Can I retire at age 45 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$55,658$55,163$54,679$54,207$53,746$52,964
2 years$27,554$27,040$26,543$26,061$25,593$24,808
3 years$18,187$17,671$17,175$16,697$16,237$15,472
4 years$13,504$12,990$12,499$12,030$11,581$10,841
5 years$10,695$10,184$9,700$9,240$8,803$8,092
6 years$8,823$8,316$7,839$7,389$6,966$6,284
7 years$7,487$6,984$6,514$6,075$5,665$5,013
8 years$6,485$5,987$5,525$5,096$4,700$4,076
9 years$5,706$5,212$4,758$4,341$3,958$3,364
10 years$5,083$4,595$4,148$3,742$3,372$2,806
11 years$4,574$4,090$3,652$3,257$2,900$2,362
12 years$4,150$3,671$3,241$2,856$2,513$2,003
13 years$3,791$3,318$2,896$2,522$2,192$1,708
14 years$3,484$3,016$2,602$2,239$1,921$1,463
15 years$3,218$2,755$2,349$1,996$1,692$1,258
16 years$2,986$2,528$2,130$1,788$1,495$1,086
17 years$2,781$2,328$1,938$1,606$1,326$940
18 years$2,599$2,151$1,769$1,447$1,179$815
19 years$2,437$1,993$1,620$1,308$1,051$709
20 years$2,291$1,852$1,486$1,185$938$617
21 years$2,159$1,725$1,367$1,075$840$538
22 years$2,039$1,611$1,260$977$753$470
23 years$1,930$1,506$1,163$890$676$411
24 years$1,830$1,411$1,076$812$607$360
25 years$1,738$1,325$997$741$546$315
26 years$1,653$1,245$924$678$492$276
27 years$1,575$1,172$858$621$444$242
28 years$1,502$1,104$798$569$400$212
29 years$1,435$1,041$743$521$362$186
30 years$1,372$984$692$479$327$164
31 years$1,313$930$645$439$295$144
32 years$1,258$880$602$404$267$126
33 years$1,207$833$562$371$242$111
34 years$1,159$790$525$342$219$98
35 years$1,113$749$491$315$198$86
36 years$1,070$711$459$290$180$76
37 years$1,030$675$430$267$163$67
38 years$992$642$402$246$148$59
39 years$956$610$377$227$134$52
40 years$921$581$353$209$121$45
41 years$889$553$331$193$110$40
42 years$858$526$311$178$100$35
43 years$829$501$292$164$91$31
44 years$801$478$274$152$82$27
45 years$774$456$257$140$75$24
46 years$749$435$241$130$68$21
47 years$725$415$227$120$62$19
48 years$701$396$213$111$56$16
49 years$679$378$200$102$51$14
50 years$658$361$188$94$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $674,000, adding $6,625 every year, while hoping to spend $29,995 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: 70/6/24 Blend
44$674,000$674,000$674,000$674,000
45$749,582$713,860$703,413$797,069
46$794,125$716,924$695,063$832,743
47$842,206$719,134$685,427$867,665
48$894,154$720,415$674,433$905,177
49$950,331$720,689$662,000$945,533
50$1,011,135$719,873$648,047$989,016
51$1,077,003$717,879$632,489$1,035,936
52$1,148,416$714,613$615,235$1,086,635
53$1,225,902$709,977$596,193$1,141,493
54$1,310,042$703,864$575,264$1,200,925
55$1,401,476$696,163$552,345$1,265,394
56$1,500,908$686,756$527,330$1,335,408
57$1,609,110$675,517$500,105$1,411,529
58$1,726,935$662,313$470,555$1,494,375
59$1,855,320$647,004$438,556$1,584,631
60$1,995,296$629,440$403,980$1,683,050
61$2,147,997$609,464$366,695$1,790,466
62$2,314,673$586,908$326,559$1,907,797
63$2,496,699$561,595$283,428$2,036,056
64$2,695,588$533,339$237,149$2,176,362
65$2,913,007$501,942$187,562$2,329,948
66$3,150,790$467,194$134,502$2,498,175
67$3,410,958$428,873$77,795$2,682,545
68$3,695,735$386,747$17,261$2,884,715
69$4,007,570$340,568$0$3,106,510
70$4,349,161$290,075$0$3,362,071
71$4,723,477$234,991$0$3,647,001
72$5,133,792$175,025$0$3,959,382
73$5,583,706$109,869$0$4,301,972
74$6,077,190$39,198$0$4,677,812
75$6,618,613$0$0$5,090,252
76$7,212,790$0$0$5,545,447
77$7,865,024$0$0$6,047,998
78$8,581,156$0$0$6,599,821
79$9,367,622$0$0$7,205,881
80$10,231,510$0$0$7,871,645
81$11,180,628$0$0$8,603,135
82$12,223,581$0$0$9,406,988
83$13,369,843$0$0$10,290,513
84$14,629,858$0$0$11,261,765
85$16,015,127$0$0$12,329,614
86$17,538,324$0$0$13,503,838
87$19,213,411$0$0$14,795,206
88$21,055,772$0$0$16,215,583
89$23,082,355$0$0$17,778,044
90$25,311,835$0$0$19,496,993
91$27,764,787$0$0$21,388,300
92$30,463,881$0$0$23,469,453
93$33,434,095$0$0$25,759,720
94$36,702,953$0$0$28,280,329
95$40,300,780$0$0$31,054,675
96$44,260,990$0$0$34,108,530
97$48,620,401$0$0$37,470,297
98$53,419,583$0$0$41,171,268
99$58,703,239$0$0$45,245,927
100$64,520,626$0$0$49,732,270