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%18.2%
1 years$54,832$54,344$53,868$53,402$52,948$51,192
2 years$27,145$26,639$26,149$25,674$25,213$23,461
3 years$17,917$17,409$16,920$16,450$15,996$14,303
4 years$13,304$12,797$12,314$11,851$11,409$9,787
5 years$10,537$10,033$9,556$9,103$8,673$7,127
6 years$8,692$8,193$7,723$7,280$6,862$5,394
7 years$7,376$6,880$6,418$5,985$5,581$4,190
8 years$6,389$5,898$5,443$5,021$4,630$3,315
9 years$5,621$5,135$4,688$4,276$3,899$2,659
10 years$5,008$4,526$4,087$3,686$3,322$2,155
11 years$4,506$4,030$3,598$3,208$2,857$1,761
12 years$4,088$3,617$3,193$2,814$2,476$1,447
13 years$3,735$3,268$2,853$2,484$2,159$1,196
14 years$3,433$2,971$2,563$2,205$1,893$992
15 years$3,171$2,714$2,314$1,967$1,666$826
16 years$2,942$2,490$2,098$1,761$1,473$689
17 years$2,740$2,293$1,909$1,582$1,306$577
18 years$2,561$2,119$1,743$1,426$1,161$483
19 years$2,401$1,964$1,596$1,288$1,035$406
20 years$2,257$1,825$1,464$1,167$924$341
21 years$2,127$1,700$1,347$1,059$827$287
22 years$2,009$1,587$1,241$963$742$241
23 years$1,901$1,484$1,146$877$666$203
24 years$1,802$1,390$1,060$800$598$172
25 years$1,712$1,305$982$730$538$145
26 years$1,628$1,226$911$668$485$122
27 years$1,551$1,154$846$611$437$103
28 years$1,480$1,088$786$560$395$87
29 years$1,413$1,026$732$514$356$74
30 years$1,352$969$681$471$322$62
31 years$1,294$916$635$433$291$53
32 years$1,240$867$593$398$263$44
33 years$1,189$821$553$366$238$38
34 years$1,142$778$517$337$216$32
35 years$1,097$738$483$310$195$27
36 years$1,055$700$452$285$177$23
37 years$1,015$665$423$263$160$19
38 years$977$632$396$242$145$16
39 years$942$601$371$223$132$14
40 years$908$572$348$206$120$12
41 years$876$544$326$190$109$10
42 years$845$518$306$176$98$8
43 years$816$494$287$162$89$7
44 years$789$471$270$150$81$6
45 years$763$449$253$138$74$5
46 years$738$428$238$128$67$4
47 years$714$409$223$118$61$4
48 years$691$390$210$109$55$3
49 years$669$373$197$101$50$3
50 years$648$356$186$93$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $664,000, adding $4,385 every year, while hoping to spend $45,792 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: 62/17/21 Blend
44$664,000$664,000$664,000$664,000
45$736,251$701,059$690,767$777,621
46$762,626$686,689$665,185$791,712
47$790,157$670,079$637,212$801,610
48$818,913$651,073$606,719$811,374
49$848,969$629,502$573,570$820,997
50$880,406$605,191$537,628$830,472
51$913,313$577,950$498,743$839,795
52$947,783$547,582$456,764$848,961
53$983,922$513,878$411,529$857,969
54$1,021,839$476,615$362,873$866,820
55$1,061,657$435,560$310,619$875,518
56$1,103,507$390,463$254,587$884,068
57$1,147,533$341,065$194,584$892,481
58$1,193,892$287,087$130,412$900,771
59$1,242,752$228,237$61,864$908,958
60$1,294,299$164,207$0$917,064
61$1,348,734$94,670$0$927,652
62$1,406,278$19,282$0$953,186
63$1,467,171$0$0$979,889
64$1,531,674$0$0$1,019,530
65$1,600,075$0$0$1,065,414
66$1,672,686$0$0$1,114,148
67$1,749,849$0$0$1,165,965
68$1,831,939$0$0$1,221,120
69$1,919,366$0$0$1,279,892
70$2,012,579$0$0$1,342,587
71$2,112,069$0$0$1,409,539
72$2,218,374$0$0$1,481,115
73$2,332,084$0$0$1,557,718
74$2,453,848$0$0$1,639,788
75$2,584,374$0$0$1,727,810
76$2,724,440$0$0$1,822,314
77$2,874,903$0$0$1,923,883
78$3,036,698$0$0$2,033,157
79$3,210,856$0$0$2,150,837
80$3,398,507$0$0$2,277,695
81$3,600,893$0$0$2,414,578
82$3,819,378$0$0$2,562,416
83$4,055,461$0$0$2,722,232
84$4,310,789$0$0$2,895,152
85$4,587,174$0$0$3,082,409
86$4,886,606$0$0$3,285,363
87$5,211,273$0$0$3,505,508
88$5,563,582$0$0$3,744,486
89$5,946,181$0$0$4,004,104
90$6,361,981$0$0$4,286,351
91$6,814,186$0$0$4,593,412
92$7,306,318$0$0$4,927,694
93$7,842,256$0$0$5,291,843
94$8,426,267$0$0$5,688,775
95$9,063,046$0$0$6,121,693
96$9,757,762$0$0$6,594,129
97$10,516,102$0$0$7,109,965
98$11,344,330$0$0$7,673,479
99$12,249,337$0$0$8,289,377
100$13,238,714$0$0$8,962,843