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%18.4%
1 years$57,558$57,045$56,545$56,056$55,580$53,693
2 years$28,494$27,963$27,449$26,950$26,467$24,585
3 years$18,807$18,274$17,761$17,267$16,791$14,974
4 years$13,965$13,434$12,926$12,440$11,976$10,236
5 years$11,060$10,532$10,031$9,555$9,104$7,446
6 years$9,124$8,600$8,106$7,641$7,204$5,630
7 years$7,742$7,222$6,736$6,282$5,858$4,368
8 years$6,706$6,191$5,713$5,270$4,860$3,452
9 years$5,901$5,390$4,921$4,489$4,093$2,765
10 years$5,257$4,751$4,290$3,870$3,487$2,238
11 years$4,730$4,230$3,777$3,368$2,999$1,826
12 years$4,291$3,796$3,352$2,954$2,599$1,499
13 years$3,921$3,431$2,995$2,608$2,266$1,237
14 years$3,603$3,119$2,691$2,315$1,987$1,025
15 years$3,328$2,849$2,429$2,065$1,749$852
16 years$3,088$2,614$2,203$1,849$1,546$710
17 years$2,876$2,407$2,004$1,661$1,371$593
18 years$2,688$2,224$1,830$1,497$1,219$496
19 years$2,520$2,062$1,675$1,353$1,086$416
20 years$2,369$1,916$1,537$1,225$970$349
21 years$2,232$1,784$1,414$1,112$868$293
22 years$2,108$1,666$1,303$1,011$778$246
23 years$1,995$1,558$1,203$921$699$207
24 years$1,892$1,460$1,113$840$628$175
25 years$1,797$1,370$1,031$767$565$147
26 years$1,709$1,287$956$701$509$124
27 years$1,628$1,212$888$642$459$104
28 years$1,553$1,142$825$588$414$88
29 years$1,484$1,077$768$539$374$74
30 years$1,419$1,017$715$495$338$63
31 years$1,358$962$667$454$305$53
32 years$1,301$910$622$418$276$45
33 years$1,248$862$581$384$250$38
34 years$1,198$817$543$353$226$32
35 years$1,151$775$507$325$205$27
36 years$1,107$735$475$300$186$23
37 years$1,065$698$444$276$168$19
38 years$1,026$664$416$254$153$16
39 years$988$631$390$235$138$14
40 years$953$600$365$216$126$12
41 years$919$571$343$200$114$10
42 years$887$544$321$184$103$8
43 years$857$519$302$170$94$7
44 years$828$494$283$157$85$6
45 years$801$471$266$145$77$5
46 years$774$450$250$134$70$4
47 years$749$429$235$124$64$4
48 years$725$410$220$114$58$3
49 years$702$391$207$106$53$3
50 years$681$374$195$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $697,000, adding $2,492 every year, while hoping to spend $41,917 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: 62/21/17 Blend
44$697,000$697,000$697,000$697,000
45$770,664$733,723$722,920$814,991
46$804,673$725,077$702,538$836,478
47$840,745$714,601$680,069$854,980
48$879,048$702,163$655,398$874,190
49$919,763$687,621$628,406$894,180
50$963,088$670,824$598,967$915,032
51$1,009,243$651,614$566,952$936,836
52$1,058,465$629,822$532,224$959,694
53$1,111,015$605,271$494,641$983,721
54$1,167,180$577,770$454,052$1,009,044
55$1,227,273$547,122$410,304$1,035,807
56$1,291,638$513,114$363,233$1,064,169
57$1,360,653$475,525$312,669$1,094,310
58$1,434,732$434,117$258,435$1,126,430
59$1,514,328$388,642$200,346$1,160,751
60$1,599,940$338,837$138,209$1,197,523
61$1,692,116$284,422$71,821$1,237,022
62$1,791,457$225,104$972$1,279,558
63$1,898,624$160,571$0$1,325,475
64$2,014,341$90,497$0$1,388,695
65$2,139,406$14,533$0$1,457,173
66$2,274,695$0$0$1,531,252
67$2,421,171$0$0$1,627,144
68$2,579,893$0$0$1,734,736
69$2,752,026$0$0$1,851,463
70$2,938,848$0$0$1,978,200
71$3,141,770$0$0$2,115,908
72$3,362,339$0$0$2,265,643
73$3,602,259$0$0$2,428,569
74$3,863,406$0$0$2,605,967
75$4,147,842$0$0$2,799,244
76$4,457,836$0$0$3,009,951
77$4,795,888$0$0$3,239,794
78$5,164,747$0$0$3,490,649
79$5,567,440$0$0$3,764,584
80$6,007,297$0$0$4,063,874
81$6,487,987$0$0$4,391,023
82$7,013,548$0$0$4,748,790
83$7,588,425$0$0$5,140,210
84$8,217,514$0$0$5,568,626
85$8,906,205$0$0$6,037,721
86$9,660,433$0$0$6,551,549
87$10,486,735$0$0$7,114,572
88$11,392,310$0$0$7,731,710
89$12,385,084$0$0$8,408,376
90$13,473,791$0$0$9,150,535
91$14,668,046$0$0$9,964,756
92$15,978,443$0$0$10,858,276
93$17,416,650$0$0$11,839,063
94$18,995,519$0$0$12,915,897
95$20,729,207$0$0$14,098,450
96$22,633,310$0$0$15,397,376
97$24,725,008$0$0$16,824,409
98$27,023,226$0$0$18,392,480
99$29,548,815$0$0$20,115,831
100$32,324,745$0$0$22,010,154