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%13.6%
1 years$54,585$54,099$53,624$53,161$52,709$51,921
2 years$27,022$26,519$26,031$25,558$25,100$24,308
3 years$17,836$17,330$16,844$16,375$15,924$15,153
4 years$13,244$12,740$12,258$11,798$11,357$10,612
5 years$10,489$9,988$9,513$9,062$8,634$7,917
6 years$8,653$8,156$7,688$7,247$6,831$6,145
7 years$7,342$6,849$6,389$5,958$5,556$4,899
8 years$6,360$5,871$5,418$4,998$4,609$3,982
9 years$5,596$5,112$4,666$4,257$3,882$3,283
10 years$4,985$4,506$4,068$3,670$3,307$2,738
11 years$4,486$4,011$3,582$3,194$2,844$2,303
12 years$4,070$3,600$3,179$2,801$2,465$1,951
13 years$3,718$3,254$2,840$2,473$2,149$1,663
14 years$3,417$2,958$2,552$2,195$1,884$1,423
15 years$3,156$2,702$2,304$1,958$1,659$1,224
16 years$2,928$2,479$2,089$1,753$1,466$1,055
17 years$2,728$2,283$1,901$1,575$1,300$913
18 years$2,549$2,109$1,735$1,420$1,156$791
19 years$2,390$1,955$1,588$1,283$1,030$687
20 years$2,247$1,817$1,458$1,162$920$598
21 years$2,117$1,692$1,341$1,054$824$521
22 years$2,000$1,580$1,236$959$738$455
23 years$1,892$1,477$1,141$873$663$397
24 years$1,794$1,384$1,055$796$596$347
25 years$1,704$1,299$977$727$536$304
26 years$1,621$1,221$906$665$483$266
27 years$1,544$1,149$842$609$435$233
28 years$1,473$1,083$783$558$393$204
29 years$1,407$1,021$728$511$355$179
30 years$1,346$965$678$469$320$157
31 years$1,288$912$632$431$290$138
32 years$1,234$863$590$396$262$121
33 years$1,184$817$551$364$237$107
34 years$1,136$774$515$335$215$94
35 years$1,092$735$481$309$194$82
36 years$1,050$697$450$284$176$72
37 years$1,010$662$421$262$160$64
38 years$973$629$395$241$145$56
39 years$937$598$370$222$131$49
40 years$904$569$346$205$119$43
41 years$872$542$325$189$108$38
42 years$842$516$305$175$98$34
43 years$813$492$286$161$89$29
44 years$785$469$268$149$81$26
45 years$759$447$252$138$73$23
46 years$734$426$237$127$67$20
47 years$711$407$222$117$60$18
48 years$688$388$209$108$55$16
49 years$666$371$196$100$50$14
50 years$645$354$185$93$45$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $661,000, adding $2,829 every year, while hoping to spend $47,931 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: 79/5/16 Blend
44$661,000$661,000$661,000$661,000
45$731,340$696,307$686,062$786,401
46$754,939$679,428$658,046$806,193
47$779,338$660,115$627,486$821,510
48$804,568$638,199$594,245$836,975
49$830,663$613,500$558,182$852,585
50$857,657$585,827$519,147$868,335
51$885,585$554,980$476,986$884,220
52$914,487$520,746$431,536$900,235
53$944,401$482,899$382,629$916,377
54$975,370$441,201$330,087$932,639
55$1,007,439$395,402$273,727$949,018
56$1,040,656$345,235$213,355$965,509
57$1,075,071$290,418$148,770$982,108
58$1,110,736$230,657$79,761$998,812
59$1,147,708$165,636$6,110$1,015,616
60$1,186,047$95,025$0$1,032,517
61$1,225,817$18,474$0$1,061,890
62$1,267,085$0$0$1,093,274
63$1,309,924$0$0$1,129,211
64$1,354,411$0$0$1,167,588
65$1,400,628$0$0$1,207,461
66$1,448,663$0$0$1,248,905
67$1,498,611$0$0$1,292,002
68$1,550,573$0$0$1,336,840
69$1,604,656$0$0$1,383,512
70$1,660,977$0$0$1,432,120
71$1,719,662$0$0$1,482,772
72$1,780,844$0$0$1,535,584
73$1,844,668$0$0$1,590,683
74$1,911,292$0$0$1,648,204
75$1,980,883$0$0$1,708,293
76$2,053,623$0$0$1,771,108
77$2,129,709$0$0$1,836,820
78$2,209,354$0$0$1,905,614
79$2,292,790$0$0$1,977,690
80$2,380,265$0$0$2,053,266
81$2,472,052$0$0$2,132,577
82$2,568,444$0$0$2,215,878
83$2,669,763$0$0$2,303,449
84$2,776,354$0$0$2,395,590
85$2,888,598$0$0$2,492,632
86$3,006,906$0$0$2,594,931
87$3,131,726$0$0$2,702,879
88$3,263,550$0$0$2,816,900
89$3,402,909$0$0$2,937,459
90$3,550,387$0$0$3,065,061
91$3,706,620$0$0$3,200,261
92$3,872,302$0$0$3,343,661
93$4,048,194$0$0$3,495,923
94$4,235,126$0$0$3,657,769
95$4,434,006$0$0$3,829,989
96$4,645,829$0$0$4,013,447
97$4,871,684$0$0$4,209,092
98$5,112,763$0$0$4,417,960
99$5,370,375$0$0$4,641,188
100$5,645,949$0$0$4,880,022