Can I retire at age 45 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$53,676$53,198$52,732$52,276$51,832$51,227
2 years$26,572$26,078$25,598$25,133$24,682$24,073
3 years$17,539$17,042$16,564$16,103$15,659$15,065
4 years$13,023$12,528$12,054$11,601$11,168$10,594
5 years$10,314$9,822$9,354$8,911$8,490$7,936
6 years$8,509$8,020$7,560$7,126$6,718$6,186
7 years$7,220$6,735$6,282$5,859$5,463$4,954
8 years$6,254$5,773$5,328$4,915$4,532$4,045
9 years$5,503$5,027$4,589$4,186$3,817$3,351
10 years$4,902$4,431$4,001$3,609$3,252$2,808
11 years$4,411$3,945$3,522$3,141$2,797$2,374
12 years$4,002$3,540$3,126$2,755$2,424$2,022
13 years$3,656$3,200$2,793$2,432$2,114$1,732
14 years$3,360$2,908$2,509$2,159$1,853$1,491
15 years$3,104$2,657$2,266$1,925$1,631$1,288
16 years$2,880$2,438$2,054$1,724$1,442$1,117
17 years$2,682$2,245$1,869$1,549$1,278$972
18 years$2,507$2,074$1,706$1,396$1,137$847
19 years$2,350$1,923$1,562$1,261$1,013$740
20 years$2,209$1,786$1,433$1,142$905$648
21 years$2,082$1,664$1,319$1,037$810$568
22 years$1,966$1,553$1,215$943$726$499
23 years$1,861$1,453$1,122$858$652$438
24 years$1,764$1,361$1,038$783$586$386
25 years$1,676$1,277$961$715$527$340
26 years$1,594$1,201$891$654$475$299
27 years$1,519$1,130$828$598$428$264
28 years$1,449$1,065$769$548$386$233
29 years$1,384$1,004$716$503$349$206
30 years$1,323$949$667$461$315$182
31 years$1,267$897$622$424$285$161
32 years$1,214$848$580$390$258$142
33 years$1,164$803$542$358$233$126
34 years$1,117$762$506$330$211$111
35 years$1,074$722$473$303$191$98
36 years$1,032$686$443$279$173$87
37 years$993$651$414$257$157$77
38 years$957$619$388$237$142$68
39 years$922$588$364$219$129$60
40 years$889$560$341$202$117$53
41 years$857$533$319$186$106$47
42 years$828$508$300$172$96$42
43 years$799$484$281$159$87$37
44 years$772$461$264$146$79$33
45 years$747$440$248$135$72$29
46 years$722$419$233$125$65$26
47 years$699$400$219$115$59$23
48 years$676$382$206$107$54$20
49 years$655$365$193$99$49$18
50 years$635$348$182$91$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $650,000, adding $2,453 every year, while hoping to spend $54,163 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: 30/43/27 Blend
44$650,000$650,000$650,000$650,000
45$718,830$684,380$674,305$734,357
46$734,522$660,286$639,265$722,551
47$749,999$633,196$601,237$704,946
48$765,182$602,905$560,061$684,927
49$779,982$569,199$515,575$662,320
50$794,300$531,850$467,606$636,941
51$808,023$490,614$415,975$608,595
52$821,025$445,239$360,495$577,074
53$833,168$395,454$300,969$542,154
54$844,293$340,973$237,194$503,598
55$854,227$281,497$168,956$461,154
56$862,775$216,706$96,032$414,552
57$869,718$146,266$18,190$363,502
58$874,817$69,820$0$307,699
59$877,802$0$0$265,505
60$878,374$0$0$230,839
61$876,203$0$0$228,245
62$870,920$0$0$224,563
63$862,115$0$0$219,657
64$849,338$0$0$213,374
65$832,084$0$0$205,546
66$809,799$0$0$195,988
67$781,864$0$0$184,493
68$747,599$0$0$170,834
69$706,247$0$0$154,759
70$656,972$0$0$135,989
71$598,851$0$0$114,216
72$530,859$0$0$89,099
73$451,866$0$0$60,262
74$360,621$0$0$27,290
75$255,744$0$0$0
76$135,707$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