Can I retire at age 45 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$56,567$56,063$55,571$55,091$54,623$52,622
2 years$28,003$27,482$26,976$26,486$26,011$24,017
3 years$18,483$17,960$17,455$16,970$16,502$14,579
4 years$13,724$13,202$12,703$12,226$11,770$9,931
5 years$10,870$10,351$9,858$9,391$8,947$7,198
6 years$8,967$8,452$7,967$7,510$7,080$5,421
7 years$7,609$7,098$6,620$6,174$5,758$4,189
8 years$6,591$6,084$5,615$5,179$4,776$3,297
9 years$5,799$5,298$4,836$4,412$4,022$2,630
10 years$5,166$4,670$4,216$3,803$3,427$2,119
11 years$4,649$4,157$3,712$3,310$2,948$1,721
12 years$4,218$3,731$3,294$2,903$2,554$1,407
13 years$3,853$3,372$2,943$2,563$2,227$1,155
14 years$3,541$3,065$2,644$2,275$1,953$952
15 years$3,271$2,800$2,387$2,029$1,719$788
16 years$3,035$2,569$2,165$1,817$1,519$653
17 years$2,827$2,366$1,970$1,632$1,347$543
18 years$2,642$2,186$1,798$1,471$1,198$452
19 years$2,477$2,026$1,646$1,329$1,068$377
20 years$2,328$1,883$1,511$1,204$954$314
21 years$2,194$1,754$1,390$1,093$853$263
22 years$2,072$1,637$1,281$993$765$220
23 years$1,961$1,531$1,182$905$687$184
24 years$1,859$1,434$1,094$825$617$154
25 years$1,766$1,346$1,013$754$555$129
26 years$1,680$1,265$939$689$500$108
27 years$1,600$1,191$872$631$451$90
28 years$1,527$1,122$811$578$407$76
29 years$1,458$1,058$755$530$368$64
30 years$1,394$1,000$703$486$332$53
31 years$1,335$945$655$447$300$45
32 years$1,279$894$611$410$272$38
33 years$1,227$847$571$377$246$32
34 years$1,178$803$533$347$223$26
35 years$1,131$761$499$320$202$22
36 years$1,088$722$467$294$183$19
37 years$1,047$686$437$271$166$16
38 years$1,008$652$409$250$150$13
39 years$971$620$383$231$136$11
40 years$937$590$359$213$123$9
41 years$903$562$337$196$112$8
42 years$872$535$316$181$102$7
43 years$842$510$296$167$92$5
44 years$814$486$278$154$84$5
45 years$787$463$261$143$76$4
46 years$761$442$245$132$69$3
47 years$736$422$230$122$63$3
48 years$713$403$217$112$57$2
49 years$690$384$204$104$52$2
50 years$669$367$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $685,000, adding $6,962 every year, while hoping to spend $46,550 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: 39/45/16 Blend
44$685,000$685,000$685,000$685,000
45$762,051$725,746$715,129$787,874
46$790,252$711,779$689,557$792,983
47$819,768$695,567$661,568$793,492
48$850,686$676,952$631,032$793,051
49$883,098$655,764$597,813$791,598
50$917,104$631,826$561,770$789,068
51$952,811$604,949$522,752$785,394
52$990,339$574,932$480,606$780,506
53$1,029,816$541,566$435,168$774,335
54$1,071,381$504,627$386,270$766,806
55$1,115,186$463,877$333,734$757,844
56$1,161,397$419,069$277,376$747,371
57$1,210,193$369,938$217,002$735,310
58$1,261,773$316,204$152,411$721,580
59$1,316,350$257,574$83,393$706,099
60$1,374,159$193,737$9,728$688,785
61$1,435,455$124,363$0$669,556
62$1,500,520$49,105$0$660,087
63$1,569,659$0$0$651,074
64$1,643,207$0$0$656,861
65$1,721,530$0$0$688,968
66$1,805,030$0$0$723,251
67$1,894,146$0$0$759,896
68$1,989,359$0$0$799,111
69$2,091,197$0$0$841,119
70$2,200,238$0$0$886,167
71$2,317,118$0$0$934,527
72$2,442,531$0$0$986,495
73$2,577,243$0$0$1,042,399
74$2,722,090$0$0$1,102,596
75$2,877,995$0$0$1,167,481
76$3,045,966$0$0$1,237,485
77$3,227,114$0$0$1,313,083
78$3,422,659$0$0$1,394,797
79$3,633,941$0$0$1,483,202
80$3,862,431$0$0$1,578,927
81$4,109,750$0$0$1,682,666
82$4,377,675$0$0$1,795,180
83$4,668,163$0$0$1,917,309
84$4,983,367$0$0$2,049,975
85$5,325,651$0$0$2,194,191
86$5,697,619$0$0$2,351,073
87$6,102,133$0$0$2,521,849
88$6,542,343$0$0$2,707,870
89$7,021,715$0$0$2,910,622
90$7,544,063$0$0$3,131,740
91$8,113,583$0$0$3,373,027
92$8,734,895$0$0$3,636,462
93$9,413,084$0$0$3,924,229
94$10,153,745$0$0$4,238,729
95$10,963,041$0$0$4,582,606
96$11,847,753$0$0$4,958,771
97$12,815,351$0$0$5,370,431
98$13,874,056$0$0$5,821,114
99$15,032,922$0$0$6,314,709
100$16,301,919$0$0$6,855,495