Can I retire at age 45 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$51,860$51,398$50,947$50,507$50,078$49,167
2 years$25,673$25,195$24,732$24,282$23,846$22,932
3 years$16,945$16,465$16,003$15,558$15,129$14,240
4 years$12,582$12,104$11,646$11,209$10,790$9,933
5 years$9,965$9,489$9,038$8,609$8,203$7,379
6 years$8,221$7,749$7,304$6,885$6,490$5,702
7 years$6,976$6,507$6,070$5,660$5,278$4,526
8 years$6,042$5,578$5,147$4,748$4,379$3,662
9 years$5,316$4,857$4,434$4,045$3,688$3,005
10 years$4,736$4,281$3,865$3,486$3,142$2,494
11 years$4,262$3,811$3,403$3,034$2,702$2,087
12 years$3,867$3,421$3,020$2,661$2,342$1,759
13 years$3,533$3,091$2,698$2,350$2,042$1,491
14 years$3,247$2,810$2,424$2,086$1,790$1,270
15 years$2,999$2,567$2,189$1,860$1,576$1,085
16 years$2,782$2,355$1,984$1,666$1,393$931
17 years$2,591$2,169$1,806$1,496$1,235$800
18 years$2,422$2,004$1,648$1,349$1,098$690
19 years$2,271$1,857$1,509$1,219$979$596
20 years$2,134$1,726$1,385$1,104$874$515
21 years$2,011$1,608$1,274$1,002$782$446
22 years$1,900$1,501$1,174$911$701$387
23 years$1,798$1,404$1,084$829$630$336
24 years$1,705$1,315$1,003$756$566$292
25 years$1,619$1,234$929$691$509$254
26 years$1,540$1,160$861$632$459$221
27 years$1,467$1,092$800$578$414$192
28 years$1,400$1,029$743$530$373$168
29 years$1,337$970$692$486$337$146
30 years$1,278$916$644$446$304$127
31 years$1,224$866$601$409$275$111
32 years$1,173$820$561$376$249$97
33 years$1,125$776$523$346$225$85
34 years$1,080$736$489$318$204$74
35 years$1,037$698$457$293$185$64
36 years$997$662$428$270$167$56
37 years$960$629$400$249$152$49
38 years$924$598$375$229$138$43
39 years$890$569$351$211$125$37
40 years$859$541$329$195$113$33
41 years$828$515$309$180$103$29
42 years$800$490$290$166$93$25
43 years$772$467$272$153$85$22
44 years$746$445$255$141$77$19
45 years$721$425$239$131$70$17
46 years$698$405$225$121$63$15
47 years$675$387$211$112$57$13
48 years$654$369$199$103$52$11
49 years$633$352$187$95$47$10
50 years$613$337$175$88$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $628,000, adding $4,808 every year, while hoping to spend $22,120 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: 40/32/28 Blend
44$628,000$628,000$628,000$628,000
45$697,015$663,731$653,997$718,973
46$744,576$672,719$652,371$744,360
47$796,245$681,405$649,948$769,400
48$852,421$689,752$646,680$796,069
49$913,537$697,720$642,513$824,530
50$980,074$705,264$637,394$854,963
51$1,052,558$712,339$631,263$887,570
52$1,131,570$718,894$624,061$922,572
53$1,217,748$724,878$615,725$960,215
54$1,311,795$730,234$606,189$1,000,770
55$1,414,485$734,902$595,383$1,044,538
56$1,526,669$738,819$583,235$1,091,852
57$1,649,285$741,916$569,669$1,143,082
58$1,783,365$744,123$554,605$1,198,635
59$1,930,045$745,362$537,962$1,258,962
60$2,090,578$745,553$519,651$1,324,563
61$2,266,340$744,608$499,583$1,395,990
62$2,458,849$742,437$477,662$1,473,854
63$2,669,777$738,941$453,788$1,558,829
64$2,900,963$734,018$427,859$1,651,662
65$3,154,435$727,558$399,766$1,753,180
66$3,432,424$719,446$369,395$1,864,294
67$3,737,389$709,557$336,628$1,986,012
68$4,072,039$697,761$301,341$2,119,448
69$4,439,357$683,921$263,406$2,265,835
70$4,842,628$667,890$222,687$2,426,532
71$5,285,472$649,513$179,043$2,603,042
72$5,771,877$628,625$132,327$2,797,025
73$6,306,234$605,054$82,386$3,010,314
74$6,893,383$578,614$29,059$3,244,935
75$7,538,654$549,113$0$3,503,124
76$8,247,921$516,343$0$3,795,671
77$9,027,653$480,088$0$4,126,786
78$9,884,979$440,117$0$4,490,845
79$10,827,751$396,188$0$4,891,226
80$11,864,624$348,043$0$5,331,657
81$13,005,129$295,411$0$5,816,248
82$14,259,771$238,005$0$6,349,534
83$15,640,122$175,522$0$6,936,512
84$17,158,934$107,641$0$7,582,696
85$18,830,255$34,025$0$8,294,164
86$20,669,565$0$0$9,077,620
87$22,693,922$0$0$9,956,542
88$24,922,120$0$0$10,937,253
89$27,374,866$0$0$12,016,899
90$30,074,979$0$0$13,205,535
91$33,047,601$0$0$14,514,244
92$36,320,438$0$0$15,955,237
93$39,924,016$0$0$17,541,968
94$43,891,975$0$0$19,289,263
95$48,261,380$0$0$21,213,460
96$53,073,076$0$0$23,332,561
97$58,372,070$0$0$25,666,402
98$64,207,955$0$0$28,236,844
99$70,635,382$0$0$31,067,974
100$77,714,570$0$0$34,186,335