Can I retire at age 45 with 622,000?

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 $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%17%
1 years$51,364$50,907$50,460$50,025$49,599$48,185
2 years$25,428$24,954$24,495$24,050$23,619$22,205
3 years$16,783$16,308$15,850$15,409$14,985$13,616
4 years$12,462$11,988$11,535$11,101$10,687$9,374
5 years$9,870$9,399$8,951$8,527$8,124$6,869
6 years$8,143$7,675$7,234$6,819$6,428$5,234
7 years$6,909$6,445$6,012$5,606$5,228$4,093
8 years$5,984$5,525$5,098$4,703$4,337$3,262
9 years$5,266$4,810$4,391$4,006$3,653$2,635
10 years$4,691$4,240$3,828$3,453$3,112$2,152
11 years$4,221$3,775$3,370$3,005$2,677$1,772
12 years$3,830$3,388$2,991$2,636$2,319$1,468
13 years$3,499$3,062$2,672$2,327$2,023$1,223
14 years$3,215$2,783$2,401$2,066$1,773$1,023
15 years$2,970$2,542$2,168$1,842$1,561$859
16 years$2,756$2,333$1,966$1,650$1,380$723
17 years$2,567$2,148$1,789$1,482$1,223$610
18 years$2,399$1,985$1,633$1,336$1,088$516
19 years$2,249$1,840$1,495$1,207$970$437
20 years$2,114$1,710$1,372$1,093$866$371
21 years$1,992$1,592$1,262$992$775$315
22 years$1,882$1,486$1,163$902$695$267
23 years$1,781$1,390$1,074$822$624$228
24 years$1,688$1,303$993$749$560$194
25 years$1,604$1,222$920$684$504$165
26 years$1,525$1,149$853$626$454$141
27 years$1,453$1,081$792$573$410$120
28 years$1,386$1,019$736$525$370$102
29 years$1,324$961$685$481$334$87
30 years$1,266$908$638$442$302$74
31 years$1,212$858$595$406$273$64
32 years$1,161$812$555$373$247$54
33 years$1,114$769$518$343$223$46
34 years$1,069$729$484$315$202$40
35 years$1,027$691$453$290$183$34
36 years$988$656$424$267$166$29
37 years$951$623$396$246$150$25
38 years$915$592$371$227$136$21
39 years$882$563$348$209$124$18
40 years$850$536$326$193$112$15
41 years$820$510$306$178$102$13
42 years$792$486$287$164$92$11
43 years$765$463$269$152$84$10
44 years$739$441$253$140$76$8
45 years$714$421$237$129$69$7
46 years$691$401$223$120$63$6
47 years$669$383$209$110$57$5
48 years$647$366$197$102$52$4
49 years$627$349$185$94$47$4
50 years$607$333$174$87$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $622,000, adding $5,273 every year, while hoping to spend $44,086 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: 50/44/6 Blend
44$622,000$622,000$622,000$622,000
45$690,883$657,917$648,276$724,139
46$714,446$643,248$623,086$732,693
47$738,935$626,382$595,575$736,806
48$764,397$607,166$565,618$740,222
49$790,885$585,436$533,085$742,887
50$818,452$561,020$497,841$744,743
51$847,159$533,735$459,743$745,729
52$877,069$503,387$418,644$745,781
53$908,249$469,772$374,388$744,835
54$940,774$432,675$326,813$742,820
55$974,723$391,866$275,751$739,665
56$1,010,181$347,104$221,026$735,295
57$1,047,242$298,134$162,452$729,630
58$1,086,004$244,686$99,837$722,591
59$1,126,576$186,475$32,981$714,093
60$1,169,075$123,200$0$704,048
61$1,213,628$54,545$0$694,823
62$1,260,372$0$0$686,281
63$1,309,458$0$0$685,828
64$1,361,047$0$0$713,130
65$1,415,316$0$0$741,872
66$1,472,456$0$0$772,161
67$1,532,678$0$0$804,109
68$1,596,208$0$0$837,842
69$1,663,295$0$0$873,494
70$1,734,209$0$0$911,214
71$1,809,246$0$0$951,163
72$1,888,729$0$0$993,518
73$1,973,010$0$0$1,038,470
74$2,062,473$0$0$1,086,232
75$2,157,541$0$0$1,137,033
76$2,258,673$0$0$1,191,126
77$2,366,374$0$0$1,248,788
78$2,481,197$0$0$1,310,320
79$2,603,745$0$0$1,376,054
80$2,734,681$0$0$1,446,353
81$2,874,731$0$0$1,521,617
82$3,024,692$0$0$1,602,280
83$3,185,435$0$0$1,688,824
84$3,357,920$0$0$1,781,773
85$3,543,196$0$0$1,881,704
86$3,742,418$0$0$1,989,252
87$3,956,852$0$0$2,105,111
88$4,187,888$0$0$2,230,046
89$4,437,054$0$0$2,364,896
90$4,706,028$0$0$2,510,583
91$4,996,654$0$0$2,668,121
92$5,310,958$0$0$2,838,624
93$5,651,168$0$0$3,023,316
94$6,019,731$0$0$3,223,544
95$6,419,340$0$0$3,440,789
96$6,852,956$0$0$3,676,679
97$7,323,834$0$0$3,933,005
98$7,835,555$0$0$4,211,737
99$8,392,061$0$0$4,515,043
100$8,997,683$0$0$4,845,309