Can I retire at age 45 with 688,000?

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 $688,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$56,814$56,308$55,815$55,333$54,862$53,909
2 years$28,126$27,602$27,094$26,602$26,125$25,168
3 years$18,564$18,038$17,532$17,044$16,575$15,643
4 years$13,785$13,260$12,759$12,279$11,821$10,923
5 years$10,917$10,396$9,901$9,432$8,986$8,123
6 years$9,007$8,489$8,002$7,543$7,111$6,284
7 years$7,642$7,129$6,649$6,201$5,783$4,993
8 years$6,619$6,111$5,639$5,202$4,797$4,044
9 years$5,824$5,321$4,857$4,431$4,040$3,323
10 years$5,189$4,690$4,235$3,820$3,442$2,761
11 years$4,669$4,175$3,728$3,324$2,961$2,314
12 years$4,236$3,747$3,309$2,916$2,566$1,953
13 years$3,870$3,387$2,956$2,574$2,237$1,657
14 years$3,557$3,078$2,656$2,285$1,961$1,413
15 years$3,285$2,812$2,398$2,038$1,727$1,210
16 years$3,048$2,580$2,174$1,825$1,526$1,039
17 years$2,839$2,376$1,978$1,639$1,353$895
18 years$2,653$2,196$1,806$1,477$1,203$772
19 years$2,487$2,035$1,653$1,335$1,072$668
20 years$2,338$1,891$1,517$1,209$958$578
21 years$2,204$1,761$1,396$1,097$857$502
22 years$2,081$1,644$1,286$998$768$436
23 years$1,970$1,538$1,188$909$690$379
24 years$1,868$1,441$1,098$829$620$330
25 years$1,774$1,352$1,017$757$558$287
26 years$1,687$1,271$944$692$502$250
27 years$1,607$1,196$876$633$453$218
28 years$1,533$1,127$814$580$409$191
29 years$1,465$1,063$758$532$369$166
30 years$1,400$1,004$706$488$334$145
31 years$1,341$949$658$449$302$127
32 years$1,285$898$614$412$273$111
33 years$1,232$850$573$379$247$97
34 years$1,183$806$536$349$223$85
35 years$1,136$765$501$321$202$74
36 years$1,093$726$469$296$183$65
37 years$1,051$689$439$272$166$57
38 years$1,012$655$411$251$151$50
39 years$976$623$385$232$137$43
40 years$941$593$361$214$124$38
41 years$907$564$338$197$112$33
42 years$876$537$317$182$102$29
43 years$846$512$298$168$93$25
44 years$817$488$279$155$84$22
45 years$790$465$262$143$76$20
46 years$764$444$246$132$69$17
47 years$740$424$232$122$63$15
48 years$716$404$218$113$57$13
49 years$693$386$204$104$52$11
50 years$672$369$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 $688,000, adding $5,357 every year, while hoping to spend $46,963 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: 86/8/6 Blend
44$688,000$688,000$688,000$688,000
45$763,702$727,238$716,574$828,722
46$791,631$712,904$690,611$857,576
47$820,835$696,294$662,204$882,245
48$851,394$677,247$631,222$907,839
49$883,396$655,591$597,527$934,418
50$916,935$631,147$560,976$962,047
51$952,112$603,723$521,419$990,798
52$989,039$573,118$478,699$1,020,749
53$1,027,837$539,117$432,651$1,051,988
54$1,068,637$501,494$383,105$1,084,608
55$1,111,582$460,010$329,883$1,118,714
56$1,156,825$414,413$272,796$1,154,421
57$1,204,538$364,436$211,651$1,191,854
58$1,254,903$309,795$146,243$1,231,152
59$1,308,121$250,194$76,361$1,272,467
60$1,364,412$185,316$1,782$1,315,967
61$1,424,015$114,830$0$1,361,836
62$1,487,192$38,383$0$1,415,259
63$1,554,227$0$0$1,471,925
64$1,625,432$0$0$1,535,889
65$1,701,150$0$0$1,607,505
66$1,781,754$0$0$1,683,747
67$1,867,653$0$0$1,765,001
68$1,959,294$0$0$1,851,694
69$2,057,169$0$0$1,944,289
70$2,161,814$0$0$2,043,296
71$2,273,821$0$0$2,149,273
72$2,393,834$0$0$2,262,833
73$2,522,563$0$0$2,384,648
74$2,660,786$0$0$2,515,455
75$2,809,357$0$0$2,656,062
76$2,969,213$0$0$2,807,359
77$3,141,383$0$0$2,970,319
78$3,326,998$0$0$3,146,015
79$3,527,299$0$0$3,335,622
80$3,743,651$0$0$3,540,434
81$3,977,553$0$0$3,761,871
82$4,230,652$0$0$4,001,495
83$4,504,760$0$0$4,261,021
84$4,801,868$0$0$4,542,337
85$5,124,166$0$0$4,847,518
86$5,474,063$0$0$5,178,847
87$5,854,207$0$0$5,538,832
88$6,267,512$0$0$5,930,237
89$6,717,184$0$0$6,356,097
90$7,206,750$0$0$6,819,756
91$7,740,090$0$0$7,324,891
92$8,321,476$0$0$7,875,550
93$8,955,608$0$0$8,476,187
94$9,647,660$0$0$9,131,704
95$10,403,326$0$0$9,847,500
96$11,228,876$0$0$10,629,514
97$12,131,211$0$0$11,484,286
98$13,117,929$0$0$12,419,019
99$14,197,396$0$0$13,441,639
100$15,378,824$0$0$14,560,876