Can I retire at age 45 with 624,000?

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 $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%17.6%
1 years$51,529$51,070$50,623$50,185$49,759$48,224
2 years$25,510$25,034$24,574$24,128$23,695$22,162
3 years$16,837$16,360$15,901$15,459$15,033$13,550
4 years$12,502$12,027$11,572$11,137$10,722$9,300
5 years$9,902$9,429$8,980$8,554$8,150$6,794
6 years$8,169$7,699$7,257$6,841$6,449$5,159
7 years$6,931$6,466$6,031$5,624$5,245$4,021
8 years$6,004$5,543$5,115$4,718$4,351$3,193
9 years$5,283$4,826$4,405$4,019$3,664$2,570
10 years$4,706$4,254$3,841$3,464$3,122$2,091
11 years$4,235$3,787$3,381$3,015$2,685$1,715
12 years$3,842$3,399$3,001$2,645$2,327$1,415
13 years$3,510$3,072$2,681$2,335$2,029$1,174
14 years$3,226$2,792$2,409$2,073$1,779$978
15 years$2,980$2,551$2,175$1,848$1,566$818
16 years$2,765$2,340$1,972$1,655$1,384$685
17 years$2,575$2,155$1,794$1,487$1,227$576
18 years$2,407$1,991$1,638$1,340$1,091$485
19 years$2,256$1,846$1,499$1,211$973$409
20 years$2,121$1,715$1,376$1,097$869$345
21 years$1,999$1,597$1,266$995$777$292
22 years$1,888$1,491$1,167$905$697$247
23 years$1,786$1,395$1,077$824$626$209
24 years$1,694$1,307$996$752$562$177
25 years$1,609$1,226$923$686$506$150
26 years$1,530$1,153$856$628$456$127
27 years$1,458$1,085$795$575$411$108
28 years$1,391$1,022$739$526$371$92
29 years$1,328$964$687$483$335$78
30 years$1,270$911$640$443$302$66
31 years$1,216$861$597$407$273$56
32 years$1,165$814$557$374$247$48
33 years$1,117$771$520$344$224$40
34 years$1,073$731$486$316$203$34
35 years$1,031$693$454$291$184$29
36 years$991$658$425$268$166$25
37 years$954$625$398$247$151$21
38 years$918$594$372$228$137$18
39 years$885$565$349$210$124$15
40 years$853$537$327$194$112$13
41 years$823$512$307$179$102$11
42 years$794$487$288$165$93$9
43 years$767$464$270$152$84$8
44 years$741$443$253$141$76$7
45 years$717$422$238$130$69$6
46 years$693$403$223$120$63$5
47 years$671$384$210$111$57$4
48 years$649$367$197$102$52$4
49 years$629$350$185$95$47$3
50 years$609$335$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 $624,000, adding $2,316 every year, while hoping to spend $33,473 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: 79/8/13 Blend
44$624,000$624,000$624,000$624,000
45$690,037$656,965$647,293$742,620
46$724,806$653,541$633,362$774,106
47$761,999$648,828$617,843$804,105
48$801,829$642,726$600,647$836,061
49$844,528$635,132$581,681$870,154
50$890,350$625,935$560,848$906,585
51$939,577$615,016$538,047$945,574
52$992,515$602,253$513,173$987,364
53$1,049,501$587,513$486,113$1,032,222
54$1,110,906$570,657$456,754$1,080,445
55$1,177,136$551,537$424,973$1,132,357
56$1,248,638$529,997$390,644$1,188,317
57$1,325,904$505,872$353,636$1,248,723
58$1,409,474$478,986$313,810$1,314,009
59$1,499,939$449,156$271,022$1,384,659
60$1,597,953$416,185$225,121$1,461,204
61$1,704,233$379,866$175,951$1,544,229
62$1,819,567$339,982$123,348$1,634,380
63$1,944,822$296,300$67,139$1,732,371
64$2,080,953$248,578$7,147$1,838,987
65$2,229,008$196,556$0$1,955,096
66$2,390,142$139,963$0$2,089,542
67$2,565,626$78,511$0$2,237,063
68$2,756,858$11,895$0$2,397,858
69$2,965,376$0$0$2,573,237
70$3,192,873$0$0$2,769,948
71$3,441,213$0$0$2,985,843
72$3,712,448$0$0$3,221,659
73$4,008,836$0$0$3,479,364
74$4,332,864$0$0$3,761,120
75$4,687,269$0$0$4,069,312
76$5,075,066$0$0$4,406,564
77$5,499,573$0$0$4,775,763
78$5,964,446$0$0$5,180,093
79$6,473,710$0$0$5,623,055
80$7,031,796$0$0$6,108,510
81$7,643,587$0$0$6,640,706
82$8,314,459$0$0$7,224,324
83$9,050,333$0$0$7,864,518
84$9,857,732$0$0$8,566,966
85$10,743,841$0$0$9,337,923
86$11,716,571$0$0$10,184,276
87$12,784,642$0$0$11,113,615
88$13,957,654$0$0$12,134,298
89$15,246,187$0$0$13,255,535
90$16,661,893$0$0$14,487,469
91$18,217,609$0$0$15,841,276
92$19,927,479$0$0$17,329,268
93$21,807,084$0$0$18,965,010
94$23,873,588$0$0$20,763,444
95$26,145,905$0$0$22,741,034
96$28,644,870$0$0$24,915,919
97$31,393,441$0$0$27,308,085
98$34,416,909$0$0$29,939,550
99$37,743,144$0$0$32,834,575
100$41,402,849$0$0$36,019,890