Can I retire at age 45 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$57,723$57,209$56,707$56,217$55,739$53,977
2 years$28,576$28,043$27,528$27,028$26,542$24,783
3 years$18,861$18,327$17,812$17,317$16,840$15,138
4 years$14,005$13,472$12,963$12,476$12,010$10,379
5 years$11,092$10,562$10,060$9,583$9,130$7,575
6 years$9,151$8,625$8,130$7,663$7,224$5,746
7 years$7,764$7,243$6,756$6,300$5,875$4,473
8 years$6,725$6,209$5,729$5,285$4,874$3,548
9 years$5,917$5,406$4,935$4,502$4,105$2,852
10 years$5,272$4,765$4,302$3,881$3,497$2,317
11 years$4,744$4,242$3,788$3,377$3,008$1,898
12 years$4,304$3,807$3,361$2,962$2,607$1,565
13 years$3,932$3,441$3,003$2,615$2,273$1,296
14 years$3,614$3,128$2,698$2,322$1,992$1,078
15 years$3,338$2,857$2,436$2,070$1,754$900
16 years$3,097$2,621$2,209$1,854$1,550$754
17 years$2,884$2,414$2,010$1,666$1,375$632
18 years$2,696$2,231$1,835$1,501$1,222$531
19 years$2,527$2,067$1,680$1,356$1,090$447
20 years$2,376$1,921$1,542$1,228$973$377
21 years$2,239$1,789$1,418$1,115$871$318
22 years$2,114$1,670$1,307$1,014$781$269
23 years$2,001$1,562$1,207$923$701$227
24 years$1,897$1,464$1,116$842$630$192
25 years$1,802$1,374$1,034$769$567$163
26 years$1,714$1,291$959$703$511$138
27 years$1,633$1,215$890$644$460$117
28 years$1,558$1,145$827$590$415$99
29 years$1,488$1,080$770$541$375$84
30 years$1,423$1,020$717$496$339$71
31 years$1,362$964$669$456$306$60
32 years$1,305$912$624$419$277$51
33 years$1,252$864$583$385$251$43
34 years$1,202$819$544$354$227$37
35 years$1,155$777$509$326$206$31
36 years$1,110$737$476$300$186$26
37 years$1,068$700$446$277$169$22
38 years$1,029$665$417$255$153$19
39 years$991$633$391$235$139$16
40 years$956$602$366$217$126$14
41 years$922$573$344$200$114$12
42 years$890$546$322$185$104$10
43 years$859$520$302$171$94$8
44 years$831$496$284$157$85$7
45 years$803$473$267$145$78$6
46 years$777$451$250$134$70$5
47 years$751$430$235$124$64$4
48 years$727$411$221$115$58$4
49 years$704$392$208$106$53$3
50 years$682$375$195$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $699,000, adding $6,330 every year, while hoping to spend $24,172 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: 30/44/26 Blend
44$699,000$699,000$699,000$699,000
45$776,827$739,780$728,946$793,750
46$830,345$750,311$727,647$817,917
47$888,511$760,547$725,494$841,342
48$951,775$770,449$722,433$866,056
49$1,020,629$779,975$718,408$892,187
50$1,095,618$789,078$713,359$919,877
51$1,177,338$797,710$707,224$949,285
52$1,266,447$805,818$699,937$980,587
53$1,363,670$813,349$691,430$1,013,978
54$1,469,803$820,241$681,632$1,049,675
55$1,585,723$826,434$670,467$1,087,919
56$1,712,396$831,858$657,857$1,128,978
57$1,850,885$836,444$643,720$1,173,148
58$2,002,361$840,115$627,969$1,220,757
59$2,168,111$842,790$610,516$1,272,171
60$2,349,556$844,384$591,266$1,327,793
61$2,548,258$844,806$570,120$1,388,072
62$2,765,936$843,958$546,975$1,453,505
63$3,004,488$841,738$521,725$1,524,641
64$3,265,999$838,036$494,256$1,602,091
65$3,552,768$832,738$464,451$1,686,528
66$3,867,328$825,719$432,187$1,778,701
67$4,212,466$816,850$397,336$1,879,437
68$4,591,254$805,992$359,764$1,989,652
69$5,007,076$793,000$319,330$2,110,358
70$5,463,659$777,718$275,888$2,242,678
71$5,965,107$759,981$229,286$2,387,852
72$6,515,945$739,616$179,363$2,547,252
73$7,121,153$716,439$125,953$2,722,394
74$7,786,220$690,255$68,883$2,914,959
75$8,517,194$660,857$7,970$3,126,799
76$9,320,736$628,026$0$3,359,967
77$10,204,184$591,534$0$3,632,551
78$11,175,626$551,134$0$3,934,622
79$12,243,969$506,568$0$4,266,793
80$13,419,029$457,565$0$4,632,181
81$14,711,619$403,835$0$5,034,228
82$16,133,655$345,073$0$5,476,732
83$17,698,264$280,958$0$5,963,885
84$19,419,910$211,149$0$6,500,310
85$21,314,533$135,287$0$7,091,110
86$23,399,691$52,991$0$7,741,914
87$25,694,734$0$0$8,458,935
88$28,220,982$0$0$9,266,521
89$31,001,927$0$0$10,183,907
90$34,063,454$0$0$11,193,990
91$37,434,086$0$0$12,306,198
92$41,145,251$0$0$13,530,920
93$45,231,581$0$0$14,879,602
94$49,731,237$0$0$16,364,858
95$54,686,268$0$0$18,000,588
96$60,143,008$0$0$19,802,108
97$66,152,517$0$0$21,786,295
98$72,771,055$0$0$23,971,746
99$80,060,621$0$0$26,378,956
100$88,089,529$0$0$29,030,507