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 $4,004 every year, while hoping to spend $20,660 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: 49/28/23 Blend
44$678,000$678,000$678,000$678,000
45$751,286$715,352$704,843$783,043
46$805,935$728,422$706,473$818,643
47$865,466$741,440$707,466$854,897
48$930,355$754,382$707,777$893,862
49$1,001,126$767,222$707,362$935,802
50$1,078,355$779,930$706,173$981,009
51$1,162,678$792,477$704,161$1,029,805
52$1,254,793$804,831$701,272$1,082,544
53$1,355,470$816,955$697,453$1,139,621
54$1,465,555$828,814$692,645$1,201,467
55$1,585,982$840,366$686,789$1,268,559
56$1,717,777$851,569$679,821$1,341,425
57$1,862,071$862,376$671,676$1,420,647
58$2,020,109$872,739$662,284$1,506,865
59$2,193,263$882,606$651,572$1,600,788
60$2,383,041$891,919$639,466$1,703,196
61$2,591,108$900,620$625,885$1,814,952
62$2,819,295$908,645$610,746$1,937,006
63$3,069,620$915,925$593,963$2,070,406
64$3,344,306$922,389$575,444$2,216,311
65$3,645,798$927,960$555,095$2,375,997
66$3,976,795$932,555$532,816$2,550,872
67$4,340,266$936,088$508,504$2,742,489
68$4,739,483$938,466$482,048$2,952,563
69$5,178,050$939,591$453,337$3,182,984
70$5,659,938$939,358$422,250$3,435,837
71$6,189,521$937,655$388,665$3,713,421
72$6,771,617$934,366$352,451$4,018,275
73$7,411,537$929,365$313,472$4,353,195
74$8,115,129$922,518$271,589$4,721,268
75$8,888,837$913,687$226,652$5,125,897
76$9,739,761$902,720$178,507$5,570,835
77$10,675,723$889,460$126,994$6,060,222
78$11,705,343$873,740$71,945$6,598,622
79$12,838,116$855,381$13,183$7,191,070
80$14,084,505$834,196$0$7,843,116
81$15,456,038$809,985$0$8,573,036
82$16,965,417$782,537$0$9,379,668
83$18,626,637$751,630$0$10,267,264
84$20,455,121$717,026$0$11,244,082
85$22,467,860$678,477$0$12,319,224
86$24,683,578$635,719$0$13,502,722
87$27,122,904$588,470$0$14,805,634
88$29,808,573$536,437$0$16,240,147
89$32,765,632$479,307$0$17,819,696
90$36,021,683$416,751$0$19,559,088
91$39,607,142$348,418$0$21,474,642
92$43,555,521$273,942$0$23,584,348
93$47,903,752$192,932$0$25,908,032
94$52,692,527$104,978$0$28,467,546
95$57,966,689$9,647$0$31,286,977
96$63,775,651$0$0$34,392,871
97$70,173,862$0$0$37,843,303
98$77,221,323$0$0$41,647,242
99$84,984,151$0$0$45,837,416
100$93,535,205$0$0$50,453,166