Can I retire at age 45 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$56,649$56,145$55,652$55,172$54,703$54,426
2 years$28,044$27,522$27,016$26,525$26,049$25,770
3 years$18,510$17,986$17,481$16,995$16,526$16,254
4 years$13,744$13,222$12,722$12,244$11,787$11,522
5 years$10,886$10,366$9,873$9,404$8,960$8,705
6 years$8,980$8,464$7,978$7,521$7,090$6,844
7 years$7,620$7,108$6,630$6,183$5,766$5,529
8 years$6,600$6,093$5,623$5,187$4,783$4,556
9 years$5,807$5,305$4,843$4,418$4,028$3,810
10 years$5,174$4,676$4,222$3,808$3,432$3,224
11 years$4,655$4,163$3,717$3,315$2,952$2,752
12 years$4,224$3,737$3,299$2,907$2,558$2,367
13 years$3,859$3,377$2,947$2,567$2,231$2,049
14 years$3,546$3,069$2,648$2,278$1,955$1,782
15 years$3,276$2,804$2,391$2,032$1,722$1,557
16 years$3,039$2,573$2,168$1,819$1,522$1,365
17 years$2,831$2,369$1,973$1,635$1,349$1,200
18 years$2,646$2,189$1,801$1,473$1,200$1,058
19 years$2,480$2,029$1,648$1,331$1,069$935
20 years$2,331$1,885$1,513$1,206$955$828
21 years$2,197$1,756$1,392$1,094$855$735
22 years$2,075$1,639$1,283$995$766$653
23 years$1,964$1,533$1,184$906$688$581
24 years$1,862$1,437$1,095$826$618$517
25 years$1,769$1,348$1,014$755$556$461
26 years$1,682$1,267$941$690$501$412
27 years$1,603$1,192$874$632$452$368
28 years$1,529$1,124$812$579$408$329
29 years$1,460$1,060$756$531$368$294
30 years$1,396$1,001$704$487$333$263
31 years$1,337$946$656$447$301$236
32 years$1,281$895$612$411$272$211
33 years$1,229$848$572$378$246$189
34 years$1,179$804$534$348$223$170
35 years$1,133$762$499$320$202$152
36 years$1,090$724$467$295$183$136
37 years$1,048$687$437$272$166$122
38 years$1,010$653$409$250$150$110
39 years$973$621$384$231$136$99
40 years$938$591$360$213$124$89
41 years$905$562$337$196$112$79
42 years$873$536$316$181$102$71
43 years$844$510$297$167$92$64
44 years$815$486$279$155$84$58
45 years$788$464$262$143$76$52
46 years$762$443$246$132$69$47
47 years$737$422$231$122$63$42
48 years$714$403$217$113$57$38
49 years$691$385$204$104$52$34
50 years$670$368$192$96$47$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $686,000, adding $6,286 every year, while hoping to spend $52,797 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: 63/20/17 Blend
44$686,000$686,000$686,000$686,000
45$762,456$726,098$715,465$806,865
46$784,051$705,501$683,257$816,875
47$806,079$682,126$648,201$821,246
48$828,529$655,779$610,146$824,763
49$851,385$626,259$568,933$827,348
50$874,631$593,351$524,397$828,913
51$898,245$556,827$476,365$829,365
52$922,202$516,446$424,659$828,605
53$946,470$471,956$369,089$826,526
54$971,015$423,087$309,458$823,013
55$995,796$369,555$245,562$817,941
56$1,020,765$311,062$177,187$811,177
57$1,045,868$247,289$104,107$802,578
58$1,071,043$177,902$26,091$791,990
59$1,096,218$102,548$0$779,246
60$1,121,312$20,853$0$774,537
61$1,146,235$0$0$773,026
62$1,170,882$0$0$784,686
63$1,195,136$0$0$800,637
64$1,218,867$0$0$816,195
65$1,241,926$0$0$831,258
66$1,264,146$0$0$845,710
67$1,285,343$0$0$859,420
68$1,305,308$0$0$872,243
69$1,323,808$0$0$884,017
70$1,340,584$0$0$894,560
71$1,355,347$0$0$903,670
72$1,367,773$0$0$911,122
73$1,377,503$0$0$916,665
74$1,384,137$0$0$920,021
75$1,387,231$0$0$920,880
76$1,386,291$0$0$918,898
77$1,380,769$0$0$913,692
78$1,370,055$0$0$904,839
79$1,353,474$0$0$891,868
80$1,330,278$0$0$874,258
81$1,299,636$0$0$851,431
82$1,260,629$0$0$822,749
83$1,212,239$0$0$787,501
84$1,153,339$0$0$744,905
85$1,082,681$0$0$694,091
86$998,884$0$0$634,101
87$900,422$0$0$563,872
88$785,605$0$0$482,230
89$652,567$0$0$387,877
90$499,245$0$0$279,379
91$323,358$0$0$155,149
92$122,385$0$0$13,438
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0