Can I retire at age 45 with 706,000?

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 $706,000?

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$58,301$57,782$57,275$56,780$56,297$55,183
2 years$28,862$28,324$27,803$27,298$26,808$25,691
3 years$19,050$18,510$17,991$17,490$17,008$15,922
4 years$14,145$13,607$13,093$12,601$12,130$11,084
5 years$11,203$10,668$10,160$9,679$9,221$8,217
6 years$9,242$8,711$8,211$7,740$7,297$6,336
7 years$7,842$7,316$6,823$6,364$5,934$5,017
8 years$6,793$6,271$5,787$5,338$4,923$4,050
9 years$5,977$5,460$4,984$4,547$4,146$3,316
10 years$5,324$4,813$4,345$3,920$3,532$2,745
11 years$4,791$4,284$3,826$3,411$3,038$2,291
12 years$4,347$3,845$3,395$2,992$2,633$1,926
13 years$3,971$3,475$3,033$2,642$2,296$1,629
14 years$3,650$3,159$2,725$2,345$2,012$1,383
15 years$3,371$2,886$2,461$2,091$1,772$1,179
16 years$3,128$2,648$2,231$1,872$1,566$1,008
17 years$2,913$2,438$2,030$1,682$1,389$864
18 years$2,723$2,253$1,853$1,516$1,235$743
19 years$2,553$2,088$1,697$1,370$1,100$640
20 years$2,399$1,940$1,557$1,241$983$552
21 years$2,261$1,807$1,432$1,126$880$476
22 years$2,136$1,687$1,320$1,024$788$412
23 years$2,021$1,578$1,219$932$708$356
24 years$1,916$1,478$1,127$850$636$309
25 years$1,820$1,387$1,044$777$572$268
26 years$1,731$1,304$968$710$516$232
27 years$1,650$1,227$899$650$465$201
28 years$1,574$1,156$836$596$419$175
29 years$1,503$1,091$778$546$379$152
30 years$1,437$1,030$724$501$342$132
31 years$1,376$974$675$460$309$115
32 years$1,318$922$630$423$280$100
33 years$1,264$873$588$389$253$87
34 years$1,214$827$550$358$229$76
35 years$1,166$785$514$330$208$66
36 years$1,121$745$481$303$188$57
37 years$1,079$707$450$280$171$50
38 years$1,039$672$421$258$155$43
39 years$1,001$639$395$238$140$38
40 years$965$608$370$219$127$33
41 years$931$579$347$202$115$29
42 years$899$551$326$187$105$25
43 years$868$525$305$172$95$22
44 years$839$501$287$159$86$19
45 years$811$477$269$147$78$16
46 years$784$455$253$136$71$14
47 years$759$435$238$125$65$12
48 years$735$415$223$116$59$11
49 years$712$396$210$107$53$9
50 years$689$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 $706,000, adding $5,073 every year, while hoping to spend $37,329 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: 44/41/15 Blend
44$706,000$706,000$706,000$706,000
45$783,245$745,827$734,884$814,111
46$823,418$742,655$719,785$833,032
47$866,438$738,076$702,929$849,396
48$912,555$731,982$684,217$866,327
49$962,045$724,259$663,548$883,890
50$1,015,210$714,784$640,813$902,166
51$1,072,381$703,428$615,900$921,240
52$1,133,923$690,055$588,692$941,213
53$1,200,235$674,520$559,065$962,198
54$1,271,757$656,669$526,891$984,320
55$1,348,970$636,340$492,036$1,007,725
56$1,432,406$613,360$454,360$1,032,573
57$1,522,645$587,549$413,715$1,059,046
58$1,620,329$558,714$369,949$1,087,347
59$1,726,162$526,650$322,901$1,117,707
60$1,840,917$491,142$272,405$1,150,381
61$1,965,446$451,964$218,286$1,185,657
62$2,100,685$408,873$160,362$1,223,859
63$2,247,663$361,616$98,443$1,265,346
64$2,407,513$309,924$32,329$1,310,521
65$2,581,482$253,512$0$1,359,834
66$2,770,940$192,081$0$1,419,906
67$2,977,396$125,314$0$1,491,098
68$3,202,511$52,875$0$1,568,893
69$3,448,113$0$0$1,654,023
70$3,716,213$0$0$1,758,849
71$4,009,025$0$0$1,899,471
72$4,328,988$0$0$2,053,215
73$4,678,784$0$0$2,221,381
74$5,061,369$0$0$2,405,400
75$5,479,997$0$0$2,606,849
76$5,938,249$0$0$2,827,462
77$6,440,071$0$0$3,069,151
78$6,989,806$0$0$3,334,021
79$7,592,239$0$0$3,624,390
80$8,252,639$0$0$3,942,811
81$8,976,808$0$0$4,292,096
82$9,771,137$0$0$4,675,343
83$10,642,668$0$0$5,095,962
84$11,599,153$0$0$5,557,712
85$12,649,134$0$0$6,064,733
86$13,802,019$0$0$6,621,583
87$15,068,172$0$0$7,233,288
88$16,459,012$0$0$7,905,379
89$17,987,114$0$0$8,643,955
90$19,666,335$0$0$9,455,730
91$21,511,940$0$0$10,348,104
92$23,540,745$0$0$11,329,229
93$25,771,278$0$0$12,408,085
94$28,223,950$0$0$13,594,569
95$30,921,251$0$0$14,899,580
96$33,887,958$0$0$16,335,131
97$37,151,370$0$0$17,914,456
98$40,741,566$0$0$19,652,136
99$44,691,685$0$0$21,564,237
100$49,038,243$0$0$23,668,461