Can I retire at age 45 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$53,759$53,280$52,813$52,357$51,912$50,781
2 years$26,613$26,118$25,637$25,172$24,720$23,586
3 years$17,566$17,068$16,589$16,128$15,683$14,582
4 years$13,043$12,547$12,073$11,619$11,185$10,125
5 years$10,330$9,837$9,369$8,925$8,503$7,487
6 years$8,522$8,033$7,571$7,137$6,728$5,757
7 years$7,231$6,746$6,292$5,868$5,472$4,546
8 years$6,263$5,782$5,336$4,922$4,539$3,659
9 years$5,511$5,035$4,596$4,193$3,823$2,987
10 years$4,910$4,438$4,007$3,614$3,257$2,465
11 years$4,418$3,951$3,528$3,145$2,801$2,051
12 years$4,008$3,546$3,131$2,759$2,428$1,719
13 years$3,662$3,204$2,797$2,436$2,117$1,448
14 years$3,365$2,913$2,513$2,162$1,856$1,226
15 years$3,109$2,661$2,269$1,928$1,634$1,041
16 years$2,884$2,441$2,057$1,727$1,444$887
17 years$2,686$2,248$1,872$1,551$1,280$758
18 years$2,511$2,078$1,709$1,398$1,138$649
19 years$2,354$1,925$1,564$1,263$1,015$557
20 years$2,213$1,789$1,436$1,144$906$478
21 years$2,085$1,667$1,321$1,038$811$412
22 years$1,969$1,556$1,217$944$727$354
23 years$1,864$1,455$1,124$860$653$306
24 years$1,767$1,363$1,039$784$587$264
25 years$1,678$1,279$963$716$528$228
26 years$1,597$1,202$893$655$475$197
27 years$1,521$1,132$829$599$429$170
28 years$1,451$1,066$771$549$387$147
29 years$1,386$1,006$717$504$349$127
30 years$1,325$950$668$462$316$110
31 years$1,269$898$623$424$285$95
32 years$1,216$850$581$390$258$82
33 years$1,166$805$543$359$234$71
34 years$1,119$763$507$330$211$62
35 years$1,075$723$474$304$192$54
36 years$1,034$687$443$280$174$46
37 years$995$652$415$258$157$40
38 years$958$620$389$238$143$35
39 years$923$589$364$219$129$30
40 years$890$561$341$202$117$26
41 years$859$534$320$186$106$23
42 years$829$508$300$172$97$20
43 years$800$484$282$159$88$17
44 years$773$462$264$147$80$15
45 years$748$440$248$135$72$13
46 years$723$420$233$125$66$11
47 years$700$401$219$116$60$10
48 years$677$383$206$107$54$8
49 years$656$365$193$99$49$7
50 years$636$349$182$91$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $651,000, adding $4,161 every year, while hoping to spend $50,644 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: 40/32/28 Blend
44$651,000$651,000$651,000$651,000
45$721,694$687,191$677,101$744,456
46$741,422$666,979$645,899$741,169
47$761,465$644,078$611,954$732,606
48$781,801$618,305$575,121$722,375
49$802,406$589,463$535,249$710,357
50$823,249$557,345$492,178$696,422
51$844,297$521,731$445,742$680,434
52$865,510$482,391$395,769$662,248
53$886,842$439,078$342,077$641,709
54$908,241$391,533$284,478$618,653
55$929,647$339,484$222,774$592,904
56$950,993$282,641$156,758$564,277
57$972,202$220,697$86,217$532,571
58$993,186$153,331$10,925$497,577
59$1,013,848$80,201$0$459,068
60$1,034,077$948$0$437,546
61$1,053,750$0$0$416,845
62$1,072,726$0$0$423,365
63$1,090,850$0$0$429,795
64$1,107,946$0$0$435,723
65$1,123,820$0$0$441,061
66$1,138,254$0$0$445,713
67$1,151,003$0$0$449,568
68$1,161,798$0$0$452,505
69$1,170,335$0$0$454,391
70$1,176,279$0$0$455,074
71$1,179,257$0$0$454,388
72$1,178,852$0$0$452,149
73$1,174,605$0$0$448,151
74$1,166,002$0$0$442,166
75$1,152,478$0$0$433,942
76$1,133,401$0$0$423,200
77$1,108,075$0$0$409,630
78$1,075,727$0$0$392,888
79$1,035,499$0$0$372,595
80$986,445$0$0$348,331
81$927,515$0$0$319,630
82$857,549$0$0$285,978
83$775,261$0$0$246,807
84$679,234$0$0$201,488
85$567,895$0$0$149,325
86$439,511$0$0$89,552
87$292,162$0$0$21,319
88$123,730$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