Can I retire at age 45 with 623,000?

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 $623,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$51,447$50,988$50,541$50,105$49,679$48,050
2 years$25,469$24,994$24,535$24,089$23,657$22,031
3 years$16,810$16,334$15,876$15,434$15,009$13,438
4 years$12,482$12,007$11,553$11,119$10,704$9,200
5 years$9,886$9,414$8,966$8,541$8,137$6,703
6 years$8,156$7,687$7,246$6,830$6,439$5,076
7 years$6,920$6,456$6,021$5,615$5,236$3,945
8 years$5,994$5,534$5,106$4,711$4,344$3,123
9 years$5,274$4,818$4,398$4,012$3,658$2,507
10 years$4,698$4,247$3,834$3,459$3,117$2,033
11 years$4,228$3,781$3,376$3,010$2,681$1,662
12 years$3,836$3,393$2,996$2,640$2,323$1,367
13 years$3,504$3,067$2,677$2,331$2,026$1,130
14 years$3,221$2,787$2,405$2,069$1,776$938
15 years$2,975$2,546$2,171$1,845$1,564$782
16 years$2,760$2,336$1,969$1,652$1,382$653
17 years$2,571$2,152$1,791$1,485$1,225$547
18 years$2,403$1,988$1,635$1,338$1,089$458
19 years$2,252$1,843$1,497$1,209$971$385
20 years$2,117$1,712$1,374$1,095$867$324
21 years$1,995$1,595$1,264$994$776$273
22 years$1,885$1,489$1,165$903$696$230
23 years$1,784$1,392$1,075$823$625$194
24 years$1,691$1,305$995$750$561$163
25 years$1,606$1,224$921$685$505$138
26 years$1,528$1,151$854$627$455$117
27 years$1,456$1,083$793$574$410$99
28 years$1,389$1,020$738$526$370$83
29 years$1,326$963$686$482$334$70
30 years$1,268$909$639$442$302$60
31 years$1,214$859$596$406$273$50
32 years$1,163$813$556$373$247$43
33 years$1,116$770$519$343$224$36
34 years$1,071$730$485$316$202$31
35 years$1,029$692$454$291$183$26
36 years$989$657$424$268$166$22
37 years$952$624$397$247$151$18
38 years$917$593$372$227$136$16
39 years$883$564$348$210$124$13
40 years$852$537$327$193$112$11
41 years$822$511$306$178$102$9
42 years$793$486$287$165$92$8
43 years$766$463$270$152$84$7
44 years$740$442$253$140$76$6
45 years$716$421$238$130$69$5
46 years$692$402$223$120$63$4
47 years$670$384$210$111$57$3
48 years$648$366$197$102$52$3
49 years$628$350$185$94$47$3
50 years$608$334$174$87$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $623,000, adding $5,141 every year, while hoping to spend $42,763 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: 58/36/6 Blend
44$623,000$623,000$623,000$623,000
45$691,849$658,830$649,173$730,840
46$716,918$645,613$625,421$744,403
47$743,111$630,315$599,440$753,869
48$770,497$612,790$571,110$763,115
49$799,152$592,880$540,306$772,121
50$829,156$570,422$506,898$780,870
51$860,599$545,242$470,747$789,344
52$893,574$517,153$431,712$797,524
53$928,187$485,962$389,643$805,396
54$964,550$451,462$344,383$812,943
55$1,002,785$413,434$295,771$820,151
56$1,043,025$371,649$243,635$827,007
57$1,085,416$325,861$187,799$833,502
58$1,130,114$275,814$128,076$839,627
59$1,177,292$221,236$64,273$845,377
60$1,227,137$161,837$0$850,752
61$1,279,854$97,316$0$855,999
62$1,335,665$27,352$0$865,288
63$1,394,816$0$0$874,529
64$1,457,571$0$0$902,929
65$1,524,223$0$0$944,626
66$1,595,090$0$0$988,989
67$1,670,520$0$0$1,036,239
68$1,750,895$0$0$1,086,620
69$1,836,633$0$0$1,140,397
70$1,928,191$0$0$1,197,862
71$2,026,071$0$0$1,259,334
72$2,130,822$0$0$1,325,164
73$2,243,048$0$0$1,395,736
74$2,363,410$0$0$1,471,472
75$2,492,634$0$0$1,552,834
76$2,631,515$0$0$1,640,330
77$2,780,928$0$0$1,734,517
78$2,941,832$0$0$1,836,008
79$3,115,282$0$0$1,945,475
80$3,302,436$0$0$2,063,657
81$3,504,565$0$0$2,191,366
82$3,723,068$0$0$2,329,492
83$3,959,480$0$0$2,479,018
84$4,215,492$0$0$2,641,021
85$4,492,959$0$0$2,816,687
86$4,793,924$0$0$3,007,318
87$5,120,631$0$0$3,214,348
88$5,475,551$0$0$3,439,355
89$5,861,401$0$0$3,684,072
90$6,281,168$0$0$3,950,408
91$6,738,142$0$0$4,240,463
92$7,235,940$0$0$4,556,547
93$7,778,545$0$0$4,901,205
94$8,370,338$0$0$5,277,234
95$9,016,144$0$0$5,687,715
96$9,721,270$0$0$6,136,040
97$10,491,562$0$0$6,625,941
98$11,333,454$0$0$7,161,529
99$12,254,028$0$0$7,747,329
100$13,261,085$0$0$8,388,324