Can I retire at age 45 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$54,585$54,099$53,624$53,161$52,709$50,718
2 years$27,022$26,519$26,031$25,558$25,100$23,117
3 years$17,836$17,330$16,844$16,375$15,924$14,012
4 years$13,244$12,740$12,258$11,798$11,357$9,530
5 years$10,489$9,988$9,513$9,062$8,634$6,896
6 years$8,653$8,156$7,688$7,247$6,831$5,185
7 years$7,342$6,849$6,389$5,958$5,556$4,000
8 years$6,360$5,871$5,418$4,998$4,609$3,143
9 years$5,596$5,112$4,666$4,257$3,882$2,502
10 years$4,985$4,506$4,068$3,670$3,307$2,013
11 years$4,486$4,011$3,582$3,194$2,844$1,631
12 years$4,070$3,600$3,179$2,801$2,465$1,330
13 years$3,718$3,254$2,840$2,473$2,149$1,090
14 years$3,417$2,958$2,552$2,195$1,884$897
15 years$3,156$2,702$2,304$1,958$1,659$740
16 years$2,928$2,479$2,089$1,753$1,466$613
17 years$2,728$2,283$1,901$1,575$1,300$508
18 years$2,549$2,109$1,735$1,420$1,156$422
19 years$2,390$1,955$1,588$1,283$1,030$351
20 years$2,247$1,817$1,458$1,162$920$292
21 years$2,117$1,692$1,341$1,054$824$243
22 years$2,000$1,580$1,236$959$738$203
23 years$1,892$1,477$1,141$873$663$170
24 years$1,794$1,384$1,055$796$596$142
25 years$1,704$1,299$977$727$536$118
26 years$1,621$1,221$906$665$483$99
27 years$1,544$1,149$842$609$435$83
28 years$1,473$1,083$783$558$393$69
29 years$1,407$1,021$728$511$355$58
30 years$1,346$965$678$469$320$48
31 years$1,288$912$632$431$290$41
32 years$1,234$863$590$396$262$34
33 years$1,184$817$551$364$237$28
34 years$1,136$774$515$335$215$24
35 years$1,092$735$481$309$194$20
36 years$1,050$697$450$284$176$17
37 years$1,010$662$421$262$160$14
38 years$973$629$395$241$145$12
39 years$937$598$370$222$131$10
40 years$904$569$346$205$119$8
41 years$872$542$325$189$108$7
42 years$842$516$305$175$98$6
43 years$813$492$286$161$89$5
44 years$785$469$268$149$81$4
45 years$759$447$252$138$73$3
46 years$734$426$237$127$67$3
47 years$711$407$222$117$60$2
48 years$688$388$209$108$55$2
49 years$666$371$196$100$50$2
50 years$645$354$185$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $661,000, adding $5,430 every year, while hoping to spend $20,136 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: 50/42/8 Blend
44$661,000$661,000$661,000$661,000
45$734,023$698,990$688,745$768,937
46$787,469$711,816$690,393$806,180
47$845,691$724,596$691,422$844,026
48$909,156$737,305$691,789$884,677
49$978,377$749,920$691,450$928,400
50$1,053,917$762,411$690,359$975,491
51$1,136,398$774,751$688,468$1,026,275
52$1,226,504$786,908$685,725$1,081,112
53$1,324,988$798,847$682,078$1,140,395
54$1,432,679$810,532$677,470$1,204,563
55$1,550,490$821,926$671,842$1,274,095
56$1,679,425$832,985$665,134$1,349,523
57$1,820,591$843,667$657,281$1,431,430
58$1,975,207$853,922$648,215$1,520,463
59$2,144,614$863,700$637,867$1,617,332
60$2,330,292$872,948$626,162$1,722,821
61$2,533,866$881,607$613,023$1,837,797
62$2,757,130$889,616$598,369$1,963,212
63$3,002,059$896,909$582,116$2,100,119
64$3,270,827$903,415$564,175$2,249,679
65$3,565,830$909,061$544,454$2,413,170
66$3,889,707$913,767$522,855$2,592,004
67$4,245,364$917,449$499,278$2,787,737
68$4,636,004$920,017$473,617$3,002,086
69$5,065,154$921,376$445,760$3,236,942
70$5,536,700$921,423$415,594$3,494,393
71$6,054,924$920,053$382,996$3,776,740
72$6,624,540$917,150$347,841$4,086,522
73$7,250,746$912,593$309,996$4,426,537
74$7,939,266$906,253$269,324$4,799,872
75$8,696,406$897,995$225,682$5,209,929
76$9,529,116$887,673$178,919$5,660,461
77$10,445,051$875,134$128,878$6,155,606
78$11,452,646$860,216$75,395$6,699,928
79$12,561,195$842,746$18,300$7,298,456
80$13,780,939$822,542$0$7,956,739
81$15,123,159$799,411$0$8,684,531
82$16,600,287$773,148$0$9,486,840
83$18,226,021$743,537$0$10,369,556
84$20,015,453$710,349$0$11,340,894
85$21,985,215$673,341$0$12,409,910
86$24,153,631$632,258$0$13,586,587
87$26,540,891$586,829$0$14,881,933
88$29,169,245$536,767$0$16,308,079
89$32,063,208$481,769$0$17,878,401
90$35,249,795$421,515$0$19,607,642
91$38,758,772$355,667$0$21,512,055
92$42,622,939$283,867$0$23,609,555
93$46,878,442$205,739$0$25,919,891
94$51,565,106$120,884$0$28,464,833
95$56,726,819$28,880$0$31,268,377
96$62,411,943$0$0$34,356,973
97$68,673,767$0$0$37,792,462
98$75,571,015$0$0$41,591,373
99$83,168,397$0$0$45,776,010
100$91,537,220$0$0$50,385,663