Can I retire at age 45 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$52,025$51,561$51,109$50,668$50,237$48,687
2 years$25,755$25,275$24,810$24,360$23,922$22,375
3 years$16,999$16,518$16,054$15,607$15,177$13,680
4 years$12,622$12,142$11,683$11,244$10,825$9,389
5 years$9,997$9,520$9,067$8,637$8,229$6,859
6 years$8,247$7,773$7,327$6,907$6,511$5,209
7 years$6,998$6,528$6,089$5,678$5,295$4,060
8 years$6,061$5,596$5,164$4,764$4,393$3,224
9 years$5,333$4,872$4,448$4,057$3,699$2,595
10 years$4,751$4,295$3,878$3,498$3,152$2,111
11 years$4,275$3,823$3,414$3,044$2,711$1,731
12 years$3,879$3,432$3,030$2,670$2,349$1,429
13 years$3,544$3,101$2,707$2,357$2,049$1,186
14 years$3,257$2,819$2,432$2,092$1,796$988
15 years$3,008$2,575$2,196$1,866$1,581$826
16 years$2,791$2,363$1,991$1,671$1,397$692
17 years$2,600$2,176$1,812$1,501$1,239$581
18 years$2,430$2,011$1,654$1,353$1,102$489
19 years$2,278$1,863$1,514$1,222$982$413
20 years$2,141$1,732$1,389$1,107$877$348
21 years$2,018$1,613$1,278$1,005$785$294
22 years$1,906$1,506$1,178$914$704$249
23 years$1,804$1,408$1,088$832$632$211
24 years$1,710$1,319$1,006$759$568$179
25 years$1,624$1,238$932$693$511$151
26 years$1,545$1,164$864$634$460$128
27 years$1,472$1,095$802$580$415$109
28 years$1,404$1,032$746$531$374$93
29 years$1,341$973$694$487$338$79
30 years$1,282$919$646$447$305$67
31 years$1,228$869$603$411$276$57
32 years$1,176$822$562$378$250$48
33 years$1,128$779$525$347$226$41
34 years$1,083$738$491$319$205$35
35 years$1,041$700$459$294$185$30
36 years$1,001$664$429$271$168$25
37 years$963$631$402$250$152$21
38 years$927$600$376$230$138$18
39 years$893$570$352$212$125$15
40 years$861$543$330$196$114$13
41 years$831$517$310$180$103$11
42 years$802$492$290$167$93$9
43 years$775$469$273$154$85$8
44 years$749$447$256$142$77$7
45 years$724$426$240$131$70$6
46 years$700$406$226$121$63$5
47 years$677$388$212$112$58$4
48 years$656$370$199$103$52$4
49 years$635$354$187$96$48$3
50 years$615$338$176$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $630,000, adding $6,752 every year, while hoping to spend $24,765 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: 48/47/5 Blend
44$630,000$630,000$630,000$630,000
45$701,225$667,835$658,070$733,675
46$746,400$674,209$653,765$762,945
47$795,353$680,065$648,487$791,515
48$848,443$685,353$642,175$821,941
49$906,065$690,016$634,769$854,403
50$968,654$693,996$626,203$889,097
51$1,036,687$697,233$616,412$926,242
52$1,110,690$699,658$605,322$966,081
53$1,191,241$701,203$592,862$1,008,881
54$1,278,978$701,792$578,953$1,054,938
55$1,374,600$701,346$563,514$1,104,578
56$1,478,878$699,781$546,461$1,158,165
57$1,592,661$697,007$527,705$1,216,099
58$1,716,882$692,930$507,152$1,278,821
59$1,852,569$687,449$484,707$1,346,820
60$2,000,855$680,457$460,268$1,420,639
61$2,162,984$671,842$433,729$1,500,874
62$2,340,329$661,482$404,980$1,588,186
63$2,534,399$649,252$373,903$1,683,306
64$2,746,859$635,016$340,380$1,787,042
65$2,979,538$618,632$304,283$1,900,283
66$3,234,455$599,949$265,480$2,024,018
67$3,513,830$578,807$223,834$2,159,334
68$3,820,109$555,037$179,201$2,307,435
69$4,155,987$528,460$131,431$2,469,650
70$4,524,430$498,887$80,366$2,647,448
71$4,928,707$466,118$25,844$2,842,449
72$5,372,418$429,941$0$3,056,446
73$5,859,529$390,132$0$3,293,142
74$6,394,407$346,455$0$3,554,579
75$6,981,865$298,659$0$3,841,800
76$7,627,204$246,482$0$4,157,478
77$8,336,262$189,643$0$4,504,564
78$9,115,473$127,848$0$4,886,317
79$9,971,925$60,786$0$5,306,331
80$10,913,425$0$0$5,768,575
81$11,948,575$0$0$6,283,568
82$13,086,854$0$0$6,884,514
83$14,338,701$0$0$7,545,498
84$15,715,622$0$0$8,272,602
85$17,230,292$0$0$9,072,531
86$18,896,676$0$0$9,952,671
87$20,730,161$0$0$10,921,160
88$22,747,702$0$0$11,986,964
89$24,967,978$0$0$13,159,963
90$27,411,573$0$0$14,451,043
91$30,101,165$0$0$15,872,200
92$33,061,745$0$0$17,436,649
93$36,320,847$0$0$19,158,956
94$39,908,812$0$0$21,055,166
95$43,859,071$0$0$23,142,963
96$48,208,463$0$0$25,441,830
97$52,997,580$0$0$27,973,238
98$58,271,150$0$0$30,760,844
99$64,078,460$0$0$33,830,717
100$70,473,821$0$0$37,211,584