Can I retire at age 45 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$55,328$54,835$54,354$53,885$53,427$52,607
2 years$27,390$26,880$26,386$25,906$25,441$24,617
3 years$18,079$17,566$17,073$16,598$16,141$15,338
4 years$13,424$12,913$12,425$11,958$11,512$10,737
5 years$10,632$10,124$9,642$9,185$8,751$8,006
6 years$8,771$8,267$7,792$7,345$6,924$6,210
7 years$7,442$6,943$6,476$6,039$5,631$4,948
8 years$6,446$5,951$5,492$5,066$4,672$4,019
9 years$5,672$5,182$4,730$4,315$3,934$3,312
10 years$5,053$4,567$4,124$3,720$3,352$2,760
11 years$4,547$4,066$3,630$3,237$2,883$2,321
12 years$4,125$3,649$3,222$2,839$2,498$1,965
13 years$3,769$3,298$2,879$2,507$2,179$1,673
14 years$3,464$2,998$2,586$2,225$1,910$1,432
15 years$3,199$2,739$2,335$1,985$1,682$1,230
16 years$2,968$2,513$2,117$1,777$1,486$1,060
17 years$2,765$2,314$1,927$1,597$1,318$916
18 years$2,584$2,138$1,759$1,439$1,172$793
19 years$2,422$1,982$1,610$1,300$1,044$689
20 years$2,277$1,841$1,478$1,178$933$599
21 years$2,146$1,715$1,359$1,069$835$521
22 years$2,027$1,601$1,253$972$748$455
23 years$1,918$1,497$1,157$885$672$397
24 years$1,819$1,403$1,070$807$604$347
25 years$1,727$1,317$991$737$543$303
26 years$1,643$1,237$919$674$489$265
27 years$1,565$1,165$853$617$441$232
28 years$1,493$1,097$793$565$398$203
29 years$1,426$1,035$738$518$359$178
30 years$1,364$978$688$476$325$156
31 years$1,306$924$641$437$294$137
32 years$1,251$875$598$401$266$120
33 years$1,200$828$558$369$240$106
34 years$1,152$785$522$340$218$93
35 years$1,107$745$488$313$197$81
36 years$1,064$707$456$288$179$72
37 years$1,024$671$427$265$162$63
38 years$986$638$400$245$147$55
39 years$950$607$375$226$133$49
40 years$916$577$351$208$121$43
41 years$884$549$329$192$110$37
42 years$853$523$309$177$99$33
43 years$824$498$290$163$90$29
44 years$796$475$272$151$82$25
45 years$770$453$255$139$74$22
46 years$744$432$240$129$67$20
47 years$720$412$225$119$61$17
48 years$697$394$212$110$56$15
49 years$675$376$199$102$51$13
50 years$654$359$187$94$46$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $670,000, adding $6,799 every year, while hoping to spend $21,792 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: 68/12/20 Blend
44$670,000$670,000$670,000$670,000
45$745,353$709,843$699,458$791,896
46$798,193$721,439$699,703$835,477
47$855,691$732,873$699,227$879,965
48$918,302$744,113$697,980$928,102
49$986,521$755,127$695,915$980,246
50$1,060,897$765,879$692,980$1,036,793
51$1,142,033$776,332$689,119$1,098,178
52$1,230,592$786,443$684,275$1,164,882
53$1,327,303$796,171$678,390$1,237,434
54$1,432,972$805,467$671,400$1,316,418
55$1,548,484$814,283$663,240$1,402,477
56$1,674,811$822,565$653,841$1,496,321
57$1,813,029$830,257$643,131$1,598,732
58$1,964,317$837,299$631,036$1,710,571
59$2,129,977$843,626$617,475$1,832,790
60$2,311,441$849,170$602,367$1,966,437
61$2,510,287$853,859$585,625$2,112,666
62$2,728,252$857,614$567,159$2,272,752
63$2,967,250$860,353$546,875$2,448,098
64$3,229,388$861,989$524,674$2,640,252
65$3,516,988$862,429$500,453$2,850,922
66$3,832,607$861,574$474,104$3,081,987
67$4,179,060$859,319$445,515$3,335,524
68$4,559,451$855,552$414,566$3,613,817
69$4,977,197$850,156$381,136$3,919,388
70$5,436,063$843,005$345,095$4,255,016
71$5,940,195$833,966$306,310$4,623,764
72$6,494,163$822,899$264,639$5,029,009
73$7,103,000$809,653$219,937$5,474,473
74$7,772,250$794,070$172,049$5,964,261
75$8,508,024$775,984$120,817$6,502,897
76$9,317,051$755,216$66,073$7,095,367
77$10,206,747$731,578$7,644$7,747,168
78$11,185,282$704,872$0$8,464,361
79$12,261,657$674,887$0$9,265,300
80$13,445,789$641,400$0$10,148,173
81$14,748,607$604,176$0$11,119,505
82$16,182,150$562,965$0$12,188,287
83$17,759,683$517,505$0$13,364,426
84$19,495,823$467,515$0$14,658,841
85$21,406,677$412,703$0$16,083,562
86$23,509,989$352,757$0$17,651,849
87$25,825,314$287,348$0$19,378,312
88$28,374,197$216,129$0$21,279,053
89$31,180,379$138,734$0$23,371,816
90$34,270,021$54,774$0$25,676,155
91$37,671,947$0$0$28,213,619
92$41,417,920$0$0$31,012,729
93$45,542,941$0$0$34,103,093
94$50,085,576$0$0$37,506,376
95$55,088,324$0$0$41,254,424
96$60,598,014$0$0$45,382,328
97$66,666,248$0$0$49,928,757
98$73,349,891$0$0$54,936,321
99$80,711,601$0$0$60,451,974
100$88,820,426$0$0$66,527,455