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%14%
1 years$54,337$53,853$53,381$52,920$52,470$51,601
2 years$26,900$26,399$25,913$25,442$24,986$24,112
3 years$17,755$17,252$16,767$16,301$15,852$15,002
4 years$13,183$12,682$12,202$11,744$11,306$10,485
5 years$10,441$9,943$9,470$9,021$8,594$7,806
6 years$8,614$8,119$7,653$7,214$6,800$6,045
7 years$7,309$6,818$6,360$5,931$5,531$4,809
8 years$6,331$5,845$5,393$4,975$4,588$3,899
9 years$5,570$5,089$4,645$4,238$3,864$3,208
10 years$4,962$4,485$4,050$3,653$3,292$2,668
11 years$4,465$3,993$3,565$3,179$2,831$2,239
12 years$4,051$3,584$3,164$2,789$2,454$1,892
13 years$3,701$3,239$2,827$2,462$2,140$1,608
14 years$3,402$2,944$2,540$2,185$1,876$1,373
15 years$3,142$2,689$2,293$1,949$1,651$1,177
16 years$2,915$2,468$2,079$1,745$1,460$1,012
17 years$2,715$2,273$1,892$1,568$1,294$873
18 years$2,538$2,100$1,727$1,413$1,151$754
19 years$2,379$1,946$1,581$1,277$1,026$653
20 years$2,236$1,808$1,451$1,156$916$567
21 years$2,107$1,685$1,335$1,050$820$493
22 years$1,990$1,572$1,230$954$735$428
23 years$1,884$1,471$1,136$869$660$373
24 years$1,786$1,378$1,050$793$593$325
25 years$1,696$1,293$973$724$534$284
26 years$1,614$1,215$902$662$481$248
27 years$1,537$1,144$838$606$433$216
28 years$1,467$1,078$779$555$391$189
29 years$1,401$1,017$725$509$353$165
30 years$1,339$960$675$467$319$145
31 years$1,282$908$629$429$288$127
32 years$1,229$859$587$394$261$111
33 years$1,178$813$548$363$236$97
34 years$1,131$771$512$334$214$85
35 years$1,087$731$479$307$194$74
36 years$1,045$694$448$283$175$65
37 years$1,006$659$419$261$159$57
38 years$968$626$393$240$144$50
39 years$933$596$368$221$131$44
40 years$900$567$345$204$119$38
41 years$868$539$323$188$108$34
42 years$838$514$303$174$98$30
43 years$809$490$285$161$89$26
44 years$782$467$267$148$80$23
45 years$756$445$251$137$73$20
46 years$731$424$236$126$66$17
47 years$707$405$221$117$60$15
48 years$685$387$208$108$55$13
49 years$663$369$196$100$50$12
50 years$642$353$184$92$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $658,000, adding $2,131 every year, while hoping to spend $27,790 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: 24/46/30 Blend
44$658,000$658,000$658,000$658,000
45$727,314$692,440$682,241$737,894
46$771,932$696,801$675,528$751,530
47$820,169$700,445$667,658$763,659
48$872,366$703,306$658,564$776,080
49$928,896$705,317$648,175$788,836
50$990,169$706,403$636,415$801,979
51$1,056,638$706,489$623,207$815,565
52$1,128,800$705,491$608,468$829,661
53$1,207,200$703,323$592,114$844,343
54$1,292,439$699,891$574,055$859,698
55$1,385,179$695,097$554,198$875,824
56$1,486,148$688,836$532,443$892,833
57$1,596,145$681,000$508,690$910,851
58$1,716,052$671,468$482,831$930,022
59$1,846,838$660,119$454,755$950,508
60$1,989,570$646,820$424,344$972,490
61$2,145,423$631,431$391,476$996,176
62$2,315,689$613,804$356,024$1,021,796
63$2,501,794$593,785$317,855$1,049,609
64$2,705,302$571,206$276,829$1,079,908
65$2,927,941$545,893$232,801$1,113,019
66$3,171,611$517,661$185,619$1,149,309
67$3,438,402$486,314$135,124$1,189,186
68$3,730,620$451,644$81,152$1,233,110
69$4,050,801$413,432$23,528$1,281,592
70$4,401,740$371,448$0$1,335,204
71$4,786,514$325,445$0$1,406,736
72$5,208,513$275,167$0$1,493,573
73$5,671,469$220,338$0$1,589,031
74$6,179,496$160,671$0$1,694,057
75$6,737,121$95,860$0$1,809,703
76$7,349,334$25,585$0$1,937,131
77$8,021,632$0$0$2,077,631
78$8,760,068$0$0$2,258,190
79$9,571,312$0$0$2,470,899
80$10,462,710$0$0$2,704,750
81$11,442,358$0$0$2,961,881
82$12,519,172$0$0$3,244,648
83$13,702,976$0$0$3,555,648
84$15,004,594$0$0$3,897,742
85$16,435,950$0$0$4,274,081
86$18,010,183$0$0$4,688,138
87$19,741,767$0$0$5,143,739
88$21,646,651$0$0$5,645,099
89$23,742,406$0$0$6,196,864
90$26,048,395$0$0$6,804,152
91$28,585,948$0$0$7,472,603
92$31,378,571$0$0$8,208,430
93$34,452,163$0$0$9,018,480
94$37,835,260$0$0$9,910,299
95$41,559,305$0$0$10,892,199
96$45,658,946$0$0$11,973,340
97$50,172,359$0$0$13,163,818
98$55,141,610$0$0$14,474,754
99$60,613,052$0$0$15,918,404
100$66,637,762$0$0$17,508,275