Can I retire at age 45 with 688,000?

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 $688,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$56,814$56,308$55,815$55,333$54,862$53,449
2 years$28,126$27,602$27,094$26,602$26,125$24,711
3 years$18,564$18,038$17,532$17,044$16,575$15,204
4 years$13,785$13,260$12,759$12,279$11,821$10,504
5 years$10,917$10,396$9,901$9,432$8,986$7,726
6 years$9,007$8,489$8,002$7,543$7,111$5,909
7 years$7,642$7,129$6,649$6,201$5,783$4,640
8 years$6,619$6,111$5,639$5,202$4,797$3,712
9 years$5,824$5,321$4,857$4,431$4,040$3,012
10 years$5,189$4,690$4,235$3,820$3,442$2,470
11 years$4,669$4,175$3,728$3,324$2,961$2,043
12 years$4,236$3,747$3,309$2,916$2,566$1,701
13 years$3,870$3,387$2,956$2,574$2,237$1,423
14 years$3,557$3,078$2,656$2,285$1,961$1,196
15 years$3,285$2,812$2,398$2,038$1,727$1,009
16 years$3,048$2,580$2,174$1,825$1,526$854
17 years$2,839$2,376$1,978$1,639$1,353$724
18 years$2,653$2,196$1,806$1,477$1,203$616
19 years$2,487$2,035$1,653$1,335$1,072$524
20 years$2,338$1,891$1,517$1,209$958$447
21 years$2,204$1,761$1,396$1,097$857$382
22 years$2,081$1,644$1,286$998$768$326
23 years$1,970$1,538$1,188$909$690$279
24 years$1,868$1,441$1,098$829$620$239
25 years$1,774$1,352$1,017$757$558$205
26 years$1,687$1,271$944$692$502$175
27 years$1,607$1,196$876$633$453$150
28 years$1,533$1,127$814$580$409$129
29 years$1,465$1,063$758$532$369$111
30 years$1,400$1,004$706$488$334$95
31 years$1,341$949$658$449$302$82
32 years$1,285$898$614$412$273$70
33 years$1,232$850$573$379$247$60
34 years$1,183$806$536$349$223$52
35 years$1,136$765$501$321$202$44
36 years$1,093$726$469$296$183$38
37 years$1,051$689$439$272$166$33
38 years$1,012$655$411$251$151$28
39 years$976$623$385$232$137$24
40 years$941$593$361$214$124$21
41 years$907$564$338$197$112$18
42 years$876$537$317$182$102$15
43 years$846$512$298$168$93$13
44 years$817$488$279$155$84$11
45 years$790$465$262$143$76$10
46 years$764$444$246$132$69$8
47 years$740$424$232$122$63$7
48 years$716$404$218$113$57$6
49 years$693$386$204$104$52$5
50 years$672$369$192$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $688,000, adding $2,528 every year, while hoping to spend $24,087 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: 56/17/27 Blend
44$688,000$688,000$688,000$688,000
45$760,784$724,320$713,656$797,610
46$812,755$734,183$711,935$833,065
47$869,221$743,722$709,349$868,951
48$930,613$752,896$705,844$907,557
49$997,408$761,661$701,362$949,154
50$1,070,130$769,969$695,844$994,040
51$1,149,356$777,770$689,228$1,042,545
52$1,235,720$785,011$681,447$1,095,033
53$1,329,921$791,634$672,433$1,151,904
54$1,432,728$797,578$662,114$1,213,604
55$1,544,986$802,780$650,415$1,280,620
56$1,667,627$807,169$637,256$1,353,495
57$1,801,677$810,672$622,556$1,432,825
58$1,948,265$813,211$606,228$1,519,268
59$2,108,633$814,703$588,182$1,613,552
60$2,284,150$815,061$568,323$1,716,479
61$2,476,324$814,189$546,553$1,828,936
62$2,686,814$811,990$522,767$1,951,900
63$2,917,449$808,357$496,859$2,086,451
64$3,170,240$803,177$468,715$2,233,778
65$3,447,405$796,334$438,218$2,395,197
66$3,751,385$787,699$405,243$2,572,157
67$4,084,871$777,141$369,663$2,766,258
68$4,450,823$764,516$331,343$2,979,265
69$4,852,506$749,676$290,141$3,213,127
70$5,293,513$732,461$245,912$3,469,992
71$5,777,803$712,704$198,502$3,752,230
72$6,309,737$690,225$147,750$4,062,458
73$6,894,121$664,837$93,491$4,403,559
74$7,536,247$636,339$35,548$4,778,716
75$8,241,946$604,522$0$5,191,439
76$9,017,641$569,160$0$5,653,173
77$9,870,411$530,019$0$6,172,036
78$10,808,052$486,849$0$6,742,542
79$11,839,154$439,386$0$7,369,946
80$12,973,182$387,350$0$8,060,038
81$14,220,564$330,447$0$8,819,201
82$15,592,788$268,366$0$9,654,468
83$17,102,514$200,777$0$10,573,593
84$18,763,688$127,333$0$11,585,119
85$20,591,678$47,667$0$12,698,465
86$22,603,418$0$0$13,924,011
87$24,817,564$0$0$15,280,419
88$27,254,673$0$0$16,783,305
89$29,937,398$0$0$18,437,731
90$32,890,697$0$0$20,259,098
91$36,142,073$0$0$22,264,378
92$39,721,830$0$0$24,472,269
93$43,663,360$0$0$26,903,379
94$48,003,457$0$0$29,580,412
95$52,782,668$0$0$32,528,388
96$58,045,667$0$0$35,774,878
97$63,841,687$0$0$39,350,260
98$70,224,975$0$0$43,288,012
99$77,255,308$0$0$47,625,020
100$84,998,557$0$0$52,401,935