Can I retire at age 45 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$55,989$55,490$55,003$54,528$54,065$51,899
2 years$27,717$27,201$26,701$26,216$25,745$23,591
3 years$18,295$17,776$17,277$16,797$16,334$14,258
4 years$13,584$13,067$12,573$12,101$11,649$9,668
5 years$10,759$10,245$9,757$9,295$8,856$6,974
6 years$8,876$8,366$7,885$7,433$7,007$5,227
7 years$7,531$7,026$6,553$6,111$5,699$4,018
8 years$6,523$6,022$5,557$5,126$4,728$3,146
9 years$5,740$5,243$4,787$4,367$3,981$2,495
10 years$5,113$4,622$4,173$3,764$3,392$1,999
11 years$4,601$4,115$3,674$3,276$2,917$1,614
12 years$4,174$3,693$3,260$2,873$2,528$1,311
13 years$3,814$3,337$2,913$2,537$2,205$1,070
14 years$3,505$3,034$2,617$2,252$1,933$877
15 years$3,238$2,771$2,363$2,008$1,702$720
16 years$3,004$2,543$2,142$1,798$1,504$594
17 years$2,798$2,342$1,950$1,616$1,333$490
18 years$2,615$2,164$1,780$1,456$1,186$405
19 years$2,451$2,005$1,629$1,316$1,057$335
20 years$2,304$1,863$1,495$1,192$944$278
21 years$2,172$1,736$1,375$1,081$845$231
22 years$2,051$1,620$1,268$983$757$191
23 years$1,941$1,515$1,170$895$680$159
24 years$1,840$1,420$1,082$817$611$132
25 years$1,748$1,332$1,003$746$550$110
26 years$1,663$1,252$930$682$495$91
27 years$1,584$1,179$863$624$446$76
28 years$1,511$1,111$803$572$403$63
29 years$1,443$1,048$747$524$364$53
30 years$1,380$989$696$481$329$44
31 years$1,321$935$649$442$297$37
32 years$1,266$885$605$406$269$30
33 years$1,214$838$565$374$243$25
34 years$1,166$794$528$344$220$21
35 years$1,120$753$494$316$199$18
36 years$1,077$715$462$291$181$15
37 years$1,036$679$432$269$164$12
38 years$998$645$405$248$149$10
39 years$961$614$379$228$135$8
40 years$927$584$355$210$122$7
41 years$894$556$333$194$111$6
42 years$863$529$313$179$101$5
43 years$834$504$293$165$91$4
44 years$806$481$275$153$83$3
45 years$779$458$259$141$75$3
46 years$753$437$243$130$68$2
47 years$729$417$228$120$62$2
48 years$706$398$214$111$56$2
49 years$683$381$202$103$51$1
50 years$662$363$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $678,000, adding $3,730 every year, while hoping to spend $41,535 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: 47/41/12 Blend
44$678,000$678,000$678,000$678,000
45$751,003$715,069$704,560$783,621
46$783,413$705,915$683,970$797,378
47$817,736$694,920$661,298$807,715
48$854,124$681,950$636,431$818,003
49$892,743$666,863$609,249$828,252
50$933,773$649,510$579,629$838,476
51$977,412$629,730$547,441$848,693
52$1,023,876$607,355$512,549$858,926
53$1,073,403$582,208$474,811$869,202
54$1,126,253$554,098$434,079$879,559
55$1,182,709$522,827$390,199$890,036
56$1,243,083$488,183$343,009$900,687
57$1,307,717$449,944$292,339$911,569
58$1,376,985$407,872$238,014$922,756
59$1,451,299$361,720$179,849$934,328
60$1,531,110$311,222$117,652$946,384
61$1,616,913$256,102$51,223$959,034
62$1,709,251$196,064$0$972,407
63$1,808,721$130,797$0$989,172
64$1,915,978$59,974$0$1,014,142
65$2,031,743$0$0$1,040,975
66$2,156,806$0$0$1,077,483
67$2,292,037$0$0$1,146,277
68$2,438,392$0$0$1,220,793
69$2,596,920$0$0$1,301,573
70$2,768,778$0$0$1,389,216
71$2,955,235$0$0$1,484,377
72$3,157,688$0$0$1,587,778
73$3,377,673$0$0$1,700,214
74$3,616,880$0$0$1,822,559
75$3,877,169$0$0$1,955,774
76$4,160,586$0$0$2,100,917
77$4,469,381$0$0$2,259,153
78$4,806,033$0$0$2,431,763
79$5,173,268$0$0$2,620,158
80$5,574,086$0$0$2,825,891
81$6,011,792$0$0$3,050,670
82$6,490,023$0$0$3,296,378
83$7,012,781$0$0$3,565,085
84$7,584,475$0$0$3,859,075
85$8,209,958$0$0$4,180,857
86$8,894,574$0$0$4,533,197
87$9,644,208$0$0$4,919,142
88$10,465,340$0$0$5,342,046
89$11,365,106$0$0$5,805,602
90$12,351,366$0$0$6,313,879
91$13,432,775$0$0$6,871,357
92$14,618,867$0$0$7,482,973
93$15,920,144$0$0$8,154,161
94$17,348,170$0$0$8,890,910
95$18,915,686$0$0$9,699,816
96$20,636,726$0$0$10,588,144
97$22,526,749$0$0$11,563,898
98$24,602,784$0$0$12,635,896
99$26,883,591$0$0$13,813,851
100$29,389,837$0$0$15,108,464