Can I retire at age 45 with 698,000?

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 $698,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$57,640$57,127$56,626$56,137$55,660$53,642
2 years$28,535$28,003$27,488$26,989$26,505$24,494
3 years$18,834$18,300$17,787$17,292$16,816$14,875
4 years$13,985$13,453$12,944$12,458$11,993$10,138
5 years$11,076$10,547$10,045$9,569$9,117$7,352
6 years$9,137$8,613$8,118$7,652$7,214$5,540
7 years$7,753$7,233$6,746$6,291$5,867$4,284
8 years$6,716$6,200$5,721$5,278$4,867$3,373
9 years$5,909$5,398$4,928$4,495$4,099$2,692
10 years$5,264$4,758$4,296$3,875$3,492$2,171
11 years$4,737$4,236$3,782$3,373$3,004$1,764
12 years$4,298$3,802$3,357$2,958$2,603$1,443
13 years$3,926$3,436$2,999$2,612$2,270$1,186
14 years$3,608$3,123$2,695$2,318$1,990$978
15 years$3,333$2,853$2,433$2,067$1,752$810
16 years$3,092$2,618$2,206$1,851$1,548$672
17 years$2,880$2,411$2,007$1,663$1,373$559
18 years$2,692$2,228$1,832$1,499$1,221$465
19 years$2,524$2,064$1,677$1,354$1,088$388
20 years$2,372$1,918$1,539$1,227$972$324
21 years$2,236$1,787$1,416$1,113$870$271
22 years$2,111$1,668$1,305$1,012$780$227
23 years$1,998$1,560$1,205$922$700$190
24 years$1,895$1,462$1,114$841$629$159
25 years$1,800$1,372$1,032$768$566$133
26 years$1,712$1,289$957$702$510$112
27 years$1,631$1,213$889$643$460$94
28 years$1,556$1,143$826$589$415$79
29 years$1,486$1,079$769$540$374$66
30 years$1,421$1,019$716$496$338$55
31 years$1,360$963$668$455$306$47
32 years$1,303$911$623$418$277$39
33 years$1,250$863$582$385$250$33
34 years$1,200$818$544$354$227$28
35 years$1,153$776$508$326$205$23
36 years$1,109$736$475$300$186$19
37 years$1,067$699$445$276$169$16
38 years$1,027$664$417$255$153$14
39 years$990$632$390$235$139$12
40 years$954$601$366$217$126$10
41 years$921$572$343$200$114$8
42 years$889$545$322$185$104$7
43 years$858$519$302$170$94$6
44 years$829$495$283$157$85$5
45 years$802$472$266$145$77$4
46 years$775$450$250$134$70$3
47 years$750$430$235$124$64$3
48 years$726$410$221$115$58$2
49 years$703$392$207$106$53$2
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 $698,000, adding $4,895 every year, while hoping to spend $45,842 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: 74/11/15 Blend
44$698,000$698,000$698,000$698,000
45$774,245$737,251$726,432$828,634
46$804,443$724,601$701,992$852,635
47$836,184$709,794$675,197$872,788
48$869,578$692,678$645,919$893,643
49$904,743$673,087$614,026$915,255
50$941,809$650,851$579,378$937,689
51$980,917$625,785$541,830$961,017
52$1,022,219$597,697$501,230$985,317
53$1,065,883$566,383$457,419$1,010,678
54$1,112,092$531,625$410,232$1,037,199
55$1,161,046$493,194$359,495$1,064,988
56$1,212,961$450,850$305,027$1,094,169
57$1,268,077$404,335$246,639$1,124,876
58$1,326,654$353,380$184,134$1,157,260
59$1,388,976$297,699$117,306$1,191,489
60$1,455,356$236,990$45,940$1,227,749
61$1,526,134$170,935$0$1,266,247
62$1,601,686$99,197$0$1,312,051
63$1,682,420$21,420$0$1,368,738
64$1,768,785$0$0$1,429,273
65$1,861,276$0$0$1,501,609
66$1,960,430$0$0$1,581,956
67$2,066,841$0$0$1,668,205
68$2,181,160$0$0$1,760,886
69$2,304,099$0$0$1,860,579
70$2,436,442$0$0$1,967,924
71$2,579,050$0$0$2,083,621
72$2,732,868$0$0$2,208,441
73$2,898,934$0$0$2,343,230
74$3,078,389$0$0$2,488,917
75$3,272,488$0$0$2,646,525
76$3,482,607$0$0$2,817,176
77$3,710,263$0$0$3,002,106
78$3,957,122$0$0$3,202,673
79$4,225,015$0$0$3,420,370
80$4,515,958$0$0$3,656,839
81$4,832,166$0$0$3,913,886
82$5,176,078$0$0$4,193,501
83$5,550,377$0$0$4,497,868
84$5,958,015$0$0$4,829,395
85$6,402,238$0$0$5,190,729
86$6,886,622$0$0$5,584,784
87$7,415,101$0$0$6,014,768
88$7,992,005$0$0$6,484,211
89$8,622,101$0$0$6,996,999
90$9,310,637$0$0$7,557,410
91$10,063,390$0$0$8,170,155
92$10,886,719$0$0$8,840,419
93$11,787,630$0$0$9,573,913
94$12,773,833$0$0$10,376,924
95$13,853,821$0$0$11,256,377
96$15,036,945$0$0$12,219,894
97$16,333,503$0$0$13,275,875
98$17,754,839$0$0$14,433,567
99$19,313,443$0$0$15,703,155
100$21,023,074$0$0$17,095,858