Can I retire at age 45 with 626,000?

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 $626,000?

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$51,694$51,234$50,785$50,346$49,918$48,378
2 years$25,591$25,115$24,653$24,205$23,771$22,233
3 years$16,891$16,413$15,952$15,508$15,081$13,593
4 years$12,542$12,065$11,609$11,173$10,756$9,330
5 years$9,934$9,459$9,009$8,582$8,176$6,816
6 years$8,195$7,724$7,281$6,863$6,470$5,176
7 years$6,954$6,487$6,050$5,642$5,262$4,034
8 years$6,023$5,560$5,131$4,733$4,365$3,203
9 years$5,299$4,841$4,419$4,032$3,676$2,579
10 years$4,721$4,267$3,853$3,475$3,132$2,098
11 years$4,248$3,799$3,392$3,025$2,694$1,720
12 years$3,854$3,410$3,010$2,653$2,334$1,420
13 years$3,521$3,081$2,690$2,342$2,036$1,178
14 years$3,236$2,801$2,417$2,079$1,784$981
15 years$2,989$2,559$2,182$1,854$1,571$820
16 years$2,773$2,348$1,978$1,660$1,389$688
17 years$2,583$2,162$1,800$1,492$1,231$578
18 years$2,414$1,998$1,643$1,344$1,095$486
19 years$2,263$1,852$1,504$1,215$976$410
20 years$2,128$1,721$1,381$1,100$872$346
21 years$2,005$1,603$1,270$998$780$293
22 years$1,894$1,496$1,170$908$699$248
23 years$1,792$1,399$1,081$827$628$210
24 years$1,699$1,311$999$754$564$178
25 years$1,614$1,230$926$689$508$151
26 years$1,535$1,156$858$630$457$128
27 years$1,463$1,088$797$576$412$108
28 years$1,395$1,025$741$528$372$92
29 years$1,333$967$690$484$336$78
30 years$1,274$914$642$444$303$66
31 years$1,220$864$599$408$274$56
32 years$1,169$817$559$375$248$48
33 years$1,121$774$522$345$225$41
34 years$1,076$733$487$317$203$35
35 years$1,034$696$456$292$184$29
36 years$994$660$426$269$167$25
37 years$957$627$399$248$151$21
38 years$921$596$374$229$137$18
39 years$888$567$350$211$124$15
40 years$856$539$328$194$113$13
41 years$826$513$308$179$102$11
42 years$797$489$289$165$93$9
43 years$770$466$271$153$84$8
44 years$744$444$254$141$76$7
45 years$719$423$239$130$69$6
46 years$695$404$224$120$63$5
47 years$673$385$211$111$57$4
48 years$651$368$198$103$52$4
49 years$631$351$186$95$47$3
50 years$611$336$175$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $626,000, adding $2,817 every year, while hoping to spend $47,503 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: 46/27/27 Blend
44$626,000$626,000$626,000$626,000
45$692,758$659,580$649,877$719,129
46$712,876$641,356$621,105$719,836
47$733,455$620,648$589,777$715,771
48$754,490$597,282$555,757$710,437
49$775,977$571,078$518,904$703,740
50$797,908$541,842$479,069$695,582
51$820,274$509,372$436,097$685,857
52$843,061$473,451$389,826$674,452
53$866,256$433,852$340,087$661,247
54$889,838$390,335$286,704$646,117
55$913,785$342,645$229,493$628,926
56$938,070$290,514$168,260$609,530
57$962,661$233,657$102,804$587,777
58$987,521$171,775$32,917$563,506
59$1,012,607$104,550$0$536,542
60$1,037,869$31,649$0$518,707
61$1,063,250$0$0$508,702
62$1,088,684$0$0$510,942
63$1,114,098$0$0$522,535
64$1,139,407$0$0$534,034
65$1,164,514$0$0$545,390
66$1,189,313$0$0$556,546
67$1,213,680$0$0$567,438
68$1,237,480$0$0$577,997
69$1,260,557$0$0$588,142
70$1,282,739$0$0$597,785
71$1,303,831$0$0$606,824
72$1,323,619$0$0$615,151
73$1,341,859$0$0$622,638
74$1,358,281$0$0$629,149
75$1,372,584$0$0$634,529
76$1,384,432$0$0$638,605
77$1,393,452$0$0$641,187
78$1,399,228$0$0$642,062
79$1,401,297$0$0$640,993
80$1,399,148$0$0$637,719
81$1,392,209$0$0$631,948
82$1,379,848$0$0$623,358
83$1,361,364$0$0$611,590
84$1,335,979$0$0$596,249
85$1,302,831$0$0$576,894
86$1,260,965$0$0$553,040
87$1,209,324$0$0$524,148
88$1,146,737$0$0$489,622
89$1,071,910$0$0$448,802
90$983,408$0$0$400,960
91$879,648$0$0$345,289
92$758,876$0$0$280,898
93$619,154$0$0$206,801
94$458,342$0$0$121,909
95$274,071$0$0$25,020
96$63,728$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0