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%20%
1 years$54,667$54,180$53,705$53,242$52,789$50,674
2 years$27,063$26,559$26,071$25,597$25,138$23,034
3 years$17,863$17,357$16,869$16,400$15,948$13,922
4 years$13,264$12,759$12,277$11,815$11,374$9,440
5 years$10,505$10,003$9,527$9,075$8,647$6,810
6 years$8,666$8,168$7,699$7,258$6,842$5,103
7 years$7,353$6,860$6,398$5,967$5,564$3,923
8 years$6,369$5,880$5,426$5,005$4,616$3,071
9 years$5,604$5,120$4,674$4,264$3,887$2,436
10 years$4,993$4,513$4,075$3,675$3,312$1,952
11 years$4,492$4,017$3,587$3,199$2,849$1,576
12 years$4,076$3,606$3,183$2,806$2,469$1,280
13 years$3,724$3,259$2,844$2,477$2,153$1,045
14 years$3,422$2,962$2,556$2,199$1,887$856
15 years$3,161$2,706$2,307$1,961$1,661$703
16 years$2,933$2,483$2,092$1,756$1,468$580
17 years$2,732$2,286$1,904$1,578$1,302$478
18 years$2,553$2,113$1,738$1,422$1,158$396
19 years$2,393$1,958$1,591$1,285$1,032$327
20 years$2,250$1,819$1,460$1,163$922$271
21 years$2,120$1,695$1,343$1,056$825$225
22 years$2,003$1,582$1,238$960$739$187
23 years$1,895$1,480$1,143$874$664$155
24 years$1,797$1,386$1,057$797$597$129
25 years$1,707$1,301$979$728$537$107
26 years$1,624$1,223$908$666$483$89
27 years$1,547$1,151$843$610$436$74
28 years$1,475$1,084$784$558$393$62
29 years$1,409$1,023$729$512$355$51
30 years$1,348$966$679$470$321$43
31 years$1,290$913$633$432$290$36
32 years$1,236$864$591$397$262$30
33 years$1,186$818$552$365$238$25
34 years$1,138$776$515$336$215$21
35 years$1,093$736$482$309$195$17
36 years$1,051$698$451$285$176$14
37 years$1,012$663$422$262$160$12
38 years$974$630$395$242$145$10
39 years$939$599$370$223$131$8
40 years$905$570$347$206$119$7
41 years$873$543$325$190$108$6
42 years$843$517$305$175$98$5
43 years$814$492$286$162$89$4
44 years$787$469$269$149$81$3
45 years$760$448$252$138$73$3
46 years$735$427$237$127$67$2
47 years$712$408$223$118$61$2
48 years$689$389$209$109$55$2
49 years$667$372$197$100$50$1
50 years$646$355$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 $662,000, adding $4,625 every year, while hoping to spend $29,103 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: 68/20/12 Blend
44$662,000$662,000$662,000$662,000
45$734,295$699,209$688,948$781,992
46$778,227$702,505$681,062$817,599
47$825,666$704,986$671,937$852,618
48$876,937$706,584$661,500$890,162
49$932,400$707,222$649,675$930,478
50$992,449$706,820$636,384$973,833
51$1,057,519$705,295$621,544$1,020,525
52$1,128,088$702,556$605,067$1,070,883
53$1,204,679$698,508$586,863$1,125,269
54$1,287,871$693,049$566,838$1,184,081
55$1,378,299$686,073$544,891$1,247,763
56$1,476,660$677,466$520,920$1,316,799
57$1,583,725$667,107$494,816$1,391,729
58$1,700,338$654,868$466,466$1,473,145
59$1,827,430$640,615$435,750$1,561,700
60$1,966,026$624,203$402,546$1,658,119
61$2,117,253$605,481$366,723$1,763,197
62$2,282,352$584,289$328,148$1,877,814
63$2,462,689$560,456$286,677$2,002,942
64$2,659,767$533,803$242,166$2,139,650
65$2,875,244$504,139$194,458$2,289,121
66$3,110,940$471,263$143,394$2,452,658
67$3,368,863$434,963$88,805$2,631,700
68$3,651,224$395,013$30,517$2,827,836
69$3,960,456$351,175$0$3,042,815
70$4,299,239$303,199$0$3,282,627
71$4,670,525$250,819$0$3,549,780
72$5,077,564$193,755$0$3,842,740
73$5,523,936$131,709$0$4,164,127
74$6,013,584$64,370$0$4,516,831
75$6,550,852$0$0$4,904,035
76$7,140,524$0$0$5,331,144
77$7,787,869$0$0$5,815,619
78$8,498,693$0$0$6,347,642
79$9,279,388$0$0$6,932,004
80$10,137,000$0$0$7,573,984
81$11,079,289$0$0$8,279,396
82$12,114,803$0$0$9,054,645
83$13,252,961$0$0$9,906,788
84$14,504,138$0$0$10,843,600
85$15,879,765$0$0$11,873,645
86$17,392,436$0$0$13,006,362
87$19,056,028$0$0$14,252,145
88$20,885,827$0$0$15,622,451
89$22,898,677$0$0$17,129,901
90$25,113,137$0$0$18,788,401
91$27,549,653$0$0$20,613,272
92$30,230,756$0$0$22,621,396
93$33,181,269$0$0$24,831,375
94$36,428,544$0$0$27,263,703
95$40,002,719$0$0$29,940,963
96$43,937,002$0$0$32,888,039
97$48,267,982$0$0$36,132,350
98$53,035,979$0$0$39,704,107
99$58,285,418$0$0$43,636,601
100$64,065,253$0$0$47,966,512