Can I retire at age 45 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$55,823$55,326$54,841$54,368$53,905$52,096
2 years$27,635$27,121$26,622$26,138$25,669$23,865
3 years$18,241$17,724$17,226$16,747$16,286$14,542
4 years$13,544$13,029$12,536$12,065$11,615$9,946
5 years$10,727$10,215$9,729$9,267$8,830$7,239
6 years$8,849$8,341$7,862$7,411$6,987$5,476
7 years$7,509$7,005$6,533$6,093$5,682$4,251
8 years$6,504$6,004$5,541$5,111$4,714$3,362
9 years$5,723$5,228$4,772$4,354$3,970$2,695
10 years$5,098$4,608$4,161$3,753$3,382$2,182
11 years$4,587$4,102$3,663$3,266$2,909$1,782
12 years$4,162$3,682$3,251$2,865$2,521$1,464
13 years$3,803$3,328$2,904$2,529$2,198$1,209
14 years$3,495$3,025$2,610$2,245$1,927$1,002
15 years$3,228$2,763$2,356$2,002$1,697$833
16 years$2,995$2,535$2,136$1,793$1,499$695
17 years$2,789$2,335$1,944$1,611$1,330$581
18 years$2,607$2,157$1,774$1,452$1,182$487
19 years$2,444$1,999$1,624$1,312$1,054$408
20 years$2,298$1,858$1,491$1,188$941$343
21 years$2,165$1,731$1,371$1,078$842$288
22 years$2,045$1,615$1,264$980$755$242
23 years$1,935$1,511$1,167$893$678$204
24 years$1,835$1,416$1,079$814$609$172
25 years$1,743$1,328$1,000$744$548$145
26 years$1,658$1,249$927$680$494$122
27 years$1,579$1,175$861$622$445$103
28 years$1,507$1,107$800$570$402$87
29 years$1,439$1,045$745$523$363$73
30 years$1,376$986$694$480$328$62
31 years$1,317$933$647$441$296$52
32 years$1,262$882$603$405$268$44
33 years$1,211$836$563$373$243$37
34 years$1,162$792$526$343$220$32
35 years$1,117$751$492$316$199$27
36 years$1,074$713$460$291$180$23
37 years$1,033$677$431$268$163$19
38 years$995$644$404$247$148$16
39 years$959$612$378$228$134$14
40 years$924$582$354$210$122$11
41 years$892$554$332$194$110$10
42 years$861$528$312$179$100$8
43 years$831$503$292$165$91$7
44 years$803$479$275$152$83$6
45 years$776$457$258$141$75$5
46 years$751$436$242$130$68$4
47 years$727$416$227$120$62$4
48 years$703$397$214$111$56$3
49 years$681$379$201$103$51$3
50 years$660$362$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $676,000, adding $2,243 every year, while hoping to spend $42,272 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: 56/33/11 Blend
44$676,000$676,000$676,000$676,000
45$747,266$711,438$700,960$786,941
46$778,510$701,321$679,465$803,917
47$811,524$689,292$655,833$817,549
48$846,444$675,212$629,948$831,395
49$883,419$658,935$601,689$845,481
50$922,610$640,305$570,928$859,840
51$964,194$619,158$537,532$874,510
52$1,008,366$595,321$501,363$889,533
53$1,055,337$568,609$462,277$904,960
54$1,105,338$538,828$420,120$920,851
55$1,158,624$505,772$374,736$937,272
56$1,215,473$469,224$325,958$954,301
57$1,276,187$428,952$273,614$972,027
58$1,341,102$384,715$217,524$990,550
59$1,410,583$336,254$157,499$1,009,986
60$1,485,030$283,298$93,343$1,030,467
61$1,564,884$225,560$24,851$1,052,142
62$1,650,627$162,738$0$1,075,178
63$1,742,789$94,509$0$1,105,429
64$1,841,950$20,538$0$1,140,928
65$1,948,751$0$0$1,179,027
66$2,063,891$0$0$1,241,647
67$2,188,140$0$0$1,317,315
68$2,322,346$0$0$1,399,096
69$2,467,438$0$0$1,487,562
70$2,624,438$0$0$1,583,342
71$2,794,469$0$0$1,687,130
72$2,978,767$0$0$1,799,687
73$3,178,691$0$0$1,921,848
74$3,395,734$0$0$2,054,536
75$3,631,538$0$0$2,198,763
76$3,887,912$0$0$2,355,644
77$4,166,844$0$0$2,526,403
78$4,470,521$0$0$2,712,389
79$4,801,351$0$0$2,915,088
80$5,161,984$0$0$3,136,131
81$5,555,334$0$0$3,377,318
82$5,984,610$0$0$3,640,627
83$6,453,346$0$0$3,928,237
84$6,965,429$0$0$4,242,545
85$7,525,141$0$0$4,586,192
86$8,137,195$0$0$4,962,084
87$8,806,779$0$0$5,373,422
88$9,539,609$0$0$5,823,731
89$10,341,974$0$0$6,316,891
90$11,220,805$0$0$6,857,177
91$12,183,731$0$0$7,449,295
92$13,239,155$0$0$8,098,428
93$14,396,332$0$0$8,810,286
94$15,665,455$0$0$9,591,156
95$17,057,750$0$0$10,447,966
96$18,585,583$0$0$11,388,343
97$20,262,576$0$0$12,420,691
98$22,103,731$0$0$13,554,267
99$24,125,578$0$0$14,799,267
100$26,346,321$0$0$16,166,925