Can I retire at age 45 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$56,732$56,226$55,733$55,252$54,782$53,071
2 years$28,085$27,562$27,055$26,564$26,087$24,378
3 years$18,537$18,012$17,506$17,020$16,551$14,898
4 years$13,764$13,241$12,740$12,262$11,804$10,220
5 years$10,901$10,381$9,887$9,418$8,973$7,462
6 years$8,993$8,477$7,990$7,532$7,100$5,663
7 years$7,631$7,119$6,640$6,192$5,774$4,412
8 years$6,610$6,102$5,631$5,195$4,790$3,501
9 years$5,816$5,313$4,850$4,425$4,034$2,817
10 years$5,181$4,683$4,228$3,814$3,437$2,290
11 years$4,662$4,169$3,723$3,319$2,956$1,877
12 years$4,230$3,742$3,304$2,912$2,562$1,548
13 years$3,864$3,382$2,952$2,570$2,234$1,283
14 years$3,552$3,074$2,652$2,282$1,958$1,068
15 years$3,281$2,808$2,394$2,035$1,724$892
16 years$3,044$2,576$2,171$1,822$1,524$748
17 years$2,835$2,373$1,975$1,637$1,351$628
18 years$2,649$2,192$1,803$1,475$1,201$528
19 years$2,484$2,032$1,651$1,333$1,071$445
20 years$2,335$1,888$1,515$1,207$956$375
21 years$2,200$1,759$1,394$1,096$856$317
22 years$2,078$1,642$1,284$996$767$268
23 years$1,967$1,535$1,186$907$689$227
24 years$1,865$1,439$1,097$828$619$192
25 years$1,771$1,350$1,016$756$557$163
26 years$1,685$1,269$942$691$502$138
27 years$1,605$1,194$875$633$452$117
28 years$1,531$1,125$813$580$408$99
29 years$1,462$1,062$757$531$369$84
30 years$1,398$1,003$705$488$333$71
31 years$1,339$948$657$448$301$60
32 years$1,283$897$613$412$272$51
33 years$1,230$849$573$379$246$44
34 years$1,181$805$535$348$223$37
35 years$1,135$763$500$321$202$31
36 years$1,091$725$468$295$183$27
37 years$1,050$688$438$272$166$23
38 years$1,011$654$410$251$150$19
39 years$974$622$384$231$136$16
40 years$939$592$360$213$124$14
41 years$906$563$338$197$112$12
42 years$875$536$317$182$102$10
43 years$845$511$297$168$92$9
44 years$816$487$279$155$84$7
45 years$789$465$262$143$76$6
46 years$763$443$246$132$69$5
47 years$739$423$231$122$63$4
48 years$715$404$217$113$57$4
49 years$692$386$204$104$52$3
50 years$671$368$192$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $687,000, adding $6,160 every year, while hoping to spend $26,254 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: 84/6/10 Blend
44$687,000$687,000$687,000$687,000
45$763,428$727,017$716,369$825,901
46$813,364$734,707$712,433$875,356
47$867,513$741,893$707,485$925,503
48$926,277$748,525$701,465$979,779
49$990,100$754,545$694,306$1,038,583
50$1,059,467$759,894$685,941$1,102,355
51$1,134,912$764,509$676,301$1,171,580
52$1,217,026$768,322$665,310$1,246,789
53$1,306,456$771,263$652,890$1,328,572
54$1,403,914$773,255$638,962$1,417,573
55$1,510,185$774,216$623,439$1,514,506
56$1,626,133$774,061$606,233$1,620,155
57$1,752,707$772,699$587,250$1,735,385
58$1,890,954$770,032$566,394$1,861,148
59$2,042,026$765,958$543,563$1,998,494
60$2,207,190$760,368$518,650$2,148,578
61$2,387,843$753,145$491,544$2,312,673
62$2,585,521$744,167$462,129$2,492,183
63$2,801,916$733,304$430,283$2,688,655
64$3,038,894$720,418$395,879$2,903,790
65$3,298,505$705,363$358,785$3,139,468
66$3,583,011$687,984$318,863$3,397,755
67$3,894,900$668,117$275,966$3,680,931
68$4,236,914$645,589$229,945$3,991,507
69$4,612,072$620,216$180,642$4,332,252
70$5,023,701$591,804$127,891$4,706,213
71$5,475,464$560,147$71,520$5,116,753
72$5,971,396$525,029$11,351$5,567,574
73$6,515,942$486,220$0$6,062,758
74$7,113,999$443,475$0$6,612,441
75$7,770,961$396,539$0$7,217,600
76$8,492,770$345,141$0$7,882,505
77$9,285,973$288,993$0$8,613,197
78$10,157,780$227,792$0$9,416,334
79$11,116,138$161,218$0$10,299,250
80$12,169,801$88,934$0$11,270,026
81$13,328,410$10,582$0$12,337,568
82$14,602,593$0$0$13,511,686
83$16,004,055$0$0$14,808,093
84$17,545,694$0$0$16,234,952
85$19,241,721$0$0$17,804,717
86$21,107,793$0$0$19,531,883
87$23,161,161$0$0$21,432,420
88$25,420,836$0$0$23,523,922
89$27,907,760$0$0$25,825,777
90$30,645,011$0$0$28,359,348
91$33,658,018$0$0$31,148,172
92$36,974,798$0$0$34,218,185
93$40,626,226$0$0$37,597,966
94$44,646,319$0$0$41,319,005
95$49,072,562$0$0$45,416,000
96$53,946,261$0$0$49,927,187
97$59,312,928$0$0$54,894,695
98$65,222,716$0$0$60,364,949
99$71,730,887$0$0$66,389,105
100$78,898,340$0$0$73,023,534