Can I retire at age 45 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$55,493$54,999$54,517$54,046$53,586$51,975
2 years$27,472$26,960$26,464$25,984$25,517$23,908
3 years$18,133$17,619$17,124$16,648$16,189$14,631
4 years$13,464$12,952$12,462$11,994$11,546$10,052
5 years$10,663$10,154$9,671$9,212$8,777$7,351
6 years$8,797$8,292$7,816$7,367$6,945$5,589
7 years$7,464$6,963$6,495$6,057$5,648$4,361
8 years$6,465$5,969$5,508$5,081$4,686$3,467
9 years$5,689$5,197$4,744$4,328$3,946$2,794
10 years$5,068$4,581$4,136$3,731$3,362$2,276
11 years$4,560$4,078$3,641$3,247$2,892$1,869
12 years$4,138$3,660$3,232$2,848$2,506$1,545
13 years$3,780$3,308$2,887$2,514$2,185$1,283
14 years$3,474$3,007$2,594$2,232$1,916$1,070
15 years$3,209$2,747$2,342$1,990$1,687$896
16 years$2,977$2,520$2,124$1,782$1,491$752
17 years$2,773$2,321$1,932$1,601$1,322$633
18 years$2,592$2,145$1,764$1,443$1,175$534
19 years$2,430$1,988$1,615$1,304$1,047$451
20 years$2,284$1,847$1,482$1,181$936$381
21 years$2,152$1,720$1,363$1,072$837$323
22 years$2,033$1,606$1,256$975$750$273
23 years$1,924$1,502$1,160$888$674$232
24 years$1,824$1,407$1,073$809$606$197
25 years$1,733$1,321$994$739$545$167
26 years$1,648$1,241$922$676$491$142
27 years$1,570$1,168$856$619$442$121
28 years$1,498$1,101$796$567$399$102
29 years$1,431$1,038$740$520$361$87
30 years$1,368$981$690$477$326$74
31 years$1,309$927$643$438$295$63
32 years$1,255$877$600$403$266$54
33 years$1,203$831$560$370$241$46
34 years$1,155$787$523$341$218$39
35 years$1,110$747$489$314$198$33
36 years$1,067$709$458$289$179$28
37 years$1,027$673$428$266$162$24
38 years$989$640$401$245$147$20
39 years$953$608$376$226$133$17
40 years$919$579$352$209$121$15
41 years$886$551$330$192$110$13
42 years$856$525$310$178$100$11
43 years$826$500$291$164$90$9
44 years$798$477$273$151$82$8
45 years$772$454$256$140$75$7
46 years$747$434$241$129$68$6
47 years$722$414$226$119$61$5
48 years$699$395$212$110$56$4
49 years$677$377$200$102$51$3
50 years$656$360$188$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $672,000, adding $5,130 every year, while hoping to spend $44,030 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: 66/29/5 Blend
44$672,000$672,000$672,000$672,000
45$745,836$710,220$699,804$794,239
46$775,063$698,173$676,399$814,961
47$805,796$684,060$650,736$831,817
48$838,142$667,733$622,690$849,054
49$872,217$649,037$592,134$866,701
50$908,148$627,804$558,936$884,794
51$946,073$603,861$522,954$903,374
52$986,144$577,021$484,044$922,486
53$1,028,524$547,089$442,053$942,182
54$1,073,393$513,856$396,822$962,522
55$1,120,948$477,104$348,184$983,573
56$1,171,403$436,600$295,966$1,005,412
57$1,224,991$392,099$239,986$1,028,125
58$1,281,970$343,341$180,056$1,051,810
59$1,342,620$290,054$115,977$1,076,579
60$1,407,248$231,947$47,542$1,102,554
61$1,476,189$168,714$0$1,129,878
62$1,549,813$100,034$0$1,160,068
63$1,628,523$25,564$0$1,194,737
64$1,712,760$0$0$1,231,558
65$1,803,011$0$0$1,288,338
66$1,899,808$0$0$1,358,015
67$2,003,733$0$0$1,432,854
68$2,115,429$0$0$1,513,320
69$2,235,598$0$0$1,599,926
70$2,365,013$0$0$1,693,230
71$2,504,521$0$0$1,793,851
72$2,655,056$0$0$1,902,464
73$2,817,639$0$0$2,019,812
74$2,993,397$0$0$2,146,715
75$3,183,565$0$0$2,284,069
76$3,389,503$0$0$2,432,863
77$3,612,705$0$0$2,594,182
78$3,854,814$0$0$2,769,220
79$4,117,636$0$0$2,959,290
80$4,403,160$0$0$3,165,838
81$4,713,572$0$0$3,390,452
82$5,051,276$0$0$3,634,879
83$5,418,919$0$0$3,901,044
84$5,819,413$0$0$4,191,063
85$6,255,961$0$0$4,507,266
86$6,732,091$0$0$4,852,216
87$7,251,684$0$0$5,228,735
88$7,819,012$0$0$5,639,929
89$8,438,779$0$0$6,089,218
90$9,116,162$0$0$6,580,365
91$9,856,862$0$0$7,117,516
92$10,667,156$0$0$7,705,234
93$11,553,953$0$0$8,348,544
94$12,524,865$0$0$9,052,978
95$13,588,270$0$0$9,824,631
96$14,753,397$0$0$10,670,212
97$16,030,410$0$0$11,597,112
98$17,430,501$0$0$12,613,470
99$18,965,999$0$0$13,728,249
100$20,650,482$0$0$14,951,325