Can I retire at age 45 with 667,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$55,080$54,590$54,111$53,644$53,188$51,692
2 years$27,267$26,760$26,267$25,790$25,327$23,832
3 years$17,998$17,488$16,997$16,524$16,069$14,621
4 years$13,364$12,855$12,369$11,905$11,460$10,070
5 years$10,584$10,079$9,599$9,144$8,712$7,384
6 years$8,732$8,230$7,757$7,312$6,893$5,629
7 years$7,409$6,912$6,447$6,012$5,606$4,405
8 years$6,417$5,924$5,467$5,043$4,651$3,512
9 years$5,647$5,158$4,709$4,296$3,917$2,839
10 years$5,030$4,547$4,105$3,703$3,337$2,320
11 years$4,526$4,048$3,614$3,223$2,870$1,911
12 years$4,107$3,633$3,208$2,827$2,487$1,585
13 years$3,752$3,283$2,866$2,496$2,169$1,321
14 years$3,448$2,984$2,575$2,215$1,901$1,106
15 years$3,185$2,726$2,325$1,976$1,674$929
16 years$2,955$2,501$2,108$1,769$1,479$783
17 years$2,752$2,304$1,918$1,589$1,312$661
18 years$2,572$2,129$1,751$1,432$1,166$559
19 years$2,412$1,973$1,603$1,294$1,040$474
20 years$2,267$1,833$1,471$1,172$929$402
21 years$2,136$1,708$1,353$1,064$831$342
22 years$2,018$1,594$1,247$967$745$291
23 years$1,910$1,491$1,151$881$669$248
24 years$1,811$1,397$1,065$803$601$211
25 years$1,720$1,311$986$734$541$180
26 years$1,636$1,232$915$671$487$153
27 years$1,558$1,159$849$614$439$131
28 years$1,487$1,093$790$563$396$112
29 years$1,420$1,031$735$516$358$95
30 years$1,358$973$684$474$323$81
31 years$1,300$920$638$435$292$70
32 years$1,245$871$595$400$264$59
33 years$1,194$824$556$368$239$51
34 years$1,147$781$519$338$217$43
35 years$1,102$741$486$311$196$37
36 years$1,059$703$454$287$178$32
37 years$1,019$668$425$264$161$27
38 years$982$635$398$243$146$23
39 years$946$604$373$225$132$20
40 years$912$574$350$207$120$17
41 years$880$547$328$191$109$15
42 years$849$521$308$176$99$12
43 years$820$496$289$163$90$11
44 years$792$473$271$150$81$9
45 years$766$451$254$139$74$8
46 years$741$430$239$128$67$7
47 years$717$411$224$118$61$6
48 years$694$392$211$109$55$5
49 years$672$374$198$101$50$4
50 years$651$358$186$93$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $667,000, adding $5,994 every year, while hoping to spend $35,988 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: 60/16/24 Blend
44$667,000$667,000$667,000$667,000
45$741,217$705,866$695,527$780,607
46$778,530$702,162$680,537$804,367
47$818,443$697,071$663,837$825,854
48$861,183$690,486$645,335$848,514
49$906,999$682,296$624,929$872,471
50$956,164$672,380$602,515$897,857
51$1,008,979$660,612$577,986$924,824
52$1,065,773$646,860$551,226$953,539
53$1,126,906$630,981$522,117$984,187
54$1,192,777$612,825$490,534$1,016,975
55$1,263,820$592,234$456,347$1,052,133
56$1,340,516$569,039$419,421$1,089,914
57$1,423,390$543,063$379,612$1,130,603
58$1,513,020$514,118$336,774$1,174,514
59$1,610,042$482,004$290,750$1,221,994
60$1,715,156$446,512$241,380$1,273,432
61$1,829,130$407,418$188,493$1,329,255
62$1,952,808$364,488$131,915$1,389,940
63$2,087,120$317,474$71,459$1,456,014
64$2,233,088$266,112$6,935$1,528,060
65$2,391,837$210,126$0$1,606,727
66$2,564,604$149,222$0$1,708,589
67$2,752,751$83,091$0$1,821,509
68$2,957,775$11,406$0$1,944,644
69$3,181,325$0$0$2,079,026
70$3,425,216$0$0$2,237,444
71$3,691,445$0$0$2,412,615
72$3,982,210$0$0$2,603,981
73$4,299,932$0$0$2,813,144
74$4,647,275$0$0$3,041,862
75$5,027,172$0$0$3,292,077
76$5,442,854$0$0$3,565,921
77$5,897,877$0$0$3,865,746
78$6,396,158$0$0$4,194,141
79$6,942,009$0$0$4,553,955
80$7,540,181$0$0$4,948,329
81$8,195,904$0$0$5,380,720
82$8,914,939$0$0$5,854,936
83$9,703,632$0$0$6,375,172
84$10,568,972$0$0$6,946,047
85$11,518,657$0$0$7,572,651
86$12,561,167$0$0$8,260,589
87$13,705,842$0$0$9,016,035
88$14,962,973$0$0$9,845,793
89$16,343,894$0$0$10,757,354
90$17,861,091$0$0$11,758,974
91$19,528,322$0$0$12,859,748
92$21,360,740$0$0$14,069,693
93$23,375,042$0$0$15,399,847
94$25,589,620$0$0$16,862,371
95$28,024,741$0$0$18,470,662
96$30,702,731$0$0$20,239,481
97$33,648,190$0$0$22,185,092
98$36,888,219$0$0$24,325,411
99$40,452,680$0$0$26,680,183
100$44,374,475$0$0$29,271,160