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%14.9%
1 years$53,759$53,280$52,813$52,357$51,912$50,864
2 years$26,613$26,118$25,637$25,172$24,720$23,668
3 years$17,566$17,068$16,589$16,128$15,683$14,661
4 years$13,043$12,547$12,073$11,619$11,185$10,201
5 years$10,330$9,837$9,369$8,925$8,503$7,559
6 years$8,522$8,033$7,571$7,137$6,728$5,825
7 years$7,231$6,746$6,292$5,868$5,472$4,610
8 years$6,263$5,782$5,336$4,922$4,539$3,719
9 years$5,511$5,035$4,596$4,193$3,823$3,043
10 years$4,910$4,438$4,007$3,614$3,257$2,517
11 years$4,418$3,951$3,528$3,145$2,801$2,100
12 years$4,008$3,546$3,131$2,759$2,428$1,765
13 years$3,662$3,204$2,797$2,436$2,117$1,491
14 years$3,365$2,913$2,513$2,162$1,856$1,265
15 years$3,109$2,661$2,269$1,928$1,634$1,078
16 years$2,884$2,441$2,057$1,727$1,444$921
17 years$2,686$2,248$1,872$1,551$1,280$789
18 years$2,511$2,078$1,709$1,398$1,138$678
19 years$2,354$1,925$1,564$1,263$1,015$583
20 years$2,213$1,789$1,436$1,144$906$502
21 years$2,085$1,667$1,321$1,038$811$434
22 years$1,969$1,556$1,217$944$727$375
23 years$1,864$1,455$1,124$860$653$324
24 years$1,767$1,363$1,039$784$587$280
25 years$1,678$1,279$963$716$528$243
26 years$1,597$1,202$893$655$475$210
27 years$1,521$1,132$829$599$429$183
28 years$1,451$1,066$771$549$387$158
29 years$1,386$1,006$717$504$349$137
30 years$1,325$950$668$462$316$119
31 years$1,269$898$623$424$285$104
32 years$1,216$850$581$390$258$90
33 years$1,166$805$543$359$234$78
34 years$1,119$763$507$330$211$68
35 years$1,075$723$474$304$192$59
36 years$1,034$687$443$280$174$51
37 years$995$652$415$258$157$45
38 years$958$620$389$238$143$39
39 years$923$589$364$219$129$34
40 years$890$561$341$202$117$29
41 years$859$534$320$186$106$26
42 years$829$508$300$172$97$22
43 years$800$484$282$159$88$19
44 years$773$462$264$147$80$17
45 years$748$440$248$135$72$15
46 years$723$420$233$125$66$13
47 years$700$401$219$116$60$11
48 years$677$383$206$107$54$10
49 years$656$365$193$99$49$8
50 years$636$349$182$91$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $651,000, adding $6,735 every year, while hoping to spend $38,954 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: 43/40/17 Blend
44$651,000$651,000$651,000$651,000
45$724,349$689,846$679,756$751,649
46$756,786$682,202$661,081$763,877
47$791,226$672,877$640,475$772,754
48$827,832$661,749$617,831$781,546
49$866,783$648,687$593,041$790,263
50$908,273$633,552$565,987$798,919
51$952,518$616,197$536,548$807,532
52$999,751$596,467$504,599$816,128
53$1,050,230$574,197$470,007$824,734
54$1,104,235$549,215$432,634$833,388
55$1,162,075$521,335$392,335$842,134
56$1,224,090$490,363$348,961$851,022
57$1,290,649$456,092$302,353$860,117
58$1,362,161$418,307$252,348$869,490
59$1,439,073$376,775$198,773$879,227
60$1,521,876$331,255$141,450$889,428
61$1,611,110$281,489$80,191$900,207
62$1,707,367$227,205$14,800$911,696
63$1,811,297$168,117$0$924,049
64$1,923,616$103,922$0$947,413
65$2,045,110$34,299$0$975,528
66$2,176,643$0$0$1,005,973
67$2,319,165$0$0$1,057,134
68$2,473,720$0$0$1,129,053
69$2,641,456$0$0$1,207,178
70$2,823,638$0$0$1,292,105
71$3,021,653$0$0$1,384,490
72$3,237,031$0$0$1,485,058
73$3,471,454$0$0$1,594,603
74$3,726,771$0$0$1,714,000
75$4,005,020$0$0$1,844,214
76$4,308,440$0$0$1,986,305
77$4,639,499$0$0$2,141,439
78$5,000,912$0$0$2,310,901
79$5,395,666$0$0$2,496,106
80$5,827,052$0$0$2,698,611
81$6,298,692$0$0$2,920,130
82$6,814,573$0$0$3,162,552
83$7,379,087$0$0$3,427,955
84$7,997,068$0$0$3,718,627
85$8,673,841$0$0$4,037,090
86$9,415,268$0$0$4,386,121
87$10,227,807$0$0$4,768,775
88$11,118,568$0$0$5,188,421
89$12,095,384$0$0$5,648,769
90$13,166,881$0$0$6,153,902
91$14,342,561$0$0$6,708,320
92$15,632,888$0$0$7,316,981
93$17,049,392$0$0$7,985,345
94$18,604,770$0$0$8,719,426
95$20,313,012$0$0$9,525,849
96$22,189,527$0$0$10,411,915
97$24,251,290$0$0$11,385,664
98$26,517,005$0$0$12,455,954
99$29,007,272$0$0$13,632,547
100$31,744,792$0$0$14,926,193