Can I retire at age 45 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$57,062$56,554$56,058$55,574$55,101$53,660
2 years$28,249$27,722$27,213$26,718$26,239$24,797
3 years$18,645$18,117$17,608$17,119$16,647$15,249
4 years$13,845$13,318$12,814$12,333$11,873$10,530
5 years$10,965$10,441$9,944$9,473$9,025$7,741
6 years$9,046$8,526$8,037$7,576$7,142$5,917
7 years$7,676$7,160$6,678$6,228$5,808$4,644
8 years$6,648$6,138$5,664$5,225$4,818$3,713
9 years$5,850$5,344$4,878$4,450$4,058$3,011
10 years$5,211$4,710$4,253$3,836$3,457$2,468
11 years$4,689$4,193$3,744$3,339$2,973$2,040
12 years$4,255$3,764$3,323$2,928$2,577$1,697
13 years$3,887$3,401$2,969$2,585$2,247$1,419
14 years$3,572$3,092$2,668$2,295$1,970$1,192
15 years$3,300$2,824$2,408$2,047$1,734$1,005
16 years$3,061$2,591$2,184$1,833$1,533$850
17 years$2,851$2,386$1,987$1,647$1,359$720
18 years$2,665$2,205$1,814$1,484$1,208$612
19 years$2,498$2,044$1,660$1,341$1,077$520
20 years$2,348$1,899$1,524$1,214$962$443
21 years$2,213$1,769$1,402$1,102$861$378
22 years$2,090$1,651$1,292$1,002$772$323
23 years$1,978$1,544$1,193$913$693$276
24 years$1,876$1,447$1,103$832$623$236
25 years$1,782$1,358$1,022$760$560$202
26 years$1,695$1,276$948$695$505$173
27 years$1,614$1,201$880$636$455$148
28 years$1,540$1,132$818$583$411$127
29 years$1,471$1,068$761$535$371$109
30 years$1,407$1,008$709$491$335$93
31 years$1,346$953$661$451$303$80
32 years$1,290$902$617$414$274$69
33 years$1,237$854$576$381$248$59
34 years$1,188$810$538$350$224$51
35 years$1,141$768$503$323$203$43
36 years$1,097$729$471$297$184$37
37 years$1,056$692$440$274$167$32
38 years$1,017$658$412$252$151$28
39 years$980$626$386$233$137$24
40 years$945$595$362$215$124$20
41 years$911$567$340$198$113$17
42 years$880$540$319$183$102$15
43 years$850$514$299$169$93$13
44 years$821$490$281$156$84$11
45 years$794$467$264$144$77$9
46 years$768$446$247$133$70$8
47 years$743$425$233$123$63$7
48 years$719$406$218$113$57$6
49 years$696$388$205$105$52$5
50 years$675$370$193$97$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $691,000, adding $2,041 every year, while hoping to spend $51,516 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: 53/29/18 Blend
44$691,000$691,000$691,000$691,000
45$763,587$726,964$716,254$800,219
46$786,661$707,773$685,436$806,353
47$810,361$685,915$651,859$807,427
48$834,697$661,204$615,376$807,470
49$859,679$633,446$575,833$806,397
50$885,314$602,432$533,072$804,120
51$911,609$567,945$486,923$800,547
52$938,570$529,751$437,211$795,577
53$966,202$487,606$383,755$789,104
54$994,506$441,251$326,363$781,017
55$1,023,485$390,411$264,835$771,195
56$1,053,137$334,798$198,964$759,511
57$1,083,459$274,105$128,531$745,830
58$1,114,446$208,010$53,310$730,008
59$1,146,087$136,171$0$711,893
60$1,178,373$58,227$0$696,500
61$1,211,286$0$0$689,741
62$1,244,807$0$0$689,595
63$1,278,911$0$0$708,334
64$1,313,569$0$0$727,359
65$1,348,744$0$0$746,649
66$1,384,394$0$0$766,176
67$1,420,471$0$0$785,912
68$1,456,915$0$0$805,820
69$1,493,661$0$0$825,861
70$1,530,631$0$0$845,988
71$1,567,738$0$0$866,149
72$1,604,880$0$0$886,283
73$1,641,944$0$0$906,322
74$1,678,800$0$0$926,189
75$1,715,300$0$0$945,795
76$1,751,279$0$0$965,044
77$1,786,550$0$0$983,823
78$1,820,902$0$0$1,002,009
79$1,854,101$0$0$1,019,461
80$1,885,881$0$0$1,036,024
81$1,915,946$0$0$1,051,523
82$1,943,966$0$0$1,065,762
83$1,969,571$0$0$1,078,523
84$1,992,347$0$0$1,089,563
85$2,011,837$0$0$1,098,612
86$2,027,526$0$0$1,105,369
87$2,038,846$0$0$1,109,497
88$2,045,163$0$0$1,110,626
89$2,045,773$0$0$1,108,340
90$2,039,892$0$0$1,102,180
91$2,026,654$0$0$1,091,637
92$2,005,094$0$0$1,076,145
93$1,974,144$0$0$1,055,077
94$1,932,620$0$0$1,027,740
95$1,879,209$0$0$993,362
96$1,812,459$0$0$951,094
97$1,730,760$0$0$899,990
98$1,632,330$0$0$839,009
99$1,515,200$0$0$766,995
100$1,377,187$0$0$682,671