Can I retire at age 45 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$54,254$53,771$53,300$52,839$52,390$51,165
2 years$26,859$26,358$25,874$25,404$24,948$23,721
3 years$17,728$17,226$16,742$16,276$15,828$14,637
4 years$13,163$12,663$12,184$11,726$11,289$10,143
5 years$10,425$9,928$9,455$9,007$8,581$7,484
6 years$8,601$8,107$7,641$7,203$6,790$5,743
7 years$7,298$6,808$6,350$5,922$5,522$4,524
8 years$6,321$5,836$5,385$4,968$4,581$3,633
9 years$5,562$5,081$4,638$4,231$3,858$2,958
10 years$4,955$4,479$4,044$3,647$3,287$2,435
11 years$4,459$3,987$3,560$3,174$2,827$2,022
12 years$4,045$3,579$3,159$2,784$2,450$1,690
13 years$3,696$3,234$2,823$2,458$2,136$1,420
14 years$3,396$2,940$2,536$2,182$1,873$1,198
15 years$3,137$2,685$2,290$1,946$1,649$1,015
16 years$2,911$2,464$2,076$1,742$1,457$863
17 years$2,711$2,269$1,889$1,566$1,292$735
18 years$2,534$2,097$1,725$1,411$1,149$627
19 years$2,375$1,943$1,579$1,275$1,024$537
20 years$2,233$1,806$1,449$1,155$915$460
21 years$2,104$1,682$1,333$1,048$819$394
22 years$1,987$1,570$1,228$953$734$338
23 years$1,881$1,468$1,134$868$659$291
24 years$1,783$1,376$1,049$791$592$250
25 years$1,694$1,291$971$723$533$215
26 years$1,611$1,213$901$661$480$185
27 years$1,535$1,142$837$605$433$160
28 years$1,464$1,076$778$554$390$138
29 years$1,399$1,015$724$508$352$119
30 years$1,337$959$674$466$318$102
31 years$1,280$906$629$428$288$88
32 years$1,227$858$586$394$260$76
33 years$1,177$812$548$362$236$66
34 years$1,130$770$512$333$213$57
35 years$1,085$730$478$307$193$49
36 years$1,043$693$447$282$175$42
37 years$1,004$658$419$260$159$37
38 years$967$625$392$240$144$32
39 years$932$595$367$221$131$27
40 years$898$566$344$204$118$24
41 years$867$539$323$188$107$20
42 years$836$513$303$174$97$18
43 years$808$489$284$160$88$15
44 years$781$466$267$148$80$13
45 years$755$444$251$137$73$11
46 years$730$424$235$126$66$10
47 years$706$404$221$117$60$8
48 years$684$386$208$108$55$7
49 years$662$369$195$100$50$6
50 years$641$352$184$92$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $657,000, adding $2,346 every year, while hoping to spend $50,227 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: 70/7/23 Blend
44$657,000$657,000$657,000$657,000
45$726,434$691,613$681,429$772,936
46$747,089$672,061$650,816$784,767
47$768,168$649,867$617,494$791,615
48$789,660$624,850$581,319$797,902
49$811,553$596,815$542,141$803,567
50$833,832$565,560$499,803$808,546
51$856,477$530,867$454,141$812,770
52$879,467$492,508$404,984$816,165
53$902,773$450,242$352,152$818,649
54$926,366$403,814$295,459$820,136
55$950,208$352,953$234,709$820,530
56$974,255$297,374$169,698$819,730
57$998,461$236,777$100,215$817,625
58$1,022,767$170,842$26,035$814,096
59$1,047,111$99,235$0$809,014
60$1,071,418$21,599$0$815,276
61$1,095,605$0$0$827,360
62$1,119,579$0$0$843,578
63$1,143,234$0$0$861,193
64$1,166,449$0$0$878,449
65$1,189,090$0$0$895,242
66$1,211,006$0$0$911,454
67$1,232,028$0$0$926,954
68$1,251,964$0$0$941,595
69$1,270,604$0$0$955,213
70$1,287,710$0$0$967,623
71$1,303,016$0$0$978,620
72$1,316,229$0$0$987,977
73$1,327,019$0$0$995,438
74$1,335,021$0$0$1,000,722
75$1,339,827$0$0$1,003,512
76$1,340,985$0$0$1,003,459
77$1,337,993$0$0$1,000,175
78$1,330,292$0$0$993,229
79$1,317,265$0$0$982,142
80$1,298,225$0$0$966,383
81$1,272,410$0$0$945,365
82$1,238,978$0$0$918,436
83$1,196,994$0$0$884,875
84$1,145,425$0$0$843,882
85$1,083,126$0$0$794,573
86$1,008,829$0$0$735,971
87$921,133$0$0$666,992
88$818,488$0$0$586,439
89$699,181$0$0$492,990
90$561,317$0$0$385,181
91$402,801$0$0$261,396
92$221,320$0$0$119,848
93$14,317$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0