Can I retire at age 45 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$54,007$53,526$53,056$52,598$52,151$50,441
2 years$26,736$26,238$25,755$25,288$24,834$23,128
3 years$17,647$17,147$16,666$16,202$15,756$14,106
4 years$13,103$12,605$12,128$11,673$11,237$9,658
5 years$10,378$9,882$9,412$8,966$8,542$7,037
6 years$8,561$8,070$7,606$7,170$6,759$5,329
7 years$7,265$6,777$6,321$5,895$5,497$4,142
8 years$6,292$5,809$5,361$4,945$4,560$3,279
9 years$5,537$5,058$4,617$4,212$3,840$2,632
10 years$4,932$4,458$4,025$3,631$3,272$2,134
11 years$4,438$3,969$3,544$3,160$2,814$1,744
12 years$4,027$3,562$3,145$2,772$2,439$1,435
13 years$3,679$3,219$2,810$2,447$2,127$1,187
14 years$3,381$2,926$2,525$2,172$1,864$985
15 years$3,123$2,673$2,279$1,937$1,641$821
16 years$2,897$2,453$2,067$1,735$1,451$685
17 years$2,699$2,259$1,881$1,558$1,286$574
18 years$2,522$2,087$1,717$1,404$1,144$481
19 years$2,365$1,934$1,572$1,269$1,019$404
20 years$2,223$1,797$1,442$1,149$911$340
21 years$2,095$1,674$1,327$1,043$815$286
22 years$1,978$1,563$1,223$948$730$241
23 years$1,872$1,462$1,129$864$656$203
24 years$1,775$1,370$1,044$788$589$172
25 years$1,686$1,285$967$719$530$145
26 years$1,604$1,208$897$658$478$122
27 years$1,528$1,137$833$602$431$103
28 years$1,458$1,071$774$552$389$87
29 years$1,392$1,011$720$506$351$74
30 years$1,331$954$671$464$317$63
31 years$1,274$902$626$426$287$53
32 years$1,221$854$584$392$259$45
33 years$1,171$808$545$360$235$38
34 years$1,124$766$509$332$212$32
35 years$1,080$727$476$305$192$27
36 years$1,039$690$445$281$174$23
37 years$999$655$417$259$158$19
38 years$962$623$390$239$143$16
39 years$927$592$366$220$130$14
40 years$894$563$343$203$118$12
41 years$863$536$321$187$107$10
42 years$833$511$302$173$97$8
43 years$804$487$283$160$88$7
44 years$777$464$266$147$80$6
45 years$751$442$249$136$73$5
46 years$727$422$234$126$66$4
47 years$703$403$220$116$60$4
48 years$681$384$207$107$54$3
49 years$659$367$194$99$49$3
50 years$639$351$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $654,000, adding $2,639 every year, while hoping to spend $32,213 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: 76/8/16 Blend
44$654,000$654,000$654,000$654,000
45$723,430$688,768$678,631$775,671
46$762,946$688,243$667,091$810,025
47$805,412$686,613$654,084$843,397
48$851,096$683,790$639,529$879,112
49$900,292$679,679$623,336$917,391
50$953,320$674,182$605,417$958,482
51$1,010,535$667,193$585,675$1,002,656
52$1,072,326$658,601$564,010$1,050,212
53$1,139,118$648,288$540,320$1,101,482
54$1,211,382$636,128$514,495$1,156,830
55$1,289,633$621,988$486,420$1,216,658
56$1,374,439$605,729$455,978$1,281,410
57$1,466,422$587,200$423,044$1,351,575
58$1,566,269$566,245$387,488$1,427,692
59$1,674,734$542,697$349,175$1,510,358
60$1,792,647$516,379$307,962$1,600,229
61$1,920,920$487,104$263,702$1,698,030
62$2,060,558$454,677$216,240$1,804,559
63$2,212,665$418,886$165,415$1,920,698
64$2,378,459$379,513$111,058$2,047,419
65$2,559,276$336,324$52,993$2,185,795
66$2,756,591$289,073$0$2,337,009
67$2,972,024$237,498$0$2,503,896
68$3,207,361$181,326$0$2,696,119
69$3,464,566$120,265$0$2,906,241
70$3,745,802$54,008$0$3,136,049
71$4,053,452$0$0$3,387,510
72$4,390,138$0$0$3,664,356
73$4,758,748$0$0$3,972,681
74$5,162,462$0$0$4,310,394
75$5,604,782$0$0$4,680,428
76$6,089,564$0$0$5,086,011
77$6,621,057$0$0$5,530,702
78$7,203,938$0$0$6,018,418
79$7,843,360$0$0$6,553,474
80$8,544,999$0$0$7,140,622
81$9,315,106$0$0$7,785,099
82$10,160,567$0$0$8,492,670
83$11,088,968$0$0$9,269,689
84$12,108,665$0$0$10,123,152
85$13,228,862$0$0$11,060,770
86$14,459,700$0$0$12,091,033
87$15,812,351$0$0$13,223,299
88$17,299,122$0$0$14,467,874
89$18,933,571$0$0$15,836,112
90$20,730,638$0$0$17,340,526
91$22,706,779$0$0$18,994,897
92$24,880,128$0$0$20,814,412
93$27,270,662$0$0$22,815,801
94$29,900,392$0$0$25,017,499
95$32,793,571$0$0$27,439,817
96$35,976,919$0$0$30,105,133
97$39,479,878$0$0$33,038,104
98$43,334,888$0$0$36,265,899
99$47,577,693$0$0$39,818,453
100$52,247,678$0$0$43,728,752