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%12.2%
1 years$51,860$51,398$50,947$50,507$50,078$49,617
2 years$25,673$25,195$24,732$24,282$23,846$23,382
3 years$16,945$16,465$16,003$15,558$15,129$14,676
4 years$12,582$12,104$11,646$11,209$10,790$10,351
5 years$9,965$9,489$9,038$8,609$8,203$7,779
6 years$8,221$7,749$7,304$6,885$6,490$6,083
7 years$6,976$6,507$6,070$5,660$5,278$4,888
8 years$6,042$5,578$5,147$4,748$4,379$4,005
9 years$5,316$4,857$4,434$4,045$3,688$3,330
10 years$4,736$4,281$3,865$3,486$3,142$2,800
11 years$4,262$3,811$3,403$3,034$2,702$2,376
12 years$3,867$3,421$3,020$2,661$2,342$2,031
13 years$3,533$3,091$2,698$2,350$2,042$1,747
14 years$3,247$2,810$2,424$2,086$1,790$1,509
15 years$2,999$2,567$2,189$1,860$1,576$1,310
16 years$2,782$2,355$1,984$1,666$1,393$1,140
17 years$2,591$2,169$1,806$1,496$1,235$996
18 years$2,422$2,004$1,648$1,349$1,098$872
19 years$2,271$1,857$1,509$1,219$979$765
20 years$2,134$1,726$1,385$1,104$874$673
21 years$2,011$1,608$1,274$1,002$782$593
22 years$1,900$1,501$1,174$911$701$523
23 years$1,798$1,404$1,084$829$630$461
24 years$1,705$1,315$1,003$756$566$408
25 years$1,619$1,234$929$691$509$361
26 years$1,540$1,160$861$632$459$320
27 years$1,467$1,092$800$578$414$283
28 years$1,400$1,029$743$530$373$251
29 years$1,337$970$692$486$337$223
30 years$1,278$916$644$446$304$198
31 years$1,224$866$601$409$275$176
32 years$1,173$820$561$376$249$156
33 years$1,125$776$523$346$225$139
34 years$1,080$736$489$318$204$123
35 years$1,037$698$457$293$185$110
36 years$997$662$428$270$167$98
37 years$960$629$400$249$152$87
38 years$924$598$375$229$138$77
39 years$890$569$351$211$125$69
40 years$859$541$329$195$113$61
41 years$828$515$309$180$103$54
42 years$800$490$290$166$93$49
43 years$772$467$272$153$85$43
44 years$746$445$255$141$77$38
45 years$721$425$239$131$70$34
46 years$698$405$225$121$63$31
47 years$675$387$211$112$57$27
48 years$654$369$199$103$52$24
49 years$633$352$187$95$47$22
50 years$613$337$175$88$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $628,000, adding $5,275 every year, while hoping to spend $28,801 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: 27/48/25 Blend
44$628,000$628,000$628,000$628,000
45$697,497$664,213$654,479$710,756
46$737,998$666,116$645,760$723,656
47$781,664$667,146$635,784$734,647
48$828,789$667,231$624,478$745,849
49$879,693$666,293$611,765$757,300
50$934,731$664,250$597,568$769,042
51$994,289$661,014$581,802$781,125
52$1,058,795$656,492$564,381$793,607
53$1,128,718$650,586$545,214$806,554
54$1,204,573$643,191$524,205$820,044
55$1,286,929$634,197$501,255$834,164
56$1,376,409$623,486$476,261$849,012
57$1,473,700$610,934$449,112$864,703
58$1,579,557$596,409$419,697$881,367
59$1,694,810$579,772$387,895$899,149
60$1,820,375$560,875$353,584$918,215
61$1,957,257$539,562$316,633$938,753
62$2,106,564$515,667$276,907$960,973
63$2,269,515$489,016$234,265$985,115
64$2,447,452$459,424$188,559$1,011,446
65$2,641,851$426,695$139,634$1,040,267
66$2,854,339$390,621$87,331$1,071,917
67$3,086,705$350,986$31,481$1,106,774
68$3,340,922$307,557$0$1,145,264
69$3,619,159$260,090$0$1,195,364
70$3,923,806$208,327$0$1,259,553
71$4,257,495$151,996$0$1,330,071
72$4,623,124$90,809$0$1,407,634
73$5,023,886$24,461$0$1,493,039
74$5,463,295$0$0$1,587,171
75$5,945,224$0$0$1,716,027
76$6,473,936$0$0$1,871,674
77$7,054,130$0$0$2,042,585
78$7,690,978$0$0$2,230,300
79$8,390,181$0$0$2,436,511
80$9,158,017$0$0$2,663,086
81$10,001,401$0$0$2,912,080
82$10,927,952$0$0$3,185,758
83$11,946,063$0$0$3,486,616
84$13,064,980$0$0$3,817,402
85$14,294,890$0$0$4,181,146
86$15,647,016$0$0$4,581,185
87$17,133,720$0$0$5,021,195
88$18,768,626$0$0$5,505,226
89$20,566,741$0$0$6,037,743
90$22,544,601$0$0$6,623,662
91$24,720,424$0$0$7,268,402
92$27,114,284$0$0$7,977,934
93$29,748,297$0$0$8,758,834
94$32,646,833$0$0$9,618,351
95$35,836,742$0$0$10,564,472
96$39,347,610$0$0$11,605,996
97$43,212,035$0$0$12,752,620
98$47,465,937$0$0$14,015,029
99$52,148,894$0$0$15,404,994
100$57,304,519$0$0$16,935,490