Can I retire at age 45 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$55,245$54,753$54,273$53,805$53,347$53,100
2 years$27,349$26,840$26,346$25,868$25,403$25,154
3 years$18,052$17,540$17,048$16,574$16,117$15,873
4 years$13,404$12,894$12,406$11,940$11,495$11,258
5 years$10,616$10,109$9,628$9,171$8,738$8,509
6 years$8,758$8,255$7,781$7,334$6,914$6,694
7 years$7,431$6,932$6,466$6,030$5,623$5,411
8 years$6,437$5,942$5,484$5,058$4,665$4,461
9 years$5,664$5,174$4,723$4,309$3,929$3,733
10 years$5,045$4,560$4,118$3,714$3,347$3,160
11 years$4,540$4,060$3,625$3,232$2,879$2,700
12 years$4,119$3,644$3,217$2,835$2,495$2,324
13 years$3,763$3,293$2,874$2,503$2,175$2,012
14 years$3,458$2,993$2,583$2,222$1,907$1,752
15 years$3,195$2,734$2,332$1,982$1,679$1,531
16 years$2,964$2,509$2,114$1,774$1,484$1,343
17 years$2,761$2,311$1,924$1,594$1,316$1,182
18 years$2,580$2,135$1,756$1,437$1,170$1,043
19 years$2,419$1,979$1,608$1,298$1,043$923
20 years$2,274$1,839$1,475$1,176$931$818
21 years$2,143$1,713$1,357$1,067$834$726
22 years$2,024$1,599$1,251$970$747$645
23 years$1,915$1,495$1,155$884$671$575
24 years$1,816$1,401$1,068$806$603$512
25 years$1,725$1,315$989$736$542$457
26 years$1,641$1,236$917$673$489$408
27 years$1,563$1,163$852$616$441$365
28 years$1,491$1,096$792$564$397$326
29 years$1,424$1,034$737$518$359$292
30 years$1,362$976$686$475$324$262
31 years$1,304$923$640$436$293$235
32 years$1,249$873$597$401$265$210
33 years$1,198$827$558$369$240$189
34 years$1,150$784$521$339$217$169
35 years$1,105$743$487$312$197$152
36 years$1,063$706$456$288$178$136
37 years$1,022$670$426$265$162$122
38 years$985$637$399$244$147$110
39 years$949$606$374$225$133$99
40 years$915$576$351$208$121$89
41 years$882$548$329$192$109$80
42 years$852$522$308$177$99$72
43 years$823$498$289$163$90$64
44 years$795$474$272$151$82$58
45 years$768$452$255$139$74$52
46 years$743$432$240$129$67$47
47 years$719$412$225$119$61$42
48 years$696$393$212$110$56$38
49 years$674$375$199$101$50$34
50 years$653$359$187$94$46$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $669,000, adding $6,876 every year, while hoping to spend $35,457 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: 32/43/25 Blend
44$669,000$669,000$669,000$669,000
45$744,331$708,874$698,504$762,268
46$782,526$705,882$684,178$773,469
47$823,430$701,556$668,184$781,883
48$867,279$695,792$650,428$790,235
49$914,337$688,482$630,812$798,542
50$964,891$679,509$609,236$806,828
51$1,019,256$668,750$585,591$815,121
52$1,077,778$656,077$559,767$823,455
53$1,140,838$641,352$531,645$831,874
54$1,208,854$624,428$501,106$840,426
55$1,282,284$605,152$468,020$849,172
56$1,361,633$583,361$432,255$858,181
57$1,447,456$558,882$393,671$867,535
58$1,540,360$531,531$352,124$877,329
59$1,641,017$501,116$307,460$887,672
60$1,750,162$467,432$259,521$898,691
61$1,868,606$430,264$208,142$910,533
62$1,997,239$389,381$153,150$923,362
63$2,137,040$344,544$94,363$937,368
64$2,289,087$295,496$31,594$952,769
65$2,454,567$241,968$0$969,810
66$2,634,783$183,675$0$998,210
67$2,831,172$120,315$0$1,038,452
68$3,045,312$51,572$0$1,082,511
69$3,278,945$0$0$1,130,850
70$3,533,982$0$0$1,194,813
71$3,812,532$0$0$1,291,422
72$4,116,913$0$0$1,397,088
73$4,449,680$0$0$1,512,712
74$4,813,643$0$0$1,639,283
75$5,211,899$0$0$1,777,890
76$5,647,855$0$0$1,929,735
77$6,125,266$0$0$2,096,139
78$6,648,265$0$0$2,278,557
79$7,221,403$0$0$2,478,593
80$7,849,695$0$0$2,698,013
81$8,538,661$0$0$2,938,762
82$9,294,383$0$0$3,202,982
83$10,123,560$0$0$3,493,033
84$11,033,568$0$0$3,811,515
85$12,032,536$0$0$4,161,291
86$13,129,415$0$0$4,545,515
87$14,334,067$0$0$4,967,664
88$15,657,355$0$0$5,431,564
89$17,111,246$0$0$5,941,435
90$18,708,925$0$0$6,501,921
91$20,464,916$0$0$7,118,142
92$22,395,220$0$0$7,795,739
93$24,517,465$0$0$8,540,923
94$26,851,075$0$0$9,360,542
95$29,417,446$0$0$10,262,139
96$32,240,156$0$0$11,254,023
97$35,345,179$0$0$12,345,351
98$38,761,136$0$0$13,546,213
99$42,519,558$0$0$14,867,724
100$46,655,190$0$0$16,322,132