Can I retire at age 45 with 689,000?

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 $689,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$56,897$56,390$55,896$55,413$54,942$54,596
2 years$28,167$27,642$27,134$26,641$26,163$25,814
3 years$18,591$18,065$17,557$17,069$16,599$16,257
4 years$13,805$13,279$12,777$12,297$11,838$11,507
5 years$10,933$10,411$9,916$9,446$8,999$8,680
6 years$9,020$8,501$8,013$7,554$7,121$6,813
7 years$7,653$7,140$6,659$6,210$5,791$5,495
8 years$6,629$6,120$5,647$5,210$4,804$4,520
9 years$5,833$5,328$4,864$4,437$4,046$3,774
10 years$5,196$4,697$4,241$3,825$3,447$3,187
11 years$4,676$4,181$3,733$3,329$2,965$2,716
12 years$4,242$3,753$3,313$2,920$2,569$2,332
13 years$3,876$3,392$2,960$2,578$2,240$2,014
14 years$3,562$3,083$2,660$2,288$1,964$1,749
15 years$3,290$2,816$2,401$2,041$1,729$1,525
16 years$3,053$2,584$2,177$1,827$1,528$1,334
17 years$2,843$2,380$1,981$1,642$1,355$1,171
18 years$2,657$2,199$1,809$1,480$1,205$1,030
19 years$2,491$2,038$1,656$1,337$1,074$908
20 years$2,342$1,894$1,519$1,211$959$803
21 years$2,207$1,764$1,398$1,099$858$711
22 years$2,084$1,647$1,288$999$769$630
23 years$1,973$1,540$1,189$910$691$559
24 years$1,870$1,443$1,100$830$621$497
25 years$1,776$1,354$1,019$758$559$442
26 years$1,690$1,273$945$693$503$394
27 years$1,610$1,198$877$634$454$351
28 years$1,536$1,129$816$581$409$313
29 years$1,467$1,065$759$533$370$279
30 years$1,403$1,005$707$489$334$249
31 years$1,343$950$659$449$302$223
32 years$1,286$899$615$413$273$199
33 years$1,234$852$574$380$247$178
34 years$1,185$807$537$349$224$159
35 years$1,138$766$502$322$203$142
36 years$1,094$727$469$296$184$127
37 years$1,053$690$439$273$166$114
38 years$1,014$656$411$252$151$102
39 years$977$624$385$232$137$91
40 years$942$593$361$214$124$82
41 years$909$565$339$197$113$73
42 years$877$538$318$182$102$66
43 years$847$513$298$168$93$59
44 years$819$489$280$155$84$53
45 years$791$466$263$143$76$47
46 years$765$444$247$132$69$42
47 years$741$424$232$122$63$38
48 years$717$405$218$113$57$34
49 years$694$387$205$104$52$30
50 years$673$369$193$97$47$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $689,000, adding $4,448 every year, while hoping to spend $48,300 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: 46/25/29 Blend
44$689,000$689,000$689,000$689,000
45$763,866$727,349$716,670$792,447
46$790,390$711,598$689,287$797,411
47$818,000$693,457$659,369$797,794
48$846,756$672,757$626,778$797,290
49$876,724$649,320$591,373$795,842
50$907,971$622,958$553,006$793,391
51$940,573$593,472$511,520$789,877
52$974,610$560,651$466,755$785,237
53$1,010,169$524,272$418,540$779,406
54$1,047,343$484,098$366,698$772,316
55$1,086,235$439,882$311,045$763,898
56$1,126,953$391,358$251,388$754,081
57$1,169,618$338,250$187,525$742,792
58$1,214,357$280,263$119,245$729,956
59$1,261,311$217,085$46,329$715,498
60$1,310,631$148,389$0$699,338
61$1,362,483$73,828$0$691,142
62$1,417,047$0$0$697,019
63$1,474,517$0$0$704,530
64$1,535,106$0$0$733,892
65$1,599,046$0$0$764,909
66$1,666,590$0$0$797,710
67$1,738,014$0$0$832,432
68$1,813,618$0$0$869,226
69$1,893,730$0$0$908,257
70$1,978,711$0$0$949,707
71$2,068,951$0$0$993,771
72$2,164,882$0$0$1,040,667
73$2,266,971$0$0$1,090,630
74$2,375,734$0$0$1,143,920
75$2,491,732$0$0$1,200,820
76$2,615,584$0$0$1,261,641
77$2,747,963$0$0$1,326,723
78$2,889,611$0$0$1,396,439
79$3,041,340$0$0$1,471,200
80$3,204,041$0$0$1,551,455
81$3,378,690$0$0$1,637,697
82$3,566,361$0$0$1,730,468
83$3,768,229$0$0$1,830,361
84$3,985,589$0$0$1,938,030
85$4,219,858$0$0$2,054,192
86$4,472,597$0$0$2,179,635
87$4,745,518$0$0$2,315,225
88$5,040,504$0$0$2,461,912
89$5,359,623$0$0$2,620,743
90$5,705,149$0$0$2,792,868
91$6,079,582$0$0$2,979,552
92$6,485,672$0$0$3,182,184
93$6,926,440$0$0$3,402,294
94$7,405,213$0$0$3,641,565
95$7,925,648$0$0$3,901,846
96$8,491,767$0$0$4,185,175
97$9,107,999$0$0$4,493,792
98$9,779,213$0$0$4,830,162
99$10,510,770$0$0$5,196,999
100$11,308,570$0$0$5,597,289