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%13.7%
1 years$58,136$57,618$57,113$56,619$56,138$55,276
2 years$28,780$28,244$27,725$27,221$26,732$25,866
3 years$18,996$18,458$17,940$17,441$16,960$16,117
4 years$14,105$13,568$13,055$12,565$12,096$11,282
5 years$11,171$10,638$10,132$9,651$9,195$8,412
6 years$9,216$8,687$8,188$7,718$7,276$6,525
7 years$7,820$7,295$6,804$6,345$5,917$5,199
8 years$6,773$6,253$5,770$5,323$4,909$4,223
9 years$5,960$5,444$4,970$4,534$4,134$3,481
10 years$5,309$4,799$4,333$3,908$3,522$2,901
11 years$4,777$4,272$3,815$3,401$3,029$2,439
12 years$4,335$3,835$3,385$2,984$2,625$2,065
13 years$3,960$3,465$3,025$2,634$2,289$1,758
14 years$3,639$3,150$2,718$2,338$2,007$1,504
15 years$3,362$2,877$2,454$2,085$1,767$1,292
16 years$3,119$2,640$2,225$1,867$1,562$1,113
17 years$2,905$2,431$2,024$1,678$1,385$962
18 years$2,715$2,247$1,848$1,512$1,231$834
19 years$2,545$2,082$1,692$1,366$1,097$723
20 years$2,393$1,935$1,553$1,237$980$629
21 years$2,255$1,802$1,428$1,123$877$548
22 years$2,130$1,682$1,316$1,021$786$478
23 years$2,015$1,573$1,215$930$706$417
24 years$1,911$1,474$1,124$848$634$364
25 years$1,815$1,384$1,041$774$571$319
26 years$1,727$1,300$965$708$514$279
27 years$1,645$1,224$897$648$464$244
28 years$1,569$1,153$833$594$418$214
29 years$1,499$1,088$776$545$378$187
30 years$1,433$1,027$722$500$341$164
31 years$1,372$971$673$459$309$144
32 years$1,314$919$628$422$279$127
33 years$1,261$870$587$388$253$111
34 years$1,210$825$548$357$229$97
35 years$1,163$782$513$329$207$86
36 years$1,118$743$479$303$188$75
37 years$1,076$705$449$279$170$66
38 years$1,036$670$420$257$154$58
39 years$998$637$394$237$140$51
40 years$962$606$369$219$127$45
41 years$929$577$346$202$115$39
42 years$896$550$325$186$104$35
43 years$866$524$305$172$95$30
44 years$836$499$286$159$86$27
45 years$809$476$268$146$78$24
46 years$782$454$252$135$71$21
47 years$757$433$237$125$64$18
48 years$733$414$223$116$58$16
49 years$709$395$209$107$53$14
50 years$687$377$197$99$48$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $704,000, adding $4,917 every year, while hoping to spend $23,950 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: 55/15/30 Blend
44$704,000$704,000$704,000$704,000
45$780,880$743,568$732,656$817,079
46$835,047$754,520$731,717$853,588
47$893,936$765,206$729,944$890,471
48$958,005$775,588$727,284$930,173
49$1,027,754$785,625$723,681$972,972
50$1,103,736$795,272$719,076$1,019,180
51$1,186,560$804,483$713,408$1,069,139
52$1,276,895$813,208$706,613$1,123,226
53$1,375,477$821,394$698,623$1,181,858
54$1,483,117$828,984$689,368$1,245,497
55$1,600,708$835,917$678,775$1,314,651
56$1,729,231$842,128$666,765$1,389,881
57$1,869,770$847,549$653,259$1,471,807
58$2,023,514$852,107$638,171$1,561,113
59$2,191,776$855,724$621,412$1,658,556
60$2,375,999$858,316$602,892$1,764,967
61$2,577,774$859,796$582,511$1,881,268
62$2,798,851$860,071$560,170$2,008,473
63$3,041,160$859,040$535,762$2,147,704
64$3,306,825$856,599$509,176$2,300,196
65$3,598,184$852,636$480,297$2,467,314
66$3,917,815$847,032$449,003$2,650,564
67$4,268,556$839,660$415,168$2,851,608
68$4,653,533$830,387$378,661$3,072,277
69$5,076,190$819,073$339,342$3,314,595
70$5,540,319$805,565$297,068$3,580,792
71$6,050,100$789,706$251,688$3,873,328
72$6,610,135$771,327$203,045$4,194,920
73$7,225,496$750,249$150,974$4,548,562
74$7,901,770$726,284$95,304$4,937,556
75$8,645,110$699,232$35,857$5,365,547
76$9,462,298$668,881$0$5,836,553
77$10,360,804$635,008$0$6,363,836
78$11,348,859$597,376$0$6,956,278
79$12,435,529$555,734$0$7,607,844
80$13,630,805$509,817$0$8,324,548
81$14,945,696$459,347$0$9,113,017
82$16,392,329$404,027$0$9,980,554
83$17,984,067$343,545$0$10,935,210
84$19,735,633$277,570$0$11,985,855
85$21,663,251$205,754$0$13,142,266
86$23,784,795$127,728$0$14,415,220
87$26,119,961$43,104$0$15,816,592
88$28,690,451$0$0$17,359,471
89$31,520,179$0$0$19,066,291
90$34,635,492$0$0$20,953,282
91$38,065,426$0$0$23,030,927
92$41,841,971$0$0$25,318,615
93$46,000,382$0$0$27,837,711
94$50,579,502$0$0$30,611,757
95$55,622,135$0$0$33,666,696
96$61,175,448$0$0$37,031,114
97$67,291,414$0$0$40,736,510
98$74,027,305$0$0$44,817,596
99$81,446,230$0$0$49,312,620
100$89,617,731$0$0$54,263,731