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%12.1%
1 years$54,832$54,344$53,868$53,402$52,948$52,483
2 years$27,145$26,639$26,149$25,674$25,213$24,744
3 years$17,917$17,409$16,920$16,450$15,996$15,538
4 years$13,304$12,797$12,314$11,851$11,409$10,965
5 years$10,537$10,033$9,556$9,103$8,673$8,245
6 years$8,692$8,193$7,723$7,280$6,862$6,451
7 years$7,376$6,880$6,418$5,985$5,581$5,186
8 years$6,389$5,898$5,443$5,021$4,630$4,251
9 years$5,621$5,135$4,688$4,276$3,899$3,537
10 years$5,008$4,526$4,087$3,686$3,322$2,976
11 years$4,506$4,030$3,598$3,208$2,857$2,527
12 years$4,088$3,617$3,193$2,814$2,476$2,162
13 years$3,735$3,268$2,853$2,484$2,159$1,860
14 years$3,433$2,971$2,563$2,205$1,893$1,608
15 years$3,171$2,714$2,314$1,967$1,666$1,397
16 years$2,942$2,490$2,098$1,761$1,473$1,217
17 years$2,740$2,293$1,909$1,582$1,306$1,064
18 years$2,561$2,119$1,743$1,426$1,161$932
19 years$2,401$1,964$1,596$1,288$1,035$818
20 years$2,257$1,825$1,464$1,167$924$720
21 years$2,127$1,700$1,347$1,059$827$635
22 years$2,009$1,587$1,241$963$742$560
23 years$1,901$1,484$1,146$877$666$495
24 years$1,802$1,390$1,060$800$598$438
25 years$1,712$1,305$982$730$538$388
26 years$1,628$1,226$911$668$485$344
27 years$1,551$1,154$846$611$437$305
28 years$1,480$1,088$786$560$395$270
29 years$1,413$1,026$732$514$356$240
30 years$1,352$969$681$471$322$213
31 years$1,294$916$635$433$291$190
32 years$1,240$867$593$398$263$169
33 years$1,189$821$553$366$238$150
34 years$1,142$778$517$337$216$133
35 years$1,097$738$483$310$195$119
36 years$1,055$700$452$285$177$106
37 years$1,015$665$423$263$160$94
38 years$977$632$396$242$145$84
39 years$942$601$371$223$132$75
40 years$908$572$348$206$120$67
41 years$876$544$326$190$109$59
42 years$845$518$306$176$98$53
43 years$816$494$287$162$89$47
44 years$789$471$270$150$81$42
45 years$763$449$253$138$74$37
46 years$738$428$238$128$67$33
47 years$714$409$223$118$61$30
48 years$691$390$210$109$55$27
49 years$669$373$197$101$50$24
50 years$648$356$186$93$45$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $664,000, adding $3,599 every year, while hoping to spend $50,120 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: 81/10/9 Blend
44$664,000$664,000$664,000$664,000
45$735,440$700,248$689,956$793,765
46$757,128$681,233$659,743$813,483
47$779,348$659,607$626,837$828,140
48$802,102$635,187$591,096$842,721
49$825,389$607,785$552,371$857,193
50$849,208$577,195$510,504$871,518
51$873,555$543,205$465,334$885,655
52$898,423$505,588$416,689$899,560
53$923,805$464,105$364,390$913,184
54$949,689$418,502$308,253$926,472
55$976,059$368,511$248,082$939,365
56$1,002,900$313,850$183,675$951,799
57$1,030,187$254,220$114,819$963,704
58$1,057,894$189,305$41,294$975,002
59$1,085,991$118,773$0$985,608
60$1,114,440$42,270$0$999,001
61$1,143,197$0$0$1,015,973
62$1,172,212$0$0$1,036,935
63$1,201,428$0$0$1,062,717
64$1,230,778$0$0$1,088,610
65$1,260,186$0$0$1,114,545
66$1,289,566$0$0$1,140,444
67$1,318,819$0$0$1,166,221
68$1,347,833$0$0$1,191,774
69$1,376,484$0$0$1,216,991
70$1,404,629$0$0$1,241,746
71$1,432,108$0$0$1,265,895
72$1,458,744$0$0$1,289,278
73$1,484,333$0$0$1,311,716
74$1,508,652$0$0$1,333,007
75$1,531,448$0$0$1,352,925
76$1,552,440$0$0$1,371,220
77$1,571,314$0$0$1,387,610
78$1,587,720$0$0$1,401,782
79$1,601,268$0$0$1,413,388
80$1,611,522$0$0$1,422,040
81$1,618,001$0$0$1,427,305
82$1,620,167$0$0$1,428,704
83$1,617,423$0$0$1,425,704
84$1,609,107$0$0$1,417,713
85$1,594,485$0$0$1,404,075
86$1,572,740$0$0$1,384,060
87$1,542,969$0$0$1,356,863
88$1,504,171$0$0$1,321,587
89$1,455,236$0$0$1,277,243
90$1,394,935$0$0$1,222,732
91$1,321,907$0$0$1,156,841
92$1,234,649$0$0$1,078,224
93$1,131,495$0$0$985,396
94$1,010,603$0$0$876,710
95$869,936$0$0$750,348
96$707,243$0$0$604,301
97$520,035$0$0$436,345
98$305,562$0$0$244,025
99$60,787$0$0$24,629
100$0$0$0$0