Can I retire at age 45 with 701,000?

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 $701,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$57,888$57,372$56,869$56,378$55,899$54,973
2 years$28,657$28,124$27,606$27,105$26,618$25,688
3 years$18,915$18,379$17,863$17,366$16,888$15,982
4 years$14,045$13,511$13,000$12,511$12,045$11,171
5 years$11,124$10,592$10,088$9,610$9,156$8,316
6 years$9,177$8,650$8,153$7,685$7,245$6,440
7 years$7,787$7,264$6,775$6,318$5,892$5,123
8 years$6,745$6,226$5,746$5,300$4,888$4,154
9 years$5,934$5,421$4,949$4,515$4,116$3,418
10 years$5,287$4,779$4,315$3,892$3,507$2,843
11 years$4,757$4,254$3,798$3,387$3,016$2,385
12 years$4,316$3,818$3,371$2,971$2,614$2,016
13 years$3,943$3,451$3,012$2,623$2,279$1,713
14 years$3,624$3,136$2,706$2,328$1,998$1,463
15 years$3,347$2,865$2,443$2,076$1,759$1,254
16 years$3,106$2,629$2,215$1,859$1,555$1,078
17 years$2,893$2,421$2,016$1,670$1,379$930
18 years$2,703$2,237$1,840$1,505$1,226$804
19 years$2,534$2,073$1,685$1,360$1,093$696
20 years$2,382$1,927$1,546$1,232$976$604
21 years$2,245$1,795$1,422$1,118$873$525
22 years$2,121$1,675$1,311$1,017$783$456
23 years$2,007$1,567$1,210$926$703$397
24 years$1,903$1,468$1,119$844$632$346
25 years$1,807$1,378$1,037$771$568$302
26 years$1,719$1,295$961$705$512$264
27 years$1,638$1,219$893$645$462$230
28 years$1,562$1,148$830$591$417$201
29 years$1,492$1,083$772$542$376$176
30 years$1,427$1,023$719$498$340$154
31 years$1,366$967$671$457$307$135
32 years$1,309$915$626$420$278$118
33 years$1,255$867$584$386$252$103
34 years$1,205$821$546$355$228$90
35 years$1,158$779$510$327$206$79
36 years$1,113$739$477$301$187$69
37 years$1,071$702$447$278$169$61
38 years$1,032$667$418$256$154$53
39 years$994$635$392$236$139$47
40 years$958$604$367$218$126$41
41 years$925$575$345$201$115$36
42 years$892$547$323$185$104$31
43 years$862$522$303$171$94$28
44 years$833$497$285$158$86$24
45 years$805$474$267$146$78$21
46 years$779$452$251$135$71$19
47 years$754$432$236$124$64$16
48 years$729$412$222$115$58$14
49 years$706$393$208$106$53$13
50 years$684$376$196$98$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $701,000, adding $2,272 every year, while hoping to spend $41,299 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: 42/44/14 Blend
44$701,000$701,000$701,000$701,000
45$774,846$737,693$726,827$804,122
46$809,938$729,898$707,234$817,129
47$847,226$720,337$685,600$826,940
48$886,889$708,879$661,814$836,666
49$929,125$695,388$635,758$846,319
50$974,150$679,716$607,311$855,914
51$1,022,201$661,710$576,343$865,471
52$1,073,537$641,205$542,722$875,013
53$1,128,441$618,028$506,306$884,574
54$1,187,226$591,995$466,952$894,191
55$1,250,233$562,913$424,505$903,911
56$1,317,837$530,576$378,806$913,789
57$1,390,449$494,767$329,689$923,893
58$1,468,521$455,256$276,979$934,299
59$1,552,547$411,801$220,495$945,099
60$1,643,073$364,145$160,048$956,399
61$1,740,696$312,018$95,439$968,322
62$1,846,072$255,132$26,461$981,010
63$1,959,923$193,185$0$994,626
64$2,083,042$125,857$0$1,016,400
65$2,216,300$52,812$0$1,044,180
66$2,360,655$0$0$1,074,286
67$2,517,160$0$0$1,119,770
68$2,686,974$0$0$1,196,940
69$2,871,371$0$0$1,280,816
70$3,071,751$0$0$1,372,042
71$3,289,656$0$0$1,471,332
72$3,526,783$0$0$1,579,469
73$3,784,995$0$0$1,697,315
74$4,066,348$0$0$1,825,819
75$4,373,100$0$0$1,966,024
76$4,707,739$0$0$2,119,080
77$5,073,000$0$0$2,286,253
78$5,471,899$0$0$2,468,934
79$5,907,750$0$0$2,668,658
80$6,384,207$0$0$2,887,112
81$6,905,289$0$0$3,126,155
82$7,475,423$0$0$3,387,835
83$8,099,483$0$0$3,674,404
84$8,782,836$0$0$3,988,345
85$9,531,394$0$0$4,332,391
86$10,351,665$0$0$4,709,553
87$11,250,818$0$0$5,123,146
88$12,236,747$0$0$5,576,822
89$13,318,150$0$0$6,074,603
90$14,504,603$0$0$6,620,920
91$15,806,656$0$0$7,220,652
92$17,235,930$0$0$7,879,175
93$18,805,225$0$0$8,602,411
94$20,528,642$0$0$9,396,883
95$22,421,714$0$0$10,269,778
96$24,501,553$0$0$11,229,012
97$26,787,009$0$0$12,283,307
98$29,298,851$0$0$13,442,272
99$32,059,956$0$0$14,716,492
100$35,095,532$0$0$16,117,631