Can I retire at age 45 with 685,000?

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 $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%13.2%
1 years$56,567$56,063$55,571$55,091$54,623$53,896
2 years$28,003$27,482$26,976$26,486$26,011$25,279
3 years$18,483$17,960$17,455$16,970$16,502$15,789
4 years$13,724$13,202$12,703$12,226$11,770$11,081
5 years$10,870$10,351$9,858$9,391$8,947$8,284
6 years$8,967$8,452$7,967$7,510$7,080$6,443
7 years$7,609$7,098$6,620$6,174$5,758$5,148
8 years$6,591$6,084$5,615$5,179$4,776$4,194
9 years$5,799$5,298$4,836$4,412$4,022$3,467
10 years$5,166$4,670$4,216$3,803$3,427$2,898
11 years$4,649$4,157$3,712$3,310$2,948$2,444
12 years$4,218$3,731$3,294$2,903$2,554$2,076
13 years$3,853$3,372$2,943$2,563$2,227$1,773
14 years$3,541$3,065$2,644$2,275$1,953$1,522
15 years$3,271$2,800$2,387$2,029$1,719$1,312
16 years$3,035$2,569$2,165$1,817$1,519$1,135
17 years$2,827$2,366$1,970$1,632$1,347$984
18 years$2,642$2,186$1,798$1,471$1,198$855
19 years$2,477$2,026$1,646$1,329$1,068$745
20 years$2,328$1,883$1,511$1,204$954$650
21 years$2,194$1,754$1,390$1,093$853$569
22 years$2,072$1,637$1,281$993$765$498
23 years$1,961$1,531$1,182$905$687$436
24 years$1,859$1,434$1,094$825$617$382
25 years$1,766$1,346$1,013$754$555$336
26 years$1,680$1,265$939$689$500$295
27 years$1,600$1,191$872$631$451$259
28 years$1,527$1,122$811$578$407$228
29 years$1,458$1,058$755$530$368$201
30 years$1,394$1,000$703$486$332$177
31 years$1,335$945$655$447$300$156
32 years$1,279$894$611$410$272$137
33 years$1,227$847$571$377$246$121
34 years$1,178$803$533$347$223$107
35 years$1,131$761$499$320$202$94
36 years$1,088$722$467$294$183$83
37 years$1,047$686$437$271$166$73
38 years$1,008$652$409$250$150$65
39 years$971$620$383$231$136$57
40 years$937$590$359$213$123$50
41 years$903$562$337$196$112$44
42 years$872$535$316$181$102$39
43 years$842$510$296$167$92$35
44 years$814$486$278$154$84$31
45 years$787$463$261$143$76$27
46 years$761$442$245$132$69$24
47 years$736$422$230$122$63$21
48 years$713$403$217$112$57$19
49 years$690$384$204$104$52$16
50 years$669$367$191$96$47$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $685,000, adding $2,430 every year, while hoping to spend $49,958 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: 44/41/15 Blend
44$685,000$685,000$685,000$685,000
45$757,377$721,072$710,454$787,325
46$781,474$703,249$681,099$790,690
47$806,355$682,879$649,087$789,147
48$832,047$659,784$614,275$786,396
49$858,578$633,775$576,515$782,345
50$885,977$604,654$535,653$776,900
51$914,276$572,211$491,526$769,960
52$943,505$536,223$443,966$761,418
53$973,700$496,455$392,795$751,164
54$1,004,893$452,658$337,830$739,077
55$1,037,123$404,569$278,878$725,033
56$1,070,427$351,910$215,738$708,899
57$1,104,844$294,387$148,199$690,537
58$1,140,417$231,691$76,042$669,800
59$1,177,189$163,493$0$646,531
60$1,215,206$89,448$0$620,722
61$1,254,515$9,189$0$605,045
62$1,295,168$0$0$587,173
63$1,337,218$0$0$602,000
64$1,380,720$0$0$621,632
65$1,425,733$0$0$641,950
66$1,472,318$0$0$662,984
67$1,520,542$0$0$684,763
68$1,570,474$0$0$707,319
69$1,622,186$0$0$730,687
70$1,675,755$0$0$754,901
71$1,731,264$0$0$780,001
72$1,788,799$0$0$806,026
73$1,848,452$0$0$833,019
74$1,910,322$0$0$861,025
75$1,974,512$0$0$890,095
76$2,041,134$0$0$920,278
77$2,110,306$0$0$951,631
78$2,182,154$0$0$984,213
79$2,256,813$0$0$1,018,087
80$2,334,428$0$0$1,053,320
81$2,415,153$0$0$1,089,987
82$2,499,155$0$0$1,128,164
83$2,586,611$0$0$1,167,935
84$2,677,713$0$0$1,209,391
85$2,772,666$0$0$1,252,629
86$2,871,692$0$0$1,297,754
87$2,975,029$0$0$1,344,878
88$3,082,935$0$0$1,394,123
89$3,195,687$0$0$1,445,622
90$3,313,587$0$0$1,499,516
91$3,436,958$0$0$1,555,960
92$3,566,153$0$0$1,615,122
93$3,701,553$0$0$1,677,182
94$3,843,570$0$0$1,742,338
95$3,992,653$0$0$1,810,804
96$4,149,290$0$0$1,882,812
97$4,314,009$0$0$1,958,614
98$4,487,387$0$0$2,038,487
99$4,670,050$0$0$2,122,730
100$4,862,680$0$0$2,211,669