Can I retire at age 45 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$56,154$55,654$55,166$54,689$54,224$53,792
2 years$27,799$27,281$26,779$26,293$25,821$25,386
3 years$18,349$17,829$17,328$16,846$16,382$15,957
4 years$13,624$13,106$12,610$12,137$11,684$11,272
5 years$10,790$10,275$9,786$9,322$8,882$8,484
6 years$8,902$8,390$7,909$7,455$7,028$6,645
7 years$7,553$7,046$6,572$6,129$5,716$5,348
8 years$6,542$6,040$5,574$5,142$4,742$4,389
9 years$5,757$5,259$4,801$4,379$3,993$3,656
10 years$5,128$4,635$4,185$3,775$3,402$3,080
11 years$4,615$4,127$3,685$3,286$2,926$2,619
12 years$4,187$3,704$3,270$2,882$2,536$2,243
13 years$3,825$3,347$2,922$2,544$2,211$1,932
14 years$3,515$3,043$2,625$2,258$1,938$1,673
15 years$3,247$2,779$2,370$2,014$1,707$1,455
16 years$3,013$2,550$2,149$1,803$1,508$1,269
17 years$2,806$2,348$1,955$1,620$1,337$1,111
18 years$2,622$2,170$1,785$1,460$1,189$975
19 years$2,459$2,011$1,634$1,320$1,060$857
20 years$2,311$1,869$1,500$1,195$947$755
21 years$2,178$1,741$1,379$1,085$847$667
22 years$2,057$1,625$1,271$986$759$589
23 years$1,947$1,520$1,174$898$682$521
24 years$1,846$1,424$1,086$819$613$462
25 years$1,753$1,336$1,005$748$551$410
26 years$1,668$1,256$933$684$497$364
27 years$1,589$1,182$866$626$448$323
28 years$1,516$1,114$805$574$404$287
29 years$1,448$1,051$749$526$365$255
30 years$1,384$992$698$483$330$227
31 years$1,325$938$651$443$298$202
32 years$1,270$888$607$407$270$180
33 years$1,218$841$567$375$244$161
34 years$1,169$797$530$345$221$143
35 years$1,123$756$495$317$200$128
36 years$1,080$717$463$292$181$114
37 years$1,039$681$433$269$164$101
38 years$1,001$647$406$248$149$91
39 years$964$616$380$229$135$81
40 years$930$586$356$211$123$72
41 years$897$558$334$195$111$64
42 years$866$531$314$180$101$57
43 years$836$506$294$166$92$51
44 years$808$482$276$153$83$46
45 years$781$460$259$141$75$41
46 years$755$439$244$131$68$37
47 years$731$419$229$121$62$33
48 years$708$400$215$112$56$29
49 years$685$382$202$103$51$26
50 years$664$365$190$95$47$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $680,000, adding $2,670 every year, while hoping to spend $22,276 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: 28/43/29 Blend
44$680,000$680,000$680,000$680,000
45$752,114$716,074$705,534$766,368
46$805,128$727,460$705,468$789,412
47$862,803$738,658$704,653$812,059
48$925,591$749,634$703,041$835,946
49$993,989$760,353$700,580$861,196
50$1,068,544$770,779$697,218$887,944
51$1,149,858$780,870$692,897$916,341
52$1,238,594$790,583$687,560$946,555
53$1,335,483$799,873$681,145$978,772
54$1,441,326$808,691$673,588$1,013,199
55$1,557,008$816,984$664,820$1,050,064
56$1,683,503$824,697$654,772$1,089,621
57$1,821,883$831,769$643,369$1,132,152
58$1,973,327$838,138$630,534$1,177,970
59$2,139,135$843,735$616,185$1,227,420
60$2,320,739$848,490$600,239$1,280,887
61$2,519,713$852,325$582,606$1,338,796
62$2,737,794$855,159$563,193$1,401,618
63$2,976,892$856,905$541,904$1,469,874
64$3,239,114$857,473$518,637$1,544,143
65$3,526,778$856,763$493,285$1,625,063
66$3,842,438$854,673$465,739$1,713,344
67$4,188,906$851,092$435,881$1,809,769
68$4,569,283$845,903$403,591$1,915,204
69$4,986,981$838,983$368,742$2,030,611
70$5,445,760$830,201$331,202$2,157,049
71$5,949,763$819,416$290,833$2,295,694
72$6,503,553$806,482$247,490$2,447,843
73$7,112,158$791,242$201,024$2,614,932
74$7,781,116$773,530$151,275$2,798,549
75$8,516,528$753,172$98,081$3,000,447
76$9,325,117$729,980$41,270$3,222,566
77$10,214,288$703,759$0$3,467,049
78$11,192,203$674,301$0$3,742,253
79$12,267,851$641,384$0$4,058,823
80$13,451,137$604,778$0$4,406,926
81$14,752,975$564,234$0$4,789,819
82$16,185,391$519,493$0$5,211,092
83$17,761,632$470,280$0$5,674,710
84$19,496,298$416,303$0$6,185,046
85$21,405,474$357,255$0$6,746,924
86$23,506,883$292,812$0$7,365,664
87$25,820,054$222,629$0$8,047,138
88$28,366,506$146,344$0$8,797,822
89$31,169,950$63,575$0$9,624,858
90$34,256,512$0$0$10,536,124
91$37,654,981$0$0$11,552,653
92$41,397,079$0$0$12,705,231
93$45,517,762$0$0$13,974,559
94$50,055,547$0$0$15,372,520
95$55,052,878$0$0$16,912,209
96$60,556,524$0$0$18,608,055
97$66,618,022$0$0$20,475,957
98$73,294,162$0$0$22,533,436
99$80,647,523$0$0$24,799,799
100$88,747,064$0$0$27,296,322