Can I retire at age 45 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$55,080$54,590$54,111$53,644$53,188$52,523
2 years$27,267$26,760$26,267$25,790$25,327$24,659
3 years$17,998$17,488$16,997$16,524$16,069$15,417
4 years$13,364$12,855$12,369$11,905$11,460$10,830
5 years$10,584$10,079$9,599$9,144$8,712$8,105
6 years$8,732$8,230$7,757$7,312$6,893$6,311
7 years$7,409$6,912$6,447$6,012$5,606$5,048
8 years$6,417$5,924$5,467$5,043$4,651$4,117
9 years$5,647$5,158$4,709$4,296$3,917$3,407
10 years$5,030$4,547$4,105$3,703$3,337$2,851
11 years$4,526$4,048$3,614$3,223$2,870$2,408
12 years$4,107$3,633$3,208$2,827$2,487$2,048
13 years$3,752$3,283$2,866$2,496$2,169$1,752
14 years$3,448$2,984$2,575$2,215$1,901$1,506
15 years$3,185$2,726$2,325$1,976$1,674$1,300
16 years$2,955$2,501$2,108$1,769$1,479$1,125
17 years$2,752$2,304$1,918$1,589$1,312$977
18 years$2,572$2,129$1,751$1,432$1,166$851
19 years$2,412$1,973$1,603$1,294$1,040$742
20 years$2,267$1,833$1,471$1,172$929$649
21 years$2,136$1,708$1,353$1,064$831$568
22 years$2,018$1,594$1,247$967$745$498
23 years$1,910$1,491$1,151$881$669$437
24 years$1,811$1,397$1,065$803$601$384
25 years$1,720$1,311$986$734$541$338
26 years$1,636$1,232$915$671$487$297
27 years$1,558$1,159$849$614$439$262
28 years$1,487$1,093$790$563$396$230
29 years$1,420$1,031$735$516$358$203
30 years$1,358$973$684$474$323$179
31 years$1,300$920$638$435$292$158
32 years$1,245$871$595$400$264$139
33 years$1,194$824$556$368$239$123
34 years$1,147$781$519$338$217$109
35 years$1,102$741$486$311$196$96
36 years$1,059$703$454$287$178$85
37 years$1,019$668$425$264$161$75
38 years$982$635$398$243$146$66
39 years$946$604$373$225$132$59
40 years$912$574$350$207$120$52
41 years$880$547$328$191$109$46
42 years$849$521$308$176$99$41
43 years$820$496$289$163$90$36
44 years$792$473$271$150$81$32
45 years$766$451$254$139$74$28
46 years$741$430$239$128$67$25
47 years$717$411$224$118$61$22
48 years$694$392$211$109$55$19
49 years$672$374$198$101$50$17
50 years$651$358$186$93$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $667,000, adding $3,981 every year, while hoping to spend $28,236 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: 52/18/30 Blend
44$667,000$667,000$667,000$667,000
45$739,140$703,789$693,451$771,156
46$784,490$708,232$686,639$798,325
47$833,519$711,946$678,652$824,714
48$886,572$714,866$669,421$852,875
49$944,030$716,922$658,875$882,991
50$1,006,310$718,041$646,936$915,265
51$1,073,872$718,142$633,526$949,919
52$1,147,219$717,144$618,562$987,201
53$1,226,908$714,957$601,956$1,027,386
54$1,313,550$711,487$583,619$1,070,779
55$1,407,816$706,634$563,454$1,117,716
56$1,510,446$700,292$541,363$1,168,571
57$1,622,254$692,348$517,241$1,223,755
58$1,744,136$682,685$490,980$1,283,727
59$1,877,076$671,175$462,466$1,348,992
60$2,022,160$657,685$431,581$1,420,109
61$2,180,581$642,072$398,200$1,497,698
62$2,353,655$624,188$362,194$1,582,444
63$2,542,827$603,873$323,428$1,675,104
64$2,749,692$580,960$281,759$1,776,515
65$2,976,004$555,269$237,041$1,887,604
66$3,223,693$526,614$189,118$2,009,394
67$3,494,887$494,796$137,831$2,143,015
68$3,791,927$459,602$83,010$2,289,719
69$4,117,393$420,813$24,480$2,450,888
70$4,474,126$378,191$0$2,628,047
71$4,865,253$331,488$0$2,835,041
72$5,294,220$280,443$0$3,070,729
73$5,764,822$224,776$0$3,329,387
74$6,281,239$164,196$0$3,613,355
75$6,848,076$98,391$0$3,925,213
76$7,470,404$27,036$0$4,267,804
77$8,153,809$0$0$4,644,265
78$8,904,447$0$0$5,067,999
79$9,729,097$0$0$5,539,466
80$10,635,227$0$0$6,057,591
81$11,631,066$0$0$6,627,087
82$12,725,679$0$0$7,253,147
83$13,929,052$0$0$7,941,494
84$15,252,188$0$0$8,698,431
85$16,707,208$0$0$9,530,903
86$18,307,469$0$0$10,446,561
87$20,067,683$0$0$11,453,838
88$22,004,065$0$0$12,562,021
89$24,134,476$0$0$13,781,345
90$26,478,598$0$0$15,123,087
91$29,058,116$0$0$16,599,673
92$31,896,924$0$0$18,224,792
93$35,021,349$0$0$20,013,530
94$38,460,400$0$0$21,982,508
95$42,246,040$0$0$24,150,041
96$46,413,491$0$0$26,536,310
97$51,001,559$0$0$29,163,552
98$56,053,009$0$0$32,056,269
99$61,614,958$0$0$35,241,462
100$67,739,330$0$0$38,748,881