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%18.9%
1 years$58,466$57,945$57,437$56,941$56,457$54,432
2 years$28,944$28,405$27,882$27,376$26,884$24,866
3 years$19,104$18,563$18,042$17,540$17,056$15,109
4 years$14,185$13,646$13,130$12,636$12,165$10,302
5 years$11,235$10,698$10,189$9,706$9,248$7,475
6 years$9,268$8,736$8,234$7,762$7,317$5,636
7 years$7,864$7,336$6,843$6,382$5,951$4,360
8 years$6,812$6,289$5,803$5,353$4,937$3,436
9 years$5,994$5,475$4,998$4,560$4,158$2,744
10 years$5,339$4,826$4,358$3,931$3,542$2,214
11 years$4,805$4,297$3,836$3,421$3,047$1,800
12 years$4,359$3,856$3,405$3,001$2,640$1,473
13 years$3,983$3,485$3,042$2,649$2,302$1,211
14 years$3,660$3,168$2,733$2,351$2,018$1,000
15 years$3,381$2,894$2,468$2,097$1,777$828
16 years$3,137$2,655$2,237$1,878$1,570$688
17 years$2,922$2,445$2,036$1,687$1,392$572
18 years$2,730$2,259$1,858$1,520$1,238$477
19 years$2,560$2,094$1,701$1,374$1,104$398
20 years$2,406$1,946$1,561$1,244$986$333
21 years$2,268$1,813$1,436$1,129$882$279
22 years$2,142$1,692$1,324$1,027$791$233
23 years$2,027$1,582$1,222$935$710$196
24 years$1,922$1,483$1,130$853$638$164
25 years$1,825$1,391$1,047$779$574$138
26 years$1,736$1,308$971$712$517$115
27 years$1,654$1,231$902$652$466$97
28 years$1,578$1,160$838$597$421$81
29 years$1,507$1,094$780$548$380$68
30 years$1,441$1,033$727$503$343$57
31 years$1,380$977$677$462$310$48
32 years$1,322$924$632$424$281$41
33 years$1,268$875$590$390$254$34
34 years$1,217$829$551$359$230$29
35 years$1,169$787$515$330$208$24
36 years$1,124$747$482$304$189$20
37 years$1,082$709$451$280$171$17
38 years$1,042$674$423$258$155$14
39 years$1,004$641$396$238$141$12
40 years$968$610$371$220$128$10
41 years$934$580$348$203$116$9
42 years$901$553$326$187$105$7
43 years$871$527$306$173$95$6
44 years$841$502$288$160$87$5
45 years$813$479$270$147$79$4
46 years$787$457$254$136$71$4
47 years$761$436$238$126$65$3
48 years$737$416$224$116$59$3
49 years$714$397$210$107$53$2
50 years$691$380$198$99$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $708,000, adding $6,934 every year, while hoping to spend $21,297 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: 47/30/23 Blend
44$708,000$708,000$708,000$708,000
45$787,368$749,844$738,870$818,916
46$845,020$763,927$740,963$855,802
47$907,839$777,986$742,411$893,157
48$976,328$791,997$743,172$933,273
49$1,051,044$805,936$743,199$976,417
50$1,132,598$819,774$742,444$1,022,888
51$1,221,662$833,482$740,855$1,073,011
52$1,318,978$847,028$738,379$1,127,147
53$1,425,359$860,378$734,961$1,185,696
54$1,541,705$873,496$730,541$1,249,096
55$1,669,003$886,342$725,058$1,317,832
56$1,808,342$898,873$718,448$1,392,440
57$1,960,920$911,045$710,644$1,473,511
58$2,128,057$922,810$701,574$1,561,695
59$2,311,207$934,115$691,164$1,657,711
60$2,511,970$944,906$679,337$1,762,354
61$2,732,108$955,124$666,013$1,876,498
62$2,973,564$964,706$651,105$2,001,110
63$3,238,476$973,586$634,526$2,137,254
64$3,529,200$981,690$616,182$2,286,107
65$3,848,330$988,945$595,976$2,448,965
66$4,198,725$995,269$573,806$2,627,259
67$4,583,533$1,000,575$549,566$2,822,568
68$5,006,222$1,004,772$523,146$3,036,632
69$5,470,614$1,007,762$494,428$3,271,373
70$5,980,916$1,009,442$463,291$3,528,909
71$6,541,767$1,009,703$429,609$3,811,578
72$7,158,275$1,008,426$393,248$4,121,956
73$7,836,068$1,005,487$354,071$4,462,887
74$8,581,347$1,000,756$311,932$4,837,507
75$9,400,943$994,092$266,681$5,249,275
76$10,302,383$985,347$218,159$5,702,004
77$11,293,961$974,363$166,201$6,199,902
78$12,384,812$960,974$110,637$6,747,607
79$13,585,005$945,004$51,285$7,350,236
80$14,905,631$926,264$0$8,013,431
81$16,358,911$904,558$0$8,746,370
82$17,958,314$879,674$0$9,566,580
83$19,718,675$851,391$0$10,469,076
84$21,656,344$819,474$0$11,462,252
85$23,789,336$783,673$0$12,555,359
86$26,137,500$743,725$0$13,758,595
87$28,722,710$699,352$0$15,083,201
88$31,569,065$650,259$0$16,541,567
89$34,703,122$596,135$0$18,147,348
90$38,154,145$536,649$0$19,915,597
91$41,954,378$471,456$0$21,862,906
92$46,139,353$400,185$0$24,007,561
93$50,748,223$322,450$0$26,369,718
94$55,824,131$237,839$0$28,971,593
95$61,414,618$145,920$0$31,837,674
96$67,572,073$46,234$0$34,994,949
97$74,354,223$0$0$38,473,165
98$81,824,681$0$0$42,325,478
99$90,053,545$0$0$46,585,810
100$99,118,059$0$0$51,278,904