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%13.8%
1 years$55,163$54,671$54,192$53,724$53,267$52,428
2 years$27,308$26,800$26,307$25,829$25,365$24,522
3 years$18,025$17,514$17,022$16,549$16,093$15,272
4 years$13,384$12,875$12,388$11,923$11,478$10,685
5 years$10,600$10,094$9,613$9,158$8,725$7,963
6 years$8,745$8,242$7,769$7,323$6,904$6,173
7 years$7,420$6,922$6,456$6,021$5,615$4,916
8 years$6,427$5,933$5,475$5,051$4,658$3,991
9 years$5,655$5,166$4,716$4,302$3,923$3,287
10 years$5,038$4,554$4,111$3,709$3,342$2,738
11 years$4,533$4,054$3,620$3,228$2,874$2,300
12 years$4,113$3,639$3,212$2,831$2,491$1,946
13 years$3,758$3,288$2,870$2,499$2,172$1,656
14 years$3,453$2,989$2,579$2,219$1,904$1,416
15 years$3,190$2,730$2,328$1,979$1,677$1,215
16 years$2,959$2,505$2,111$1,772$1,482$1,047
17 years$2,756$2,307$1,921$1,592$1,314$904
18 years$2,576$2,132$1,753$1,435$1,168$782
19 years$2,415$1,976$1,605$1,296$1,041$679
20 years$2,270$1,836$1,473$1,174$930$590
21 years$2,139$1,710$1,355$1,065$832$513
22 years$2,021$1,596$1,249$969$746$447
23 years$1,912$1,493$1,153$882$670$390
24 years$1,813$1,399$1,066$805$602$340
25 years$1,722$1,313$988$735$542$297
26 years$1,638$1,234$916$672$488$260
27 years$1,561$1,161$851$615$440$228
28 years$1,489$1,094$791$564$397$199
29 years$1,422$1,032$736$517$358$174
30 years$1,360$975$685$474$324$153
31 years$1,302$922$639$436$293$134
32 years$1,247$872$596$400$265$117
33 years$1,196$826$557$368$240$103
34 years$1,148$783$520$339$217$90
35 years$1,103$742$486$312$197$79
36 years$1,061$705$455$287$178$70
37 years$1,021$669$426$265$161$61
38 years$983$636$399$244$146$54
39 years$947$605$374$225$133$47
40 years$913$575$350$207$120$41
41 years$881$548$328$191$109$36
42 years$850$522$308$177$99$32
43 years$821$497$289$163$90$28
44 years$794$474$271$151$82$25
45 years$767$452$255$139$74$22
46 years$742$431$239$128$67$19
47 years$718$411$225$119$61$17
48 years$695$393$211$110$55$15
49 years$673$375$199$101$50$13
50 years$652$358$187$94$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $668,000, adding $2,138 every year, while hoping to spend $40,363 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: 58/24/18 Blend
44$668,000$668,000$668,000$668,000
45$738,341$702,937$692,583$777,561
46$770,706$694,435$672,839$795,909
47$805,020$684,164$651,080$811,311
48$841,437$671,994$627,197$827,188
49$880,131$657,788$601,075$843,594
50$921,286$641,402$572,593$860,589
51$965,107$622,681$541,625$878,241
52$1,011,819$601,462$508,040$896,630
53$1,061,665$577,575$471,701$915,841
54$1,114,916$550,837$432,463$935,974
55$1,171,864$521,054$390,177$957,142
56$1,232,832$488,024$344,686$979,470
57$1,298,174$451,531$295,827$1,003,099
58$1,368,279$411,347$243,428$1,028,189
59$1,443,571$367,231$187,310$1,054,918
60$1,524,519$318,928$127,289$1,083,486
61$1,611,635$266,171$63,168$1,114,117
62$1,705,482$208,674$0$1,147,062
63$1,806,681$146,138$0$1,183,613
64$1,915,909$78,246$0$1,236,085
65$2,033,915$4,663$0$1,292,726
66$2,161,518$0$0$1,353,972
67$2,299,622$0$0$1,440,103
68$2,449,217$0$0$1,534,783
69$2,611,395$0$0$1,637,474
70$2,787,354$0$0$1,748,944
71$2,978,413$0$0$1,870,034
72$3,186,023$0$0$2,001,670
73$3,411,779$0$0$2,144,871
74$3,657,437$0$0$2,300,758
75$3,924,929$0$0$2,470,565
76$4,216,379$0$0$2,655,648
77$4,534,126$0$0$2,857,502
78$4,880,746$0$0$3,077,771
79$5,259,072$0$0$3,318,264
80$5,672,222$0$0$3,580,975
81$6,123,630$0$0$3,868,096
82$6,617,077$0$0$4,182,042
83$7,156,723$0$0$4,525,471
84$7,747,151$0$0$4,901,311
85$8,393,407$0$0$5,312,786
86$9,101,047$0$0$5,763,445
87$9,876,188$0$0$6,257,196
88$10,725,570$0$0$6,798,346
89$11,656,611$0$0$7,391,635
90$12,677,485$0$0$8,042,284
91$13,797,193$0$0$8,756,046
92$15,025,650$0$0$9,539,255
93$16,373,775$0$0$10,398,890
94$17,853,597$0$0$11,342,636
95$19,478,367$0$0$12,378,961
96$21,262,679$0$0$13,517,191
97$23,222,614$0$0$14,767,601
98$25,375,883$0$0$16,141,511
99$27,741,998$0$0$17,651,388
100$30,342,458$0$0$19,310,972