Can I retire at age 45 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$54,667$54,180$53,705$53,242$52,789$52,566
2 years$27,063$26,559$26,071$25,597$25,138$24,913
3 years$17,863$17,357$16,869$16,400$15,948$15,729
4 years$13,264$12,759$12,277$11,815$11,374$11,161
5 years$10,505$10,003$9,527$9,075$8,647$8,441
6 years$8,666$8,168$7,699$7,258$6,842$6,643
7 years$7,353$6,860$6,398$5,967$5,564$5,373
8 years$6,369$5,880$5,426$5,005$4,616$4,432
9 years$5,604$5,120$4,674$4,264$3,887$3,711
10 years$4,993$4,513$4,075$3,675$3,312$3,144
11 years$4,492$4,017$3,587$3,199$2,849$2,687
12 years$4,076$3,606$3,183$2,806$2,469$2,314
13 years$3,724$3,259$2,844$2,477$2,153$2,005
14 years$3,422$2,962$2,556$2,199$1,887$1,747
15 years$3,161$2,706$2,307$1,961$1,661$1,528
16 years$2,933$2,483$2,092$1,756$1,468$1,341
17 years$2,732$2,286$1,904$1,578$1,302$1,181
18 years$2,553$2,113$1,738$1,422$1,158$1,043
19 years$2,393$1,958$1,591$1,285$1,032$923
20 years$2,250$1,819$1,460$1,163$922$819
21 years$2,120$1,695$1,343$1,056$825$727
22 years$2,003$1,582$1,238$960$739$647
23 years$1,895$1,480$1,143$874$664$577
24 years$1,797$1,386$1,057$797$597$514
25 years$1,707$1,301$979$728$537$459
26 years$1,624$1,223$908$666$483$411
27 years$1,547$1,151$843$610$436$367
28 years$1,475$1,084$784$558$393$329
29 years$1,409$1,023$729$512$355$295
30 years$1,348$966$679$470$321$264
31 years$1,290$913$633$432$290$237
32 years$1,236$864$591$397$262$213
33 years$1,186$818$552$365$238$191
34 years$1,138$776$515$336$215$171
35 years$1,093$736$482$309$195$154
36 years$1,051$698$451$285$176$138
37 years$1,012$663$422$262$160$124
38 years$974$630$395$242$145$112
39 years$939$599$370$223$131$100
40 years$905$570$347$206$119$90
41 years$873$543$325$190$108$81
42 years$843$517$305$175$98$73
43 years$814$492$286$162$89$66
44 years$787$469$269$149$81$59
45 years$760$448$252$138$73$53
46 years$735$427$237$127$67$48
47 years$712$408$223$118$61$43
48 years$689$389$209$109$55$39
49 years$667$372$197$100$50$35
50 years$646$355$185$93$45$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $662,000, adding $2,873 every year, while hoping to spend $26,440 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: 63/16/21 Blend
44$662,000$662,000$662,000$662,000
45$732,487$697,401$687,140$774,488
46$779,069$703,442$682,028$809,192
47$829,516$708,893$675,858$843,862
48$884,195$713,696$668,567$881,119
49$943,508$717,792$660,089$921,219
50$1,007,898$721,117$650,354$964,445
51$1,077,852$723,601$639,290$1,011,107
52$1,153,908$725,171$626,821$1,061,548
53$1,236,653$725,752$612,866$1,116,149
54$1,326,738$725,260$597,343$1,175,326
55$1,424,875$723,608$580,164$1,239,543
56$1,531,852$720,703$561,239$1,309,310
57$1,648,531$716,448$540,470$1,385,190
58$1,775,865$710,738$517,760$1,467,804
59$1,914,901$703,462$493,003$1,557,839
60$2,066,794$694,504$466,091$1,656,052
61$2,232,811$683,739$436,909$1,763,279
62$2,414,350$671,035$405,339$1,880,443
63$2,612,951$656,253$371,255$2,008,560
64$2,830,309$639,246$334,528$2,148,756
65$3,068,288$619,856$295,022$2,302,269
66$3,328,943$597,919$252,596$2,470,468
67$3,614,537$573,260$207,100$2,654,862
68$3,927,563$545,692$158,380$2,857,117
69$4,270,764$515,020$106,275$3,079,070
70$4,647,162$481,037$50,617$3,322,748
71$5,060,088$443,523$0$3,590,388
72$5,513,209$402,247$0$3,886,425
73$6,010,563$356,964$0$4,223,844
74$6,556,599$307,415$0$4,594,336
75$7,156,220$253,326$0$5,001,259
76$7,814,824$194,408$0$5,448,312
77$8,538,358$130,356$0$5,939,573
78$9,333,375$60,848$0$6,479,536
79$10,207,094$0$0$7,073,155
80$11,167,465$0$0$7,728,435
81$12,223,251$0$0$8,460,647
82$13,384,103$0$0$9,265,778
83$14,660,655$0$0$10,151,210
84$16,064,624$0$0$11,125,076
85$17,608,918$0$0$12,196,337
86$19,307,760$0$0$13,374,867
87$21,176,820$0$0$14,671,543
88$23,233,363$0$0$16,098,353
89$25,496,414$0$0$17,668,502
90$27,986,933$0$0$19,396,542
91$30,728,017$0$0$21,298,506
92$33,745,113$0$0$23,392,061
93$37,066,263$0$0$25,696,674
94$40,722,363$0$0$28,233,794
95$44,747,458$0$0$31,027,057
96$49,179,063$0$0$34,102,504
97$54,058,513$0$0$37,488,834
98$59,431,358$0$0$41,217,667
99$65,347,787$0$0$45,323,848
100$71,863,107$0$0$49,845,772