Can I retire at age 45 with 653,000?

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 $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%14.4%
1 years$53,924$53,444$52,975$52,518$52,071$51,124
2 years$26,695$26,198$25,716$25,249$24,796$23,845
3 years$17,620$17,121$16,640$16,177$15,731$14,807
4 years$13,083$12,585$12,110$11,655$11,220$10,328
5 years$10,362$9,867$9,398$8,952$8,529$7,673
6 years$8,548$8,057$7,595$7,159$6,749$5,929
7 years$7,253$6,766$6,311$5,886$5,489$4,706
8 years$6,283$5,800$5,352$4,937$4,553$3,807
9 years$5,528$5,050$4,610$4,206$3,835$3,125
10 years$4,925$4,451$4,019$3,625$3,267$2,593
11 years$4,431$3,963$3,538$3,155$2,810$2,170
12 years$4,021$3,557$3,140$2,767$2,435$1,829
13 years$3,673$3,214$2,806$2,443$2,123$1,550
14 years$3,376$2,922$2,521$2,169$1,861$1,320
15 years$3,118$2,669$2,276$1,934$1,639$1,129
16 years$2,893$2,449$2,063$1,732$1,448$968
17 years$2,695$2,255$1,878$1,556$1,284$832
18 years$2,518$2,084$1,714$1,402$1,142$717
19 years$2,361$1,931$1,569$1,267$1,018$619
20 years$2,219$1,795$1,440$1,148$909$536
21 years$2,091$1,672$1,325$1,042$814$464
22 years$1,975$1,560$1,221$947$729$402
23 years$1,869$1,459$1,127$862$655$349
24 years$1,773$1,367$1,042$787$588$304
25 years$1,684$1,283$966$718$529$264
26 years$1,602$1,206$896$657$477$230
27 years$1,526$1,135$832$601$430$200
28 years$1,455$1,070$773$551$388$174
29 years$1,390$1,009$719$505$350$152
30 years$1,329$953$670$464$317$132
31 years$1,272$901$625$426$286$115
32 years$1,219$852$583$391$259$101
33 years$1,169$807$544$360$234$88
34 years$1,123$765$508$331$212$77
35 years$1,079$726$475$305$192$67
36 years$1,037$689$445$281$174$58
37 years$998$654$416$259$158$51
38 years$961$622$390$238$143$45
39 years$926$591$365$220$130$39
40 years$893$562$342$203$118$34
41 years$861$535$321$187$107$30
42 years$831$510$301$173$97$26
43 years$803$486$283$159$88$23
44 years$776$463$265$147$80$20
45 years$750$442$249$136$72$17
46 years$725$421$234$126$66$15
47 years$702$402$220$116$60$13
48 years$680$384$206$107$54$12
49 years$658$366$194$99$49$10
50 years$638$350$182$92$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $653,000, adding $2,590 every year, while hoping to spend $33,594 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: 58/30/12 Blend
44$653,000$653,000$653,000$653,000
45$722,278$687,669$677,547$761,882
46$760,206$685,621$664,501$786,853
47$800,877$682,346$649,892$810,094
48$844,536$677,750$633,633$834,627
49$891,450$671,731$615,630$860,578
50$941,913$664,181$595,789$888,092
51$996,248$654,986$574,009$917,325
52$1,054,811$644,027$550,184$948,455
53$1,117,992$631,173$524,204$981,676
54$1,186,218$616,292$495,956$1,017,206
55$1,259,959$599,238$465,318$1,055,284
56$1,339,734$579,859$432,165$1,096,180
57$1,426,111$557,996$396,367$1,140,188
58$1,519,715$533,478$357,785$1,187,638
59$1,621,232$506,125$316,278$1,238,895
60$1,731,420$475,747$271,695$1,294,365
61$1,851,108$442,142$223,880$1,354,494
62$1,981,211$405,098$172,670$1,419,782
63$2,122,736$364,389$117,896$1,490,779
64$2,276,789$319,777$59,379$1,568,095
65$2,444,587$271,012$0$1,652,408
66$2,627,471$217,828$0$1,744,859
67$2,826,916$159,944$0$1,854,023
68$3,044,545$97,065$0$1,973,235
69$3,282,144$28,877$0$2,103,537
70$3,541,680$0$0$2,246,083
71$3,825,319$0$0$2,416,985
72$4,135,444$0$0$2,614,323
73$4,474,681$0$0$2,830,239
74$4,845,918$0$0$3,066,581
75$5,252,338$0$0$3,325,380
76$5,697,446$0$0$3,608,876
77$6,185,099$0$0$3,919,535
78$6,719,549$0$0$4,260,071
79$7,305,474$0$0$4,633,475
80$7,948,031$0$0$5,043,041
81$8,652,897$0$0$5,492,396
82$9,426,325$0$0$5,985,538
83$10,275,204$0$0$6,526,867
84$11,207,122$0$0$7,121,231
85$12,230,436$0$0$7,773,973
86$13,354,354$0$0$8,490,974
87$14,589,020$0$0$9,278,718
88$15,945,605$0$0$10,144,344
89$17,436,420$0$0$11,095,719
90$19,075,026$0$0$12,141,508
91$20,876,362$0$0$13,291,260
92$22,856,888$0$0$14,555,493
93$25,034,739$0$0$15,945,797
94$27,429,894$0$0$17,474,938
95$30,064,366$0$0$19,156,987
96$32,962,407$0$0$21,007,442
97$36,150,740$0$0$23,043,382
98$39,658,808$0$0$25,283,622
99$43,519,050$0$0$27,748,896
100$47,767,210$0$0$30,462,048