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%12.1%
1 years$54,667$54,180$53,705$53,242$52,789$52,325
2 years$27,063$26,559$26,071$25,597$25,138$24,670
3 years$17,863$17,357$16,869$16,400$15,948$15,491
4 years$13,264$12,759$12,277$11,815$11,374$10,932
5 years$10,505$10,003$9,527$9,075$8,647$8,220
6 years$8,666$8,168$7,699$7,258$6,842$6,431
7 years$7,353$6,860$6,398$5,967$5,564$5,170
8 years$6,369$5,880$5,426$5,005$4,616$4,239
9 years$5,604$5,120$4,674$4,264$3,887$3,526
10 years$4,993$4,513$4,075$3,675$3,312$2,967
11 years$4,492$4,017$3,587$3,199$2,849$2,520
12 years$4,076$3,606$3,183$2,806$2,469$2,155
13 years$3,724$3,259$2,844$2,477$2,153$1,854
14 years$3,422$2,962$2,556$2,199$1,887$1,603
15 years$3,161$2,706$2,307$1,961$1,661$1,392
16 years$2,933$2,483$2,092$1,756$1,468$1,213
17 years$2,732$2,286$1,904$1,578$1,302$1,060
18 years$2,553$2,113$1,738$1,422$1,158$929
19 years$2,393$1,958$1,591$1,285$1,032$816
20 years$2,250$1,819$1,460$1,163$922$718
21 years$2,120$1,695$1,343$1,056$825$633
22 years$2,003$1,582$1,238$960$739$558
23 years$1,895$1,480$1,143$874$664$493
24 years$1,797$1,386$1,057$797$597$436
25 years$1,707$1,301$979$728$537$386
26 years$1,624$1,223$908$666$483$342
27 years$1,547$1,151$843$610$436$304
28 years$1,475$1,084$784$558$393$270
29 years$1,409$1,023$729$512$355$239
30 years$1,348$966$679$470$321$213
31 years$1,290$913$633$432$290$189
32 years$1,236$864$591$397$262$168
33 years$1,186$818$552$365$238$150
34 years$1,138$776$515$336$215$133
35 years$1,093$736$482$309$195$118
36 years$1,051$698$451$285$176$105
37 years$1,012$663$422$262$160$94
38 years$974$630$395$242$145$84
39 years$939$599$370$223$131$74
40 years$905$570$347$206$119$66
41 years$873$543$325$190$108$59
42 years$843$517$305$175$98$53
43 years$814$492$286$162$89$47
44 years$787$469$269$149$81$42
45 years$760$448$252$138$73$37
46 years$735$427$237$127$67$33
47 years$712$408$223$118$61$30
48 years$689$389$209$109$55$26
49 years$667$372$197$100$50$24
50 years$646$355$185$93$45$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $662,000, adding $4,507 every year, while hoping to spend $40,634 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: 67/9/24 Blend
44$662,000$662,000$662,000$662,000
45$734,173$699,087$688,826$778,551
46$765,824$690,108$668,667$799,941
47$799,342$679,327$646,472$818,275
48$834,874$666,613$622,127$837,385
49$872,582$651,827$595,519$857,347
50$912,640$634,822$566,524$878,247
51$955,243$615,442$535,016$900,182
52$1,000,601$593,522$500,863$923,260
53$1,048,945$568,888$463,924$947,599
54$1,100,529$541,354$424,057$973,333
55$1,155,628$510,726$381,108$1,000,612
56$1,214,547$476,796$334,920$1,029,600
57$1,277,619$439,347$285,328$1,060,482
58$1,345,208$398,148$232,159$1,093,463
59$1,417,716$352,953$175,233$1,128,771
60$1,495,581$303,506$114,361$1,166,660
61$1,579,287$249,534$49,348$1,207,411
62$1,669,361$190,749$0$1,251,338
63$1,766,387$126,846$0$1,303,918
64$1,871,001$57,504$0$1,374,227
65$1,983,906$0$0$1,450,099
66$2,105,873$0$0$1,533,815
67$2,237,747$0$0$1,630,520
68$2,380,461$0$0$1,735,208
69$2,535,037$0$0$1,848,633
70$2,702,601$0$0$1,971,625
71$2,884,389$0$0$2,105,096
72$3,081,763$0$0$2,250,051
73$3,296,219$0$0$2,407,594
74$3,529,402$0$0$2,578,940
75$3,783,125$0$0$2,765,424
76$4,059,380$0$0$2,968,519
77$4,360,360$0$0$3,189,840
78$4,688,478$0$0$3,431,171
79$5,046,389$0$0$3,694,470
80$5,437,018$0$0$3,981,895
81$5,863,582$0$0$4,295,821
82$6,329,623$0$0$4,638,863
83$6,839,040$0$0$5,013,898
84$7,396,128$0$0$5,424,095
85$8,005,613$0$0$5,872,945
86$8,672,701$0$0$6,364,288
87$9,403,123$0$0$6,902,355
88$10,203,190$0$0$7,491,806
89$11,079,855$0$0$8,137,772
90$12,040,771$0$0$8,845,903
91$13,094,371$0$0$9,622,422
92$14,249,938$0$0$10,474,185
93$15,517,702$0$0$11,408,742
94$16,908,927$0$0$12,434,408
95$18,436,022$0$0$13,560,345
96$20,112,657$0$0$14,796,642
97$21,953,887$0$0$16,154,416
98$23,976,299$0$0$17,645,910
99$26,198,165$0$0$19,284,616
100$28,639,615$0$0$21,085,392