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%11.9%
1 years$55,411$54,917$54,435$53,965$53,506$53,080
2 years$27,431$26,920$26,425$25,945$25,479$25,050
3 years$18,106$17,593$17,099$16,623$16,165$15,745
4 years$13,444$12,932$12,443$11,976$11,529$11,123
5 years$10,648$10,139$9,657$9,199$8,764$8,372
6 years$8,784$8,279$7,804$7,356$6,935$6,557
7 years$7,453$6,953$6,485$6,048$5,640$5,277
8 years$6,456$5,960$5,500$5,074$4,679$4,331
9 years$5,680$5,189$4,737$4,322$3,940$3,608
10 years$5,060$4,574$4,130$3,725$3,357$3,039
11 years$4,554$4,072$3,636$3,242$2,887$2,584
12 years$4,131$3,655$3,227$2,844$2,502$2,213
13 years$3,774$3,303$2,883$2,511$2,182$1,907
14 years$3,469$3,002$2,590$2,229$1,913$1,651
15 years$3,204$2,743$2,339$1,988$1,684$1,435
16 years$2,973$2,516$2,120$1,780$1,488$1,252
17 years$2,769$2,317$1,929$1,599$1,320$1,096
18 years$2,588$2,141$1,761$1,441$1,173$962
19 years$2,426$1,985$1,612$1,302$1,046$846
20 years$2,281$1,844$1,480$1,179$934$745
21 years$2,149$1,718$1,361$1,070$836$658
22 years$2,030$1,604$1,254$973$749$581
23 years$1,921$1,500$1,158$886$673$515
24 years$1,821$1,405$1,071$808$605$456
25 years$1,730$1,319$992$738$544$404
26 years$1,646$1,239$920$675$490$359
27 years$1,568$1,166$854$618$442$319
28 years$1,496$1,099$794$566$399$283
29 years$1,428$1,037$739$519$360$252
30 years$1,366$979$689$476$325$224
31 years$1,307$926$642$438$294$200
32 years$1,253$876$599$402$266$178
33 years$1,202$829$559$370$241$158
34 years$1,154$786$522$340$218$141
35 years$1,108$746$488$313$197$126
36 years$1,066$708$457$288$179$112
37 years$1,025$672$428$266$162$100
38 years$987$639$401$245$147$89
39 years$951$607$375$226$133$80
40 years$917$578$352$208$121$71
41 years$885$550$330$192$110$64
42 years$854$524$309$177$100$57
43 years$825$499$290$164$90$51
44 years$797$476$273$151$82$45
45 years$771$454$256$140$74$40
46 years$745$433$240$129$68$36
47 years$721$413$226$119$61$32
48 years$698$394$212$110$56$29
49 years$676$377$199$102$51$26
50 years$655$360$187$94$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $671,000, adding $2,760 every year, while hoping to spend $35,714 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: 38/50/12 Blend
44$671,000$671,000$671,000$671,000
45$742,289$706,726$696,325$767,685
46$780,003$703,356$681,653$782,640
47$820,367$698,624$665,292$795,112
48$863,613$692,426$647,148$807,803
49$909,997$684,650$627,123$820,751
50$959,798$675,179$605,113$833,997
51$1,013,324$663,890$581,011$847,592
52$1,070,912$650,649$554,704$861,595
53$1,132,932$635,318$526,073$876,071
54$1,199,791$617,748$494,996$891,100
55$1,271,936$597,784$461,345$906,769
56$1,349,857$575,258$424,983$923,182
57$1,434,093$549,997$385,771$940,454
58$1,525,238$521,814$343,562$958,718
59$1,623,943$490,514$298,202$978,126
60$1,730,925$455,889$249,531$998,849
61$1,846,971$417,719$197,382$1,021,081
62$1,972,947$375,773$141,580$1,045,042
63$2,109,808$329,805$81,943$1,070,980
64$2,258,600$279,557$18,279$1,099,174
65$2,420,476$224,755$0$1,129,939
66$2,596,707$165,110$0$1,169,988
67$2,788,687$100,317$0$1,216,272
68$2,997,954$30,053$0$1,266,920
69$3,226,197$0$0$1,322,464
70$3,475,279$0$0$1,408,814
71$3,747,247$0$0$1,521,239
72$4,044,357$0$0$1,644,146
73$4,369,091$0$0$1,778,573
74$4,724,183$0$0$1,925,664
75$5,112,641$0$0$2,086,677
76$5,537,780$0$0$2,262,998
77$6,003,248$0$0$2,456,153
78$6,513,064$0$0$2,667,824
79$7,071,651$0$0$2,899,861
80$7,683,883$0$0$3,154,303
81$8,355,126$0$0$3,433,396
82$9,091,293$0$0$3,739,613
83$9,898,892$0$0$4,075,679
84$10,785,096$0$0$4,444,593
85$11,757,803$0$0$4,849,663
86$12,825,714$0$0$5,294,530
87$13,998,413$0$0$5,783,203
88$15,286,458$0$0$6,320,104
89$16,701,481$0$0$6,910,099
90$18,256,293$0$0$7,558,553
91$19,965,011$0$0$8,271,372
92$21,843,186$0$0$9,055,068
93$23,907,949$0$0$9,916,810
94$26,178,176$0$0$10,864,502
95$28,674,663$0$0$11,906,847
96$31,420,319$0$0$13,053,439
97$34,440,389$0$0$14,314,843
98$37,762,685$0$0$15,702,704
99$41,417,851$0$0$17,229,851
100$45,439,649$0$0$18,910,419