Can I retire at age 45 with 703,000?

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 $703,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$58,053$57,536$57,031$56,539$56,058$55,705
2 years$28,739$28,204$27,685$27,182$26,694$26,338
3 years$18,969$18,432$17,914$17,416$16,936$16,588
4 years$14,085$13,549$13,037$12,547$12,079$11,741
5 years$11,155$10,623$10,117$9,637$9,182$8,856
6 years$9,203$8,674$8,176$7,707$7,266$6,951
7 years$7,809$7,285$6,794$6,336$5,909$5,607
8 years$6,764$6,244$5,762$5,316$4,902$4,612
9 years$5,951$5,437$4,963$4,528$4,128$3,851
10 years$5,302$4,792$4,327$3,903$3,517$3,252
11 years$4,771$4,266$3,809$3,397$3,025$2,771
12 years$4,328$3,829$3,381$2,979$2,621$2,379
13 years$3,954$3,460$3,020$2,630$2,286$2,055
14 years$3,634$3,145$2,714$2,335$2,004$1,784
15 years$3,357$2,873$2,450$2,082$1,764$1,556
16 years$3,115$2,636$2,221$1,864$1,559$1,361
17 years$2,901$2,428$2,021$1,675$1,383$1,194
18 years$2,711$2,244$1,845$1,510$1,229$1,051
19 years$2,542$2,079$1,689$1,364$1,096$927
20 years$2,389$1,932$1,550$1,236$979$819
21 years$2,252$1,800$1,426$1,121$876$725
22 years$2,127$1,680$1,314$1,020$785$643
23 years$2,013$1,571$1,214$928$705$571
24 years$1,908$1,472$1,122$847$633$507
25 years$1,812$1,382$1,039$773$570$451
26 years$1,724$1,298$964$707$513$402
27 years$1,643$1,222$895$647$463$358
28 years$1,567$1,151$832$593$418$319
29 years$1,497$1,086$774$544$377$285
30 years$1,431$1,026$721$499$341$254
31 years$1,370$970$673$458$308$227
32 years$1,313$918$627$421$279$203
33 years$1,259$869$586$387$252$181
34 years$1,209$824$547$356$228$162
35 years$1,161$781$512$328$207$145
36 years$1,117$741$479$302$187$130
37 years$1,074$704$448$278$170$116
38 years$1,035$669$420$257$154$104
39 years$997$636$393$237$140$93
40 years$961$605$369$218$127$83
41 years$927$576$346$201$115$75
42 years$895$549$324$186$104$67
43 years$864$523$304$172$95$60
44 years$835$499$286$158$86$54
45 years$807$475$268$146$78$48
46 years$781$454$252$135$71$43
47 years$756$433$237$125$64$39
48 years$732$413$222$115$58$35
49 years$708$395$209$107$53$31
50 years$686$377$196$99$48$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $703,000, adding $2,244 every year, while hoping to spend $41,235 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: 67/10/23 Blend
44$703,000$703,000$703,000$703,000
45$777,021$739,762$728,865$824,374
46$812,403$732,136$709,408$848,812
47$850,012$722,755$687,918$870,600
48$890,032$711,489$664,282$893,463
49$932,664$698,200$638,384$917,509
50$978,127$682,743$610,101$942,855
51$1,026,663$664,965$579,306$969,632
52$1,078,536$644,701$545,866$997,988
53$1,134,035$621,780$509,641$1,028,085
54$1,193,478$596,018$470,485$1,060,103
55$1,257,212$567,223$428,246$1,094,243
56$1,325,621$535,190$382,766$1,130,728
57$1,399,123$499,703$333,877$1,169,807
58$1,478,178$460,533$281,406$1,211,752
59$1,563,292$417,439$225,173$1,256,870
60$1,655,019$370,164$164,987$1,305,497
61$1,753,968$318,440$100,652$1,358,010
62$1,860,810$261,981$31,961$1,414,823
63$1,976,280$200,485$0$1,476,396
64$2,101,186$133,634$0$1,553,388
65$2,236,417$61,092$0$1,645,246
66$2,382,950$0$0$1,744,804
67$2,541,860$0$0$1,854,738
68$2,714,329$0$0$1,981,385
69$2,901,654$0$0$2,118,980
70$3,105,267$0$0$2,268,577
71$3,326,739$0$0$2,431,337
72$3,567,800$0$0$2,608,537
73$3,830,354$0$0$2,801,581
74$4,116,495$0$0$3,012,015
75$4,428,530$0$0$3,241,541
76$4,768,994$0$0$3,492,031
77$5,140,682$0$0$3,765,546
78$5,546,668$0$0$4,064,356
79$5,990,335$0$0$4,390,958
80$6,475,411$0$0$4,748,102
81$7,005,998$0$0$5,138,817
82$7,586,612$0$0$5,566,437
83$8,222,228$0$0$6,034,633
84$8,918,323$0$0$6,547,449
85$9,680,928$0$0$7,109,336
86$10,516,687$0$0$7,725,198
87$11,432,915$0$0$8,400,435
88$12,437,669$0$0$9,140,996
89$13,539,824$0$0$9,953,430
90$14,749,154$0$0$10,844,955
91$16,076,426$0$0$11,823,518
92$17,533,501$0$0$12,897,874
93$19,133,441$0$0$14,077,668
94$20,890,638$0$0$15,373,523
95$22,820,945$0$0$16,797,143
96$24,941,826$0$0$18,361,422
97$27,272,521$0$0$20,080,563
98$29,834,226$0$0$21,970,213
99$32,650,292$0$0$24,047,613
100$35,746,446$0$0$26,331,756