Can I retire at age 45 with 687,000?

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 $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%14.1%
1 years$56,732$56,226$55,733$55,252$54,782$53,853
2 years$28,085$27,562$27,055$26,564$26,087$25,153
3 years$18,537$18,012$17,506$17,020$16,551$15,642
4 years$13,764$13,241$12,740$12,262$11,804$10,927
5 years$10,901$10,381$9,887$9,418$8,973$8,131
6 years$8,993$8,477$7,990$7,532$7,100$6,293
7 years$7,631$7,119$6,640$6,192$5,774$5,003
8 years$6,610$6,102$5,631$5,195$4,790$4,055
9 years$5,816$5,313$4,850$4,425$4,034$3,334
10 years$5,181$4,683$4,228$3,814$3,437$2,771
11 years$4,662$4,169$3,723$3,319$2,956$2,324
12 years$4,230$3,742$3,304$2,912$2,562$1,963
13 years$3,864$3,382$2,952$2,570$2,234$1,667
14 years$3,552$3,074$2,652$2,282$1,958$1,422
15 years$3,281$2,808$2,394$2,035$1,724$1,218
16 years$3,044$2,576$2,171$1,822$1,524$1,047
17 years$2,835$2,373$1,975$1,637$1,351$902
18 years$2,649$2,192$1,803$1,475$1,201$779
19 years$2,484$2,032$1,651$1,333$1,071$674
20 years$2,335$1,888$1,515$1,207$956$585
21 years$2,200$1,759$1,394$1,096$856$508
22 years$2,078$1,642$1,284$996$767$441
23 years$1,967$1,535$1,186$907$689$384
24 years$1,865$1,439$1,097$828$619$334
25 years$1,771$1,350$1,016$756$557$292
26 years$1,685$1,269$942$691$502$254
27 years$1,605$1,194$875$633$452$222
28 years$1,531$1,125$813$580$408$194
29 years$1,462$1,062$757$531$369$169
30 years$1,398$1,003$705$488$333$148
31 years$1,339$948$657$448$301$129
32 years$1,283$897$613$412$272$113
33 years$1,230$849$573$379$246$99
34 years$1,181$805$535$348$223$87
35 years$1,135$763$500$321$202$76
36 years$1,091$725$468$295$183$66
37 years$1,050$688$438$272$166$58
38 years$1,011$654$410$251$150$51
39 years$974$622$384$231$136$45
40 years$939$592$360$213$124$39
41 years$906$563$338$197$112$34
42 years$875$536$317$182$102$30
43 years$845$511$297$168$92$26
44 years$816$487$279$155$84$23
45 years$789$465$262$143$76$20
46 years$763$443$246$132$69$18
47 years$739$423$231$122$63$15
48 years$715$404$217$113$57$14
49 years$692$386$204$104$52$12
50 years$671$368$192$96$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $687,000, adding $2,889 every year, while hoping to spend $29,279 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: 48/39/13 Blend
44$687,000$687,000$687,000$687,000
45$760,054$723,643$712,995$793,666
46$806,427$727,949$705,727$821,453
47$856,548$731,484$697,235$848,342
48$910,770$734,181$687,446$876,884
49$969,479$735,966$676,286$907,245
50$1,033,098$736,761$663,674$939,606
51$1,102,096$736,484$649,529$974,170
52$1,176,986$735,047$633,764$1,011,161
53$1,258,332$732,359$616,289$1,050,827
54$1,346,757$728,319$597,009$1,093,446
55$1,442,943$722,824$575,826$1,139,321
56$1,547,643$715,762$552,636$1,188,792
57$1,661,684$707,016$527,331$1,242,235
58$1,785,977$696,461$499,798$1,300,063
59$1,921,524$683,965$469,919$1,362,739
60$2,069,429$669,388$437,570$1,430,771
61$2,230,905$652,582$402,623$1,504,724
62$2,407,289$633,390$364,942$1,585,223
63$2,600,052$611,646$324,387$1,672,960
64$2,810,814$587,174$280,811$1,768,698
65$3,041,359$559,788$234,061$1,873,287
66$3,293,651$529,291$183,975$1,987,661
67$3,569,852$495,474$130,387$2,112,858
68$3,872,343$458,119$73,121$2,250,024
69$4,203,747$416,992$11,996$2,400,426
70$4,566,952$371,846$0$2,565,465
71$4,965,138$322,424$0$2,754,077
72$5,401,807$268,448$0$2,962,844
73$5,880,820$209,630$0$3,192,023
74$6,406,424$145,663$0$3,443,737
75$6,983,302$76,222$0$3,720,328
76$7,616,609$967$0$4,024,385
77$8,312,024$0$0$4,358,764
78$9,075,806$0$0$4,761,150
79$9,914,846$0$0$5,203,722
80$10,836,738$0$0$5,690,079
81$11,849,846$0$0$6,224,646
82$12,963,385$0$0$6,812,295
83$14,187,507$0$0$7,458,395
84$15,533,399$0$0$8,168,862
85$17,013,384$0$0$8,950,212
86$18,641,037$0$0$9,809,626
87$20,431,317$0$0$10,755,015
88$22,400,707$0$0$11,795,095
89$24,567,365$0$0$12,939,469
90$26,951,297$0$0$14,198,720
91$29,574,550$0$0$15,584,507
92$32,461,412$0$0$17,109,675
93$35,638,648$0$0$18,788,381
94$39,135,746$0$0$20,636,220
95$42,985,200$0$0$22,670,379
96$47,222,812$0$0$24,909,793
97$51,888,034$0$0$27,375,330
98$57,024,337$0$0$30,089,981
99$62,679,620$0$0$33,079,080
100$68,906,663$0$0$36,370,545