Can I retire at age 45 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$54,337$53,853$53,381$52,920$52,470$50,608
2 years$26,900$26,399$25,913$25,442$24,986$23,130
3 years$17,755$17,252$16,767$16,301$15,852$14,060
4 years$13,183$12,682$12,202$11,744$11,306$9,592
5 years$10,441$9,943$9,470$9,021$8,594$6,963
6 years$8,614$8,119$7,653$7,214$6,800$5,253
7 years$7,309$6,818$6,360$5,931$5,531$4,066
8 years$6,331$5,845$5,393$4,975$4,588$3,206
9 years$5,570$5,089$4,645$4,238$3,864$2,562
10 years$4,962$4,485$4,050$3,653$3,292$2,068
11 years$4,465$3,993$3,565$3,179$2,831$1,683
12 years$4,051$3,584$3,164$2,789$2,454$1,378
13 years$3,701$3,239$2,827$2,462$2,140$1,134
14 years$3,402$2,944$2,540$2,185$1,876$937
15 years$3,142$2,689$2,293$1,949$1,651$777
16 years$2,915$2,468$2,079$1,745$1,460$645
17 years$2,715$2,273$1,892$1,568$1,294$537
18 years$2,538$2,100$1,727$1,413$1,151$448
19 years$2,379$1,946$1,581$1,277$1,026$375
20 years$2,236$1,808$1,451$1,156$916$313
21 years$2,107$1,685$1,335$1,050$820$262
22 years$1,990$1,572$1,230$954$735$220
23 years$1,884$1,471$1,136$869$660$184
24 years$1,786$1,378$1,050$793$593$155
25 years$1,696$1,293$973$724$534$130
26 years$1,614$1,215$902$662$481$109
27 years$1,537$1,144$838$606$433$92
28 years$1,467$1,078$779$555$391$77
29 years$1,401$1,017$725$509$353$65
30 years$1,339$960$675$467$319$54
31 years$1,282$908$629$429$288$46
32 years$1,229$859$587$394$261$39
33 years$1,178$813$548$363$236$32
34 years$1,131$771$512$334$214$27
35 years$1,087$731$479$307$194$23
36 years$1,045$694$448$283$175$19
37 years$1,006$659$419$261$159$16
38 years$968$626$393$240$144$14
39 years$933$596$368$221$131$12
40 years$900$567$345$204$119$10
41 years$868$539$323$188$108$8
42 years$838$514$303$174$98$7
43 years$809$490$285$161$89$6
44 years$782$467$267$148$80$5
45 years$756$445$251$137$73$4
46 years$731$424$236$126$66$3
47 years$707$405$221$117$60$3
48 years$685$387$208$108$55$2
49 years$663$369$196$100$50$2
50 years$642$353$184$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $658,000, adding $4,642 every year, while hoping to spend $38,885 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: 28/44/28 Blend
44$658,000$658,000$658,000$658,000
45$729,904$695,030$684,831$743,909
46$762,981$687,713$666,400$748,151
47$798,129$678,735$646,048$749,040
48$835,517$667,972$623,669$749,213
49$875,332$655,295$599,155$748,635
50$917,778$640,566$572,388$747,274
51$963,078$623,641$543,250$745,095
52$1,011,477$604,364$511,614$742,068
53$1,063,242$582,573$477,348$738,160
54$1,118,669$558,095$440,315$733,344
55$1,178,079$530,747$400,371$727,593
56$1,241,825$500,336$357,366$720,884
57$1,310,297$466,658$311,143$713,197
58$1,383,919$429,497$261,539$704,516
59$1,463,161$388,623$208,382$694,832
60$1,548,534$343,797$151,494$684,138
61$1,640,604$294,762$90,688$672,438
62$1,739,989$241,250$25,770$659,743
63$1,847,372$182,974$0$646,072
64$1,963,499$119,635$0$644,455
65$2,089,193$50,915$0$650,997
66$2,225,359$0$0$658,115
67$2,372,991$0$0$677,341
68$2,533,181$0$0$725,041
69$2,707,133$0$0$776,932
70$2,896,167$0$0$833,422
71$3,101,740$0$0$894,957
72$3,325,452$0$0$962,028
73$3,569,063$0$0$1,035,179
74$3,834,511$0$0$1,115,004
75$4,123,930$0$0$1,202,159
76$4,439,665$0$0$1,297,367
77$4,784,301$0$0$1,401,423
78$5,160,681$0$0$1,515,202
79$5,571,936$0$0$1,639,668
80$6,021,513$0$0$1,775,882
81$6,513,205$0$0$1,925,012
82$7,051,191$0$0$2,088,344
83$7,640,071$0$0$2,267,297
84$8,284,911$0$0$2,463,430
85$8,991,290$0$0$2,678,462
86$9,765,351$0$0$2,914,286
87$10,613,860$0$0$3,172,986
88$11,544,269$0$0$3,456,859
89$12,564,785$0$0$3,768,434
90$13,684,448$0$0$4,110,498
91$14,913,216$0$0$4,486,120
92$16,262,056$0$0$4,898,679
93$17,743,050$0$0$5,351,902
94$19,369,507$0$0$5,849,890
95$21,156,087$0$0$6,397,165
96$23,118,942$0$0$6,998,704
97$25,275,863$0$0$7,659,995
98$27,646,452$0$0$8,387,082
99$30,252,304$0$0$9,186,623
100$33,117,208$0$0$10,065,955