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%16.5%
1 years$51,612$51,152$50,704$50,266$49,838$48,515
2 years$25,550$25,075$24,613$24,166$23,733$22,409
3 years$16,864$16,387$15,927$15,484$15,057$13,774
4 years$12,522$12,046$11,590$11,155$10,739$9,507
5 years$9,918$9,444$8,995$8,568$8,163$6,985
6 years$8,182$7,712$7,269$6,852$6,459$5,336
7 years$6,942$6,476$6,041$5,633$5,253$4,185
8 years$6,013$5,551$5,123$4,726$4,358$3,345
9 years$5,291$4,834$4,412$4,025$3,670$2,711
10 years$4,714$4,261$3,847$3,470$3,127$2,220
11 years$4,241$3,793$3,387$3,020$2,689$1,834
12 years$3,848$3,404$3,006$2,649$2,331$1,525
13 years$3,516$3,076$2,685$2,338$2,032$1,274
14 years$3,231$2,796$2,413$2,076$1,782$1,070
15 years$2,984$2,555$2,178$1,851$1,569$901
16 years$2,769$2,344$1,975$1,658$1,386$761
17 years$2,579$2,159$1,797$1,489$1,229$645
18 years$2,410$1,995$1,641$1,342$1,093$547
19 years$2,260$1,849$1,502$1,213$974$465
20 years$2,124$1,718$1,378$1,098$870$396
21 years$2,002$1,600$1,268$997$779$338
22 years$1,891$1,494$1,168$906$698$288
23 years$1,789$1,397$1,079$825$627$246
24 years$1,697$1,309$998$753$563$210
25 years$1,611$1,228$924$688$507$180
26 years$1,533$1,154$857$629$456$154
27 years$1,460$1,086$796$575$412$132
28 years$1,393$1,024$740$527$371$113
29 years$1,330$966$689$483$335$97
30 years$1,272$912$641$444$303$83
31 years$1,218$862$598$408$274$71
32 years$1,167$816$558$375$248$61
33 years$1,119$773$521$344$224$52
34 years$1,074$732$487$317$203$45
35 years$1,032$695$455$292$184$38
36 years$993$659$426$269$167$33
37 years$955$626$398$248$151$28
38 years$920$595$373$228$137$24
39 years$886$566$350$210$124$21
40 years$854$538$328$194$113$18
41 years$824$512$307$179$102$15
42 years$796$488$288$165$93$13
43 years$768$465$270$153$84$11
44 years$743$443$254$141$76$10
45 years$718$423$238$130$69$8
46 years$694$403$224$120$63$7
47 years$672$385$210$111$57$6
48 years$650$367$198$103$52$5
49 years$630$351$186$95$47$5
50 years$610$335$175$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $625,000, adding $4,839 every year, while hoping to spend $41,090 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: 42/32/26 Blend
44$625,000$625,000$625,000$625,000
45$693,741$660,616$650,929$717,423
46$720,784$649,267$629,016$723,516
47$749,207$635,985$604,991$725,849
48$779,109$620,631$578,741$727,577
49$810,596$603,059$550,146$728,667
50$843,782$583,115$519,082$729,087
51$878,795$560,635$485,419$728,805
52$915,771$535,445$449,019$727,790
53$954,860$507,362$409,741$726,012
54$996,225$476,192$367,437$723,442
55$1,040,044$441,729$321,950$720,050
56$1,086,512$403,757$273,119$715,812
57$1,135,841$362,047$220,774$710,703
58$1,188,266$316,355$164,738$704,702
59$1,244,039$266,427$104,827$697,792
60$1,303,440$211,991$40,848$689,959
61$1,366,775$152,762$0$681,195
62$1,434,376$88,438$0$679,105
63$1,506,611$18,700$0$688,673
64$1,583,880$0$0$698,626
65$1,666,624$0$0$729,046
66$1,755,326$0$0$768,767
67$1,850,514$0$0$811,449
68$1,952,770$0$0$857,358
69$2,062,732$0$0$906,789
70$2,181,099$0$0$960,064
71$2,308,641$0$0$1,017,539
72$2,446,202$0$0$1,079,601
73$2,594,709$0$0$1,146,679
74$2,755,182$0$0$1,219,244
75$2,928,742$0$0$1,297,811
76$3,116,620$0$0$1,382,950
77$3,320,169$0$0$1,475,285
78$3,540,878$0$0$1,575,503
79$3,780,385$0$0$1,684,361
80$4,040,489$0$0$1,802,689
81$4,323,170$0$0$1,931,401
82$4,630,607$0$0$2,071,505
83$4,965,196$0$0$2,224,107
84$5,329,575$0$0$2,390,426
85$5,726,645$0$0$2,571,802
86$6,159,601$0$0$2,769,711
87$6,631,956$0$0$2,985,778
88$7,147,580$0$0$3,221,791
89$7,710,731$0$0$3,479,719
90$8,326,098$0$0$3,761,728
91$8,998,841$0$0$4,070,205
92$9,734,644$0$0$4,407,777
93$10,539,764$0$0$4,777,338
94$11,421,089$0$0$5,182,073
95$12,386,208$0$0$5,625,490
96$13,443,473$0$0$6,111,454
97$14,602,087$0$0$6,644,219
98$15,872,181$0$0$7,228,472
99$17,264,917$0$0$7,869,374
100$18,792,586$0$0$8,572,613