Can I retire at age 45 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$55,576$55,081$54,598$54,126$53,666$51,948
2 years$27,513$27,000$26,504$26,022$25,555$23,840
3 years$18,160$17,645$17,150$16,673$16,213$14,555
4 years$13,484$12,971$12,481$12,012$11,563$9,975
5 years$10,679$10,169$9,685$9,226$8,790$7,276
6 years$8,810$8,304$7,827$7,378$6,956$5,516
7 years$7,476$6,974$6,504$6,066$5,657$4,292
8 years$6,475$5,978$5,516$5,089$4,693$3,402
9 years$5,697$5,205$4,751$4,334$3,952$2,734
10 years$5,076$4,588$4,142$3,736$3,367$2,219
11 years$4,567$4,084$3,647$3,252$2,896$1,817
12 years$4,144$3,666$3,236$2,852$2,510$1,496
13 years$3,786$3,313$2,891$2,518$2,188$1,239
14 years$3,479$3,011$2,598$2,235$1,918$1,030
15 years$3,214$2,751$2,346$1,993$1,689$859
16 years$2,982$2,524$2,127$1,785$1,493$719
17 years$2,777$2,324$1,935$1,604$1,324$602
18 years$2,596$2,148$1,767$1,445$1,177$506
19 years$2,433$1,991$1,617$1,306$1,049$426
20 years$2,287$1,850$1,484$1,183$937$359
21 years$2,155$1,723$1,365$1,073$838$302
22 years$2,036$1,608$1,258$976$752$255
23 years$1,927$1,504$1,162$889$675$216
24 years$1,827$1,409$1,074$811$606$182
25 years$1,735$1,323$995$740$546$154
26 years$1,651$1,243$923$677$492$130
27 years$1,572$1,170$857$620$443$110
28 years$1,500$1,102$797$568$400$93
29 years$1,433$1,040$741$521$361$79
30 years$1,370$982$691$478$326$67
31 years$1,311$928$644$439$295$57
32 years$1,257$878$601$403$267$48
33 years$1,205$832$561$371$241$41
34 years$1,157$788$524$341$219$35
35 years$1,112$748$490$314$198$29
36 years$1,069$710$458$289$179$25
37 years$1,029$674$429$267$163$21
38 years$990$641$402$246$147$18
39 years$954$609$376$227$134$15
40 years$920$580$353$209$121$13
41 years$888$552$331$193$110$11
42 years$857$525$310$178$100$9
43 years$828$501$291$164$91$8
44 years$800$477$273$152$82$7
45 years$773$455$257$140$75$6
46 years$748$434$241$129$68$5
47 years$723$414$226$120$62$4
48 years$700$396$213$110$56$3
49 years$678$378$200$102$51$3
50 years$657$361$188$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $673,000, adding $2,869 every year, while hoping to spend $40,006 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: 56/21/23 Blend
44$673,000$673,000$673,000$673,000
45$744,605$708,936$698,505$781,498
46$777,989$701,108$679,339$799,239
47$813,437$691,556$658,190$814,084
48$851,118$680,152$634,949$829,405
49$891,215$666,763$609,503$845,259
50$933,931$651,246$581,733$861,711
51$979,486$633,451$551,515$878,835
52$1,028,121$613,218$518,719$896,713
53$1,080,103$590,379$483,209$915,441
54$1,135,720$564,755$444,844$935,125
55$1,195,293$536,156$403,475$955,884
56$1,259,169$504,384$358,948$977,853
57$1,327,732$469,227$311,100$1,001,183
58$1,401,402$430,461$259,764$1,026,046
59$1,480,642$387,850$204,763$1,052,631
60$1,565,957$341,144$145,912$1,081,154
61$1,657,904$290,080$83,020$1,111,853
62$1,757,095$234,379$15,886$1,144,998
63$1,864,202$173,746$0$1,180,888
64$1,979,961$107,870$0$1,233,541
65$2,105,185$36,423$0$1,294,699
66$2,240,764$0$0$1,360,932
67$2,387,679$0$0$1,442,225
68$2,547,008$0$0$1,539,565
69$2,719,935$0$0$1,645,267
70$2,907,765$0$0$1,760,133
71$3,111,931$0$0$1,885,047
72$3,334,011$0$0$2,020,982
73$3,575,739$0$0$2,169,008
74$3,839,027$0$0$2,330,301
75$4,125,974$0$0$2,506,159
76$4,438,893$0$0$2,698,006
77$4,780,331$0$0$2,907,412
78$5,153,089$0$0$3,136,105
79$5,560,250$0$0$3,385,988
80$6,005,211$0$0$3,659,153
81$6,491,708$0$0$3,957,907
82$7,023,859$0$0$4,284,788
83$7,606,193$0$0$4,642,590
84$8,243,702$0$0$5,034,392
85$8,941,880$0$0$5,463,583
86$9,706,777$0$0$5,933,896
87$10,545,057$0$0$6,449,441
88$11,464,061$0$0$7,014,745
89$12,471,869$0$0$7,634,795
90$13,577,387$0$0$8,315,084
91$14,790,419$0$0$9,061,661
92$16,121,766$0$0$9,881,189
93$17,583,327$0$0$10,781,009
94$19,188,206$0$0$11,769,207
95$20,950,842$0$0$12,854,690
96$22,887,138$0$0$14,047,271
97$25,014,615$0$0$15,357,759
98$27,352,573$0$0$16,798,063
99$29,922,277$0$0$18,381,303
100$32,747,153$0$0$20,121,934