Can I retire at age 45 with 677,000?

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 $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%12.2%
1 years$55,906$55,408$54,922$54,448$53,985$53,488
2 years$27,676$27,161$26,661$26,177$25,707$25,206
3 years$18,268$17,750$17,252$16,772$16,310$15,821
4 years$13,564$13,048$12,555$12,083$11,632$11,159
5 years$10,743$10,230$9,743$9,281$8,843$8,386
6 years$8,863$8,353$7,874$7,422$6,997$6,558
7 years$7,520$7,015$6,543$6,102$5,690$5,269
8 years$6,514$6,013$5,549$5,119$4,721$4,317
9 years$5,731$5,236$4,779$4,360$3,975$3,589
10 years$5,106$4,615$4,167$3,759$3,387$3,019
11 years$4,594$4,108$3,668$3,271$2,913$2,562
12 years$4,168$3,688$3,256$2,869$2,525$2,190
13 years$3,808$3,332$2,909$2,533$2,201$1,883
14 years$3,500$3,029$2,613$2,249$1,930$1,627
15 years$3,233$2,767$2,360$2,005$1,699$1,412
16 years$2,999$2,539$2,139$1,796$1,502$1,229
17 years$2,794$2,338$1,947$1,613$1,331$1,074
18 years$2,611$2,161$1,777$1,454$1,184$940
19 years$2,448$2,002$1,627$1,314$1,055$825
20 years$2,301$1,861$1,493$1,190$943$725
21 years$2,168$1,733$1,373$1,080$843$639
22 years$2,048$1,618$1,266$982$756$563
23 years$1,938$1,513$1,169$894$679$497
24 years$1,838$1,418$1,081$816$610$440
25 years$1,745$1,330$1,001$745$549$389
26 years$1,660$1,250$928$681$494$344
27 years$1,582$1,177$862$623$446$305
28 years$1,509$1,109$801$571$402$271
29 years$1,441$1,046$746$524$363$240
30 years$1,378$988$695$481$328$213
31 years$1,319$934$648$441$297$189
32 years$1,264$884$604$406$268$168
33 years$1,212$837$564$373$243$150
34 years$1,164$793$527$343$220$133
35 years$1,118$752$493$316$199$118
36 years$1,075$714$461$291$180$105
37 years$1,035$678$432$268$164$94
38 years$996$645$404$247$148$83
39 years$960$613$379$228$134$74
40 years$926$583$355$210$122$66
41 years$893$555$333$194$111$59
42 years$862$529$312$179$100$52
43 years$832$504$293$165$91$47
44 years$804$480$275$153$83$41
45 years$778$458$258$141$75$37
46 years$752$437$242$130$68$33
47 years$728$417$228$120$62$29
48 years$705$398$214$111$56$26
49 years$682$380$201$103$51$23
50 years$661$363$189$95$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $677,000, adding $3,932 every year, while hoping to spend $28,157 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: 50/21/29 Blend
44$677,000$677,000$677,000$677,000
45$750,110$714,229$703,735$781,280
46$796,662$719,267$697,352$808,542
47$847,019$723,609$689,810$835,052
48$901,539$727,190$681,043$863,323
49$960,616$729,942$670,978$893,535
50$1,024,683$731,793$659,540$925,889
51$1,094,217$732,667$646,650$960,608
52$1,169,741$732,482$632,227$997,936
53$1,251,832$731,150$616,184$1,038,147
54$1,341,123$728,581$598,431$1,081,543
55$1,438,313$724,677$578,873$1,128,459
56$1,544,168$719,334$557,413$1,179,265
57$1,659,534$712,442$533,947$1,234,371
58$1,785,340$703,885$508,368$1,294,233
59$1,922,609$693,540$480,562$1,359,353
60$2,072,467$681,275$450,413$1,430,287
61$2,236,154$666,952$417,797$1,507,651
62$2,415,034$650,426$382,586$1,592,127
63$2,610,610$631,539$344,645$1,684,467
64$2,824,535$610,128$303,834$1,785,505
65$3,058,632$586,018$260,006$1,896,163
66$3,314,906$559,026$213,010$2,017,458
67$3,595,564$528,956$162,684$2,150,518
68$3,903,040$495,604$108,862$2,296,588
69$4,240,011$458,749$51,370$2,457,041
70$4,609,428$418,163$0$2,633,400
71$5,014,538$373,602$0$2,830,433
72$5,458,920$324,808$0$3,064,071
73$5,946,516$271,510$0$3,320,511
74$6,481,667$213,419$0$3,602,084
75$7,069,153$150,234$0$3,911,356
76$7,714,244$81,632$0$4,251,158
77$8,422,741$7,277$0$4,624,613
78$9,201,037$0$0$5,035,163
79$10,056,173$0$0$5,503,518
80$10,995,906$0$0$6,020,132
81$12,028,784$0$0$6,588,031
82$13,164,220$0$0$7,212,402
83$14,412,590$0$0$7,898,960
84$15,785,319$0$0$8,653,999
85$17,295,001$0$0$9,484,456
86$18,955,507$0$0$10,397,975
87$20,782,121$0$0$11,402,974
88$22,791,684$0$0$12,508,732
89$25,002,751$0$0$13,725,472
90$27,435,766$0$0$15,064,455
91$30,113,255$0$0$16,538,093
92$33,060,037$0$0$18,160,059
93$36,303,461$0$0$19,945,421
94$39,873,660$0$0$21,910,780
95$43,803,837$0$0$24,074,430
96$48,130,579$0$0$26,456,528
97$52,894,200$0$0$29,079,285
98$58,139,120$0$0$31,967,176
99$63,914,288$0$0$35,147,168
100$70,273,640$0$0$38,648,978