Can I retire at age 45 with 706,000?

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 $706,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$58,301$57,782$57,275$56,780$56,297$54,517
2 years$28,862$28,324$27,803$27,298$26,808$25,031
3 years$19,050$18,510$17,991$17,490$17,008$15,289
4 years$14,145$13,607$13,093$12,601$12,130$10,483
5 years$11,203$10,668$10,160$9,679$9,221$7,650
6 years$9,242$8,711$8,211$7,740$7,297$5,803
7 years$7,842$7,316$6,823$6,364$5,934$4,518
8 years$6,793$6,271$5,787$5,338$4,923$3,583
9 years$5,977$5,460$4,984$4,547$4,146$2,881
10 years$5,324$4,813$4,345$3,920$3,532$2,341
11 years$4,791$4,284$3,826$3,411$3,038$1,917
12 years$4,347$3,845$3,395$2,992$2,633$1,580
13 years$3,971$3,475$3,033$2,642$2,296$1,309
14 years$3,650$3,159$2,725$2,345$2,012$1,089
15 years$3,371$2,886$2,461$2,091$1,772$909
16 years$3,128$2,648$2,231$1,872$1,566$761
17 years$2,913$2,438$2,030$1,682$1,389$638
18 years$2,723$2,253$1,853$1,516$1,235$537
19 years$2,553$2,088$1,697$1,370$1,100$452
20 years$2,399$1,940$1,557$1,241$983$381
21 years$2,261$1,807$1,432$1,126$880$321
22 years$2,136$1,687$1,320$1,024$788$271
23 years$2,021$1,578$1,219$932$708$229
24 years$1,916$1,478$1,127$850$636$194
25 years$1,820$1,387$1,044$777$572$164
26 years$1,731$1,304$968$710$516$139
27 years$1,650$1,227$899$650$465$118
28 years$1,574$1,156$836$596$419$100
29 years$1,503$1,091$778$546$379$85
30 years$1,437$1,030$724$501$342$72
31 years$1,376$974$675$460$309$61
32 years$1,318$922$630$423$280$52
33 years$1,264$873$588$389$253$44
34 years$1,214$827$550$358$229$37
35 years$1,166$785$514$330$208$31
36 years$1,121$745$481$303$188$27
37 years$1,079$707$450$280$171$23
38 years$1,039$672$421$258$155$19
39 years$1,001$639$395$238$140$16
40 years$965$608$370$219$127$14
41 years$931$579$347$202$115$12
42 years$899$551$326$187$105$10
43 years$868$525$305$172$95$8
44 years$839$501$287$159$86$7
45 years$811$477$269$147$78$6
46 years$784$455$253$136$71$5
47 years$759$435$238$125$65$4
48 years$735$415$223$116$59$4
49 years$712$396$210$107$53$3
50 years$689$378$197$99$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $706,000, adding $3,635 every year, while hoping to spend $34,180 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: 70/14/16 Blend
44$706,000$706,000$706,000$706,000
45$781,762$744,344$733,401$833,327
46$825,134$744,449$721,602$868,203
47$871,785$743,414$708,263$901,928
48$922,012$741,147$693,295$937,964
49$976,144$737,550$676,607$976,536
50$1,034,540$732,519$658,103$1,017,889
51$1,097,596$725,945$637,682$1,062,296
52$1,165,745$717,711$615,239$1,110,058
53$1,239,466$707,694$590,665$1,161,507
54$1,319,284$695,763$563,843$1,217,010
55$1,405,774$681,778$534,656$1,276,971
56$1,499,572$665,595$502,976$1,341,838
57$1,601,375$647,056$468,672$1,412,104
58$1,711,951$625,997$431,608$1,488,316
59$1,832,143$602,244$391,641$1,571,074
60$1,962,881$575,613$348,620$1,661,043
61$2,105,186$545,909$302,389$1,758,958
62$2,260,181$512,925$252,785$1,865,627
63$2,429,104$476,443$199,639$1,981,946
64$2,613,317$436,233$142,771$2,108,901
65$2,814,317$392,050$81,995$2,247,581
66$3,033,754$343,637$17,119$2,399,190
67$3,273,444$290,722$0$2,565,054
68$3,535,385$233,017$0$2,755,536
69$3,821,777$170,218$0$2,967,051
70$4,135,044$102,004$0$3,198,496
71$4,477,852$28,036$0$3,451,878
72$4,853,139$0$0$3,729,411
73$5,264,140$0$0$4,041,551
74$5,714,416$0$0$4,388,289
75$6,207,891$0$0$4,768,331
76$6,748,884$0$0$5,185,009
77$7,342,153$0$0$5,641,993
78$7,992,940$0$0$6,143,325
79$8,707,016$0$0$6,693,457
80$9,490,740$0$0$7,297,293
81$10,351,116$0$0$7,960,236
82$11,295,859$0$0$8,688,234
83$12,333,466$0$0$9,487,845
84$13,473,300$0$0$10,366,288
85$14,725,675$0$0$11,331,519
86$16,101,952$0$0$12,392,301
87$17,614,648$0$0$13,558,290
88$19,277,554$0$0$14,840,121
89$21,105,862$0$0$16,249,514
90$23,116,310$0$0$17,799,380
91$25,327,340$0$0$19,503,944
92$27,759,269$0$0$21,378,877
93$30,434,485$0$0$23,441,448
94$33,377,651$0$0$25,710,681
95$36,615,944$0$0$28,207,540
96$40,179,307$0$0$30,955,121
97$44,100,731$0$0$33,978,873
98$48,416,570$0$0$37,306,837
99$53,166,877$0$0$40,969,910
100$58,395,788$0$0$45,002,137