Can I retire at age 45 with 699,000?

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 $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%12.2%
1 years$57,723$57,209$56,707$56,217$55,739$55,226
2 years$28,576$28,043$27,528$27,028$26,542$26,025
3 years$18,861$18,327$17,812$17,317$16,840$16,335
4 years$14,005$13,472$12,963$12,476$12,010$11,521
5 years$11,092$10,562$10,060$9,583$9,130$8,659
6 years$9,151$8,625$8,130$7,663$7,224$6,771
7 years$7,764$7,243$6,756$6,300$5,875$5,440
8 years$6,725$6,209$5,729$5,285$4,874$4,457
9 years$5,917$5,406$4,935$4,502$4,105$3,706
10 years$5,272$4,765$4,302$3,881$3,497$3,117
11 years$4,744$4,242$3,788$3,377$3,008$2,645
12 years$4,304$3,807$3,361$2,962$2,607$2,261
13 years$3,932$3,441$3,003$2,615$2,273$1,944
14 years$3,614$3,128$2,698$2,322$1,992$1,680
15 years$3,338$2,857$2,436$2,070$1,754$1,458
16 years$3,097$2,621$2,209$1,854$1,550$1,269
17 years$2,884$2,414$2,010$1,666$1,375$1,109
18 years$2,696$2,231$1,835$1,501$1,222$971
19 years$2,527$2,067$1,680$1,356$1,090$852
20 years$2,376$1,921$1,542$1,228$973$749
21 years$2,239$1,789$1,418$1,115$871$659
22 years$2,114$1,670$1,307$1,014$781$582
23 years$2,001$1,562$1,207$923$701$514
24 years$1,897$1,464$1,116$842$630$454
25 years$1,802$1,374$1,034$769$567$402
26 years$1,714$1,291$959$703$511$356
27 years$1,633$1,215$890$644$460$315
28 years$1,558$1,145$827$590$415$279
29 years$1,488$1,080$770$541$375$248
30 years$1,423$1,020$717$496$339$220
31 years$1,362$964$669$456$306$196
32 years$1,305$912$624$419$277$174
33 years$1,252$864$583$385$251$154
34 years$1,202$819$544$354$227$137
35 years$1,155$777$509$326$206$122
36 years$1,110$737$476$300$186$109
37 years$1,068$700$446$277$169$97
38 years$1,029$665$417$255$153$86
39 years$991$633$391$235$139$77
40 years$956$602$366$217$126$68
41 years$922$573$344$200$114$61
42 years$890$546$322$185$104$54
43 years$859$520$302$171$94$48
44 years$831$496$284$157$85$43
45 years$803$473$267$145$78$38
46 years$777$451$250$134$70$34
47 years$751$430$235$124$64$30
48 years$727$411$221$115$58$27
49 years$704$392$208$106$53$24
50 years$682$375$195$98$48$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $699,000, adding $5,034 every year, while hoping to spend $32,015 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: 63/18/19 Blend
44$699,000$699,000$699,000$699,000
45$775,491$738,444$727,609$820,289
46$820,527$740,564$717,920$853,173
47$869,084$741,714$706,834$885,010
48$921,487$741,815$694,269$919,031
49$978,093$740,779$680,142$955,451
50$1,039,296$738,514$664,364$994,509
51$1,105,527$734,924$646,843$1,036,469
52$1,177,260$729,904$627,481$1,081,620
53$1,255,017$723,347$606,179$1,130,285
54$1,339,373$715,134$582,830$1,182,820
55$1,430,958$705,145$557,323$1,239,618
56$1,530,466$693,247$529,544$1,301,114
57$1,638,660$679,303$499,370$1,367,787
58$1,756,381$663,167$466,677$1,440,170
59$1,884,553$644,683$431,332$1,518,847
60$2,024,192$623,687$393,196$1,604,468
61$2,176,419$600,007$352,127$1,697,748
62$2,342,463$573,457$307,973$1,799,479
63$2,523,682$543,844$260,578$1,910,534
64$2,721,568$510,962$209,777$2,031,878
65$2,937,762$474,594$155,399$2,164,577
66$3,174,074$434,509$97,265$2,309,808
67$3,432,494$390,465$35,189$2,468,871
68$3,715,216$342,205$0$2,643,202
69$4,024,652$289,457$0$2,840,682
70$4,363,461$231,934$0$3,064,786
71$4,734,569$169,335$0$3,310,348
72$5,141,201$101,338$0$3,579,545
73$5,586,906$27,606$0$3,874,777
74$6,075,594$0$0$4,198,691
75$6,611,571$0$0$4,564,548
76$7,199,580$0$0$4,971,973
77$7,844,845$0$0$5,419,123
78$8,553,121$0$0$5,909,993
79$9,330,746$0$0$6,448,982
80$10,184,703$0$0$7,040,937
81$11,122,684$0$0$7,691,198
82$12,153,162$0$0$8,405,646
83$13,285,471$0$0$9,190,761
84$14,529,895$0$0$10,053,682
85$15,897,764$0$0$11,002,272
86$17,401,559$0$0$12,045,197
87$19,055,031$0$0$13,192,002
88$20,873,330$0$0$14,453,204
89$22,873,148$0$0$15,840,391
90$25,072,876$0$0$17,366,329
91$27,492,776$0$0$19,045,085
92$30,155,174$0$0$20,892,157
93$33,084,667$0$0$22,924,621
94$36,308,359$0$0$25,161,292
95$39,856,114$0$0$27,622,902
96$43,760,834$0$0$30,332,294
97$48,058,777$0$0$33,314,637
98$52,789,892$0$0$36,597,666
99$57,998,198$0$0$40,211,938
100$63,732,199$0$0$44,191,128