Can I retire at age 45 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$57,805$57,290$56,788$56,298$55,819$54,670
2 years$28,617$28,084$27,567$27,066$26,580$25,428
3 years$18,888$18,353$17,838$17,342$16,864$15,744
4 years$14,025$13,491$12,981$12,494$12,027$10,948
5 years$11,108$10,577$10,074$9,596$9,143$8,108
6 years$9,164$8,637$8,141$7,674$7,235$6,245
7 years$7,776$7,254$6,765$6,309$5,884$4,940
8 years$6,735$6,218$5,738$5,293$4,881$3,983
9 years$5,926$5,414$4,942$4,508$4,111$3,257
10 years$5,279$4,772$4,308$3,886$3,502$2,693
11 years$4,750$4,248$3,793$3,382$3,012$2,245
12 years$4,310$3,813$3,366$2,967$2,610$1,885
13 years$3,938$3,446$3,008$2,619$2,276$1,591
14 years$3,619$3,132$2,702$2,325$1,995$1,350
15 years$3,343$2,861$2,440$2,073$1,757$1,149
16 years$3,101$2,625$2,212$1,857$1,553$981
17 years$2,889$2,418$2,013$1,668$1,377$840
18 years$2,700$2,234$1,837$1,503$1,224$721
19 years$2,531$2,070$1,682$1,358$1,091$620
20 years$2,379$1,924$1,544$1,230$975$534
21 years$2,242$1,792$1,420$1,117$872$460
22 years$2,117$1,673$1,309$1,015$782$397
23 years$2,004$1,565$1,208$925$702$343
24 years$1,900$1,466$1,118$843$631$297
25 years$1,805$1,376$1,035$770$568$257
26 years$1,717$1,293$960$704$511$222
27 years$1,635$1,217$891$645$461$193
28 years$1,560$1,147$829$591$416$167
29 years$1,490$1,082$771$542$376$145
30 years$1,425$1,021$718$497$339$126
31 years$1,364$966$670$456$307$109
32 years$1,307$914$625$419$278$95
33 years$1,254$865$583$386$251$82
34 years$1,203$820$545$355$227$71
35 years$1,156$778$510$327$206$62
36 years$1,112$738$477$301$187$54
37 years$1,070$701$446$277$169$47
38 years$1,030$666$418$256$153$41
39 years$993$634$391$236$139$35
40 years$957$603$367$217$126$31
41 years$923$574$344$201$114$27
42 years$891$547$323$185$104$23
43 years$861$521$303$171$94$20
44 years$832$496$284$158$86$18
45 years$804$473$267$146$78$15
46 years$778$452$251$135$70$13
47 years$753$431$236$124$64$12
48 years$728$411$221$115$58$10
49 years$705$393$208$106$53$9
50 years$683$375$196$98$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $700,000, adding $2,070 every year, while hoping to spend $22,256 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: 62/29/9 Blend
44$700,000$700,000$700,000$700,000
45$773,535$736,435$725,585$819,860
46$828,756$748,840$726,212$863,498
47$888,863$761,107$726,114$908,348
48$954,331$773,206$725,243$956,740
49$1,025,683$785,104$723,550$1,009,017
50$1,103,495$796,766$720,981$1,065,555
51$1,188,399$808,155$717,481$1,126,773
52$1,281,093$819,232$712,994$1,193,127
53$1,382,342$829,952$707,457$1,265,123
54$1,492,993$840,271$700,808$1,343,319
55$1,613,973$850,140$692,981$1,428,329
56$1,746,308$859,506$683,905$1,520,829
57$1,891,123$868,314$673,508$1,621,567
58$2,049,661$876,504$661,713$1,731,365
59$2,223,287$884,013$648,441$1,851,131
60$2,413,507$890,774$633,608$1,981,863
61$2,621,977$896,715$617,127$2,124,665
62$2,850,524$901,759$598,906$2,280,753
63$3,101,157$905,825$578,849$2,451,466
64$3,376,091$908,827$556,856$2,638,281
65$3,677,765$910,672$532,824$2,842,827
66$4,008,865$911,262$506,641$3,066,900
67$4,372,350$910,495$478,194$3,312,480
68$4,771,480$908,259$447,364$3,581,749
69$5,209,845$904,439$414,025$3,877,113
70$5,691,401$898,908$378,047$4,201,225
71$6,220,506$891,536$339,293$4,557,009
72$6,801,960$882,184$297,622$4,947,691
73$7,441,051$870,702$252,883$5,376,824
74$8,143,606$856,935$204,923$5,848,327
75$8,916,045$840,715$153,579$6,366,521
76$9,765,438$821,867$98,681$6,936,168
77$10,699,579$800,205$40,052$7,562,519
78$11,727,050$775,529$0$8,251,362
79$12,857,312$747,632$0$9,011,240
80$14,100,784$716,293$0$9,851,270
81$15,468,949$681,277$0$10,775,376
82$16,974,459$642,336$0$11,792,127
83$18,631,252$599,209$0$12,910,966
84$20,454,689$551,619$0$14,142,304
85$22,461,692$499,273$0$15,497,614
86$24,670,909$441,862$0$16,989,543
87$27,102,886$379,058$0$18,632,029
88$29,780,266$310,517$0$20,440,438
89$32,727,994$235,873$0$22,431,702
90$35,973,559$154,741$0$24,624,485
91$39,547,253$66,714$0$27,039,360
92$43,482,451$0$0$29,699,000
93$47,815,934$0$0$32,637,535
94$52,588,227$0$0$35,897,142
95$57,843,988$0$0$39,487,041
96$63,632,428$0$0$43,440,855
97$70,007,772$0$0$47,795,631
98$77,029,773$0$0$52,592,194
99$84,764,276$0$0$57,875,530
100$93,283,839$0$0$63,695,214