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%12.5%
1 years$55,163$54,671$54,192$53,724$53,267$52,711
2 years$27,308$26,800$26,307$25,829$25,365$24,805
3 years$18,025$17,514$17,022$16,549$16,093$15,546
4 years$13,384$12,875$12,388$11,923$11,478$10,948
5 years$10,600$10,094$9,613$9,158$8,725$8,215
6 years$8,745$8,242$7,769$7,323$6,904$6,414
7 years$7,420$6,922$6,456$6,021$5,615$5,145
8 years$6,427$5,933$5,475$5,051$4,658$4,208
9 years$5,655$5,166$4,716$4,302$3,923$3,493
10 years$5,038$4,554$4,111$3,709$3,342$2,932
11 years$4,533$4,054$3,620$3,228$2,874$2,483
12 years$4,113$3,639$3,212$2,831$2,491$2,119
13 years$3,758$3,288$2,870$2,499$2,172$1,818
14 years$3,453$2,989$2,579$2,219$1,904$1,568
15 years$3,190$2,730$2,328$1,979$1,677$1,358
16 years$2,959$2,505$2,111$1,772$1,482$1,180
17 years$2,756$2,307$1,921$1,592$1,314$1,029
18 years$2,576$2,132$1,753$1,435$1,168$899
19 years$2,415$1,976$1,605$1,296$1,041$787
20 years$2,270$1,836$1,473$1,174$930$690
21 years$2,139$1,710$1,355$1,065$832$607
22 years$2,021$1,596$1,249$969$746$534
23 years$1,912$1,493$1,153$882$670$470
24 years$1,813$1,399$1,066$805$602$415
25 years$1,722$1,313$988$735$542$366
26 years$1,638$1,234$916$672$488$323
27 years$1,561$1,161$851$615$440$286
28 years$1,489$1,094$791$564$397$253
29 years$1,422$1,032$736$517$358$224
30 years$1,360$975$685$474$324$198
31 years$1,302$922$639$436$293$176
32 years$1,247$872$596$400$265$156
33 years$1,196$826$557$368$240$138
34 years$1,148$783$520$339$217$122
35 years$1,103$742$486$312$197$109
36 years$1,061$705$455$287$178$96
37 years$1,021$669$426$265$161$85
38 years$983$636$399$244$146$76
39 years$947$605$374$225$133$67
40 years$913$575$350$207$120$60
41 years$881$548$328$191$109$53
42 years$850$522$308$177$99$47
43 years$821$497$289$163$90$42
44 years$794$474$271$151$82$37
45 years$767$452$255$139$74$33
46 years$742$431$239$128$67$29
47 years$718$411$225$119$61$26
48 years$695$393$211$110$55$23
49 years$673$375$199$101$50$21
50 years$652$358$187$94$46$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $668,000, adding $4,510 every year, while hoping to spend $39,215 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: 71/20/9 Blend
44$668,000$668,000$668,000$668,000
45$740,788$705,384$695,030$791,849
46$774,624$698,223$676,589$819,058
47$810,597$689,398$656,216$843,569
48$848,883$678,784$633,805$869,329
49$889,676$666,251$609,244$896,452
50$933,188$651,662$582,419$925,063
51$979,650$634,870$553,206$955,303
52$1,029,316$615,721$521,481$987,325
53$1,082,465$594,050$487,109$1,021,301
54$1,139,402$569,684$449,953$1,057,421
55$1,200,463$542,440$409,868$1,095,895
56$1,266,014$512,123$366,702$1,136,956
57$1,336,459$478,529$320,298$1,180,862
58$1,412,240$441,440$270,491$1,227,899
59$1,493,845$400,626$217,109$1,278,382
60$1,581,806$355,846$159,971$1,332,663
61$1,676,710$306,842$98,890$1,391,128
62$1,779,202$253,345$33,670$1,454,208
63$1,889,989$195,067$0$1,522,377
64$2,009,850$131,707$0$1,599,611
65$2,139,639$62,945$0$1,686,717
66$2,280,298$0$0$1,781,123
67$2,432,859$0$0$1,886,105
68$2,598,462$0$0$2,015,127
69$2,778,355$0$0$2,155,314
70$2,973,915$0$0$2,307,740
71$3,186,656$0$0$2,473,591
72$3,418,243$0$0$2,654,168
73$3,670,507$0$0$2,850,904
74$3,945,466$0$0$3,065,377
75$4,245,339$0$0$3,299,322
76$4,572,568$0$0$3,554,650
77$4,929,842$0$0$3,833,463
78$5,320,120$0$0$4,138,076
79$5,746,661$0$0$4,471,039
80$6,213,051$0$0$4,835,156
81$6,723,240$0$0$5,233,517
82$7,281,577$0$0$5,669,525
83$7,892,851$0$0$6,146,924
84$8,562,334$0$0$6,669,840
85$9,295,832$0$0$7,242,815
86$10,099,743$0$0$7,870,852
87$10,981,107$0$0$8,559,460
88$11,947,684$0$0$9,314,709
89$13,008,016$0$0$10,143,282
90$14,171,515$0$0$11,052,542
91$15,448,546$0$0$12,050,597
92$16,850,527$0$0$13,146,380
93$18,390,037$0$0$14,349,733
94$20,080,930$0$0$15,671,493
95$21,938,471$0$0$17,123,603
96$23,979,473$0$0$18,719,217
97$26,222,461$0$0$20,472,827
98$28,687,842$0$0$22,400,399
99$31,398,098$0$0$24,519,523
100$34,377,999$0$0$26,849,578