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%19.2%
1 years$53,676$53,198$52,732$52,276$51,832$49,913
2 years$26,572$26,078$25,598$25,133$24,682$22,771
3 years$17,539$17,042$16,564$16,103$15,659$13,815
4 years$13,023$12,528$12,054$11,601$11,168$9,406
5 years$10,314$9,822$9,354$8,911$8,490$6,814
6 years$8,509$8,020$7,560$7,126$6,718$5,129
7 years$7,220$6,735$6,282$5,859$5,463$3,961
8 years$6,254$5,773$5,328$4,915$4,532$3,116
9 years$5,503$5,027$4,589$4,186$3,817$2,484
10 years$4,902$4,431$4,001$3,609$3,252$2,000
11 years$4,411$3,945$3,522$3,141$2,797$1,623
12 years$4,002$3,540$3,126$2,755$2,424$1,326
13 years$3,656$3,200$2,793$2,432$2,114$1,088
14 years$3,360$2,908$2,509$2,159$1,853$896
15 years$3,104$2,657$2,266$1,925$1,631$741
16 years$2,880$2,438$2,054$1,724$1,442$614
17 years$2,682$2,245$1,869$1,549$1,278$510
18 years$2,507$2,074$1,706$1,396$1,137$424
19 years$2,350$1,923$1,562$1,261$1,013$353
20 years$2,209$1,786$1,433$1,142$905$295
21 years$2,082$1,664$1,319$1,037$810$246
22 years$1,966$1,553$1,215$943$726$205
23 years$1,861$1,453$1,122$858$652$172
24 years$1,764$1,361$1,038$783$586$144
25 years$1,676$1,277$961$715$527$120
26 years$1,594$1,201$891$654$475$101
27 years$1,519$1,130$828$598$428$84
28 years$1,449$1,065$769$548$386$71
29 years$1,384$1,004$716$503$349$59
30 years$1,323$949$667$461$315$50
31 years$1,267$897$622$424$285$42
32 years$1,214$848$580$390$258$35
33 years$1,164$803$542$358$233$29
34 years$1,117$762$506$330$211$25
35 years$1,074$722$473$303$191$21
36 years$1,032$686$443$279$173$17
37 years$993$651$414$257$157$14
38 years$957$619$388$237$142$12
39 years$922$588$364$219$129$10
40 years$889$560$341$202$117$9
41 years$857$533$319$186$106$7
42 years$828$508$300$172$96$6
43 years$799$484$281$159$87$5
44 years$772$461$264$146$79$4
45 years$747$440$248$135$72$4
46 years$722$419$233$125$65$3
47 years$699$400$219$115$59$2
48 years$676$382$206$107$54$2
49 years$655$365$193$99$49$2
50 years$635$348$182$91$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $650,000, adding $4,041 every year, while hoping to spend $38,441 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: 34/45/21 Blend
44$650,000$650,000$650,000$650,000
45$720,468$686,018$675,943$740,218
46$753,055$678,732$657,686$747,899
47$787,677$669,801$637,530$752,363
48$824,502$659,103$615,369$756,385
49$863,712$646,510$591,094$759,951
50$905,508$631,886$564,593$763,046
51$950,108$615,086$535,745$765,659
52$997,753$595,959$504,426$767,780
53$1,048,706$574,343$470,507$769,405
54$1,103,255$550,068$433,850$770,530
55$1,161,717$522,951$394,314$771,159
56$1,224,439$492,802$351,750$771,299
57$1,291,802$459,419$306,004$770,963
58$1,364,223$422,589$256,913$770,173
59$1,442,163$382,084$204,308$768,957
60$1,526,123$337,667$148,012$767,353
61$1,616,659$289,084$87,842$765,410
62$1,714,379$236,069$23,605$763,186
63$1,819,949$178,340$0$760,757
64$1,934,105$115,599$0$768,283
65$2,057,652$47,533$0$782,098
66$2,191,480$0$0$797,083
67$2,336,562$0$0$826,407
68$2,493,971$0$0$883,840
69$2,664,887$0$0$946,285
70$2,850,607$0$0$1,014,226
71$3,052,559$0$0$1,088,198
72$3,272,312$0$0$1,168,785
73$3,511,594$0$0$1,256,635
74$3,772,306$0$0$1,352,458
75$4,056,541$0$0$1,457,035
76$4,366,601$0$0$1,571,228
77$4,705,020$0$0$1,695,984
78$5,074,588$0$0$1,832,346
79$5,478,376$0$0$1,981,464
80$5,919,765$0$0$2,144,602
81$6,402,478$0$0$2,323,152
82$6,930,613$0$0$2,518,648
83$7,508,682$0$0$2,732,779
84$8,141,656$0$0$2,967,403
85$8,835,006$0$0$3,224,569
86$9,594,759$0$0$3,506,533
87$10,427,553$0$0$3,815,779
88$11,340,696$0$0$4,155,042
89$12,342,241$0$0$4,527,337
90$13,441,054$0$0$4,935,983
91$14,646,902$0$0$5,384,637
92$15,970,546$0$0$5,877,327
93$17,423,835$0$0$6,418,490
94$19,019,826$0$0$7,013,015
95$20,772,898$0$0$7,666,286
96$22,698,895$0$0$8,384,236
97$24,815,268$0$0$9,173,400
98$27,141,247$0$0$10,040,980
99$29,698,012$0$0$10,994,907
100$32,508,900$0$0$12,043,922