Can I retire at age 45 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$53,924$53,444$52,975$52,518$52,071$51,527
2 years$26,695$26,198$25,716$25,249$24,796$24,248
3 years$17,620$17,121$16,640$16,177$15,731$15,197
4 years$13,083$12,585$12,110$11,655$11,220$10,703
5 years$10,362$9,867$9,398$8,952$8,529$8,031
6 years$8,548$8,057$7,595$7,159$6,749$6,270
7 years$7,253$6,766$6,311$5,886$5,489$5,029
8 years$6,283$5,800$5,352$4,937$4,553$4,114
9 years$5,528$5,050$4,610$4,206$3,835$3,414
10 years$4,925$4,451$4,019$3,625$3,267$2,866
11 years$4,431$3,963$3,538$3,155$2,810$2,428
12 years$4,021$3,557$3,140$2,767$2,435$2,071
13 years$3,673$3,214$2,806$2,443$2,123$1,777
14 years$3,376$2,922$2,521$2,169$1,861$1,533
15 years$3,118$2,669$2,276$1,934$1,639$1,328
16 years$2,893$2,449$2,063$1,732$1,448$1,154
17 years$2,695$2,255$1,878$1,556$1,284$1,005
18 years$2,518$2,084$1,714$1,402$1,142$878
19 years$2,361$1,931$1,569$1,267$1,018$769
20 years$2,219$1,795$1,440$1,148$909$675
21 years$2,091$1,672$1,325$1,042$814$593
22 years$1,975$1,560$1,221$947$729$522
23 years$1,869$1,459$1,127$862$655$460
24 years$1,773$1,367$1,042$787$588$405
25 years$1,684$1,283$966$718$529$358
26 years$1,602$1,206$896$657$477$316
27 years$1,526$1,135$832$601$430$279
28 years$1,455$1,070$773$551$388$247
29 years$1,390$1,009$719$505$350$219
30 years$1,329$953$670$464$317$194
31 years$1,272$901$625$426$286$172
32 years$1,219$852$583$391$259$152
33 years$1,169$807$544$360$234$135
34 years$1,123$765$508$331$212$120
35 years$1,079$726$475$305$192$106
36 years$1,037$689$445$281$174$94
37 years$998$654$416$259$158$84
38 years$961$622$390$238$143$74
39 years$926$591$365$220$130$66
40 years$893$562$342$203$118$58
41 years$861$535$321$187$107$52
42 years$831$510$301$173$97$46
43 years$803$486$283$159$88$41
44 years$776$463$265$147$80$36
45 years$750$442$249$136$72$32
46 years$725$421$234$126$66$29
47 years$702$402$220$116$60$25
48 years$680$384$206$107$54$23
49 years$658$366$194$99$49$20
50 years$638$350$182$92$45$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $653,000, adding $4,682 every year, while hoping to spend $48,551 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: 63/12/25 Blend
44$653,000$653,000$653,000$653,000
45$724,435$689,826$679,705$765,022
46$746,670$671,970$650,817$775,182
47$769,545$651,612$619,334$780,494
48$793,075$628,577$585,119$785,221
49$817,274$602,682$548,025$789,314
50$842,155$573,733$507,903$792,717
51$867,732$541,523$464,595$795,374
52$894,017$505,834$417,936$797,225
53$921,024$466,437$367,753$798,203
54$948,764$423,087$313,868$798,241
55$977,247$375,528$256,092$797,265
56$1,006,485$323,488$194,230$795,197
57$1,036,486$266,678$128,076$791,957
58$1,067,258$204,796$57,417$787,454
59$1,098,808$137,521$0$781,597
60$1,131,141$64,514$0$779,084
61$1,164,260$0$0$791,669
62$1,198,166$0$0$805,897
63$1,232,858$0$0$829,165
64$1,268,331$0$0$852,950
65$1,304,579$0$0$877,246
66$1,341,590$0$0$902,045
67$1,379,352$0$0$927,336
68$1,417,843$0$0$953,105
69$1,457,042$0$0$979,334
70$1,496,918$0$0$1,006,003
71$1,537,436$0$0$1,033,086
72$1,578,554$0$0$1,060,552
73$1,620,221$0$0$1,088,366
74$1,662,378$0$0$1,116,485
75$1,704,958$0$0$1,144,861
76$1,747,881$0$0$1,173,437
77$1,791,057$0$0$1,202,151
78$1,834,380$0$0$1,230,927
79$1,877,732$0$0$1,259,683
80$1,920,978$0$0$1,288,322
81$1,963,964$0$0$1,316,738
82$2,006,517$0$0$1,344,807
83$2,048,440$0$0$1,372,393
84$2,089,513$0$0$1,399,342
85$2,129,488$0$0$1,425,478
86$2,168,086$0$0$1,450,607
87$2,204,994$0$0$1,474,511
88$2,239,864$0$0$1,496,945
89$2,272,304$0$0$1,517,637
90$2,301,878$0$0$1,536,281
91$2,328,099$0$0$1,552,538
92$2,350,426$0$0$1,566,029
93$2,368,252$0$0$1,576,334
94$2,380,906$0$0$1,582,982
95$2,387,641$0$0$1,585,453
96$2,387,624$0$0$1,583,167
97$2,379,934$0$0$1,575,483
98$2,363,546$0$0$1,561,686
99$2,337,324$0$0$1,540,985
100$2,300,006$0$0$1,512,502