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%19.3%
1 years$58,218$57,700$57,194$56,700$56,218$54,115
2 years$28,821$28,284$27,764$27,260$26,770$24,676
3 years$19,023$18,484$17,965$17,465$16,984$14,965
4 years$14,125$13,588$13,074$12,583$12,113$10,183
5 years$11,187$10,653$10,146$9,665$9,208$7,373
6 years$9,229$8,699$8,199$7,729$7,286$5,547
7 years$7,831$7,305$6,814$6,354$5,926$4,281
8 years$6,783$6,262$5,779$5,331$4,916$3,366
9 years$5,968$5,452$4,977$4,541$4,140$2,681
10 years$5,317$4,806$4,339$3,914$3,527$2,158
11 years$4,784$4,278$3,820$3,406$3,034$1,750
12 years$4,341$3,840$3,390$2,988$2,629$1,428
13 years$3,966$3,470$3,029$2,638$2,292$1,171
14 years$3,645$3,154$2,722$2,342$2,010$964
15 years$3,366$2,882$2,457$2,088$1,769$797
16 years$3,123$2,644$2,228$1,870$1,564$660
17 years$2,909$2,435$2,027$1,680$1,387$547
18 years$2,719$2,250$1,851$1,514$1,233$455
19 years$2,549$2,085$1,694$1,368$1,099$379
20 years$2,396$1,938$1,555$1,239$982$315
21 years$2,258$1,805$1,430$1,124$878$263
22 years$2,133$1,685$1,318$1,022$787$220
23 years$2,018$1,576$1,217$931$707$184
24 years$1,914$1,476$1,126$849$635$153
25 years$1,818$1,385$1,042$776$572$128
26 years$1,729$1,302$967$709$515$107
27 years$1,647$1,225$898$649$464$90
28 years$1,571$1,155$835$595$419$75
29 years$1,501$1,089$777$545$378$63
30 years$1,435$1,029$723$501$342$53
31 years$1,374$973$674$460$309$44
32 years$1,316$920$629$422$279$37
33 years$1,263$871$588$388$253$31
34 years$1,212$826$549$357$229$26
35 years$1,164$783$513$329$207$22
36 years$1,120$744$480$303$188$18
37 years$1,077$706$449$279$170$15
38 years$1,037$671$421$257$154$13
39 years$1,000$638$394$237$140$11
40 years$964$607$370$219$127$9
41 years$930$578$347$202$115$8
42 years$898$550$325$186$105$6
43 years$867$524$305$172$95$5
44 years$838$500$286$159$86$4
45 years$810$477$269$147$78$4
46 years$783$455$253$136$71$3
47 years$758$434$237$125$64$3
48 years$734$414$223$116$59$2
49 years$710$396$210$107$53$2
50 years$688$378$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 $705,000, adding $4,326 every year, while hoping to spend $21,631 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: 53/40/7 Blend
44$705,000$705,000$705,000$705,000
45$781,372$744,007$733,080$821,249
46$838,057$757,448$734,623$862,196
47$899,799$770,823$735,492$903,987
48$967,090$784,106$735,643$948,931
49$1,040,474$797,267$735,028$997,328
50$1,120,547$810,278$733,596$1,049,512
51$1,207,967$823,106$731,296$1,105,849
52$1,303,457$835,716$728,072$1,166,743
53$1,407,815$848,070$723,867$1,232,640
54$1,521,915$860,130$718,620$1,304,031
55$1,646,725$871,850$712,268$1,381,456
56$1,783,307$883,187$704,745$1,465,514
57$1,932,832$894,091$695,982$1,556,862
58$2,096,588$904,509$685,905$1,656,225
59$2,275,996$914,386$674,439$1,764,405
60$2,472,619$923,662$661,503$1,882,283
61$2,688,178$932,273$647,015$2,010,832
62$2,924,569$940,151$630,888$2,151,126
63$3,183,882$947,225$613,029$2,304,347
64$3,468,416$953,417$593,344$2,471,799
65$3,780,705$958,646$571,732$2,654,922
66$4,123,542$962,824$548,089$2,855,301
67$4,499,999$965,859$522,306$3,074,685
68$4,913,465$967,652$494,269$3,315,004
69$5,367,670$968,098$463,859$3,578,383
70$5,866,724$967,087$430,950$3,867,168
71$6,415,156$964,500$395,413$4,183,944
72$7,017,953$960,212$357,111$4,531,564
73$7,680,612$954,090$315,902$4,913,170
74$8,409,188$945,993$271,637$5,332,229
75$9,210,350$935,772$224,162$5,792,564
76$10,091,449$923,268$173,315$6,298,389
77$11,060,582$908,313$118,926$6,854,350
78$12,126,670$890,729$60,819$7,465,572
79$13,299,543$870,328$0$8,137,702
80$14,590,032$846,910$0$8,877,059
81$16,010,069$820,262$0$9,695,272
82$17,572,804$790,163$0$10,595,382
83$19,292,723$756,375$0$11,585,748
84$21,185,791$718,647$0$12,675,591
85$23,269,595$676,714$0$13,875,071
86$25,563,517$630,297$0$15,195,392
87$28,088,913$579,098$0$16,648,901
88$30,869,314$522,805$0$18,249,210
89$33,930,648$461,087$0$20,011,326
90$37,301,487$393,593$0$21,951,788
91$41,013,314$319,955$0$24,088,829
92$45,100,821$239,781$0$26,442,548
93$49,602,233$152,659$0$29,035,098
94$54,559,676$58,154$0$31,890,899
95$60,019,565$0$0$35,036,868
96$66,033,048$0$0$38,522,128
97$72,656,490$0$0$42,389,193
98$79,951,996$0$0$46,648,740
99$87,988,007$0$0$51,340,740
100$96,839,940$0$0$56,509,240