Can I retire at age 45 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$51,942$51,480$51,028$50,588$50,157$49,779
2 years$25,714$25,235$24,771$24,321$23,884$23,503
3 years$16,972$16,491$16,028$15,583$15,153$14,780
4 years$12,602$12,123$11,665$11,226$10,807$10,446
5 years$9,981$9,505$9,052$8,623$8,216$7,867
6 years$8,234$7,761$7,316$6,896$6,501$6,165
7 years$6,987$6,518$6,079$5,669$5,287$4,964
8 years$6,052$5,587$5,156$4,756$4,386$4,077
9 years$5,325$4,864$4,441$4,051$3,694$3,398
10 years$4,744$4,288$3,871$3,492$3,147$2,864
11 years$4,269$3,817$3,408$3,039$2,707$2,436
12 years$3,873$3,426$3,025$2,666$2,346$2,088
13 years$3,538$3,096$2,702$2,353$2,045$1,800
14 years$3,252$2,814$2,428$2,089$1,793$1,560
15 years$3,004$2,571$2,192$1,863$1,579$1,357
16 years$2,787$2,359$1,988$1,668$1,395$1,185
17 years$2,596$2,172$1,809$1,499$1,237$1,038
18 years$2,426$2,007$1,651$1,351$1,100$911
19 years$2,274$1,860$1,511$1,221$980$802
20 years$2,138$1,729$1,387$1,105$876$707
21 years$2,015$1,610$1,276$1,003$784$624
22 years$1,903$1,503$1,176$912$702$552
23 years$1,801$1,406$1,086$831$631$489
24 years$1,707$1,317$1,004$758$567$434
25 years$1,622$1,236$930$692$510$385
26 years$1,543$1,162$863$633$459$342
27 years$1,470$1,093$801$579$414$304
28 years$1,402$1,030$745$531$374$270
29 years$1,339$972$693$487$337$241
30 years$1,280$918$645$447$305$214
31 years$1,226$868$602$410$276$191
32 years$1,174$821$561$377$249$170
33 years$1,126$778$524$347$226$152
34 years$1,081$737$490$319$204$135
35 years$1,039$699$458$294$185$121
36 years$999$663$428$270$168$108
37 years$961$630$401$249$152$96
38 years$926$599$375$230$138$86
39 years$892$569$352$212$125$77
40 years$860$542$330$195$113$69
41 years$830$516$309$180$103$61
42 years$801$491$290$166$93$55
43 years$773$468$272$153$85$49
44 years$747$446$255$142$77$44
45 years$722$425$240$131$70$39
46 years$699$406$225$121$63$35
47 years$676$387$212$112$58$31
48 years$655$370$199$103$52$28
49 years$634$353$187$95$47$25
50 years$614$337$176$88$43$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $629,000, adding $5,227 every year, while hoping to spend $34,316 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: 25/46/29 Blend
44$629,000$629,000$629,000$629,000
45$698,550$665,213$655,463$709,583
46$733,290$661,296$640,909$715,322
47$770,423$656,038$624,718$718,228
48$810,158$649,335$606,797$720,639
49$852,722$641,080$587,053$722,535
50$898,365$631,159$565,385$723,900
51$947,362$619,449$541,688$724,722
52$1,000,013$605,822$515,855$724,987
53$1,056,650$590,143$487,772$724,687
54$1,117,634$572,266$457,318$723,817
55$1,183,365$552,039$424,371$722,376
56$1,254,280$529,301$388,799$720,367
57$1,330,860$503,880$350,467$717,800
58$1,413,633$475,596$309,233$714,691
59$1,503,181$444,257$264,949$711,063
60$1,600,141$409,661$217,461$706,948
61$1,705,215$371,594$166,606$702,388
62$1,819,176$329,831$112,216$697,436
63$1,942,871$284,133$54,115$692,158
64$2,077,235$234,246$0$686,635
65$2,223,295$179,906$0$683,404
66$2,382,178$120,829$0$698,168
67$2,555,130$56,719$0$714,363
68$2,743,516$0$0$732,213
69$2,948,843$0$0$758,422
70$3,172,765$0$0$818,412
71$3,417,107$0$0$883,974
72$3,683,874$0$0$955,659
73$3,975,276$0$0$1,034,074
74$4,293,743$0$0$1,119,887
75$4,641,953$0$0$1,213,833
76$5,022,853$0$0$1,316,723
77$5,439,689$0$0$1,429,448
78$5,896,034$0$0$1,552,992
79$6,395,824$0$0$1,688,436
80$6,943,391$0$0$1,836,972
81$7,543,509$0$0$1,999,912
82$8,201,433$0$0$2,178,703
83$8,922,953$0$0$2,374,937
84$9,714,445$0$0$2,590,368
85$10,582,931$0$0$2,826,928
86$11,536,148$0$0$3,086,746
87$12,582,616$0$0$3,372,167
88$13,731,722$0$0$3,685,774
89$14,993,806$0$0$4,030,413
90$16,380,258$0$0$4,409,218
91$17,903,627$0$0$4,825,645
92$19,577,735$0$0$5,283,497
93$21,417,812$0$0$5,786,968
94$23,440,637$0$0$6,340,677
95$25,664,693$0$0$6,949,712
96$28,110,346$0$0$7,619,680
97$30,800,032$0$0$8,356,761
98$33,758,474$0$0$9,167,759
99$37,012,906$0$0$10,060,175
100$40,593,340$0$0$11,042,273