Can I retire at age 45 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$55,741$55,244$54,760$54,287$53,825$53,175
2 years$27,594$27,081$26,582$26,100$25,631$24,976
3 years$18,214$17,697$17,201$16,722$16,261$15,623
4 years$13,524$13,009$12,518$12,047$11,598$10,980
5 years$10,711$10,200$9,714$9,254$8,816$8,222
6 years$8,836$8,329$7,851$7,400$6,976$6,405
7 years$7,498$6,994$6,524$6,084$5,673$5,126
8 years$6,494$5,996$5,533$5,104$4,707$4,183
9 years$5,714$5,220$4,765$4,347$3,964$3,464
10 years$5,091$4,601$4,155$3,747$3,377$2,901
11 years$4,581$4,096$3,658$3,261$2,905$2,451
12 years$4,156$3,677$3,246$2,861$2,517$2,086
13 years$3,797$3,323$2,900$2,526$2,195$1,785
14 years$3,489$3,020$2,606$2,242$1,924$1,536
15 years$3,223$2,759$2,353$1,999$1,694$1,326
16 years$2,991$2,531$2,133$1,790$1,497$1,149
17 years$2,785$2,331$1,941$1,608$1,328$999
18 years$2,603$2,154$1,772$1,450$1,180$870
19 years$2,440$1,996$1,622$1,310$1,052$760
20 years$2,294$1,855$1,489$1,186$940$665
21 years$2,162$1,728$1,369$1,077$841$582
22 years$2,042$1,613$1,262$979$754$511
23 years$1,932$1,509$1,165$892$677$449
24 years$1,832$1,414$1,078$813$608$394
25 years$1,740$1,327$998$743$547$347
26 years$1,655$1,247$926$679$493$306
27 years$1,577$1,173$860$621$444$269
28 years$1,504$1,106$799$569$401$237
29 years$1,437$1,043$744$522$362$210
30 years$1,374$985$693$479$327$185
31 years$1,315$931$646$440$296$163
32 years$1,260$881$602$404$268$144
33 years$1,209$834$563$372$242$127
34 years$1,160$791$526$342$219$113
35 years$1,115$750$491$315$199$100
36 years$1,072$712$460$290$180$88
37 years$1,032$676$430$267$163$78
38 years$993$643$403$246$148$69
39 years$957$611$378$227$134$61
40 years$923$581$354$210$122$54
41 years$890$553$332$193$110$48
42 years$859$527$311$178$100$42
43 years$830$502$292$165$91$37
44 years$802$479$274$152$82$33
45 years$775$456$257$140$75$29
46 years$750$435$242$130$68$26
47 years$726$416$227$120$62$23
48 years$702$397$213$111$56$20
49 years$680$379$201$102$51$18
50 years$659$362$189$95$46$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $675,000, adding $6,649 every year, while hoping to spend $47,889 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: 62/19/19 Blend
44$675,000$675,000$675,000$675,000
45$750,708$714,933$704,471$793,200
46$776,327$699,012$677,117$806,721
47$802,954$680,705$647,242$815,525
48$830,641$659,845$614,711$824,027
49$859,445$636,256$579,381$832,202
50$889,425$609,749$541,107$840,026
51$920,645$580,126$499,734$847,472
52$953,176$547,177$455,100$854,515
53$987,092$510,681$407,038$861,129
54$1,022,474$470,402$355,372$867,287
55$1,059,407$426,092$299,917$872,962
56$1,097,985$377,490$240,483$878,130
57$1,138,310$324,317$176,870$882,765
58$1,180,490$266,281$108,868$886,842
59$1,224,644$203,073$36,259$890,338
60$1,270,900$134,366$0$893,230
61$1,319,396$59,814$0$903,856
62$1,370,282$0$0$922,227
63$1,423,723$0$0$945,399
64$1,479,896$0$0$982,917
65$1,538,993$0$0$1,022,406
66$1,601,225$0$0$1,064,009
67$1,666,819$0$0$1,107,881
68$1,736,026$0$0$1,154,191
69$1,809,117$0$0$1,203,123
70$1,886,388$0$0$1,254,880
71$1,968,161$0$0$1,309,681
72$2,054,790$0$0$1,367,765
73$2,146,660$0$0$1,429,396
74$2,244,194$0$0$1,494,860
75$2,347,850$0$0$1,564,471
76$2,458,134$0$0$1,638,571
77$2,575,597$0$0$1,717,538
78$2,700,844$0$0$1,801,782
79$2,834,536$0$0$1,891,754
80$2,977,398$0$0$1,987,948
81$3,130,224$0$0$2,090,905
82$3,293,887$0$0$2,201,221
83$3,469,341$0$0$2,319,545
84$3,657,635$0$0$2,446,593
85$3,859,919$0$0$2,583,150
86$4,077,456$0$0$2,730,076
87$4,311,632$0$0$2,888,316
88$4,563,970$0$0$3,058,911
89$4,836,142$0$0$3,242,999
90$5,129,984$0$0$3,441,835
91$5,447,516$0$0$3,656,795
92$5,790,957$0$0$3,889,395
93$6,162,743$0$0$4,141,297
94$6,565,557$0$0$4,414,331
95$7,002,345$0$0$4,710,509
96$7,476,349$0$0$5,032,044
97$7,991,135$0$0$5,381,369
98$8,550,623$0$0$5,761,161
99$9,159,127$0$0$6,174,365
100$9,821,393$0$0$6,624,221