Can I retire at age 45 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$53,676$53,198$52,732$52,276$51,832$50,785
2 years$26,572$26,078$25,598$25,133$24,682$23,632
3 years$17,539$17,042$16,564$16,103$15,659$14,639
4 years$13,023$12,528$12,054$11,601$11,168$10,185
5 years$10,314$9,822$9,354$8,911$8,490$7,547
6 years$8,509$8,020$7,560$7,126$6,718$5,816
7 years$7,220$6,735$6,282$5,859$5,463$4,603
8 years$6,254$5,773$5,328$4,915$4,532$3,713
9 years$5,503$5,027$4,589$4,186$3,817$3,038
10 years$4,902$4,431$4,001$3,609$3,252$2,514
11 years$4,411$3,945$3,522$3,141$2,797$2,097
12 years$4,002$3,540$3,126$2,755$2,424$1,762
13 years$3,656$3,200$2,793$2,432$2,114$1,489
14 years$3,360$2,908$2,509$2,159$1,853$1,263
15 years$3,104$2,657$2,266$1,925$1,631$1,076
16 years$2,880$2,438$2,054$1,724$1,442$920
17 years$2,682$2,245$1,869$1,549$1,278$788
18 years$2,507$2,074$1,706$1,396$1,137$677
19 years$2,350$1,923$1,562$1,261$1,013$582
20 years$2,209$1,786$1,433$1,142$905$502
21 years$2,082$1,664$1,319$1,037$810$433
22 years$1,966$1,553$1,215$943$726$374
23 years$1,861$1,453$1,122$858$652$323
24 years$1,764$1,361$1,038$783$586$280
25 years$1,676$1,277$961$715$527$242
26 years$1,594$1,201$891$654$475$210
27 years$1,519$1,130$828$598$428$182
28 years$1,449$1,065$769$548$386$158
29 years$1,384$1,004$716$503$349$137
30 years$1,323$949$667$461$315$119
31 years$1,267$897$622$424$285$103
32 years$1,214$848$580$390$258$90
33 years$1,164$803$542$358$233$78
34 years$1,117$762$506$330$211$68
35 years$1,074$722$473$303$191$59
36 years$1,032$686$443$279$173$51
37 years$993$651$414$257$157$45
38 years$957$619$388$237$142$39
39 years$922$588$364$219$129$34
40 years$889$560$341$202$117$29
41 years$857$533$319$186$106$26
42 years$828$508$300$172$96$22
43 years$799$484$281$159$87$19
44 years$772$461$264$146$79$17
45 years$747$440$248$135$72$15
46 years$722$419$233$125$65$13
47 years$699$400$219$115$59$11
48 years$676$382$206$107$54$10
49 years$655$365$193$99$49$8
50 years$635$348$182$91$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $650,000, adding $4,290 every year, while hoping to spend $43,647 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: 75/19/6 Blend
44$650,000$650,000$650,000$650,000
45$720,725$686,275$676,200$774,003
46$747,799$673,463$652,413$796,818
47$776,172$658,559$626,366$815,811
48$805,929$641,417$597,937$835,359
49$837,166$621,878$567,000$855,500
50$869,983$599,776$533,420$876,276
51$904,491$574,935$497,060$897,737
52$940,811$547,169$457,773$919,935
53$979,073$516,280$415,408$942,931
54$1,019,421$482,060$369,807$966,789
55$1,062,009$444,288$320,803$991,586
56$1,107,008$402,732$268,223$1,017,404
57$1,154,602$357,144$211,887$1,044,336
58$1,204,992$307,266$151,607$1,072,485
59$1,258,400$252,820$87,184$1,101,967
60$1,315,066$193,518$18,414$1,132,910
61$1,375,254$129,051$0$1,165,458
62$1,439,252$59,097$0$1,203,289
63$1,507,375$0$0$1,244,550
64$1,579,967$0$0$1,291,762
65$1,657,408$0$0$1,355,323
66$1,740,111$0$0$1,423,219
67$1,828,529$0$0$1,495,825
68$1,923,160$0$0$1,573,550
69$2,024,549$0$0$1,656,846
70$2,133,294$0$0$1,746,207
71$2,250,053$0$0$1,842,173
72$2,375,544$0$0$1,945,340
73$2,510,558$0$0$2,056,362
74$2,655,965$0$0$2,175,954
75$2,812,717$0$0$2,304,904
76$2,981,862$0$0$2,444,079
77$3,164,550$0$0$2,594,427
78$3,362,046$0$0$2,756,994
79$3,575,741$0$0$2,932,928
80$3,807,161$0$0$3,123,490
81$4,057,987$0$0$3,330,070
82$4,330,067$0$0$3,554,191
83$4,625,430$0$0$3,797,534
84$4,946,312$0$0$4,061,943
85$5,295,170$0$0$4,349,450
86$5,674,708$0$0$4,662,287
87$6,087,901$0$0$5,002,914
88$6,538,023$0$0$5,374,034
89$7,028,675$0$0$5,778,625
90$7,563,823$0$0$6,219,961
91$8,147,830$0$0$6,701,650
92$8,785,499$0$0$7,227,658
93$9,482,118$0$0$7,802,357
94$10,243,508$0$0$8,430,556
95$11,076,078$0$0$9,117,550
96$11,986,883$0$0$9,869,170
97$12,983,693$0$0$10,691,837
98$14,075,063$0$0$11,592,620
99$15,270,415$0$0$12,579,305
100$16,580,123$0$0$13,660,466