Can I retire at age 45 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$56,567$56,063$55,571$55,091$54,623$54,188
2 years$28,003$27,482$26,976$26,486$26,011$25,572
3 years$18,483$17,960$17,455$16,970$16,502$16,074
4 years$13,724$13,202$12,703$12,226$11,770$11,355
5 years$10,870$10,351$9,858$9,391$8,947$8,547
6 years$8,967$8,452$7,967$7,510$7,080$6,694
7 years$7,609$7,098$6,620$6,174$5,758$5,388
8 years$6,591$6,084$5,615$5,179$4,776$4,422
9 years$5,799$5,298$4,836$4,412$4,022$3,683
10 years$5,166$4,670$4,216$3,803$3,427$3,103
11 years$4,649$4,157$3,712$3,310$2,948$2,638
12 years$4,218$3,731$3,294$2,903$2,554$2,259
13 years$3,853$3,372$2,943$2,563$2,227$1,946
14 years$3,541$3,065$2,644$2,275$1,953$1,685
15 years$3,271$2,800$2,387$2,029$1,719$1,465
16 years$3,035$2,569$2,165$1,817$1,519$1,279
17 years$2,827$2,366$1,970$1,632$1,347$1,119
18 years$2,642$2,186$1,798$1,471$1,198$982
19 years$2,477$2,026$1,646$1,329$1,068$863
20 years$2,328$1,883$1,511$1,204$954$761
21 years$2,194$1,754$1,390$1,093$853$671
22 years$2,072$1,637$1,281$993$765$594
23 years$1,961$1,531$1,182$905$687$525
24 years$1,859$1,434$1,094$825$617$465
25 years$1,766$1,346$1,013$754$555$413
26 years$1,680$1,265$939$689$500$366
27 years$1,600$1,191$872$631$451$325
28 years$1,527$1,122$811$578$407$289
29 years$1,458$1,058$755$530$368$257
30 years$1,394$1,000$703$486$332$229
31 years$1,335$945$655$447$300$204
32 years$1,279$894$611$410$272$182
33 years$1,227$847$571$377$246$162
34 years$1,178$803$533$347$223$144
35 years$1,131$761$499$320$202$129
36 years$1,088$722$467$294$183$115
37 years$1,047$686$437$271$166$102
38 years$1,008$652$409$250$150$91
39 years$971$620$383$231$136$81
40 years$937$590$359$213$123$73
41 years$903$562$337$196$112$65
42 years$872$535$316$181$102$58
43 years$842$510$296$167$92$52
44 years$814$486$278$154$84$46
45 years$787$463$261$143$76$41
46 years$761$442$245$132$69$37
47 years$736$422$230$122$63$33
48 years$713$403$217$112$57$29
49 years$690$384$204$104$52$26
50 years$669$367$191$96$47$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $685,000, adding $3,044 every year, while hoping to spend $25,308 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: 44/35/21 Blend
44$685,000$685,000$685,000$685,000
45$758,010$721,705$711,087$786,632
46$808,399$730,141$707,981$815,564
47$863,080$738,142$703,923$844,194
48$922,464$745,660$698,854$874,708
49$987,002$752,645$692,712$907,295
50$1,057,192$759,040$685,434$942,161
51$1,133,581$764,789$676,952$979,537
52$1,216,772$769,829$667,195$1,019,676
53$1,307,426$774,094$656,089$1,062,858
54$1,406,273$777,514$643,558$1,109,396
55$1,514,116$780,014$629,519$1,159,633
56$1,631,837$781,516$613,889$1,213,950
57$1,760,408$781,935$596,579$1,272,769
58$1,900,902$781,181$577,496$1,336,555
59$2,054,494$779,160$556,543$1,405,824
60$2,222,484$775,770$533,619$1,481,147
61$2,406,299$770,905$508,617$1,563,153
62$2,607,513$764,451$481,427$1,652,540
63$2,827,858$756,287$451,933$1,750,079
64$3,069,240$746,286$420,014$1,856,620
65$3,333,762$734,313$385,543$1,973,106
66$3,623,735$720,224$348,388$2,100,577
67$3,941,708$703,867$308,411$2,240,183
68$4,290,488$685,082$265,469$2,393,195
69$4,673,165$663,698$219,409$2,561,016
70$5,093,144$639,536$170,076$2,745,197
71$5,554,176$612,404$117,304$2,947,450
72$6,060,391$582,101$60,923$3,169,668
73$6,616,340$548,413$753$3,413,941
74$7,227,036$511,115$0$3,682,575
75$7,898,002$469,968$0$3,992,337
76$8,635,321$424,719$0$4,332,927
77$9,445,696$375,103$0$4,707,327
78$10,336,511$320,837$0$5,119,014
79$11,315,901$261,624$0$5,571,821
80$12,392,828$197,149$0$6,069,980
81$13,577,167$127,079$0$6,618,156
82$14,879,797$51,065$0$7,221,495
83$16,312,705$0$0$7,885,673
84$17,889,097$0$0$8,628,990
85$19,623,525$0$0$9,468,560
86$21,532,021$0$0$10,392,487
87$23,632,251$0$0$11,409,336
88$25,943,679$0$0$12,528,543
89$28,487,753$0$0$13,760,506
90$31,288,103$0$0$15,116,681
91$34,370,769$0$0$16,609,694
92$37,764,442$0$0$18,253,454
93$41,500,737$0$0$20,063,290
94$45,614,491$0$0$22,056,089
95$50,144,089$0$0$24,250,464
96$55,131,828$0$0$26,666,923
97$60,624,318$0$0$29,328,061
98$66,672,917$0$0$32,258,781
99$73,334,218$0$0$35,486,520
100$80,670,582$0$0$39,041,516