Can I retire at age 45 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$55,411$54,917$54,435$53,965$53,506$53,058
2 years$27,431$26,920$26,425$25,945$25,479$25,027
3 years$18,106$17,593$17,099$16,623$16,165$15,724
4 years$13,444$12,932$12,443$11,976$11,529$11,102
5 years$10,648$10,139$9,657$9,199$8,764$8,352
6 years$8,784$8,279$7,804$7,356$6,935$6,538
7 years$7,453$6,953$6,485$6,048$5,640$5,259
8 years$6,456$5,960$5,500$5,074$4,679$4,314
9 years$5,680$5,189$4,737$4,322$3,940$3,591
10 years$5,060$4,574$4,130$3,725$3,357$3,023
11 years$4,554$4,072$3,636$3,242$2,887$2,569
12 years$4,131$3,655$3,227$2,844$2,502$2,199
13 years$3,774$3,303$2,883$2,511$2,182$1,893
14 years$3,469$3,002$2,590$2,229$1,913$1,638
15 years$3,204$2,743$2,339$1,988$1,684$1,423
16 years$2,973$2,516$2,120$1,780$1,488$1,241
17 years$2,769$2,317$1,929$1,599$1,320$1,085
18 years$2,588$2,141$1,761$1,441$1,173$952
19 years$2,426$1,985$1,612$1,302$1,046$836
20 years$2,281$1,844$1,480$1,179$934$736
21 years$2,149$1,718$1,361$1,070$836$649
22 years$2,030$1,604$1,254$973$749$574
23 years$1,921$1,500$1,158$886$673$507
24 years$1,821$1,405$1,071$808$605$449
25 years$1,730$1,319$992$738$544$398
26 years$1,646$1,239$920$675$490$353
27 years$1,568$1,166$854$618$442$313
28 years$1,496$1,099$794$566$399$278
29 years$1,428$1,037$739$519$360$247
30 years$1,366$979$689$476$325$220
31 years$1,307$926$642$438$294$196
32 years$1,253$876$599$402$266$174
33 years$1,202$829$559$370$241$155
34 years$1,154$786$522$340$218$138
35 years$1,108$746$488$313$197$123
36 years$1,066$708$457$288$179$110
37 years$1,025$672$428$266$162$98
38 years$987$639$401$245$147$87
39 years$951$607$375$226$133$78
40 years$917$578$352$208$121$69
41 years$885$550$330$192$110$62
42 years$854$524$309$177$100$55
43 years$825$499$290$164$90$49
44 years$797$476$273$151$82$44
45 years$771$454$256$140$74$39
46 years$745$433$240$129$68$35
47 years$721$413$226$119$61$31
48 years$698$394$212$110$56$28
49 years$676$377$199$102$51$25
50 years$655$360$187$94$46$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $671,000, adding $4,894 every year, while hoping to spend $41,912 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: 73/15/12 Blend
44$671,000$671,000$671,000$671,000
45$744,490$708,927$698,527$796,660
46$775,834$699,071$677,333$821,957
47$808,970$687,326$654,025$843,995
48$844,038$673,558$628,487$866,996
49$881,187$657,620$600,599$891,043
50$920,584$639,359$570,235$916,230
51$962,410$618,613$537,264$942,660
52$1,006,861$595,211$501,548$970,448
53$1,054,154$568,969$462,943$999,722
54$1,104,526$539,697$421,300$1,030,623
55$1,158,235$507,190$376,461$1,063,309
56$1,215,566$471,233$328,263$1,097,953
57$1,276,829$431,599$276,535$1,134,750
58$1,342,365$388,047$221,099$1,173,912
59$1,412,548$340,322$161,767$1,215,679
60$1,487,787$288,157$98,346$1,260,312
61$1,568,532$231,268$30,631$1,308,105
62$1,655,276$169,354$0$1,359,380
63$1,748,561$102,099$0$1,419,827
64$1,848,981$29,168$0$1,489,045
65$1,957,189$0$0$1,563,576
66$2,073,902$0$0$1,652,157
67$2,199,907$0$0$1,753,012
68$2,336,071$0$0$1,862,024
69$2,483,345$0$0$1,979,956
70$2,642,773$0$0$2,107,649
71$2,815,507$0$0$2,246,028
72$3,002,809$0$0$2,396,109
73$3,206,069$0$0$2,559,009
74$3,426,817$0$0$2,735,957
75$3,666,734$0$0$2,928,306
76$3,927,669$0$0$3,137,543
77$4,211,658$0$0$3,365,304
78$4,520,940$0$0$3,613,390
79$4,857,978$0$0$3,883,783
80$5,225,486$0$0$4,178,664
81$5,626,447$0$0$4,500,433
82$6,064,147$0$0$4,851,732
83$6,542,203$0$0$5,235,469
84$7,064,594$0$0$5,654,847
85$7,635,705$0$0$6,113,390
86$8,260,360$0$0$6,614,980
87$8,943,874$0$0$7,163,889
88$9,692,096$0$0$7,764,824
89$10,511,469$0$0$8,422,967
90$11,409,087$0$0$9,144,023
91$12,392,764$0$0$9,934,276
92$13,471,105$0$0$10,800,649
93$14,653,587$0$0$11,750,764
94$15,950,646$0$0$12,793,017
95$17,373,782$0$0$13,936,656
96$18,935,656$0$0$15,191,866
97$20,650,219$0$0$16,569,868
98$22,532,836$0$0$18,083,022
99$24,600,433$0$0$19,744,943
100$26,871,656$0$0$21,570,630