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%13.7%
1 years$51,447$50,988$50,541$50,105$49,679$48,916
2 years$25,469$24,994$24,535$24,089$23,657$22,890
3 years$16,810$16,334$15,876$15,434$15,009$14,262
4 years$12,482$12,007$11,553$11,119$10,704$9,984
5 years$9,886$9,414$8,966$8,541$8,137$7,444
6 years$8,156$7,687$7,246$6,830$6,439$5,774
7 years$6,920$6,456$6,021$5,615$5,236$4,601
8 years$5,994$5,534$5,106$4,711$4,344$3,737
9 years$5,274$4,818$4,398$4,012$3,658$3,080
10 years$4,698$4,247$3,834$3,459$3,117$2,567
11 years$4,228$3,781$3,376$3,010$2,681$2,158
12 years$3,836$3,393$2,996$2,640$2,323$1,827
13 years$3,504$3,067$2,677$2,331$2,026$1,556
14 years$3,221$2,787$2,405$2,069$1,776$1,331
15 years$2,975$2,546$2,171$1,845$1,564$1,143
16 years$2,760$2,336$1,969$1,652$1,382$985
17 years$2,571$2,152$1,791$1,485$1,225$852
18 years$2,403$1,988$1,635$1,338$1,089$738
19 years$2,252$1,843$1,497$1,209$971$640
20 years$2,117$1,712$1,374$1,095$867$557
21 years$1,995$1,595$1,264$994$776$485
22 years$1,885$1,489$1,165$903$696$423
23 years$1,784$1,392$1,075$823$625$369
24 years$1,691$1,305$995$750$561$322
25 years$1,606$1,224$921$685$505$282
26 years$1,528$1,151$854$627$455$247
27 years$1,456$1,083$793$574$410$216
28 years$1,389$1,020$738$526$370$189
29 years$1,326$963$686$482$334$166
30 years$1,268$909$639$442$302$145
31 years$1,214$859$596$406$273$128
32 years$1,163$813$556$373$247$112
33 years$1,116$770$519$343$224$98
34 years$1,071$730$485$316$202$86
35 years$1,029$692$454$291$183$76
36 years$989$657$424$268$166$67
37 years$952$624$397$247$151$58
38 years$917$593$372$227$136$51
39 years$883$564$348$210$124$45
40 years$852$537$327$193$112$40
41 years$822$511$306$178$102$35
42 years$793$486$287$165$92$31
43 years$766$463$270$152$84$27
44 years$740$442$253$140$76$24
45 years$716$421$238$130$69$21
46 years$692$402$223$120$63$18
47 years$670$384$210$111$57$16
48 years$648$366$197$102$52$14
49 years$628$350$185$94$47$12
50 years$608$334$174$87$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $623,000, adding $6,886 every year, while hoping to spend $42,933 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: 59/12/29 Blend
44$623,000$623,000$623,000$623,000
45$693,649$660,630$650,973$728,725
46$718,721$647,320$627,101$740,195
47$744,911$631,920$600,989$747,568
48$772,288$614,280$572,519$754,727
49$800,927$594,245$541,564$761,664
50$830,908$571,650$507,992$768,370
51$862,318$546,318$471,667$774,840
52$895,251$518,064$432,445$781,068
53$929,810$486,693$390,175$787,051
54$966,107$451,997$344,702$792,789
55$1,004,261$413,756$295,861$798,284
56$1,044,405$371,740$243,482$803,541
57$1,086,682$325,702$187,386$808,569
58$1,131,247$275,385$127,387$813,381
59$1,178,270$220,515$63,290$817,995
60$1,227,935$160,802$0$822,433
61$1,280,446$95,942$0$828,308
62$1,336,021$25,613$0$855,076
63$1,394,901$0$0$883,245
64$1,457,349$0$0$919,612
65$1,523,652$0$0$961,842
66$1,594,124$0$0$1,006,754
67$1,669,109$0$0$1,054,571
68$1,748,982$0$0$1,105,538
69$1,834,156$0$0$1,159,920
70$1,925,080$0$0$1,218,010
71$2,022,250$0$0$1,280,128
72$2,126,207$0$0$1,346,626
73$2,237,544$0$0$1,417,888
74$2,356,914$0$0$1,494,337
75$2,485,030$0$0$1,576,436
76$2,622,677$0$0$1,664,694
77$2,770,715$0$0$1,759,669
78$2,930,090$0$0$1,861,975
79$3,101,839$0$0$1,972,285
80$3,287,102$0$0$2,091,338
81$3,487,132$0$0$2,219,948
82$3,703,304$0$0$2,359,009
83$3,937,131$0$0$2,509,501
84$4,190,275$0$0$2,672,504
85$4,464,564$0$0$2,849,206
86$4,762,007$0$0$3,040,910
87$5,084,813$0$0$3,249,052
88$5,435,415$0$0$3,475,211
89$5,816,484$0$0$3,721,123
90$6,230,962$0$0$3,988,698
91$6,682,084$0$0$4,280,038
92$7,173,411$0$0$4,597,457
93$7,708,861$0$0$4,943,499
94$8,292,745$0$0$5,320,967
95$8,929,809$0$0$5,732,942
96$9,625,277$0$0$6,182,821
97$10,384,898$0$0$6,674,338
98$11,215,002$0$0$7,211,607
99$12,122,559$0$0$7,799,157
100$13,115,240$0$0$8,441,974