Can I retire at age 45 with 698,000?

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 $698,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$57,640$57,127$56,626$56,137$55,660$54,987
2 years$28,535$28,003$27,488$26,989$26,505$25,828
3 years$18,834$18,300$17,787$17,292$16,816$16,155
4 years$13,985$13,453$12,944$12,458$11,993$11,355
5 years$11,076$10,547$10,045$9,569$9,117$8,502
6 years$9,137$8,613$8,118$7,652$7,214$6,624
7 years$7,753$7,233$6,746$6,291$5,867$5,301
8 years$6,716$6,200$5,721$5,278$4,867$4,326
9 years$5,909$5,398$4,928$4,495$4,099$3,582
10 years$5,264$4,758$4,296$3,875$3,492$3,000
11 years$4,737$4,236$3,782$3,373$3,004$2,535
12 years$4,298$3,802$3,357$2,958$2,603$2,157
13 years$3,926$3,436$2,999$2,612$2,270$1,846
14 years$3,608$3,123$2,695$2,318$1,990$1,588
15 years$3,333$2,853$2,433$2,067$1,752$1,372
16 years$3,092$2,618$2,206$1,851$1,548$1,189
17 years$2,880$2,411$2,007$1,663$1,373$1,033
18 years$2,692$2,228$1,832$1,499$1,221$900
19 years$2,524$2,064$1,677$1,354$1,088$786
20 years$2,372$1,918$1,539$1,227$972$687
21 years$2,236$1,787$1,416$1,113$870$602
22 years$2,111$1,668$1,305$1,012$780$528
23 years$1,998$1,560$1,205$922$700$464
24 years$1,895$1,462$1,114$841$629$408
25 years$1,800$1,372$1,032$768$566$359
26 years$1,712$1,289$957$702$510$316
27 years$1,631$1,213$889$643$460$279
28 years$1,556$1,143$826$589$415$246
29 years$1,486$1,079$769$540$374$217
30 years$1,421$1,019$716$496$338$191
31 years$1,360$963$668$455$306$169
32 years$1,303$911$623$418$277$149
33 years$1,250$863$582$385$250$132
34 years$1,200$818$544$354$227$117
35 years$1,153$776$508$326$205$103
36 years$1,109$736$475$300$186$91
37 years$1,067$699$445$276$169$81
38 years$1,027$664$417$255$153$71
39 years$990$632$390$235$139$63
40 years$954$601$366$217$126$56
41 years$921$572$343$200$114$49
42 years$889$545$322$185$104$44
43 years$858$519$302$170$94$39
44 years$829$495$283$157$85$34
45 years$802$472$266$145$77$30
46 years$775$450$250$134$70$27
47 years$750$430$235$124$64$24
48 years$726$410$221$115$58$21
49 years$703$392$207$106$53$19
50 years$681$374$195$98$48$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $698,000, adding $5,650 every year, while hoping to spend $48,407 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: 68/13/19 Blend
44$698,000$698,000$698,000$698,000
45$775,024$738,030$727,211$823,737
46$802,572$722,689$700,068$841,665
47$831,307$704,973$670,393$855,089
48$861,300$684,717$638,051$868,588
49$892,626$661,741$602,899$882,168
50$925,366$635,859$564,788$895,836
51$959,609$606,872$523,565$909,599
52$995,451$574,570$479,065$923,470
53$1,032,994$538,731$431,121$937,462
54$1,072,351$499,120$379,555$951,592
55$1,113,643$455,489$324,183$965,882
56$1,157,001$407,576$264,810$980,357
57$1,202,571$355,102$201,236$995,047
58$1,250,506$297,775$133,251$1,009,987
59$1,300,977$235,285$60,634$1,025,220
60$1,354,167$167,305$0$1,040,794
61$1,410,279$93,490$0$1,060,184
62$1,469,530$13,474$0$1,093,378
63$1,532,161$0$0$1,128,196
64$1,598,431$0$0$1,175,240
65$1,668,625$0$0$1,227,130
66$1,743,054$0$0$1,282,171
67$1,822,059$0$0$1,340,618
68$1,906,010$0$0$1,402,748
69$1,995,314$0$0$1,468,864
70$2,090,416$0$0$1,539,300
71$2,191,804$0$0$1,614,420
72$2,300,010$0$0$1,694,622
73$2,415,620$0$0$1,780,345
74$2,539,273$0$0$1,872,066
75$2,671,673$0$0$1,970,313
76$2,813,590$0$0$2,075,660
77$2,965,868$0$0$2,188,740
78$3,129,436$0$0$2,310,247
79$3,305,310$0$0$2,440,943
80$3,494,609$0$0$2,581,664
81$3,698,559$0$0$2,733,329
82$3,918,508$0$0$2,896,946
83$4,155,937$0$0$3,073,624
84$4,412,473$0$0$3,264,581
85$4,689,903$0$0$3,471,154
86$4,990,192$0$0$3,694,817
87$5,315,502$0$0$3,937,185
88$5,668,207$0$0$4,200,038
89$6,050,920$0$0$4,485,331
90$6,466,513$0$0$4,795,217
91$6,918,145$0$0$5,132,060
92$7,409,294$0$0$5,498,466
93$7,943,783$0$0$5,897,297
94$8,525,821$0$0$6,331,706
95$9,160,037$0$0$6,805,160
96$9,851,527$0$0$7,321,477
97$10,605,901$0$0$7,884,857
98$11,429,330$0$0$8,499,924
99$12,328,610$0$0$9,171,769
100$13,311,222$0$0$9,905,994