Can I retire at age 45 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$57,805$57,290$56,788$56,298$55,819$54,381
2 years$28,617$28,084$27,567$27,066$26,580$25,142
3 years$18,888$18,353$17,838$17,342$16,864$15,469
4 years$14,025$13,491$12,981$12,494$12,027$10,687
5 years$11,108$10,577$10,074$9,596$9,143$7,861
6 years$9,164$8,637$8,141$7,674$7,235$6,012
7 years$7,776$7,254$6,765$6,309$5,884$4,721
8 years$6,735$6,218$5,738$5,293$4,881$3,777
9 years$5,926$5,414$4,942$4,508$4,111$3,065
10 years$5,279$4,772$4,308$3,886$3,502$2,513
11 years$4,750$4,248$3,793$3,382$3,012$2,078
12 years$4,310$3,813$3,366$2,967$2,610$1,730
13 years$3,938$3,446$3,008$2,619$2,276$1,448
14 years$3,619$3,132$2,702$2,325$1,995$1,217
15 years$3,343$2,861$2,440$2,073$1,757$1,027
16 years$3,101$2,625$2,212$1,857$1,553$869
17 years$2,889$2,418$2,013$1,668$1,377$737
18 years$2,700$2,234$1,837$1,503$1,224$626
19 years$2,531$2,070$1,682$1,358$1,091$533
20 years$2,379$1,924$1,544$1,230$975$455
21 years$2,242$1,792$1,420$1,117$872$388
22 years$2,117$1,673$1,309$1,015$782$332
23 years$2,004$1,565$1,208$925$702$284
24 years$1,900$1,466$1,118$843$631$243
25 years$1,805$1,376$1,035$770$568$208
26 years$1,717$1,293$960$704$511$178
27 years$1,635$1,217$891$645$461$153
28 years$1,560$1,147$829$591$416$131
29 years$1,490$1,082$771$542$376$113
30 years$1,425$1,021$718$497$339$97
31 years$1,364$966$670$456$307$83
32 years$1,307$914$625$419$278$71
33 years$1,254$865$583$386$251$61
34 years$1,203$820$545$355$227$53
35 years$1,156$778$510$327$206$45
36 years$1,112$738$477$301$187$39
37 years$1,070$701$446$277$169$33
38 years$1,030$666$418$256$153$29
39 years$993$634$391$236$139$25
40 years$957$603$367$217$126$21
41 years$923$574$344$201$114$18
42 years$891$547$323$185$104$16
43 years$861$521$303$171$94$13
44 years$832$496$284$158$86$12
45 years$804$473$267$146$78$10
46 years$778$452$251$135$70$9
47 years$753$431$236$124$64$7
48 years$728$411$221$115$58$6
49 years$705$393$208$106$53$5
50 years$683$375$196$98$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $700,000, adding $6,499 every year, while hoping to spend $38,149 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: 82/6/12 Blend
44$700,000$700,000$700,000$700,000
45$778,104$741,004$730,154$839,711
46$816,880$736,723$714,024$876,766
47$858,333$730,953$696,075$911,751
48$902,695$723,582$676,205$949,030
49$950,222$714,490$654,310$988,812
50$1,001,193$703,548$630,278$1,031,330
51$1,055,916$690,623$603,994$1,076,838
52$1,114,728$675,572$575,336$1,125,616
53$1,177,998$658,243$544,177$1,177,974
54$1,246,133$638,476$510,387$1,234,253
55$1,319,579$616,102$473,825$1,294,828
56$1,398,827$590,942$434,349$1,360,113
57$1,484,414$562,805$391,807$1,430,564
58$1,576,933$531,491$346,041$1,506,683
59$1,677,034$496,787$296,886$1,589,026
60$1,785,431$458,470$244,172$1,678,202
61$1,902,911$416,301$187,718$1,774,885
62$2,030,338$370,030$127,337$1,879,817
63$2,168,663$319,391$62,832$1,993,816
64$2,318,930$264,105$0$2,117,784
65$2,482,291$203,876$0$2,253,484
66$2,660,009$138,390$0$2,409,878
67$2,853,477$67,318$0$2,580,151
68$3,064,226$0$0$2,765,663
69$3,293,942$0$0$2,968,556
70$3,544,480$0$0$3,194,700
71$3,817,881$0$0$3,441,497
72$4,116,392$0$0$3,710,977
73$4,442,489$0$0$4,005,374
74$4,798,893$0$0$4,327,150
75$5,188,603$0$0$4,679,015
76$5,614,921$0$0$5,063,950
77$6,081,481$0$0$5,485,240
78$6,592,286$0$0$5,946,502
79$7,151,744$0$0$6,451,718
80$7,764,709$0$0$7,005,274
81$8,436,526$0$0$7,612,001
82$9,173,082$0$0$8,277,218
83$9,980,862$0$0$9,006,784
84$10,867,008$0$0$9,807,153
85$11,839,385$0$0$10,685,432
86$12,906,659$0$0$11,649,450
87$14,078,375$0$0$12,707,833
88$15,365,045$0$0$13,870,081
89$16,778,252$0$0$15,146,658
90$18,330,754$0$0$16,549,093
91$20,036,607$0$0$18,090,088
92$21,911,295$0$0$19,783,633
93$23,971,875$0$0$21,645,143
94$26,237,142$0$0$23,691,599
95$28,727,801$0$0$25,941,712
96$31,466,662$0$0$28,416,094
97$34,478,859$0$0$31,137,455
98$37,792,082$0$0$34,130,816
99$41,436,840$0$0$37,423,747
100$45,446,747$0$0$41,046,622