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%13.9%
1 years$53,676$53,198$52,732$52,276$51,832$50,994
2 years$26,572$26,078$25,598$25,133$24,682$23,840
3 years$17,539$17,042$16,564$16,103$15,659$14,840
4 years$13,023$12,528$12,054$11,601$11,168$10,377
5 years$10,314$9,822$9,354$8,911$8,490$7,730
6 years$8,509$8,020$7,560$7,126$6,718$5,989
7 years$7,220$6,735$6,282$5,859$5,463$4,767
8 years$6,254$5,773$5,328$4,915$4,532$3,868
9 years$5,503$5,027$4,589$4,186$3,817$3,184
10 years$4,902$4,431$4,001$3,609$3,252$2,650
11 years$4,411$3,945$3,522$3,141$2,797$2,225
12 years$4,002$3,540$3,126$2,755$2,424$1,881
13 years$3,656$3,200$2,793$2,432$2,114$1,600
14 years$3,360$2,908$2,509$2,159$1,853$1,367
15 years$3,104$2,657$2,266$1,925$1,631$1,173
16 years$2,880$2,438$2,054$1,724$1,442$1,009
17 years$2,682$2,245$1,869$1,549$1,278$871
18 years$2,507$2,074$1,706$1,396$1,137$753
19 years$2,350$1,923$1,562$1,261$1,013$653
20 years$2,209$1,786$1,433$1,142$905$567
21 years$2,082$1,664$1,319$1,037$810$493
22 years$1,966$1,553$1,215$943$726$429
23 years$1,861$1,453$1,122$858$652$374
24 years$1,764$1,361$1,038$783$586$326
25 years$1,676$1,277$961$715$527$285
26 years$1,594$1,201$891$654$475$249
27 years$1,519$1,130$828$598$428$218
28 years$1,449$1,065$769$548$386$190
29 years$1,384$1,004$716$503$349$167
30 years$1,323$949$667$461$315$146
31 years$1,267$897$622$424$285$128
32 years$1,214$848$580$390$258$112
33 years$1,164$803$542$358$233$98
34 years$1,117$762$506$330$211$86
35 years$1,074$722$473$303$191$75
36 years$1,032$686$443$279$173$66
37 years$993$651$414$257$157$58
38 years$957$619$388$237$142$51
39 years$922$588$364$219$129$45
40 years$889$560$341$202$117$39
41 years$857$533$319$186$106$34
42 years$828$508$300$172$96$30
43 years$799$484$281$159$87$26
44 years$772$461$264$146$79$23
45 years$747$440$248$135$72$20
46 years$722$419$233$125$65$18
47 years$699$400$219$115$59$16
48 years$676$382$206$107$54$14
49 years$655$365$193$99$49$12
50 years$635$348$182$91$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $650,000, adding $6,993 every year, while hoping to spend $32,514 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: 68/15/17 Blend
44$650,000$650,000$650,000$650,000
45$723,513$689,063$678,988$769,296
46$762,717$688,233$667,140$799,907
47$804,830$686,272$653,805$828,903
48$850,114$683,091$638,899$859,810
49$898,858$678,594$622,334$892,814
50$951,377$672,681$604,018$928,121
51$1,008,020$665,245$583,855$965,956
52$1,069,168$656,172$561,744$1,006,570
53$1,135,241$645,342$537,580$1,050,241
54$1,206,699$632,627$511,252$1,097,274
55$1,284,049$617,893$482,646$1,148,007
56$1,367,848$600,995$451,641$1,202,815
57$1,458,708$581,784$418,111$1,262,111
58$1,557,304$560,099$381,925$1,326,351
59$1,664,375$535,770$342,946$1,396,040
60$1,780,737$508,619$301,030$1,471,735
61$1,907,286$478,454$256,028$1,554,050
62$2,045,007$445,076$207,783$1,643,668
63$2,194,985$408,273$156,131$1,741,338
64$2,358,416$367,821$100,904$1,847,889
65$2,536,612$323,481$41,921$1,964,239
66$2,731,019$275,005$0$2,091,399
67$2,943,230$222,127$0$2,234,300
68$3,174,995$164,567$0$2,398,724
69$3,428,246$102,032$0$2,578,459
70$3,705,103$34,208$0$2,775,045
71$4,007,907$0$0$2,990,184
72$4,339,230$0$0$3,232,225
73$4,701,907$0$0$3,503,389
74$5,099,060$0$0$3,800,368
75$5,534,125$0$0$4,125,738
76$6,010,888$0$0$4,482,334
77$6,533,518$0$0$4,873,279
78$7,106,607$0$0$5,302,014
79$7,735,210$0$0$5,772,328
80$8,424,898$0$0$6,288,392
81$9,181,807$0$0$6,854,805
82$10,012,693$0$0$7,476,630
83$10,925,002$0$0$8,159,443
84$11,926,933$0$0$8,909,390
85$13,027,520$0$0$9,733,238
86$14,236,714$0$0$10,638,445
87$15,565,479$0$0$11,633,223
88$17,025,890$0$0$12,726,623
89$18,631,255$0$0$13,928,614
90$20,396,231$0$0$15,250,180
91$22,336,970$0$0$16,703,423
92$24,471,264$0$0$18,301,675
93$26,818,718$0$0$20,059,626
94$29,400,931$0$0$21,993,460
95$32,241,701$0$0$24,121,009
96$35,367,248$0$0$26,461,920
97$38,806,464$0$0$29,037,843
98$42,591,179$0$0$31,872,629
99$46,756,469$0$0$34,992,560
100$51,340,980$0$0$38,426,596