Can I retire at age 45 with 627,000?

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 $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%12.3%
1 years$51,777$51,316$50,866$50,427$49,998$49,517
2 years$25,632$25,155$24,692$24,244$23,809$23,324
3 years$16,918$16,439$15,977$15,533$15,105$14,632
4 years$12,562$12,084$11,628$11,191$10,773$10,315
5 years$9,949$9,474$9,023$8,596$8,190$7,748
6 years$8,208$7,736$7,292$6,874$6,480$6,056
7 years$6,965$6,497$6,060$5,651$5,270$4,863
8 years$6,033$5,569$5,139$4,741$4,372$3,982
9 years$5,308$4,849$4,426$4,038$3,682$3,309
10 years$4,729$4,274$3,859$3,481$3,137$2,781
11 years$4,255$3,805$3,397$3,029$2,698$2,358
12 years$3,860$3,415$3,015$2,657$2,338$2,015
13 years$3,527$3,086$2,694$2,346$2,039$1,731
14 years$3,241$2,805$2,420$2,082$1,787$1,495
15 years$2,994$2,563$2,185$1,857$1,574$1,297
16 years$2,778$2,351$1,981$1,663$1,391$1,128
17 years$2,587$2,165$1,803$1,494$1,233$985
18 years$2,418$2,001$1,646$1,346$1,096$862
19 years$2,267$1,854$1,507$1,217$977$755
20 years$2,131$1,723$1,383$1,102$873$664
21 years$2,008$1,605$1,272$1,000$781$584
22 years$1,897$1,498$1,172$909$700$515
23 years$1,795$1,401$1,082$828$629$454
24 years$1,702$1,313$1,001$755$565$401
25 years$1,617$1,232$927$690$508$355
26 years$1,538$1,158$860$631$458$314
27 years$1,465$1,090$798$577$413$278
28 years$1,397$1,027$742$529$373$246
29 years$1,335$969$691$485$336$218
30 years$1,276$915$643$445$304$194
31 years$1,222$865$600$409$275$172
32 years$1,171$818$560$376$249$152
33 years$1,123$775$523$346$225$135
34 years$1,078$735$488$318$204$120
35 years$1,036$697$456$293$184$107
36 years$996$661$427$270$167$95
37 years$958$628$400$248$151$84
38 years$923$597$374$229$137$75
39 years$889$568$351$211$125$67
40 years$857$540$329$195$113$59
41 years$827$514$308$180$102$53
42 years$798$490$289$166$93$47
43 years$771$466$271$153$84$42
44 years$745$445$255$141$77$37
45 years$720$424$239$130$70$33
46 years$697$404$225$121$63$29
47 years$674$386$211$111$57$26
48 years$652$368$198$103$52$23
49 years$632$352$186$95$47$21
50 years$612$336$175$88$43$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $627,000, adding $2,150 every year, while hoping to spend $55,095 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: 60/11/29 Blend
44$627,000$627,000$627,000$627,000
45$693,172$659,941$650,222$729,188
46$705,255$633,657$613,384$727,745
47$716,723$604,239$573,465$720,111
48$727,457$571,475$530,304$710,637
49$737,321$535,141$483,733$699,158
50$746,165$494,999$433,575$685,495
51$753,820$450,801$379,646$669,452
52$760,100$402,280$321,754$650,819
53$764,795$349,157$259,699$629,365
54$767,676$291,138$193,270$604,840
55$768,484$227,908$122,249$576,973
56$766,933$159,140$46,409$545,468
57$762,706$84,483$0$510,004
58$755,451$3,572$0$480,915
59$744,777$0$0$463,156
60$730,250$0$0$452,182
61$711,391$0$0$438,746
62$687,668$0$0$422,065
63$658,492$0$0$401,746
64$623,212$0$0$377,359
65$581,106$0$0$348,425
66$531,376$0$0$314,416
67$473,141$0$0$274,747
68$405,424$0$0$228,773
69$327,146$0$0$175,778
70$237,116$0$0$114,973
71$134,015$0$0$45,486
72$16,389$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0