Can I retire at age 45 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$55,741$55,244$54,760$54,287$53,825$52,825
2 years$27,594$27,081$26,582$26,100$25,631$24,627
3 years$18,214$17,697$17,201$16,722$16,261$15,285
4 years$13,524$13,009$12,518$12,047$11,598$10,656
5 years$10,711$10,200$9,714$9,254$8,816$7,913
6 years$8,836$8,329$7,851$7,400$6,976$6,111
7 years$7,498$6,994$6,524$6,084$5,673$4,848
8 years$6,494$5,996$5,533$5,104$4,707$3,920
9 years$5,714$5,220$4,765$4,347$3,964$3,215
10 years$5,091$4,601$4,155$3,747$3,377$2,666
11 years$4,581$4,096$3,658$3,261$2,905$2,230
12 years$4,156$3,677$3,246$2,861$2,517$1,878
13 years$3,797$3,323$2,900$2,526$2,195$1,591
14 years$3,489$3,020$2,606$2,242$1,924$1,354
15 years$3,223$2,759$2,353$1,999$1,694$1,157
16 years$2,991$2,531$2,133$1,790$1,497$991
17 years$2,785$2,331$1,941$1,608$1,328$852
18 years$2,603$2,154$1,772$1,450$1,180$734
19 years$2,440$1,996$1,622$1,310$1,052$633
20 years$2,294$1,855$1,489$1,186$940$547
21 years$2,162$1,728$1,369$1,077$841$474
22 years$2,042$1,613$1,262$979$754$410
23 years$1,932$1,509$1,165$892$677$356
24 years$1,832$1,414$1,078$813$608$309
25 years$1,740$1,327$998$743$547$269
26 years$1,655$1,247$926$679$493$234
27 years$1,577$1,173$860$621$444$203
28 years$1,504$1,106$799$569$401$177
29 years$1,437$1,043$744$522$362$154
30 years$1,374$985$693$479$327$134
31 years$1,315$931$646$440$296$117
32 years$1,260$881$602$404$268$102
33 years$1,209$834$563$372$242$89
34 years$1,160$791$526$342$219$77
35 years$1,115$750$491$315$199$68
36 years$1,072$712$460$290$180$59
37 years$1,032$676$430$267$163$51
38 years$993$643$403$246$148$45
39 years$957$611$378$227$134$39
40 years$923$581$354$210$122$34
41 years$890$553$332$193$110$30
42 years$859$527$311$178$100$26
43 years$830$502$292$165$91$23
44 years$802$479$274$152$82$20
45 years$775$456$257$140$75$17
46 years$750$435$242$130$68$15
47 years$726$416$227$120$62$13
48 years$702$397$213$111$56$12
49 years$680$379$201$102$51$10
50 years$659$362$189$95$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $675,000, adding $4,983 every year, while hoping to spend $21,358 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: 61/19/20 Blend
44$675,000$675,000$675,000$675,000
45$748,990$713,215$702,752$790,494
46$802,662$725,438$703,570$831,358
47$861,093$737,544$703,699$873,132
48$924,746$749,504$703,094$918,237
49$994,129$761,289$701,707$967,000
50$1,069,804$772,866$699,488$1,019,780
51$1,152,388$784,200$696,384$1,076,975
52$1,242,559$795,254$692,341$1,139,023
53$1,341,065$805,986$687,299$1,206,405
54$1,448,729$816,355$681,200$1,279,655
55$1,566,458$826,315$673,978$1,359,359
56$1,695,249$835,817$665,569$1,446,164
57$1,836,201$844,808$655,901$1,540,785
58$1,990,522$853,233$644,903$1,644,007
59$2,159,546$861,032$632,498$1,756,700
60$2,344,739$868,142$618,606$1,879,820
61$2,547,717$874,495$603,144$2,014,422
62$2,770,258$880,019$586,023$2,161,671
63$3,014,323$884,639$567,154$2,322,848
64$3,282,070$888,272$546,439$2,499,370
65$3,575,876$890,832$523,780$2,692,797
66$3,898,360$892,228$499,071$2,904,849
67$4,252,406$892,360$472,203$3,137,423
68$4,641,192$891,126$443,062$3,392,610
69$5,068,217$888,416$411,529$3,672,718
70$5,537,339$884,111$377,479$3,980,289
71$6,052,804$878,089$340,781$4,318,127
72$6,619,292$870,218$301,299$4,689,324
73$7,241,959$860,358$258,892$5,097,287
74$7,926,484$848,360$213,410$5,545,776
75$8,679,124$834,069$164,698$6,038,932
76$9,506,775$817,318$112,595$6,581,325
77$10,417,030$797,931$56,932$7,177,989
78$11,418,260$775,722$0$7,834,478
79$12,519,683$750,494$0$8,557,438
80$13,731,460$722,037$0$9,366,091
81$15,064,784$690,132$0$10,255,755
82$16,531,987$654,543$0$11,234,672
83$18,146,658$615,024$0$12,311,929
84$19,923,770$571,314$0$13,497,538
85$21,879,822$523,136$0$14,802,534
86$24,032,992$470,197$0$16,239,079
87$26,403,310$412,190$0$17,820,575
88$29,012,848$348,787$0$19,561,793
89$31,885,925$279,644$0$21,479,014
90$35,049,339$204,397$0$23,590,178
91$38,532,620$122,660$0$25,915,058
92$42,368,305$34,029$0$28,475,446
93$46,592,249$0$0$31,295,357
94$51,243,960$0$0$34,414,208
95$56,366,974$0$0$37,856,961
96$62,009,263$0$0$41,648,748
97$68,223,691$0$0$45,825,104
98$75,068,509$0$0$50,425,186
99$82,607,907$0$0$55,492,144
100$90,912,620$0$0$61,073,524