Can I retire at age 45 with 620,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$51,199$50,743$50,298$49,864$49,440$48,402
2 years$25,346$24,874$24,417$23,973$23,543$22,502
3 years$16,730$16,255$15,799$15,360$14,936$13,925
4 years$12,422$11,949$11,498$11,066$10,653$9,679
5 years$9,838$9,369$8,923$8,500$8,098$7,165
6 years$8,116$7,650$7,211$6,797$6,408$5,515
7 years$6,887$6,425$5,992$5,588$5,211$4,360
8 years$5,965$5,507$5,082$4,688$4,323$3,513
9 years$5,249$4,795$4,377$3,993$3,641$2,871
10 years$4,676$4,226$3,816$3,442$3,102$2,372
11 years$4,207$3,763$3,360$2,996$2,668$1,977
12 years$3,817$3,377$2,982$2,628$2,312$1,659
13 years$3,488$3,052$2,664$2,320$2,016$1,399
14 years$3,205$2,774$2,393$2,059$1,767$1,186
15 years$2,961$2,534$2,161$1,836$1,556$1,009
16 years$2,747$2,325$1,959$1,644$1,375$861
17 years$2,558$2,141$1,783$1,477$1,219$737
18 years$2,391$1,979$1,627$1,331$1,084$632
19 years$2,242$1,834$1,490$1,203$966$543
20 years$2,107$1,704$1,367$1,090$863$467
21 years$1,986$1,587$1,258$989$772$402
22 years$1,875$1,482$1,159$899$692$347
23 years$1,775$1,386$1,070$819$622$300
24 years$1,683$1,298$990$747$559$259
25 years$1,598$1,218$917$682$503$224
26 years$1,521$1,145$850$624$453$194
27 years$1,449$1,078$790$571$408$168
28 years$1,382$1,016$734$523$368$145
29 years$1,320$958$683$480$333$126
30 years$1,262$905$636$440$301$109
31 years$1,208$855$593$404$272$95
32 years$1,158$809$553$372$246$82
33 years$1,110$766$517$342$222$71
34 years$1,066$726$483$314$201$62
35 years$1,024$689$451$289$182$54
36 years$985$654$422$267$165$47
37 years$948$621$395$246$150$40
38 years$912$590$370$226$136$35
39 years$879$561$347$209$123$30
40 years$848$534$325$192$112$26
41 years$818$508$305$178$101$23
42 years$789$484$286$164$92$20
43 years$762$461$268$151$83$17
44 years$737$440$252$140$76$15
45 years$712$419$236$129$69$13
46 years$689$400$222$119$62$11
47 years$667$382$209$110$57$10
48 years$645$364$196$102$51$9
49 years$625$348$184$94$47$7
50 years$605$332$173$87$42$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $620,000, adding $3,275 every year, while hoping to spend $23,285 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: 40/47/13 Blend
44$620,000$620,000$620,000$620,000
45$686,618$653,758$644,148$711,298
46$731,878$661,017$640,952$736,318
47$780,974$667,852$636,868$760,833
48$834,273$674,216$631,843$786,845
49$892,178$680,062$625,819$814,499
50$955,133$685,337$618,737$843,957
51$1,023,626$689,988$610,533$875,400
52$1,098,193$693,955$601,144$909,026
53$1,179,427$697,177$590,500$945,056
54$1,267,977$699,587$578,530$983,735
55$1,364,558$701,115$565,159$1,025,333
56$1,469,960$701,685$550,308$1,070,150
57$1,585,048$701,220$533,896$1,118,519
58$1,710,777$699,634$515,836$1,170,807
59$1,848,198$696,839$496,038$1,227,422
60$1,998,469$692,738$474,410$1,288,813
61$2,162,862$687,231$450,852$1,355,479
62$2,342,781$680,213$425,262$1,427,974
63$2,539,769$671,568$397,533$1,506,906
64$2,755,528$661,177$367,553$1,592,952
65$2,991,931$648,914$335,205$1,686,859
66$3,251,040$634,643$300,367$1,789,453
67$3,535,127$618,221$262,910$1,901,649
68$3,846,694$599,498$222,701$2,024,456
69$4,188,497$578,313$179,602$2,158,993
70$4,563,571$554,498$133,466$2,306,494
71$4,975,259$527,873$84,141$2,468,324
72$5,427,246$498,249$31,470$2,645,993
73$5,923,587$465,425$0$2,841,168
74$6,468,752$429,190$0$3,059,123
75$7,067,664$389,319$0$3,303,343
76$7,725,747$345,577$0$3,571,732
77$8,448,975$297,712$0$3,866,802
78$9,243,931$245,461$0$4,191,322
79$10,117,868$188,544$0$4,548,352
80$11,078,774$126,667$0$4,941,268
81$12,135,453$59,517$0$5,373,797
82$13,297,602$0$0$5,850,051
83$14,575,907$0$0$6,381,414
84$15,982,140$0$0$6,999,907
85$17,529,273$0$0$7,680,465
86$19,231,598$0$0$8,429,386
87$21,104,861$0$0$9,253,612
88$23,166,414$0$0$10,160,788
89$25,435,374$0$0$11,159,341
90$27,932,807$0$0$12,258,553
91$30,681,924$0$0$13,468,655
92$33,708,299$0$0$14,800,919
93$37,040,114$0$0$16,267,766
94$40,708,422$0$0$17,882,882
95$44,747,440$0$0$19,661,347
96$49,194,869$0$0$21,619,779
97$54,092,258$0$0$23,776,490
98$59,485,384$0$0$26,151,658
99$65,424,694$0$0$28,767,517
100$71,965,776$0$0$31,648,567