Can I retire at age 45 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$51,364$50,907$50,460$50,025$49,599$48,341
2 years$25,428$24,954$24,495$24,050$23,619$22,360
3 years$16,783$16,308$15,850$15,409$14,985$13,764
4 years$12,462$11,988$11,535$11,101$10,687$9,514
5 years$9,870$9,399$8,951$8,527$8,124$7,002
6 years$8,143$7,675$7,234$6,819$6,428$5,358
7 years$6,909$6,445$6,012$5,606$5,228$4,209
8 years$5,984$5,525$5,098$4,703$4,337$3,370
9 years$5,266$4,810$4,391$4,006$3,653$2,736
10 years$4,691$4,240$3,828$3,453$3,112$2,245
11 years$4,221$3,775$3,370$3,005$2,677$1,858
12 years$3,830$3,388$2,991$2,636$2,319$1,548
13 years$3,499$3,062$2,672$2,327$2,023$1,296
14 years$3,215$2,783$2,401$2,066$1,773$1,090
15 years$2,970$2,542$2,168$1,842$1,561$920
16 years$2,756$2,333$1,966$1,650$1,380$779
17 years$2,567$2,148$1,789$1,482$1,223$662
18 years$2,399$1,985$1,633$1,336$1,088$563
19 years$2,249$1,840$1,495$1,207$970$479
20 years$2,114$1,710$1,372$1,093$866$409
21 years$1,992$1,592$1,262$992$775$350
22 years$1,882$1,486$1,163$902$695$299
23 years$1,781$1,390$1,074$822$624$256
24 years$1,688$1,303$993$749$560$219
25 years$1,604$1,222$920$684$504$188
26 years$1,525$1,149$853$626$454$161
27 years$1,453$1,081$792$573$410$138
28 years$1,386$1,019$736$525$370$119
29 years$1,324$961$685$481$334$102
30 years$1,266$908$638$442$302$88
31 years$1,212$858$595$406$273$75
32 years$1,161$812$555$373$247$65
33 years$1,114$769$518$343$223$56
34 years$1,069$729$484$315$202$48
35 years$1,027$691$453$290$183$41
36 years$988$656$424$267$166$35
37 years$951$623$396$246$150$30
38 years$915$592$371$227$136$26
39 years$882$563$348$209$124$22
40 years$850$536$326$193$112$19
41 years$820$510$306$178$102$17
42 years$792$486$287$164$92$14
43 years$765$463$269$152$84$12
44 years$739$441$253$140$76$11
45 years$714$421$237$129$69$9
46 years$691$401$223$120$63$8
47 years$669$383$209$110$57$7
48 years$647$366$197$102$52$6
49 years$627$349$185$94$47$5
50 years$607$333$174$87$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $622,000, adding $2,335 every year, while hoping to spend $44,038 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: 75/5/20 Blend
44$622,000$622,000$622,000$622,000
45$687,853$654,887$645,246$736,025
46$711,157$640,120$620,005$753,514
47$735,363$623,154$592,443$767,060
48$760,516$603,834$562,436$780,763
49$786,664$581,997$529,852$794,628
50$813,859$557,470$494,558$808,662
51$842,156$530,070$456,409$822,871
52$871,617$499,604$415,260$837,264
53$902,305$465,868$370,954$851,852
54$934,289$428,644$323,330$866,648
55$967,644$387,705$272,219$881,666
56$1,002,450$342,809$217,445$896,923
57$1,038,793$293,700$158,823$912,441
58$1,076,768$240,109$96,161$928,241
59$1,116,474$181,750$29,258$944,353
60$1,158,022$118,323$0$960,805
61$1,201,529$49,510$0$986,629
62$1,247,123$0$0$1,020,118
63$1,294,944$0$0$1,056,498
64$1,345,142$0$0$1,097,552
65$1,397,880$0$0$1,140,693
66$1,453,337$0$0$1,186,067
67$1,511,707$0$0$1,233,833
68$1,573,199$0$0$1,284,165
69$1,638,043$0$0$1,337,252
70$1,706,489$0$0$1,393,300
71$1,778,810$0$0$1,452,534
72$1,855,302$0$0$1,515,199
73$1,936,291$0$0$1,581,563
74$2,022,131$0$0$1,651,918
75$2,113,210$0$0$1,726,584
76$2,209,950$0$0$1,805,910
77$2,312,815$0$0$1,890,279
78$2,422,312$0$0$1,980,109
79$2,538,996$0$0$2,075,857
80$2,663,474$0$0$2,178,026
81$2,796,412$0$0$2,287,164
82$2,938,540$0$0$2,403,875
83$3,090,657$0$0$2,528,817
84$3,253,641$0$0$2,662,716
85$3,428,452$0$0$2,806,365
86$3,616,146$0$0$2,960,637
87$3,817,882$0$0$3,126,486
88$4,034,932$0$0$3,304,964
89$4,268,690$0$0$3,497,223
90$4,520,691$0$0$3,704,530
91$4,792,619$0$0$3,928,276
92$5,086,324$0$0$4,169,989
93$5,403,840$0$0$4,431,350
94$5,747,402$0$0$4,714,204
95$6,119,467$0$0$5,020,581
96$6,522,736$0$0$5,352,713
97$6,960,180$0$0$5,713,053
98$7,435,065$0$0$6,104,300
99$7,950,985$0$0$6,529,423
100$8,511,890$0$0$6,991,686