Can I retire at age 45 with 688,000?

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 $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%12.6%
1 years$56,814$56,308$55,815$55,333$54,862$54,267
2 years$28,126$27,602$27,094$26,602$26,125$25,525
3 years$18,564$18,038$17,532$17,044$16,575$15,990
4 years$13,785$13,260$12,759$12,279$11,821$11,255
5 years$10,917$10,396$9,901$9,432$8,986$8,441
6 years$9,007$8,489$8,002$7,543$7,111$6,586
7 years$7,642$7,129$6,649$6,201$5,783$5,280
8 years$6,619$6,111$5,639$5,202$4,797$4,316
9 years$5,824$5,321$4,857$4,431$4,040$3,580
10 years$5,189$4,690$4,235$3,820$3,442$3,004
11 years$4,669$4,175$3,728$3,324$2,961$2,543
12 years$4,236$3,747$3,309$2,916$2,566$2,168
13 years$3,870$3,387$2,956$2,574$2,237$1,859
14 years$3,557$3,078$2,656$2,285$1,961$1,603
15 years$3,285$2,812$2,398$2,038$1,727$1,387
16 years$3,048$2,580$2,174$1,825$1,526$1,204
17 years$2,839$2,376$1,978$1,639$1,353$1,049
18 years$2,653$2,196$1,806$1,477$1,203$916
19 years$2,487$2,035$1,653$1,335$1,072$801
20 years$2,338$1,891$1,517$1,209$958$702
21 years$2,204$1,761$1,396$1,097$857$617
22 years$2,081$1,644$1,286$998$768$542
23 years$1,970$1,538$1,188$909$690$477
24 years$1,868$1,441$1,098$829$620$421
25 years$1,774$1,352$1,017$757$558$371
26 years$1,687$1,271$944$692$502$328
27 years$1,607$1,196$876$633$453$289
28 years$1,533$1,127$814$580$409$256
29 years$1,465$1,063$758$532$369$226
30 years$1,400$1,004$706$488$334$200
31 years$1,341$949$658$449$302$177
32 years$1,285$898$614$412$273$157
33 years$1,232$850$573$379$247$139
34 years$1,183$806$536$349$223$123
35 years$1,136$765$501$321$202$109
36 years$1,093$726$469$296$183$97
37 years$1,051$689$439$272$166$86
38 years$1,012$655$411$251$151$76
39 years$976$623$385$232$137$67
40 years$941$593$361$214$124$60
41 years$907$564$338$197$112$53
42 years$876$537$317$182$102$47
43 years$846$512$298$168$93$42
44 years$817$488$279$155$84$37
45 years$790$465$262$143$76$33
46 years$764$444$246$132$69$29
47 years$740$424$232$122$63$26
48 years$716$404$218$113$57$23
49 years$693$386$204$104$52$20
50 years$672$369$192$96$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $688,000, adding $2,582 every year, while hoping to spend $53,805 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: 27/44/29 Blend
44$688,000$688,000$688,000$688,000
45$760,839$724,375$713,711$774,476
46$781,197$702,622$680,373$764,024
47$801,828$677,999$644,114$748,036
48$822,702$650,309$604,780$729,788
49$843,788$619,344$562,210$709,123
50$865,045$584,882$516,234$685,879
51$886,428$546,691$466,677$659,881
52$907,887$504,522$413,354$630,944
53$929,363$458,115$356,073$598,874
54$950,789$407,193$294,632$563,462
55$972,089$351,465$228,822$524,490
56$993,177$290,622$158,423$481,722
57$1,013,958$224,339$83,206$434,913
58$1,034,321$152,272$2,934$383,799
59$1,054,146$74,057$0$328,101
60$1,073,293$0$0$293,124
61$1,091,610$0$0$260,762
62$1,108,924$0$0$263,897
63$1,125,042$0$0$266,612
64$1,139,748$0$0$268,841
65$1,152,804$0$0$270,512
66$1,163,939$0$0$271,542
67$1,172,858$0$0$271,840
68$1,179,228$0$0$271,305
69$1,182,679$0$0$269,826
70$1,182,803$0$0$267,278
71$1,179,142$0$0$263,522
72$1,171,193$0$0$258,406
73$1,158,395$0$0$251,761
74$1,140,124$0$0$243,398
75$1,115,692$0$0$233,110
76$1,084,336$0$0$220,666
77$1,045,209$0$0$205,812
78$997,374$0$0$188,267
79$939,795$0$0$167,717
80$871,325$0$0$143,819
81$790,695$0$0$116,192
82$696,500$0$0$84,415
83$587,191$0$0$48,022
84$461,050$0$0$6,500
85$316,184$0$0$0
86$150,496$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
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