Can I retire at age 45 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$54,337$53,853$53,381$52,920$52,470$51,793
2 years$26,900$26,399$25,913$25,442$24,986$24,304
3 years$17,755$17,252$16,767$16,301$15,852$15,188
4 years$13,183$12,682$12,202$11,744$11,306$10,664
5 years$10,441$9,943$9,470$9,021$8,594$7,977
6 years$8,614$8,119$7,653$7,214$6,800$6,207
7 years$7,309$6,818$6,360$5,931$5,531$4,963
8 years$6,331$5,845$5,393$4,975$4,588$4,045
9 years$5,570$5,089$4,645$4,238$3,864$3,345
10 years$4,962$4,485$4,050$3,653$3,292$2,798
11 years$4,465$3,993$3,565$3,179$2,831$2,361
12 years$4,051$3,584$3,164$2,789$2,454$2,007
13 years$3,701$3,239$2,827$2,462$2,140$1,716
14 years$3,402$2,944$2,540$2,185$1,876$1,474
15 years$3,142$2,689$2,293$1,949$1,651$1,271
16 years$2,915$2,468$2,079$1,745$1,460$1,100
17 years$2,715$2,273$1,892$1,568$1,294$955
18 years$2,538$2,100$1,727$1,413$1,151$831
19 years$2,379$1,946$1,581$1,277$1,026$724
20 years$2,236$1,808$1,451$1,156$916$632
21 years$2,107$1,685$1,335$1,050$820$553
22 years$1,990$1,572$1,230$954$735$485
23 years$1,884$1,471$1,136$869$660$425
24 years$1,786$1,378$1,050$793$593$373
25 years$1,696$1,293$973$724$534$328
26 years$1,614$1,215$902$662$481$288
27 years$1,537$1,144$838$606$433$254
28 years$1,467$1,078$779$555$391$223
29 years$1,401$1,017$725$509$353$197
30 years$1,339$960$675$467$319$173
31 years$1,282$908$629$429$288$153
32 years$1,229$859$587$394$261$135
33 years$1,178$813$548$363$236$119
34 years$1,131$771$512$334$214$105
35 years$1,087$731$479$307$194$93
36 years$1,045$694$448$283$175$82
37 years$1,006$659$419$261$159$72
38 years$968$626$393$240$144$64
39 years$933$596$368$221$131$56
40 years$900$567$345$204$119$50
41 years$868$539$323$188$108$44
42 years$838$514$303$174$98$39
43 years$809$490$285$161$89$34
44 years$782$467$267$148$80$30
45 years$756$445$251$137$73$27
46 years$731$424$236$126$66$24
47 years$707$405$221$117$60$21
48 years$685$387$208$108$55$18
49 years$663$369$196$100$50$16
50 years$642$353$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 $658,000, adding $5,211 every year, while hoping to spend $43,370 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: 51/25/24 Blend
44$658,000$658,000$658,000$658,000
45$730,491$695,617$685,418$762,599
46$758,856$683,557$662,234$773,352
47$788,660$669,452$636,820$780,206
48$820,005$653,157$609,055$786,770
49$853,001$634,517$578,814$793,037
50$887,767$613,368$545,964$798,997
51$924,433$589,538$510,368$804,644
52$963,142$562,842$471,882$809,975
53$1,004,049$533,087$430,356$814,989
54$1,047,322$500,068$385,633$819,688
55$1,093,146$463,568$337,549$824,077
56$1,141,722$423,359$285,932$828,169
57$1,193,271$379,197$230,604$831,979
58$1,248,033$330,826$171,378$835,529
59$1,306,272$277,976$108,059$838,847
60$1,368,277$220,362$40,443$841,971
61$1,434,361$157,680$0$844,946
62$1,504,872$89,612$0$855,950
63$1,580,187$15,821$0$878,507
64$1,660,722$0$0$902,391
65$1,746,931$0$0$945,377
66$1,839,313$0$0$996,150
67$1,938,415$0$0$1,050,663
68$2,044,838$0$0$1,109,254
69$2,159,240$0$0$1,172,290
70$2,282,344$0$0$1,240,178
71$2,414,945$0$0$1,313,363
72$2,557,915$0$0$1,392,332
73$2,712,213$0$0$1,477,625
74$2,878,891$0$0$1,569,830
75$3,059,105$0$0$1,669,597
76$3,254,129$0$0$1,777,640
77$3,465,359$0$0$1,894,741
78$3,694,333$0$0$2,021,764
79$3,942,741$0$0$2,159,657
80$4,212,442$0$0$2,309,462
81$4,505,479$0$0$2,472,328
82$4,824,103$0$0$2,649,515
83$5,170,786$0$0$2,842,414
84$5,548,252$0$0$3,052,552
85$5,959,496$0$0$3,281,610
86$6,407,815$0$0$3,531,440
87$6,896,836$0$0$3,804,079
88$7,430,553$0$0$4,101,768
89$8,013,362$0$0$4,426,976
90$8,650,102$0$0$4,782,421
91$9,346,099$0$0$5,171,093
92$10,107,219$0$0$5,596,287
93$10,939,920$0$0$6,061,630
94$11,851,312$0$0$6,571,116
95$12,849,224$0$0$7,129,142
96$13,942,280$0$0$7,740,551
97$15,139,974$0$0$8,410,677
98$16,452,763$0$0$9,145,395
99$17,892,166$0$0$9,951,174
100$19,470,865$0$0$10,835,141