Can I retire at age 45 with 676,000?

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 $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%11.9%
1 years$55,823$55,326$54,841$54,368$53,905$53,476
2 years$27,635$27,121$26,622$26,138$25,669$25,236
3 years$18,241$17,724$17,226$16,747$16,286$15,863
4 years$13,544$13,029$12,536$12,065$11,615$11,205
5 years$10,727$10,215$9,729$9,267$8,830$8,434
6 years$8,849$8,341$7,862$7,411$6,987$6,606
7 years$7,509$7,005$6,533$6,093$5,682$5,317
8 years$6,504$6,004$5,541$5,111$4,714$4,364
9 years$5,723$5,228$4,772$4,354$3,970$3,635
10 years$5,098$4,608$4,161$3,753$3,382$3,062
11 years$4,587$4,102$3,663$3,266$2,909$2,603
12 years$4,162$3,682$3,251$2,865$2,521$2,229
13 years$3,803$3,328$2,904$2,529$2,198$1,921
14 years$3,495$3,025$2,610$2,245$1,927$1,663
15 years$3,228$2,763$2,356$2,002$1,697$1,446
16 years$2,995$2,535$2,136$1,793$1,499$1,262
17 years$2,789$2,335$1,944$1,611$1,330$1,104
18 years$2,607$2,157$1,774$1,452$1,182$969
19 years$2,444$1,999$1,624$1,312$1,054$852
20 years$2,298$1,858$1,491$1,188$941$751
21 years$2,165$1,731$1,371$1,078$842$663
22 years$2,045$1,615$1,264$980$755$586
23 years$1,935$1,511$1,167$893$678$518
24 years$1,835$1,416$1,079$814$609$459
25 years$1,743$1,328$1,000$744$548$407
26 years$1,658$1,249$927$680$494$362
27 years$1,579$1,175$861$622$445$321
28 years$1,507$1,107$800$570$402$285
29 years$1,439$1,045$745$523$363$254
30 years$1,376$986$694$480$328$226
31 years$1,317$933$647$441$296$201
32 years$1,262$882$603$405$268$179
33 years$1,211$836$563$373$243$160
34 years$1,162$792$526$343$220$142
35 years$1,117$751$492$316$199$127
36 years$1,074$713$460$291$180$113
37 years$1,033$677$431$268$163$101
38 years$995$644$404$247$148$90
39 years$959$612$378$228$134$80
40 years$924$582$354$210$122$72
41 years$892$554$332$194$110$64
42 years$861$528$312$179$100$57
43 years$831$503$292$165$91$51
44 years$803$479$275$152$83$46
45 years$776$457$258$141$75$41
46 years$751$436$242$130$68$36
47 years$727$416$227$120$62$32
48 years$703$397$214$111$56$29
49 years$681$379$201$103$51$26
50 years$660$362$189$95$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $676,000, adding $5,373 every year, while hoping to spend $59,266 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: 67/6/27 Blend
44$676,000$676,000$676,000$676,000
45$750,494$714,666$704,188$795,156
46$763,986$686,626$664,720$797,850
47$776,868$655,226$621,943$793,607
48$789,014$620,238$575,684$787,630
49$800,287$581,423$525,763$779,749
50$810,529$538,525$471,988$769,781
51$819,566$491,277$414,164$757,525
52$827,207$439,394$352,083$742,763
53$833,234$382,576$285,530$725,258
54$837,407$320,506$214,279$704,749
55$839,461$252,849$138,095$680,953
56$839,098$179,251$56,734$653,560
57$835,990$99,338$0$622,233
58$829,771$12,715$0$595,272
59$820,035$0$0$581,611
60$806,334$0$0$569,877
61$788,169$0$0$555,663
62$764,988$0$0$537,720
63$736,180$0$0$515,596
64$701,068$0$0$488,791
65$658,903$0$0$456,751
66$608,857$0$0$418,863
67$550,013$0$0$374,449
68$481,356$0$0$322,760
69$401,767$0$0$262,968
70$310,006$0$0$194,157
71$204,704$0$0$115,314
72$84,348$0$0$25,322
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0