Can I retire at age 45 with 704,000?

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 $704,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$58,136$57,618$57,113$56,619$56,138$54,297
2 years$28,780$28,244$27,725$27,221$26,732$24,896
3 years$18,996$18,458$17,940$17,441$16,960$15,185
4 years$14,105$13,568$13,055$12,565$12,096$10,396
5 years$11,171$10,638$10,132$9,651$9,195$7,575
6 years$9,216$8,687$8,188$7,718$7,276$5,736
7 years$7,820$7,295$6,804$6,345$5,917$4,458
8 years$6,773$6,253$5,770$5,323$4,909$3,530
9 years$5,960$5,444$4,970$4,534$4,134$2,833
10 years$5,309$4,799$4,333$3,908$3,522$2,297
11 years$4,777$4,272$3,815$3,401$3,029$1,878
12 years$4,335$3,835$3,385$2,984$2,625$1,545
13 years$3,960$3,465$3,025$2,634$2,289$1,277
14 years$3,639$3,150$2,718$2,338$2,007$1,060
15 years$3,362$2,877$2,454$2,085$1,767$883
16 years$3,119$2,640$2,225$1,867$1,562$738
17 years$2,905$2,431$2,024$1,678$1,385$618
18 years$2,715$2,247$1,848$1,512$1,231$518
19 years$2,545$2,082$1,692$1,366$1,097$435
20 years$2,393$1,935$1,553$1,237$980$366
21 years$2,255$1,802$1,428$1,123$877$308
22 years$2,130$1,682$1,316$1,021$786$260
23 years$2,015$1,573$1,215$930$706$219
24 years$1,911$1,474$1,124$848$634$185
25 years$1,815$1,384$1,041$774$571$156
26 years$1,727$1,300$965$708$514$132
27 years$1,645$1,224$897$648$464$111
28 years$1,569$1,153$833$594$418$94
29 years$1,499$1,088$776$545$378$80
30 years$1,433$1,027$722$500$341$67
31 years$1,372$971$673$459$309$57
32 years$1,314$919$628$422$279$48
33 years$1,261$870$587$388$253$41
34 years$1,210$825$548$357$229$34
35 years$1,163$782$513$329$207$29
36 years$1,118$743$479$303$188$25
37 years$1,076$705$449$279$170$21
38 years$1,036$670$420$257$154$18
39 years$998$637$394$237$140$15
40 years$962$606$369$219$127$13
41 years$929$577$346$202$115$11
42 years$896$550$325$186$104$9
43 years$866$524$305$172$95$8
44 years$836$499$286$159$86$7
45 years$809$476$268$146$78$6
46 years$782$454$252$135$71$5
47 years$757$433$237$125$64$4
48 years$733$414$223$116$58$3
49 years$709$395$209$107$53$3
50 years$687$377$197$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $704,000, adding $4,637 every year, while hoping to spend $29,497 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: 62/15/23 Blend
44$704,000$704,000$704,000$704,000
45$780,591$743,279$732,367$823,999
46$828,827$748,315$725,517$858,951
47$880,994$752,609$717,448$893,429
48$937,462$756,094$708,090$930,414
49$998,639$758,698$697,366$970,155
50$1,064,970$760,344$685,198$1,012,927
51$1,136,948$760,952$671,503$1,059,033
52$1,215,113$760,436$656,195$1,108,809
53$1,300,060$758,703$639,183$1,162,625
54$1,392,444$755,656$620,373$1,220,891
55$1,492,984$751,194$599,666$1,284,059
56$1,602,471$745,206$576,959$1,352,627
57$1,721,779$737,576$552,142$1,427,149
58$1,851,865$728,182$525,104$1,508,233
59$1,993,786$716,894$495,725$1,596,551
60$2,148,703$703,573$463,883$1,692,847
61$2,317,895$688,072$429,448$1,797,942
62$2,502,771$670,238$392,285$1,912,739
63$2,704,881$649,907$352,253$2,038,241
64$2,925,930$626,904$309,205$2,175,550
65$3,167,799$601,046$262,988$2,325,885
66$3,432,557$572,140$213,440$2,490,591
67$3,722,481$539,978$160,393$2,671,153
68$4,040,081$504,345$103,674$2,869,209
69$4,388,121$465,009$43,099$3,086,569
70$4,769,644$421,728$0$3,325,227
71$5,188,000$374,246$0$3,592,674
72$5,646,883$322,290$0$3,897,683
73$6,150,357$265,575$0$4,232,399
74$6,702,901$203,796$0$4,599,835
75$7,309,449$136,634$0$5,003,309
76$7,975,435$63,751$0$5,446,482
77$8,706,845$0$0$5,933,386
78$9,510,272$0$0$6,470,978
79$10,392,982$0$0$7,073,236
80$11,362,978$0$0$7,735,105
81$12,429,075$0$0$8,462,606
82$13,600,987$0$0$9,262,376
83$14,889,415$0$0$10,141,725
84$16,306,148$0$0$11,108,707
85$17,864,175$0$0$12,172,196
86$19,577,807$0$0$13,341,968
87$21,462,811$0$0$14,628,795
88$23,536,559$0$0$16,044,546
89$25,818,193$0$0$17,602,298
90$28,328,803$0$0$19,316,458
91$31,091,625$0$0$21,202,903
92$34,132,263$0$0$23,279,124
93$37,478,928$0$0$25,564,396
94$41,162,707$0$0$28,079,956
95$45,217,851$0$0$30,849,204
96$49,682,100$0$0$33,897,927
97$54,597,042$0$0$37,254,535
98$60,008,499$0$0$40,950,336
99$65,966,966$0$0$45,019,828
100$72,528,082$0$0$49,501,024