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%13.7%
1 years$58,053$57,536$57,031$56,539$56,058$55,198
2 years$28,739$28,204$27,685$27,182$26,694$25,830
3 years$18,969$18,432$17,914$17,416$16,936$16,094
4 years$14,085$13,549$13,037$12,547$12,079$11,266
5 years$11,155$10,623$10,117$9,637$9,182$8,400
6 years$9,203$8,674$8,176$7,707$7,266$6,516
7 years$7,809$7,285$6,794$6,336$5,909$5,192
8 years$6,764$6,244$5,762$5,316$4,902$4,217
9 years$5,951$5,437$4,963$4,528$4,128$3,476
10 years$5,302$4,792$4,327$3,903$3,517$2,896
11 years$4,771$4,266$3,809$3,397$3,025$2,435
12 years$4,328$3,829$3,381$2,979$2,621$2,062
13 years$3,954$3,460$3,020$2,630$2,286$1,756
14 years$3,634$3,145$2,714$2,335$2,004$1,502
15 years$3,357$2,873$2,450$2,082$1,764$1,290
16 years$3,115$2,636$2,221$1,864$1,559$1,112
17 years$2,901$2,428$2,021$1,675$1,383$961
18 years$2,711$2,244$1,845$1,510$1,229$832
19 years$2,542$2,079$1,689$1,364$1,096$722
20 years$2,389$1,932$1,550$1,236$979$628
21 years$2,252$1,800$1,426$1,121$876$547
22 years$2,127$1,680$1,314$1,020$785$477
23 years$2,013$1,571$1,214$928$705$416
24 years$1,908$1,472$1,122$847$633$364
25 years$1,812$1,382$1,039$773$570$318
26 years$1,724$1,298$964$707$513$278
27 years$1,643$1,222$895$647$463$244
28 years$1,567$1,151$832$593$418$214
29 years$1,497$1,086$774$544$377$187
30 years$1,431$1,026$721$499$341$164
31 years$1,370$970$673$458$308$144
32 years$1,313$918$627$421$279$126
33 years$1,259$869$586$387$252$111
34 years$1,209$824$547$356$228$97
35 years$1,161$781$512$328$207$85
36 years$1,117$741$479$302$187$75
37 years$1,074$704$448$278$170$66
38 years$1,035$669$420$257$154$58
39 years$997$636$393$237$140$51
40 years$961$605$369$218$127$45
41 years$927$576$346$201$115$39
42 years$895$549$324$186$104$35
43 years$864$523$304$172$95$30
44 years$835$499$286$158$86$27
45 years$807$475$268$146$78$23
46 years$781$454$252$135$71$21
47 years$756$433$237$125$64$18
48 years$732$413$222$115$58$16
49 years$708$395$209$107$53$14
50 years$686$377$196$99$48$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $703,000, adding $2,741 every year, while hoping to spend $33,570 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: 50/23/27 Blend
44$703,000$703,000$703,000$703,000
45$777,533$740,274$729,378$810,354
46$821,124$740,830$718,094$834,107
47$868,035$740,287$705,307$856,336
48$918,570$738,557$690,930$879,835
49$973,064$735,545$674,876$904,739
50$1,031,880$731,151$657,048$931,200
51$1,095,422$725,268$637,350$959,387
52$1,164,132$717,783$615,677$989,486
53$1,238,495$708,575$591,924$1,021,707
54$1,319,045$697,519$565,977$1,056,281
55$1,406,369$684,479$537,718$1,093,468
56$1,501,112$669,312$507,026$1,133,554
57$1,603,986$651,868$473,771$1,176,859
58$1,715,769$631,987$437,820$1,223,736
59$1,837,323$609,499$399,031$1,274,578
60$1,969,590$584,226$357,260$1,329,824
61$2,113,613$555,977$312,352$1,389,958
62$2,270,534$524,552$264,149$1,455,516
63$2,441,613$489,740$212,482$1,527,096
64$2,628,235$451,315$157,178$1,605,358
65$2,831,927$409,042$98,056$1,691,035
66$3,054,368$362,668$34,924$1,784,940
67$3,297,405$311,931$0$1,887,970
68$3,563,074$256,549$0$2,010,472
69$3,853,615$196,228$0$2,155,544
70$4,171,495$130,654$0$2,314,398
71$4,519,431$59,499$0$2,488,451
72$4,900,413$0$0$2,679,266
73$5,317,735$0$0$2,893,020
74$5,775,024$0$0$3,143,820
75$6,276,276$0$0$3,418,806
76$6,825,890$0$0$3,720,401
77$7,428,712$0$0$4,051,275
78$8,090,078$0$0$4,414,367
79$8,815,869$0$0$4,812,914
80$9,612,559$0$0$5,250,485
81$10,487,283$0$0$5,731,007
82$11,447,896$0$0$6,258,810
83$12,503,056$0$0$6,838,660
84$13,662,297$0$0$7,475,810
85$14,936,125$0$0$8,176,048
86$16,336,112$0$0$8,945,747
87$17,875,008$0$0$9,791,932
88$19,566,858$0$0$10,722,340
89$21,427,138$0$0$11,745,495
90$23,472,896$0$0$12,870,792
91$25,722,919$0$0$14,108,576
92$28,197,900$0$0$15,470,252
93$30,920,644$0$0$16,968,380
94$33,916,275$0$0$18,616,802
95$37,212,474$0$0$20,430,769
96$40,839,743$0$0$22,427,085
97$44,831,688$0$0$24,624,265
98$49,225,340$0$0$27,042,710
99$54,061,500$0$0$29,704,901
100$59,385,127$0$0$32,635,605