Can I retire at age 45 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$56,071$55,572$55,084$54,609$54,144$53,182
2 years$27,758$27,241$26,740$26,254$25,783$24,817
3 years$18,322$17,802$17,303$16,821$16,358$15,417
4 years$13,604$13,087$12,592$12,119$11,667$10,760
5 years$10,775$10,260$9,772$9,308$8,869$7,998
6 years$8,889$8,378$7,897$7,444$7,018$6,184
7 years$7,542$7,036$6,562$6,120$5,707$4,910
8 years$6,533$6,031$5,566$5,134$4,735$3,975
9 years$5,748$5,251$4,794$4,373$3,987$3,264
10 years$5,121$4,629$4,179$3,770$3,397$2,710
11 years$4,608$4,121$3,679$3,281$2,922$2,270
12 years$4,181$3,698$3,265$2,878$2,532$1,915
13 years$3,819$3,342$2,917$2,541$2,208$1,624
14 years$3,510$3,038$2,621$2,255$1,935$1,384
15 years$3,242$2,775$2,367$2,011$1,704$1,184
16 years$3,008$2,546$2,146$1,801$1,506$1,016
17 years$2,802$2,345$1,952$1,618$1,335$874
18 years$2,619$2,167$1,782$1,458$1,187$754
19 years$2,455$2,008$1,632$1,318$1,058$652
20 years$2,308$1,866$1,497$1,193$945$564
21 years$2,175$1,738$1,377$1,083$846$489
22 years$2,054$1,623$1,269$985$758$424
23 years$1,944$1,518$1,172$897$681$369
24 years$1,843$1,422$1,084$818$612$321
25 years$1,751$1,334$1,004$747$551$279
26 years$1,665$1,254$931$683$496$243
27 years$1,586$1,180$865$625$447$212
28 years$1,513$1,112$804$573$403$185
29 years$1,445$1,049$748$525$364$161
30 years$1,382$991$697$482$329$140
31 years$1,323$937$650$443$298$123
32 years$1,268$886$606$407$269$107
33 years$1,216$839$566$374$244$94
34 years$1,167$795$529$344$221$82
35 years$1,122$755$494$317$200$71
36 years$1,078$716$462$292$181$62
37 years$1,038$680$433$269$164$55
38 years$999$646$405$248$149$48
39 years$963$615$380$229$135$42
40 years$928$585$356$211$122$36
41 years$896$557$334$194$111$32
42 years$864$530$313$179$101$28
43 years$835$505$294$166$91$24
44 years$807$482$276$153$83$21
45 years$780$459$259$141$75$19
46 years$754$438$243$131$68$16
47 years$730$418$228$121$62$14
48 years$707$399$215$111$56$12
49 years$684$381$202$103$51$11
50 years$663$364$190$95$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $679,000, adding $6,583 every year, while hoping to spend $54,685 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: 31/50/19 Blend
44$679,000$679,000$679,000$679,000
45$755,048$719,061$708,537$773,795
46$773,879$696,111$674,088$765,486
47$792,797$670,203$636,653$751,124
48$811,755$641,135$596,073$734,503
49$830,696$608,693$552,184$715,462
50$849,558$572,650$504,813$693,824
51$868,268$532,765$453,780$669,405
52$886,747$488,786$398,897$642,007
53$904,903$440,445$339,968$611,421
54$922,634$387,457$276,787$577,422
55$939,824$329,524$209,141$539,772
56$956,345$266,330$136,806$498,218
57$972,052$197,539$59,549$452,489
58$986,782$122,800$0$402,296
59$1,000,357$41,740$0$351,976
60$1,012,572$0$0$309,744
61$1,023,205$0$0$288,548
62$1,032,003$0$0$289,633
63$1,038,689$0$0$289,935
64$1,042,951$0$0$289,346
65$1,044,445$0$0$287,748
66$1,042,787$0$0$285,006
67$1,037,552$0$0$280,974
68$1,028,268$0$0$275,488
69$1,014,411$0$0$268,367
70$995,400$0$0$259,410
71$970,592$0$0$248,395
72$939,274$0$0$235,075
73$900,656$0$0$219,180
74$853,865$0$0$200,408
75$797,933$0$0$178,425
76$731,791$0$0$152,863
77$654,256$0$0$123,316
78$564,018$0$0$89,333
79$459,631$0$0$50,416
80$339,496$0$0$6,018
81$201,847$0$0$0
82$44,731$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0