Can I retire at age 45 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$57,558$57,045$56,545$56,056$55,580$55,253
2 years$28,494$27,963$27,449$26,950$26,467$26,137
3 years$18,807$18,274$17,761$17,267$16,791$16,469
4 years$13,965$13,434$12,926$12,440$11,976$11,663
5 years$11,060$10,532$10,031$9,555$9,104$8,802
6 years$9,124$8,600$8,106$7,641$7,204$6,912
7 years$7,742$7,222$6,736$6,282$5,858$5,579
8 years$6,706$6,191$5,713$5,270$4,860$4,592
9 years$5,901$5,390$4,921$4,489$4,093$3,836
10 years$5,257$4,751$4,290$3,870$3,487$3,241
11 years$4,730$4,230$3,777$3,368$2,999$2,764
12 years$4,291$3,796$3,352$2,954$2,599$2,374
13 years$3,921$3,431$2,995$2,608$2,266$2,052
14 years$3,603$3,119$2,691$2,315$1,987$1,783
15 years$3,328$2,849$2,429$2,065$1,749$1,555
16 years$3,088$2,614$2,203$1,849$1,546$1,362
17 years$2,876$2,407$2,004$1,661$1,371$1,196
18 years$2,688$2,224$1,830$1,497$1,219$1,053
19 years$2,520$2,062$1,675$1,353$1,086$929
20 years$2,369$1,916$1,537$1,225$970$822
21 years$2,232$1,784$1,414$1,112$868$728
22 years$2,108$1,666$1,303$1,011$778$646
23 years$1,995$1,558$1,203$921$699$574
24 years$1,892$1,460$1,113$840$628$510
25 years$1,797$1,370$1,031$767$565$454
26 years$1,709$1,287$956$701$509$405
27 years$1,628$1,212$888$642$459$361
28 years$1,553$1,142$825$588$414$322
29 years$1,484$1,077$768$539$374$288
30 years$1,419$1,017$715$495$338$257
31 years$1,358$962$667$454$305$230
32 years$1,301$910$622$418$276$206
33 years$1,248$862$581$384$250$184
34 years$1,198$817$543$353$226$165
35 years$1,151$775$507$325$205$147
36 years$1,107$735$475$300$186$132
37 years$1,065$698$444$276$168$118
38 years$1,026$664$416$254$153$106
39 years$988$631$390$235$138$95
40 years$953$600$365$216$126$85
41 years$919$571$343$200$114$76
42 years$887$544$321$184$103$68
43 years$857$519$302$170$94$61
44 years$828$494$283$157$85$55
45 years$801$471$266$145$77$49
46 years$774$450$250$134$70$44
47 years$749$429$235$124$64$40
48 years$725$410$220$114$58$36
49 years$702$391$207$106$53$32
50 years$681$374$195$98$48$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $697,000, adding $6,484 every year, while hoping to spend $49,866 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: 52/28/20 Blend
44$697,000$697,000$697,000$697,000
45$774,782$737,841$727,038$810,487
46$800,753$720,938$698,336$818,861
47$827,701$701,536$667,002$822,251
48$855,675$679,459$632,895$824,873
49$884,723$654,522$595,866$826,671
50$914,900$626,529$555,763$827,587
51$946,263$595,272$512,424$827,559
52$978,873$560,532$465,682$826,524
53$1,012,797$522,076$415,361$824,415
54$1,048,104$479,660$361,277$821,162
55$1,084,871$433,023$303,240$816,694
56$1,123,178$381,892$241,049$810,935
57$1,163,114$325,976$174,496$803,807
58$1,204,772$264,970$103,362$795,229
59$1,248,254$198,549$27,420$785,118
60$1,293,671$126,373$0$773,388
61$1,341,140$48,079$0$771,392
62$1,390,790$0$0$774,584
63$1,442,759$0$0$788,378
64$1,497,197$0$0$818,364
65$1,554,267$0$0$849,821
66$1,614,145$0$0$882,847
67$1,677,023$0$0$917,552
68$1,743,109$0$0$954,053
69$1,812,629$0$0$992,479
70$1,885,830$0$0$1,032,970
71$1,962,979$0$0$1,075,677
72$2,044,368$0$0$1,120,767
73$2,130,316$0$0$1,168,420
74$2,221,169$0$0$1,218,834
75$2,317,306$0$0$1,272,224
76$2,419,141$0$0$1,328,826
77$2,527,126$0$0$1,388,896
78$2,641,754$0$0$1,452,716
79$2,763,564$0$0$1,520,593
80$2,893,149$0$0$1,592,865
81$3,031,154$0$0$1,669,899
82$3,178,287$0$0$1,752,099
83$3,335,323$0$0$1,839,907
84$3,503,111$0$0$1,933,809
85$3,682,583$0$0$2,034,334
86$3,874,758$0$0$2,142,067
87$4,080,757$0$0$2,257,645
88$4,301,808$0$0$2,381,771
89$4,539,257$0$0$2,515,214
90$4,794,584$0$0$2,658,818
91$5,069,412$0$0$2,813,513
92$5,365,525$0$0$2,980,316
93$5,684,881$0$0$3,160,348
94$6,029,631$0$0$3,354,838
95$6,402,140$0$0$3,565,139
96$6,805,006$0$0$3,792,736
97$7,241,085$0$0$4,039,262
98$7,713,515$0$0$4,306,513
99$8,225,750$0$0$4,596,464
100$8,781,584$0$0$4,911,287