Can I retire at age 45 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$51,529$51,070$50,623$50,185$49,759$49,445
2 years$25,510$25,034$24,574$24,128$23,695$23,378
3 years$16,837$16,360$15,901$15,459$15,033$14,724
4 years$12,502$12,027$11,572$11,137$10,722$10,422
5 years$9,902$9,429$8,980$8,554$8,150$7,861
6 years$8,169$7,699$7,257$6,841$6,449$6,170
7 years$6,931$6,466$6,031$5,624$5,245$4,977
8 years$6,004$5,543$5,115$4,718$4,351$4,094
9 years$5,283$4,826$4,405$4,019$3,664$3,418
10 years$4,706$4,254$3,841$3,464$3,122$2,886
11 years$4,235$3,787$3,381$3,015$2,685$2,460
12 years$3,842$3,399$3,001$2,645$2,327$2,112
13 years$3,510$3,072$2,681$2,335$2,029$1,824
14 years$3,226$2,792$2,409$2,073$1,779$1,584
15 years$2,980$2,551$2,175$1,848$1,566$1,381
16 years$2,765$2,340$1,972$1,655$1,384$1,208
17 years$2,575$2,155$1,794$1,487$1,227$1,060
18 years$2,407$1,991$1,638$1,340$1,091$933
19 years$2,256$1,846$1,499$1,211$973$823
20 years$2,121$1,715$1,376$1,097$869$727
21 years$1,999$1,597$1,266$995$777$644
22 years$1,888$1,491$1,167$905$697$571
23 years$1,786$1,395$1,077$824$626$506
24 years$1,694$1,307$996$752$562$450
25 years$1,609$1,226$923$686$506$400
26 years$1,530$1,153$856$628$456$357
27 years$1,458$1,085$795$575$411$318
28 years$1,391$1,022$739$526$371$283
29 years$1,328$964$687$483$335$253
30 years$1,270$911$640$443$302$226
31 years$1,216$861$597$407$273$202
32 years$1,165$814$557$374$247$180
33 years$1,117$771$520$344$224$161
34 years$1,073$731$486$316$203$144
35 years$1,031$693$454$291$184$129
36 years$991$658$425$268$166$115
37 years$954$625$398$247$151$103
38 years$918$594$372$228$137$92
39 years$885$565$349$210$124$83
40 years$853$537$327$194$112$74
41 years$823$512$307$179$102$66
42 years$794$487$288$165$93$59
43 years$767$464$270$152$84$53
44 years$741$443$253$141$76$48
45 years$717$422$238$130$69$43
46 years$693$403$223$120$63$38
47 years$671$384$210$111$57$34
48 years$649$367$197$102$52$31
49 years$629$350$185$95$47$28
50 years$609$335$174$87$43$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $624,000, adding $2,804 every year, while hoping to spend $28,080 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: 73/14/13 Blend
44$624,000$624,000$624,000$624,000
45$690,540$657,468$647,796$738,855
46$731,099$659,807$639,621$773,535
47$774,853$661,320$630,230$807,774
48$822,099$661,936$619,554$844,521
49$873,163$661,581$607,519$884,017
50$928,402$660,175$594,048$926,527
51$988,211$657,635$579,060$972,345
52$1,053,021$653,872$562,471$1,021,795
53$1,123,308$648,790$544,192$1,075,233
54$1,199,595$642,291$524,133$1,133,053
55$1,282,457$634,266$502,194$1,195,690
56$1,372,527$624,605$478,277$1,263,622
57$1,470,501$613,187$452,276$1,337,378
58$1,577,144$599,885$424,079$1,417,540
59$1,693,300$584,566$393,573$1,504,751
60$1,819,895$567,088$360,636$1,599,720
61$1,957,950$547,301$325,142$1,703,229
62$2,108,587$525,046$286,962$1,816,142
63$2,273,044$500,154$245,956$1,939,408
64$2,452,682$472,448$201,982$2,074,079
65$2,648,997$441,740$154,890$2,221,311
66$2,863,640$407,831$104,525$2,382,381
67$3,098,427$370,510$50,722$2,558,698
68$3,355,357$329,555$0$2,751,814
69$3,636,631$284,732$0$2,964,372
70$3,944,675$235,791$0$3,204,900
71$4,282,159$182,472$0$3,468,465
72$4,652,022$124,496$0$3,757,392
73$5,057,504$61,572$0$4,074,242
74$5,502,170$0$0$4,421,839
75$5,989,950$0$0$4,804,314
76$6,525,170$0$0$5,234,425
77$7,112,595$0$0$5,706,519
78$7,757,477$0$0$6,224,819
79$8,465,598$0$0$6,793,977
80$9,243,328$0$0$7,419,118
81$10,097,685$0$0$8,105,886
82$11,036,400$0$0$8,860,499
83$12,067,989$0$0$9,689,810
84$13,201,836$0$0$10,601,364
85$14,448,277$0$0$11,603,478
86$15,818,700$0$0$12,705,312
87$17,325,652$0$0$13,916,958
88$18,982,957$0$0$15,249,538
89$20,805,845$0$0$16,715,301
90$22,811,096$0$0$18,327,747
91$25,017,199$0$0$20,101,748
92$27,444,525$0$0$22,053,692
93$30,115,518$0$0$24,201,633
94$33,054,910$0$0$26,565,465
95$36,289,949$0$0$29,167,110
96$39,850,661$0$0$32,030,719
97$43,770,128$0$0$35,182,906
98$48,084,804$0$0$38,652,995
99$52,834,856$0$0$42,473,298
100$58,064,543$0$0$46,679,420