Can I retire at age 45 with 687,000?

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 $687,000?

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$56,732$56,226$55,733$55,252$54,782$52,776
2 years$28,085$27,562$27,055$26,564$26,087$24,087
3 years$18,537$18,012$17,506$17,020$16,551$14,621
4 years$13,764$13,241$12,740$12,262$11,804$9,960
5 years$10,901$10,381$9,887$9,418$8,973$7,219
6 years$8,993$8,477$7,990$7,532$7,100$5,437
7 years$7,631$7,119$6,640$6,192$5,774$4,201
8 years$6,610$6,102$5,631$5,195$4,790$3,307
9 years$5,816$5,313$4,850$4,425$4,034$2,638
10 years$5,181$4,683$4,228$3,814$3,437$2,125
11 years$4,662$4,169$3,723$3,319$2,956$1,726
12 years$4,230$3,742$3,304$2,912$2,562$1,411
13 years$3,864$3,382$2,952$2,570$2,234$1,158
14 years$3,552$3,074$2,652$2,282$1,958$955
15 years$3,281$2,808$2,394$2,035$1,724$790
16 years$3,044$2,576$2,171$1,822$1,524$655
17 years$2,835$2,373$1,975$1,637$1,351$544
18 years$2,649$2,192$1,803$1,475$1,201$453
19 years$2,484$2,032$1,651$1,333$1,071$378
20 years$2,335$1,888$1,515$1,207$956$315
21 years$2,200$1,759$1,394$1,096$856$263
22 years$2,078$1,642$1,284$996$767$220
23 years$1,967$1,535$1,186$907$689$184
24 years$1,865$1,439$1,097$828$619$154
25 years$1,771$1,350$1,016$756$557$129
26 years$1,685$1,269$942$691$502$108
27 years$1,605$1,194$875$633$452$91
28 years$1,531$1,125$813$580$408$76
29 years$1,462$1,062$757$531$369$64
30 years$1,398$1,003$705$488$333$54
31 years$1,339$948$657$448$301$45
32 years$1,283$897$613$412$272$38
33 years$1,230$849$573$379$246$32
34 years$1,181$805$535$348$223$27
35 years$1,135$763$500$321$202$22
36 years$1,091$725$468$295$183$19
37 years$1,050$688$438$272$166$16
38 years$1,011$654$410$251$150$13
39 years$974$622$384$231$136$11
40 years$939$592$360$213$124$9
41 years$906$563$338$197$112$8
42 years$875$536$317$182$102$7
43 years$845$511$297$168$92$5
44 years$816$487$279$155$84$5
45 years$789$465$262$143$76$4
46 years$763$443$246$132$69$3
47 years$739$423$231$122$63$3
48 years$715$404$217$113$57$2
49 years$692$386$204$104$52$2
50 years$671$368$192$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $687,000, adding $2,648 every year, while hoping to spend $25,657 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: 34/43/23 Blend
44$687,000$687,000$687,000$687,000
45$759,805$723,394$712,746$780,235
46$810,007$731,542$709,324$803,812
47$864,469$739,229$704,928$826,695
48$923,599$746,405$699,497$850,852
49$987,845$753,018$692,969$876,413
50$1,057,701$759,012$685,279$903,522
51$1,133,708$764,325$676,358$932,339
52$1,216,464$768,895$666,134$963,040
53$1,306,626$772,653$654,532$995,825
54$1,404,915$775,527$641,472$1,030,912
55$1,512,128$777,439$626,873$1,068,545
56$1,629,140$778,309$610,648$1,108,994
57$1,756,915$778,048$592,707$1,152,561
58$1,896,513$776,565$572,956$1,199,578
59$2,049,102$773,762$551,295$1,250,416
60$2,215,969$769,534$527,621$1,305,485
61$2,398,528$763,772$501,827$1,365,240
62$2,598,340$756,358$473,800$1,430,186
63$2,817,119$747,169$443,421$1,500,882
64$3,056,758$736,072$410,568$1,577,947
65$3,319,336$722,929$375,111$1,662,069
66$3,607,148$707,592$336,917$1,754,007
67$3,922,717$689,904$295,843$1,854,604
68$4,268,825$669,700$251,745$1,964,793
69$4,648,534$646,805$204,468$2,085,605
70$5,065,220$621,033$153,852$2,218,184
71$5,522,596$592,188$99,731$2,363,793
72$6,024,759$560,063$41,929$2,523,831
73$6,576,215$524,437$0$2,699,845
74$7,181,934$485,079$0$2,898,396
75$7,847,387$441,743$0$3,127,823
76$8,578,602$394,170$0$3,379,968
77$9,382,220$342,086$0$3,657,194
78$10,265,559$285,200$0$3,962,112
79$11,236,678$223,208$0$4,297,604
80$12,304,459$155,784$0$4,666,850
81$13,478,685$82,588$0$5,073,362
82$14,770,135$3,260$0$5,521,017
83$16,190,688$0$0$6,014,091
84$17,753,427$0$0$6,596,382
85$19,472,772$0$0$7,238,838
86$21,364,607$0$0$7,945,869
87$23,446,437$0$0$8,724,029
88$25,737,546$0$0$9,580,544
89$28,259,185$0$0$10,523,374
90$31,034,768$0$0$11,561,289
91$34,090,094$0$0$12,703,954
92$37,453,592$0$0$13,962,018
93$41,156,585$0$0$15,347,216
94$45,233,590$0$0$16,872,478
95$49,722,638$0$0$18,552,052
96$54,665,639$0$0$20,401,638
97$60,108,772$0$0$22,438,536
98$66,102,922$0$0$24,681,809
99$72,704,162$0$0$27,152,464
100$79,974,279$0$0$29,873,649