Can I retire at age 45 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$54,254$53,771$53,300$52,839$52,390$51,693
2 years$26,859$26,358$25,874$25,404$24,948$24,246
3 years$17,728$17,226$16,742$16,276$15,828$15,144
4 years$13,163$12,663$12,184$11,726$11,289$10,628
5 years$10,425$9,928$9,455$9,007$8,581$7,945
6 years$8,601$8,107$7,641$7,203$6,790$6,180
7 years$7,298$6,808$6,350$5,922$5,522$4,938
8 years$6,321$5,836$5,385$4,968$4,581$4,022
9 years$5,562$5,081$4,638$4,231$3,858$3,325
10 years$4,955$4,479$4,044$3,647$3,287$2,779
11 years$4,459$3,987$3,560$3,174$2,827$2,344
12 years$4,045$3,579$3,159$2,784$2,450$1,991
13 years$3,696$3,234$2,823$2,458$2,136$1,701
14 years$3,396$2,940$2,536$2,182$1,873$1,460
15 years$3,137$2,685$2,290$1,946$1,649$1,258
16 years$2,911$2,464$2,076$1,742$1,457$1,088
17 years$2,711$2,269$1,889$1,566$1,292$944
18 years$2,534$2,097$1,725$1,411$1,149$821
19 years$2,375$1,943$1,579$1,275$1,024$715
20 years$2,233$1,806$1,449$1,155$915$624
21 years$2,104$1,682$1,333$1,048$819$545
22 years$1,987$1,570$1,228$953$734$477
23 years$1,881$1,468$1,134$868$659$418
24 years$1,783$1,376$1,049$791$592$367
25 years$1,694$1,291$971$723$533$322
26 years$1,611$1,213$901$661$480$283
27 years$1,535$1,142$837$605$433$249
28 years$1,464$1,076$778$554$390$219
29 years$1,399$1,015$724$508$352$193
30 years$1,337$959$674$466$318$170
31 years$1,280$906$629$428$288$149
32 years$1,227$858$586$394$260$132
33 years$1,177$812$548$362$236$116
34 years$1,130$770$512$333$213$102
35 years$1,085$730$478$307$193$90
36 years$1,043$693$447$282$175$80
37 years$1,004$658$419$260$159$70
38 years$967$625$392$240$144$62
39 years$932$595$367$221$131$55
40 years$898$566$344$204$118$48
41 years$867$539$323$188$107$43
42 years$836$513$303$174$97$38
43 years$808$489$284$160$88$33
44 years$781$466$267$148$80$29
45 years$755$444$251$137$73$26
46 years$730$424$235$126$66$23
47 years$706$404$221$117$60$20
48 years$684$386$208$108$55$18
49 years$662$369$195$100$50$16
50 years$641$352$184$92$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $657,000, adding $5,626 every year, while hoping to spend $50,289 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: 46/28/26 Blend
44$657,000$657,000$657,000$657,000
45$729,817$694,996$684,813$757,707
46$750,751$675,544$654,247$758,505
47$772,136$653,453$620,972$754,032
48$793,962$628,541$584,843$748,192
49$816,222$600,615$545,711$740,882
50$838,902$569,471$503,418$731,996
51$861,988$534,893$457,800$721,416
52$885,460$496,652$408,686$709,021
53$909,296$454,507$355,896$694,681
54$933,469$408,203$299,243$678,257
55$957,948$357,470$238,533$659,601
56$982,696$302,023$173,561$638,556
57$1,007,669$241,560$104,113$614,954
58$1,032,819$175,764$29,969$588,619
59$1,058,089$104,299$0$559,360
60$1,083,414$26,810$0$540,612
61$1,108,720$0$0$528,282
62$1,133,924$0$0$531,474
63$1,158,930$0$0$542,785
64$1,183,631$0$0$553,898
65$1,207,906$0$0$564,751
66$1,231,618$0$0$575,274
67$1,254,616$0$0$585,386
68$1,276,726$0$0$595,000
69$1,297,756$0$0$604,017
70$1,317,493$0$0$612,325
71$1,335,694$0$0$619,803
72$1,352,092$0$0$626,310
73$1,366,388$0$0$631,696
74$1,378,248$0$0$635,788
75$1,387,301$0$0$638,396
76$1,393,134$0$0$639,310
77$1,395,288$0$0$638,295
78$1,393,254$0$0$635,091
79$1,386,466$0$0$629,407
80$1,374,294$0$0$620,925
81$1,356,044$0$0$609,287
82$1,330,941$0$0$594,101
83$1,298,129$0$0$574,931
84$1,256,661$0$0$551,291
85$1,205,487$0$0$522,649
86$1,143,442$0$0$488,412
87$1,069,242$0$0$447,925
88$981,462$0$0$400,464
89$878,528$0$0$345,227
90$758,699$0$0$281,329
91$620,050$0$0$207,792
92$460,453$0$0$123,534
93$277,559$0$0$27,360
94$68,768$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0