Can I retire at age 45 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$55,080$54,590$54,111$53,644$53,188$51,881
2 years$27,267$26,760$26,267$25,790$25,327$24,019
3 years$17,998$17,488$16,997$16,524$16,069$14,799
4 years$13,364$12,855$12,369$11,905$11,460$10,240
5 years$10,584$10,079$9,599$9,144$8,712$7,544
6 years$8,732$8,230$7,757$7,312$6,893$5,779
7 years$7,409$6,912$6,447$6,012$5,606$4,545
8 years$6,417$5,924$5,467$5,043$4,651$3,643
9 years$5,647$5,158$4,709$4,296$3,917$2,961
10 years$5,030$4,547$4,105$3,703$3,337$2,433
11 years$4,526$4,048$3,614$3,223$2,870$2,016
12 years$4,107$3,633$3,208$2,827$2,487$1,682
13 years$3,752$3,283$2,866$2,496$2,169$1,410
14 years$3,448$2,984$2,575$2,215$1,901$1,188
15 years$3,185$2,726$2,325$1,976$1,674$1,004
16 years$2,955$2,501$2,108$1,769$1,479$852
17 years$2,752$2,304$1,918$1,589$1,312$724
18 years$2,572$2,129$1,751$1,432$1,166$617
19 years$2,412$1,973$1,603$1,294$1,040$526
20 years$2,267$1,833$1,471$1,172$929$450
21 years$2,136$1,708$1,353$1,064$831$385
22 years$2,018$1,594$1,247$967$745$330
23 years$1,910$1,491$1,151$881$669$283
24 years$1,811$1,397$1,065$803$601$242
25 years$1,720$1,311$986$734$541$208
26 years$1,636$1,232$915$671$487$179
27 years$1,558$1,159$849$614$439$154
28 years$1,487$1,093$790$563$396$132
29 years$1,420$1,031$735$516$358$114
30 years$1,358$973$684$474$323$98
31 years$1,300$920$638$435$292$84
32 years$1,245$871$595$400$264$72
33 years$1,194$824$556$368$239$62
34 years$1,147$781$519$338$217$54
35 years$1,102$741$486$311$196$46
36 years$1,059$703$454$287$178$40
37 years$1,019$668$425$264$161$34
38 years$982$635$398$243$146$30
39 years$946$604$373$225$132$26
40 years$912$574$350$207$120$22
41 years$880$547$328$191$109$19
42 years$849$521$308$176$99$16
43 years$820$496$289$163$90$14
44 years$792$473$271$150$81$12
45 years$766$451$254$139$74$10
46 years$741$430$239$128$67$9
47 years$717$411$224$118$61$8
48 years$694$392$211$109$55$7
49 years$672$374$198$101$50$6
50 years$651$358$186$93$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $667,000, adding $6,330 every year, while hoping to spend $45,649 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: 68/18/14 Blend
44$667,000$667,000$667,000$667,000
45$741,563$706,212$695,874$789,190
46$768,633$692,247$670,615$807,749
47$796,933$676,067$642,981$822,029
48$826,542$657,516$612,843$836,484
49$857,543$636,428$580,067$851,126
50$890,027$612,627$544,514$865,969
51$924,093$585,929$506,037$881,032
52$959,846$556,135$464,486$896,334
53$997,404$523,039$419,699$911,902
54$1,036,891$486,420$371,511$927,763
55$1,078,445$446,046$319,748$943,952
56$1,122,216$401,671$264,229$960,507
57$1,168,364$353,036$204,763$977,474
58$1,217,068$299,865$141,153$994,906
59$1,268,520$241,869$73,193$1,012,862
60$1,322,930$178,742$666$1,031,411
61$1,380,528$110,160$0$1,050,631
62$1,441,565$35,781$0$1,082,075
63$1,506,315$0$0$1,115,234
64$1,575,077$0$0$1,159,025
65$1,648,179$0$0$1,213,134
66$1,725,979$0$0$1,270,743
67$1,808,870$0$0$1,332,146
68$1,897,282$0$0$1,397,662
69$1,991,684$0$0$1,467,645
70$2,092,593$0$0$1,542,480
71$2,200,575$0$0$1,622,589
72$2,316,248$0$0$1,708,438
73$2,440,294$0$0$1,800,534
74$2,573,457$0$0$1,899,435
75$2,716,557$0$0$2,005,755
76$2,870,492$0$0$2,120,165
77$3,036,250$0$0$2,243,405
78$3,214,913$0$0$2,376,285
79$3,407,672$0$0$2,519,696
80$3,615,835$0$0$2,674,618
81$3,840,839$0$0$2,842,126
82$4,084,263$0$0$3,023,403
83$4,347,844$0$0$3,219,749
84$4,633,490$0$0$3,432,593
85$4,943,300$0$0$3,663,506
86$5,279,583$0$0$3,914,217
87$5,644,876$0$0$4,186,628
88$6,041,973$0$0$4,482,828
89$6,473,945$0$0$4,805,120
90$6,944,173$0$0$5,156,035
91$7,456,375$0$0$5,538,358
92$8,014,644$0$0$5,955,154
93$8,623,486$0$0$6,409,798
94$9,287,856$0$0$6,906,004
95$10,013,213$0$0$7,447,858
96$10,805,562$0$0$8,039,860
97$11,671,519$0$0$8,686,965
98$12,618,362$0$0$9,394,627
99$13,654,108$0$0$10,168,849
100$14,787,583$0$0$11,016,246