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%11.3%
1 years$57,805$57,290$56,788$56,298$55,819$55,514
2 years$28,617$28,084$27,567$27,066$26,580$26,272
3 years$18,888$18,353$17,838$17,342$16,864$16,563
4 years$14,025$13,491$12,981$12,494$12,027$11,735
5 years$11,108$10,577$10,074$9,596$9,143$8,861
6 years$9,164$8,637$8,141$7,674$7,235$6,963
7 years$7,776$7,254$6,765$6,309$5,884$5,622
8 years$6,735$6,218$5,738$5,293$4,881$4,630
9 years$5,926$5,414$4,942$4,508$4,111$3,870
10 years$5,279$4,772$4,308$3,886$3,502$3,272
11 years$4,750$4,248$3,793$3,382$3,012$2,792
12 years$4,310$3,813$3,366$2,967$2,610$2,400
13 years$3,938$3,446$3,008$2,619$2,276$2,076
14 years$3,619$3,132$2,702$2,325$1,995$1,804
15 years$3,343$2,861$2,440$2,073$1,757$1,575
16 years$3,101$2,625$2,212$1,857$1,553$1,380
17 years$2,889$2,418$2,013$1,668$1,377$1,213
18 years$2,700$2,234$1,837$1,503$1,224$1,069
19 years$2,531$2,070$1,682$1,358$1,091$944
20 years$2,379$1,924$1,544$1,230$975$835
21 years$2,242$1,792$1,420$1,117$872$741
22 years$2,117$1,673$1,309$1,015$782$657
23 years$2,004$1,565$1,208$925$702$584
24 years$1,900$1,466$1,118$843$631$520
25 years$1,805$1,376$1,035$770$568$464
26 years$1,717$1,293$960$704$511$413
27 years$1,635$1,217$891$645$461$369
28 years$1,560$1,147$829$591$416$329
29 years$1,490$1,082$771$542$376$294
30 years$1,425$1,021$718$497$339$263
31 years$1,364$966$670$456$307$236
32 years$1,307$914$625$419$278$211
33 years$1,254$865$583$386$251$189
34 years$1,203$820$545$355$227$169
35 years$1,156$778$510$327$206$152
36 years$1,112$738$477$301$187$136
37 years$1,070$701$446$277$169$122
38 years$1,030$666$418$256$153$109
39 years$993$634$391$236$139$98
40 years$957$603$367$217$126$88
41 years$923$574$344$201$114$79
42 years$891$547$323$185$104$71
43 years$861$521$303$171$94$63
44 years$832$496$284$158$86$57
45 years$804$473$267$146$78$51
46 years$778$452$251$135$70$46
47 years$753$431$236$124$64$41
48 years$728$411$221$115$58$37
49 years$705$393$208$106$53$33
50 years$683$375$196$98$48$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $700,000, adding $5,916 every year, while hoping to spend $28,423 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: 48/36/16 Blend
44$700,000$700,000$700,000$700,000
45$777,502$740,402$729,552$811,073
46$826,566$746,440$723,751$840,961
47$879,681$751,821$716,802$870,009
48$937,231$756,483$708,637$900,932
49$999,638$760,360$699,186$933,917
50$1,067,365$763,382$688,373$969,170
51$1,140,922$765,473$676,119$1,006,919
52$1,220,869$766,554$662,341$1,047,418
53$1,307,823$766,541$646,955$1,090,947
54$1,402,463$765,343$629,870$1,137,815
55$1,505,535$762,866$610,992$1,188,367
56$1,617,861$759,008$590,222$1,242,982
57$1,740,346$753,662$567,457$1,302,082
58$1,873,984$746,715$542,590$1,366,132
59$2,019,871$738,044$515,507$1,435,647
60$2,179,213$727,523$486,092$1,511,198
61$2,353,337$715,017$454,220$1,593,415
62$2,543,705$700,380$419,764$1,682,996
63$2,751,925$683,461$382,589$1,780,713
64$2,979,771$664,100$342,554$1,887,418
65$3,229,191$642,125$299,514$2,004,056
66$3,502,336$617,355$253,314$2,131,668
67$3,801,569$589,601$203,796$2,271,409
68$4,129,497$558,660$150,791$2,424,552
69$4,488,990$524,318$94,126$2,592,505
70$4,883,206$486,349$33,619$2,776,826
71$5,315,628$444,514$0$2,979,233
72$5,790,087$398,561$0$3,206,911
73$6,310,808$348,223$0$3,463,142
74$6,882,442$293,217$0$3,744,536
75$7,510,112$233,246$0$4,053,689
76$8,199,463$167,994$0$4,393,467
77$8,956,712$97,130$0$4,767,035
78$9,788,709$20,302$0$5,177,882
79$10,703,000$0$0$5,629,860
80$11,707,898$0$0$6,152,119
81$12,812,560$0$0$6,735,154
82$14,027,078$0$0$7,376,256
83$15,362,567$0$0$8,081,306
84$16,831,275$0$0$8,856,780
85$18,446,695$0$0$9,709,814
86$20,223,695$0$0$10,648,272
87$22,178,655$0$0$11,680,817
88$24,329,624$0$0$12,816,993
89$26,696,487$0$0$14,067,318
90$29,301,155$0$0$15,443,380
91$32,167,770$0$0$16,957,949
92$35,322,934$0$0$18,625,093
93$38,795,958$0$0$20,460,314
94$42,619,137$0$0$22,480,696
95$46,828,060$0$0$24,705,059
96$51,461,938$0$0$27,154,144
97$56,563,980$0$0$29,850,805
98$62,181,798$0$0$32,820,224
99$68,367,855$0$0$36,090,149
100$75,179,960$0$0$39,691,158