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%11.6%
1 years$56,071$55,572$55,084$54,609$54,144$53,781
2 years$27,758$27,241$26,740$26,254$25,783$25,416
3 years$18,322$17,802$17,303$16,821$16,358$15,999
4 years$13,604$13,087$12,592$12,119$11,667$11,319
5 years$10,775$10,260$9,772$9,308$8,869$8,533
6 years$8,889$8,378$7,897$7,444$7,018$6,694
7 years$7,542$7,036$6,562$6,120$5,707$5,397
8 years$6,533$6,031$5,566$5,134$4,735$4,437
9 years$5,748$5,251$4,794$4,373$3,987$3,702
10 years$5,121$4,629$4,179$3,770$3,397$3,124
11 years$4,608$4,121$3,679$3,281$2,922$2,661
12 years$4,181$3,698$3,265$2,878$2,532$2,283
13 years$3,819$3,342$2,917$2,541$2,208$1,971
14 years$3,510$3,038$2,621$2,255$1,935$1,710
15 years$3,242$2,775$2,367$2,011$1,704$1,490
16 years$3,008$2,546$2,146$1,801$1,506$1,303
17 years$2,802$2,345$1,952$1,618$1,335$1,142
18 years$2,619$2,167$1,782$1,458$1,187$1,005
19 years$2,455$2,008$1,632$1,318$1,058$885
20 years$2,308$1,866$1,497$1,193$945$782
21 years$2,175$1,738$1,377$1,083$846$691
22 years$2,054$1,623$1,269$985$758$613
23 years$1,944$1,518$1,172$897$681$543
24 years$1,843$1,422$1,084$818$612$482
25 years$1,751$1,334$1,004$747$551$429
26 years$1,665$1,254$931$683$496$382
27 years$1,586$1,180$865$625$447$340
28 years$1,513$1,112$804$573$403$303
29 years$1,445$1,049$748$525$364$270
30 years$1,382$991$697$482$329$241
31 years$1,323$937$650$443$298$215
32 years$1,268$886$606$407$269$192
33 years$1,216$839$566$374$244$171
34 years$1,167$795$529$344$221$153
35 years$1,122$755$494$317$200$137
36 years$1,078$716$462$292$181$122
37 years$1,038$680$433$269$164$109
38 years$999$646$405$248$149$98
39 years$963$615$380$229$135$88
40 years$928$585$356$211$122$78
41 years$896$557$334$194$111$70
42 years$864$530$313$179$101$63
43 years$835$505$294$166$91$56
44 years$807$482$276$153$83$50
45 years$780$459$259$141$75$45
46 years$754$438$243$131$68$40
47 years$730$418$228$121$62$36
48 years$707$399$215$111$56$32
49 years$684$381$202$103$51$29
50 years$663$364$190$95$47$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $679,000, adding $6,047 every year, while hoping to spend $26,116 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: 43/35/22 Blend
44$679,000$679,000$679,000$679,000
45$754,495$718,508$707,984$781,873
46$803,667$725,928$703,914$809,299
47$856,978$732,836$698,833$836,002
48$914,825$739,180$692,678$864,405
49$977,640$744,903$685,386$894,677
50$1,045,902$749,946$676,889$927,009
51$1,120,136$754,245$667,117$961,610
52$1,200,919$757,732$655,995$998,711
53$1,288,888$760,337$643,446$1,038,571
54$1,384,743$761,981$629,389$1,081,475
55$1,489,253$762,584$613,740$1,127,738
56$1,603,265$762,059$596,409$1,177,710
57$1,727,714$760,316$577,304$1,231,779
58$1,863,624$757,255$556,328$1,290,372
59$2,012,128$752,775$533,379$1,353,967
60$2,174,470$746,765$508,352$1,423,086
61$2,352,019$739,110$481,134$1,498,313
62$2,546,284$729,685$451,612$1,580,290
63$2,758,926$718,362$419,662$1,669,729
64$2,991,775$705,000$385,159$1,767,418
65$3,246,845$689,454$347,971$1,874,226
66$3,526,355$671,568$307,959$1,991,118
67$3,832,746$651,178$264,979$2,119,158
68$4,168,711$628,111$218,881$2,259,522
69$4,537,212$602,181$169,506$2,413,512
70$4,941,515$573,194$116,691$2,582,566
71$5,385,213$540,945$60,265$2,768,273
72$5,872,268$505,215$47$2,972,389
73$6,407,043$465,773$0$3,196,854
74$6,994,342$422,377$0$3,458,887
75$7,639,460$374,769$0$3,746,771
76$8,348,228$322,676$0$4,063,160
77$9,127,071$265,811$0$4,410,992
78$9,983,067$203,870$0$4,793,508
79$10,924,013$136,533$0$5,214,287
80$11,958,500$63,460$0$5,677,273
81$13,095,992$0$0$6,186,820
82$14,346,917$0$0$6,753,778
83$15,722,762$0$0$7,404,330
84$17,236,186$0$0$8,120,030
85$18,901,135$0$0$8,907,486
86$20,732,975$0$0$9,773,978
87$22,748,637$0$0$10,727,527
88$24,966,773$0$0$11,776,971
89$27,407,940$0$0$12,932,048
90$30,094,785$0$0$14,203,489
91$33,052,261$0$0$15,603,116
92$36,307,866$0$0$17,143,957
93$39,891,897$0$0$18,840,369
94$43,837,739$0$0$20,708,167
95$48,182,179$0$0$22,764,782
96$52,965,751$0$0$25,029,421
97$58,233,120$0$0$27,523,245
98$64,033,503$0$0$30,269,575
99$70,421,136$0$0$33,294,108
100$77,455,777$0$0$36,625,160