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%12.2%
1 years$55,741$55,244$54,760$54,287$53,825$53,330
2 years$27,594$27,081$26,582$26,100$25,631$25,132
3 years$18,214$17,697$17,201$16,722$16,261$15,774
4 years$13,524$13,009$12,518$12,047$11,598$11,126
5 years$10,711$10,200$9,714$9,254$8,816$8,361
6 years$8,836$8,329$7,851$7,400$6,976$6,539
7 years$7,498$6,994$6,524$6,084$5,673$5,253
8 years$6,494$5,996$5,533$5,104$4,707$4,304
9 years$5,714$5,220$4,765$4,347$3,964$3,579
10 years$5,091$4,601$4,155$3,747$3,377$3,010
11 years$4,581$4,096$3,658$3,261$2,905$2,554
12 years$4,156$3,677$3,246$2,861$2,517$2,183
13 years$3,797$3,323$2,900$2,526$2,195$1,877
14 years$3,489$3,020$2,606$2,242$1,924$1,622
15 years$3,223$2,759$2,353$1,999$1,694$1,408
16 years$2,991$2,531$2,133$1,790$1,497$1,226
17 years$2,785$2,331$1,941$1,608$1,328$1,071
18 years$2,603$2,154$1,772$1,450$1,180$937
19 years$2,440$1,996$1,622$1,310$1,052$823
20 years$2,294$1,855$1,489$1,186$940$723
21 years$2,162$1,728$1,369$1,077$841$637
22 years$2,042$1,613$1,262$979$754$562
23 years$1,932$1,509$1,165$892$677$496
24 years$1,832$1,414$1,078$813$608$438
25 years$1,740$1,327$998$743$547$388
26 years$1,655$1,247$926$679$493$343
27 years$1,577$1,173$860$621$444$304
28 years$1,504$1,106$799$569$401$270
29 years$1,437$1,043$744$522$362$239
30 years$1,374$985$693$479$327$213
31 years$1,315$931$646$440$296$189
32 years$1,260$881$602$404$268$168
33 years$1,209$834$563$372$242$149
34 years$1,160$791$526$342$219$133
35 years$1,115$750$491$315$199$118
36 years$1,072$712$460$290$180$105
37 years$1,032$676$430$267$163$93
38 years$993$643$403$246$148$83
39 years$957$611$378$227$134$74
40 years$923$581$354$210$122$66
41 years$890$553$332$193$110$59
42 years$859$527$311$178$100$52
43 years$830$502$292$165$91$46
44 years$802$479$274$152$82$41
45 years$775$456$257$140$75$37
46 years$750$435$242$130$68$33
47 years$726$416$227$120$62$29
48 years$702$397$213$111$56$26
49 years$680$379$201$102$51$23
50 years$659$362$189$95$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $675,000, adding $5,737 every year, while hoping to spend $23,141 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: 82/7/11 Blend
44$675,000$675,000$675,000$675,000
45$749,768$713,993$703,530$809,392
46$801,622$724,357$702,477$859,663
47$857,990$734,453$700,612$911,199
48$919,308$744,243$697,885$967,090
49$986,054$753,689$694,242$1,027,759
50$1,058,758$762,745$689,625$1,093,674
51$1,138,000$771,368$683,975$1,165,351
52$1,224,418$779,507$677,231$1,243,355
53$1,318,717$787,111$669,326$1,328,312
54$1,421,670$794,124$660,193$1,420,909
55$1,534,131$800,487$649,760$1,521,904
56$1,657,038$806,136$637,953$1,632,133
57$1,791,423$811,005$624,692$1,752,515
58$1,938,425$815,020$609,896$1,884,064
59$2,099,296$818,108$593,479$2,027,895
60$2,275,415$820,186$575,351$2,185,241
61$2,468,301$821,168$555,418$2,357,455
62$2,679,626$820,964$533,583$2,546,031
63$2,911,232$819,476$509,743$2,752,616
64$3,165,148$816,601$483,790$2,979,022
65$3,443,609$812,229$455,612$3,227,249
66$3,749,074$806,245$425,092$3,499,497
67$4,084,254$798,526$392,107$3,798,193
68$4,452,135$788,941$356,530$4,126,012
69$4,856,005$777,352$318,226$4,485,899
70$5,299,488$763,612$277,056$4,881,102
71$5,786,573$747,566$232,875$5,315,199
72$6,321,656$729,050$185,530$5,792,132
73$6,909,581$707,889$134,861$6,316,248
74$7,555,683$683,900$80,703$6,892,336
75$8,265,838$656,887$22,882$7,525,671
76$9,046,523$626,644$0$8,222,072
77$9,904,871$592,952$0$8,992,502
78$10,848,742$555,581$0$9,842,631
79$11,886,796$514,287$0$10,777,577
80$13,028,573$468,810$0$11,805,944
81$14,284,585$418,879$0$12,937,209
82$15,666,413$364,205$0$14,181,817
83$17,186,819$304,483$0$15,551,277
84$18,859,863$239,392$0$17,058,271
85$20,701,038$168,590$0$18,716,773
86$22,727,412$91,720$0$20,542,182
87$24,957,795$8,401$0$22,551,466
88$27,412,911$0$0$24,763,322
89$30,115,596$0$0$27,204,654
90$33,091,011$0$0$29,893,074
91$36,366,883$0$0$32,852,991
92$39,973,762$0$0$36,112,009
93$43,945,313$0$0$39,700,550
94$48,318,630$0$0$43,652,133
95$53,134,589$0$0$48,003,695
96$58,438,230$0$0$52,795,936
97$64,279,186$0$0$58,073,705
98$70,712,148$0$0$63,886,423
99$77,797,381$0$0$70,288,549
100$85,601,295$0$0$77,340,090