Can I retire at age 45 with 661,000?

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 $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%12.6%
1 years$54,585$54,099$53,624$53,161$52,709$52,137
2 years$27,022$26,519$26,031$25,558$25,100$24,523
3 years$17,836$17,330$16,844$16,375$15,924$15,362
4 years$13,244$12,740$12,258$11,798$11,357$10,813
5 years$10,489$9,988$9,513$9,062$8,634$8,110
6 years$8,653$8,156$7,688$7,247$6,831$6,328
7 years$7,342$6,849$6,389$5,958$5,556$5,073
8 years$6,360$5,871$5,418$4,998$4,609$4,147
9 years$5,596$5,112$4,666$4,257$3,882$3,440
10 years$4,985$4,506$4,068$3,670$3,307$2,886
11 years$4,486$4,011$3,582$3,194$2,844$2,443
12 years$4,070$3,600$3,179$2,801$2,465$2,083
13 years$3,718$3,254$2,840$2,473$2,149$1,786
14 years$3,417$2,958$2,552$2,195$1,884$1,540
15 years$3,156$2,702$2,304$1,958$1,659$1,332
16 years$2,928$2,479$2,089$1,753$1,466$1,157
17 years$2,728$2,283$1,901$1,575$1,300$1,008
18 years$2,549$2,109$1,735$1,420$1,156$880
19 years$2,390$1,955$1,588$1,283$1,030$770
20 years$2,247$1,817$1,458$1,162$920$675
21 years$2,117$1,692$1,341$1,054$824$593
22 years$2,000$1,580$1,236$959$738$521
23 years$1,892$1,477$1,141$873$663$459
24 years$1,794$1,384$1,055$796$596$404
25 years$1,704$1,299$977$727$536$356
26 years$1,621$1,221$906$665$483$315
27 years$1,544$1,149$842$609$435$278
28 years$1,473$1,083$783$558$393$246
29 years$1,407$1,021$728$511$355$217
30 years$1,346$965$678$469$320$192
31 years$1,288$912$632$431$290$170
32 years$1,234$863$590$396$262$151
33 years$1,184$817$551$364$237$134
34 years$1,136$774$515$335$215$118
35 years$1,092$735$481$309$194$105
36 years$1,050$697$450$284$176$93
37 years$1,010$662$421$262$160$82
38 years$973$629$395$241$145$73
39 years$937$598$370$222$131$65
40 years$904$569$346$205$119$58
41 years$872$542$325$189$108$51
42 years$842$516$305$175$98$45
43 years$813$492$286$161$89$40
44 years$785$469$268$149$81$36
45 years$759$447$252$138$73$32
46 years$734$426$237$127$67$28
47 years$711$407$222$117$60$25
48 years$688$388$209$108$55$22
49 years$666$371$196$100$50$20
50 years$645$354$185$93$45$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $661,000, adding $2,463 every year, while hoping to spend $35,275 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: 66/25/9 Blend
44$661,000$661,000$661,000$661,000
45$730,963$695,930$685,684$777,720
46$767,988$692,498$671,122$805,705
47$807,609$687,716$654,890$831,855
48$850,051$681,480$636,895$859,516
49$895,564$673,680$617,039$888,830
50$944,422$664,201$595,220$919,957
51$996,925$652,919$571,332$953,073
52$1,053,402$639,703$545,263$988,374
53$1,114,217$624,416$516,897$1,026,076
54$1,179,765$606,911$486,111$1,066,417
55$1,250,485$587,032$452,779$1,109,665
56$1,326,854$564,617$416,767$1,156,111
57$1,409,402$539,492$377,937$1,206,081
58$1,498,706$511,472$336,143$1,259,936
59$1,595,404$480,364$291,234$1,318,072
60$1,700,195$445,962$243,051$1,380,932
61$1,813,851$408,050$191,428$1,449,002
62$1,937,216$366,397$136,194$1,522,823
63$2,071,223$320,762$77,168$1,602,991
64$2,216,896$270,887$14,161$1,690,167
65$2,375,361$216,502$0$1,785,081
66$2,547,858$157,321$0$1,893,638
67$2,735,752$93,042$0$2,013,417
68$2,940,543$23,345$0$2,144,064
69$3,163,884$0$0$2,286,693
70$3,407,593$0$0$2,456,867
71$3,673,672$0$0$2,649,713
72$3,964,323$0$0$2,860,409
73$4,281,973$0$0$3,090,720
74$4,629,292$0$0$3,342,587
75$5,009,219$0$0$3,618,148
76$5,424,994$0$0$3,919,756
77$5,880,179$0$0$4,250,005
78$6,378,701$0$0$4,611,747
79$6,924,883$0$0$5,008,126
80$7,523,486$0$0$5,442,604
81$8,179,752$0$0$5,918,995
82$8,899,457$0$0$6,441,496
83$9,688,961$0$0$7,014,733
84$10,555,269$0$0$7,643,801
85$11,506,100$0$0$8,334,311
86$12,549,952$0$0$9,092,445
87$13,696,189$0$0$9,925,012
88$14,955,126$0$0$10,839,512
89$16,338,125$0$0$11,844,209
90$17,857,703$0$0$12,948,205
91$19,527,651$0$0$14,161,530
92$21,363,161$0$0$15,495,231
93$23,380,968$0$0$16,961,480
94$25,599,513$0$0$18,573,687
95$28,039,110$0$0$20,346,627
96$30,722,143$0$0$22,296,576
97$33,673,270$0$0$24,441,470
98$36,919,663$0$0$26,801,069
99$40,491,258$0$0$29,397,144
100$44,421,037$0$0$32,253,683