Can I retire at age 45 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$58,466$57,945$57,437$56,941$56,457$55,204
2 years$28,944$28,405$27,882$27,376$26,884$25,629
3 years$19,104$18,563$18,042$17,540$17,056$15,837
4 years$14,185$13,646$13,130$12,636$12,165$10,991
5 years$11,235$10,698$10,189$9,706$9,248$8,123
6 years$9,268$8,736$8,234$7,762$7,317$6,243
7 years$7,864$7,336$6,843$6,382$5,951$4,927
8 years$6,812$6,289$5,803$5,353$4,937$3,963
9 years$5,994$5,475$4,998$4,560$4,158$3,233
10 years$5,339$4,826$4,358$3,931$3,542$2,666
11 years$4,805$4,297$3,836$3,421$3,047$2,218
12 years$4,359$3,856$3,405$3,001$2,640$1,857
13 years$3,983$3,485$3,042$2,649$2,302$1,564
14 years$3,660$3,168$2,733$2,351$2,018$1,323
15 years$3,381$2,894$2,468$2,097$1,777$1,123
16 years$3,137$2,655$2,237$1,878$1,570$956
17 years$2,922$2,445$2,036$1,687$1,392$816
18 years$2,730$2,259$1,858$1,520$1,238$698
19 years$2,560$2,094$1,701$1,374$1,104$599
20 years$2,406$1,946$1,561$1,244$986$514
21 years$2,268$1,813$1,436$1,129$882$442
22 years$2,142$1,692$1,324$1,027$791$380
23 years$2,027$1,582$1,222$935$710$327
24 years$1,922$1,483$1,130$853$638$282
25 years$1,825$1,391$1,047$779$574$244
26 years$1,736$1,308$971$712$517$210
27 years$1,654$1,231$902$652$466$182
28 years$1,578$1,160$838$597$421$157
29 years$1,507$1,094$780$548$380$136
30 years$1,441$1,033$727$503$343$117
31 years$1,380$977$677$462$310$101
32 years$1,322$924$632$424$281$88
33 years$1,268$875$590$390$254$76
34 years$1,217$829$551$359$230$66
35 years$1,169$787$515$330$208$57
36 years$1,124$747$482$304$189$49
37 years$1,082$709$451$280$171$43
38 years$1,042$674$423$258$155$37
39 years$1,004$641$396$238$141$32
40 years$968$610$371$220$128$28
41 years$934$580$348$203$116$24
42 years$901$553$326$187$105$21
43 years$871$527$306$173$95$18
44 years$841$502$288$160$87$16
45 years$813$479$270$147$79$14
46 years$787$457$254$136$71$12
47 years$761$436$238$126$65$10
48 years$737$416$224$116$59$9
49 years$714$397$210$107$53$8
50 years$691$380$198$99$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $708,000, adding $6,062 every year, while hoping to spend $40,969 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: 64/10/26 Blend
44$708,000$708,000$708,000$708,000
45$786,469$748,945$737,971$831,052
46$823,098$742,053$719,102$855,025
47$862,090$733,449$698,228$876,122
48$903,643$723,008$675,239$898,267
49$947,974$710,594$650,018$921,569
50$995,319$696,065$622,446$946,146
51$1,045,939$679,270$592,395$972,133
52$1,100,119$660,048$559,734$999,679
53$1,158,171$638,231$524,325$1,028,949
54$1,220,438$613,638$486,024$1,060,128
55$1,287,297$586,080$444,680$1,093,421
56$1,359,160$555,357$400,136$1,129,056
57$1,436,481$521,256$352,227$1,167,285
58$1,519,758$483,553$300,782$1,208,392
59$1,609,536$442,010$245,621$1,252,688
60$1,706,417$396,377$186,558$1,300,520
61$1,811,060$346,388$123,396$1,352,274
62$1,924,190$291,763$55,931$1,408,376
63$2,046,603$232,206$0$1,469,301
64$2,179,177$167,404$0$1,540,030
65$2,322,874$97,027$0$1,633,539
66$2,478,752$20,727$0$1,735,003
67$2,647,977$0$0$1,845,205
68$2,831,829$0$0$1,971,815
69$3,031,717$0$0$2,111,992
70$3,249,192$0$0$2,264,546
71$3,485,959$0$0$2,430,681
72$3,743,894$0$0$2,611,719
73$4,025,063$0$0$2,809,116
74$4,331,740$0$0$3,024,474
75$4,666,425$0$0$3,259,556
76$5,031,873$0$0$3,516,305
77$5,431,115$0$0$3,796,856
78$5,867,488$0$0$4,103,562
79$6,344,666$0$0$4,439,015
80$6,866,696$0$0$4,806,066
81$7,438,032$0$0$5,207,856
82$8,063,578$0$0$5,647,843
83$8,748,736$0$0$6,129,836
84$9,499,455$0$0$6,658,027
85$10,322,284$0$0$7,237,038
86$11,224,440$0$0$7,871,954
87$12,213,868$0$0$8,568,378
88$13,299,320$0$0$9,332,483
89$14,490,438$0$0$10,171,065
90$15,797,838$0$0$11,091,613
91$17,233,219$0$0$12,102,375
92$18,809,465$0$0$13,212,435
93$20,540,769$0$0$14,431,804
94$22,442,768$0$0$15,771,507
95$24,532,686$0$0$17,243,691
96$26,829,499$0$0$18,861,738
97$29,354,113$0$0$20,640,390
98$32,129,561$0$0$22,595,889
99$35,181,215$0$0$24,746,130
100$38,537,033$0$0$27,110,828