Can I retire at age 45 with 693,000?

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 $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$57,227$56,718$56,220$55,735$55,261$53,513
2 years$28,330$27,803$27,291$26,796$26,315$24,570
3 years$18,699$18,169$17,659$17,168$16,695$15,008
4 years$13,885$13,356$12,851$12,369$11,907$10,290
5 years$10,997$10,472$9,973$9,500$9,052$7,510
6 years$9,072$8,551$8,060$7,598$7,162$5,696
7 years$7,698$7,181$6,698$6,246$5,825$4,435
8 years$6,668$6,155$5,680$5,240$4,832$3,517
9 years$5,867$5,359$4,892$4,463$4,069$2,828
10 years$5,226$4,724$4,265$3,847$3,467$2,298
11 years$4,703$4,206$3,755$3,348$2,982$1,882
12 years$4,267$3,775$3,333$2,937$2,584$1,551
13 years$3,898$3,411$2,977$2,593$2,253$1,285
14 years$3,583$3,101$2,675$2,302$1,975$1,069
15 years$3,309$2,833$2,415$2,053$1,739$892
16 years$3,070$2,599$2,190$1,838$1,537$747
17 years$2,860$2,393$1,993$1,651$1,363$627
18 years$2,673$2,212$1,819$1,488$1,212$527
19 years$2,506$2,050$1,665$1,345$1,080$443
20 years$2,355$1,905$1,528$1,218$965$374
21 years$2,220$1,774$1,406$1,105$863$315
22 years$2,096$1,656$1,296$1,005$774$266
23 years$1,984$1,549$1,196$915$695$225
24 years$1,881$1,451$1,106$835$624$191
25 years$1,787$1,362$1,025$762$562$161
26 years$1,700$1,280$950$697$506$137
27 years$1,619$1,205$882$638$456$116
28 years$1,545$1,135$820$585$412$98
29 years$1,475$1,071$763$536$372$83
30 years$1,411$1,011$711$492$336$70
31 years$1,350$956$663$452$304$60
32 years$1,294$905$619$415$275$51
33 years$1,241$857$578$382$249$43
34 years$1,191$812$540$351$225$36
35 years$1,145$770$505$323$204$31
36 years$1,101$731$472$298$185$26
37 years$1,059$694$442$274$167$22
38 years$1,020$660$414$253$152$19
39 years$983$627$388$233$138$16
40 years$947$597$363$215$125$14
41 years$914$568$341$198$113$12
42 years$882$541$320$183$103$10
43 years$852$516$300$169$93$8
44 years$823$491$281$156$85$7
45 years$796$469$264$144$77$6
46 years$770$447$248$133$70$5
47 years$745$427$233$123$63$4
48 years$721$407$219$114$58$4
49 years$698$389$206$105$52$3
50 years$677$372$194$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $693,000, adding $3,781 every year, while hoping to spend $45,773 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: 59/28/13 Blend
44$693,000$693,000$693,000$693,000
45$767,586$730,857$720,116$810,182
46$797,178$717,967$695,537$826,450
47$828,254$702,911$668,602$838,734
48$860,917$685,535$639,181$851,039
49$895,279$665,675$607,143$863,370
50$931,463$643,159$572,347$875,740
51$969,601$617,802$534,650$888,159
52$1,009,838$589,412$493,897$900,646
53$1,052,330$557,782$449,932$913,222
54$1,097,251$522,697$402,588$925,911
55$1,144,788$483,926$351,692$938,747
56$1,195,145$441,227$297,063$951,765
57$1,248,547$394,344$238,511$965,013
58$1,305,238$343,006$175,841$978,542
59$1,365,485$286,927$108,845$992,415
60$1,429,582$225,804$37,308$1,006,705
61$1,497,849$159,317$0$1,021,496
62$1,570,636$87,130$0$1,042,300
63$1,648,327$8,886$0$1,069,691
64$1,731,344$0$0$1,098,649
65$1,820,148$0$0$1,152,712
66$1,915,243$0$0$1,213,574
67$2,017,187$0$0$1,278,857
68$2,126,585$0$0$1,348,957
69$2,244,108$0$0$1,424,305
70$2,370,486$0$0$1,505,379
71$2,506,526$0$0$1,592,700
72$2,653,111$0$0$1,686,841
73$2,811,212$0$0$1,788,433
74$2,981,895$0$0$1,898,168
75$3,166,331$0$0$2,016,806
76$3,365,809$0$0$2,145,183
77$3,581,743$0$0$2,284,218
78$3,815,691$0$0$2,434,923
79$4,069,362$0$0$2,598,407
80$4,344,639$0$0$2,775,893
81$4,643,590$0$0$2,968,725
82$4,968,492$0$0$3,178,380
83$5,321,849$0$0$3,406,487
84$5,706,414$0$0$3,654,833
85$6,125,221$0$0$3,925,389
86$6,581,603$0$0$4,220,320
87$7,079,232$0$0$4,542,013
88$7,622,147$0$0$4,893,092
89$8,214,797$0$0$5,276,446
90$8,862,075$0$0$5,695,257
91$9,569,370$0$0$6,153,026
92$10,342,616$0$0$6,653,608
93$11,188,343$0$0$7,201,248
94$12,113,744$0$0$7,800,620
95$13,126,739$0$0$8,456,870
96$14,236,046$0$0$9,175,667
97$15,451,270$0$0$9,963,251
98$16,782,986$0$0$10,826,496
99$18,242,841$0$0$11,772,972
100$19,843,662$0$0$12,811,017