Can I retire at age 45 with 620,000?

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 $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%16.8%
1 years$51,199$50,743$50,298$49,864$49,440$48,069
2 years$25,346$24,874$24,417$23,973$23,543$22,172
3 years$16,730$16,255$15,799$15,360$14,936$13,609
4 years$12,422$11,949$11,498$11,066$10,653$9,378
5 years$9,838$9,369$8,923$8,500$8,098$6,880
6 years$8,116$7,650$7,211$6,797$6,408$5,247
7 years$6,887$6,425$5,992$5,588$5,211$4,109
8 years$5,965$5,507$5,082$4,688$4,323$3,278
9 years$5,249$4,795$4,377$3,993$3,641$2,652
10 years$4,676$4,226$3,816$3,442$3,102$2,168
11 years$4,207$3,763$3,360$2,996$2,668$1,787
12 years$3,817$3,377$2,982$2,628$2,312$1,483
13 years$3,488$3,052$2,664$2,320$2,016$1,237
14 years$3,205$2,774$2,393$2,059$1,767$1,036
15 years$2,961$2,534$2,161$1,836$1,556$871
16 years$2,747$2,325$1,959$1,644$1,375$734
17 years$2,558$2,141$1,783$1,477$1,219$621
18 years$2,391$1,979$1,627$1,331$1,084$526
19 years$2,242$1,834$1,490$1,203$966$446
20 years$2,107$1,704$1,367$1,090$863$379
21 years$1,986$1,587$1,258$989$772$322
22 years$1,875$1,482$1,159$899$692$274
23 years$1,775$1,386$1,070$819$622$234
24 years$1,683$1,298$990$747$559$199
25 years$1,598$1,218$917$682$503$170
26 years$1,521$1,145$850$624$453$145
27 years$1,449$1,078$790$571$408$124
28 years$1,382$1,016$734$523$368$106
29 years$1,320$958$683$480$333$90
30 years$1,262$905$636$440$301$77
31 years$1,208$855$593$404$272$66
32 years$1,158$809$553$372$246$56
33 years$1,110$766$517$342$222$48
34 years$1,066$726$483$314$201$41
35 years$1,024$689$451$289$182$35
36 years$985$654$422$267$165$30
37 years$948$621$395$246$150$26
38 years$912$590$370$226$136$22
39 years$879$561$347$209$123$19
40 years$848$534$325$192$112$16
41 years$818$508$305$178$101$14
42 years$789$484$286$164$92$12
43 years$762$461$268$151$83$10
44 years$737$440$252$140$76$9
45 years$712$419$236$129$69$7
46 years$689$400$222$119$62$6
47 years$667$382$209$110$57$5
48 years$645$364$196$102$51$5
49 years$625$348$184$94$47$4
50 years$605$332$173$87$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $620,000, adding $5,303 every year, while hoping to spend $30,636 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: 46/33/21 Blend
44$620,000$620,000$620,000$620,000
45$688,710$655,850$646,240$716,030
46$726,362$655,390$635,293$735,250
47$766,828$653,881$622,952$752,634
48$810,362$651,239$609,138$770,864
49$857,244$647,375$593,769$790,033
50$907,781$642,194$576,759$810,245
51$962,310$635,598$558,016$831,617
52$1,021,203$627,479$537,446$854,280
53$1,084,865$617,725$514,951$878,380
54$1,153,746$606,218$490,426$904,080
55$1,228,336$592,831$463,764$931,563
56$1,309,177$577,430$434,851$961,032
57$1,396,864$559,875$403,569$992,714
58$1,492,051$540,016$369,795$1,026,863
59$1,595,457$517,693$333,400$1,063,759
60$1,707,874$492,740$294,249$1,103,718
61$1,830,172$464,980$252,201$1,147,089
62$1,963,309$434,224$207,110$1,194,260
63$2,108,340$400,274$158,822$1,245,665
64$2,266,425$362,921$107,176$1,301,784
65$2,438,840$321,944$52,006$1,363,152
66$2,626,990$277,108$0$1,430,361
67$2,832,422$228,165$0$1,505,610
68$3,056,839$174,855$0$1,600,628
69$3,302,115$116,901$0$1,704,603
70$3,570,313$54,013$0$1,818,480
71$3,863,707$0$0$1,943,304
72$4,184,797$0$0$2,085,358
73$4,536,338$0$0$2,262,428
74$4,921,365$0$0$2,456,436
75$5,343,217$0$0$2,669,075
76$5,805,575$0$0$2,902,208
77$6,312,489$0$0$3,157,890
78$6,868,423$0$0$3,438,379
79$7,478,292$0$0$3,746,168
80$8,147,510$0$0$4,084,000
81$8,882,042$0$0$4,454,895
82$9,688,455$0$0$4,862,183
83$10,573,986$0$0$5,309,530
84$11,546,607$0$0$5,800,976
85$12,615,099$0$0$6,340,971
86$13,789,135$0$0$6,934,416
87$15,079,372$0$0$7,586,713
88$16,497,552$0$0$8,303,811
89$18,056,608$0$0$9,092,265
90$19,770,792$0$0$9,959,298
91$21,655,804$0$0$10,912,866
92$23,728,941$0$0$11,961,737
93$26,009,262$0$0$13,115,569
94$28,517,765$0$0$14,385,004
95$31,277,585$0$0$15,781,768
96$34,314,213$0$0$17,318,782
97$37,655,737$0$0$19,010,280
98$41,333,102$0$0$20,871,948
99$45,380,408$0$0$22,921,068
100$49,835,225$0$0$25,176,684