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%
1 years$57,805$57,290$56,788$56,298$55,819$54,647
2 years$28,617$28,084$27,567$27,066$26,580$25,406
3 years$18,888$18,353$17,838$17,342$16,864$15,722
4 years$14,025$13,491$12,981$12,494$12,027$10,928
5 years$11,108$10,577$10,074$9,596$9,143$8,089
6 years$9,164$8,637$8,141$7,674$7,235$6,227
7 years$7,776$7,254$6,765$6,309$5,884$4,923
8 years$6,735$6,218$5,738$5,293$4,881$3,966
9 years$5,926$5,414$4,942$4,508$4,111$3,242
10 years$5,279$4,772$4,308$3,886$3,502$2,678
11 years$4,750$4,248$3,793$3,382$3,012$2,232
12 years$4,310$3,813$3,366$2,967$2,610$1,873
13 years$3,938$3,446$3,008$2,619$2,276$1,580
14 years$3,619$3,132$2,702$2,325$1,995$1,339
15 years$3,343$2,861$2,440$2,073$1,757$1,139
16 years$3,101$2,625$2,212$1,857$1,553$972
17 years$2,889$2,418$2,013$1,668$1,377$832
18 years$2,700$2,234$1,837$1,503$1,224$713
19 years$2,531$2,070$1,682$1,358$1,091$613
20 years$2,379$1,924$1,544$1,230$975$527
21 years$2,242$1,792$1,420$1,117$872$454
22 years$2,117$1,673$1,309$1,015$782$392
23 years$2,004$1,565$1,208$925$702$338
24 years$1,900$1,466$1,118$843$631$292
25 years$1,805$1,376$1,035$770$568$253
26 years$1,717$1,293$960$704$511$219
27 years$1,635$1,217$891$645$461$189
28 years$1,560$1,147$829$591$416$164
29 years$1,490$1,082$771$542$376$142
30 years$1,425$1,021$718$497$339$123
31 years$1,364$966$670$456$307$107
32 years$1,307$914$625$419$278$93
33 years$1,254$865$583$386$251$80
34 years$1,203$820$545$355$227$70
35 years$1,156$778$510$327$206$61
36 years$1,112$738$477$301$187$53
37 years$1,070$701$446$277$169$46
38 years$1,030$666$418$256$153$40
39 years$993$634$391$236$139$34
40 years$957$603$367$217$126$30
41 years$923$574$344$201$114$26
42 years$891$547$323$185$104$23
43 years$861$521$303$171$94$20
44 years$832$496$284$158$86$17
45 years$804$473$267$146$78$15
46 years$778$452$251$135$70$13
47 years$753$431$236$124$64$11
48 years$728$411$221$115$58$10
49 years$705$393$208$106$53$8
50 years$683$375$196$98$48$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $700,000, adding $3,237 every year, while hoping to spend $33,583 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: 42/48/10 Blend
44$700,000$700,000$700,000$700,000
45$774,739$737,639$726,789$804,877
46$818,030$738,051$715,404$826,669
47$864,612$737,358$702,513$846,626
48$914,784$735,470$688,028$867,480
49$968,875$732,292$671,861$889,328
50$1,027,249$727,723$653,917$912,277
51$1,090,303$721,655$634,097$936,446
52$1,158,473$713,976$612,300$961,971
53$1,232,242$704,565$588,416$989,001
54$1,312,136$693,295$562,333$1,017,706
55$1,398,737$680,029$533,935$1,048,275
56$1,492,684$664,626$503,097$1,080,918
57$1,594,678$646,933$469,691$1,115,870
58$1,705,492$626,790$433,582$1,153,396
59$1,825,976$604,027$394,632$1,193,787
60$1,957,065$578,463$352,691$1,237,372
61$2,099,788$549,910$307,609$1,284,514
62$2,255,276$518,166$259,223$1,335,621
63$2,424,776$483,017$207,368$1,391,143
64$2,609,657$444,239$151,869$1,451,585
65$2,811,429$401,593$92,544$1,517,507
66$3,031,752$354,829$29,202$1,589,530
67$3,272,456$303,681$0$1,668,347
68$3,535,553$247,868$0$1,758,824
69$3,823,259$187,093$0$1,861,309
70$4,138,014$121,043$0$1,973,655
71$4,482,504$49,387$0$2,096,939
72$4,859,689$0$0$2,232,355
73$5,272,825$0$0$2,396,131
74$5,725,501$0$0$2,604,250
75$6,221,667$0$0$2,832,455
76$6,765,676$0$0$3,082,758
77$7,362,319$0$0$3,357,375
78$8,016,877$0$0$3,658,749
79$8,735,163$0$0$3,989,570
80$9,523,581$0$0$4,352,799
81$10,389,187$0$0$4,751,701
82$11,339,753$0$0$5,189,870
83$12,383,839$0$0$5,671,268
84$13,530,875$0$0$6,200,258
85$14,791,252$0$0$6,781,646
86$16,176,414$0$0$7,420,728
87$17,698,971$0$0$8,123,337
88$19,372,814$0$0$8,895,903
89$21,213,249$0$0$9,745,505
90$23,237,137$0$0$10,679,947
91$25,463,056$0$0$11,707,825
92$27,911,474$0$0$12,838,610
93$30,604,943$0$0$14,082,737
94$33,568,310$0$0$15,451,705
95$36,828,954$0$0$16,958,182
96$40,417,038$0$0$18,616,127
97$44,365,801$0$0$20,440,922
98$48,711,863$0$0$22,449,513
99$53,495,577$0$0$24,660,574
100$58,761,406$0$0$27,094,682