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%16%
1 years$53,759$53,280$52,813$52,357$51,912$50,636
2 years$26,613$26,118$25,637$25,172$24,720$23,443
3 years$17,566$17,068$16,589$16,128$15,683$14,444
4 years$13,043$12,547$12,073$11,619$11,185$9,994
5 years$10,330$9,837$9,369$8,925$8,503$7,363
6 years$8,522$8,033$7,571$7,137$6,728$5,640
7 years$7,231$6,746$6,292$5,868$5,472$4,436
8 years$6,263$5,782$5,336$4,922$4,539$3,556
9 years$5,511$5,035$4,596$4,193$3,823$2,890
10 years$4,910$4,438$4,007$3,614$3,257$2,375
11 years$4,418$3,951$3,528$3,145$2,801$1,968
12 years$4,008$3,546$3,131$2,759$2,428$1,641
13 years$3,662$3,204$2,797$2,436$2,117$1,376
14 years$3,365$2,913$2,513$2,162$1,856$1,159
15 years$3,109$2,661$2,269$1,928$1,634$980
16 years$2,884$2,441$2,057$1,727$1,444$831
17 years$2,686$2,248$1,872$1,551$1,280$706
18 years$2,511$2,078$1,709$1,398$1,138$602
19 years$2,354$1,925$1,564$1,263$1,015$514
20 years$2,213$1,789$1,436$1,144$906$439
21 years$2,085$1,667$1,321$1,038$811$376
22 years$1,969$1,556$1,217$944$727$322
23 years$1,864$1,455$1,124$860$653$276
24 years$1,767$1,363$1,039$784$587$237
25 years$1,678$1,279$963$716$528$203
26 years$1,597$1,202$893$655$475$175
27 years$1,521$1,132$829$599$429$150
28 years$1,451$1,066$771$549$387$129
29 years$1,386$1,006$717$504$349$111
30 years$1,325$950$668$462$316$95
31 years$1,269$898$623$424$285$82
32 years$1,216$850$581$390$258$71
33 years$1,166$805$543$359$234$61
34 years$1,119$763$507$330$211$52
35 years$1,075$723$474$304$192$45
36 years$1,034$687$443$280$174$39
37 years$995$652$415$258$157$34
38 years$958$620$389$238$143$29
39 years$923$589$364$219$129$25
40 years$890$561$341$202$117$21
41 years$859$534$320$186$106$18
42 years$829$508$300$172$97$16
43 years$800$484$282$159$88$14
44 years$773$462$264$147$80$12
45 years$748$440$248$135$72$10
46 years$723$420$233$125$66$9
47 years$700$401$219$116$60$8
48 years$677$383$206$107$54$7
49 years$656$365$193$99$49$6
50 years$636$349$182$91$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $651,000, adding $4,991 every year, while hoping to spend $29,809 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: 45/29/26 Blend
44$651,000$651,000$651,000$651,000
45$722,550$688,047$677,957$749,443
46$764,534$690,045$668,952$770,988
47$809,801$691,142$658,646$791,069
48$858,654$691,261$646,964$812,263
49$911,428$690,324$633,829$834,692
50$968,488$688,244$619,156$858,488
51$1,030,237$684,932$602,861$883,801
52$1,097,118$680,290$584,854$910,797
53$1,169,617$674,217$565,040$939,660
54$1,248,270$666,606$543,320$970,598
55$1,333,665$657,341$519,593$1,003,839
56$1,426,449$646,302$493,750$1,039,640
57$1,527,336$633,359$465,679$1,078,283
58$1,637,107$618,377$435,263$1,120,084
59$1,756,625$601,211$402,378$1,165,394
60$1,886,840$581,708$366,896$1,214,603
61$2,028,794$559,708$328,683$1,268,144
62$2,183,636$535,039$287,599$1,326,495
63$2,352,631$507,521$243,498$1,390,191
64$2,537,171$476,961$196,227$1,459,822
65$2,738,788$443,157$145,626$1,536,044
66$2,959,169$405,897$91,529$1,619,583
67$3,200,171$364,953$33,763$1,711,246
68$3,463,839$320,086$0$1,811,925
69$3,752,425$271,044$0$1,930,344
70$4,068,408$217,561$0$2,070,362
71$4,414,517$159,353$0$2,223,870
72$4,793,761$96,124$0$2,392,268
73$5,209,450$27,560$0$2,577,103
74$5,665,230$0$0$2,780,081
75$6,165,120$0$0$3,017,981
76$6,713,543$0$0$3,288,706
77$7,315,371$0$0$3,585,876
78$7,975,973$0$0$3,912,151
79$8,701,261$0$0$4,270,463
80$9,497,748$0$0$4,664,039
81$10,372,608$0$0$5,096,437
82$11,333,747$0$0$5,571,574
83$12,389,870$0$0$6,093,768
84$13,550,571$0$0$6,667,772
85$14,826,416$0$0$7,298,827
86$16,229,049$0$0$7,992,705
87$17,771,296$0$0$8,755,764
88$19,467,289$0$0$9,595,010
89$21,332,597$0$0$10,518,164
90$23,384,377$0$0$11,533,730
91$25,641,527$0$0$12,651,080
92$28,124,872$0$0$13,880,537
93$30,857,358$0$0$15,233,480
94$33,864,266$0$0$16,722,442
95$37,173,451$0$0$18,361,235
96$40,815,606$0$0$20,165,078
97$44,824,551$0$0$22,150,739
98$49,237,549$0$0$24,336,695
99$54,095,662$0$0$26,743,307
100$59,444,132$0$0$29,393,007