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%16.5%
1 years$57,558$57,045$56,545$56,056$55,580$54,104
2 years$28,494$27,963$27,449$26,950$26,467$24,991
3 years$18,807$18,274$17,761$17,267$16,791$15,361
4 years$13,965$13,434$12,926$12,440$11,976$10,602
5 years$11,060$10,532$10,031$9,555$9,104$7,790
6 years$9,124$8,600$8,106$7,641$7,204$5,951
7 years$7,742$7,222$6,736$6,282$5,858$4,668
8 years$6,706$6,191$5,713$5,270$4,860$3,730
9 years$5,901$5,390$4,921$4,489$4,093$3,023
10 years$5,257$4,751$4,290$3,870$3,487$2,476
11 years$4,730$4,230$3,777$3,368$2,999$2,045
12 years$4,291$3,796$3,352$2,954$2,599$1,700
13 years$3,921$3,431$2,995$2,608$2,266$1,421
14 years$3,603$3,119$2,691$2,315$1,987$1,193
15 years$3,328$2,849$2,429$2,065$1,749$1,005
16 years$3,088$2,614$2,203$1,849$1,546$849
17 years$2,876$2,407$2,004$1,661$1,371$719
18 years$2,688$2,224$1,830$1,497$1,219$610
19 years$2,520$2,062$1,675$1,353$1,086$519
20 years$2,369$1,916$1,537$1,225$970$442
21 years$2,232$1,784$1,414$1,112$868$377
22 years$2,108$1,666$1,303$1,011$778$321
23 years$1,995$1,558$1,203$921$699$274
24 years$1,892$1,460$1,113$840$628$235
25 years$1,797$1,370$1,031$767$565$201
26 years$1,709$1,287$956$701$509$172
27 years$1,628$1,212$888$642$459$147
28 years$1,553$1,142$825$588$414$126
29 years$1,484$1,077$768$539$374$108
30 years$1,419$1,017$715$495$338$92
31 years$1,358$962$667$454$305$79
32 years$1,301$910$622$418$276$68
33 years$1,248$862$581$384$250$58
34 years$1,198$817$543$353$226$50
35 years$1,151$775$507$325$205$43
36 years$1,107$735$475$300$186$37
37 years$1,065$698$444$276$168$31
38 years$1,026$664$416$254$153$27
39 years$988$631$390$235$138$23
40 years$953$600$365$216$126$20
41 years$919$571$343$200$114$17
42 years$887$544$321$184$103$15
43 years$857$519$302$170$94$13
44 years$828$494$283$157$85$11
45 years$801$471$266$145$77$9
46 years$774$450$250$134$70$8
47 years$749$429$235$124$64$7
48 years$725$410$220$114$58$6
49 years$702$391$207$106$53$5
50 years$681$374$195$98$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $697,000, adding $5,514 every year, while hoping to spend $38,342 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: 62/32/6 Blend
44$697,000$697,000$697,000$697,000
45$773,782$736,841$726,037$820,583
46$811,912$732,150$709,564$847,800
47$852,646$725,945$691,254$872,517
48$896,210$718,110$671,004$898,504
49$942,850$708,524$648,710$925,880
50$992,837$697,058$624,257$954,782
51$1,046,467$683,575$597,531$985,359
52$1,104,068$667,931$568,409$1,017,778
53$1,165,996$649,972$536,764$1,052,224
54$1,232,643$629,537$502,462$1,088,903
55$1,304,442$606,454$465,364$1,128,043
56$1,381,866$580,541$425,324$1,169,898
57$1,465,434$551,605$382,190$1,214,750
58$1,555,719$519,444$335,804$1,262,910
59$1,653,348$483,843$286,000$1,314,726
60$1,759,013$444,575$232,604$1,370,583
61$1,873,471$401,398$175,435$1,430,908
62$1,997,558$354,059$114,305$1,496,173
63$2,132,191$302,290$49,016$1,566,905
64$2,278,380$245,807$0$1,643,683
65$2,437,234$184,311$0$1,728,477
66$2,609,974$117,485$0$1,824,111
67$2,797,945$44,995$0$1,928,252
68$3,002,624$0$0$2,041,790
69$3,225,637$0$0$2,177,513
70$3,468,775$0$0$2,342,804
71$3,734,009$0$0$2,523,165
72$4,023,506$0$0$2,720,077
73$4,339,653$0$0$2,935,170
74$4,685,078$0$0$3,170,238
75$5,062,675$0$0$3,427,257
76$5,475,627$0$0$3,708,402
77$5,927,443$0$0$4,016,068
78$6,421,982$0$0$4,352,892
79$6,963,497$0$0$4,721,779
80$7,556,671$0$0$5,125,927
81$8,206,660$0$0$5,568,857
82$8,919,143$0$0$6,054,448
83$9,700,375$0$0$6,586,974
84$10,557,243$0$0$7,171,138
85$11,497,337$0$0$7,812,125
86$12,529,012$0$0$8,515,642
87$13,661,475$0$0$9,287,979
88$14,904,866$0$0$10,136,061
89$16,270,355$0$0$11,067,521
90$17,770,248$0$0$12,090,763
91$19,418,100$0$0$13,215,048
92$21,228,845$0$0$14,450,578
93$23,218,933$0$0$15,808,591
94$25,406,490$0$0$17,301,468
95$27,811,484$0$0$18,942,852
96$30,455,913$0$0$20,747,772
97$33,364,015$0$0$22,732,784
98$36,562,494$0$0$24,916,133
99$40,080,771$0$0$27,317,919
100$43,951,263$0$0$29,960,287