Can I retire at age 45 with 703,000?

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 $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%19.3%
1 years$58,053$57,536$57,031$56,539$56,058$53,962
2 years$28,739$28,204$27,685$27,182$26,694$24,606
3 years$18,969$18,432$17,914$17,416$16,936$14,922
4 years$14,085$13,549$13,037$12,547$12,079$10,154
5 years$11,155$10,623$10,117$9,637$9,182$7,352
6 years$9,203$8,674$8,176$7,707$7,266$5,531
7 years$7,809$7,285$6,794$6,336$5,909$4,269
8 years$6,764$6,244$5,762$5,316$4,902$3,356
9 years$5,951$5,437$4,963$4,528$4,128$2,674
10 years$5,302$4,792$4,327$3,903$3,517$2,152
11 years$4,771$4,266$3,809$3,397$3,025$1,745
12 years$4,328$3,829$3,381$2,979$2,621$1,424
13 years$3,954$3,460$3,020$2,630$2,286$1,168
14 years$3,634$3,145$2,714$2,335$2,004$962
15 years$3,357$2,873$2,450$2,082$1,764$794
16 years$3,115$2,636$2,221$1,864$1,559$658
17 years$2,901$2,428$2,021$1,675$1,383$546
18 years$2,711$2,244$1,845$1,510$1,229$454
19 years$2,542$2,079$1,689$1,364$1,096$378
20 years$2,389$1,932$1,550$1,236$979$315
21 years$2,252$1,800$1,426$1,121$876$262
22 years$2,127$1,680$1,314$1,020$785$219
23 years$2,013$1,571$1,214$928$705$183
24 years$1,908$1,472$1,122$847$633$153
25 years$1,812$1,382$1,039$773$570$128
26 years$1,724$1,298$964$707$513$107
27 years$1,643$1,222$895$647$463$90
28 years$1,567$1,151$832$593$418$75
29 years$1,497$1,086$774$544$377$63
30 years$1,431$1,026$721$499$341$53
31 years$1,370$970$673$458$308$44
32 years$1,313$918$627$421$279$37
33 years$1,259$869$586$387$252$31
34 years$1,209$824$547$356$228$26
35 years$1,161$781$512$328$207$22
36 years$1,117$741$479$302$187$18
37 years$1,074$704$448$278$170$15
38 years$1,035$669$420$257$154$13
39 years$997$636$393$237$140$11
40 years$961$605$369$218$127$9
41 years$927$576$346$201$115$8
42 years$895$549$324$186$104$6
43 years$864$523$304$172$95$5
44 years$835$499$286$158$86$4
45 years$807$475$268$146$78$4
46 years$781$454$252$135$71$3
47 years$756$433$237$125$64$3
48 years$732$413$222$115$58$2
49 years$708$395$209$107$53$2
50 years$686$377$196$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $703,000, adding $6,244 every year, while hoping to spend $24,218 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: 48/24/28 Blend
44$703,000$703,000$703,000$703,000
45$781,147$743,888$732,991$812,138
46$835,056$754,570$731,779$845,250
47$893,652$764,965$729,714$878,322
48$957,388$775,031$726,742$913,769
49$1,026,761$784,728$722,808$951,827
50$1,102,320$794,008$717,851$992,759
51$1,184,666$802,825$711,809$1,036,853
52$1,274,464$811,125$704,617$1,084,427
53$1,372,444$818,855$696,206$1,135,835
54$1,479,409$825,954$686,504$1,191,466
55$1,596,245$832,362$675,438$1,251,751
56$1,723,924$838,010$662,928$1,317,166
57$1,863,520$842,829$648,892$1,388,235
58$2,016,214$846,741$633,244$1,465,541
59$2,183,304$849,668$615,894$1,549,724
60$2,366,223$851,524$596,748$1,641,492
61$2,566,546$852,217$575,708$1,741,629
62$2,786,010$851,652$552,670$1,850,998
63$3,026,526$849,726$527,528$1,970,554
64$3,290,199$846,330$500,168$2,101,351
65$3,579,349$841,350$470,473$2,244,552
66$3,896,529$834,662$438,320$2,401,442
67$4,244,552$826,137$403,580$2,573,439
68$4,626,516$815,638$366,120$2,762,108
69$5,045,835$803,018$325,799$2,969,179
70$5,506,267$788,124$282,471$3,196,557
71$6,011,956$770,791$235,983$3,446,349
72$6,567,462$750,846$186,175$3,720,879
73$7,177,812$728,106$132,881$4,022,709
74$7,848,542$702,377$75,925$4,354,671
75$8,585,752$673,452$15,128$4,719,886
76$9,396,163$641,115$0$5,121,799
77$10,287,177$605,136$0$5,579,076
78$11,266,952$565,270$0$6,086,836
79$12,344,474$521,262$0$6,645,242
80$13,529,644$472,838$0$7,259,463
81$14,833,373$419,711$0$7,935,197
82$16,267,678$361,578$0$8,678,724
83$17,845,803$298,117$0$9,496,969
84$19,582,339$228,990$0$10,397,563
85$21,493,365$153,837$0$11,388,921
86$23,596,595$72,282$0$12,480,316
87$25,911,548$0$0$13,681,973
88$28,459,731$0$0$15,009,407
89$31,264,843$0$0$16,491,792
90$34,352,996$0$0$18,123,851
91$37,752,963$0$0$19,920,801
92$41,496,450$0$0$21,899,413
93$45,618,392$0$0$24,078,163
94$50,157,286$0$0$26,477,413
95$55,155,550$0$0$29,119,601
96$60,659,926$0$0$32,029,448
97$66,721,923$0$0$35,234,199
98$73,398,295$0$0$38,763,874
99$80,751,585$0$0$42,651,552
100$88,850,711$0$0$46,933,688