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%18.6%
1 years$54,172$53,689$53,219$52,759$52,310$50,495
2 years$26,818$26,318$25,834$25,365$24,910$23,099
3 years$17,701$17,199$16,716$16,252$15,804$14,055
4 years$13,143$12,643$12,165$11,708$11,271$9,598
5 years$10,410$9,913$9,441$8,993$8,568$6,975
6 years$8,588$8,094$7,630$7,192$6,780$5,268
7 years$7,287$6,798$6,340$5,913$5,514$4,082
8 years$6,312$5,827$5,377$4,960$4,574$3,222
9 years$5,553$5,073$4,631$4,225$3,852$2,578
10 years$4,947$4,472$4,038$3,642$3,282$2,084
11 years$4,452$3,981$3,555$3,170$2,823$1,698
12 years$4,039$3,573$3,155$2,780$2,446$1,392
13 years$3,690$3,229$2,818$2,454$2,133$1,147
14 years$3,391$2,935$2,532$2,179$1,870$949
15 years$3,133$2,681$2,286$1,943$1,646$788
16 years$2,906$2,460$2,073$1,740$1,455$656
17 years$2,707$2,266$1,886$1,563$1,290$547
18 years$2,530$2,094$1,722$1,409$1,147$457
19 years$2,372$1,940$1,576$1,273$1,023$382
20 years$2,230$1,803$1,447$1,153$913$320
21 years$2,101$1,679$1,331$1,046$817$269
22 years$1,984$1,568$1,226$951$733$226
23 years$1,878$1,466$1,132$866$658$189
24 years$1,781$1,374$1,047$790$591$159
25 years$1,691$1,289$970$722$532$134
26 years$1,609$1,212$900$660$479$113
27 years$1,533$1,140$835$604$432$95
28 years$1,462$1,074$777$553$390$80
29 years$1,396$1,014$723$507$352$67
30 years$1,335$957$673$466$318$57
31 years$1,278$905$628$428$288$48
32 years$1,225$856$586$393$260$40
33 years$1,175$811$547$361$235$34
34 years$1,128$769$511$333$213$29
35 years$1,084$729$478$306$193$24
36 years$1,042$692$447$282$175$20
37 years$1,003$657$418$260$158$17
38 years$965$625$392$239$144$14
39 years$930$594$367$221$130$12
40 years$897$565$344$204$118$10
41 years$865$538$322$188$107$9
42 years$835$512$302$173$97$7
43 years$807$488$284$160$88$6
44 years$779$465$266$148$80$5
45 years$754$444$250$137$73$4
46 years$729$423$235$126$66$4
47 years$705$404$221$116$60$3
48 years$683$386$207$108$54$3
49 years$661$368$195$99$49$2
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 $5,777 every year, while hoping to spend $39,115 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: 65/29/6 Blend
44$656,000$656,000$656,000$656,000
45$728,871$694,103$683,935$775,162
46$761,598$686,496$665,229$799,057
47$796,352$677,205$644,585$819,953
48$833,298$666,107$621,897$841,746
49$872,619$653,070$597,055$864,520
50$914,511$637,956$569,941$888,366
51$959,192$620,616$540,435$913,389
52$1,006,899$600,897$508,410$939,704
53$1,057,894$578,631$473,732$967,438
54$1,112,461$553,647$436,264$996,735
55$1,170,914$525,757$395,861$1,027,754
56$1,233,597$494,768$352,372$1,060,672
57$1,300,885$460,473$305,637$1,095,687
58$1,373,192$422,654$255,493$1,133,019
59$1,450,973$381,079$201,768$1,172,911
60$1,534,726$335,505$144,280$1,215,636
61$1,624,997$285,674$82,843$1,261,496
62$1,722,389$231,314$17,260$1,310,826
63$1,827,561$172,137$0$1,364,000
64$1,941,240$107,840$0$1,424,808
65$2,064,223$38,100$0$1,491,732
66$2,197,387$0$0$1,564,192
67$2,341,696$0$0$1,654,711
68$2,498,210$0$0$1,766,108
69$2,668,095$0$0$1,887,061
70$2,852,633$0$0$2,018,487
71$3,053,234$0$0$2,161,394
72$3,271,450$0$0$2,316,894
73$3,508,987$0$0$2,486,210
74$3,767,725$0$0$2,670,684
75$4,049,729$0$0$2,871,798
76$4,357,276$0$0$3,091,179
77$4,692,868$0$0$3,330,621
78$5,059,262$0$0$3,592,096
79$5,459,491$0$0$3,877,777
80$5,896,896$0$0$4,190,055
81$6,375,152$0$0$4,531,562
82$6,898,309$0$0$4,905,198
83$7,470,825$0$0$5,314,155
84$8,097,607$0$0$5,761,947
85$8,784,060$0$0$6,252,445
86$9,536,137$0$0$6,789,912
87$10,360,394$0$0$7,379,041
88$11,264,049$0$0$8,025,002
89$12,255,054$0$0$8,733,491
90$13,342,167$0$0$9,510,779
91$14,535,034$0$0$10,363,773
92$15,844,280$0$0$11,300,085
93$17,281,610$0$0$12,328,095
94$18,859,915$0$0$13,457,038
95$20,593,399$0$0$14,697,084
96$22,497,705$0$0$16,059,439
97$24,590,070$0$0$17,556,446
98$26,889,481$0$0$19,201,705
99$29,416,855$0$0$21,010,197
100$32,195,237$0$0$22,998,428