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%17.9%
1 years$54,172$53,689$53,219$52,759$52,310$50,636
2 years$26,818$26,318$25,834$25,365$24,910$23,238
3 years$17,701$17,199$16,716$16,252$15,804$14,188
4 years$13,143$12,643$12,165$11,708$11,271$9,723
5 years$10,410$9,913$9,441$8,993$8,568$7,092
6 years$8,588$8,094$7,630$7,192$6,780$5,376
7 years$7,287$6,798$6,340$5,913$5,514$4,183
8 years$6,312$5,827$5,377$4,960$4,574$3,316
9 years$5,553$5,073$4,631$4,225$3,852$2,664
10 years$4,947$4,472$4,038$3,642$3,282$2,163
11 years$4,452$3,981$3,555$3,170$2,823$1,771
12 years$4,039$3,573$3,155$2,780$2,446$1,459
13 years$3,690$3,229$2,818$2,454$2,133$1,208
14 years$3,391$2,935$2,532$2,179$1,870$1,004
15 years$3,133$2,681$2,286$1,943$1,646$838
16 years$2,906$2,460$2,073$1,740$1,455$701
17 years$2,707$2,266$1,886$1,563$1,290$587
18 years$2,530$2,094$1,722$1,409$1,147$493
19 years$2,372$1,940$1,576$1,273$1,023$415
20 years$2,230$1,803$1,447$1,153$913$350
21 years$2,101$1,679$1,331$1,046$817$295
22 years$1,984$1,568$1,226$951$733$249
23 years$1,878$1,466$1,132$866$658$210
24 years$1,781$1,374$1,047$790$591$178
25 years$1,691$1,289$970$722$532$150
26 years$1,609$1,212$900$660$479$127
27 years$1,533$1,140$835$604$432$108
28 years$1,462$1,074$777$553$390$91
29 years$1,396$1,014$723$507$352$77
30 years$1,335$957$673$466$318$65
31 years$1,278$905$628$428$288$55
32 years$1,225$856$586$393$260$47
33 years$1,175$811$547$361$235$40
34 years$1,128$769$511$333$213$34
35 years$1,084$729$478$306$193$29
36 years$1,042$692$447$282$175$24
37 years$1,003$657$418$260$158$21
38 years$965$625$392$239$144$17
39 years$930$594$367$221$130$15
40 years$897$565$344$204$118$13
41 years$865$538$322$188$107$11
42 years$835$512$302$173$97$9
43 years$807$488$284$160$88$8
44 years$779$465$266$148$80$6
45 years$754$444$250$137$73$5
46 years$729$423$235$126$66$5
47 years$705$404$221$116$60$4
48 years$683$386$207$108$54$3
49 years$661$368$195$99$49$3
50 years$640$352$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $656,000, adding $4,554 every year, while hoping to spend $46,813 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: 82/13/5 Blend
44$656,000$656,000$656,000$656,000
45$727,609$692,841$682,673$786,826
46$752,017$676,982$655,734$810,324
47$777,345$658,776$626,324$829,353
48$803,638$638,060$594,310$848,782
49$830,944$614,660$559,554$868,622
50$859,313$588,391$521,911$888,888
51$888,799$559,059$481,232$909,594
52$919,461$526,457$437,357$930,756
53$951,360$490,368$390,123$952,392
54$984,564$450,561$339,357$974,523
55$1,019,144$406,792$284,880$997,172
56$1,055,177$358,805$226,503$1,020,362
57$1,092,745$306,327$164,032$1,044,122
58$1,131,939$249,071$97,261$1,068,483
59$1,172,854$186,733$25,976$1,093,479
60$1,215,594$118,992$0$1,119,150
61$1,260,272$45,510$0$1,148,212
62$1,307,009$0$0$1,179,692
63$1,355,935$0$0$1,217,146
64$1,407,194$0$0$1,263,209
65$1,460,940$0$0$1,311,511
66$1,517,339$0$0$1,362,203
67$1,576,573$0$0$1,415,449
68$1,638,840$0$0$1,471,426
69$1,704,354$0$0$1,530,328
70$1,773,349$0$0$1,592,365
71$1,846,078$0$0$1,657,768
72$1,922,819$0$0$1,726,786
73$2,003,873$0$0$1,799,691
74$2,089,570$0$0$1,876,781
75$2,180,269$0$0$1,958,380
76$2,276,363$0$0$2,044,843
77$2,378,280$0$0$2,136,556
78$2,486,489$0$0$2,233,942
79$2,601,502$0$0$2,337,465
80$2,723,881$0$0$2,447,631
81$2,854,238$0$0$2,564,993
82$2,993,247$0$0$2,690,159
83$3,141,642$0$0$2,823,793
84$3,300,231$0$0$2,966,624
85$3,469,898$0$0$3,119,450
86$3,651,611$0$0$3,283,147
87$3,846,434$0$0$3,458,674
88$4,055,534$0$0$3,647,086
89$4,280,189$0$0$3,849,537
90$4,521,806$0$0$4,067,298
91$4,781,926$0$0$4,301,762
92$5,062,244$0$0$4,554,458
93$5,364,620$0$0$4,827,067
94$5,691,098$0$0$5,121,436
95$6,043,925$0$0$5,439,594
96$6,425,568$0$0$5,783,771
97$6,838,742$0$0$6,156,419
98$7,286,429$0$0$6,560,231
99$7,771,909$0$0$6,998,172
100$8,298,789$0$0$7,473,500