Can I retire at age 45 with 674,000?

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 $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%13.8%
1 years$55,658$55,163$54,679$54,207$53,746$52,899
2 years$27,554$27,040$26,543$26,061$25,593$24,742
3 years$18,187$17,671$17,175$16,697$16,237$15,409
4 years$13,504$12,990$12,499$12,030$11,581$10,781
5 years$10,695$10,184$9,700$9,240$8,803$8,035
6 years$8,823$8,316$7,839$7,389$6,966$6,229
7 years$7,487$6,984$6,514$6,075$5,665$4,960
8 years$6,485$5,987$5,525$5,096$4,700$4,027
9 years$5,706$5,212$4,758$4,341$3,958$3,317
10 years$5,083$4,595$4,148$3,742$3,372$2,762
11 years$4,574$4,090$3,652$3,257$2,900$2,321
12 years$4,150$3,671$3,241$2,856$2,513$1,964
13 years$3,791$3,318$2,896$2,522$2,192$1,671
14 years$3,484$3,016$2,602$2,239$1,921$1,429
15 years$3,218$2,755$2,349$1,996$1,692$1,226
16 years$2,986$2,528$2,130$1,788$1,495$1,056
17 years$2,781$2,328$1,938$1,606$1,326$912
18 years$2,599$2,151$1,769$1,447$1,179$790
19 years$2,437$1,993$1,620$1,308$1,051$685
20 years$2,291$1,852$1,486$1,185$938$595
21 years$2,159$1,725$1,367$1,075$840$518
22 years$2,039$1,611$1,260$977$753$451
23 years$1,930$1,506$1,163$890$676$393
24 years$1,830$1,411$1,076$812$607$343
25 years$1,738$1,325$997$741$546$300
26 years$1,653$1,245$924$678$492$262
27 years$1,575$1,172$858$621$444$230
28 years$1,502$1,104$798$569$400$201
29 years$1,435$1,041$743$521$362$176
30 years$1,372$984$692$479$327$154
31 years$1,313$930$645$439$295$135
32 years$1,258$880$602$404$267$119
33 years$1,207$833$562$371$242$104
34 years$1,159$790$525$342$219$91
35 years$1,113$749$491$315$198$80
36 years$1,070$711$459$290$180$70
37 years$1,030$675$430$267$163$62
38 years$992$642$402$246$148$54
39 years$956$610$377$227$134$47
40 years$921$581$353$209$121$42
41 years$889$553$331$193$110$37
42 years$858$526$311$178$100$32
43 years$829$501$292$164$91$28
44 years$801$478$274$152$82$25
45 years$774$456$257$140$75$22
46 years$749$435$241$130$68$19
47 years$725$415$227$120$62$17
48 years$701$396$213$111$56$15
49 years$679$378$200$102$51$13
50 years$658$361$188$94$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $674,000, adding $2,024 every year, while hoping to spend $21,849 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: 48/42/10 Blend
44$674,000$674,000$674,000$674,000
45$744,836$709,114$698,667$778,465
46$797,562$720,613$698,825$813,284
47$854,934$731,944$698,256$848,618
48$917,402$743,074$696,913$886,482
49$985,463$753,971$694,746$927,117
50$1,059,663$764,598$691,702$970,791
51$1,140,602$774,916$687,727$1,017,801
52$1,228,941$784,886$682,764$1,068,470
53$1,325,410$794,461$676,753$1,123,160
54$1,430,808$803,596$669,631$1,182,266
55$1,546,018$812,240$661,331$1,246,227
56$1,672,011$820,340$651,785$1,315,525
57$1,809,858$827,838$640,922$1,390,694
58$1,960,735$834,673$628,664$1,472,321
59$2,125,938$840,781$614,933$1,561,057
60$2,306,897$846,092$599,646$1,657,616
61$2,505,183$850,532$582,716$1,762,791
62$2,722,528$854,025$564,053$1,877,453
63$2,960,839$856,486$543,563$2,002,564
64$3,222,217$857,826$521,145$2,139,187
65$3,508,977$857,953$496,696$2,288,493
66$3,823,665$856,766$470,109$2,451,776
67$4,169,091$854,159$441,269$2,630,463
68$4,548,345$850,019$410,058$2,826,126
69$4,964,834$844,228$376,353$3,040,503
70$5,422,311$836,659$340,025$3,275,509
71$5,924,908$827,177$300,938$3,533,259
72$6,477,181$815,641$258,951$3,816,083
73$7,084,146$801,900$213,918$4,126,554
74$7,751,329$785,793$165,684$4,467,509
75$8,484,819$767,152$114,090$4,842,078
76$9,291,326$745,797$58,967$5,253,714
77$10,178,239$721,539$141$5,706,224
78$11,153,703$694,178$0$6,203,808
79$12,226,688$663,500$0$6,757,783
80$13,407,079$629,281$0$7,367,025
81$14,705,769$591,283$0$8,037,175
82$16,134,757$549,256$0$8,774,469
83$17,707,265$502,932$0$9,585,786
84$19,437,862$452,031$0$10,478,706
85$21,342,600$396,257$0$11,461,591
86$23,439,167$335,295$0$12,543,658
87$25,747,051$268,815$0$13,735,069
88$28,287,729$196,464$0$15,047,030
89$31,084,861$117,875$0$16,491,895
90$34,164,522$32,656$0$18,083,282
91$37,555,442$0$0$19,836,207
92$41,289,280$0$0$21,794,772
93$45,400,919$0$0$23,968,228
94$49,928,799$0$0$26,361,814
95$54,915,279$0$0$28,997,934
96$60,407,032$0$0$31,901,275
97$66,455,491$0$0$35,099,042
98$73,117,332$0$0$38,621,212
99$80,455,007$0$0$42,500,818
100$88,537,336$0$0$46,774,262