Can I retire at age 45 with 689,000?

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 $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%11.7%
1 years$56,897$56,390$55,896$55,413$54,942$54,550
2 years$28,167$27,642$27,134$26,641$26,163$25,768
3 years$18,591$18,065$17,557$17,069$16,599$16,212
4 years$13,805$13,279$12,777$12,297$11,838$11,464
5 years$10,933$10,411$9,916$9,446$8,999$8,638
6 years$9,020$8,501$8,013$7,554$7,121$6,773
7 years$7,653$7,140$6,659$6,210$5,791$5,457
8 years$6,629$6,120$5,647$5,210$4,804$4,484
9 years$5,833$5,328$4,864$4,437$4,046$3,739
10 years$5,196$4,697$4,241$3,825$3,447$3,154
11 years$4,676$4,181$3,733$3,329$2,965$2,685
12 years$4,242$3,753$3,313$2,920$2,569$2,302
13 years$3,876$3,392$2,960$2,578$2,240$1,986
14 years$3,562$3,083$2,660$2,288$1,964$1,722
15 years$3,290$2,816$2,401$2,041$1,729$1,499
16 years$3,053$2,584$2,177$1,827$1,528$1,310
17 years$2,843$2,380$1,981$1,642$1,355$1,148
18 years$2,657$2,199$1,809$1,480$1,205$1,009
19 years$2,491$2,038$1,656$1,337$1,074$888
20 years$2,342$1,894$1,519$1,211$959$784
21 years$2,207$1,764$1,398$1,099$858$693
22 years$2,084$1,647$1,288$999$769$613
23 years$1,973$1,540$1,189$910$691$544
24 years$1,870$1,443$1,100$830$621$482
25 years$1,776$1,354$1,019$758$559$428
26 years$1,690$1,273$945$693$503$381
27 years$1,610$1,198$877$634$454$339
28 years$1,536$1,129$816$581$409$302
29 years$1,467$1,065$759$533$370$269
30 years$1,403$1,005$707$489$334$240
31 years$1,343$950$659$449$302$214
32 years$1,286$899$615$413$273$191
33 years$1,234$852$574$380$247$170
34 years$1,185$807$537$349$224$152
35 years$1,138$766$502$322$203$136
36 years$1,094$727$469$296$184$121
37 years$1,053$690$439$273$166$108
38 years$1,014$656$411$252$151$97
39 years$977$624$385$232$137$86
40 years$942$593$361$214$124$77
41 years$909$565$339$197$113$69
42 years$877$538$318$182$102$62
43 years$847$513$298$168$93$55
44 years$819$489$280$155$84$49
45 years$791$466$263$143$76$44
46 years$765$444$247$132$69$40
47 years$741$424$232$122$63$35
48 years$717$405$218$113$57$32
49 years$694$387$205$104$52$28
50 years$673$369$193$97$47$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $689,000, adding $3,309 every year, while hoping to spend $52,917 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: 83/10/7 Blend
44$689,000$689,000$689,000$689,000
45$762,691$726,174$715,495$825,228
46$784,182$705,453$683,161$845,860
47$806,092$681,944$647,970$861,051
48$828,407$655,453$609,770$876,088
49$851,112$625,777$568,404$890,922
50$874,185$592,700$523,706$905,502
51$897,605$555,995$475,503$919,770
52$921,342$515,420$423,613$933,661
53$945,364$470,721$367,849$947,106
54$969,632$421,627$308,014$960,027
55$994,103$367,856$243,901$972,340
56$1,018,725$309,104$175,295$983,950
57$1,043,441$245,056$101,973$994,756
58$1,068,183$175,375$23,700$1,004,643
59$1,092,875$99,706$0$1,013,488
60$1,117,432$17,674$0$1,025,624
61$1,141,755$0$0$1,038,612
62$1,165,735$0$0$1,058,360
63$1,189,249$0$0$1,079,618
64$1,212,156$0$0$1,100,313
65$1,234,299$0$0$1,120,303
66$1,255,505$0$0$1,139,426
67$1,275,575$0$0$1,157,502
68$1,294,291$0$0$1,174,330
69$1,311,407$0$0$1,189,686
70$1,326,650$0$0$1,203,319
71$1,339,714$0$0$1,214,950
72$1,350,259$0$0$1,224,266
73$1,357,908$0$0$1,230,923
74$1,362,240$0$0$1,234,535
75$1,362,786$0$0$1,234,675
76$1,359,029$0$0$1,230,866
77$1,350,392$0$0$1,222,582
78$1,336,235$0$0$1,209,238
79$1,315,849$0$0$1,190,183
80$1,288,448$0$0$1,164,700
81$1,253,162$0$0$1,131,990
82$1,209,025$0$0$1,091,172
83$1,154,969$0$0$1,041,267
84$1,089,813$0$0$981,194
85$1,012,247$0$0$909,756
86$920,824$0$0$825,628
87$813,944$0$0$727,346
88$689,837$0$0$613,290
89$546,547$0$0$481,671
90$381,911$0$0$330,511
91$193,540$0$0$157,623
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