Can I retire at age 45 with 703,000?

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 $703,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$58,053$57,536$57,031$56,539$56,058$54,026
2 years$28,739$28,204$27,685$27,182$26,694$24,670
3 years$18,969$18,432$17,914$17,416$16,936$14,982
4 years$14,085$13,549$13,037$12,547$12,079$10,210
5 years$11,155$10,623$10,117$9,637$9,182$7,404
6 years$9,203$8,674$8,176$7,707$7,266$5,580
7 years$7,809$7,285$6,794$6,336$5,909$4,314
8 years$6,764$6,244$5,762$5,316$4,902$3,397
9 years$5,951$5,437$4,963$4,528$4,128$2,712
10 years$5,302$4,792$4,327$3,903$3,517$2,187
11 years$4,771$4,266$3,809$3,397$3,025$1,777
12 years$4,328$3,829$3,381$2,979$2,621$1,453
13 years$3,954$3,460$3,020$2,630$2,286$1,194
14 years$3,634$3,145$2,714$2,335$2,004$985
15 years$3,357$2,873$2,450$2,082$1,764$815
16 years$3,115$2,636$2,221$1,864$1,559$677
17 years$2,901$2,428$2,021$1,675$1,383$563
18 years$2,711$2,244$1,845$1,510$1,229$469
19 years$2,542$2,079$1,689$1,364$1,096$391
20 years$2,389$1,932$1,550$1,236$979$327
21 years$2,252$1,800$1,426$1,121$876$273
22 years$2,127$1,680$1,314$1,020$785$229
23 years$2,013$1,571$1,214$928$705$191
24 years$1,908$1,472$1,122$847$633$160
25 years$1,812$1,382$1,039$773$570$134
26 years$1,724$1,298$964$707$513$113
27 years$1,643$1,222$895$647$463$95
28 years$1,567$1,151$832$593$418$79
29 years$1,497$1,086$774$544$377$67
30 years$1,431$1,026$721$499$341$56
31 years$1,370$970$673$458$308$47
32 years$1,313$918$627$421$279$39
33 years$1,259$869$586$387$252$33
34 years$1,209$824$547$356$228$28
35 years$1,161$781$512$328$207$23
36 years$1,117$741$479$302$187$20
37 years$1,074$704$448$278$170$16
38 years$1,035$669$420$257$154$14
39 years$997$636$393$237$140$12
40 years$961$605$369$218$127$10
41 years$927$576$346$201$115$8
42 years$895$549$324$186$104$7
43 years$864$523$304$172$95$6
44 years$835$499$286$158$86$5
45 years$807$475$268$146$78$4
46 years$781$454$252$135$71$3
47 years$756$433$237$125$64$3
48 years$732$413$222$115$58$2
49 years$708$395$209$107$53$2
50 years$686$377$196$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $703,000, adding $4,991 every year, while hoping to spend $39,479 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: 65/29/6 Blend
44$703,000$703,000$703,000$703,000
45$779,854$742,595$731,699$829,462
46$817,394$736,977$714,205$857,449
47$857,440$729,760$694,803$882,845
48$900,205$720,825$673,385$909,544
49$945,925$710,045$649,842$937,670
50$994,856$697,283$624,059$967,358
51$1,047,280$682,399$595,913$998,759
52$1,103,506$665,240$565,280$1,032,042
53$1,163,873$645,646$532,027$1,067,392
54$1,228,754$623,449$496,015$1,105,016
55$1,298,557$598,468$457,102$1,145,144
56$1,373,731$570,514$415,135$1,188,028
57$1,454,768$539,385$369,959$1,233,953
58$1,542,209$504,871$321,408$1,283,231
59$1,636,650$466,745$269,311$1,336,209
60$1,738,744$424,771$213,488$1,393,271
61$1,849,209$378,697$153,753$1,454,845
62$1,968,834$328,259$89,909$1,521,404
63$2,098,487$273,177$21,754$1,593,471
64$2,239,124$213,153$0$1,671,627
65$2,391,793$147,876$0$1,759,780
66$2,557,649$77,015$0$1,857,074
67$2,737,962$221$0$1,962,922
68$2,934,129$0$0$2,078,210
69$3,147,687$0$0$2,230,369
70$3,380,328$0$0$2,396,243
71$3,633,913$0$0$2,577,096
72$3,910,490$0$0$2,774,393
73$4,212,315$0$0$2,989,750
74$4,541,869$0$0$3,224,942
75$4,901,884$0$0$3,481,926
76$5,295,369$0$0$3,762,856
77$5,725,634$0$0$4,070,103
78$6,196,325$0$0$4,406,278
79$6,711,457$0$0$4,774,254
80$7,275,450$0$0$5,177,198
81$7,893,172$0$0$5,618,595
82$8,569,985$0$0$6,102,284
83$9,311,791$0$0$6,632,493
84$10,125,092$0$0$7,213,878
85$11,017,051$0$0$7,851,569
86$11,995,555$0$0$8,551,212
87$13,069,290$0$0$9,319,031
88$14,247,828$0$0$10,161,879
89$15,541,709$0$0$11,087,305
90$16,962,545$0$0$12,103,625
91$18,523,127$0$0$13,220,001
92$20,237,545$0$0$14,446,523
93$22,121,324$0$0$15,794,311
94$24,191,565$0$0$17,275,611
95$26,467,106$0$0$18,903,918
96$28,968,705$0$0$20,694,098
97$31,719,228$0$0$22,662,528
98$34,743,870$0$0$24,827,253
99$38,070,388$0$0$27,208,154
100$41,729,363$0$0$29,827,136