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%19.7%
1 years$55,741$55,244$54,760$54,287$53,825$51,731
2 years$27,594$27,081$26,582$26,100$25,631$23,546
3 years$18,214$17,697$17,201$16,722$16,261$14,252
4 years$13,524$13,009$12,518$12,047$11,598$9,679
5 years$10,711$10,200$9,714$9,254$8,816$6,993
6 years$8,836$8,329$7,851$7,400$6,976$5,249
7 years$7,498$6,994$6,524$6,084$5,673$4,043
8 years$6,494$5,996$5,533$5,104$4,707$3,170
9 years$5,714$5,220$4,765$4,347$3,964$2,519
10 years$5,091$4,601$4,155$3,747$3,377$2,023
11 years$4,581$4,096$3,658$3,261$2,905$1,636
12 years$4,156$3,677$3,246$2,861$2,517$1,332
13 years$3,797$3,323$2,900$2,526$2,195$1,089
14 years$3,489$3,020$2,606$2,242$1,924$894
15 years$3,223$2,759$2,353$1,999$1,694$736
16 years$2,991$2,531$2,133$1,790$1,497$608
17 years$2,785$2,331$1,941$1,608$1,328$503
18 years$2,603$2,154$1,772$1,450$1,180$417
19 years$2,440$1,996$1,622$1,310$1,052$346
20 years$2,294$1,855$1,489$1,186$940$287
21 years$2,162$1,728$1,369$1,077$841$239
22 years$2,042$1,613$1,262$979$754$199
23 years$1,932$1,509$1,165$892$677$166
24 years$1,832$1,414$1,078$813$608$138
25 years$1,740$1,327$998$743$547$115
26 years$1,655$1,247$926$679$493$96
27 years$1,577$1,173$860$621$444$80
28 years$1,504$1,106$799$569$401$67
29 years$1,437$1,043$744$522$362$56
30 years$1,374$985$693$479$327$46
31 years$1,315$931$646$440$296$39
32 years$1,260$881$602$404$268$32
33 years$1,209$834$563$372$242$27
34 years$1,160$791$526$342$219$23
35 years$1,115$750$491$315$199$19
36 years$1,072$712$460$290$180$16
37 years$1,032$676$430$267$163$13
38 years$993$643$403$246$148$11
39 years$957$611$378$227$134$9
40 years$923$581$354$210$122$8
41 years$890$553$332$193$110$6
42 years$859$527$311$178$100$5
43 years$830$502$292$165$91$4
44 years$802$479$274$152$82$4
45 years$775$456$257$140$75$3
46 years$750$435$242$130$68$3
47 years$726$416$227$120$62$2
48 years$702$397$213$111$56$2
49 years$680$379$201$102$51$2
50 years$659$362$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $675,000, adding $3,734 every year, while hoping to spend $38,179 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: 60/30/10 Blend
44$675,000$675,000$675,000$675,000
45$747,702$711,927$701,464$790,615
46$783,345$706,189$684,341$814,131
47$821,344$698,890$665,365$835,100
48$861,900$689,914$644,433$857,032
49$905,231$679,137$621,438$880,022
50$951,577$666,427$596,269$904,176
51$1,001,201$651,646$568,808$929,613
52$1,054,393$634,646$538,932$956,465
53$1,111,470$615,272$506,515$984,878
54$1,172,778$593,359$471,422$1,015,018
55$1,238,700$568,732$433,513$1,047,068
56$1,309,655$541,207$392,642$1,081,231
57$1,386,101$510,588$348,658$1,117,734
58$1,468,546$476,669$301,400$1,156,831
59$1,557,543$439,232$250,703$1,198,802
60$1,653,703$398,045$196,392$1,243,960
61$1,757,697$352,864$138,286$1,292,653
62$1,870,259$303,432$76,197$1,345,268
63$1,992,202$249,477$9,925$1,402,234
64$2,124,414$190,709$0$1,464,028
65$2,267,876$126,825$0$1,537,667
66$2,423,665$57,505$0$1,618,804
67$2,592,964$0$0$1,707,054
68$2,777,078$0$0$1,808,975
69$2,977,440$0$0$1,940,597
70$3,195,628$0$0$2,083,978
71$3,433,376$0$0$2,240,265
72$3,692,597$0$0$2,410,720
73$3,975,393$0$0$2,596,733
74$4,284,077$0$0$2,799,834
75$4,621,197$0$0$3,021,705
76$4,989,559$0$0$3,264,200
77$5,392,249$0$0$3,529,359
78$5,832,666$0$0$3,819,429
79$6,314,554$0$0$4,136,884
80$6,842,034$0$0$4,484,447
81$7,419,643$0$0$4,865,118
82$8,052,380$0$0$5,282,200
83$8,745,748$0$0$5,739,331
84$9,505,808$0$0$6,240,517
85$10,339,236$0$0$6,790,171
86$11,253,385$0$0$7,393,152
87$12,256,352$0$0$8,054,816
88$13,357,059$0$0$8,781,057
89$14,565,330$0$0$9,578,371
90$15,891,990$0$0$10,453,913
91$17,348,959$0$0$11,415,564
92$18,949,374$0$0$12,472,008
93$20,707,701$0$0$13,632,809
94$22,639,881$0$0$14,908,504
95$24,763,473$0$0$16,310,702
96$27,097,823$0$0$17,852,192
97$29,664,243$0$0$19,547,065
98$32,486,215$0$0$21,410,845
99$35,589,609$0$0$23,460,634
100$39,002,928$0$0$25,715,277