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%18.6%
1 years$56,814$56,308$55,815$55,333$54,862$52,958
2 years$28,126$27,602$27,094$26,602$26,125$24,226
3 years$18,564$18,038$17,532$17,044$16,575$14,741
4 years$13,785$13,260$12,759$12,279$11,821$10,066
5 years$10,917$10,396$9,901$9,432$8,986$7,315
6 years$9,007$8,489$8,002$7,543$7,111$5,525
7 years$7,642$7,129$6,649$6,201$5,783$4,282
8 years$6,619$6,111$5,639$5,202$4,797$3,380
9 years$5,824$5,321$4,857$4,431$4,040$2,704
10 years$5,189$4,690$4,235$3,820$3,442$2,186
11 years$4,669$4,175$3,728$3,324$2,961$1,781
12 years$4,236$3,747$3,309$2,916$2,566$1,460
13 years$3,870$3,387$2,956$2,574$2,237$1,203
14 years$3,557$3,078$2,656$2,285$1,961$996
15 years$3,285$2,812$2,398$2,038$1,727$826
16 years$3,048$2,580$2,174$1,825$1,526$688
17 years$2,839$2,376$1,978$1,639$1,353$574
18 years$2,653$2,196$1,806$1,477$1,203$479
19 years$2,487$2,035$1,653$1,335$1,072$401
20 years$2,338$1,891$1,517$1,209$958$336
21 years$2,204$1,761$1,396$1,097$857$282
22 years$2,081$1,644$1,286$998$768$237
23 years$1,970$1,538$1,188$909$690$199
24 years$1,868$1,441$1,098$829$620$167
25 years$1,774$1,352$1,017$757$558$140
26 years$1,687$1,271$944$692$502$118
27 years$1,607$1,196$876$633$453$99
28 years$1,533$1,127$814$580$409$84
29 years$1,465$1,063$758$532$369$70
30 years$1,400$1,004$706$488$334$59
31 years$1,341$949$658$449$302$50
32 years$1,285$898$614$412$273$42
33 years$1,232$850$573$379$247$35
34 years$1,183$806$536$349$223$30
35 years$1,136$765$501$321$202$25
36 years$1,093$726$469$296$183$21
37 years$1,051$689$439$272$166$18
38 years$1,012$655$411$251$151$15
39 years$976$623$385$232$137$13
40 years$941$593$361$214$124$11
41 years$907$564$338$197$112$9
42 years$876$537$317$182$102$8
43 years$846$512$298$168$93$6
44 years$817$488$279$155$84$5
45 years$790$465$262$143$76$5
46 years$764$444$246$132$69$4
47 years$740$424$232$122$63$3
48 years$716$404$218$113$57$3
49 years$693$386$204$104$52$2
50 years$672$369$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 $688,000, adding $5,219 every year, while hoping to spend $44,700 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: 48/41/11 Blend
44$688,000$688,000$688,000$688,000
45$763,559$727,095$716,431$797,665
46$793,882$715,163$692,871$809,745
47$825,799$701,147$667,024$817,770
48$859,427$684,899$638,765$825,469
49$894,891$666,261$607,966$832,827
50$932,327$645,066$574,491$839,827
51$971,886$621,136$538,198$846,458
52$1,013,731$594,284$498,940$852,707
53$1,058,039$564,311$456,562$858,567
54$1,105,006$531,009$410,903$864,032
55$1,154,842$494,155$361,795$869,100
56$1,207,782$453,514$309,061$873,773
57$1,264,079$408,839$252,517$878,058
58$1,324,010$359,868$191,972$881,968
59$1,387,881$306,323$127,225$885,521
60$1,456,025$247,913$58,067$888,746
61$1,528,807$184,328$0$891,677
62$1,606,627$115,242$0$896,207
63$1,689,923$40,309$0$907,939
64$1,779,178$0$0$920,149
65$1,874,919$0$0$951,372
66$1,977,724$0$0$1,004,480
67$2,088,230$0$0$1,061,621
68$2,207,134$0$0$1,123,163
69$2,335,202$0$0$1,189,509
70$2,473,276$0$0$1,261,105
71$2,622,279$0$0$1,338,436
72$2,783,228$0$0$1,422,039
73$2,957,238$0$0$1,512,503
74$3,145,536$0$0$1,610,475
75$3,349,470$0$0$1,716,666
76$3,570,523$0$0$1,831,859
77$3,810,324$0$0$1,956,915
78$4,070,667$0$0$2,092,781
79$4,353,523$0$0$2,240,496
80$4,661,061$0$0$2,401,208
81$4,995,668$0$0$2,576,176
82$5,359,968$0$0$2,766,787
83$5,756,852$0$0$2,974,567
84$6,189,498$0$0$3,201,197
85$6,661,406$0$0$3,448,524
86$7,176,426$0$0$3,718,583
87$7,738,799$0$0$4,013,616
88$8,353,191$0$0$4,336,088
89$9,024,739$0$0$4,688,714
90$9,759,099$0$0$5,074,483
91$10,562,501$0$0$5,496,688
92$11,441,801$0$0$5,958,953
93$12,404,549$0$0$6,465,270
94$13,459,063$0$0$7,020,034
95$14,614,498$0$0$7,628,086
96$15,880,939$0$0$8,294,757
97$17,269,494$0$0$9,025,920
98$18,792,396$0$0$9,828,042
99$20,463,118$0$0$10,708,247
100$22,296,502$0$0$11,674,382