Can I retire at age 45 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$55,493$54,999$54,517$54,046$53,586$52,440
2 years$27,472$26,960$26,464$25,984$25,517$24,368
3 years$18,133$17,619$17,124$16,648$16,189$15,073
4 years$13,464$12,952$12,462$11,994$11,546$10,471
5 years$10,663$10,154$9,671$9,212$8,777$7,747
6 years$8,797$8,292$7,816$7,367$6,945$5,960
7 years$7,464$6,963$6,495$6,057$5,648$4,709
8 years$6,465$5,969$5,508$5,081$4,686$3,792
9 years$5,689$5,197$4,744$4,328$3,946$3,098
10 years$5,068$4,581$4,136$3,731$3,362$2,558
11 years$4,560$4,078$3,641$3,247$2,892$2,130
12 years$4,138$3,660$3,232$2,848$2,506$1,786
13 years$3,780$3,308$2,887$2,514$2,185$1,506
14 years$3,474$3,007$2,594$2,232$1,916$1,275
15 years$3,209$2,747$2,342$1,990$1,687$1,084
16 years$2,977$2,520$2,124$1,782$1,491$925
17 years$2,773$2,321$1,932$1,601$1,322$790
18 years$2,592$2,145$1,764$1,443$1,175$677
19 years$2,430$1,988$1,615$1,304$1,047$581
20 years$2,284$1,847$1,482$1,181$936$500
21 years$2,152$1,720$1,363$1,072$837$430
22 years$2,033$1,606$1,256$975$750$371
23 years$1,924$1,502$1,160$888$674$320
24 years$1,824$1,407$1,073$809$606$276
25 years$1,733$1,321$994$739$545$239
26 years$1,648$1,241$922$676$491$206
27 years$1,570$1,168$856$619$442$179
28 years$1,498$1,101$796$567$399$155
29 years$1,431$1,038$740$520$361$134
30 years$1,368$981$690$477$326$116
31 years$1,309$927$643$438$295$100
32 years$1,255$877$600$403$266$87
33 years$1,203$831$560$370$241$75
34 years$1,155$787$523$341$218$65
35 years$1,110$747$489$314$198$57
36 years$1,067$709$458$289$179$49
37 years$1,027$673$428$266$162$43
38 years$989$640$401$245$147$37
39 years$953$608$376$226$133$32
40 years$919$579$352$209$121$28
41 years$886$551$330$192$110$24
42 years$856$525$310$178$100$21
43 years$826$500$291$164$90$18
44 years$798$477$273$151$82$16
45 years$772$454$256$140$75$14
46 years$747$434$241$129$68$12
47 years$722$414$226$119$61$10
48 years$699$395$212$110$56$9
49 years$677$377$200$102$51$8
50 years$656$360$188$94$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $672,000, adding $6,572 every year, while hoping to spend $49,717 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: 46/32/22 Blend
44$672,000$672,000$672,000$672,000
45$747,323$711,707$701,291$776,717
46$770,651$693,682$671,886$779,982
47$794,693$673,108$639,829$778,090
48$819,468$649,806$604,980$775,024
49$844,997$623,590$567,190$770,697
50$871,302$594,261$526,306$765,018
51$898,403$561,608$482,165$757,891
52$926,323$525,409$434,600$749,214
53$955,083$485,430$383,435$738,880
54$984,706$441,421$328,485$726,775
55$1,015,216$393,120$269,559$712,778
56$1,046,635$340,250$206,456$696,764
57$1,078,986$282,517$138,966$678,598
58$1,112,293$219,611$66,872$658,138
59$1,146,580$151,205$0$635,234
60$1,181,871$76,953$0$612,092
61$1,218,189$0$0$603,088
62$1,255,558$0$0$593,625
63$1,294,001$0$0$611,764
64$1,333,543$0$0$630,416
65$1,374,206$0$0$649,593
66$1,416,013$0$0$669,305
67$1,458,986$0$0$689,561
68$1,503,146$0$0$710,371
69$1,548,514$0$0$731,743
70$1,595,108$0$0$753,686
71$1,642,948$0$0$776,207
72$1,692,049$0$0$799,314
73$1,742,426$0$0$823,011
74$1,794,093$0$0$847,303
75$1,847,058$0$0$872,194
76$1,901,329$0$0$897,686
77$1,956,912$0$0$923,778
78$2,013,805$0$0$950,470
79$2,072,007$0$0$977,757
80$2,131,507$0$0$1,005,633
81$2,192,294$0$0$1,034,088
82$2,254,347$0$0$1,063,111
83$2,317,641$0$0$1,092,687
84$2,382,141$0$0$1,122,795
85$2,447,805$0$0$1,153,411
86$2,514,582$0$0$1,184,508
87$2,582,408$0$0$1,216,050
88$2,651,210$0$0$1,247,996
89$2,720,900$0$0$1,280,301
90$2,791,375$0$0$1,312,908
91$2,862,516$0$0$1,345,755
92$2,934,186$0$0$1,378,769
93$3,006,226$0$0$1,411,865
94$3,078,457$0$0$1,444,951
95$3,150,671$0$0$1,477,917
96$3,222,634$0$0$1,510,641
97$3,294,081$0$0$1,542,985
98$3,364,713$0$0$1,574,794
99$3,434,190$0$0$1,605,892
100$3,502,131$0$0$1,636,081