Can I retire at age 45 with 708,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.7%
1 years$58,466$57,945$57,437$56,941$56,457$55,821
2 years$28,944$28,405$27,882$27,376$26,884$26,244
3 years$19,104$18,563$18,042$17,540$17,056$16,432
4 years$14,185$13,646$13,130$12,636$12,165$11,561
5 years$11,235$10,698$10,189$9,706$9,248$8,665
6 years$9,268$8,736$8,234$7,762$7,317$6,758
7 years$7,864$7,336$6,843$6,382$5,951$5,415
8 years$6,812$6,289$5,803$5,353$4,937$4,424
9 years$5,994$5,475$4,998$4,560$4,158$3,667
10 years$5,339$4,826$4,358$3,931$3,542$3,075
11 years$4,805$4,297$3,836$3,421$3,047$2,601
12 years$4,359$3,856$3,405$3,001$2,640$2,216
13 years$3,983$3,485$3,042$2,649$2,302$1,900
14 years$3,660$3,168$2,733$2,351$2,018$1,636
15 years$3,381$2,894$2,468$2,097$1,777$1,415
16 years$3,137$2,655$2,237$1,878$1,570$1,228
17 years$2,922$2,445$2,036$1,687$1,392$1,069
18 years$2,730$2,259$1,858$1,520$1,238$932
19 years$2,560$2,094$1,701$1,374$1,104$815
20 years$2,406$1,946$1,561$1,244$986$714
21 years$2,268$1,813$1,436$1,129$882$627
22 years$2,142$1,692$1,324$1,027$791$550
23 years$2,027$1,582$1,222$935$710$484
24 years$1,922$1,483$1,130$853$638$426
25 years$1,825$1,391$1,047$779$574$376
26 years$1,736$1,308$971$712$517$331
27 years$1,654$1,231$902$652$466$293
28 years$1,578$1,160$838$597$421$258
29 years$1,507$1,094$780$548$380$228
30 years$1,441$1,033$727$503$343$202
31 years$1,380$977$677$462$310$179
32 years$1,322$924$632$424$281$158
33 years$1,268$875$590$390$254$140
34 years$1,217$829$551$359$230$124
35 years$1,169$787$515$330$208$110
36 years$1,124$747$482$304$189$97
37 years$1,082$709$451$280$171$86
38 years$1,042$674$423$258$155$76
39 years$1,004$641$396$238$141$68
40 years$968$610$371$220$128$60
41 years$934$580$348$203$116$53
42 years$901$553$326$187$105$47
43 years$871$527$306$173$95$42
44 years$841$502$288$160$87$37
45 years$813$479$270$147$79$33
46 years$787$457$254$136$71$29
47 years$761$436$238$126$65$26
48 years$737$416$224$116$59$23
49 years$714$397$210$107$53$20
50 years$691$380$198$99$49$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $708,000, adding $3,101 every year, while hoping to spend $50,433 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: 53/28/19 Blend
44$708,000$708,000$708,000$708,000
45$783,415$745,891$734,917$820,719
46$809,663$728,779$705,876$829,537
47$836,898$709,139$674,172$833,574
48$865,167$686,792$639,663$836,875
49$894,521$661,552$602,199$839,383
50$925,015$633,221$561,625$841,041
51$956,705$601,587$517,778$841,791
52$989,654$566,430$470,488$841,569
53$1,023,927$527,514$419,579$840,310
54$1,059,597$484,591$364,863$837,947
55$1,096,738$437,398$306,149$834,410
56$1,135,433$385,658$243,232$829,624
57$1,175,770$329,079$175,904$823,515
58$1,217,844$267,349$103,942$816,003
59$1,261,757$200,142$27,117$807,007
60$1,307,620$127,112$0$796,443
61$1,355,551$47,895$0$795,348
62$1,405,680$0$0$799,099
63$1,458,145$0$0$813,830
64$1,513,099$0$0$844,735
65$1,570,703$0$0$877,150
66$1,631,136$0$0$911,179
67$1,694,590$0$0$946,933
68$1,761,275$0$0$984,532
69$1,831,417$0$0$1,024,108
70$1,905,264$0$0$1,065,805
71$1,983,085$0$0$1,109,777
72$2,065,174$0$0$1,156,195
73$2,151,850$0$0$1,205,245
74$2,243,462$0$0$1,257,127
75$2,340,390$0$0$1,312,064
76$2,443,050$0$0$1,370,295
77$2,551,895$0$0$1,432,084
78$2,667,422$0$0$1,497,720
79$2,790,172$0$0$1,567,517
80$2,920,739$0$0$1,641,819
81$3,059,771$0$0$1,721,004
82$3,207,981$0$0$1,805,486
83$3,366,145$0$0$1,895,716
84$3,535,117$0$0$1,992,191
85$3,715,831$0$0$2,095,454
86$3,909,312$0$0$2,206,102
87$4,116,684$0$0$2,324,789
88$4,339,179$0$0$2,452,232
89$4,578,151$0$0$2,589,219
90$4,835,084$0$0$2,736,615
91$5,111,607$0$0$2,895,370
92$5,409,511$0$0$3,066,525
93$5,730,762$0$0$3,251,227
94$6,077,519$0$0$3,450,734
95$6,452,156$0$0$3,666,428
96$6,857,279$0$0$3,899,831
97$7,295,755$0$0$4,152,613
98$7,770,736$0$0$4,426,610
99$8,285,685$0$0$4,723,845
100$8,844,412$0$0$5,046,537