Can I retire at age 45 with 670,000?

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 $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%13.5%
1 years$55,328$54,835$54,354$53,885$53,427$52,650
2 years$27,390$26,880$26,386$25,906$25,441$24,660
3 years$18,079$17,566$17,073$16,598$16,141$15,380
4 years$13,424$12,913$12,425$11,958$11,512$10,777
5 years$10,632$10,124$9,642$9,185$8,751$8,044
6 years$8,771$8,267$7,792$7,345$6,924$6,247
7 years$7,442$6,943$6,476$6,039$5,631$4,983
8 years$6,446$5,951$5,492$5,066$4,672$4,052
9 years$5,672$5,182$4,730$4,315$3,934$3,344
10 years$5,053$4,567$4,124$3,720$3,352$2,790
11 years$4,547$4,066$3,630$3,237$2,883$2,348
12 years$4,125$3,649$3,222$2,839$2,498$1,991
13 years$3,769$3,298$2,879$2,507$2,179$1,697
14 years$3,464$2,998$2,586$2,225$1,910$1,454
15 years$3,199$2,739$2,335$1,985$1,682$1,251
16 years$2,968$2,513$2,117$1,777$1,486$1,079
17 years$2,765$2,314$1,927$1,597$1,318$934
18 years$2,584$2,138$1,759$1,439$1,172$810
19 years$2,422$1,982$1,610$1,300$1,044$704
20 years$2,277$1,841$1,478$1,178$933$613
21 years$2,146$1,715$1,359$1,069$835$535
22 years$2,027$1,601$1,253$972$748$467
23 years$1,918$1,497$1,157$885$672$408
24 years$1,819$1,403$1,070$807$604$357
25 years$1,727$1,317$991$737$543$313
26 years$1,643$1,237$919$674$489$274
27 years$1,565$1,165$853$617$441$241
28 years$1,493$1,097$793$565$398$211
29 years$1,426$1,035$738$518$359$185
30 years$1,364$978$688$476$325$163
31 years$1,306$924$641$437$294$143
32 years$1,251$875$598$401$266$126
33 years$1,200$828$558$369$240$111
34 years$1,152$785$522$340$218$97
35 years$1,107$745$488$313$197$86
36 years$1,064$707$456$288$179$75
37 years$1,024$671$427$265$162$66
38 years$986$638$400$245$147$58
39 years$950$607$375$226$133$51
40 years$916$577$351$208$121$45
41 years$884$549$329$192$110$40
42 years$853$523$309$177$99$35
43 years$824$498$290$163$90$31
44 years$796$475$272$151$82$27
45 years$770$453$255$139$74$24
46 years$744$432$240$129$67$21
47 years$720$412$225$119$61$19
48 years$697$394$212$110$56$16
49 years$675$376$199$102$51$14
50 years$654$359$187$94$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $670,000, adding $3,045 every year, while hoping to spend $27,440 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: 72/6/22 Blend
44$670,000$670,000$670,000$670,000
45$741,481$705,971$695,586$790,647
46$787,916$711,368$689,692$829,198
47$838,168$716,109$682,681$867,851
48$892,597$720,134$674,487$909,507
49$951,599$723,378$665,039$954,459
50$1,015,610$725,771$654,266$1,003,034
51$1,085,109$727,241$642,091$1,055,589
52$1,160,622$727,708$628,433$1,112,518
53$1,242,731$727,091$613,211$1,174,259
54$1,332,072$725,301$596,336$1,241,292
55$1,429,347$722,244$577,717$1,314,147
56$1,535,328$717,822$557,258$1,393,409
57$1,650,866$711,929$534,860$1,479,722
58$1,776,894$704,454$510,418$1,573,799
59$1,914,443$695,278$483,823$1,676,423
60$2,064,646$684,276$454,961$1,788,460
61$2,228,750$671,316$423,712$1,910,865
62$2,408,128$656,256$389,952$2,044,689
63$2,604,291$638,947$353,550$2,191,094
64$2,818,906$619,232$314,370$2,351,359
65$3,053,804$596,944$272,271$2,526,896
66$3,311,003$571,906$227,104$2,719,261
67$3,592,727$543,931$178,713$2,930,172
68$3,901,423$512,821$126,938$3,161,521
69$4,239,786$478,367$71,608$3,415,396
70$4,610,785$440,348$12,548$3,694,097
71$5,017,691$398,530$0$4,000,164
72$5,464,103$352,667$0$4,348,244
73$5,953,990$302,496$0$4,733,486
74$6,491,721$247,742$0$5,156,392
75$7,082,109$188,113$0$5,620,761
76$7,730,455$123,302$0$6,130,781
77$8,442,601$52,984$0$6,691,065
78$9,224,981$0$0$7,306,697
79$10,084,682$0$0$7,984,808
80$11,029,513$0$0$8,733,946
81$12,068,077$0$0$9,557,439
82$13,209,852$0$0$10,462,806
83$14,465,279$0$0$11,458,332
84$15,845,862$0$0$12,553,143
85$17,364,276$0$0$13,757,296
86$19,034,485$0$0$15,081,871
87$20,871,877$0$0$16,539,073
88$22,893,401$0$0$18,142,355
89$25,117,739$0$0$19,906,534
90$27,565,468$0$0$21,847,940
91$30,259,267$0$0$23,984,563
92$33,224,119$0$0$26,336,229
93$36,487,557$0$0$28,924,780
94$40,079,914$0$0$31,774,283
95$44,034,616$0$0$34,911,261
96$48,388,495$0$0$38,364,934
97$53,182,132$0$0$42,167,502
98$58,460,249$0$0$46,354,447
99$64,272,119$0$0$50,964,864
100$70,672,042$0$0$56,041,836