Can I retire at age 45 with 705,000?

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 $705,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$58,218$57,700$57,194$56,700$56,218$55,105
2 years$28,821$28,284$27,764$27,260$26,770$25,654
3 years$19,023$18,484$17,965$17,465$16,984$15,899
4 years$14,125$13,588$13,074$12,583$12,113$11,068
5 years$11,187$10,653$10,146$9,665$9,208$8,205
6 years$9,229$8,699$8,199$7,729$7,286$6,327
7 years$7,831$7,305$6,814$6,354$5,926$5,010
8 years$6,783$6,262$5,779$5,331$4,916$4,044
9 years$5,968$5,452$4,977$4,541$4,140$3,311
10 years$5,317$4,806$4,339$3,914$3,527$2,741
11 years$4,784$4,278$3,820$3,406$3,034$2,288
12 years$4,341$3,840$3,390$2,988$2,629$1,924
13 years$3,966$3,470$3,029$2,638$2,292$1,626
14 years$3,645$3,154$2,722$2,342$2,010$1,381
15 years$3,366$2,882$2,457$2,088$1,769$1,177
16 years$3,123$2,644$2,228$1,870$1,564$1,007
17 years$2,909$2,435$2,027$1,680$1,387$863
18 years$2,719$2,250$1,851$1,514$1,233$742
19 years$2,549$2,085$1,694$1,368$1,099$639
20 years$2,396$1,938$1,555$1,239$982$551
21 years$2,258$1,805$1,430$1,124$878$476
22 years$2,133$1,685$1,318$1,022$787$411
23 years$2,018$1,576$1,217$931$707$356
24 years$1,914$1,476$1,126$849$635$308
25 years$1,818$1,385$1,042$776$572$267
26 years$1,729$1,302$967$709$515$232
27 years$1,647$1,225$898$649$464$201
28 years$1,571$1,155$835$595$419$175
29 years$1,501$1,089$777$545$378$152
30 years$1,435$1,029$723$501$342$132
31 years$1,374$973$674$460$309$115
32 years$1,316$920$629$422$279$100
33 years$1,263$871$588$388$253$87
34 years$1,212$826$549$357$229$75
35 years$1,164$783$513$329$207$66
36 years$1,120$744$480$303$188$57
37 years$1,077$706$449$279$170$50
38 years$1,037$671$421$257$154$43
39 years$1,000$638$394$237$140$38
40 years$964$607$370$219$127$33
41 years$930$578$347$202$115$29
42 years$898$550$325$186$105$25
43 years$867$524$305$172$95$22
44 years$838$500$286$159$86$19
45 years$810$477$269$147$78$16
46 years$783$455$253$136$71$14
47 years$758$434$237$125$64$12
48 years$734$414$223$116$59$11
49 years$710$396$210$107$53$9
50 years$688$378$197$99$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $705,000, adding $4,275 every year, while hoping to spend $48,448 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: 40/34/26 Blend
44$705,000$705,000$705,000$705,000
45$781,320$743,955$733,027$806,425
46$809,466$728,860$706,035$809,898
47$838,859$711,402$676,515$808,803
48$869,576$691,414$644,332$806,676
49$901,698$668,719$609,342$803,454
50$935,315$643,129$571,398$799,067
51$970,522$614,447$530,345$793,447
52$1,007,424$582,464$486,021$786,521
53$1,046,134$546,958$438,255$778,215
54$1,086,775$507,694$386,872$768,453
55$1,129,481$464,426$331,687$757,154
56$1,174,396$416,890$272,506$744,238
57$1,221,678$364,812$209,129$729,622
58$1,271,498$307,897$141,345$713,221
59$1,324,045$245,838$68,933$694,948
60$1,379,522$178,308$0$674,715
61$1,438,150$104,962$0$654,747
62$1,500,173$25,437$0$653,200
63$1,565,855$0$0$650,907
64$1,635,485$0$0$670,545
65$1,709,380$0$0$701,531
66$1,787,885$0$0$734,500
67$1,871,379$0$0$769,615
68$1,960,274$0$0$807,059
69$2,055,024$0$0$847,028
70$2,156,125$0$0$889,740
71$2,264,121$0$0$935,433
72$2,379,605$0$0$984,367
73$2,503,233$0$0$1,036,829
74$2,635,719$0$0$1,093,131
75$2,777,849$0$0$1,153,618
76$2,930,485$0$0$1,218,668
77$3,094,572$0$0$1,288,695
78$3,271,150$0$0$1,364,156
79$3,461,358$0$0$1,445,550
80$3,666,448$0$0$1,533,427
81$3,887,797$0$0$1,628,391
82$4,126,915$0$0$1,731,105
83$4,385,464$0$0$1,842,301
84$4,665,270$0$0$1,962,778
85$4,968,339$0$0$2,093,421
86$5,296,878$0$0$2,235,197
87$5,653,315$0$0$2,389,175
88$6,040,316$0$0$2,556,527
89$6,460,818$0$0$2,738,543
90$6,918,050$0$0$2,936,646
91$7,415,563$0$0$3,152,395
92$7,957,267$0$0$3,387,512
93$8,547,462$0$0$3,643,889
94$9,190,881$0$0$3,923,607
95$9,892,734$0$0$4,228,960
96$10,658,754$0$0$4,562,471
97$11,495,252$0$0$4,926,919
98$12,409,177$0$0$5,325,361
99$13,408,175$0$0$5,761,164
100$14,500,670$0$0$6,238,037