Can I retire at age 45 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$52,107$51,643$51,190$50,748$50,317$48,687
2 years$25,796$25,315$24,850$24,398$23,960$22,333
3 years$17,026$16,544$16,079$15,632$15,201$13,629
4 years$12,642$12,161$11,702$11,262$10,842$9,335
5 years$10,013$9,535$9,081$8,650$8,242$6,805
6 years$8,260$7,786$7,339$6,918$6,521$5,156
7 years$7,009$6,539$6,099$5,687$5,304$4,010
8 years$6,071$5,605$5,172$4,771$4,400$3,177
9 years$5,342$4,880$4,455$4,064$3,705$2,551
10 years$4,759$4,301$3,884$3,503$3,157$2,070
11 years$4,282$3,829$3,419$3,049$2,715$1,693
12 years$3,885$3,437$3,034$2,674$2,353$1,394
13 years$3,549$3,106$2,711$2,361$2,052$1,153
14 years$3,262$2,823$2,436$2,096$1,799$958
15 years$3,013$2,579$2,199$1,869$1,584$799
16 years$2,796$2,366$1,994$1,674$1,400$667
17 years$2,604$2,179$1,814$1,504$1,241$559
18 years$2,434$2,014$1,656$1,355$1,103$469
19 years$2,281$1,866$1,516$1,224$984$395
20 years$2,145$1,734$1,392$1,109$879$332
21 years$2,021$1,615$1,280$1,006$786$280
22 years$1,909$1,508$1,180$915$705$236
23 years$1,806$1,410$1,089$833$633$199
24 years$1,713$1,321$1,007$760$569$168
25 years$1,627$1,240$933$694$512$142
26 years$1,548$1,165$865$635$461$120
27 years$1,474$1,097$804$581$415$102
28 years$1,406$1,034$747$532$375$86
29 years$1,343$975$695$488$339$73
30 years$1,284$921$648$448$306$62
31 years$1,230$870$604$411$277$52
32 years$1,178$824$563$378$250$44
33 years$1,130$780$526$348$226$37
34 years$1,085$739$491$320$205$32
35 years$1,042$701$459$295$186$27
36 years$1,002$666$430$271$168$23
37 years$964$632$402$250$152$19
38 years$929$601$377$230$138$16
39 years$895$571$353$212$125$14
40 years$863$543$331$196$114$12
41 years$832$517$310$181$103$10
42 years$803$493$291$167$94$8
43 years$776$469$273$154$85$7
44 years$750$447$256$142$77$6
45 years$725$427$241$131$70$5
46 years$701$407$226$121$64$4
47 years$678$388$212$112$58$4
48 years$657$371$200$104$52$3
49 years$636$354$188$96$48$3
50 years$616$338$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $631,000, adding $2,562 every year, while hoping to spend $24,566 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: 29/47/24 Blend
44$631,000$631,000$631,000$631,000
45$698,005$664,562$654,781$712,969
46$743,063$670,987$650,578$731,240
47$791,894$676,904$645,411$748,531
48$844,857$682,262$639,222$766,614
49$902,345$687,006$631,949$785,575
50$964,794$691,079$623,529$805,506
51$1,032,681$694,419$613,895$826,515
52$1,106,531$696,962$602,977$848,720
53$1,186,921$698,638$590,701$872,253
54$1,274,488$699,372$576,990$897,261
55$1,369,932$699,088$561,766$923,910
56$1,474,023$697,701$544,943$952,385
57$1,587,609$695,123$526,433$982,891
58$1,711,622$691,261$506,146$1,015,657
59$1,847,089$686,015$483,984$1,050,939
60$1,995,142$679,280$459,848$1,089,021
61$2,157,026$670,944$433,632$1,130,220
62$2,334,111$660,888$405,226$1,174,889
63$2,527,906$648,987$374,517$1,223,419
64$2,740,073$635,108$341,384$1,276,247
65$2,972,442$619,110$305,702$1,333,857
66$3,227,029$600,844$267,341$1,396,787
67$3,506,053$580,152$226,164$1,465,635
68$3,811,957$556,867$182,027$1,541,064
69$4,147,435$530,812$134,784$1,623,811
70$4,515,452$501,800$84,277$1,714,692
71$4,919,273$469,634$30,346$1,814,614
72$5,362,496$434,103$0$1,924,581
73$5,849,084$394,987$0$2,052,675
74$6,383,402$352,053$0$2,201,908
75$6,970,258$305,052$0$2,365,915
76$7,614,949$253,725$0$2,546,260
77$8,323,311$197,794$0$2,744,672
78$9,101,773$136,970$0$2,963,061
79$9,957,416$70,944$0$3,203,539
80$10,898,044$0$0$3,468,438
81$11,932,253$0$0$3,760,650
82$13,069,513$0$0$4,122,437
83$14,320,258$0$0$4,520,439
84$15,695,986$0$0$4,958,330
85$17,209,363$0$0$5,440,154
86$18,874,344$0$0$5,970,371
87$20,706,307$0$0$6,553,892
88$22,722,193$0$0$7,196,131
89$24,940,671$0$0$7,903,052
90$27,382,309$0$0$8,681,224
91$30,069,772$0$0$9,537,891
92$33,028,031$0$0$10,481,030
93$36,284,604$0$0$11,519,432
94$39,869,811$0$0$12,662,786
95$43,817,059$0$0$13,921,765
96$48,163,164$0$0$15,308,132
97$52,948,690$0$0$16,834,849
98$58,218,335$0$0$18,516,198
99$64,021,354$0$0$20,367,916
100$70,412,020$0$0$22,407,347