Can I retire at age 45 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$55,163$54,671$54,192$53,724$53,267$52,001
2 years$27,308$26,800$26,307$25,829$25,365$24,097
3 years$18,025$17,514$17,022$16,549$16,093$14,862
4 years$13,384$12,875$12,388$11,923$11,478$10,293
5 years$10,600$10,094$9,613$9,158$8,725$7,591
6 years$8,745$8,242$7,769$7,323$6,904$5,822
7 years$7,420$6,922$6,456$6,021$5,615$4,584
8 years$6,427$5,933$5,475$5,051$4,658$3,679
9 years$5,655$5,166$4,716$4,302$3,923$2,994
10 years$5,038$4,554$4,111$3,709$3,342$2,463
11 years$4,533$4,054$3,620$3,228$2,874$2,043
12 years$4,113$3,639$3,212$2,831$2,491$1,707
13 years$3,758$3,288$2,870$2,499$2,172$1,433
14 years$3,453$2,989$2,579$2,219$1,904$1,209
15 years$3,190$2,730$2,328$1,979$1,677$1,023
16 years$2,959$2,505$2,111$1,772$1,482$869
17 years$2,756$2,307$1,921$1,592$1,314$740
18 years$2,576$2,132$1,753$1,435$1,168$631
19 years$2,415$1,976$1,605$1,296$1,041$539
20 years$2,270$1,836$1,473$1,174$930$462
21 years$2,139$1,710$1,355$1,065$832$396
22 years$2,021$1,596$1,249$969$746$339
23 years$1,912$1,493$1,153$882$670$291
24 years$1,813$1,399$1,066$805$602$250
25 years$1,722$1,313$988$735$542$215
26 years$1,638$1,234$916$672$488$185
27 years$1,561$1,161$851$615$440$160
28 years$1,489$1,094$791$564$397$137
29 years$1,422$1,032$736$517$358$118
30 years$1,360$975$685$474$324$102
31 years$1,302$922$639$436$293$88
32 years$1,247$872$596$400$265$76
33 years$1,196$826$557$368$240$65
34 years$1,148$783$520$339$217$56
35 years$1,103$742$486$312$197$49
36 years$1,061$705$455$287$178$42
37 years$1,021$669$426$265$161$36
38 years$983$636$399$244$146$31
39 years$947$605$374$225$133$27
40 years$913$575$350$207$120$23
41 years$881$548$328$191$109$20
42 years$850$522$308$177$99$17
43 years$821$497$289$163$90$15
44 years$794$474$271$151$82$13
45 years$767$452$255$139$74$11
46 years$742$431$239$128$67$10
47 years$718$411$225$119$61$8
48 years$695$393$211$110$55$7
49 years$673$375$199$101$50$6
50 years$652$358$187$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $668,000, adding $5,227 every year, while hoping to spend $45,391 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: 66/22/12 Blend
44$668,000$668,000$668,000$668,000
45$741,528$706,124$695,770$788,134
46$768,868$692,428$670,782$806,168
47$797,475$676,540$643,436$820,042
48$827,432$658,304$613,605$834,050
49$858,825$637,556$581,156$848,203
50$891,750$614,122$545,950$862,514
51$926,312$587,817$507,843$876,996
52$962,623$558,447$466,682$891,668
53$1,000,804$525,805$422,311$906,553
54$1,040,990$489,674$374,562$921,676
55$1,083,326$449,822$323,264$937,069
56$1,127,968$406,006$268,237$952,767
57$1,175,090$357,970$209,291$968,813
58$1,224,878$305,439$146,232$985,257
59$1,277,537$248,127$78,852$1,002,156
60$1,333,291$185,730$6,938$1,019,575
61$1,392,383$117,927$0$1,037,590
62$1,455,080$44,380$0$1,065,227
63$1,521,673$0$0$1,095,175
64$1,592,481$0$0$1,135,229
65$1,667,853$0$0$1,189,323
66$1,748,171$0$0$1,246,992
67$1,833,852$0$0$1,308,538
68$1,925,355$0$0$1,374,295
69$2,023,181$0$0$1,444,625
70$2,127,881$0$0$1,519,929
71$2,240,058$0$0$1,600,644
72$2,360,374$0$0$1,687,251
73$2,489,554$0$0$1,780,277
74$2,628,396$0$0$1,880,302
75$2,777,775$0$0$1,987,959
76$2,938,650$0$0$2,103,947
77$3,112,078$0$0$2,229,033
78$3,299,216$0$0$2,364,057
79$3,501,338$0$0$2,509,945
80$3,719,843$0$0$2,667,714
81$3,956,268$0$0$2,838,480
82$4,212,305$0$0$3,023,472
83$4,489,810$0$0$3,224,041
84$4,790,829$0$0$3,441,671
85$5,117,608$0$0$3,677,996
86$5,472,619$0$0$3,934,812
87$5,858,581$0$0$4,214,095
88$6,278,486$0$0$4,518,021
89$6,735,624$0$0$4,848,981
90$7,233,617$0$0$5,209,607
91$7,776,451$0$0$5,602,797
92$8,368,511$0$0$6,031,740
93$9,014,626$0$0$6,499,944
94$9,720,110$0$0$7,011,274
95$10,490,811$0$0$7,569,982
96$11,333,170$0$0$8,180,751
97$12,254,277$0$0$8,848,735
98$13,261,939$0$0$9,579,610
99$14,364,750$0$0$10,379,625
100$15,572,176$0$0$11,255,664