Can I retire at age 45 with 700,000?

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 $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%20%
1 years$57,805$57,290$56,788$56,298$55,819$53,583
2 years$28,617$28,084$27,567$27,066$26,580$24,356
3 years$18,888$18,353$17,838$17,342$16,864$14,721
4 years$14,025$13,491$12,981$12,494$12,027$9,982
5 years$11,108$10,577$10,074$9,596$9,143$7,200
6 years$9,164$8,637$8,141$7,674$7,235$5,396
7 years$7,776$7,254$6,765$6,309$5,884$4,149
8 years$6,735$6,218$5,738$5,293$4,881$3,248
9 years$5,926$5,414$4,942$4,508$4,111$2,576
10 years$5,279$4,772$4,308$3,886$3,502$2,064
11 years$4,750$4,248$3,793$3,382$3,012$1,667
12 years$4,310$3,813$3,366$2,967$2,610$1,354
13 years$3,938$3,446$3,008$2,619$2,276$1,105
14 years$3,619$3,132$2,702$2,325$1,995$905
15 years$3,343$2,861$2,440$2,073$1,757$744
16 years$3,101$2,625$2,212$1,857$1,553$613
17 years$2,889$2,418$2,013$1,668$1,377$506
18 years$2,700$2,234$1,837$1,503$1,224$418
19 years$2,531$2,070$1,682$1,358$1,091$346
20 years$2,379$1,924$1,544$1,230$975$287
21 years$2,242$1,792$1,420$1,117$872$238
22 years$2,117$1,673$1,309$1,015$782$198
23 years$2,004$1,565$1,208$925$702$164
24 years$1,900$1,466$1,118$843$631$137
25 years$1,805$1,376$1,035$770$568$114
26 years$1,717$1,293$960$704$511$94
27 years$1,635$1,217$891$645$461$79
28 years$1,560$1,147$829$591$416$65
29 years$1,490$1,082$771$542$376$54
30 years$1,425$1,021$718$497$339$45
31 years$1,364$966$670$456$307$38
32 years$1,307$914$625$419$278$31
33 years$1,254$865$583$386$251$26
34 years$1,203$820$545$355$227$22
35 years$1,156$778$510$327$206$18
36 years$1,112$738$477$301$187$15
37 years$1,070$701$446$277$169$13
38 years$1,030$666$418$256$153$11
39 years$993$634$391$236$139$9
40 years$957$603$367$217$126$7
41 years$923$574$344$201$114$6
42 years$891$547$323$185$104$5
43 years$861$521$303$171$94$4
44 years$832$496$284$158$86$4
45 years$804$473$267$146$78$3
46 years$778$452$251$135$70$2
47 years$753$431$236$124$64$2
48 years$728$411$221$115$58$2
49 years$705$393$208$106$53$1
50 years$683$375$196$98$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $700,000, adding $3,446 every year, while hoping to spend $52,931 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: 39/40/21 Blend
44$700,000$700,000$700,000$700,000
45$774,955$737,855$727,005$800,213
46$797,682$717,691$695,041$798,560
47$820,953$694,766$660,233$791,505
48$844,768$668,887$622,428$782,798
49$869,125$639,853$581,470$772,319
50$894,019$607,449$537,193$759,941
51$919,444$571,449$489,424$745,529
52$945,391$531,614$437,983$728,938
53$971,847$487,689$382,682$710,018
54$998,798$439,409$323,324$688,606
55$1,026,224$386,488$259,704$664,531
56$1,054,102$328,630$191,608$637,611
57$1,082,405$265,517$118,811$607,655
58$1,111,100$196,817$41,081$574,456
59$1,140,148$122,176$0$537,797
60$1,169,503$41,223$0$506,831
61$1,199,114$0$0$482,364
62$1,228,921$0$0$475,418
63$1,258,854$0$0$486,621
64$1,288,834$0$0$497,793
65$1,318,772$0$0$508,892
66$1,348,566$0$0$519,873
67$1,378,100$0$0$530,685
68$1,407,244$0$0$541,270
69$1,435,851$0$0$551,564
70$1,463,756$0$0$561,492
71$1,490,772$0$0$570,974
72$1,516,692$0$0$579,917
73$1,541,283$0$0$588,220
74$1,564,283$0$0$595,768
75$1,585,401$0$0$602,433
76$1,604,313$0$0$608,075
77$1,620,656$0$0$612,534
78$1,634,025$0$0$615,634
79$1,643,973$0$0$617,180
80$1,649,998$0$0$616,954
81$1,651,546$0$0$614,716
82$1,647,998$0$0$610,196
83$1,638,671$0$0$603,098
84$1,622,804$0$0$593,091
85$1,599,553$0$0$579,811
86$1,567,984$0$0$562,853
87$1,527,061$0$0$541,768
88$1,475,637$0$0$516,059
89$1,412,442$0$0$485,177
90$1,336,069$0$0$448,515
91$1,244,962$0$0$405,399
92$1,137,399$0$0$355,087
93$1,011,476$0$0$296,755
94$865,089$0$0$229,495
95$695,909$0$0$152,302
96$501,364$0$0$64,067
97$278,611$0$0$0
98$24,509$0$0$0
99$0$0$0$0
100$0$0$0$0