Can I retire at age 45 with 672,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$55,493$54,999$54,517$54,046$53,586$52,122
2 years$27,472$26,960$26,464$25,984$25,517$24,052
3 years$18,133$17,619$17,124$16,648$16,189$14,770
4 years$13,464$12,952$12,462$11,994$11,546$10,184
5 years$10,663$10,154$9,671$9,212$8,777$7,475
6 years$8,797$8,292$7,816$7,367$6,945$5,704
7 years$7,464$6,963$6,495$6,057$5,648$4,469
8 years$6,465$5,969$5,508$5,081$4,686$3,567
9 years$5,689$5,197$4,744$4,328$3,946$2,887
10 years$5,068$4,581$4,136$3,731$3,362$2,362
11 years$4,560$4,078$3,641$3,247$2,892$1,948
12 years$4,138$3,660$3,232$2,848$2,506$1,618
13 years$3,780$3,308$2,887$2,514$2,185$1,350
14 years$3,474$3,007$2,594$2,232$1,916$1,132
15 years$3,209$2,747$2,342$1,990$1,687$952
16 years$2,977$2,520$2,124$1,782$1,491$803
17 years$2,773$2,321$1,932$1,601$1,322$679
18 years$2,592$2,145$1,764$1,443$1,175$576
19 years$2,430$1,988$1,615$1,304$1,047$489
20 years$2,284$1,847$1,482$1,181$936$415
21 years$2,152$1,720$1,363$1,072$837$354
22 years$2,033$1,606$1,256$975$750$301
23 years$1,924$1,502$1,160$888$674$257
24 years$1,824$1,407$1,073$809$606$219
25 years$1,733$1,321$994$739$545$187
26 years$1,648$1,241$922$676$491$160
27 years$1,570$1,168$856$619$442$137
28 years$1,498$1,101$796$567$399$117
29 years$1,431$1,038$740$520$361$100
30 years$1,368$981$690$477$326$85
31 years$1,309$927$643$438$295$73
32 years$1,255$877$600$403$266$63
33 years$1,203$831$560$370$241$54
34 years$1,155$787$523$341$218$46
35 years$1,110$747$489$314$198$39
36 years$1,067$709$458$289$179$34
37 years$1,027$673$428$266$162$29
38 years$989$640$401$245$147$25
39 years$953$608$376$226$133$21
40 years$919$579$352$209$121$18
41 years$886$551$330$192$110$16
42 years$856$525$310$178$100$13
43 years$826$500$291$164$90$11
44 years$798$477$273$151$82$10
45 years$772$454$256$140$75$8
46 years$747$434$241$129$68$7
47 years$722$414$226$119$61$6
48 years$699$395$212$110$56$5
49 years$677$377$200$102$51$5
50 years$656$360$188$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $672,000, adding $4,473 every year, while hoping to spend $24,206 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: 73/17/10 Blend
44$672,000$672,000$672,000$672,000
45$745,158$709,542$699,126$797,840
46$795,409$718,554$696,792$842,246
47$849,974$727,197$693,568$887,420
48$909,269$735,427$689,399$936,229
49$973,748$743,197$684,228$989,025
50$1,043,913$750,456$677,993$1,046,198
51$1,120,317$757,154$670,630$1,108,174
52$1,203,567$763,232$662,074$1,175,426
53$1,294,331$768,630$652,254$1,248,475
54$1,393,346$773,285$641,097$1,327,891
55$1,501,419$777,129$628,526$1,414,308
56$1,619,444$780,088$614,461$1,508,421
57$1,748,401$782,087$598,820$1,610,997
58$1,889,371$783,041$581,513$1,722,881
59$2,043,542$782,866$562,449$1,845,006
60$2,212,225$781,468$541,533$1,978,398
61$2,396,861$778,749$518,663$2,124,190
62$2,599,038$774,605$493,735$2,283,629
63$2,820,504$768,925$466,640$2,458,091
64$3,063,186$761,592$437,263$2,649,094
65$3,329,203$752,483$405,483$2,858,307
66$3,620,892$741,464$371,177$3,087,574
67$3,940,824$728,397$334,213$3,338,927
68$4,291,834$713,134$294,454$3,614,603
69$4,677,041$695,518$251,758$3,917,071
70$5,099,884$675,383$205,977$4,249,051
71$5,564,148$652,553$156,954$4,613,543
72$6,074,007$626,844$104,527$5,013,852
73$6,634,054$598,057$48,527$5,453,623
74$7,249,351$565,986$0$5,936,872
75$7,925,475$530,409$0$6,469,226
76$8,668,570$491,096$0$7,059,971
77$9,485,403$447,799$0$7,709,324
78$10,383,431$400,258$0$8,423,237
79$11,370,870$348,199$0$9,208,271
80$12,456,769$291,332$0$10,071,654
81$13,651,102$229,349$0$11,021,353
82$14,964,855$161,927$0$12,066,150
83$16,410,132$88,724$0$13,215,721
84$18,000,272$9,378$0$14,480,731
85$19,749,970$0$0$15,872,934
86$21,675,417$0$0$17,419,593
87$23,794,455$0$0$19,123,726
88$26,126,742$0$0$20,999,392
89$28,693,937$0$0$23,064,014
90$31,519,908$0$0$25,336,792
91$34,630,952$0$0$27,838,882
92$38,056,047$0$0$30,593,593
93$41,827,123$0$0$33,626,612
94$45,979,363$0$0$36,966,242
95$50,551,537$0$0$40,643,671
96$55,586,365$0$0$44,693,263
97$61,130,920$0$0$49,152,888
98$67,237,074$0$0$54,064,273
99$73,961,986$0$0$59,473,400
100$81,368,641$0$0$65,430,937