Can I retire at age 45 with 704,000?

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 $704,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$58,136$57,618$57,113$56,619$56,138$55,140
2 years$28,780$28,244$27,725$27,221$26,732$25,730
3 years$18,996$18,458$17,940$17,441$16,960$15,985
4 years$14,105$13,568$13,055$12,565$12,096$11,156
5 years$11,171$10,638$10,132$9,651$9,195$8,292
6 years$9,216$8,687$8,188$7,718$7,276$6,411
7 years$7,820$7,295$6,804$6,345$5,917$5,091
8 years$6,773$6,253$5,770$5,323$4,909$4,121
9 years$5,960$5,444$4,970$4,534$4,134$3,384
10 years$5,309$4,799$4,333$3,908$3,522$2,810
11 years$4,777$4,272$3,815$3,401$3,029$2,354
12 years$4,335$3,835$3,385$2,984$2,625$1,985
13 years$3,960$3,465$3,025$2,634$2,289$1,684
14 years$3,639$3,150$2,718$2,338$2,007$1,435
15 years$3,362$2,877$2,454$2,085$1,767$1,227
16 years$3,119$2,640$2,225$1,867$1,562$1,053
17 years$2,905$2,431$2,024$1,678$1,385$906
18 years$2,715$2,247$1,848$1,512$1,231$782
19 years$2,545$2,082$1,692$1,366$1,097$675
20 years$2,393$1,935$1,553$1,237$980$585
21 years$2,255$1,802$1,428$1,123$877$507
22 years$2,130$1,682$1,316$1,021$786$440
23 years$2,015$1,573$1,215$930$706$382
24 years$1,911$1,474$1,124$848$634$332
25 years$1,815$1,384$1,041$774$571$289
26 years$1,727$1,300$965$708$514$252
27 years$1,645$1,224$897$648$464$220
28 years$1,569$1,153$833$594$418$191
29 years$1,499$1,088$776$545$378$167
30 years$1,433$1,027$722$500$341$146
31 years$1,372$971$673$459$309$127
32 years$1,314$919$628$422$279$111
33 years$1,261$870$587$388$253$97
34 years$1,210$825$548$357$229$85
35 years$1,163$782$513$329$207$74
36 years$1,118$743$479$303$188$65
37 years$1,076$705$449$279$170$57
38 years$1,036$670$420$257$154$49
39 years$998$637$394$237$140$43
40 years$962$606$369$219$127$38
41 years$929$577$346$202$115$33
42 years$896$550$325$186$104$29
43 years$866$524$305$172$95$25
44 years$836$499$286$159$86$22
45 years$809$476$268$146$78$19
46 years$782$454$252$135$71$17
47 years$757$433$237$125$64$15
48 years$733$414$223$116$58$13
49 years$709$395$209$107$53$11
50 years$687$377$197$99$48$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $704,000, adding $6,456 every year, while hoping to spend $28,009 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: 66/26/8 Blend
44$704,000$704,000$704,000$704,000
45$782,467$745,155$734,243$832,494
46$832,478$751,867$729,039$873,284
47$886,650$757,968$722,722$913,905
48$945,380$763,400$715,225$957,562
49$1,009,102$768,099$706,477$1,004,549
50$1,078,293$771,999$696,407$1,055,189
51$1,153,478$775,026$684,936$1,109,838
52$1,235,237$777,106$671,985$1,168,890
53$1,324,204$778,157$657,470$1,232,778
54$1,421,079$778,093$641,301$1,301,979
55$1,526,632$776,823$623,388$1,377,022
56$1,641,711$774,250$603,634$1,458,489
57$1,767,248$770,271$581,938$1,547,021
58$1,904,269$764,776$558,195$1,643,327
59$2,053,904$757,650$532,294$1,748,187
60$2,217,397$748,769$504,121$1,862,464
61$2,396,118$738,005$473,555$1,987,108
62$2,591,573$725,218$440,470$2,123,167
63$2,805,422$710,263$404,735$2,271,798
64$3,039,494$692,985$366,212$2,434,277
65$3,295,801$673,219$324,758$2,612,011
66$3,576,558$650,792$280,224$2,806,553
67$3,884,207$625,522$232,451$3,019,615
68$4,221,436$597,212$181,278$3,253,085
69$4,591,205$565,658$126,534$3,509,047
70$4,996,775$530,642$68,039$3,789,798
71$5,441,737$491,934$5,609$4,097,872
72$5,930,046$449,291$0$4,436,064
73$6,466,061$402,456$0$4,812,665
74$7,054,580$351,157$0$5,226,716
75$7,700,891$295,108$0$5,681,504
76$8,410,818$234,005$0$6,181,183
77$9,190,778$167,527$0$6,730,332
78$10,047,838$95,337$0$7,334,000
79$10,989,785$17,076$0$7,997,753
80$12,025,199$0$0$8,727,728
81$13,163,531$0$0$9,550,038
82$14,415,193$0$0$10,459,639
83$15,791,657$0$0$11,459,988
84$17,305,564$0$0$12,560,275
85$18,970,838$0$0$13,770,631
86$20,802,823$0$0$15,102,213
87$22,818,426$0$0$16,567,315
88$25,036,272$0$0$18,179,486
89$27,476,884$0$0$19,953,651
90$30,162,877$0$0$21,906,256
91$33,119,167$0$0$24,055,422
92$36,373,208$0$0$26,421,118
93$39,955,251$0$0$29,025,344
94$43,898,631$0$0$31,892,343
95$48,240,075$0$0$35,048,828
96$53,020,056$0$0$38,524,233
97$58,283,168$0$0$42,350,994
98$64,078,553$0$0$46,564,848
99$70,460,358$0$0$51,205,178
100$77,488,250$0$0$56,315,380