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%15.7%
1 years$54,585$54,099$53,624$53,161$52,709$51,477
2 years$27,022$26,519$26,031$25,558$25,100$23,865
3 years$17,836$17,330$16,844$16,375$15,924$14,726
4 years$13,244$12,740$12,258$11,798$11,357$10,205
5 years$10,489$9,988$9,513$9,062$8,634$7,530
6 years$8,653$8,156$7,688$7,247$6,831$5,778
7 years$7,342$6,849$6,389$5,958$5,556$4,552
8 years$6,360$5,871$5,418$4,998$4,609$3,655
9 years$5,596$5,112$4,666$4,257$3,882$2,976
10 years$4,985$4,506$4,068$3,670$3,307$2,450
11 years$4,486$4,011$3,582$3,194$2,844$2,034
12 years$4,070$3,600$3,179$2,801$2,465$1,700
13 years$3,718$3,254$2,840$2,473$2,149$1,428
14 years$3,417$2,958$2,552$2,195$1,884$1,206
15 years$3,156$2,702$2,304$1,958$1,659$1,021
16 years$2,928$2,479$2,089$1,753$1,466$868
17 years$2,728$2,283$1,901$1,575$1,300$739
18 years$2,549$2,109$1,735$1,420$1,156$631
19 years$2,390$1,955$1,588$1,283$1,030$540
20 years$2,247$1,817$1,458$1,162$920$462
21 years$2,117$1,692$1,341$1,054$824$397
22 years$2,000$1,580$1,236$959$738$340
23 years$1,892$1,477$1,141$873$663$293
24 years$1,794$1,384$1,055$796$596$252
25 years$1,704$1,299$977$727$536$217
26 years$1,621$1,221$906$665$483$187
27 years$1,544$1,149$842$609$435$161
28 years$1,473$1,083$783$558$393$139
29 years$1,407$1,021$728$511$355$119
30 years$1,346$965$678$469$320$103
31 years$1,288$912$632$431$290$89
32 years$1,234$863$590$396$262$77
33 years$1,184$817$551$364$237$66
34 years$1,136$774$515$335$215$57
35 years$1,092$735$481$309$194$49
36 years$1,050$697$450$284$176$43
37 years$1,010$662$421$262$160$37
38 years$973$629$395$241$145$32
39 years$937$598$370$222$131$27
40 years$904$569$346$205$119$24
41 years$872$542$325$189$108$21
42 years$842$516$305$175$98$18
43 years$813$492$286$161$89$15
44 years$785$469$268$149$81$13
45 years$759$447$252$138$73$11
46 years$734$426$237$127$67$10
47 years$711$407$222$117$60$9
48 years$688$388$209$108$55$7
49 years$666$371$196$100$50$6
50 years$645$354$185$93$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $661,000, adding $5,398 every year, while hoping to spend $50,257 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: 80/12/8 Blend
44$661,000$661,000$661,000$661,000
45$733,990$698,957$688,712$791,511
46$755,384$679,733$658,310$810,762
47$777,276$657,882$625,206$824,726
48$799,663$633,224$589,256$838,542
49$822,541$605,564$550,309$852,172
50$845,905$574,701$508,208$865,570
51$869,744$540,419$462,791$878,688
52$894,049$502,490$413,885$891,474
53$918,803$460,674$361,311$903,870
54$943,990$414,715$304,884$915,813
55$969,587$364,346$244,407$927,233
56$995,568$309,283$179,678$938,055
57$1,021,902$249,224$110,484$948,198
58$1,048,554$183,853$36,602$957,569
59$1,075,479$112,835$0$966,073
60$1,102,631$35,816$0$977,205
61$1,129,951$0$0$990,813
62$1,157,376$0$0$1,009,944
63$1,184,832$0$0$1,033,821
64$1,212,234$0$0$1,057,641
65$1,239,488$0$0$1,081,320
66$1,266,486$0$0$1,104,761
67$1,293,104$0$0$1,127,858
68$1,319,208$0$0$1,150,488
69$1,344,641$0$0$1,172,515
70$1,369,231$0$0$1,193,787
71$1,392,784$0$0$1,214,131
72$1,415,082$0$0$1,233,356
73$1,435,881$0$0$1,251,246
74$1,454,910$0$0$1,267,561
75$1,471,866$0$0$1,282,034
76$1,486,412$0$0$1,294,367
77$1,498,170$0$0$1,304,227
78$1,506,721$0$0$1,311,245
79$1,511,601$0$0$1,315,009
80$1,512,292$0$0$1,315,063
81$1,508,217$0$0$1,310,898
82$1,498,740$0$0$1,301,952
83$1,483,151$0$0$1,287,601
84$1,460,666$0$0$1,267,149
85$1,430,414$0$0$1,239,831
86$1,391,430$0$0$1,204,794
87$1,342,646$0$0$1,161,097
88$1,282,879$0$0$1,107,694
89$1,210,818$0$0$1,043,432
90$1,125,016$0$0$967,032
91$1,023,869$0$0$877,080
92$905,604$0$0$772,012
93$768,260$0$0$650,100
94$609,672$0$0$509,432
95$427,444$0$0$347,896
96$218,929$0$0$163,158
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0