Can I retire at age 45 with 656,000?

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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$54,172$53,689$53,219$52,759$52,310$51,129
2 years$26,818$26,318$25,834$25,365$24,910$23,726
3 years$17,701$17,199$16,716$16,252$15,804$14,654
4 years$13,143$12,643$12,165$11,708$11,271$10,165
5 years$10,410$9,913$9,441$8,993$8,568$7,509
6 years$8,588$8,094$7,630$7,192$6,780$5,768
7 years$7,287$6,798$6,340$5,913$5,514$4,549
8 years$6,312$5,827$5,377$4,960$4,574$3,657
9 years$5,553$5,073$4,631$4,225$3,852$2,982
10 years$4,947$4,472$4,038$3,642$3,282$2,457
11 years$4,452$3,981$3,555$3,170$2,823$2,043
12 years$4,039$3,573$3,155$2,780$2,446$1,709
13 years$3,690$3,229$2,818$2,454$2,133$1,438
14 years$3,391$2,935$2,532$2,179$1,870$1,216
15 years$3,133$2,681$2,286$1,943$1,646$1,031
16 years$2,906$2,460$2,073$1,740$1,455$878
17 years$2,707$2,266$1,886$1,563$1,290$749
18 years$2,530$2,094$1,722$1,409$1,147$640
19 years$2,372$1,940$1,576$1,273$1,023$548
20 years$2,230$1,803$1,447$1,153$913$470
21 years$2,101$1,679$1,331$1,046$817$404
22 years$1,984$1,568$1,226$951$733$347
23 years$1,878$1,466$1,132$866$658$299
24 years$1,781$1,374$1,047$790$591$258
25 years$1,691$1,289$970$722$532$222
26 years$1,609$1,212$900$660$479$192
27 years$1,533$1,140$835$604$432$165
28 years$1,462$1,074$777$553$390$143
29 years$1,396$1,014$723$507$352$123
30 years$1,335$957$673$466$318$106
31 years$1,278$905$628$428$288$92
32 years$1,225$856$586$393$260$80
33 years$1,175$811$547$361$235$69
34 years$1,128$769$511$333$213$59
35 years$1,084$729$478$306$193$51
36 years$1,042$692$447$282$175$45
37 years$1,003$657$418$260$158$39
38 years$965$625$392$239$144$33
39 years$930$594$367$221$130$29
40 years$897$565$344$204$118$25
41 years$865$538$322$188$107$22
42 years$835$512$302$173$97$19
43 years$807$488$284$160$88$16
44 years$779$465$266$148$80$14
45 years$754$444$250$137$73$12
46 years$729$423$235$126$66$10
47 years$705$404$221$116$60$9
48 years$683$386$207$108$54$8
49 years$661$368$195$99$49$7
50 years$640$352$183$92$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $656,000, adding $3,872 every year, while hoping to spend $20,615 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: 51/24/25 Blend
44$656,000$656,000$656,000$656,000
45$726,906$692,138$681,970$758,704
46$779,116$704,119$682,882$793,170
47$835,961$715,995$683,133$828,223
48$897,891$727,741$682,680$865,920
49$965,403$739,328$681,477$906,523
50$1,039,043$750,723$679,475$950,316
51$1,119,412$761,895$676,624$997,618
52$1,207,172$772,808$672,871$1,048,776
53$1,303,051$783,423$668,160$1,104,177
54$1,407,851$793,700$662,432$1,164,246
55$1,522,455$803,595$655,627$1,229,453
56$1,647,836$813,061$647,681$1,300,315
57$1,785,063$822,049$638,526$1,377,405
58$1,935,315$830,505$628,093$1,461,354
59$2,099,891$838,374$616,308$1,552,857
60$2,280,220$845,594$603,094$1,652,683
61$2,477,875$852,101$588,370$1,761,681
62$2,694,592$857,827$572,054$1,880,785
63$2,932,278$862,698$554,055$2,011,027
64$3,193,038$866,638$534,284$2,153,547
65$3,479,188$869,563$512,642$2,309,601
66$3,793,279$871,386$489,030$2,480,575
67$4,138,123$872,014$463,342$2,667,998
68$4,516,816$871,347$435,469$2,873,557
69$4,932,769$869,281$405,295$3,099,113
70$5,389,739$865,703$372,699$3,346,718
71$5,891,865$860,495$337,558$3,618,638
72$6,443,709$853,533$299,739$3,917,368
73$7,050,292$844,681$259,105$4,245,665
74$7,717,151$833,799$215,515$4,606,566
75$8,450,383$820,738$168,817$5,003,422
76$9,256,706$805,338$118,856$5,439,928
77$10,143,522$787,432$65,470$5,920,162
78$11,118,987$766,841$8,489$6,448,616
79$12,192,085$743,378$0$7,030,248
80$13,372,716$716,842$0$7,684,481
81$14,671,788$687,022$0$8,406,709
82$16,101,319$653,696$0$9,201,363
83$17,674,553$616,626$0$10,075,826
84$19,406,080$575,563$0$11,038,236
85$21,311,977$530,243$0$12,097,560
86$23,409,960$480,386$0$13,263,685
87$25,719,549$425,697$0$14,547,507
88$28,262,251$365,864$0$15,961,034
89$31,061,767$300,558$0$17,517,503
90$34,144,212$229,430$0$19,231,503
91$37,538,361$152,112$0$21,119,114
92$41,275,924$68,216$0$23,198,058
93$45,391,842$0$0$25,487,869
94$49,924,614$0$0$28,016,062
95$54,916,668$0$0$30,820,355
96$60,414,753$0$0$33,909,006
97$66,470,385$0$0$37,310,966
98$73,140,332$0$0$41,058,137
99$80,487,147$0$0$45,185,676
100$88,579,762$0$0$49,732,322