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%14.8%
1 years$51,529$51,070$50,623$50,185$49,759$48,774
2 years$25,510$25,034$24,574$24,128$23,695$22,707
3 years$16,837$16,360$15,901$15,459$15,033$14,072
4 years$12,502$12,027$11,572$11,137$10,722$9,796
5 years$9,902$9,429$8,980$8,554$8,150$7,263
6 years$8,169$7,699$7,257$6,841$6,449$5,600
7 years$6,931$6,466$6,031$5,624$5,245$4,435
8 years$6,004$5,543$5,115$4,718$4,351$3,579
9 years$5,283$4,826$4,405$4,019$3,664$2,931
10 years$4,706$4,254$3,841$3,464$3,122$2,426
11 years$4,235$3,787$3,381$3,015$2,685$2,025
12 years$3,842$3,399$3,001$2,645$2,327$1,703
13 years$3,510$3,072$2,681$2,335$2,029$1,439
14 years$3,226$2,792$2,409$2,073$1,779$1,222
15 years$2,980$2,551$2,175$1,848$1,566$1,042
16 years$2,765$2,340$1,972$1,655$1,384$891
17 years$2,575$2,155$1,794$1,487$1,227$764
18 years$2,407$1,991$1,638$1,340$1,091$657
19 years$2,256$1,846$1,499$1,211$973$565
20 years$2,121$1,715$1,376$1,097$869$488
21 years$1,999$1,597$1,266$995$777$421
22 years$1,888$1,491$1,167$905$697$364
23 years$1,786$1,395$1,077$824$626$315
24 years$1,694$1,307$996$752$562$273
25 years$1,609$1,226$923$686$506$237
26 years$1,530$1,153$856$628$456$205
27 years$1,458$1,085$795$575$411$178
28 years$1,391$1,022$739$526$371$155
29 years$1,328$964$687$483$335$134
30 years$1,270$911$640$443$302$117
31 years$1,216$861$597$407$273$101
32 years$1,165$814$557$374$247$88
33 years$1,117$771$520$344$224$77
34 years$1,073$731$486$316$203$67
35 years$1,031$693$454$291$184$58
36 years$991$658$425$268$166$51
37 years$954$625$398$247$151$44
38 years$918$594$372$228$137$38
39 years$885$565$349$210$124$33
40 years$853$537$327$194$112$29
41 years$823$512$307$179$102$25
42 years$794$487$288$165$93$22
43 years$767$464$270$152$84$19
44 years$741$443$253$141$76$17
45 years$717$422$238$130$69$15
46 years$693$403$223$120$63$13
47 years$671$384$210$111$57$11
48 years$649$367$197$102$52$10
49 years$629$350$185$95$47$8
50 years$609$335$174$87$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $624,000, adding $2,896 every year, while hoping to spend $26,475 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: 61/12/27 Blend
44$624,000$624,000$624,000$624,000
45$690,635$657,563$647,891$727,593
46$732,911$661,615$641,426$757,121
47$778,611$664,977$633,858$786,222
48$828,058$667,589$625,120$817,422
49$881,604$669,385$615,146$850,932
50$939,638$670,295$603,863$886,985
51$1,002,586$670,246$591,198$925,838
52$1,070,920$669,157$577,073$967,774
53$1,145,154$666,947$561,406$1,013,108
54$1,225,858$663,525$544,111$1,062,187
55$1,313,657$658,799$525,100$1,115,395
56$1,409,238$652,668$504,279$1,173,155
57$1,513,358$645,027$481,550$1,235,936
58$1,626,850$635,763$456,812$1,304,255
59$1,750,632$624,758$429,958$1,378,684
60$1,885,711$611,886$400,876$1,459,854
61$2,033,198$597,013$369,450$1,548,462
62$2,194,316$579,998$335,558$1,645,279
63$2,370,411$560,693$299,074$1,751,154
64$2,562,963$538,938$259,864$1,867,028
65$2,773,606$514,566$217,790$1,993,938
66$3,004,135$487,401$172,707$2,133,027
67$3,256,527$457,254$124,463$2,285,561
68$3,532,962$423,928$72,902$2,452,934
69$3,835,837$387,214$17,857$2,636,687
70$4,167,795$346,890$0$2,838,520
71$4,531,745$302,723$0$3,072,087
72$4,930,891$254,464$0$3,333,937
73$5,368,763$201,853$0$3,621,259
74$5,849,247$144,615$0$3,936,632
75$6,376,626$82,457$0$4,282,895
76$6,955,617$15,072$0$4,663,181
77$7,591,415$0$0$5,080,942
78$8,289,743$0$0$5,547,621
79$9,056,907$0$0$6,062,540
80$9,899,853$0$0$6,628,375
81$10,826,232$0$0$7,250,271
82$11,844,474$0$0$7,933,892
83$12,963,867$0$0$8,685,482
84$14,194,643$0$0$9,511,918
85$15,548,074$0$0$10,420,777
86$17,036,581$0$0$11,420,406
87$18,673,848$0$0$12,520,004
88$20,474,951$0$0$13,729,704
89$22,456,502$0$0$15,060,673
90$24,636,805$0$0$16,525,212
91$27,036,025$0$0$18,136,877
92$29,676,383$0$0$19,910,604
93$32,582,362$0$0$21,862,850
94$35,780,940$0$0$24,011,748
95$39,301,840$0$0$26,377,279
96$43,177,816$0$0$28,981,458
97$47,444,958$0$0$31,848,545
98$52,143,033$0$0$35,005,271
99$57,315,860$0$0$38,481,090
100$63,011,725$0$0$42,308,459