Can I retire at age 45 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$53,759$53,280$52,813$52,357$51,912$50,150
2 years$26,613$26,118$25,637$25,172$24,720$22,962
3 years$17,566$17,068$16,589$16,128$15,683$13,985
4 years$13,043$12,547$12,073$11,619$11,185$9,560
5 years$10,330$9,837$9,369$8,925$8,503$6,955
6 years$8,522$8,033$7,571$7,137$6,728$5,258
7 years$7,231$6,746$6,292$5,868$5,472$4,080
8 years$6,263$5,782$5,336$4,922$4,539$3,224
9 years$5,511$5,035$4,596$4,193$3,823$2,583
10 years$4,910$4,438$4,007$3,614$3,257$2,091
11 years$4,418$3,951$3,528$3,145$2,801$1,706
12 years$4,008$3,546$3,131$2,759$2,428$1,400
13 years$3,662$3,204$2,797$2,436$2,117$1,155
14 years$3,365$2,913$2,513$2,162$1,856$957
15 years$3,109$2,661$2,269$1,928$1,634$796
16 years$2,884$2,441$2,057$1,727$1,444$663
17 years$2,686$2,248$1,872$1,551$1,280$554
18 years$2,511$2,078$1,709$1,398$1,138$463
19 years$2,354$1,925$1,564$1,263$1,015$388
20 years$2,213$1,789$1,436$1,144$906$326
21 years$2,085$1,667$1,321$1,038$811$274
22 years$1,969$1,556$1,217$944$727$230
23 years$1,864$1,455$1,124$860$653$194
24 years$1,767$1,363$1,039$784$587$163
25 years$1,678$1,279$963$716$528$137
26 years$1,597$1,202$893$655$475$116
27 years$1,521$1,132$829$599$429$98
28 years$1,451$1,066$771$549$387$82
29 years$1,386$1,006$717$504$349$69
30 years$1,325$950$668$462$316$59
31 years$1,269$898$623$424$285$49
32 years$1,216$850$581$390$258$42
33 years$1,166$805$543$359$234$35
34 years$1,119$763$507$330$211$30
35 years$1,075$723$474$304$192$25
36 years$1,034$687$443$280$174$21
37 years$995$652$415$258$157$18
38 years$958$620$389$238$143$15
39 years$923$589$364$219$129$13
40 years$890$561$341$202$117$11
41 years$859$534$320$186$106$9
42 years$829$508$300$172$97$8
43 years$800$484$282$159$88$6
44 years$773$462$264$147$80$5
45 years$748$440$248$135$72$5
46 years$723$420$233$125$66$4
47 years$700$401$219$116$60$3
48 years$677$383$206$107$54$3
49 years$656$365$193$99$49$2
50 years$636$349$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $651,000, adding $6,835 every year, while hoping to spend $24,476 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: 29/46/25 Blend
44$651,000$651,000$651,000$651,000
45$724,452$689,949$679,859$739,681
46$772,304$697,715$676,592$759,878
47$824,217$705,040$672,395$778,968
48$880,578$711,878$667,211$798,992
49$941,815$718,179$660,981$820,045
50$1,008,398$723,887$653,642$842,237
51$1,080,845$728,947$645,129$865,687
52$1,159,722$733,297$635,372$890,531
53$1,245,657$736,872$624,300$916,918
54$1,339,338$739,603$611,839$945,017
55$1,441,524$741,416$597,908$975,012
56$1,553,047$742,234$582,426$1,007,113
57$1,674,828$741,973$565,307$1,041,550
58$1,807,876$740,546$546,461$1,078,581
59$1,953,305$737,858$525,793$1,118,493
60$2,112,340$733,811$503,205$1,161,602
61$2,286,330$728,299$478,594$1,208,264
62$2,476,761$721,211$451,852$1,258,872
63$2,685,269$712,429$422,867$1,313,861
64$2,913,655$701,826$391,521$1,373,717
65$3,163,902$689,270$357,692$1,438,978
66$3,438,195$674,619$321,250$1,510,242
67$3,738,942$657,726$282,062$1,588,170
68$4,068,791$638,432$239,988$1,673,497
69$4,430,661$616,569$194,882$1,767,037
70$4,827,768$591,960$146,590$1,869,694
71$5,263,654$564,419$94,954$1,982,468
72$5,742,218$533,748$39,806$2,106,466
73$6,267,759$499,736$0$2,242,917
74$6,845,010$462,162$0$2,398,259
75$7,479,185$420,792$0$2,580,580
76$8,176,029$375,379$0$2,780,964
77$8,941,872$325,660$0$3,001,310
78$9,783,685$271,360$0$3,243,710
79$10,709,150$212,186$0$3,510,478
80$11,726,730$147,829$0$3,804,169
81$12,845,748$77,964$0$4,127,607
82$14,076,477$2,247$0$4,483,906
83$15,430,235$0$0$4,876,508
84$16,919,492$0$0$5,349,549
85$18,557,987$0$0$5,871,366
86$20,360,859$0$0$6,445,656
87$22,344,787$0$0$7,077,750
88$24,528,151$0$0$7,773,519
89$26,931,200$0$0$8,539,432
90$29,576,247$0$0$9,382,618
91$32,487,878$0$0$10,310,932
92$35,693,183$0$0$11,333,030
93$39,222,013$0$0$12,458,449
94$43,107,259$0$0$13,697,698
95$47,385,165$0$0$15,062,358
96$52,095,668$0$0$16,565,189
97$57,282,775$0$0$18,220,253
98$62,994,977$0$0$20,043,044
99$69,285,709$0$0$22,050,636
100$76,213,851$0$0$24,261,843