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%17%
1 years$57,805$57,290$56,788$56,298$55,819$54,228
2 years$28,617$28,084$27,567$27,066$26,580$24,990
3 years$18,888$18,353$17,838$17,342$16,864$15,323
4 years$14,025$13,491$12,981$12,494$12,027$10,549
5 years$11,108$10,577$10,074$9,596$9,143$7,731
6 years$9,164$8,637$8,141$7,674$7,235$5,890
7 years$7,776$7,254$6,765$6,309$5,884$4,607
8 years$6,735$6,218$5,738$5,293$4,881$3,671
9 years$5,926$5,414$4,942$4,508$4,111$2,966
10 years$5,279$4,772$4,308$3,886$3,502$2,422
11 years$4,750$4,248$3,793$3,382$3,012$1,994
12 years$4,310$3,813$3,366$2,967$2,610$1,652
13 years$3,938$3,446$3,008$2,619$2,276$1,376
14 years$3,619$3,132$2,702$2,325$1,995$1,151
15 years$3,343$2,861$2,440$2,073$1,757$966
16 years$3,101$2,625$2,212$1,857$1,553$814
17 years$2,889$2,418$2,013$1,668$1,377$687
18 years$2,700$2,234$1,837$1,503$1,224$581
19 years$2,531$2,070$1,682$1,358$1,091$492
20 years$2,379$1,924$1,544$1,230$975$417
21 years$2,242$1,792$1,420$1,117$872$354
22 years$2,117$1,673$1,309$1,015$782$301
23 years$2,004$1,565$1,208$925$702$256
24 years$1,900$1,466$1,118$843$631$218
25 years$1,805$1,376$1,035$770$568$186
26 years$1,717$1,293$960$704$511$158
27 years$1,635$1,217$891$645$461$135
28 years$1,560$1,147$829$591$416$115
29 years$1,490$1,082$771$542$376$98
30 years$1,425$1,021$718$497$339$84
31 years$1,364$966$670$456$307$71
32 years$1,307$914$625$419$278$61
33 years$1,254$865$583$386$251$52
34 years$1,203$820$545$355$227$45
35 years$1,156$778$510$327$206$38
36 years$1,112$738$477$301$187$32
37 years$1,070$701$446$277$169$28
38 years$1,030$666$418$256$153$24
39 years$993$634$391$236$139$20
40 years$957$603$367$217$126$17
41 years$923$574$344$201$114$15
42 years$891$547$323$185$104$13
43 years$861$521$303$171$94$11
44 years$832$496$284$158$86$9
45 years$804$473$267$146$78$8
46 years$778$452$251$135$70$7
47 years$753$431$236$124$64$6
48 years$728$411$221$115$58$5
49 years$705$393$208$106$53$4
50 years$683$375$196$98$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $700,000, adding $2,147 every year, while hoping to spend $50,893 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: 38/42/20 Blend
44$700,000$700,000$700,000$700,000
45$773,615$736,515$725,665$798,301
46$798,374$718,454$695,825$798,266
47$823,952$697,803$663,279$793,265
48$850,380$674,380$627,884$786,812
49$877,689$647,995$589,489$778,807
50$905,912$618,445$547,935$769,141
51$935,082$585,516$503,058$757,700
52$965,236$548,982$454,685$744,363
53$996,411$508,602$402,638$729,005
54$1,028,646$464,125$346,728$711,492
55$1,061,983$415,283$286,759$691,682
56$1,096,466$361,792$222,526$669,427
57$1,132,140$303,355$153,815$644,570
58$1,169,054$239,654$80,403$616,948
59$1,207,258$170,358$2,057$586,385
60$1,246,806$95,113$0$552,699
61$1,287,755$13,549$0$533,101
62$1,330,164$0$0$511,585
63$1,374,098$0$0$522,092
64$1,419,623$0$0$539,477
65$1,466,810$0$0$557,504
66$1,515,736$0$0$576,205
67$1,566,481$0$0$595,612
68$1,619,129$0$0$615,757
69$1,673,774$0$0$636,679
70$1,730,511$0$0$658,415
71$1,789,445$0$0$681,007
72$1,850,686$0$0$704,499
73$1,914,354$0$0$728,940
74$1,980,575$0$0$754,380
75$2,049,485$0$0$780,875
76$2,121,232$0$0$808,482
77$2,195,972$0$0$837,266
78$2,273,874$0$0$867,296
79$2,355,120$0$0$898,644
80$2,439,906$0$0$931,390
81$2,528,445$0$0$965,620
82$2,620,964$0$0$1,001,428
83$2,717,711$0$0$1,038,914
84$2,818,952$0$0$1,078,186
85$2,924,977$0$0$1,119,363
86$3,036,098$0$0$1,162,573
87$3,152,657$0$0$1,207,956
88$3,275,021$0$0$1,255,661
89$3,403,591$0$0$1,305,854
90$3,538,803$0$0$1,358,713
91$3,681,130$0$0$1,414,433
92$3,831,087$0$0$1,473,226
93$3,989,236$0$0$1,535,323
94$4,156,189$0$0$1,600,978
95$4,332,612$0$0$1,670,463
96$4,519,235$0$0$1,744,082
97$4,716,850$0$0$1,822,161
98$4,926,327$0$0$1,905,060
99$5,148,614$0$0$1,993,171
100$5,384,748$0$0$2,086,924