Can I retire at age 45 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$55,906$55,408$54,922$54,448$53,985$53,200
2 years$27,676$27,161$26,661$26,177$25,707$24,918
3 years$18,268$17,750$17,252$16,772$16,310$15,541
4 years$13,564$13,048$12,555$12,083$11,632$10,890
5 years$10,743$10,230$9,743$9,281$8,843$8,129
6 years$8,863$8,353$7,874$7,422$6,997$6,312
7 years$7,520$7,015$6,543$6,102$5,690$5,035
8 years$6,514$6,013$5,549$5,119$4,721$4,095
9 years$5,731$5,236$4,779$4,360$3,975$3,378
10 years$5,106$4,615$4,167$3,759$3,387$2,819
11 years$4,594$4,108$3,668$3,271$2,913$2,373
12 years$4,168$3,688$3,256$2,869$2,525$2,012
13 years$3,808$3,332$2,909$2,533$2,201$1,715
14 years$3,500$3,029$2,613$2,249$1,930$1,469
15 years$3,233$2,767$2,360$2,005$1,699$1,264
16 years$2,999$2,539$2,139$1,796$1,502$1,091
17 years$2,794$2,338$1,947$1,613$1,331$944
18 years$2,611$2,161$1,777$1,454$1,184$819
19 years$2,448$2,002$1,627$1,314$1,055$712
20 years$2,301$1,861$1,493$1,190$943$620
21 years$2,168$1,733$1,373$1,080$843$541
22 years$2,048$1,618$1,266$982$756$472
23 years$1,938$1,513$1,169$894$679$413
24 years$1,838$1,418$1,081$816$610$361
25 years$1,745$1,330$1,001$745$549$316
26 years$1,660$1,250$928$681$494$277
27 years$1,582$1,177$862$623$446$243
28 years$1,509$1,109$801$571$402$213
29 years$1,441$1,046$746$524$363$187
30 years$1,378$988$695$481$328$165
31 years$1,319$934$648$441$297$145
32 years$1,264$884$604$406$268$127
33 years$1,212$837$564$373$243$112
34 years$1,164$793$527$343$220$98
35 years$1,118$752$493$316$199$86
36 years$1,075$714$461$291$180$76
37 years$1,035$678$432$268$164$67
38 years$996$645$404$247$148$59
39 years$960$613$379$228$134$52
40 years$926$583$355$210$122$46
41 years$893$555$333$194$111$40
42 years$862$529$312$179$100$35
43 years$832$504$293$165$91$31
44 years$804$480$275$153$83$27
45 years$778$458$258$141$75$24
46 years$752$437$242$130$68$21
47 years$728$417$228$120$62$19
48 years$705$398$214$111$56$16
49 years$682$380$201$103$51$15
50 years$661$363$189$95$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $677,000, adding $2,129 every year, while hoping to spend $56,963 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: 27/43/30 Blend
44$677,000$677,000$677,000$677,000
45$748,250$712,369$701,876$761,450
46$763,963$686,667$664,780$746,715
47$779,370$657,796$624,533$725,910
48$794,379$625,542$580,968$702,435
49$808,888$589,675$533,913$676,103
50$822,781$549,956$483,185$646,716
51$835,931$506,129$428,598$614,061
52$848,191$457,926$369,952$577,913
53$859,403$405,060$307,041$538,033
54$869,387$347,233$239,651$494,164
55$877,942$284,124$167,557$446,034
56$884,845$215,400$90,524$393,353
57$889,850$140,705$8,307$335,810
58$892,680$59,665$0$273,077
59$893,028$0$0$230,227
60$890,555$0$0$199,252
61$884,882$0$0$195,494
62$875,590$0$0$190,594
63$862,215$0$0$184,411
64$844,241$0$0$176,791
65$821,097$0$0$167,561
66$792,151$0$0$156,531
67$756,703$0$0$143,490
68$713,977$0$0$128,205
69$663,115$0$0$110,418
70$603,170$0$0$89,845
71$533,092$0$0$66,171
72$451,720$0$0$39,048
73$357,772$0$0$8,091
74$249,830$0$0$0
75$126,329$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