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%14.3%
1 years$54,585$54,099$53,624$53,161$52,709$51,772
2 years$27,022$26,519$26,031$25,558$25,100$24,159
3 years$17,836$17,330$16,844$16,375$15,924$15,009
4 years$13,244$12,740$12,258$11,798$11,357$10,474
5 years$10,489$9,988$9,513$9,062$8,634$7,786
6 years$8,653$8,156$7,688$7,247$6,831$6,020
7 years$7,342$6,849$6,389$5,958$5,556$4,780
8 years$6,360$5,871$5,418$4,998$4,609$3,870
9 years$5,596$5,112$4,666$4,257$3,882$3,178
10 years$4,985$4,506$4,068$3,670$3,307$2,638
11 years$4,486$4,011$3,582$3,194$2,844$2,210
12 years$4,070$3,600$3,179$2,801$2,465$1,864
13 years$3,718$3,254$2,840$2,473$2,149$1,581
14 years$3,417$2,958$2,552$2,195$1,884$1,347
15 years$3,156$2,702$2,304$1,958$1,659$1,152
16 years$2,928$2,479$2,089$1,753$1,466$989
17 years$2,728$2,283$1,901$1,575$1,300$851
18 years$2,549$2,109$1,735$1,420$1,156$734
19 years$2,390$1,955$1,588$1,283$1,030$634
20 years$2,247$1,817$1,458$1,162$920$549
21 years$2,117$1,692$1,341$1,054$824$476
22 years$2,000$1,580$1,236$959$738$413
23 years$1,892$1,477$1,141$873$663$359
24 years$1,794$1,384$1,055$796$596$312
25 years$1,704$1,299$977$727$536$272
26 years$1,621$1,221$906$665$483$237
27 years$1,544$1,149$842$609$435$206
28 years$1,473$1,083$783$558$393$180
29 years$1,407$1,021$728$511$355$157
30 years$1,346$965$678$469$320$137
31 years$1,288$912$632$431$290$119
32 years$1,234$863$590$396$262$104
33 years$1,184$817$551$364$237$91
34 years$1,136$774$515$335$215$80
35 years$1,092$735$481$309$194$69
36 years$1,050$697$450$284$176$61
37 years$1,010$662$421$262$160$53
38 years$973$629$395$241$145$46
39 years$937$598$370$222$131$41
40 years$904$569$346$205$119$35
41 years$872$542$325$189$108$31
42 years$842$516$305$175$98$27
43 years$813$492$286$161$89$24
44 years$785$469$268$149$81$21
45 years$759$447$252$138$73$18
46 years$734$426$237$127$67$16
47 years$711$407$222$117$60$14
48 years$688$388$209$108$55$12
49 years$666$371$196$100$50$11
50 years$645$354$185$93$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $661,000, adding $3,486 every year, while hoping to spend $28,504 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: 65/25/10 Blend
44$661,000$661,000$661,000$661,000
45$732,018$696,985$686,739$777,809
46$776,356$700,809$679,417$812,592
47$824,260$703,865$670,894$846,905
48$876,066$706,086$661,100$883,665
49$932,140$707,399$649,962$923,107
50$992,884$707,728$637,402$965,492
51$1,058,743$706,991$623,340$1,011,109
52$1,130,204$705,103$607,691$1,060,275
53$1,207,803$701,971$590,367$1,113,342
54$1,292,131$697,499$571,275$1,170,697
55$1,383,835$691,584$550,320$1,232,768
56$1,483,631$684,116$527,400$1,300,028
57$1,592,303$674,979$502,410$1,372,997
58$1,710,715$664,051$475,238$1,452,252
59$1,839,820$651,201$445,770$1,538,428
60$1,980,663$636,291$413,885$1,632,226
61$2,134,398$619,177$379,458$1,734,421
62$2,302,293$599,702$342,355$1,845,866
63$2,485,743$577,705$302,441$1,967,506
64$2,686,287$553,010$259,571$2,100,382
65$2,905,617$525,437$213,595$2,245,642
66$3,145,597$494,789$164,357$2,404,554
67$3,408,278$460,864$111,694$2,578,519
68$3,695,920$423,444$55,433$2,769,079
69$4,011,011$382,301$0$2,977,939
70$4,356,293$337,192$0$3,207,471
71$4,734,781$287,861$0$3,465,603
72$5,149,802$234,039$0$3,748,723
73$5,605,015$175,440$0$4,059,378
74$6,104,452$111,762$0$4,400,378
75$6,652,555$42,688$0$4,774,821
76$7,254,217$0$0$5,186,123
77$7,914,826$0$0$5,646,886
78$8,640,318$0$0$6,165,847
79$9,437,233$0$0$6,735,946
80$10,312,775$0$0$7,362,343
81$11,274,880$0$0$8,050,720
82$12,332,290$0$0$8,807,341
83$13,494,640$0$0$9,639,104
84$14,772,539$0$0$10,553,610
85$16,177,679$0$0$11,559,231
86$17,722,941$0$0$12,665,194
87$19,422,517$0$0$13,881,663
88$21,292,043$0$0$15,219,838
89$23,348,745$0$0$16,692,057
90$25,611,607$0$0$18,311,916
91$28,101,540$0$0$20,094,394
92$30,841,590$0$0$22,055,997
93$33,857,146$0$0$24,214,911
94$37,176,185$0$0$26,591,175
95$40,829,532$0$0$29,206,866
96$44,851,154$0$0$32,086,316
97$49,278,478$0$0$35,256,330
98$54,152,742$0$0$38,746,447
99$59,519,389$0$0$42,589,217
100$65,428,491$0$0$46,820,504