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%13.1%
1 years$54,502$54,017$53,543$53,081$52,629$51,950
2 years$26,981$26,479$25,992$25,520$25,062$24,378
3 years$17,809$17,304$16,818$16,351$15,900$15,234
4 years$13,224$12,720$12,239$11,780$11,340$10,696
5 years$10,473$9,973$9,498$9,048$8,621$8,001
6 years$8,640$8,144$7,676$7,236$6,821$6,226
7 years$7,331$6,839$6,379$5,949$5,547$4,978
8 years$6,350$5,862$5,410$4,990$4,602$4,057
9 years$5,587$5,104$4,659$4,251$3,876$3,356
10 years$4,977$4,499$4,062$3,664$3,302$2,807
11 years$4,479$4,005$3,576$3,189$2,840$2,368
12 years$4,064$3,595$3,174$2,797$2,461$2,013
13 years$3,713$3,249$2,836$2,469$2,146$1,721
14 years$3,412$2,953$2,548$2,192$1,881$1,478
15 years$3,152$2,698$2,300$1,955$1,656$1,275
16 years$2,924$2,475$2,086$1,750$1,464$1,103
17 years$2,723$2,279$1,898$1,573$1,298$958
18 years$2,545$2,106$1,732$1,417$1,154$833
19 years$2,386$1,952$1,586$1,281$1,029$726
20 years$2,243$1,814$1,456$1,160$919$634
21 years$2,114$1,690$1,339$1,053$822$555
22 years$1,996$1,577$1,234$957$737$486
23 years$1,889$1,475$1,139$872$662$426
24 years$1,792$1,382$1,054$795$595$374
25 years$1,702$1,297$976$726$535$329
26 years$1,619$1,219$905$664$482$289
27 years$1,542$1,147$840$608$435$254
28 years$1,471$1,081$781$557$392$224
29 years$1,405$1,020$727$511$354$197
30 years$1,343$963$677$469$320$174
31 years$1,286$910$631$430$289$153
32 years$1,232$861$589$395$262$135
33 years$1,182$816$550$364$237$119
34 years$1,135$773$514$335$214$105
35 years$1,090$733$480$308$194$93
36 years$1,048$696$449$284$176$82
37 years$1,009$661$421$261$159$72
38 years$971$628$394$241$145$64
39 years$936$597$369$222$131$56
40 years$902$568$346$205$119$50
41 years$871$541$324$189$108$44
42 years$840$515$304$174$98$39
43 years$812$491$286$161$89$34
44 years$784$468$268$149$81$30
45 years$758$446$252$137$73$27
46 years$733$426$236$127$66$24
47 years$710$406$222$117$60$21
48 years$687$388$209$108$55$19
49 years$665$370$196$100$50$16
50 years$644$354$184$93$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $660,000, adding $5,186 every year, while hoping to spend $47,285 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: 70/25/5 Blend
44$660,000$660,000$660,000$660,000
45$732,669$697,689$687,459$783,218
46$757,091$681,565$660,178$801,168
47$782,418$663,066$630,399$814,451
48$808,695$642,026$597,987$827,667
49$835,965$618,269$562,803$840,799
50$864,277$591,608$524,701$853,827
51$893,684$561,847$483,528$866,731
52$924,239$528,777$439,126$879,492
53$956,002$492,177$391,327$892,089
54$989,035$451,815$339,958$904,499
55$1,023,407$407,445$284,836$916,702
56$1,059,190$358,805$225,774$928,676
57$1,096,461$305,620$162,571$940,398
58$1,135,305$247,601$95,023$951,847
59$1,175,812$184,439$22,912$962,999
60$1,218,079$115,810$0$973,835
61$1,262,211$41,373$0$987,215
62$1,308,320$0$0$1,001,729
63$1,356,530$0$0$1,026,941
64$1,406,972$0$0$1,065,239
65$1,459,789$0$0$1,105,349
66$1,515,137$0$0$1,147,391
67$1,573,184$0$0$1,191,494
68$1,634,111$0$0$1,237,799
69$1,698,118$0$0$1,286,457
70$1,765,419$0$0$1,337,634
71$1,836,249$0$0$1,391,510
72$1,910,863$0$0$1,448,280
73$1,989,537$0$0$1,508,158
74$2,072,575$0$0$1,571,377
75$2,160,307$0$0$1,638,189
76$2,253,091$0$0$1,708,872
77$2,351,321$0$0$1,783,728
78$2,455,425$0$0$1,863,087
79$2,565,872$0$0$1,947,308
80$2,683,175$0$0$2,036,788
81$2,807,894$0$0$2,131,956
82$2,940,641$0$0$2,233,284
83$3,082,088$0$0$2,341,290
84$3,232,971$0$0$2,456,540
85$3,394,093$0$0$2,579,652
86$3,566,338$0$0$2,711,308
87$3,750,673$0$0$2,852,251
88$3,948,157$0$0$3,003,298
89$4,159,954$0$0$3,165,346
90$4,387,342$0$0$3,339,377
91$4,631,719$0$0$3,526,472
92$4,894,624$0$0$3,727,814
93$5,177,745$0$0$3,944,705
94$5,482,937$0$0$4,178,574
95$5,812,235$0$0$4,430,989
96$6,167,879$0$0$4,703,677
97$6,552,325$0$0$4,998,531
98$6,968,279$0$0$5,317,635
99$7,418,709$0$0$5,663,280
100$7,906,882$0$0$6,037,982