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%13.1%
1 years$55,658$55,163$54,679$54,207$53,746$53,052
2 years$27,554$27,040$26,543$26,061$25,593$24,895
3 years$18,187$17,671$17,175$16,697$16,237$15,557
4 years$13,504$12,990$12,499$12,030$11,581$10,923
5 years$10,695$10,184$9,700$9,240$8,803$8,170
6 years$8,823$8,316$7,839$7,389$6,966$6,358
7 years$7,487$6,984$6,514$6,075$5,665$5,083
8 years$6,485$5,987$5,525$5,096$4,700$4,143
9 years$5,706$5,212$4,758$4,341$3,958$3,427
10 years$5,083$4,595$4,148$3,742$3,372$2,866
11 years$4,574$4,090$3,652$3,257$2,900$2,419
12 years$4,150$3,671$3,241$2,856$2,513$2,056
13 years$3,791$3,318$2,896$2,522$2,192$1,757
14 years$3,484$3,016$2,602$2,239$1,921$1,510
15 years$3,218$2,755$2,349$1,996$1,692$1,302
16 years$2,986$2,528$2,130$1,788$1,495$1,127
17 years$2,781$2,328$1,938$1,606$1,326$978
18 years$2,599$2,151$1,769$1,447$1,179$851
19 years$2,437$1,993$1,620$1,308$1,051$742
20 years$2,291$1,852$1,486$1,185$938$648
21 years$2,159$1,725$1,367$1,075$840$567
22 years$2,039$1,611$1,260$977$753$496
23 years$1,930$1,506$1,163$890$676$435
24 years$1,830$1,411$1,076$812$607$382
25 years$1,738$1,325$997$741$546$336
26 years$1,653$1,245$924$678$492$295
27 years$1,575$1,172$858$621$444$260
28 years$1,502$1,104$798$569$400$229
29 years$1,435$1,041$743$521$362$201
30 years$1,372$984$692$479$327$177
31 years$1,313$930$645$439$295$156
32 years$1,258$880$602$404$267$138
33 years$1,207$833$562$371$242$122
34 years$1,159$790$525$342$219$107
35 years$1,113$749$491$315$198$95
36 years$1,070$711$459$290$180$84
37 years$1,030$675$430$267$163$74
38 years$992$642$402$246$148$65
39 years$956$610$377$227$134$58
40 years$921$581$353$209$121$51
41 years$889$553$331$193$110$45
42 years$858$526$311$178$100$40
43 years$829$501$292$164$91$35
44 years$801$478$274$152$82$31
45 years$774$456$257$140$75$27
46 years$749$435$241$130$68$24
47 years$725$415$227$120$62$21
48 years$701$396$213$111$56$19
49 years$679$378$200$102$51$17
50 years$658$361$188$94$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $674,000, adding $4,396 every year, while hoping to spend $32,709 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: 66/23/11 Blend
44$674,000$674,000$674,000$674,000
45$747,282$711,560$701,113$794,525
46$788,703$711,625$689,799$826,616
47$833,252$710,596$677,009$857,406
48$881,215$708,386$662,659$890,219
49$932,903$704,901$646,663$925,249
50$988,661$700,043$628,927$962,713
51$1,048,864$693,705$609,356$1,002,849
52$1,113,929$685,777$587,850$1,045,918
53$1,184,309$676,139$564,302$1,092,214
54$1,260,506$664,667$538,604$1,142,056
55$1,343,070$651,229$510,639$1,195,801
56$1,432,606$635,682$480,289$1,253,840
57$1,529,780$617,879$447,427$1,316,609
58$1,635,324$597,661$411,922$1,384,586
59$1,750,043$574,863$373,638$1,458,301
60$1,874,823$549,306$332,430$1,538,340
61$2,010,638$520,805$288,149$1,625,349
62$2,158,560$489,161$240,639$1,720,044
63$2,319,769$454,167$189,737$1,823,213
64$2,495,565$415,600$135,272$1,935,729
65$2,687,376$373,228$77,067$2,058,554
66$2,896,776$326,804$14,936$2,192,753
67$3,125,496$276,066$0$2,339,500
68$3,375,442$220,739$0$2,506,122
69$3,648,714$160,532$0$2,690,284
70$3,947,623$95,138$0$2,891,838
71$4,274,713$24,232$0$3,112,557
72$4,632,786$0$0$3,354,396
73$5,024,926$0$0$3,632,805
74$5,454,533$0$0$3,944,576
75$5,925,346$0$0$4,286,295
76$6,441,488$0$0$4,660,961
77$7,007,497$0$0$5,071,872
78$7,628,371$0$0$5,522,665
79$8,309,617$0$0$6,017,342
80$9,057,299$0$0$6,560,314
81$9,878,098$0$0$7,156,440
82$10,779,373$0$0$7,811,070
83$11,769,229$0$0$8,530,099
84$12,856,597$0$0$9,320,022
85$14,051,314$0$0$10,187,992
86$15,364,218$0$0$11,141,891
87$16,807,248$0$0$12,190,402
88$18,393,556$0$0$13,343,090
89$20,137,636$0$0$14,610,494
90$22,055,451$0$0$16,004,225
91$24,164,593$0$0$17,537,076
92$26,484,440$0$0$19,223,141
93$29,036,347$0$0$21,077,948
94$31,843,838$0$0$23,118,609
95$34,932,836$0$0$25,363,974
96$38,331,901$0$0$27,834,816
97$42,072,502$0$0$30,554,020
98$46,189,313$0$0$33,546,805
99$50,720,539$0$0$36,840,957
100$55,708,277$0$0$40,467,092