Can I retire at age 45 with 675,000?

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 $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%16.4%
1 years$55,741$55,244$54,760$54,287$53,825$52,418
2 years$27,594$27,081$26,582$26,100$25,631$24,223
3 years$18,214$17,697$17,201$16,722$16,261$14,896
4 years$13,524$13,009$12,518$12,047$11,598$10,286
5 years$10,711$10,200$9,714$9,254$8,816$7,562
6 years$8,836$8,329$7,851$7,400$6,976$5,780
7 years$7,498$6,994$6,524$6,084$5,673$4,536
8 years$6,494$5,996$5,533$5,104$4,707$3,627
9 years$5,714$5,220$4,765$4,347$3,964$2,941
10 years$5,091$4,601$4,155$3,747$3,377$2,411
11 years$4,581$4,096$3,658$3,261$2,905$1,992
12 years$4,156$3,677$3,246$2,861$2,517$1,658
13 years$3,797$3,323$2,900$2,526$2,195$1,386
14 years$3,489$3,020$2,606$2,242$1,924$1,165
15 years$3,223$2,759$2,353$1,999$1,694$982
16 years$2,991$2,531$2,133$1,790$1,497$830
17 years$2,785$2,331$1,941$1,608$1,328$704
18 years$2,603$2,154$1,772$1,450$1,180$598
19 years$2,440$1,996$1,622$1,310$1,052$508
20 years$2,294$1,855$1,489$1,186$940$433
21 years$2,162$1,728$1,369$1,077$841$369
22 years$2,042$1,613$1,262$979$754$316
23 years$1,932$1,509$1,165$892$677$270
24 years$1,832$1,414$1,078$813$608$231
25 years$1,740$1,327$998$743$547$197
26 years$1,655$1,247$926$679$493$169
27 years$1,577$1,173$860$621$444$145
28 years$1,504$1,106$799$569$401$124
29 years$1,437$1,043$744$522$362$106
30 years$1,374$985$693$479$327$91
31 years$1,315$931$646$440$296$78
32 years$1,260$881$602$404$268$67
33 years$1,209$834$563$372$242$58
34 years$1,160$791$526$342$219$49
35 years$1,115$750$491$315$199$42
36 years$1,072$712$460$290$180$36
37 years$1,032$676$430$267$163$31
38 years$993$643$403$246$148$27
39 years$957$611$378$227$134$23
40 years$923$581$354$210$122$20
41 years$890$553$332$193$110$17
42 years$859$527$311$178$100$15
43 years$830$502$292$165$91$13
44 years$802$479$274$152$82$11
45 years$775$456$257$140$75$9
46 years$750$435$242$130$68$8
47 years$726$416$227$120$62$7
48 years$702$397$213$111$56$6
49 years$680$379$201$102$51$5
50 years$659$362$189$95$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $675,000, adding $2,405 every year, while hoping to spend $27,759 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: 49/40/11 Blend
44$675,000$675,000$675,000$675,000
45$746,331$710,556$700,093$780,561
46$792,921$715,838$694,011$809,590
47$843,333$720,448$686,795$837,993
48$897,928$724,325$678,377$868,213
49$957,101$727,401$668,687$900,428
50$1,021,289$729,607$657,652$934,834
51$1,090,971$730,869$645,194$971,651
52$1,166,674$731,105$631,232$1,011,120
53$1,248,978$730,232$615,681$1,053,511
54$1,338,521$728,161$598,454$1,099,120
55$1,436,006$724,796$579,457$1,148,275
56$1,542,203$720,036$558,594$1,201,341
57$1,657,964$713,774$535,763$1,258,719
58$1,784,225$705,897$510,859$1,320,857
59$1,922,013$696,284$483,771$1,388,246
60$2,072,464$684,808$454,383$1,461,432
61$2,236,825$671,333$422,574$1,541,018
62$2,416,469$655,716$388,218$1,627,672
63$2,612,909$637,806$351,183$1,722,132
64$2,827,809$617,442$311,331$1,825,214
65$3,063,003$594,454$268,518$1,937,821
66$3,320,510$568,663$222,594$2,060,949
67$3,602,553$539,878$173,402$2,195,703
68$3,911,579$507,898$120,777$2,343,300
69$4,250,285$472,510$64,548$2,505,088
70$4,621,641$433,490$4,537$2,682,557
71$5,028,917$390,599$0$2,877,351
72$5,475,714$343,586$0$3,098,271
73$5,966,002$292,186$0$3,341,365
74$6,504,149$236,118$0$3,608,340
75$7,094,970$175,086$0$3,901,673
76$7,743,767$108,776$0$4,224,095
77$8,456,383$36,858$0$4,578,621
78$9,239,253$0$0$4,968,580
79$10,099,465$0$0$5,415,699
80$11,044,830$0$0$5,924,987
81$12,083,952$0$0$6,484,863
82$13,226,309$0$0$7,100,446
83$14,482,345$0$0$7,777,373
84$15,863,566$0$0$8,521,856
85$17,382,648$0$0$9,340,740
86$19,053,558$0$0$10,241,563
87$20,891,684$0$0$11,232,634
88$22,913,980$0$0$12,323,108
89$25,139,129$0$0$13,523,069
90$27,587,712$0$0$14,843,631
91$30,282,409$0$0$16,297,038
92$33,248,208$0$0$17,896,782
93$36,512,644$0$0$19,657,730
94$40,106,056$0$0$21,596,262
95$44,061,874$0$0$23,730,428
96$48,416,932$0$0$26,080,116
97$53,211,820$0$0$28,667,242
98$58,491,262$0$0$31,515,953
99$64,304,539$0$0$34,652,860
100$70,705,957$0$0$38,107,283