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%16.7%
1 years$55,245$54,753$54,273$53,805$53,347$51,889
2 years$27,349$26,840$26,346$25,868$25,403$23,945
3 years$18,052$17,540$17,048$16,574$16,117$14,704
4 years$13,404$12,894$12,406$11,940$11,495$10,138
5 years$10,616$10,109$9,628$9,171$8,738$7,441
6 years$8,758$8,255$7,781$7,334$6,914$5,679
7 years$7,431$6,932$6,466$6,030$5,623$4,449
8 years$6,437$5,942$5,484$5,058$4,665$3,551
9 years$5,664$5,174$4,723$4,309$3,929$2,875
10 years$5,045$4,560$4,118$3,714$3,347$2,352
11 years$4,540$4,060$3,625$3,232$2,879$1,940
12 years$4,119$3,644$3,217$2,835$2,495$1,611
13 years$3,763$3,293$2,874$2,503$2,175$1,344
14 years$3,458$2,993$2,583$2,222$1,907$1,127
15 years$3,195$2,734$2,332$1,982$1,679$948
16 years$2,964$2,509$2,114$1,774$1,484$800
17 years$2,761$2,311$1,924$1,594$1,316$676
18 years$2,580$2,135$1,756$1,437$1,170$573
19 years$2,419$1,979$1,608$1,298$1,043$487
20 years$2,274$1,839$1,475$1,176$931$414
21 years$2,143$1,713$1,357$1,067$834$352
22 years$2,024$1,599$1,251$970$747$300
23 years$1,915$1,495$1,155$884$671$256
24 years$1,816$1,401$1,068$806$603$218
25 years$1,725$1,315$989$736$542$186
26 years$1,641$1,236$917$673$489$159
27 years$1,563$1,163$852$616$441$136
28 years$1,491$1,096$792$564$397$116
29 years$1,424$1,034$737$518$359$99
30 years$1,362$976$686$475$324$85
31 years$1,304$923$640$436$293$73
32 years$1,249$873$597$401$265$62
33 years$1,198$827$558$369$240$53
34 years$1,150$784$521$339$217$46
35 years$1,105$743$487$312$197$39
36 years$1,063$706$456$288$178$33
37 years$1,022$670$426$265$162$29
38 years$985$637$399$244$147$25
39 years$949$606$374$225$133$21
40 years$915$576$351$208$121$18
41 years$882$548$329$192$109$15
42 years$852$522$308$177$99$13
43 years$823$498$289$163$90$11
44 years$795$474$272$151$82$10
45 years$768$452$255$139$74$8
46 years$743$432$240$129$67$7
47 years$719$412$225$119$61$6
48 years$696$393$212$110$56$5
49 years$674$375$199$101$50$4
50 years$653$359$187$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $669,000, adding $5,797 every year, while hoping to spend $55,915 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: 61/28/11 Blend
44$669,000$669,000$669,000$669,000
45$743,218$707,761$697,391$786,296
46$759,533$682,948$661,261$791,081
47$775,638$655,045$622,046$789,403
48$791,453$623,842$579,584$786,195
49$806,887$589,116$533,706$781,314
50$821,838$550,632$484,234$774,601
51$836,193$508,140$430,983$765,885
52$849,824$461,378$373,760$754,982
53$862,588$410,068$312,363$741,691
54$874,325$353,914$246,581$725,794
55$884,858$292,608$176,193$707,057
56$893,988$225,820$100,969$685,222
57$901,493$153,204$20,671$660,014
58$907,128$74,393$0$631,129
59$910,619$0$0$605,873
60$911,661$0$0$582,733
61$909,917$0$0$580,612
62$905,010$0$0$576,336
63$896,525$0$0$569,623
64$884,000$0$0$560,162
65$866,921$0$0$547,609
66$844,723$0$0$531,579
67$816,775$0$0$511,650
68$782,383$0$0$487,352
69$740,774$0$0$458,167
70$691,098$0$0$423,520
71$632,409$0$0$382,775
72$563,665$0$0$335,230
73$483,711$0$0$280,108
74$391,273$0$0$216,550
75$284,940$0$0$143,607
76$163,154$0$0$60,230
77$24,195$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0