Can I retire at age 45 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$56,071$55,572$55,084$54,609$54,144$52,835
2 years$27,758$27,241$26,740$26,254$25,783$24,472
3 years$18,322$17,802$17,303$16,821$16,358$15,086
4 years$13,604$13,087$12,592$12,119$11,667$10,444
5 years$10,775$10,260$9,772$9,308$8,869$7,698
6 years$8,889$8,378$7,897$7,444$7,018$5,900
7 years$7,542$7,036$6,562$6,120$5,707$4,643
8 years$6,533$6,031$5,566$5,134$4,735$3,724
9 years$5,748$5,251$4,794$4,373$3,987$3,029
10 years$5,121$4,629$4,179$3,770$3,397$2,490
11 years$4,608$4,121$3,679$3,281$2,922$2,065
12 years$4,181$3,698$3,265$2,878$2,532$1,723
13 years$3,819$3,342$2,917$2,541$2,208$1,446
14 years$3,510$3,038$2,621$2,255$1,935$1,219
15 years$3,242$2,775$2,367$2,011$1,704$1,031
16 years$3,008$2,546$2,146$1,801$1,506$875
17 years$2,802$2,345$1,952$1,618$1,335$744
18 years$2,619$2,167$1,782$1,458$1,187$635
19 years$2,455$2,008$1,632$1,318$1,058$542
20 years$2,308$1,866$1,497$1,193$945$463
21 years$2,175$1,738$1,377$1,083$846$397
22 years$2,054$1,623$1,269$985$758$340
23 years$1,944$1,518$1,172$897$681$292
24 years$1,843$1,422$1,084$818$612$251
25 years$1,751$1,334$1,004$747$551$215
26 years$1,665$1,254$931$683$496$185
27 years$1,586$1,180$865$625$447$159
28 years$1,513$1,112$804$573$403$137
29 years$1,445$1,049$748$525$364$118
30 years$1,382$991$697$482$329$102
31 years$1,323$937$650$443$298$88
32 years$1,268$886$606$407$269$75
33 years$1,216$839$566$374$244$65
34 years$1,167$795$529$344$221$56
35 years$1,122$755$494$317$200$48
36 years$1,078$716$462$292$181$42
37 years$1,038$680$433$269$164$36
38 years$999$646$405$248$149$31
39 years$963$615$380$229$135$27
40 years$928$585$356$211$122$23
41 years$896$557$334$194$111$20
42 years$864$530$313$179$101$17
43 years$835$505$294$166$91$15
44 years$807$482$276$153$83$13
45 years$780$459$259$141$75$11
46 years$754$438$243$131$68$9
47 years$730$418$228$121$62$8
48 years$707$399$215$111$56$7
49 years$684$381$202$103$51$6
50 years$663$364$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $679,000, adding $5,562 every year, while hoping to spend $50,874 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: 50/31/19 Blend
44$679,000$679,000$679,000$679,000
45$753,995$718,008$707,484$787,449
46$776,773$699,061$677,055$792,207
47$800,169$677,480$643,902$791,694
48$824,193$653,084$607,879$790,052
49$848,853$625,677$568,835$787,192
50$874,157$595,056$526,612$783,021
51$900,112$561,005$481,045$777,441
52$926,723$523,294$431,959$770,347
53$953,995$481,681$379,176$761,626
54$981,930$435,911$322,505$751,159
55$1,010,529$385,712$261,751$738,822
56$1,039,791$330,800$196,708$724,480
57$1,069,713$270,873$127,161$707,991
58$1,100,288$205,610$52,885$689,204
59$1,131,508$134,676$0$667,959
60$1,163,361$57,714$0$649,434
61$1,195,831$0$0$639,890
62$1,228,897$0$0$637,202
63$1,262,536$0$0$654,480
64$1,296,717$0$0$672,017
65$1,331,404$0$0$689,791
66$1,366,556$0$0$707,780
67$1,402,123$0$0$725,954
68$1,438,048$0$0$744,280
69$1,474,263$0$0$762,720
70$1,510,693$0$0$781,230
71$1,547,249$0$0$799,761
72$1,583,832$0$0$818,256
73$1,620,327$0$0$836,650
74$1,656,605$0$0$854,871
75$1,692,521$0$0$872,836
76$1,727,908$0$0$890,452
77$1,762,581$0$0$907,616
78$1,796,332$0$0$924,210
79$1,828,925$0$0$940,104
80$1,860,098$0$0$955,150
81$1,889,556$0$0$969,184
82$1,916,971$0$0$982,022
83$1,941,974$0$0$993,460
84$1,964,155$0$0$1,003,271
85$1,983,058$0$0$1,011,198
86$1,998,174$0$0$1,016,961
87$2,008,937$0$0$1,020,244
88$2,014,716$0$0$1,020,698
89$2,014,812$0$0$1,017,934
90$2,008,447$0$0$1,011,522
91$1,994,759$0$0$1,000,984
92$1,972,791$0$0$985,788
93$1,941,481$0$0$965,348
94$1,899,652$0$0$939,011
95$1,846,001$0$0$906,057
96$1,779,084$0$0$865,687
97$1,697,303$0$0$817,015
98$1,598,887$0$0$759,065
99$1,481,880$0$0$690,754
100$1,344,115$0$0$610,883