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%14.1%
1 years$51,364$50,907$50,460$50,025$49,599$48,757
2 years$25,428$24,954$24,495$24,050$23,619$22,773
3 years$16,783$16,308$15,850$15,409$14,985$14,162
4 years$12,462$11,988$11,535$11,101$10,687$9,893
5 years$9,870$9,399$8,951$8,527$8,124$7,362
6 years$8,143$7,675$7,234$6,819$6,428$5,698
7 years$6,909$6,445$6,012$5,606$5,228$4,530
8 years$5,984$5,525$5,098$4,703$4,337$3,671
9 years$5,266$4,810$4,391$4,006$3,653$3,018
10 years$4,691$4,240$3,828$3,453$3,112$2,509
11 years$4,221$3,775$3,370$3,005$2,677$2,104
12 years$3,830$3,388$2,991$2,636$2,319$1,777
13 years$3,499$3,062$2,672$2,327$2,023$1,509
14 years$3,215$2,783$2,401$2,066$1,773$1,288
15 years$2,970$2,542$2,168$1,842$1,561$1,103
16 years$2,756$2,333$1,966$1,650$1,380$948
17 years$2,567$2,148$1,789$1,482$1,223$817
18 years$2,399$1,985$1,633$1,336$1,088$706
19 years$2,249$1,840$1,495$1,207$970$611
20 years$2,114$1,710$1,372$1,093$866$529
21 years$1,992$1,592$1,262$992$775$460
22 years$1,882$1,486$1,163$902$695$399
23 years$1,781$1,390$1,074$822$624$348
24 years$1,688$1,303$993$749$560$303
25 years$1,604$1,222$920$684$504$264
26 years$1,525$1,149$853$626$454$230
27 years$1,453$1,081$792$573$410$201
28 years$1,386$1,019$736$525$370$175
29 years$1,324$961$685$481$334$153
30 years$1,266$908$638$442$302$134
31 years$1,212$858$595$406$273$117
32 years$1,161$812$555$373$247$102
33 years$1,114$769$518$343$223$90
34 years$1,069$729$484$315$202$78
35 years$1,027$691$453$290$183$69
36 years$988$656$424$267$166$60
37 years$951$623$396$246$150$53
38 years$915$592$371$227$136$46
39 years$882$563$348$209$124$40
40 years$850$536$326$193$112$35
41 years$820$510$306$178$102$31
42 years$792$486$287$164$92$27
43 years$765$463$269$152$84$24
44 years$739$441$253$140$76$21
45 years$714$421$237$129$69$18
46 years$691$401$223$120$63$16
47 years$669$383$209$110$57$14
48 years$647$366$197$102$52$12
49 years$627$349$185$94$47$11
50 years$607$333$174$87$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $622,000, adding $4,326 every year, while hoping to spend $31,673 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: 56/35/9 Blend
44$622,000$622,000$622,000$622,000
45$689,906$656,940$647,299$726,814
46$726,577$655,431$635,284$750,722
47$765,926$652,785$621,805$772,862
48$808,194$648,915$606,779$796,213
49$853,644$643,726$590,120$820,894
50$902,565$637,118$571,738$847,038
51$955,274$628,984$551,539$874,793
52$1,012,120$619,212$529,423$904,325
53$1,073,485$607,683$505,288$935,815
54$1,139,791$594,269$479,025$969,468
55$1,211,500$578,838$450,522$1,005,509
56$1,289,119$561,248$419,661$1,044,189
57$1,373,208$541,348$386,318$1,085,787
58$1,464,381$518,979$350,366$1,130,610
59$1,563,313$493,975$311,668$1,179,002
60$1,670,748$466,156$270,086$1,231,344
61$1,787,502$435,336$225,472$1,288,057
62$1,914,475$401,315$177,673$1,349,608
63$2,052,656$363,884$126,529$1,416,517
64$2,203,132$322,820$71,874$1,489,357
65$2,367,102$277,888$13,532$1,568,766
66$2,545,883$228,842$0$1,655,450
67$2,740,926$175,418$0$1,754,868
68$2,953,828$117,340$0$1,864,899
69$3,186,345$54,317$0$1,985,218
70$3,440,412$0$0$2,116,905
71$3,718,160$0$0$2,266,534
72$4,021,933$0$0$2,453,116
73$4,354,313$0$0$2,657,324
74$4,718,144$0$0$2,880,912
75$5,116,556$0$0$3,125,811
76$5,552,996$0$0$3,394,148
77$6,031,261$0$0$3,688,265
78$6,555,533$0$0$4,010,741
79$7,130,417$0$0$4,364,416
80$7,760,985$0$0$4,752,421
81$8,452,824$0$0$5,178,202
82$9,212,087$0$0$5,645,555
83$10,045,553$0$0$6,158,663
84$10,960,688$0$0$6,722,130
85$11,965,718$0$0$7,341,033
86$13,069,702$0$0$8,020,962
87$14,282,622$0$0$8,768,074
88$15,615,474$0$0$9,589,154
89$17,080,372$0$0$10,491,676
90$18,690,661$0$0$11,483,876
91$20,461,045$0$0$12,574,824
92$22,407,721$0$0$13,774,516
93$24,548,538$0$0$15,093,964
94$26,903,157$0$0$16,545,301
95$29,493,244$0$0$18,141,894
96$32,342,668$0$0$19,898,472
97$35,477,728$0$0$21,831,264
98$38,927,401$0$0$23,958,150
99$42,723,616$0$0$26,298,831
100$46,901,552$0$0$28,875,016