Can I retire at age 45 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$57,971$57,454$56,950$56,459$55,978$54,670
2 years$28,698$28,164$27,646$27,144$26,656$25,345
3 years$18,942$18,405$17,889$17,391$16,912$15,639
4 years$14,065$13,530$13,018$12,529$12,062$10,838
5 years$11,140$10,608$10,103$9,624$9,169$7,997
6 years$9,190$8,662$8,165$7,696$7,255$6,136
7 years$7,798$7,274$6,785$6,327$5,900$4,834
8 years$6,754$6,235$5,754$5,308$4,895$3,882
9 years$5,943$5,429$4,956$4,521$4,122$3,161
10 years$5,294$4,785$4,321$3,897$3,512$2,602
11 years$4,764$4,260$3,804$3,392$3,021$2,160
12 years$4,322$3,824$3,376$2,975$2,618$1,805
13 years$3,949$3,456$3,016$2,627$2,283$1,517
14 years$3,629$3,141$2,710$2,332$2,001$1,280
15 years$3,352$2,869$2,447$2,079$1,762$1,085
16 years$3,110$2,633$2,218$1,862$1,557$922
17 years$2,897$2,424$2,019$1,673$1,381$785
18 years$2,707$2,240$1,843$1,508$1,228$670
19 years$2,538$2,076$1,687$1,362$1,094$573
20 years$2,386$1,929$1,548$1,234$977$491
21 years$2,248$1,797$1,424$1,120$875$421
22 years$2,124$1,678$1,312$1,018$784$362
23 years$2,010$1,569$1,212$927$704$311
24 years$1,906$1,470$1,121$846$633$267
25 years$1,810$1,380$1,038$772$569$230
26 years$1,722$1,297$963$706$513$198
27 years$1,640$1,220$894$646$462$171
28 years$1,565$1,150$831$592$417$147
29 years$1,494$1,085$773$543$377$127
30 years$1,429$1,024$720$498$340$109
31 years$1,368$968$672$458$308$94
32 years$1,311$916$627$421$278$81
33 years$1,257$868$585$387$252$70
34 years$1,207$822$547$356$228$61
35 years$1,160$780$511$328$207$52
36 years$1,115$740$478$302$187$45
37 years$1,073$703$447$278$170$39
38 years$1,033$668$419$256$154$34
39 years$995$635$393$236$139$29
40 years$960$605$368$218$126$25
41 years$926$576$345$201$115$22
42 years$894$548$324$186$104$19
43 years$863$522$304$171$94$16
44 years$834$498$285$158$86$14
45 years$806$475$268$146$78$12
46 years$780$453$251$135$71$10
47 years$755$432$236$125$64$9
48 years$731$413$222$115$58$8
49 years$707$394$209$106$53$7
50 years$685$376$196$98$48$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $702,000, adding $5,437 every year, while hoping to spend $26,089 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: 68/22/10 Blend
44$702,000$702,000$702,000$702,000
45$779,212$742,006$731,125$830,244
46$830,933$750,606$727,859$873,435
47$887,056$758,753$723,610$917,005
48$948,001$766,397$718,316$963,967
49$1,014,232$773,485$711,914$1,014,649
50$1,086,258$779,961$704,339$1,069,415
51$1,164,642$785,765$695,519$1,128,663
52$1,250,000$790,831$685,383$1,192,834
53$1,343,011$795,093$673,855$1,262,412
54$1,444,422$798,477$660,854$1,337,934
55$1,555,057$800,907$646,296$1,419,989
56$1,675,821$802,299$630,095$1,509,229
57$1,807,711$802,567$612,159$1,606,369
58$1,951,823$801,619$592,392$1,712,202
59$2,109,366$799,356$570,694$1,827,600
60$2,281,670$795,673$546,961$1,953,524
61$2,470,199$790,459$521,083$2,091,035
62$2,676,566$783,598$492,946$2,241,303
63$2,902,546$774,965$462,430$2,405,617
64$3,150,094$764,427$429,410$2,585,399
65$3,421,365$751,844$393,756$2,782,217
66$3,718,728$737,069$355,331$2,997,800
67$4,044,797$719,944$313,994$3,234,054
68$4,402,448$700,303$269,594$3,493,082
69$4,794,849$677,969$221,977$3,777,201
70$5,225,491$652,757$170,980$4,088,967
71$5,698,218$624,468$116,434$4,431,197
72$6,217,264$592,895$58,163$4,806,999
73$6,787,294$557,816$0$5,219,798
74$7,413,447$518,999$0$5,673,802
75$8,101,384$476,195$0$6,179,395
76$8,857,342$429,145$0$6,734,978
77$9,688,190$377,572$0$7,345,636
78$10,601,497$321,185$0$8,016,974
79$11,605,603$259,677$0$8,755,169
80$12,709,695$192,721$0$9,567,030
81$13,923,893$119,974$0$10,460,064
82$15,259,352$41,074$0$11,442,543
83$16,728,356$0$0$12,523,586
84$18,344,444$0$0$13,723,984
85$20,122,532$0$0$15,055,699
86$22,079,053$0$0$16,521,104
87$24,232,117$0$0$18,133,766
88$26,601,675$0$0$19,908,636
89$29,209,710$0$0$21,862,187
90$32,080,448$0$0$24,012,571
91$35,240,578$0$0$26,379,789
92$38,719,510$0$0$28,985,877
93$42,549,653$0$0$31,855,120
94$46,766,714$0$0$35,014,275
95$51,410,040$0$0$38,492,827
96$56,522,989$0$0$42,323,264
97$62,153,336$0$0$46,541,388
98$68,353,726$0$0$51,186,646
99$75,182,169$0$0$56,302,509
100$82,702,589$0$0$61,936,877