Can I retire at age 45 with 701,000?

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 $701,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$57,888$57,372$56,869$56,378$55,899$54,327
2 years$28,657$28,124$27,606$27,105$26,618$25,047
3 years$18,915$18,379$17,863$17,366$16,888$15,366
4 years$14,045$13,511$13,000$12,511$12,045$10,584
5 years$11,124$10,592$10,088$9,610$9,156$7,760
6 years$9,177$8,650$8,153$7,685$7,245$5,916
7 years$7,787$7,264$6,775$6,318$5,892$4,629
8 years$6,745$6,226$5,746$5,300$4,888$3,691
9 years$5,934$5,421$4,949$4,515$4,116$2,984
10 years$5,287$4,779$4,315$3,892$3,507$2,438
11 years$4,757$4,254$3,798$3,387$3,016$2,008
12 years$4,316$3,818$3,371$2,971$2,614$1,665
13 years$3,943$3,451$3,012$2,623$2,279$1,388
14 years$3,624$3,136$2,706$2,328$1,998$1,162
15 years$3,347$2,865$2,443$2,076$1,759$976
16 years$3,106$2,629$2,215$1,859$1,555$822
17 years$2,893$2,421$2,016$1,670$1,379$695
18 years$2,703$2,237$1,840$1,505$1,226$588
19 years$2,534$2,073$1,685$1,360$1,093$498
20 years$2,382$1,927$1,546$1,232$976$423
21 years$2,245$1,795$1,422$1,118$873$359
22 years$2,121$1,675$1,311$1,017$783$306
23 years$2,007$1,567$1,210$926$703$260
24 years$1,903$1,468$1,119$844$632$222
25 years$1,807$1,378$1,037$771$568$189
26 years$1,719$1,295$961$705$512$161
27 years$1,638$1,219$893$645$462$138
28 years$1,562$1,148$830$591$417$117
29 years$1,492$1,083$772$542$376$100
30 years$1,427$1,023$719$498$340$86
31 years$1,366$967$671$457$307$73
32 years$1,309$915$626$420$278$62
33 years$1,255$867$584$386$252$53
34 years$1,205$821$546$355$228$46
35 years$1,158$779$510$327$206$39
36 years$1,113$739$477$301$187$33
37 years$1,071$702$447$278$169$29
38 years$1,032$667$418$256$154$24
39 years$994$635$392$236$139$21
40 years$958$604$367$218$126$18
41 years$925$575$345$201$115$15
42 years$892$547$323$185$104$13
43 years$862$522$303$171$94$11
44 years$833$497$285$158$86$10
45 years$805$474$267$146$78$8
46 years$779$452$251$135$71$7
47 years$754$432$236$124$64$6
48 years$729$412$222$115$58$5
49 years$706$393$208$106$53$4
50 years$684$376$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 $701,000, adding $4,364 every year, while hoping to spend $27,588 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: 37/46/17 Blend
44$701,000$701,000$701,000$701,000
45$777,003$739,850$728,985$801,605
46$826,904$746,750$724,053$826,648
47$880,971$753,062$718,030$850,742
48$939,598$758,731$710,852$876,183
49$1,003,221$763,693$702,450$903,108
50$1,072,319$767,883$692,752$931,667
51$1,147,419$771,233$681,682$962,029
52$1,229,099$773,666$669,162$994,378
53$1,317,996$775,105$655,108$1,028,924
54$1,414,812$775,466$639,435$1,065,896
55$1,520,318$774,659$622,051$1,105,550
56$1,635,364$772,591$602,863$1,148,170
57$1,760,884$769,160$581,771$1,194,071
58$1,897,906$764,260$558,672$1,243,604
59$2,047,562$757,779$533,458$1,297,156
60$2,211,100$749,597$506,015$1,355,158
61$2,389,891$739,586$476,226$1,418,089
62$2,585,447$727,613$443,966$1,486,476
63$2,799,430$713,534$409,107$1,560,908
64$3,033,674$697,199$371,514$1,642,034
65$3,290,194$678,447$331,045$1,730,576
66$3,571,213$657,110$287,554$1,827,331
67$3,879,176$633,007$240,886$1,933,184
68$4,216,778$605,951$190,882$2,049,113
69$4,586,986$575,739$137,373$2,176,203
70$4,993,068$542,160$80,185$2,315,652
71$5,438,624$504,989$19,135$2,468,789
72$5,927,620$463,989$0$2,637,082
73$6,464,421$418,909$0$2,830,503
74$7,053,841$369,484$0$3,046,749
75$7,701,178$315,434$0$3,284,371
76$8,412,270$256,463$0$3,545,606
77$9,193,549$192,257$0$3,832,926
78$10,052,100$122,487$0$4,149,059
79$10,995,730$46,803$0$4,497,021
80$12,033,036$0$0$4,880,138
81$13,173,493$0$0$5,319,885
82$14,427,539$0$0$5,829,589
83$15,806,674$0$0$6,390,244
84$17,323,568$0$0$7,007,017
85$18,992,180$0$0$7,685,598
86$20,827,891$0$0$8,432,255
87$22,847,648$0$0$9,253,897
88$25,070,122$0$0$10,158,136
89$27,515,887$0$0$11,153,358
90$30,207,612$0$0$12,248,803
91$33,170,273$0$0$13,454,655
92$36,431,392$0$0$14,782,133
93$40,021,295$0$0$16,243,599
94$43,973,395$0$0$17,852,676
95$48,324,513$0$0$19,624,374
96$53,115,219$0$0$21,575,233
97$58,390,216$0$0$23,723,479
98$64,198,767$0$0$26,089,194
99$70,595,152$0$0$28,694,509
100$77,639,183$0$0$31,563,809