Can I retire at age 45 with 660,000?

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 $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%14.7%
1 years$54,502$54,017$53,543$53,081$52,629$51,609
2 years$26,981$26,479$25,992$25,520$25,062$24,038
3 years$17,809$17,304$16,818$16,351$15,900$14,905
4 years$13,224$12,720$12,239$11,780$11,340$10,381
5 years$10,473$9,973$9,498$9,048$8,621$7,700
6 years$8,640$8,144$7,676$7,236$6,821$5,940
7 years$7,331$6,839$6,379$5,949$5,547$4,707
8 years$6,350$5,862$5,410$4,990$4,602$3,801
9 years$5,587$5,104$4,659$4,251$3,876$3,114
10 years$4,977$4,499$4,062$3,664$3,302$2,579
11 years$4,479$4,005$3,576$3,189$2,840$2,155
12 years$4,064$3,595$3,174$2,797$2,461$1,813
13 years$3,713$3,249$2,836$2,469$2,146$1,533
14 years$3,412$2,953$2,548$2,192$1,881$1,303
15 years$3,152$2,698$2,300$1,955$1,656$1,112
16 years$2,924$2,475$2,086$1,750$1,464$951
17 years$2,723$2,279$1,898$1,573$1,298$816
18 years$2,545$2,106$1,732$1,417$1,154$702
19 years$2,386$1,952$1,586$1,281$1,029$605
20 years$2,243$1,814$1,456$1,160$919$522
21 years$2,114$1,690$1,339$1,053$822$451
22 years$1,996$1,577$1,234$957$737$390
23 years$1,889$1,475$1,139$872$662$338
24 years$1,792$1,382$1,054$795$595$293
25 years$1,702$1,297$976$726$535$254
26 years$1,619$1,219$905$664$482$221
27 years$1,542$1,147$840$608$435$192
28 years$1,471$1,081$781$557$392$167
29 years$1,405$1,020$727$511$354$145
30 years$1,343$963$677$469$320$126
31 years$1,286$910$631$430$289$110
32 years$1,232$861$589$395$262$95
33 years$1,182$816$550$364$237$83
34 years$1,135$773$514$335$214$72
35 years$1,090$733$480$308$194$63
36 years$1,048$696$449$284$176$55
37 years$1,009$661$421$261$159$48
38 years$971$628$394$241$145$42
39 years$936$597$369$222$131$36
40 years$902$568$346$205$119$32
41 years$871$541$324$189$108$28
42 years$840$515$304$174$98$24
43 years$812$491$286$161$89$21
44 years$784$468$268$149$81$18
45 years$758$446$252$137$73$16
46 years$733$426$236$127$66$14
47 years$710$406$222$117$60$12
48 years$687$388$209$108$55$11
49 years$665$370$196$100$50$9
50 years$644$354$184$93$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $660,000, adding $5,512 every year, while hoping to spend $31,108 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: 63/9/28 Blend
44$660,000$660,000$660,000$660,000
45$733,006$698,026$687,796$773,388
46$774,674$699,130$677,738$802,537
47$819,549$699,246$666,301$830,475
48$867,926$698,293$653,405$860,323
49$920,129$696,183$638,968$892,275
50$976,511$692,826$622,904$926,543
51$1,037,465$688,123$605,120$963,363
52$1,103,418$681,973$585,524$1,002,995
53$1,174,843$674,266$564,015$1,045,728
54$1,252,258$664,886$540,490$1,091,882
55$1,336,232$653,709$514,841$1,141,809
56$1,427,394$640,607$486,954$1,195,900
57$1,526,433$625,441$456,711$1,254,586
58$1,634,107$608,066$423,989$1,318,344
59$1,751,251$588,326$388,658$1,387,703
60$1,878,783$566,059$350,582$1,463,245
61$2,017,714$541,091$309,622$1,545,615
62$2,169,156$513,240$265,630$1,635,524
63$2,334,333$482,311$218,451$1,733,761
64$2,514,591$448,101$167,925$1,841,194
65$2,711,413$410,392$113,885$1,958,784
66$2,926,432$368,956$56,155$2,087,592
67$3,161,444$323,551$0$2,228,789
68$3,418,428$273,921$0$2,385,300
69$3,699,561$219,797$0$2,574,933
70$4,007,242$160,892$0$2,782,533
71$4,344,111$96,907$0$3,009,904
72$4,713,078$27,523$0$3,259,033
73$5,117,344$0$0$3,532,114
74$5,560,436$0$0$3,836,273
75$6,046,239$0$0$4,172,787
76$6,579,031$0$0$4,541,899
77$7,163,525$0$0$4,946,881
78$7,804,909$0$0$5,391,335
79$8,508,903$0$0$5,879,230
80$9,281,802$0$0$6,414,936
81$10,130,544$0$0$7,003,268
82$11,062,771$0$0$7,649,532
83$12,086,900$0$0$8,359,571
84$13,212,206$0$0$9,139,822
85$14,448,906$0$0$9,997,377
86$15,808,253$0$0$10,940,049
87$17,302,650$0$0$11,976,447
88$18,945,756$0$0$13,116,053
89$20,752,624$0$0$14,369,316
90$22,739,836$0$0$15,747,748
91$24,925,663$0$0$17,264,032
92$27,330,234$0$0$18,932,143
93$29,975,729$0$0$20,767,477
94$32,886,586$0$0$22,786,999
95$36,089,730$0$0$25,009,402
96$39,614,830$0$0$27,455,280
97$43,494,574$0$0$30,147,328
98$47,764,981$0$0$33,110,551
99$52,465,740$0$0$36,372,501
100$57,640,581$0$0$39,963,536