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%15.6%
1 years$58,549$58,027$57,518$57,022$56,537$55,237
2 years$28,984$28,445$27,921$27,414$26,922$25,620
3 years$19,131$18,589$18,067$17,565$17,081$15,817
4 years$14,205$13,665$13,148$12,654$12,182$10,966
5 years$11,251$10,713$10,204$9,720$9,261$8,096
6 years$9,281$8,748$8,246$7,773$7,328$6,215
7 years$7,875$7,347$6,852$6,391$5,959$4,900
8 years$6,821$6,298$5,811$5,361$4,944$3,936
9 years$6,002$5,483$5,005$4,566$4,163$3,207
10 years$5,347$4,833$4,364$3,936$3,547$2,642
11 years$4,811$4,303$3,842$3,426$3,051$2,195
12 years$4,365$3,862$3,410$3,005$2,644$1,835
13 years$3,988$3,490$3,046$2,653$2,305$1,543
14 years$3,665$3,172$2,737$2,355$2,021$1,304
15 years$3,386$2,898$2,471$2,100$1,779$1,105
16 years$3,141$2,659$2,240$1,880$1,573$940
17 years$2,926$2,449$2,039$1,690$1,394$801
18 years$2,734$2,263$1,861$1,523$1,240$684
19 years$2,563$2,097$1,704$1,376$1,105$586
20 years$2,410$1,949$1,564$1,246$987$502
21 years$2,271$1,815$1,438$1,131$883$431
22 years$2,145$1,694$1,326$1,028$792$370
23 years$2,030$1,585$1,224$936$711$318
24 years$1,925$1,485$1,132$854$639$274
25 years$1,828$1,393$1,048$780$575$236
26 years$1,739$1,310$972$713$518$204
27 years$1,657$1,232$903$653$467$175
28 years$1,580$1,161$839$598$421$151
29 years$1,509$1,096$781$548$380$131
30 years$1,443$1,035$728$503$344$113
31 years$1,382$978$678$462$311$97
32 years$1,324$925$633$425$281$84
33 years$1,270$876$591$391$254$73
34 years$1,219$831$552$359$230$63
35 years$1,171$788$516$331$209$54
36 years$1,126$748$483$305$189$47
37 years$1,084$710$452$281$171$41
38 years$1,043$675$423$259$155$35
39 years$1,005$642$397$239$141$30
40 years$969$611$372$220$128$26
41 years$935$581$348$203$116$23
42 years$903$554$327$187$105$20
43 years$872$527$307$173$95$17
44 years$842$503$288$160$87$15
45 years$814$479$270$148$79$13
46 years$788$457$254$136$71$11
47 years$762$436$239$126$65$9
48 years$738$417$224$116$59$8
49 years$715$398$211$108$53$7
50 years$692$380$198$99$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $709,000, adding $5,375 every year, while hoping to spend $40,600 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: 58/28/14 Blend
44$709,000$709,000$709,000$709,000
45$786,862$749,285$738,296$829,405
46$823,924$742,802$719,831$852,298
47$863,406$734,641$699,386$872,284
48$905,511$724,676$676,853$893,117
49$950,462$712,775$652,117$914,886
50$998,506$698,797$625,060$937,689
51$1,049,909$682,594$595,555$961,635
52$1,104,967$664,008$563,473$986,848
53$1,164,001$642,872$528,677$1,013,465
54$1,227,367$619,010$491,025$1,041,640
55$1,295,451$592,234$450,368$1,071,545
56$1,368,682$562,348$406,549$1,103,373
57$1,447,526$529,142$359,408$1,137,336
58$1,532,499$492,395$308,773$1,173,676
59$1,624,164$451,873$254,467$1,212,659
60$1,723,143$407,329$196,306$1,254,581
61$1,830,117$358,502$134,096$1,299,775
62$1,945,836$305,115$67,635$1,348,609
63$2,071,123$246,877$0$1,401,493
64$2,206,884$183,481$0$1,459,377
65$2,354,114$114,599$0$1,533,089
66$2,513,909$39,890$0$1,613,115
67$2,687,473$0$0$1,700,119
68$2,876,130$0$0$1,807,468
69$3,081,339$0$0$1,937,658
70$3,304,701$0$0$2,079,420
71$3,547,982$0$0$2,233,882
72$3,813,124$0$0$2,402,284
73$4,102,261$0$0$2,585,989
74$4,417,748$0$0$2,786,501
75$4,762,171$0$0$3,005,472
76$5,138,380$0$0$3,244,723
77$5,549,512$0$0$3,506,258
78$5,999,021$0$0$3,792,282
79$6,490,709$0$0$4,105,224
80$7,028,762$0$0$4,447,760
81$7,617,791$0$0$4,822,834
82$8,262,872$0$0$5,233,690
83$8,969,595$0$0$5,683,900
84$9,744,117$0$0$6,177,396
85$10,593,218$0$0$6,718,512
86$11,524,366$0$0$7,312,019
87$12,545,787$0$0$7,963,173
88$13,666,540$0$0$8,677,762
89$14,896,603$0$0$9,462,163
90$16,246,969$0$0$10,323,400
91$17,729,747$0$0$11,269,210
92$19,358,274$0$0$12,308,116
93$21,147,243$0$0$13,449,509
94$23,112,842$0$0$14,703,732
95$25,272,901$0$0$16,082,180
96$27,647,068$0$0$17,597,408
97$30,256,984$0$0$19,263,247
98$33,126,493$0$0$21,094,934
99$36,281,867$0$0$23,109,260
100$39,752,047$0$0$25,324,719