Can I retire at age 45 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$56,980$56,472$55,977$55,494$55,022$53,175
2 years$28,208$27,682$27,173$26,680$26,201$24,359
3 years$18,618$18,091$17,583$17,094$16,623$14,843
4 years$13,825$13,299$12,796$12,315$11,856$10,152
5 years$10,949$10,426$9,930$9,459$9,012$7,389
6 years$9,033$8,514$8,025$7,565$7,131$5,589
7 years$7,664$7,150$6,669$6,219$5,800$4,339
8 years$6,639$6,129$5,656$5,217$4,811$3,431
9 years$5,841$5,336$4,871$4,444$4,052$2,750
10 years$5,204$4,704$4,247$3,831$3,452$2,228
11 years$4,682$4,187$3,739$3,334$2,969$1,819
12 years$4,248$3,758$3,318$2,924$2,573$1,494
13 years$3,881$3,396$2,965$2,582$2,244$1,234
14 years$3,567$3,087$2,664$2,292$1,967$1,023
15 years$3,295$2,820$2,405$2,044$1,732$851
16 years$3,057$2,588$2,180$1,830$1,531$710
17 years$2,847$2,383$1,984$1,644$1,357$593
18 years$2,661$2,202$1,811$1,482$1,207$497
19 years$2,495$2,041$1,658$1,339$1,075$417
20 years$2,345$1,896$1,522$1,213$961$350
21 years$2,210$1,766$1,400$1,101$860$294
22 years$2,087$1,649$1,290$1,001$771$247
23 years$1,975$1,542$1,191$911$692$208
24 years$1,873$1,445$1,102$831$622$176
25 years$1,779$1,356$1,020$759$559$148
26 years$1,692$1,274$946$694$504$125
27 years$1,612$1,199$879$635$454$105
28 years$1,538$1,130$817$582$410$89
29 years$1,469$1,066$760$534$370$75
30 years$1,405$1,007$708$490$334$63
31 years$1,345$952$660$450$302$53
32 years$1,288$901$616$413$274$45
33 years$1,236$853$575$380$248$38
34 years$1,186$808$537$350$224$32
35 years$1,140$767$502$322$203$27
36 years$1,096$728$470$297$184$23
37 years$1,055$691$440$273$167$19
38 years$1,015$657$412$252$151$16
39 years$978$625$386$232$137$14
40 years$943$594$362$214$124$12
41 years$910$566$339$198$113$10
42 years$878$539$318$182$102$8
43 years$848$513$299$168$93$7
44 years$820$489$280$155$84$6
45 years$793$467$263$144$77$5
46 years$767$445$247$133$69$4
47 years$742$425$232$123$63$4
48 years$718$406$218$113$57$3
49 years$695$387$205$105$52$3
50 years$674$370$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $690,000, adding $6,340 every year, while hoping to spend $28,869 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: 39/39/22 Blend
44$690,000$690,000$690,000$690,000
45$766,920$730,350$719,655$791,595
46$814,429$735,420$713,047$815,054
47$865,817$739,772$705,250$837,211
48$921,448$743,339$696,194$860,587
49$981,725$746,051$685,805$885,308
50$1,047,087$747,834$674,006$911,516
51$1,118,021$748,609$660,716$939,370
52$1,195,061$748,292$645,852$969,046
53$1,278,793$746,795$629,324$1,000,739
54$1,369,863$744,021$611,040$1,034,667
55$1,468,983$739,872$590,903$1,071,073
56$1,576,934$734,241$568,813$1,110,226
57$1,694,577$727,014$544,663$1,152,426
58$1,822,858$718,071$518,344$1,198,007
59$1,962,820$707,287$489,739$1,247,337
60$2,115,610$694,527$458,728$1,300,827
61$2,282,490$679,648$425,184$1,358,934
62$2,464,853$662,498$388,975$1,422,163
63$2,664,226$642,920$349,965$1,491,076
64$2,882,297$620,742$308,008$1,566,294
65$3,120,920$595,787$262,955$1,648,508
66$3,382,138$567,865$214,649$1,738,484
67$3,668,201$536,776$162,925$1,837,068
68$3,981,587$502,307$107,612$1,945,200
69$4,325,024$464,235$48,532$2,063,920
70$4,701,517$422,323$0$2,194,382
71$5,114,376$376,321$0$2,341,268
72$5,567,245$325,964$0$2,514,962
73$6,064,140$270,972$0$2,705,670
74$6,609,483$211,050$0$2,915,173
75$7,208,145$145,886$0$3,145,435
76$7,865,491$75,150$0$3,398,628
77$8,587,434$0$0$3,677,149
78$9,380,485$0$0$3,984,292
79$10,251,816$0$0$4,357,284
80$11,209,331$0$0$4,767,270
81$12,261,735$0$0$5,217,988
82$13,418,619$0$0$5,713,560
83$14,690,550$0$0$6,258,525
84$16,089,170$0$0$6,857,886
85$17,627,305$0$0$7,517,153
86$19,319,086$0$0$8,242,397
87$21,180,084$0$0$9,040,309
88$23,227,452$0$0$9,918,260
89$25,480,093$0$0$10,884,370
90$27,958,832$0$0$11,947,589
91$30,686,614$0$0$13,117,775
92$33,688,724$0$0$14,405,794
93$36,993,019$0$0$15,823,617
94$40,630,196$0$0$17,384,433
95$44,634,078$0$0$19,102,776
96$49,041,933$0$0$20,994,662
97$53,894,827$0$0$23,077,738
98$59,238,011$0$0$25,371,448
99$65,121,345$0$0$27,897,220
100$71,599,774$0$0$30,678,664