Can I retire at age 45 with 680,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$56,154$55,654$55,166$54,689$54,224$53,436
2 years$27,799$27,281$26,779$26,293$25,821$25,029
3 years$18,349$17,829$17,328$16,846$16,382$15,610
4 years$13,624$13,106$12,610$12,137$11,684$10,938
5 years$10,790$10,275$9,786$9,322$8,882$8,165
6 years$8,902$8,390$7,909$7,455$7,028$6,340
7 years$7,553$7,046$6,572$6,129$5,716$5,057
8 years$6,542$6,040$5,574$5,142$4,742$4,113
9 years$5,757$5,259$4,801$4,379$3,993$3,393
10 years$5,128$4,635$4,185$3,775$3,402$2,831
11 years$4,615$4,127$3,685$3,286$2,926$2,383
12 years$4,187$3,704$3,270$2,882$2,536$2,020
13 years$3,825$3,347$2,922$2,544$2,211$1,723
14 years$3,515$3,043$2,625$2,258$1,938$1,476
15 years$3,247$2,779$2,370$2,014$1,707$1,269
16 years$3,013$2,550$2,149$1,803$1,508$1,096
17 years$2,806$2,348$1,955$1,620$1,337$948
18 years$2,622$2,170$1,785$1,460$1,189$822
19 years$2,459$2,011$1,634$1,320$1,060$715
20 years$2,311$1,869$1,500$1,195$947$623
21 years$2,178$1,741$1,379$1,085$847$543
22 years$2,057$1,625$1,271$986$759$474
23 years$1,947$1,520$1,174$898$682$415
24 years$1,846$1,424$1,086$819$613$363
25 years$1,753$1,336$1,005$748$551$318
26 years$1,668$1,256$933$684$497$278
27 years$1,589$1,182$866$626$448$244
28 years$1,516$1,114$805$574$404$214
29 years$1,448$1,051$749$526$365$188
30 years$1,384$992$698$483$330$165
31 years$1,325$938$651$443$298$145
32 years$1,270$888$607$407$270$128
33 years$1,218$841$567$375$244$112
34 years$1,169$797$530$345$221$99
35 years$1,123$756$495$317$200$87
36 years$1,080$717$463$292$181$76
37 years$1,039$681$433$269$164$67
38 years$1,001$647$406$248$149$59
39 years$964$616$380$229$135$52
40 years$930$586$356$211$123$46
41 years$897$558$334$195$111$40
42 years$866$531$314$180$101$36
43 years$836$506$294$166$92$31
44 years$808$482$276$153$83$28
45 years$781$460$259$141$75$24
46 years$755$439$244$131$68$21
47 years$731$419$229$121$62$19
48 years$708$400$215$112$56$17
49 years$685$382$202$103$51$15
50 years$664$365$190$95$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $680,000, adding $3,293 every year, while hoping to spend $26,068 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: 40/37/23 Blend
44$680,000$680,000$680,000$680,000
45$752,757$716,717$706,177$777,630
46$801,802$724,100$702,097$803,219
47$854,976$730,971$697,008$828,174
48$912,672$737,277$690,847$854,649
49$975,324$742,963$683,549$882,801
50$1,043,408$747,969$675,049$912,798
51$1,117,447$752,231$665,274$944,831
52$1,198,017$755,681$654,152$979,110
53$1,285,754$758,248$641,605$1,015,868
54$1,381,354$759,856$627,552$1,055,365
55$1,485,586$760,422$611,908$1,097,886
56$1,599,294$759,861$594,586$1,143,750
57$1,723,409$758,082$575,492$1,193,310
58$1,858,955$754,986$554,529$1,246,956
59$2,007,059$750,471$531,596$1,305,121
60$2,168,962$744,427$506,588$1,368,284
61$2,346,030$736,738$479,393$1,436,978
62$2,539,769$727,282$449,896$1,511,788
63$2,751,833$715,927$417,975$1,593,367
64$2,984,048$702,535$383,505$1,682,434
65$3,238,422$686,960$346,354$1,779,788
66$3,517,167$669,047$306,382$1,886,310
67$3,822,719$648,632$263,448$2,002,976
68$4,157,762$625,540$217,399$2,130,866
69$4,525,251$599,589$168,079$2,271,174
70$4,928,441$570,583$115,324$2,425,221
71$5,370,917$538,316$58,962$2,594,466
72$5,856,628$502,572$0$2,780,523
73$6,389,926$463,119$0$2,985,468
74$6,975,601$419,714$0$3,226,441
75$7,618,932$372,101$0$3,491,185
76$8,325,736$320,007$0$3,782,158
77$9,102,419$263,144$0$4,102,071
78$9,956,038$201,211$0$4,453,917
79$10,894,369$133,886$0$4,840,999
80$11,925,979$60,830$0$5,266,962
81$13,060,305$0$0$5,735,826
82$14,307,745$0$0$6,259,484
83$15,679,756$0$0$6,862,774
84$17,188,960$0$0$7,526,492
85$18,849,263$0$0$8,256,766
86$20,675,988$0$0$9,060,349
87$22,686,019$0$0$9,944,681
88$24,897,957$0$0$10,917,961
89$27,332,298$0$0$11,989,221
90$30,011,627$0$0$13,168,415
91$32,960,828$0$0$14,466,511
92$36,207,319$0$0$15,895,591
93$39,781,314$0$0$17,468,974
94$43,716,103$0$0$19,201,330
95$48,048,369$0$0$21,108,828
96$52,818,533$0$0$23,209,283
97$58,071,134$0$0$25,522,326
98$63,855,251$0$0$28,069,589
99$70,224,966$0$0$30,874,908
100$77,239,871$0$0$33,964,550