Can I retire at age 45 with 650,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.6%
1 years$53,676$53,198$52,732$52,276$51,832$50,436
2 years$26,572$26,078$25,598$25,133$24,682$23,285
3 years$17,539$17,042$16,564$16,103$15,659$14,306
4 years$13,023$12,528$12,054$11,601$11,168$9,868
5 years$10,314$9,822$9,354$8,911$8,490$7,247
6 years$8,509$8,020$7,560$7,126$6,718$5,534
7 years$7,220$6,735$6,282$5,859$5,463$4,338
8 years$6,254$5,773$5,328$4,915$4,532$3,465
9 years$5,503$5,027$4,589$4,186$3,817$2,806
10 years$4,902$4,431$4,001$3,609$3,252$2,297
11 years$4,411$3,945$3,522$3,141$2,797$1,896
12 years$4,002$3,540$3,126$2,755$2,424$1,575
13 years$3,656$3,200$2,793$2,432$2,114$1,316
14 years$3,360$2,908$2,509$2,159$1,853$1,104
15 years$3,104$2,657$2,266$1,925$1,631$929
16 years$2,880$2,438$2,054$1,724$1,442$784
17 years$2,682$2,245$1,869$1,549$1,278$664
18 years$2,507$2,074$1,706$1,396$1,137$563
19 years$2,350$1,923$1,562$1,261$1,013$478
20 years$2,209$1,786$1,433$1,142$905$407
21 years$2,082$1,664$1,319$1,037$810$347
22 years$1,966$1,553$1,215$943$726$295
23 years$1,861$1,453$1,122$858$652$252
24 years$1,764$1,361$1,038$783$586$215
25 years$1,676$1,277$961$715$527$184
26 years$1,594$1,201$891$654$475$157
27 years$1,519$1,130$828$598$428$135
28 years$1,449$1,065$769$548$386$115
29 years$1,384$1,004$716$503$349$99
30 years$1,323$949$667$461$315$84
31 years$1,267$897$622$424$285$72
32 years$1,214$848$580$390$258$62
33 years$1,164$803$542$358$233$53
34 years$1,117$762$506$330$211$45
35 years$1,074$722$473$303$191$39
36 years$1,032$686$443$279$173$33
37 years$993$651$414$257$157$29
38 years$957$619$388$237$142$25
39 years$922$588$364$219$129$21
40 years$889$560$341$202$117$18
41 years$857$533$319$186$106$15
42 years$828$508$300$172$96$13
43 years$799$484$281$159$87$11
44 years$772$461$264$146$79$10
45 years$747$440$248$135$72$8
46 years$722$419$233$125$65$7
47 years$699$400$219$115$59$6
48 years$676$382$206$107$54$5
49 years$655$365$193$99$49$5
50 years$635$348$182$91$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $650,000, adding $5,262 every year, while hoping to spend $51,442 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: 44/33/23 Blend
44$650,000$650,000$650,000$650,000
45$721,728$687,278$677,203$748,468
46$740,610$666,220$645,155$746,852
47$759,694$642,407$610,310$739,698
48$778,947$615,649$572,519$730,909
49$798,328$585,745$531,627$720,361
50$817,795$552,483$487,474$707,921
51$837,295$515,640$439,889$693,445
52$856,771$474,978$388,697$676,782
53$876,156$430,247$333,713$657,770
54$895,377$381,182$274,746$636,235
55$914,349$327,503$211,593$611,993
56$932,976$268,914$144,045$584,843
57$951,153$205,104$71,884$554,576
58$968,758$135,742$0$520,964
59$985,658$60,480$0$485,023
60$1,001,701$0$0$464,142
61$1,016,719$0$0$448,091
62$1,030,523$0$0$453,370
63$1,042,904$0$0$457,915
64$1,053,626$0$0$461,609
65$1,062,429$0$0$464,325
66$1,069,022$0$0$465,921
67$1,073,081$0$0$466,238
68$1,074,248$0$0$465,100
69$1,072,122$0$0$462,312
70$1,066,262$0$0$457,658
71$1,056,174$0$0$450,897
72$1,041,313$0$0$441,763
73$1,021,075$0$0$429,961
74$994,789$0$0$415,164
75$961,714$0$0$397,010
76$921,027$0$0$375,098
77$871,818$0$0$348,986
78$813,080$0$0$318,182
79$743,700$0$0$282,145
80$662,445$0$0$240,275
81$567,953$0$0$191,908
82$458,718$0$0$136,312
83$333,075$0$0$72,678
84$189,185$0$0$111
85$25,016$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