Can I retire at age 45 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$54,089$53,607$53,137$52,679$52,231$50,178
2 years$26,777$26,278$25,795$25,326$24,872$22,829
3 years$17,674$17,173$16,691$16,227$15,780$13,811
4 years$13,123$12,624$12,147$11,690$11,254$9,375
5 years$10,394$9,897$9,426$8,979$8,555$6,769
6 years$8,575$8,082$7,618$7,181$6,769$5,079
7 years$7,276$6,787$6,331$5,904$5,505$3,909
8 years$6,302$5,818$5,369$4,953$4,567$3,064
9 years$5,545$5,066$4,624$4,218$3,846$2,433
10 years$4,940$4,465$4,031$3,636$3,277$1,952
11 years$4,445$3,975$3,549$3,165$2,819$1,578
12 years$4,033$3,568$3,150$2,776$2,442$1,284
13 years$3,684$3,224$2,814$2,451$2,130$1,049
14 years$3,386$2,931$2,529$2,175$1,867$861
15 years$3,128$2,677$2,283$1,940$1,644$708
16 years$2,902$2,456$2,070$1,737$1,453$584
17 years$2,703$2,262$1,883$1,561$1,288$483
18 years$2,526$2,090$1,719$1,407$1,145$400
19 years$2,368$1,937$1,574$1,271$1,021$332
20 years$2,226$1,800$1,445$1,151$912$275
21 years$2,098$1,677$1,329$1,045$816$229
22 years$1,981$1,565$1,225$950$731$190
23 years$1,875$1,464$1,131$865$657$158
24 years$1,778$1,372$1,046$789$590$132
25 years$1,689$1,287$969$721$531$110
26 years$1,606$1,210$898$659$478$91
27 years$1,530$1,139$834$603$431$76
28 years$1,460$1,073$775$553$389$64
29 years$1,394$1,012$722$507$351$53
30 years$1,333$956$672$465$318$44
31 years$1,276$904$627$427$287$37
32 years$1,223$855$585$392$260$31
33 years$1,173$810$546$361$235$26
34 years$1,126$767$510$332$213$21
35 years$1,082$728$477$306$193$18
36 years$1,040$691$446$282$175$15
37 years$1,001$656$418$259$158$12
38 years$964$624$391$239$143$10
39 years$929$593$366$220$130$9
40 years$895$564$343$203$118$7
41 years$864$537$322$188$107$6
42 years$834$511$302$173$97$5
43 years$805$487$283$160$88$4
44 years$778$464$266$148$80$4
45 years$752$443$250$136$73$3
46 years$728$423$235$126$66$2
47 years$704$403$220$116$60$2
48 years$682$385$207$107$54$2
49 years$660$368$195$99$49$1
50 years$640$351$183$92$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $655,000, adding $5,820 every year, while hoping to spend $33,831 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: 26/45/29 Blend
44$655,000$655,000$655,000$655,000
45$727,813$693,098$682,946$740,049
46$766,054$691,064$669,829$748,562
47$807,062$687,797$655,138$754,433
48$851,083$683,199$638,786$760,042
49$898,388$677,170$620,679$765,394
50$949,273$669,601$600,722$770,491
51$1,004,065$660,378$578,812$775,345
52$1,063,122$649,378$554,844$779,967
53$1,126,836$636,474$528,708$784,377
54$1,195,641$621,529$500,287$788,600
55$1,270,011$604,398$469,461$792,668
56$1,350,467$584,929$436,103$796,619
57$1,437,584$562,960$400,082$800,503
58$1,531,992$538,319$361,259$804,379
59$1,634,385$510,826$319,491$808,315
60$1,745,524$480,289$274,626$812,396
61$1,866,249$446,505$226,508$816,719
62$1,997,483$409,260$174,972$821,398
63$2,140,241$368,328$119,848$826,565
64$2,295,638$323,469$60,955$832,375
65$2,464,904$274,430$0$839,004
66$2,649,392$220,944$0$847,241
67$2,850,589$162,730$0$876,899
68$3,070,133$99,488$0$909,424
69$3,309,828$30,903$0$945,185
70$3,571,657$0$0$984,591
71$3,857,806$0$0$1,049,573
72$4,170,680$0$0$1,137,461
73$4,512,928$0$0$1,233,710
74$4,887,466$0$0$1,339,154
75$5,297,504$0$0$1,454,710
76$5,746,579$0$0$1,581,390
77$6,238,585$0$0$1,720,308
78$6,777,809$0$0$1,872,691
79$7,368,976$0$0$2,039,890
80$8,017,286$0$0$2,223,392
81$8,728,469$0$0$2,424,838
82$9,508,835$0$0$2,646,033
83$10,365,336$0$0$2,888,967
84$11,305,627$0$0$3,155,831
85$12,338,144$0$0$3,449,039
86$13,472,177$0$0$3,771,250
87$14,717,961$0$0$4,125,395
88$16,086,770$0$0$4,514,701
89$17,591,027$0$0$4,942,724
90$19,244,416$0$0$5,413,383
91$21,062,012$0$0$5,930,994
92$23,060,425$0$0$6,500,313
93$25,257,953$0$0$7,126,580
94$27,674,759$0$0$7,815,568
95$30,333,054$0$0$8,573,638
96$33,257,312$0$0$9,407,798
97$36,474,499$0$0$10,325,772
98$40,014,325$0$0$11,336,069
99$43,909,525$0$0$12,448,063
100$48,196,168$0$0$13,672,086