Can I retire at age 45 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$54,998$54,508$54,030$53,563$53,108$51,656
2 years$27,227$26,719$26,228$25,752$25,289$23,838
3 years$17,971$17,461$16,971$16,499$16,045$14,638
4 years$13,344$12,836$12,351$11,887$11,443$10,093
5 years$10,568$10,064$9,585$9,130$8,699$7,408
6 years$8,719$8,218$7,746$7,302$6,883$5,653
7 years$7,398$6,901$6,437$6,003$5,598$4,429
8 years$6,408$5,916$5,459$5,036$4,644$3,535
9 years$5,638$5,151$4,702$4,289$3,911$2,862
10 years$5,023$4,540$4,099$3,697$3,332$2,341
11 years$4,520$4,042$3,609$3,218$2,866$1,931
12 years$4,101$3,628$3,203$2,823$2,483$1,603
13 years$3,746$3,278$2,861$2,492$2,166$1,338
14 years$3,443$2,980$2,571$2,212$1,898$1,122
15 years$3,180$2,722$2,321$1,973$1,672$944
16 years$2,951$2,498$2,105$1,766$1,477$796
17 years$2,748$2,300$1,915$1,587$1,310$673
18 years$2,569$2,125$1,748$1,430$1,165$571
19 years$2,408$1,970$1,600$1,292$1,038$484
20 years$2,264$1,830$1,469$1,170$927$412
21 years$2,133$1,705$1,351$1,062$830$350
22 years$2,015$1,592$1,245$966$744$299
23 years$1,907$1,489$1,150$880$668$255
24 years$1,808$1,395$1,063$802$600$217
25 years$1,717$1,309$985$733$540$185
26 years$1,633$1,230$913$670$486$158
27 years$1,556$1,158$848$613$439$135
28 years$1,484$1,091$788$562$396$116
29 years$1,418$1,029$734$515$357$99
30 years$1,356$972$683$473$323$85
31 years$1,298$919$637$434$292$72
32 years$1,244$869$594$399$264$62
33 years$1,193$823$555$367$239$53
34 years$1,145$780$519$338$216$45
35 years$1,100$740$485$311$196$39
36 years$1,058$702$454$286$178$33
37 years$1,018$667$425$264$161$29
38 years$980$634$398$243$146$24
39 years$944$603$372$224$132$21
40 years$911$574$349$207$120$18
41 years$878$546$327$191$109$15
42 years$848$520$307$176$99$13
43 years$819$495$288$163$90$11
44 years$791$472$270$150$81$10
45 years$765$450$254$139$74$8
46 years$740$430$239$128$67$7
47 years$716$410$224$118$61$6
48 years$693$391$211$109$55$5
49 years$671$374$198$101$50$4
50 years$650$357$186$93$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $666,000, adding $6,301 every year, while hoping to spend $49,558 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: 41/34/25 Blend
44$666,000$666,000$666,000$666,000
45$740,431$705,133$694,810$765,122
46$763,226$686,956$665,357$765,287
47$786,685$666,226$633,256$760,310
48$810,823$642,768$598,367$753,950
49$835,656$616,392$560,541$746,108
50$861,199$586,902$519,626$736,681
51$887,468$554,086$475,459$725,559
52$914,476$517,722$427,873$712,627
53$942,238$477,576$376,693$697,762
54$970,768$433,400$321,734$680,834
55$1,000,079$384,929$262,805$661,707
56$1,030,185$331,888$199,706$640,236
57$1,061,096$273,983$132,229$616,266
58$1,092,824$210,905$60,155$589,638
59$1,125,379$142,325$0$560,180
60$1,158,768$67,900$0$532,182
61$1,192,999$0$0$518,397
62$1,228,076$0$0$507,392
63$1,264,003$0$0$522,129
64$1,300,781$0$0$537,204
65$1,338,407$0$0$552,613
66$1,376,877$0$0$568,353
67$1,416,182$0$0$584,419
68$1,456,311$0$0$600,803
69$1,497,247$0$0$617,498
70$1,538,968$0$0$634,490
71$1,581,449$0$0$651,767
72$1,624,656$0$0$669,312
73$1,668,550$0$0$687,105
74$1,713,084$0$0$705,122
75$1,758,203$0$0$723,338
76$1,803,840$0$0$741,720
77$1,849,921$0$0$760,231
78$1,896,358$0$0$778,831
79$1,943,050$0$0$797,471
80$1,989,883$0$0$816,097
81$2,036,725$0$0$834,648
82$2,083,427$0$0$853,053
83$2,129,819$0$0$871,233
84$2,175,711$0$0$889,099
85$2,220,887$0$0$906,552
86$2,265,103$0$0$923,477
87$2,308,085$0$0$939,750
88$2,349,529$0$0$955,227
89$2,389,089$0$0$969,752
90$2,426,381$0$0$983,146
91$2,460,976$0$0$995,213
92$2,492,393$0$0$1,005,732
93$2,520,098$0$0$1,014,457
94$2,543,493$0$0$1,021,116
95$2,561,914$0$0$1,025,404
96$2,574,621$0$0$1,026,984
97$2,580,794$0$0$1,025,480
98$2,579,519$0$0$1,020,476
99$2,569,782$0$0$1,011,509
100$2,550,456$0$0$998,066