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%13.5%
1 years$57,971$57,454$56,950$56,459$55,978$55,165
2 years$28,698$28,164$27,646$27,144$26,656$25,838
3 years$18,942$18,405$17,889$17,391$16,912$16,115
4 years$14,065$13,530$13,018$12,529$12,062$11,292
5 years$11,140$10,608$10,103$9,624$9,169$8,429
6 years$9,190$8,662$8,165$7,696$7,255$6,545
7 years$7,798$7,274$6,785$6,327$5,900$5,221
8 years$6,754$6,235$5,754$5,308$4,895$4,246
9 years$5,943$5,429$4,956$4,521$4,122$3,503
10 years$5,294$4,785$4,321$3,897$3,512$2,923
11 years$4,764$4,260$3,804$3,392$3,021$2,460
12 years$4,322$3,824$3,376$2,975$2,618$2,086
13 years$3,949$3,456$3,016$2,627$2,283$1,779
14 years$3,629$3,141$2,710$2,332$2,001$1,524
15 years$3,352$2,869$2,447$2,079$1,762$1,311
16 years$3,110$2,633$2,218$1,862$1,557$1,131
17 years$2,897$2,424$2,019$1,673$1,381$979
18 years$2,707$2,240$1,843$1,508$1,228$849
19 years$2,538$2,076$1,687$1,362$1,094$738
20 years$2,386$1,929$1,548$1,234$977$643
21 years$2,248$1,797$1,424$1,120$875$561
22 years$2,124$1,678$1,312$1,018$784$489
23 years$2,010$1,569$1,212$927$704$428
24 years$1,906$1,470$1,121$846$633$374
25 years$1,810$1,380$1,038$772$569$328
26 years$1,722$1,297$963$706$513$287
27 years$1,640$1,220$894$646$462$252
28 years$1,565$1,150$831$592$417$221
29 years$1,494$1,085$773$543$377$194
30 years$1,429$1,024$720$498$340$171
31 years$1,368$968$672$458$308$150
32 years$1,311$916$627$421$278$132
33 years$1,257$868$585$387$252$116
34 years$1,207$822$547$356$228$102
35 years$1,160$780$511$328$207$90
36 years$1,115$740$478$302$187$79
37 years$1,073$703$447$278$170$69
38 years$1,033$668$419$256$154$61
39 years$995$635$393$236$139$54
40 years$960$605$368$218$126$47
41 years$926$576$345$201$115$42
42 years$894$548$324$186$104$37
43 years$863$522$304$171$94$32
44 years$834$498$285$158$86$28
45 years$806$475$268$146$78$25
46 years$780$453$251$135$71$22
47 years$755$432$236$125$64$19
48 years$731$413$222$115$58$17
49 years$707$394$209$106$53$15
50 years$685$376$196$98$48$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $702,000, adding $3,942 every year, while hoping to spend $36,321 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: 68/24/8 Blend
44$702,000$702,000$702,000$702,000
45$777,670$740,464$729,583$829,155
46$818,347$738,102$715,379$861,447
47$861,956$734,406$699,482$891,983
48$908,757$729,274$681,796$924,405
49$959,037$722,595$662,223$958,891
50$1,013,109$714,252$640,658$995,640
51$1,071,319$704,123$616,992$1,034,868
52$1,134,044$692,076$591,112$1,076,818
53$1,201,701$677,972$562,899$1,121,757
54$1,274,747$661,665$532,228$1,169,980
55$1,353,683$642,998$498,970$1,221,813
56$1,439,062$621,808$462,988$1,277,617
57$1,531,489$597,919$424,141$1,337,791
58$1,631,631$571,148$382,280$1,402,777
59$1,740,221$541,298$337,250$1,473,060
60$1,858,066$508,164$288,891$1,549,181
61$1,986,052$471,528$237,032$1,631,735
62$2,125,155$431,157$181,497$1,721,379
63$2,276,446$386,809$122,103$1,818,843
64$2,441,106$338,226$58,656$1,924,928
65$2,620,434$285,134$0$2,040,524
66$2,815,860$227,247$0$2,167,385
67$3,028,955$164,260$0$2,311,215
68$3,261,451$95,851$0$2,468,218
69$3,515,253$21,682$0$2,639,737
70$3,792,459$0$0$2,827,254
71$4,095,377$0$0$3,047,880
72$4,426,550$0$0$3,295,385
73$4,788,776$0$0$3,566,139
74$5,185,136$0$0$3,862,451
75$5,619,024$0$0$4,186,862
76$6,094,176$0$0$4,542,172
77$6,614,708$0$0$4,931,464
78$7,185,149$0$0$5,358,132
79$7,810,492$0$0$5,825,916
80$8,496,232$0$0$6,338,933
81$9,248,423$0$0$6,901,719
82$10,073,733$0$0$7,519,270
83$10,979,507$0$0$8,197,089
84$11,973,835$0$0$8,941,237
85$13,065,628$0$0$9,758,392
86$14,264,704$0$0$10,655,909
87$15,581,877$0$0$11,641,890
88$17,029,059$0$0$12,725,263
89$18,619,376$0$0$13,915,860
90$20,367,286$0$0$15,224,516
91$22,288,718$0$0$16,663,166
92$24,401,221$0$0$18,244,960
93$26,724,130$0$0$19,984,384
94$29,278,745$0$0$21,897,400
95$32,088,538$0$0$24,001,594
96$35,179,365$0$0$26,316,341
97$38,579,716$0$0$28,862,990
98$42,320,984$0$0$31,665,062
99$46,437,754$0$0$34,748,475
100$50,968,135$0$0$38,141,782