Can I retire at age 45 with 709,000?

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 $709,000?

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$58,549$58,027$57,518$57,022$56,537$54,509
2 years$28,984$28,445$27,921$27,414$26,922$24,901
3 years$19,131$18,589$18,067$17,565$17,081$15,130
4 years$14,205$13,665$13,148$12,654$12,182$10,317
5 years$11,251$10,713$10,204$9,720$9,261$7,485
6 years$9,281$8,748$8,246$7,773$7,328$5,644
7 years$7,875$7,347$6,852$6,391$5,959$4,366
8 years$6,821$6,298$5,811$5,361$4,944$3,440
9 years$6,002$5,483$5,005$4,566$4,163$2,748
10 years$5,347$4,833$4,364$3,936$3,547$2,217
11 years$4,811$4,303$3,842$3,426$3,051$1,803
12 years$4,365$3,862$3,410$3,005$2,644$1,475
13 years$3,988$3,490$3,046$2,653$2,305$1,213
14 years$3,665$3,172$2,737$2,355$2,021$1,002
15 years$3,386$2,898$2,471$2,100$1,779$830
16 years$3,141$2,659$2,240$1,880$1,573$689
17 years$2,926$2,449$2,039$1,690$1,394$573
18 years$2,734$2,263$1,861$1,523$1,240$478
19 years$2,563$2,097$1,704$1,376$1,105$399
20 years$2,410$1,949$1,564$1,246$987$334
21 years$2,271$1,815$1,438$1,131$883$279
22 years$2,145$1,694$1,326$1,028$792$234
23 years$2,030$1,585$1,224$936$711$196
24 years$1,925$1,485$1,132$854$639$164
25 years$1,828$1,393$1,048$780$575$138
26 years$1,739$1,310$972$713$518$116
27 years$1,657$1,232$903$653$467$97
28 years$1,580$1,161$839$598$421$82
29 years$1,509$1,096$781$548$380$68
30 years$1,443$1,035$728$503$344$58
31 years$1,382$978$678$462$311$48
32 years$1,324$925$633$425$281$41
33 years$1,270$876$591$391$254$34
34 years$1,219$831$552$359$230$29
35 years$1,171$788$516$331$209$24
36 years$1,126$748$483$305$189$20
37 years$1,084$710$452$281$171$17
38 years$1,043$675$423$259$155$14
39 years$1,005$642$397$239$141$12
40 years$969$611$372$220$128$10
41 years$935$581$348$203$116$9
42 years$903$554$327$187$105$7
43 years$872$527$307$173$95$6
44 years$842$503$288$160$87$5
45 years$814$479$270$148$79$4
46 years$788$457$254$136$71$4
47 years$762$436$239$126$65$3
48 years$738$417$224$116$59$3
49 years$715$398$211$108$53$2
50 years$692$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 $709,000, adding $4,925 every year, while hoping to spend $40,140 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: 73/6/21 Blend
44$709,000$709,000$709,000$709,000
45$786,398$748,821$737,832$839,463
46$823,902$742,805$719,840$869,385
47$863,886$735,148$699,901$896,855
48$906,561$725,729$677,906$925,936
49$952,157$714,416$653,743$956,780
50$1,000,927$701,073$627,294$989,559
51$1,053,149$685,553$598,435$1,024,458
52$1,109,127$667,702$567,039$1,061,685
53$1,169,194$647,355$532,971$1,101,468
54$1,233,716$624,340$496,090$1,144,062
55$1,303,095$598,473$456,249$1,189,745
56$1,377,773$569,560$413,295$1,238,828
57$1,458,233$537,395$367,068$1,291,653
58$1,545,008$501,763$317,400$1,348,597
59$1,638,682$462,432$264,116$1,410,079
60$1,739,897$419,161$207,033$1,476,560
61$1,849,359$371,693$145,962$1,548,551
62$1,967,845$319,756$80,702$1,626,616
63$2,096,206$263,066$11,047$1,711,378
64$2,235,380$201,317$0$1,803,526
65$2,386,400$134,192$0$1,918,000
66$2,550,398$61,353$0$2,045,024
67$2,728,622$0$0$2,183,100
68$2,922,445$0$0$2,334,468
69$3,133,376$0$0$2,503,633
70$3,363,077$0$0$2,687,881
71$3,613,375$0$0$2,888,682
72$3,886,283$0$0$3,107,654
73$4,184,014$0$0$3,346,578
74$4,509,005$0$0$3,607,413
75$4,863,939$0$0$3,892,316
76$5,251,770$0$0$4,203,664
77$5,675,749$0$0$4,544,070
78$6,139,454$0$0$4,916,415
79$6,646,828$0$0$5,323,867
80$7,202,210$0$0$5,769,918
81$7,810,380$0$0$6,258,411
82$8,476,599$0$0$6,793,579
83$9,206,664$0$0$7,380,084
84$10,006,958$0$0$8,023,059
85$10,884,509$0$0$8,728,159
86$11,847,062$0$0$9,501,612
87$12,903,143$0$0$10,350,278
88$14,062,146$0$0$11,281,712
89$15,334,419$0$0$12,304,236
90$16,731,358$0$0$13,427,020
91$18,265,520$0$0$14,660,161
92$19,950,733$0$0$16,014,787
93$21,802,236$0$0$17,503,151
94$23,836,813$0$0$19,138,756
95$26,072,955$0$0$20,936,478
96$28,531,035$0$0$22,912,702
97$31,233,495$0$0$25,085,483
98$34,205,064$0$0$27,474,712
99$37,472,984$0$0$30,102,303
100$41,067,271$0$0$32,992,402