Can I retire at age 45 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$51,612$51,152$50,704$50,266$49,838$49,628
2 years$25,550$25,075$24,613$24,166$23,733$23,521
3 years$16,864$16,387$15,927$15,484$15,057$14,849
4 years$12,522$12,046$11,590$11,155$10,739$10,537
5 years$9,918$9,444$8,995$8,568$8,163$7,969
6 years$8,182$7,712$7,269$6,852$6,459$6,272
7 years$6,942$6,476$6,041$5,633$5,253$5,073
8 years$6,013$5,551$5,123$4,726$4,358$4,185
9 years$5,291$4,834$4,412$4,025$3,670$3,504
10 years$4,714$4,261$3,847$3,470$3,127$2,968
11 years$4,241$3,793$3,387$3,020$2,689$2,537
12 years$3,848$3,404$3,006$2,649$2,331$2,185
13 years$3,516$3,076$2,685$2,338$2,032$1,893
14 years$3,231$2,796$2,413$2,076$1,782$1,649
15 years$2,984$2,555$2,178$1,851$1,569$1,442
16 years$2,769$2,344$1,975$1,658$1,386$1,266
17 years$2,579$2,159$1,797$1,489$1,229$1,115
18 years$2,410$1,995$1,641$1,342$1,093$985
19 years$2,260$1,849$1,502$1,213$974$872
20 years$2,124$1,718$1,378$1,098$870$773
21 years$2,002$1,600$1,268$997$779$687
22 years$1,891$1,494$1,168$906$698$611
23 years$1,789$1,397$1,079$825$627$544
24 years$1,697$1,309$998$753$563$486
25 years$1,611$1,228$924$688$507$434
26 years$1,533$1,154$857$629$456$388
27 years$1,460$1,086$796$575$412$347
28 years$1,393$1,024$740$527$371$311
29 years$1,330$966$689$483$335$278
30 years$1,272$912$641$444$303$249
31 years$1,218$862$598$408$274$224
32 years$1,167$816$558$375$248$201
33 years$1,119$773$521$344$224$180
34 years$1,074$732$487$317$203$162
35 years$1,032$695$455$292$184$145
36 years$993$659$426$269$167$131
37 years$955$626$398$248$151$117
38 years$920$595$373$228$137$105
39 years$886$566$350$210$124$95
40 years$854$538$328$194$113$85
41 years$824$512$307$179$102$77
42 years$796$488$288$165$93$69
43 years$768$465$270$153$84$62
44 years$743$443$254$141$76$56
45 years$718$423$238$130$69$50
46 years$694$403$224$120$63$45
47 years$672$385$210$111$57$41
48 years$650$367$198$103$52$37
49 years$630$351$186$95$47$33
50 years$610$335$175$88$43$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $625,000, adding $2,911 every year, while hoping to spend $44,834 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: 59/30/11 Blend
44$625,000$625,000$625,000$625,000
45$691,753$658,628$648,940$730,573
46$714,608$643,197$622,977$741,609
47$738,293$625,508$594,641$748,338
48$762,843$605,403$563,806$754,589
49$788,299$582,713$530,339$760,321
50$814,701$557,262$494,101$765,488
51$842,096$528,863$454,949$770,045
52$870,531$497,318$412,730$773,943
53$900,055$462,417$367,287$777,132
54$930,725$423,940$318,455$779,559
55$962,596$381,650$266,061$781,168
56$995,732$335,303$209,926$781,901
57$1,030,199$284,635$149,860$781,698
58$1,066,069$229,371$85,669$780,496
59$1,103,416$169,218$17,148$778,230
60$1,142,324$103,870$0$774,833
61$1,182,882$32,999$0$776,803
62$1,225,183$0$0$780,074
63$1,269,331$0$0$797,021
64$1,315,436$0$0$826,107
65$1,363,618$0$0$856,515
66$1,414,005$0$0$888,328
67$1,466,738$0$0$921,637
68$1,521,968$0$0$956,538
69$1,579,858$0$0$993,137
70$1,640,587$0$0$1,031,549
71$1,704,346$0$0$1,071,897
72$1,771,347$0$0$1,114,318
73$1,841,815$0$0$1,158,958
74$1,916,000$0$0$1,205,978
75$1,994,171$0$0$1,255,550
76$2,076,622$0$0$1,307,866
77$2,163,673$0$0$1,363,132
78$2,255,672$0$0$1,421,573
79$2,353,002$0$0$1,483,437
80$2,456,078$0$0$1,548,992
81$2,565,354$0$0$1,618,532
82$2,681,328$0$0$1,692,379
83$2,804,541$0$0$1,770,885
84$2,935,588$0$0$1,854,433
85$3,075,119$0$0$1,943,445
86$3,223,845$0$0$2,038,382
87$3,382,546$0$0$2,139,748
88$3,552,075$0$0$2,248,098
89$3,733,368$0$0$2,364,037
90$3,927,451$0$0$2,488,232
91$4,135,449$0$0$2,621,410
92$4,358,595$0$0$2,764,373
93$4,598,245$0$0$2,917,999
94$4,855,883$0$0$3,083,252
95$5,133,142$0$0$3,261,191
96$5,431,813$0$0$3,452,978
97$5,753,864$0$0$3,659,891
98$6,101,456$0$0$3,883,332
99$6,476,965$0$0$4,124,844
100$6,883,000$0$0$4,386,120