$0$1,611,845
64$2,115,937$147,191$0$1,692,860
65$2,253,598$76,238$0$1,783,506
66$2,402,837$0$0$1,881,780
67$2,564,759$0$0$1,988,624
68$2,740,578$0$0$2,125,617
69$2,931,628$0$0$2,274,511
70$3,139,377$0$0$2,436,451
71$3,365,442$0$0$2,612,703
72$3,611,599$0$0$2,804,656
73$3,879,805$0$0$3,013,841
74$4,172,213$0$0$3,241,940
75$4,491,191$0$0$3,490,807
76$4,839,348$0$0$3,762,481
77$5,219,553$0$0$4,059,208
78$5,634,967$0$0$4,383,459
79$6,089,069$0$0$4,737,955
80$6,585,687$0$0$5,125,692
81$7,129,040$0$0$5,549,969
82$7,723,771$0$0$6,014,419
83$8,374,993$0$0$6,523,040
84$9,088,337$0$0$7,080,238
85$9,870,003$0$0$7,690,863
86$10,726,820$0$0$8,360,258
87$11,666,310$0$0$9,094,307
88$12,696,758$0$0$9,899,489
89$13,827,286$0$0$10,782,944
90$15,067,944$0$0$11,752,532
91$16,429,804$0$0$12,816,915
92$17,925,058$0$0$13,985,632
93$19,567,140$0$0$15,269,193
94$21,370,847$0$0$16,679,172
95$23,352,480$0$0$18,228,324
96$25,529,996$0$0$19,930,698
97$27,923,178$0$0$21,801,771
98$30,553,823$0$0$23,858,594
99$33,445,942$0$0$26,119,955
100$36,625,989$0$0$28,606,550