Can I retire at age 45 with 702,000?

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 $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%13.7%
1 years$57,971$57,454$56,950$56,459$55,978$55,119
2 years$28,698$28,164$27,646$27,144$26,656$25,793
3 years$18,942$18,405$17,889$17,391$16,912$16,071
4 years$14,065$13,530$13,018$12,529$12,062$11,250
5 years$11,140$10,608$10,103$9,624$9,169$8,388
6 years$9,190$8,662$8,165$7,696$7,255$6,507
7 years$7,798$7,274$6,785$6,327$5,900$5,184
8 years$6,754$6,235$5,754$5,308$4,895$4,211
9 years$5,943$5,429$4,956$4,521$4,122$3,471
10 years$5,294$4,785$4,321$3,897$3,512$2,892
11 years$4,764$4,260$3,804$3,392$3,021$2,432
12 years$4,322$3,824$3,376$2,975$2,618$2,059
13 years$3,949$3,456$3,016$2,627$2,283$1,753
14 years$3,629$3,141$2,710$2,332$2,001$1,500
15 years$3,352$2,869$2,447$2,079$1,762$1,288
16 years$3,110$2,633$2,218$1,862$1,557$1,110
17 years$2,897$2,424$2,019$1,673$1,381$959
18 years$2,707$2,240$1,843$1,508$1,228$831
19 years$2,538$2,076$1,687$1,362$1,094$721
20 years$2,386$1,929$1,548$1,234$977$627
21 years$2,248$1,797$1,424$1,120$875$546
22 years$2,124$1,678$1,312$1,018$784$476
23 years$2,010$1,569$1,212$927$704$416
24 years$1,906$1,470$1,121$846$633$363
25 years$1,810$1,380$1,038$772$569$318
26 years$1,722$1,297$963$706$513$278
27 years$1,640$1,220$894$646$462$243
28 years$1,565$1,150$831$592$417$213
29 years$1,494$1,085$773$543$377$187
30 years$1,429$1,024$720$498$340$164
31 years$1,368$968$672$458$308$144
32 years$1,311$916$627$421$278$126
33 years$1,257$868$585$387$252$111
34 years$1,207$822$547$356$228$97
35 years$1,160$780$511$328$207$85
36 years$1,115$740$478$302$187$75
37 years$1,073$703$447$278$170$66
38 years$1,033$668$419$256$154$58
39 years$995$635$393$236$139$51
40 years$960$605$368$218$126$45
41 years$926$576$345$201$115$39
42 years$894$548$324$186$104$35
43 years$863$522$304$171$94$30
44 years$834$498$285$158$86$27
45 years$806$475$268$146$78$23
46 years$780$453$251$135$71$21
47 years$755$432$236$125$64$18
48 years$731$413$222$115$58$16
49 years$707$394$209$106$53$14
50 years$685$376$196$98$48$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $702,000, adding $3,376 every year, while hoping to spend $57,521 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: 58/26/16 Blend
44$702,000$702,000$702,000$702,000
45$777,086$739,880$728,999$818,756
46$795,147$714,933$692,219$822,411
47$813,123$686,835$652,278$819,781
48$830,943$655,371$609,011$815,588
49$848,529$620,315$562,244$809,693
50$865,794$581,425$511,794$801,942
51$882,637$538,447$457,471$792,171
52$898,947$491,111$399,077$780,203
53$914,598$439,134$336,405$765,847
54$929,450$382,215$269,238$748,894
55$943,347$320,037$197,350$729,121
56$956,112$252,263$120,505$706,285
57$967,551$178,539$38,457$680,125
58$977,445$98,491$0$650,355
59$985,551$11,723$0$625,052
60$991,598$0$0$603,052
61$995,286$0$0$600,982
62$996,281$0$0$600,509
63$994,210$0$0$598,043
64$988,662$0$0$593,319
65$979,179$0$0$586,042
66$965,253$0$0$575,887
67$946,323$0$0$562,494
68$921,763$0$0$545,462
69$890,885$0$0$524,349
70$852,922$0$0$498,666
71$807,029$0$0$467,868
72$752,269$0$0$431,357
73$687,605$0$0$388,469
74$611,892$0$0$338,469
75$523,862$0$0$280,545
76$422,113$0$0$213,802
77$305,099$0$0$137,247
78$171,106$0$0$49,785
79$18,245$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0