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%11.1%
1 years$58,053$57,536$57,031$56,539$56,058$55,799
2 years$28,739$28,204$27,685$27,182$26,694$26,432
3 years$18,969$18,432$17,914$17,416$16,936$16,680
4 years$14,085$13,549$13,037$12,547$12,079$11,830
5 years$11,155$10,623$10,117$9,637$9,182$8,942
6 years$9,203$8,674$8,176$7,707$7,266$7,034
7 years$7,809$7,285$6,794$6,336$5,909$5,686
8 years$6,764$6,244$5,762$5,316$4,902$4,688
9 years$5,951$5,437$4,963$4,528$4,128$3,923
10 years$5,302$4,792$4,327$3,903$3,517$3,321
11 years$4,771$4,266$3,809$3,397$3,025$2,837
12 years$4,328$3,829$3,381$2,979$2,621$2,442
13 years$3,954$3,460$3,020$2,630$2,286$2,115
14 years$3,634$3,145$2,714$2,335$2,004$1,841
15 years$3,357$2,873$2,450$2,082$1,764$1,609
16 years$3,115$2,636$2,221$1,864$1,559$1,412
17 years$2,901$2,428$2,021$1,675$1,383$1,242
18 years$2,711$2,244$1,845$1,510$1,229$1,096
19 years$2,542$2,079$1,689$1,364$1,096$969
20 years$2,389$1,932$1,550$1,236$979$859
21 years$2,252$1,800$1,426$1,121$876$763
22 years$2,127$1,680$1,314$1,020$785$678
23 years$2,013$1,571$1,214$928$705$604
24 years$1,908$1,472$1,122$847$633$538
25 years$1,812$1,382$1,039$773$570$480
26 years$1,724$1,298$964$707$513$429
27 years$1,643$1,222$895$647$463$383
28 years$1,567$1,151$832$593$418$343
29 years$1,497$1,086$774$544$377$307
30 years$1,431$1,026$721$499$341$275
31 years$1,370$970$673$458$308$246
32 years$1,313$918$627$421$279$221
33 years$1,259$869$586$387$252$198
34 years$1,209$824$547$356$228$178
35 years$1,161$781$512$328$207$160
36 years$1,117$741$479$302$187$143
37 years$1,074$704$448$278$170$129
38 years$1,035$669$420$257$154$116
39 years$997$636$393$237$140$104
40 years$961$605$369$218$127$93
41 years$927$576$346$201$115$84
42 years$895$549$324$186$104$75
43 years$864$523$304$172$95$68
44 years$835$499$286$158$86$61
45 years$807$475$268$146$78$55
46 years$781$454$252$135$71$49
47 years$756$433$237$125$64$44
48 years$732$413$222$115$58$40
49 years$708$395$209$107$53$36
50 years$686$377$196$99$48$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $703,000, adding $3,694 every year, while hoping to spend $22,475 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: 54/34/12 Blend
44$703,000$703,000$703,000$703,000
45$778,516$741,257$730,361$817,947
46$834,012$753,666$730,915$857,566
47$894,415$765,929$730,734$897,919
48$960,201$778,016$729,770$941,317
49$1,031,897$789,894$727,972$988,056
50$1,110,079$801,527$725,288$1,038,459
51$1,195,382$812,877$721,660$1,092,885
52$1,288,507$823,904$717,032$1,151,727
53$1,390,224$834,564$711,341$1,215,421
54$1,501,379$844,810$704,524$1,284,448
55$1,622,907$854,593$696,513$1,359,335
56$1,755,835$863,860$687,237$1,440,668
57$1,901,295$872,554$676,624$1,529,091
58$2,060,532$880,614$664,596$1,625,312
59$2,234,918$887,976$651,072$1,730,117
60$2,425,964$894,571$635,967$1,844,370
61$2,635,334$900,327$619,194$1,969,022
62$2,864,860$905,165$600,659$2,105,127
63$3,116,561$909,003$580,267$2,253,842
64$3,392,659$911,753$557,914$2,416,448
65$3,695,603$913,322$533,497$2,594,355
66$4,028,089$913,609$506,904$2,789,118
67$4,393,088$912,510$478,019$3,002,453
68$4,793,872$909,912$446,721$3,236,253
69$5,234,046$905,696$412,885$3,492,605
70$5,717,580$899,737$376,379$3,773,810
71$6,248,849$891,900$337,063$4,082,407
72$6,832,672$882,043$294,795$4,421,194
73$7,474,358$870,016$249,424$4,793,260
74$8,179,755$855,660$200,792$5,202,008
75$8,955,308$838,805$148,737$5,651,193
76$9,808,116$819,273$93,086$6,144,954
77$10,746,000$796,873$33,660$6,687,855
78$11,777,578$771,406$0$7,284,932
79$12,912,345$742,659$0$7,945,543
80$14,160,761$710,407$0$8,676,847
81$15,534,355$674,412$0$9,481,303
82$17,045,824$634,424$0$10,366,378
83$18,709,162$590,175$0$11,340,304
84$20,539,788$541,385$0$12,412,157
85$22,554,690$487,756$0$13,591,940
86$24,772,587$428,975$0$14,890,679
87$27,214,105$364,709$0$16,320,531
88$29,901,972$294,607$0$17,894,895
89$32,861,230$218,300$0$19,628,540
90$36,119,473$135,395$0$21,537,749
91$39,707,109$45,479$0$23,640,467
92$43,657,643$0$0$25,956,479
93$48,007,994$0$0$28,527,000
94$52,798,844$0$0$31,376,629
95$58,075,024$0$0$34,515,026
96$63,885,930$0$0$37,971,586
97$70,285,998$0$0$41,778,701
98$77,335,209$0$0$45,972,062
99$85,099,662$0$0$50,591,002
100$93,652,190$0$0$55,678,862