Can I retire at age 45 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$58,549$58,027$57,518$57,022$56,537$54,315
2 years$28,984$28,445$27,921$27,414$26,922$24,711
3 years$19,131$18,589$18,067$17,565$17,081$14,950
4 years$14,205$13,665$13,148$12,654$12,182$10,147
5 years$11,251$10,713$10,204$9,720$9,261$7,328
6 years$9,281$8,748$8,246$7,773$7,328$5,497
7 years$7,875$7,347$6,852$6,391$5,959$4,231
8 years$6,821$6,298$5,811$5,361$4,944$3,316
9 years$6,002$5,483$5,005$4,566$4,163$2,634
10 years$5,347$4,833$4,364$3,936$3,547$2,113
11 years$4,811$4,303$3,842$3,426$3,051$1,708
12 years$4,365$3,862$3,410$3,005$2,644$1,390
13 years$3,988$3,490$3,046$2,653$2,305$1,136
14 years$3,665$3,172$2,737$2,355$2,021$932
15 years$3,386$2,898$2,471$2,100$1,779$767
16 years$3,141$2,659$2,240$1,880$1,573$633
17 years$2,926$2,449$2,039$1,690$1,394$523
18 years$2,734$2,263$1,861$1,523$1,240$433
19 years$2,563$2,097$1,704$1,376$1,105$359
20 years$2,410$1,949$1,564$1,246$987$298
21 years$2,271$1,815$1,438$1,131$883$248
22 years$2,145$1,694$1,326$1,028$792$206
23 years$2,030$1,585$1,224$936$711$171
24 years$1,925$1,485$1,132$854$639$143
25 years$1,828$1,393$1,048$780$575$119
26 years$1,739$1,310$972$713$518$99
27 years$1,657$1,232$903$653$467$83
28 years$1,580$1,161$839$598$421$69
29 years$1,509$1,096$781$548$380$57
30 years$1,443$1,035$728$503$344$48
31 years$1,382$978$678$462$311$40
32 years$1,324$925$633$425$281$33
33 years$1,270$876$591$391$254$28
34 years$1,219$831$552$359$230$23
35 years$1,171$788$516$331$209$19
36 years$1,126$748$483$305$189$16
37 years$1,084$710$452$281$171$13
38 years$1,043$675$423$259$155$11
39 years$1,005$642$397$239$141$9
40 years$969$611$372$220$128$8
41 years$935$581$348$203$116$7
42 years$903$554$327$187$105$5
43 years$872$527$307$173$95$5
44 years$842$503$288$160$87$4
45 years$814$479$270$148$79$3
46 years$788$457$254$136$71$3
47 years$762$436$239$126$65$2
48 years$738$417$224$116$59$2
49 years$715$398$211$108$53$2
50 years$692$380$198$99$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $709,000, adding $4,904 every year, while hoping to spend $53,926 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: 42/33/25 Blend
44$709,000$709,000$709,000$709,000
45$786,376$748,799$737,810$813,469
46$809,210$728,114$705,150$812,645
47$832,565$704,607$669,588$806,251
48$856,438$678,084$630,971$798,267
49$880,824$648,339$589,137$788,577
50$905,712$615,152$543,918$777,059
51$931,094$578,294$495,138$763,581
52$956,954$537,518$442,613$748,006
53$983,274$492,568$386,152$730,187
54$1,010,034$443,169$325,553$709,966
55$1,037,206$389,034$260,609$687,178
56$1,064,761$329,857$191,099$661,648
57$1,092,662$265,315$116,796$633,187
58$1,120,867$195,069$37,462$601,598
59$1,149,327$118,758$0$566,668
60$1,177,984$36,003$0$540,765
61$1,206,774$0$0$522,540
62$1,235,623$0$0$521,273
63$1,264,446$0$0$533,019
64$1,293,147$0$0$544,658
65$1,321,617$0$0$556,138
66$1,349,732$0$0$567,401
67$1,377,355$0$0$578,380
68$1,404,328$0$0$589,003
69$1,430,477$0$0$599,185
70$1,455,605$0$0$608,834
71$1,479,491$0$0$617,845
72$1,501,890$0$0$626,104
73$1,522,524$0$0$633,480
74$1,541,088$0$0$639,829
75$1,557,239$0$0$644,991
76$1,570,593$0$0$648,786
77$1,580,728$0$0$651,014
78$1,587,169$0$0$651,456
79$1,589,391$0$0$649,866
80$1,586,810$0$0$645,969
81$1,578,777$0$0$639,465
82$1,564,574$0$0$630,017
83$1,543,403$0$0$617,252
84$1,514,377$0$0$600,760
85$1,476,518$0$0$580,082
86$1,428,740$0$0$554,714
87$1,369,838$0$0$524,095
88$1,298,483$0$0$487,607
89$1,213,201$0$0$444,563
90$1,112,361$0$0$394,207
91$994,161$0$0$335,699
92$856,608$0$0$268,114
93$697,497$0$0$190,428
94$514,392$0$0$101,509
95$304,602$0$0$107
96$65,152$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0