Can I retire at age 45 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$55,989$55,490$55,003$54,528$54,065$53,103
2 years$27,717$27,201$26,701$26,216$25,745$24,780
3 years$18,295$17,776$17,277$16,797$16,334$15,395
4 years$13,584$13,067$12,573$12,101$11,649$10,744
5 years$10,759$10,245$9,757$9,295$8,856$7,986
6 years$8,876$8,366$7,885$7,433$7,007$6,175
7 years$7,531$7,026$6,553$6,111$5,699$4,903
8 years$6,523$6,022$5,557$5,126$4,728$3,969
9 years$5,740$5,243$4,787$4,367$3,981$3,259
10 years$5,113$4,622$4,173$3,764$3,392$2,706
11 years$4,601$4,115$3,674$3,276$2,917$2,267
12 years$4,174$3,693$3,260$2,873$2,528$1,912
13 years$3,814$3,337$2,913$2,537$2,205$1,621
14 years$3,505$3,034$2,617$2,252$1,933$1,382
15 years$3,238$2,771$2,363$2,008$1,702$1,182
16 years$3,004$2,543$2,142$1,798$1,504$1,014
17 years$2,798$2,342$1,950$1,616$1,333$873
18 years$2,615$2,164$1,780$1,456$1,186$753
19 years$2,451$2,005$1,629$1,316$1,057$651
20 years$2,304$1,863$1,495$1,192$944$563
21 years$2,172$1,736$1,375$1,081$845$488
22 years$2,051$1,620$1,268$983$757$424
23 years$1,941$1,515$1,170$895$680$368
24 years$1,840$1,420$1,082$817$611$320
25 years$1,748$1,332$1,003$746$550$279
26 years$1,663$1,252$930$682$495$243
27 years$1,584$1,179$863$624$446$211
28 years$1,511$1,111$803$572$403$184
29 years$1,443$1,048$747$524$364$161
30 years$1,380$989$696$481$329$140
31 years$1,321$935$649$442$297$122
32 years$1,266$885$605$406$269$107
33 years$1,214$838$565$374$243$93
34 years$1,166$794$528$344$220$82
35 years$1,120$753$494$316$199$71
36 years$1,077$715$462$291$181$62
37 years$1,036$679$432$269$164$54
38 years$998$645$405$248$149$48
39 years$961$614$379$228$135$42
40 years$927$584$355$210$122$36
41 years$894$556$333$194$111$32
42 years$863$529$313$179$101$28
43 years$834$504$293$165$91$24
44 years$806$481$275$153$83$21
45 years$779$458$259$141$75$19
46 years$753$437$243$130$68$16
47 years$729$417$228$120$62$14
48 years$706$398$214$111$56$12
49 years$683$381$202$103$51$11
50 years$662$363$189$95$46$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $678,000, adding $3,329 every year, while hoping to spend $36,926 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: 60/31/9 Blend
44$678,000$678,000$678,000$678,000
45$750,590$714,656$704,147$793,913
46$787,861$710,385$688,447$819,099
47$827,696$704,667$670,983$842,053
48$870,318$697,393$651,658$866,173
49$915,971$688,445$630,369$891,573
50$964,921$677,701$607,008$918,380
51$1,017,464$665,029$581,463$946,736
52$1,073,921$650,291$553,618$976,797
53$1,134,646$633,340$523,349$1,008,739
54$1,200,027$614,020$490,528$1,042,756
55$1,270,490$592,168$455,021$1,079,063
56$1,346,505$567,609$416,690$1,117,903
57$1,428,586$540,160$375,386$1,159,540
58$1,517,298$509,624$330,958$1,204,273
59$1,613,263$475,796$283,246$1,252,429
60$1,717,165$438,459$232,083$1,304,375
61$1,829,754$397,382$177,296$1,360,517
62$1,951,857$352,321$118,703$1,421,304
63$2,084,381$303,019$56,115$1,487,236
64$2,228,325$249,205$0$1,558,868
65$2,384,790$190,592$0$1,637,837
66$2,554,982$126,875$0$1,729,618
67$2,740,233$57,734$0$1,829,591
68$2,942,006$0$0$1,938,614
69$3,161,911$0$0$2,063,491
70$3,401,721$0$0$2,221,198
71$3,663,386$0$0$2,393,328
72$3,949,054$0$0$2,581,301
73$4,261,088$0$0$2,786,679
74$4,602,090$0$0$3,011,181
75$4,974,926$0$0$3,256,700
76$5,382,748$0$0$3,525,322
77$5,829,030$0$0$3,819,340
78$6,317,596$0$0$4,141,283
79$6,852,656$0$0$4,493,934
80$7,438,849$0$0$4,880,358
81$8,081,281$0$0$5,303,930
82$8,785,577$0$0$5,768,369
83$9,557,931$0$0$6,277,769
84$10,405,166$0$0$6,836,640
85$11,334,798$0$0$7,449,950
86$12,355,103$0$0$8,123,170
87$13,475,201$0$0$8,862,329
88$14,705,134$0$0$9,674,066
89$16,055,968$0$0$10,565,695
90$17,539,891$0$0$11,545,273
91$19,170,330$0$0$12,621,678
92$20,962,076$0$0$13,804,688
93$22,931,427$0$0$15,105,076
94$25,096,334$0$0$16,534,712
95$27,476,578$0$0$18,106,671
96$30,093,950$0$0$19,835,361
97$32,972,459$0$0$21,736,654
98$36,138,557$0$0$23,828,039
99$39,621,389$0$0$26,128,784
100$43,453,065$0$0$28,660,118