Can I retire at age 45 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$54,832$54,344$53,868$53,402$52,948$51,543
2 years$27,145$26,639$26,149$25,674$25,213$23,807
3 years$17,917$17,409$16,920$16,450$15,996$14,634
4 years$13,304$12,797$12,314$11,851$11,409$10,100
5 years$10,537$10,033$9,556$9,103$8,673$7,421
6 years$8,692$8,193$7,723$7,280$6,862$5,669
7 years$7,376$6,880$6,418$5,985$5,581$4,447
8 years$6,389$5,898$5,443$5,021$4,630$3,554
9 years$5,621$5,135$4,688$4,276$3,899$2,880
10 years$5,008$4,526$4,087$3,686$3,322$2,359
11 years$4,506$4,030$3,598$3,208$2,857$1,948
12 years$4,088$3,617$3,193$2,814$2,476$1,620
13 years$3,735$3,268$2,853$2,484$2,159$1,354
14 years$3,433$2,971$2,563$2,205$1,893$1,136
15 years$3,171$2,714$2,314$1,967$1,666$957
16 years$2,942$2,490$2,098$1,761$1,473$809
17 years$2,740$2,293$1,909$1,582$1,306$685
18 years$2,561$2,119$1,743$1,426$1,161$581
19 years$2,401$1,964$1,596$1,288$1,035$494
20 years$2,257$1,825$1,464$1,167$924$421
21 years$2,127$1,700$1,347$1,059$827$359
22 years$2,009$1,587$1,241$963$742$306
23 years$1,901$1,484$1,146$877$666$261
24 years$1,802$1,390$1,060$800$598$223
25 years$1,712$1,305$982$730$538$191
26 years$1,628$1,226$911$668$485$163
27 years$1,551$1,154$846$611$437$140
28 years$1,480$1,088$786$560$395$120
29 years$1,413$1,026$732$514$356$103
30 years$1,352$969$681$471$322$88
31 years$1,294$916$635$433$291$75
32 years$1,240$867$593$398$263$65
33 years$1,189$821$553$366$238$55
34 years$1,142$778$517$337$216$48
35 years$1,097$738$483$310$195$41
36 years$1,055$700$452$285$177$35
37 years$1,015$665$423$263$160$30
38 years$977$632$396$242$145$26
39 years$942$601$371$223$132$22
40 years$908$572$348$206$120$19
41 years$876$544$326$190$109$16
42 years$845$518$306$176$98$14
43 years$816$494$287$162$89$12
44 years$789$471$270$150$81$10
45 years$763$449$253$138$74$9
46 years$738$428$238$128$67$8
47 years$714$409$223$118$61$6
48 years$691$390$210$109$55$6
49 years$669$373$197$101$50$5
50 years$648$356$186$93$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $664,000, adding $5,293 every year, while hoping to spend $28,202 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: 66/12/22 Blend
44$664,000$664,000$664,000$664,000
45$737,188$701,996$691,704$781,371
46$782,374$706,387$684,869$816,093
47$831,224$710,048$676,860$850,338
48$884,082$712,913$667,608$887,119
49$941,326$714,913$657,040$926,683
50$1,003,371$715,974$645,081$969,308
51$1,070,675$716,017$631,652$1,015,298
52$1,143,740$714,958$616,668$1,064,988
53$1,223,120$712,709$600,044$1,118,751
54$1,309,421$709,175$581,689$1,176,996
55$1,403,314$704,256$561,507$1,240,176
56$1,505,534$697,847$539,400$1,308,790
57$1,616,892$689,835$515,264$1,383,391
58$1,738,279$680,101$488,989$1,464,585
59$1,870,676$668,518$460,462$1,553,047
60$2,015,163$654,954$429,566$1,649,517
61$2,172,929$639,265$396,175$1,754,813
62$2,345,281$621,303$360,161$1,869,840
63$2,533,661$600,908$321,387$1,995,595
64$2,739,654$577,912$279,714$2,133,176
65$2,965,007$552,138$234,992$2,283,800
66$3,211,642$523,396$187,068$2,448,805
67$3,481,675$491,489$135,781$2,629,671
68$3,777,440$456,206$80,964$2,828,027
69$4,101,502$417,323$22,439$3,045,673
70$4,456,690$374,607$0$3,284,595
71$4,846,117$327,807$0$3,556,377
72$5,273,213$276,662$0$3,860,274
73$5,741,756$220,894$0$4,193,723
74$6,255,907$160,209$0$4,559,716
75$6,820,249$94,299$0$4,961,546
76$7,439,830$22,835$0$5,402,842
77$8,120,211$0$0$5,887,607
78$8,867,520$0$0$6,427,450
79$9,688,504$0$0$7,023,873
80$10,590,598$0$0$7,679,266
81$11,581,992$0$0$8,399,587
82$12,671,709$0$0$9,191,398
83$13,869,692$0$0$10,061,927
84$15,186,890$0$0$11,019,140
85$16,635,371$0$0$12,071,812
86$18,228,429$0$0$13,229,611
87$19,980,711$0$0$14,503,189
88$21,908,355$0$0$15,904,284
89$24,029,140$0$0$17,445,825
90$26,362,660$0$0$19,142,062
91$28,930,498$0$0$21,008,694
92$31,756,439$0$0$23,063,017
93$34,866,691$0$0$25,324,091
94$38,290,127$0$0$27,812,918
95$42,058,565$0$0$30,552,636
96$46,207,063$0$0$33,568,744
97$50,774,252$0$0$36,889,337
98$55,802,698$0$0$40,545,372
99$61,339,303$0$0$44,570,963
100$67,435,751$0$0$49,003,697