Can I retire at age 45 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$57,062$56,554$56,058$55,574$55,101$54,526
2 years$28,249$27,722$27,213$26,718$26,239$25,659
3 years$18,645$18,117$17,608$17,119$16,647$16,081
4 years$13,845$13,318$12,814$12,333$11,873$11,325
5 years$10,965$10,441$9,944$9,473$9,025$8,498
6 years$9,046$8,526$8,037$7,576$7,142$6,635
7 years$7,676$7,160$6,678$6,228$5,808$5,322
8 years$6,648$6,138$5,664$5,225$4,818$4,353
9 years$5,850$5,344$4,878$4,450$4,058$3,613
10 years$5,211$4,710$4,253$3,836$3,457$3,033
11 years$4,689$4,193$3,744$3,339$2,973$2,569
12 years$4,255$3,764$3,323$2,928$2,577$2,192
13 years$3,887$3,401$2,969$2,585$2,247$1,881
14 years$3,572$3,092$2,668$2,295$1,970$1,622
15 years$3,300$2,824$2,408$2,047$1,734$1,405
16 years$3,061$2,591$2,184$1,833$1,533$1,221
17 years$2,851$2,386$1,987$1,647$1,359$1,064
18 years$2,665$2,205$1,814$1,484$1,208$930
19 years$2,498$2,044$1,660$1,341$1,077$814
20 years$2,348$1,899$1,524$1,214$962$714
21 years$2,213$1,769$1,402$1,102$861$627
22 years$2,090$1,651$1,292$1,002$772$552
23 years$1,978$1,544$1,193$913$693$486
24 years$1,876$1,447$1,103$832$623$429
25 years$1,782$1,358$1,022$760$560$379
26 years$1,695$1,276$948$695$505$334
27 years$1,614$1,201$880$636$455$296
28 years$1,540$1,132$818$583$411$262
29 years$1,471$1,068$761$535$371$232
30 years$1,407$1,008$709$491$335$205
31 years$1,346$953$661$451$303$182
32 years$1,290$902$617$414$274$161
33 years$1,237$854$576$381$248$143
34 years$1,188$810$538$350$224$127
35 years$1,141$768$503$323$203$112
36 years$1,097$729$471$297$184$100
37 years$1,056$692$440$274$167$88
38 years$1,017$658$412$252$151$78
39 years$980$626$386$233$137$70
40 years$945$595$362$215$124$62
41 years$911$567$340$198$113$55
42 years$880$540$319$183$102$49
43 years$850$514$299$169$93$43
44 years$821$490$281$156$84$38
45 years$794$467$264$144$77$34
46 years$768$446$247$133$70$30
47 years$743$425$233$123$63$27
48 years$719$406$218$113$57$24
49 years$696$388$205$105$52$21
50 years$675$370$193$97$47$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $691,000, adding $3,880 every year, while hoping to spend $42,605 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: 74/18/8 Blend
44$691,000$691,000$691,000$691,000
45$765,484$728,861$718,151$820,889
46$798,232$719,244$696,877$848,311
47$832,893$707,728$673,463$872,589
48$869,615$694,174$647,792$897,983
49$908,565$678,437$619,742$924,586
50$949,919$660,362$589,184$952,507
51$993,876$639,784$555,987$981,863
52$1,040,649$616,531$520,010$1,012,785
53$1,090,472$590,418$481,107$1,045,418
54$1,143,603$561,252$439,127$1,079,921
55$1,200,324$528,826$393,911$1,116,474
56$1,260,942$492,924$345,293$1,155,272
57$1,325,796$453,315$293,098$1,196,535
58$1,395,257$409,758$237,146$1,240,503
59$1,469,732$361,994$177,249$1,287,444
60$1,549,665$309,752$113,208$1,337,655
61$1,635,548$252,747$44,817$1,391,464
62$1,727,916$190,674$0$1,449,234
63$1,827,361$123,214$0$1,513,772
64$1,934,530$50,030$0$1,587,358
65$2,050,135$0$0$1,666,675
66$2,174,957$0$0$1,758,080
67$2,309,856$0$0$1,867,598
68$2,455,776$0$0$1,986,087
69$2,613,754$0$0$2,114,394
70$2,784,933$0$0$2,253,449
71$2,970,565$0$0$2,404,274
72$3,172,032$0$0$2,567,994
73$3,390,850$0$0$2,745,845
74$3,628,688$0$0$2,939,189
75$3,887,383$0$0$3,149,522
76$4,168,955$0$0$3,378,490
77$4,475,626$0$0$3,627,907
78$4,809,843$0$0$3,899,765
79$5,174,298$0$0$4,196,260
80$5,571,954$0$0$4,519,807
81$6,006,072$0$0$4,873,065
82$6,480,242$0$0$5,258,961
83$6,998,416$0$0$5,680,717
84$7,564,945$0$0$6,141,880
85$8,184,620$0$0$6,646,356
86$8,862,715$0$0$7,198,446
87$9,605,039$0$0$7,802,886
88$10,417,988$0$0$8,464,889
89$11,308,603$0$0$9,190,199
90$12,284,644$0$0$9,985,140
91$13,354,650$0$0$10,856,678
92$14,528,033$0$0$11,812,484
93$15,815,153$0$0$12,861,008
94$17,227,425$0$0$14,011,556
95$18,777,422$0$0$15,274,379
96$20,478,991$0$0$16,660,771
97$22,347,389$0$0$18,183,169
98$24,399,418$0$0$19,855,276
99$26,653,590$0$0$21,692,187
100$29,130,300$0$0$23,710,531