Can I retire at age 45 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$55,823$55,326$54,841$54,368$53,905$53,144
2 years$27,635$27,121$26,622$26,138$25,669$24,903
3 years$18,241$17,724$17,226$16,747$16,286$15,539
4 years$13,544$13,029$12,536$12,065$11,615$10,894
5 years$10,727$10,215$9,729$9,267$8,830$8,136
6 years$8,849$8,341$7,862$7,411$6,987$6,321
7 years$7,509$7,005$6,533$6,093$5,682$5,045
8 years$6,504$6,004$5,541$5,111$4,714$4,105
9 years$5,723$5,228$4,772$4,354$3,970$3,389
10 years$5,098$4,608$4,161$3,753$3,382$2,830
11 years$4,587$4,102$3,663$3,266$2,909$2,383
12 years$4,162$3,682$3,251$2,865$2,521$2,022
13 years$3,803$3,328$2,904$2,529$2,198$1,725
14 years$3,495$3,025$2,610$2,245$1,927$1,479
15 years$3,228$2,763$2,356$2,002$1,697$1,273
16 years$2,995$2,535$2,136$1,793$1,499$1,099
17 years$2,789$2,335$1,944$1,611$1,330$952
18 years$2,607$2,157$1,774$1,452$1,182$826
19 years$2,444$1,999$1,624$1,312$1,054$719
20 years$2,298$1,858$1,491$1,188$941$626
21 years$2,165$1,731$1,371$1,078$842$547
22 years$2,045$1,615$1,264$980$755$478
23 years$1,935$1,511$1,167$893$678$418
24 years$1,835$1,416$1,079$814$609$366
25 years$1,743$1,328$1,000$744$548$321
26 years$1,658$1,249$927$680$494$281
27 years$1,579$1,175$861$622$445$247
28 years$1,507$1,107$800$570$402$217
29 years$1,439$1,045$745$523$363$191
30 years$1,376$986$694$480$328$168
31 years$1,317$933$647$441$296$147
32 years$1,262$882$603$405$268$130
33 years$1,211$836$563$373$243$114
34 years$1,162$792$526$343$220$100
35 years$1,117$751$492$316$199$88
36 years$1,074$713$460$291$180$78
37 years$1,033$677$431$268$163$69
38 years$995$644$404$247$148$60
39 years$959$612$378$228$134$53
40 years$924$582$354$210$122$47
41 years$892$554$332$194$110$41
42 years$861$528$312$179$100$36
43 years$831$503$292$165$91$32
44 years$803$479$275$152$83$28
45 years$776$457$258$141$75$25
46 years$751$436$242$130$68$22
47 years$727$416$227$120$62$19
48 years$703$397$214$111$56$17
49 years$681$379$201$103$51$15
50 years$660$362$189$95$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $676,000, adding $2,209 every year, while hoping to spend $25,015 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: 28/45/27 Blend
44$676,000$676,000$676,000$676,000
45$747,231$711,403$700,925$761,837
46$796,832$719,646$697,790$781,882
47$850,655$727,454$693,712$801,087
48$909,103$734,780$688,632$821,215
49$972,620$741,574$682,490$842,360
50$1,041,697$747,779$675,222$864,630
51$1,116,869$753,340$666,762$888,146
52$1,198,731$758,195$657,039$913,042
53$1,287,932$762,277$645,981$939,468
54$1,385,190$765,518$633,510$967,590
55$1,491,294$767,843$619,548$997,595
56$1,607,112$769,173$604,009$1,029,690
57$1,733,601$769,426$586,806$1,064,106
58$1,871,812$768,512$567,848$1,101,101
59$2,022,904$766,336$547,038$1,140,961
60$2,188,153$762,799$524,277$1,184,004
61$2,368,963$757,795$499,458$1,230,584
62$2,566,881$751,210$472,473$1,281,095
63$2,783,609$742,925$443,208$1,335,973
64$3,021,023$732,815$411,541$1,395,705
65$3,281,188$720,743$377,348$1,460,829
66$3,566,378$706,569$340,499$1,531,944
67$3,879,099$690,141$300,856$1,609,714
68$4,222,110$671,300$258,277$1,694,874
69$4,598,448$649,878$212,612$1,788,241
70$5,011,463$625,694$163,707$1,890,720
71$5,464,840$598,561$111,399$2,003,315
72$5,962,640$568,278$55,519$2,127,136
73$6,509,339$534,633$0$2,263,416
74$7,109,864$497,402$0$2,414,703
75$7,769,645$456,350$0$2,598,468
76$8,494,662$411,224$0$2,800,426
77$9,291,506$361,762$0$3,022,485
78$10,167,435$307,684$0$3,266,752
79$11,130,446$248,693$0$3,535,557
80$12,189,352$184,479$0$3,831,468
81$13,353,859$114,712$0$4,157,327
82$14,634,664$39,044$0$4,516,269
83$16,043,550$0$0$4,911,755
84$17,593,501$0$0$5,368,848
85$19,298,823$0$0$5,893,158
86$21,175,277$0$0$6,470,213
87$23,240,231$0$0$7,105,371
88$25,512,821$0$0$7,804,534
89$28,014,130$0$0$8,574,205
90$30,767,391$0$0$9,421,552
91$33,798,202$0$0$10,354,470
92$37,134,772$0$0$11,381,661
93$40,808,180$0$0$12,512,714
94$44,852,674$0$0$13,758,193
95$49,305,992$0$0$15,129,739
96$54,209,716$0$0$16,640,183
97$59,609,666$0$0$18,303,658
98$65,556,334$0$0$20,135,743
99$72,105,357$0$0$22,153,601
100$79,318,041$0$0$24,376,148