Can I retire at age 45 with 627,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$51,777$51,316$50,866$50,427$49,998$49,600
2 years$25,632$25,155$24,692$24,244$23,809$23,407
3 years$16,918$16,439$15,977$15,533$15,105$14,713
4 years$12,562$12,084$11,628$11,191$10,773$10,393
5 years$9,949$9,474$9,023$8,596$8,190$7,823
6 years$8,208$7,736$7,292$6,874$6,480$6,127
7 years$6,965$6,497$6,060$5,651$5,270$4,931
8 years$6,033$5,569$5,139$4,741$4,372$4,047
9 years$5,308$4,849$4,426$4,038$3,682$3,371
10 years$4,729$4,274$3,859$3,481$3,137$2,840
11 years$4,255$3,805$3,397$3,029$2,698$2,415
12 years$3,860$3,415$3,015$2,657$2,338$2,068
13 years$3,527$3,086$2,694$2,346$2,039$1,782
14 years$3,241$2,805$2,420$2,082$1,787$1,543
15 years$2,994$2,563$2,185$1,857$1,574$1,341
16 years$2,778$2,351$1,981$1,663$1,391$1,170
17 years$2,587$2,165$1,803$1,494$1,233$1,024
18 years$2,418$2,001$1,646$1,346$1,096$899
19 years$2,267$1,854$1,507$1,217$977$790
20 years$2,131$1,723$1,383$1,102$873$696
21 years$2,008$1,605$1,272$1,000$781$615
22 years$1,897$1,498$1,172$909$700$543
23 years$1,795$1,401$1,082$828$629$481
24 years$1,702$1,313$1,001$755$565$426
25 years$1,617$1,232$927$690$508$378
26 years$1,538$1,158$860$631$458$335
27 years$1,465$1,090$798$577$413$298
28 years$1,397$1,027$742$529$373$265
29 years$1,335$969$691$485$336$235
30 years$1,276$915$643$445$304$210
31 years$1,222$865$600$409$275$187
32 years$1,171$818$560$376$249$166
33 years$1,123$775$523$346$225$148
34 years$1,078$735$488$318$204$132
35 years$1,036$697$456$293$184$118
36 years$996$661$427$270$167$105
37 years$958$628$400$248$151$94
38 years$923$597$374$229$137$83
39 years$889$568$351$211$125$74
40 years$857$540$329$195$113$66
41 years$827$514$308$180$102$59
42 years$798$490$289$166$93$53
43 years$771$466$271$153$84$47
44 years$745$445$255$141$77$42
45 years$720$424$239$130$70$38
46 years$697$404$225$121$63$34
47 years$674$386$211$111$57$30
48 years$652$368$198$103$52$27
49 years$632$352$186$95$47$24
50 years$612$336$175$88$43$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $627,000, adding $3,799 every year, while hoping to spend $39,357 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: 68/15/17 Blend
44$627,000$627,000$627,000$627,000
45$694,873$661,642$651,923$739,036
46$723,874$652,187$631,887$759,534
47$754,515$640,949$609,861$776,965
48$786,920$627,800$585,736$795,053
49$821,227$612,604$559,399$813,859
50$857,586$595,215$530,733$833,451
51$896,160$575,481$499,612$853,907
52$937,128$553,239$465,909$875,313
53$980,686$528,319$429,488$897,764
54$1,027,048$500,539$390,208$921,369
55$1,076,449$469,707$347,922$946,246
56$1,129,144$435,620$302,475$972,529
57$1,185,416$398,065$253,707$1,000,368
58$1,245,572$356,814$201,450$1,029,927
59$1,309,950$311,627$145,528$1,061,392
60$1,378,921$262,253$85,759$1,094,968
61$1,452,891$208,423$21,952$1,130,885
62$1,532,304$149,854$0$1,169,397
63$1,617,652$86,250$0$1,219,156
64$1,709,470$17,294$0$1,276,902
65$1,808,348$0$0$1,339,038
66$1,914,934$0$0$1,415,459
67$2,029,939$0$0$1,501,024
68$2,154,145$0$0$1,593,465
69$2,288,410$0$0$1,693,423
70$2,433,678$0$0$1,801,607
71$2,590,986$0$0$1,918,791
72$2,761,476$0$0$2,045,832
73$2,946,401$0$0$2,183,667
74$3,147,141$0$0$2,333,330
75$3,365,213$0$0$2,495,956
76$3,602,286$0$0$2,672,797
77$3,860,196$0$0$2,865,226
78$4,140,963$0$0$3,074,756
79$4,446,809$0$0$3,303,053
80$4,780,181$0$0$3,551,949
81$5,143,770$0$0$3,823,459
82$5,540,540$0$0$4,119,804
83$5,973,752$0$0$4,443,425
84$6,446,995$0$0$4,797,014
85$6,964,223$0$0$5,183,529
86$7,529,787$0$0$5,606,232
87$8,148,477$0$0$6,068,711
88$8,825,570$0$0$6,574,917
89$9,566,873$0$0$7,129,204
90$10,378,784$0$0$7,736,363
91$11,268,346$0$0$8,401,671
92$12,243,318$0$0$9,130,941
93$13,312,243$0$0$9,930,574
94$14,484,532$0$0$10,807,620
95$15,770,550$0$0$11,769,845
96$17,181,712$0$0$12,825,803
97$18,730,593$0$0$13,984,914
98$20,431,045$0$0$15,257,556
99$22,298,326$0$0$16,655,164
100$24,349,245$0$0$18,190,329