Can I retire at age 45 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$56,154$55,654$55,166$54,689$54,224$52,956
2 years$27,799$27,281$26,779$26,293$25,821$24,551
3 years$18,349$17,829$17,328$16,846$16,382$15,149
4 years$13,624$13,106$12,610$12,137$11,684$10,498
5 years$10,790$10,275$9,786$9,322$8,882$7,746
6 years$8,902$8,390$7,909$7,455$7,028$5,944
7 years$7,553$7,046$6,572$6,129$5,716$4,683
8 years$6,542$6,040$5,574$5,142$4,742$3,760
9 years$5,757$5,259$4,801$4,379$3,993$3,062
10 years$5,128$4,635$4,185$3,775$3,402$2,520
11 years$4,615$4,127$3,685$3,286$2,926$2,092
12 years$4,187$3,704$3,270$2,882$2,536$1,749
13 years$3,825$3,347$2,922$2,544$2,211$1,469
14 years$3,515$3,043$2,625$2,258$1,938$1,240
15 years$3,247$2,779$2,370$2,014$1,707$1,051
16 years$3,013$2,550$2,149$1,803$1,508$893
17 years$2,806$2,348$1,955$1,620$1,337$761
18 years$2,622$2,170$1,785$1,460$1,189$649
19 years$2,459$2,011$1,634$1,320$1,060$555
20 years$2,311$1,869$1,500$1,195$947$476
21 years$2,178$1,741$1,379$1,085$847$408
22 years$2,057$1,625$1,271$986$759$350
23 years$1,947$1,520$1,174$898$682$301
24 years$1,846$1,424$1,086$819$613$259
25 years$1,753$1,336$1,005$748$551$223
26 years$1,668$1,256$933$684$497$192
27 years$1,589$1,182$866$626$448$165
28 years$1,516$1,114$805$574$404$143
29 years$1,448$1,051$749$526$365$123
30 years$1,384$992$698$483$330$106
31 years$1,325$938$651$443$298$91
32 years$1,270$888$607$407$270$79
33 years$1,218$841$567$375$244$68
34 years$1,169$797$530$345$221$59
35 years$1,123$756$495$317$200$51
36 years$1,080$717$463$292$181$44
37 years$1,039$681$433$269$164$38
38 years$1,001$647$406$248$149$33
39 years$964$616$380$229$135$28
40 years$930$586$356$211$123$24
41 years$897$558$334$195$111$21
42 years$866$531$314$180$101$18
43 years$836$506$294$166$92$16
44 years$808$482$276$153$83$14
45 years$781$460$259$141$75$12
46 years$755$439$244$131$68$10
47 years$731$419$229$121$62$9
48 years$708$400$215$112$56$8
49 years$685$382$202$103$51$7
50 years$664$365$190$95$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $680,000, adding $2,766 every year, while hoping to spend $25,797 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: 76/12/12 Blend
44$680,000$680,000$680,000$680,000
45$752,213$716,173$705,633$807,409
46$801,491$723,818$701,824$851,819
47$854,931$730,972$697,023$896,956
48$912,929$737,586$691,169$945,716
49$975,924$743,603$684,199$998,448
50$1,044,395$748,967$676,046$1,055,541
51$1,118,872$753,614$666,642$1,117,421
52$1,199,935$757,480$655,913$1,184,558
53$1,288,225$760,493$643,783$1,257,469
54$1,384,447$762,580$630,172$1,336,725
55$1,489,375$763,662$614,998$1,422,955
56$1,603,863$763,653$598,172$1,516,854
57$1,728,850$762,464$579,604$1,619,183
58$1,865,369$760,002$559,197$1,730,786
59$2,014,559$756,164$536,852$1,852,591
60$2,177,673$750,844$512,465$1,985,621
61$2,356,089$743,929$485,926$2,131,003
62$2,551,326$735,298$457,121$2,289,980
63$2,765,058$724,824$425,931$2,463,922
64$2,999,126$712,373$392,232$2,654,339
65$3,255,558$697,800$355,892$2,862,897
66$3,536,587$680,954$316,777$3,091,429
67$3,844,673$661,675$274,743$3,341,958
68$4,182,526$639,793$229,643$3,616,714
69$4,553,129$615,129$181,322$3,918,153
70$4,959,769$587,491$129,617$4,248,985
71$5,406,067$556,679$74,361$4,612,196
72$5,896,009$522,480$15,375$5,011,077
73$6,433,989$484,669$0$5,449,255
74$7,024,846$443,008$0$5,936,821
75$7,673,910$397,244$0$6,474,588
76$8,387,052$347,113$0$7,065,471
77$9,170,743$292,333$0$7,714,852
78$10,032,109$232,608$0$8,428,663
79$10,979,002$167,624$0$9,213,439
80$12,020,072$97,049$0$10,076,384
81$13,164,850$20,534$0$11,025,435
82$14,423,834$0$0$12,069,340
83$15,808,595$0$0$13,225,964
84$17,331,877$0$0$14,501,301
85$19,007,724$0$0$15,904,400
86$20,851,609$0$0$17,448,220
87$22,880,582$0$0$19,147,039
88$25,113,426$0$0$21,016,590
89$27,570,839$0$0$23,074,206
90$30,275,627$0$0$25,338,987
91$33,252,920$0$0$27,831,979
92$36,530,406$0$0$30,576,372
93$40,138,594$0$0$33,597,717
94$44,111,104$0$0$36,924,170
95$48,484,978$0$0$40,586,754
96$53,301,035$0$0$44,619,656
97$58,604,254$0$0$49,060,546
98$64,444,196$0$0$53,950,931
99$70,875,475$0$0$59,336,551
100$77,958,271$0$0$65,267,807