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%19%
1 years$55,823$55,326$54,841$54,368$53,905$51,951
2 years$27,635$27,121$26,622$26,138$25,669$23,722
3 years$18,241$17,724$17,226$16,747$16,286$14,406
4 years$13,544$13,029$12,536$12,065$11,615$9,818
5 years$10,727$10,215$9,729$9,267$8,830$7,120
6 years$8,849$8,341$7,862$7,411$6,987$5,365
7 years$7,509$7,005$6,533$6,093$5,682$4,149
8 years$6,504$6,004$5,541$5,111$4,714$3,267
9 years$5,723$5,228$4,772$4,354$3,970$2,608
10 years$5,098$4,608$4,161$3,753$3,382$2,103
11 years$4,587$4,102$3,663$3,266$2,909$1,709
12 years$4,162$3,682$3,251$2,865$2,521$1,397
13 years$3,803$3,328$2,904$2,529$2,198$1,148
14 years$3,495$3,025$2,610$2,245$1,927$947
15 years$3,228$2,763$2,356$2,002$1,697$784
16 years$2,995$2,535$2,136$1,793$1,499$651
17 years$2,789$2,335$1,944$1,611$1,330$541
18 years$2,607$2,157$1,774$1,452$1,182$451
19 years$2,444$1,999$1,624$1,312$1,054$376
20 years$2,298$1,858$1,491$1,188$941$314
21 years$2,165$1,731$1,371$1,078$842$263
22 years$2,045$1,615$1,264$980$755$220
23 years$1,935$1,511$1,167$893$678$184
24 years$1,835$1,416$1,079$814$609$154
25 years$1,743$1,328$1,000$744$548$129
26 years$1,658$1,249$927$680$494$108
27 years$1,579$1,175$861$622$445$91
28 years$1,507$1,107$800$570$402$76
29 years$1,439$1,045$745$523$363$64
30 years$1,376$986$694$480$328$54
31 years$1,317$933$647$441$296$45
32 years$1,262$882$603$405$268$38
33 years$1,211$836$563$373$243$32
34 years$1,162$792$526$343$220$27
35 years$1,117$751$492$316$199$22
36 years$1,074$713$460$291$180$19
37 years$1,033$677$431$268$163$16
38 years$995$644$404$247$148$13
39 years$959$612$378$228$134$11
40 years$924$582$354$210$122$9
41 years$892$554$332$194$110$8
42 years$861$528$312$179$100$7
43 years$831$503$292$165$91$6
44 years$803$479$275$152$83$5
45 years$776$457$258$141$75$4
46 years$751$436$242$130$68$3
47 years$727$416$227$120$62$3
48 years$703$397$214$111$56$2
49 years$681$379$201$103$51$2
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 $5,454 every year, while hoping to spend $22,356 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: 70/17/13 Blend
44$676,000$676,000$676,000$676,000
45$750,578$714,750$704,272$800,606
46$803,350$725,986$704,078$845,766
47$860,756$737,023$703,129$891,953
48$923,244$747,829$701,375$941,912
49$991,309$758,366$698,765$996,013
50$1,065,494$768,598$695,245$1,054,660
51$1,146,398$778,483$690,760$1,118,301
52$1,234,679$787,977$685,249$1,187,427
53$1,331,063$797,034$678,650$1,262,582
54$1,436,346$805,603$670,900$1,344,363
55$1,551,408$813,632$661,930$1,433,429
56$1,677,216$821,065$651,669$1,530,507
57$1,814,834$827,839$640,042$1,636,398
58$1,965,436$833,892$626,972$1,751,984
59$2,130,312$839,154$612,377$1,878,238
60$2,310,884$843,553$596,172$2,016,233
61$2,508,717$847,010$578,267$2,167,150
62$2,725,536$849,444$558,569$2,332,292
63$2,963,241$850,766$536,981$2,513,096
64$3,223,921$850,884$513,400$2,711,144
65$3,509,882$849,698$487,719$2,928,183
66$3,823,660$847,103$459,828$3,166,135
67$4,168,050$842,988$429,609$3,427,120
68$4,546,131$837,234$396,940$3,713,477
69$4,961,293$829,716$361,695$4,027,782
70$5,417,273$820,300$323,740$4,372,875
71$5,918,186$808,845$282,936$4,751,887
72$6,468,565$795,202$239,138$5,168,269
73$7,073,404$779,213$192,195$5,625,824
74$7,738,206$760,709$141,948$6,128,747
75$8,469,032$739,513$88,232$6,681,660
76$9,272,561$715,436$30,875$7,289,657
77$10,156,149$688,280$0$7,958,354
78$11,127,904$657,833$0$8,698,151
79$12,196,757$623,873$0$9,516,506
80$13,372,547$586,164$0$10,416,681
81$14,666,117$544,457$0$11,406,995
82$16,089,413$498,487$0$12,496,616
83$17,655,596$447,976$0$13,695,647
84$19,379,170$392,630$0$15,015,224
85$21,276,113$332,137$0$16,467,615
86$23,364,033$266,168$0$18,066,346
87$25,662,330$194,376$0$19,826,320
88$28,192,381$116,394$0$21,763,961
89$30,977,741$31,834$0$23,897,369
90$34,044,365$0$0$26,246,494
91$37,420,851$0$0$28,844,490
92$41,138,713$0$0$31,711,757
93$45,232,677$0$0$34,869,128
94$49,741,007$0$0$38,346,117
95$54,705,866$0$0$42,175,250
96$60,173,715$0$0$46,392,367
97$66,195,753$0$0$51,036,959
98$72,828,394$0$0$56,152,545
99$80,133,806$0$0$61,787,081
100$88,180,493$0$0$67,993,409