Can I retire at age 45 with 668,000?

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 $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%14.7%
1 years$55,163$54,671$54,192$53,724$53,267$52,234
2 years$27,308$26,800$26,307$25,829$25,365$24,329
3 years$18,025$17,514$17,022$16,549$16,093$15,085
4 years$13,384$12,875$12,388$11,923$11,478$10,507
5 years$10,600$10,094$9,613$9,158$8,725$7,793
6 years$8,745$8,242$7,769$7,323$6,904$6,012
7 years$7,420$6,922$6,456$6,021$5,615$4,764
8 years$6,427$5,933$5,475$5,051$4,658$3,847
9 years$5,655$5,166$4,716$4,302$3,923$3,152
10 years$5,038$4,554$4,111$3,709$3,342$2,611
11 years$4,533$4,054$3,620$3,228$2,874$2,181
12 years$4,113$3,639$3,212$2,831$2,491$1,835
13 years$3,758$3,288$2,870$2,499$2,172$1,552
14 years$3,453$2,989$2,579$2,219$1,904$1,319
15 years$3,190$2,730$2,328$1,979$1,677$1,125
16 years$2,959$2,505$2,111$1,772$1,482$963
17 years$2,756$2,307$1,921$1,592$1,314$826
18 years$2,576$2,132$1,753$1,435$1,168$711
19 years$2,415$1,976$1,605$1,296$1,041$612
20 years$2,270$1,836$1,473$1,174$930$528
21 years$2,139$1,710$1,355$1,065$832$457
22 years$2,021$1,596$1,249$969$746$395
23 years$1,912$1,493$1,153$882$670$342
24 years$1,813$1,399$1,066$805$602$297
25 years$1,722$1,313$988$735$542$257
26 years$1,638$1,234$916$672$488$223
27 years$1,561$1,161$851$615$440$194
28 years$1,489$1,094$791$564$397$169
29 years$1,422$1,032$736$517$358$147
30 years$1,360$975$685$474$324$128
31 years$1,302$922$639$436$293$111
32 years$1,247$872$596$400$265$97
33 years$1,196$826$557$368$240$84
34 years$1,148$783$520$339$217$73
35 years$1,103$742$486$312$197$64
36 years$1,061$705$455$287$178$55
37 years$1,021$669$426$265$161$48
38 years$983$636$399$244$146$42
39 years$947$605$374$225$133$37
40 years$913$575$350$207$120$32
41 years$881$548$328$191$109$28
42 years$850$522$308$177$99$24
43 years$821$497$289$163$90$21
44 years$794$474$271$151$82$18
45 years$767$452$255$139$74$16
46 years$742$431$239$128$67$14
47 years$718$411$225$119$61$12
48 years$695$393$211$110$55$11
49 years$673$375$199$101$50$9
50 years$652$358$187$94$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $668,000, adding $4,798 every year, while hoping to spend $34,473 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: 67/26/7 Blend
44$668,000$668,000$668,000$668,000
45$741,085$705,681$695,327$789,531
46$779,997$703,581$681,942$820,192
47$821,722$700,222$666,952$849,096
48$866,512$695,506$650,269$879,772
49$914,640$689,331$631,797$912,389
50$966,410$681,584$611,439$947,133
51$1,022,152$672,150$589,091$984,209
52$1,082,231$660,905$564,645$1,023,845
53$1,147,046$647,717$537,988$1,066,291
54$1,217,037$632,447$509,002$1,111,826
55$1,292,686$614,948$477,565$1,160,757
56$1,374,524$595,065$443,548$1,213,425
57$1,463,134$572,631$406,815$1,270,205
58$1,559,157$547,473$367,226$1,331,512
59$1,663,298$519,406$324,635$1,397,807
60$1,776,332$488,235$278,888$1,469,598
61$1,899,112$453,753$229,825$1,547,446
62$2,032,576$415,741$177,279$1,631,972
63$2,177,755$373,969$121,075$1,723,863
64$2,335,785$328,193$61,030$1,823,878
65$2,507,915$278,154$0$1,932,854
66$2,695,520$223,581$0$2,051,945
67$2,900,111$164,185$0$2,186,828
68$3,123,356$99,663$0$2,334,084
69$3,367,085$29,693$0$2,494,981
70$3,633,316$0$0$2,670,915
71$3,924,272$0$0$2,876,607
72$4,242,395$0$0$3,110,834
73$4,590,380$0$0$3,367,088
74$4,971,190$0$0$3,647,557
75$5,388,089$0$0$3,954,650
76$5,844,671$0$0$4,291,020
77$6,344,896$0$0$4,659,589
78$6,893,121$0$0$5,063,575
79$7,494,149$0$0$5,506,522
80$8,153,266$0$0$5,992,333
81$8,876,296$0$0$6,525,307
82$9,669,654$0$0$7,110,181
83$10,540,407$0$0$7,752,168
84$11,496,336$0$0$8,457,017
85$12,546,015$0$0$9,231,055
86$13,698,889$0$0$10,081,254
87$14,965,361$0$0$11,015,296
88$16,356,893$0$0$12,041,641
89$17,886,110$0$0$13,169,611
90$19,566,923$0$0$14,409,476
91$21,414,657$0$0$15,772,548
92$23,446,195$0$0$17,271,293
93$25,680,137$0$0$18,919,443
94$28,136,979$0$0$20,732,129
95$30,839,298$0$0$22,726,019
96$33,811,973$0$0$24,919,482
97$37,082,413$0$0$27,332,754
98$40,680,820$0$0$29,988,131
99$44,640,467$0$0$32,910,181
100$48,998,021$0$0$36,125,972