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%13.6%
1 years$54,998$54,508$54,030$53,563$53,108$52,314
2 years$27,227$26,719$26,228$25,752$25,289$24,492
3 years$17,971$17,461$16,971$16,499$16,045$15,268
4 years$13,344$12,836$12,351$11,887$11,443$10,693
5 years$10,568$10,064$9,585$9,130$8,699$7,977
6 years$8,719$8,218$7,746$7,302$6,883$6,191
7 years$7,398$6,901$6,437$6,003$5,598$4,936
8 years$6,408$5,916$5,459$5,036$4,644$4,012
9 years$5,638$5,151$4,702$4,289$3,911$3,308
10 years$5,023$4,540$4,099$3,697$3,332$2,759
11 years$4,520$4,042$3,609$3,218$2,866$2,321
12 years$4,101$3,628$3,203$2,823$2,483$1,966
13 years$3,746$3,278$2,861$2,492$2,166$1,675
14 years$3,443$2,980$2,571$2,212$1,898$1,434
15 years$3,180$2,722$2,321$1,973$1,672$1,233
16 years$2,951$2,498$2,105$1,766$1,477$1,063
17 years$2,748$2,300$1,915$1,587$1,310$919
18 years$2,569$2,125$1,748$1,430$1,165$797
19 years$2,408$1,970$1,600$1,292$1,038$692
20 years$2,264$1,830$1,469$1,170$927$602
21 years$2,133$1,705$1,351$1,062$830$525
22 years$2,015$1,592$1,245$966$744$458
23 years$1,907$1,489$1,150$880$668$400
24 years$1,808$1,395$1,063$802$600$350
25 years$1,717$1,309$985$733$540$306
26 years$1,633$1,230$913$670$486$268
27 years$1,556$1,158$848$613$439$235
28 years$1,484$1,091$788$562$396$206
29 years$1,418$1,029$734$515$357$181
30 years$1,356$972$683$473$323$159
31 years$1,298$919$637$434$292$139
32 years$1,244$869$594$399$264$122
33 years$1,193$823$555$367$239$107
34 years$1,145$780$519$338$216$94
35 years$1,100$740$485$311$196$83
36 years$1,058$702$454$286$178$73
37 years$1,018$667$425$264$161$64
38 years$980$634$398$243$146$56
39 years$944$603$372$224$132$50
40 years$911$574$349$207$120$44
41 years$878$546$327$191$109$38
42 years$848$520$307$176$99$34
43 years$819$495$288$163$90$30
44 years$791$472$270$150$81$26
45 years$765$450$254$139$74$23
46 years$740$430$239$128$67$20
47 years$716$410$224$118$61$18
48 years$693$391$211$109$55$16
49 years$671$374$198$101$50$14
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 $5,957 every year, while hoping to spend $58,203 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: 38/34/28 Blend
44$666,000$666,000$666,000$666,000
45$740,077$704,779$694,456$761,844
46$753,637$677,385$655,792$750,975
47$766,630$646,699$613,883$733,470
48$778,935$612,497$568,558$713,439
49$790,421$574,543$519,639$690,690
50$800,937$532,589$466,940$665,019
51$810,317$486,370$410,267$636,206
52$818,376$435,609$349,417$604,016
53$824,908$380,011$284,180$568,195
54$829,682$319,265$214,334$528,474
55$832,443$253,043$139,647$484,560
56$832,907$180,996$59,880$436,142
57$830,758$102,760$0$382,885
58$825,646$17,946$0$331,969
59$817,182$0$0$295,048
60$804,935$0$0$281,509
61$788,429$0$0$272,846
62$767,132$0$0$262,122
63$740,459$0$0$249,090
64$707,760$0$0$233,476
65$668,316$0$0$214,978
66$621,334$0$0$193,259
67$565,931$0$0$167,951
68$501,136$0$0$138,642
69$425,873$0$0$104,882
70$338,951$0$0$66,169
71$239,058$0$0$21,950
72$124,739$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0