Can I retire at age 45 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$54,502$54,017$53,543$53,081$52,629$51,525
2 years$26,981$26,479$25,992$25,520$25,062$23,954
3 years$17,809$17,304$16,818$16,351$15,900$14,824
4 years$13,224$12,720$12,239$11,780$11,340$10,304
5 years$10,473$9,973$9,498$9,048$8,621$7,627
6 years$8,640$8,144$7,676$7,236$6,821$5,871
7 years$7,331$6,839$6,379$5,949$5,547$4,641
8 years$6,350$5,862$5,410$4,990$4,602$3,740
9 years$5,587$5,104$4,659$4,251$3,876$3,056
10 years$4,977$4,499$4,062$3,664$3,302$2,525
11 years$4,479$4,005$3,576$3,189$2,840$2,104
12 years$4,064$3,595$3,174$2,797$2,461$1,766
13 years$3,713$3,249$2,836$2,469$2,146$1,490
14 years$3,412$2,953$2,548$2,192$1,881$1,263
15 years$3,152$2,698$2,300$1,955$1,656$1,074
16 years$2,924$2,475$2,086$1,750$1,464$917
17 years$2,723$2,279$1,898$1,573$1,298$784
18 years$2,545$2,106$1,732$1,417$1,154$672
19 years$2,386$1,952$1,586$1,281$1,029$578
20 years$2,243$1,814$1,456$1,160$919$497
21 years$2,114$1,690$1,339$1,053$822$428
22 years$1,996$1,577$1,234$957$737$369
23 years$1,889$1,475$1,139$872$662$319
24 years$1,792$1,382$1,054$795$595$276
25 years$1,702$1,297$976$726$535$238
26 years$1,619$1,219$905$664$482$206
27 years$1,542$1,147$840$608$435$179
28 years$1,471$1,081$781$557$392$155
29 years$1,405$1,020$727$511$354$134
30 years$1,343$963$677$469$320$116
31 years$1,286$910$631$430$289$101
32 years$1,232$861$589$395$262$87
33 years$1,182$816$550$364$237$76
34 years$1,135$773$514$335$214$66
35 years$1,090$733$480$308$194$57
36 years$1,048$696$449$284$176$50
37 years$1,009$661$421$261$159$43
38 years$971$628$394$241$145$37
39 years$936$597$369$222$131$32
40 years$902$568$346$205$119$28
41 years$871$541$324$189$108$24
42 years$840$515$304$174$98$21
43 years$812$491$286$161$89$18
44 years$784$468$268$149$81$16
45 years$758$446$252$137$73$14
46 years$733$426$236$127$66$12
47 years$710$406$222$117$60$10
48 years$687$388$209$108$55$9
49 years$665$370$196$100$50$8
50 years$644$354$184$93$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $660,000, adding $5,522 every year, while hoping to spend $30,680 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: 31/40/29 Blend
44$660,000$660,000$660,000$660,000
45$733,016$698,036$687,806$749,107
46$775,140$699,596$678,204$763,611
47$820,533$700,205$667,252$776,154
48$869,495$699,783$654,873$789,058
49$922,357$698,246$640,985$802,376
50$979,483$695,505$625,503$816,170
51$1,041,272$691,466$608,339$830,509
52$1,108,162$686,028$589,399$845,475
53$1,180,636$679,086$568,585$861,158
54$1,259,225$670,525$545,797$877,662
55$1,344,512$660,227$520,928$895,103
56$1,437,140$648,065$493,866$913,615
57$1,537,813$633,906$464,495$933,349
58$1,647,308$617,606$432,695$954,472
59$1,766,481$599,015$398,337$977,176
60$1,896,269$577,974$361,289$1,001,676
61$2,037,709$554,316$321,412$1,028,213
62$2,191,939$527,860$278,563$1,057,057
63$2,360,211$498,420$232,589$1,088,513
64$2,543,904$465,794$183,333$1,122,920
65$2,744,538$429,773$130,629$1,160,659
66$2,963,782$390,134$74,307$1,202,157
67$3,203,477$346,639$14,185$1,247,889
68$3,465,649$299,042$0$1,298,386
69$3,752,528$247,078$0$1,369,706
70$4,066,570$190,469$0$1,452,735
71$4,410,480$128,922$0$1,543,879
72$4,787,237$62,126$0$1,644,026
73$5,200,119$0$0$1,754,158
74$5,652,739$0$0$1,879,872
75$6,149,077$0$0$2,047,818
76$6,693,513$0$0$2,232,144
77$7,290,874$0$0$2,434,498
78$7,946,477$0$0$2,656,695
79$8,666,178$0$0$2,900,732
80$9,456,426$0$0$3,168,813
81$10,324,328$0$0$3,463,362
82$11,277,712$0$0$3,787,053
83$12,325,200$0$0$4,142,828
84$13,476,293$0$0$4,533,932
85$14,741,455$0$0$4,963,936
86$16,132,218$0$0$5,436,780
87$17,661,283$0$0$5,956,798
88$19,342,645$0$0$6,528,770
89$21,191,723$0$0$7,157,962
90$23,225,506$0$0$7,850,174
91$25,462,709$0$0$8,611,798
92$27,923,956$0$0$9,449,875
93$30,631,967$0$0$10,372,167
94$33,611,779$0$0$11,387,221
95$36,890,974$0$0$12,504,460
96$40,499,947$0$0$13,734,263
97$44,472,188$0$0$15,088,068
98$48,844,596$0$0$16,578,478
99$53,657,832$0$0$18,219,380
100$58,956,697$0$0$20,026,075