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%13.7%
1 years$54,998$54,508$54,030$53,563$53,108$52,293
2 years$27,227$26,719$26,228$25,752$25,289$24,470
3 years$17,971$17,461$16,971$16,499$16,045$15,247
4 years$13,344$12,836$12,351$11,887$11,443$10,673
5 years$10,568$10,064$9,585$9,130$8,699$7,958
6 years$8,719$8,218$7,746$7,302$6,883$6,173
7 years$7,398$6,901$6,437$6,003$5,598$4,919
8 years$6,408$5,916$5,459$5,036$4,644$3,995
9 years$5,638$5,151$4,702$4,289$3,911$3,293
10 years$5,023$4,540$4,099$3,697$3,332$2,744
11 years$4,520$4,042$3,609$3,218$2,866$2,307
12 years$4,101$3,628$3,203$2,823$2,483$1,953
13 years$3,746$3,278$2,861$2,492$2,166$1,663
14 years$3,443$2,980$2,571$2,212$1,898$1,423
15 years$3,180$2,722$2,321$1,973$1,672$1,222
16 years$2,951$2,498$2,105$1,766$1,477$1,053
17 years$2,748$2,300$1,915$1,587$1,310$910
18 years$2,569$2,125$1,748$1,430$1,165$789
19 years$2,408$1,970$1,600$1,292$1,038$684
20 years$2,264$1,830$1,469$1,170$927$595
21 years$2,133$1,705$1,351$1,062$830$518
22 years$2,015$1,592$1,245$966$744$452
23 years$1,907$1,489$1,150$880$668$394
24 years$1,808$1,395$1,063$802$600$345
25 years$1,717$1,309$985$733$540$301
26 years$1,633$1,230$913$670$486$264
27 years$1,556$1,158$848$613$439$231
28 years$1,484$1,091$788$562$396$202
29 years$1,418$1,029$734$515$357$177
30 years$1,356$972$683$473$323$155
31 years$1,298$919$637$434$292$136
32 years$1,244$869$594$399$264$120
33 years$1,193$823$555$367$239$105
34 years$1,145$780$519$338$216$92
35 years$1,100$740$485$311$196$81
36 years$1,058$702$454$286$178$71
37 years$1,018$667$425$264$161$62
38 years$980$634$398$243$146$55
39 years$944$603$372$224$132$48
40 years$911$574$349$207$120$42
41 years$878$546$327$191$109$37
42 years$848$520$307$176$99$33
43 years$819$495$288$163$90$29
44 years$791$472$270$150$81$25
45 years$765$450$254$139$74$22
46 years$740$430$239$128$67$20
47 years$716$410$224$118$61$17
48 years$693$391$211$109$55$15
49 years$671$374$198$101$50$13
50 years$650$357$186$93$46$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $666,000, adding $6,696 every year, while hoping to spend $40,979 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: 76/15/9 Blend
44$666,000$666,000$666,000$666,000
45$740,839$705,541$695,218$795,543
46$772,803$696,511$674,906$823,442
47$806,654$685,665$652,541$848,127
48$842,542$672,871$628,010$874,013
49$880,628$657,989$601,195$901,204
50$921,092$640,871$571,975$929,814
51$964,128$621,358$540,221$959,971
52$1,009,950$599,286$505,800$991,814
53$1,058,792$574,478$468,571$1,025,499
54$1,110,909$546,748$428,388$1,061,197
55$1,166,582$515,898$385,099$1,099,098
56$1,226,118$481,722$338,545$1,139,412
57$1,289,854$443,998$288,558$1,182,371
58$1,358,159$402,494$234,964$1,228,232
59$1,431,438$356,963$177,582$1,277,279
60$1,510,136$307,146$116,223$1,329,825
61$1,594,741$252,767$50,688$1,386,217
62$1,685,790$193,537$0$1,446,841
63$1,783,869$129,149$0$1,513,968
64$1,889,625$59,279$0$1,591,535
65$2,003,768$0$0$1,675,209
66$2,127,078$0$0$1,768,297
67$2,260,411$0$0$1,879,552
68$2,404,710$0$0$1,999,977
69$2,561,011$0$0$2,130,440
70$2,730,451$0$0$2,271,895
71$2,914,283$0$0$2,425,388
72$3,113,884$0$0$2,592,073
73$3,330,768$0$0$2,773,218
74$3,566,601$0$0$2,970,217
75$3,823,215$0$0$3,184,605
76$4,102,629$0$0$3,418,071
77$4,407,060$0$0$3,672,472
78$4,738,951$0$0$3,949,854
79$5,100,989$0$0$4,252,466
80$5,496,133$0$0$4,582,786
81$5,927,640$0$0$4,943,541
82$6,399,094$0$0$5,337,732
83$6,914,441$0$0$5,768,664
84$7,478,026$0$0$6,239,975
85$8,094,635$0$0$6,755,672
86$8,769,533$0$0$7,320,165
87$9,508,523$0$0$7,938,312
88$10,317,991$0$0$8,615,462
89$11,204,972$0$0$9,357,506
90$12,177,214$0$0$10,170,931
91$13,243,248$0$0$11,062,882
92$14,412,473$0$0$12,041,230
93$15,695,238$0$0$13,114,642
94$17,102,945$0$0$14,292,666
95$18,648,153$0$0$15,585,820
96$20,344,693$0$0$17,005,686
97$22,207,806$0$0$18,565,028
98$24,254,276$0$0$20,277,903
99$26,502,597$0$0$22,159,797
100$28,973,139$0$0$24,227,771