Can I retire at age 45 with 678,000?

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 $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%15.4%
1 years$55,989$55,490$55,003$54,528$54,065$52,865
2 years$27,717$27,201$26,701$26,216$25,745$24,543
3 years$18,295$17,776$17,277$16,797$16,334$15,166
4 years$13,584$13,067$12,573$12,101$11,649$10,526
5 years$10,759$10,245$9,757$9,295$8,856$7,779
6 years$8,876$8,366$7,885$7,433$7,007$5,978
7 years$7,531$7,026$6,553$6,111$5,699$4,718
8 years$6,523$6,022$5,557$5,126$4,728$3,795
9 years$5,740$5,243$4,787$4,367$3,981$3,096
10 years$5,113$4,622$4,173$3,764$3,392$2,553
11 years$4,601$4,115$3,674$3,276$2,917$2,124
12 years$4,174$3,693$3,260$2,873$2,528$1,778
13 years$3,814$3,337$2,913$2,537$2,205$1,497
14 years$3,505$3,034$2,617$2,252$1,933$1,266
15 years$3,238$2,771$2,363$2,008$1,702$1,075
16 years$3,004$2,543$2,142$1,798$1,504$916
17 years$2,798$2,342$1,950$1,616$1,333$782
18 years$2,615$2,164$1,780$1,456$1,186$669
19 years$2,451$2,005$1,629$1,316$1,057$573
20 years$2,304$1,863$1,495$1,192$944$492
21 years$2,172$1,736$1,375$1,081$845$423
22 years$2,051$1,620$1,268$983$757$364
23 years$1,941$1,515$1,170$895$680$314
24 years$1,840$1,420$1,082$817$611$270
25 years$1,748$1,332$1,003$746$550$233
26 years$1,663$1,252$930$682$495$201
27 years$1,584$1,179$863$624$446$174
28 years$1,511$1,111$803$572$403$150
29 years$1,443$1,048$747$524$364$130
30 years$1,380$989$696$481$329$112
31 years$1,321$935$649$442$297$97
32 years$1,266$885$605$406$269$84
33 years$1,214$838$565$374$243$73
34 years$1,166$794$528$344$220$63
35 years$1,120$753$494$316$199$54
36 years$1,077$715$462$291$181$47
37 years$1,036$679$432$269$164$41
38 years$998$645$405$248$149$35
39 years$961$614$379$228$135$31
40 years$927$584$355$210$122$27
41 years$894$556$333$194$111$23
42 years$863$529$313$179$101$20
43 years$834$504$293$165$91$17
44 years$806$481$275$153$83$15
45 years$779$458$259$141$75$13
46 years$753$437$243$130$68$11
47 years$729$417$228$120$62$10
48 years$706$398$214$111$56$8
49 years$683$381$202$103$51$7
50 years$662$363$189$95$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $678,000, adding $5,471 every year, while hoping to spend $45,280 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: 79/5/16 Blend
44$678,000$678,000$678,000$678,000
45$752,799$716,865$706,356$809,276
46$781,407$703,814$681,842$834,200
47$811,416$688,606$654,988$855,221
48$842,920$671,087$625,670$877,019
49$876,022$651,095$593,754$899,654
50$910,835$628,458$559,104$923,192
51$947,482$602,993$521,576$947,706
52$986,094$574,509$481,017$973,277
53$1,026,816$542,801$437,272$999,994
54$1,069,807$507,654$390,176$1,027,956
55$1,115,238$468,839$339,558$1,057,273
56$1,163,297$426,117$285,237$1,088,066
57$1,214,188$379,231$227,028$1,120,469
58$1,268,135$327,914$164,733$1,154,631
59$1,325,383$271,880$98,150$1,190,715
60$1,386,199$210,829$27,065$1,228,905
61$1,450,876$144,444$0$1,269,401
62$1,519,734$72,390$0$1,320,756
63$1,593,122$0$0$1,380,359
64$1,671,424$0$0$1,444,212
65$1,755,061$0$0$1,516,681
66$1,844,494$0$0$1,594,185
67$1,940,226$0$0$1,677,163
68$2,042,813$0$0$1,766,096
69$2,152,861$0$0$1,861,513
70$2,271,037$0$0$1,963,994
71$2,398,072$0$0$2,074,175
72$2,534,770$0$0$2,192,754
73$2,682,011$0$0$2,320,500
74$2,840,765$0$0$2,458,255
75$3,012,096$0$0$2,606,944
76$3,197,172$0$0$2,767,584
77$3,397,277$0$0$2,941,294
78$3,613,824$0$0$3,129,302
79$3,848,365$0$0$3,332,958
80$4,102,606$0$0$3,553,749
81$4,378,423$0$0$3,793,306
82$4,677,880$0$0$4,053,425
83$5,003,246$0$0$4,336,083
84$5,357,019$0$0$4,643,452
85$5,741,945$0$0$4,977,923
86$6,161,047$0$0$5,342,126
87$6,617,650$0$0$5,738,956
88$7,115,414$0$0$6,171,599
89$7,658,367$0$0$6,643,561
90$8,250,943$0$0$7,158,700
91$8,898,020$0$0$7,721,264
92$9,604,973$0$0$8,335,930
93$10,377,714$0$0$9,007,845
94$11,222,756$0$0$9,742,678
95$12,147,267$0$0$10,546,668
96$13,159,141$0$0$11,426,688
97$14,267,072$0$0$12,390,304
98$15,480,631$0$0$13,445,849
99$16,810,360$0$0$14,602,499
100$18,267,868$0$0$15,870,361