Can I retire at age 45 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$52,190$51,725$51,272$50,829$50,397$49,460
2 years$25,837$25,355$24,889$24,437$23,998$23,058
3 years$17,053$16,570$16,105$15,657$15,226$14,311
4 years$12,663$12,181$11,720$11,280$10,859$9,978
5 years$10,029$9,550$9,095$8,664$8,255$7,409
6 years$8,273$7,798$7,350$6,929$6,532$5,722
7 years$7,020$6,549$6,108$5,697$5,312$4,539
8 years$6,081$5,614$5,180$4,779$4,407$3,670
9 years$5,350$4,888$4,462$4,070$3,711$3,010
10 years$4,766$4,308$3,890$3,509$3,162$2,496
11 years$4,289$3,835$3,425$3,054$2,720$2,088
12 years$3,891$3,442$3,039$2,678$2,357$1,759
13 years$3,555$3,111$2,715$2,365$2,055$1,490
14 years$3,267$2,828$2,440$2,099$1,801$1,268
15 years$3,018$2,583$2,203$1,872$1,586$1,083
16 years$2,800$2,370$1,997$1,676$1,402$928
17 years$2,608$2,183$1,817$1,506$1,243$797
18 years$2,437$2,017$1,659$1,357$1,105$687
19 years$2,285$1,869$1,519$1,226$985$593
20 years$2,148$1,737$1,394$1,111$880$512
21 years$2,024$1,618$1,282$1,008$787$443
22 years$1,912$1,510$1,182$917$706$384
23 years$1,809$1,413$1,091$835$634$333
24 years$1,716$1,323$1,009$761$569$289
25 years$1,629$1,242$935$695$512$251
26 years$1,550$1,167$867$636$462$219
27 years$1,477$1,099$805$582$416$190
28 years$1,409$1,035$748$533$376$166
29 years$1,345$977$696$489$339$144
30 years$1,286$922$649$449$306$126
31 years$1,231$872$605$412$277$109
32 years$1,180$825$564$379$251$95
33 years$1,132$781$527$348$227$83
34 years$1,087$740$492$320$205$73
35 years$1,044$702$460$295$186$63
36 years$1,004$667$430$272$168$55
37 years$966$633$403$250$153$48
38 years$930$602$377$231$138$42
39 years$896$572$353$213$126$37
40 years$864$544$331$196$114$32
41 years$834$518$311$181$103$28
42 years$805$493$291$167$94$24
43 years$777$470$273$154$85$21
44 years$751$448$257$142$77$19
45 years$726$427$241$132$70$16
46 years$702$408$226$121$64$14
47 years$679$389$213$112$58$12
48 years$658$371$200$104$52$11
49 years$637$355$188$96$48$9
50 years$617$339$177$89$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $632,000, adding $5,870 every year, while hoping to spend $36,351 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: 49/22/29 Blend
44$632,000$632,000$632,000$632,000
45$702,519$669,023$659,227$730,897
46$735,499$663,128$642,634$745,524
47$770,624$655,726$624,267$757,364
48$808,075$646,704$604,027$769,527
49$848,051$635,944$581,814$782,063
50$890,766$623,320$557,519$795,028
51$936,459$608,697$531,031$808,485
52$985,391$591,936$502,233$822,508
53$1,037,845$572,886$471,002$837,179
54$1,094,137$551,388$437,212$852,594
55$1,154,608$527,276$400,728$868,858
56$1,219,638$500,372$361,412$886,093
57$1,289,639$470,488$319,117$904,436
58$1,365,066$437,426$273,692$924,042
59$1,446,419$400,976$224,977$945,083
60$1,534,247$360,917$172,807$967,756
61$1,629,153$317,014$117,008$992,280
62$1,731,798$269,020$57,400$1,018,902
63$1,842,913$216,674$0$1,047,898
64$1,963,297$159,698$0$1,081,501
65$2,093,832$97,801$0$1,137,215
66$2,235,484$30,675$0$1,197,709
67$2,389,320$0$0$1,263,485
68$2,556,510$0$0$1,345,263
69$2,738,343$0$0$1,442,341
70$2,936,237$0$0$1,548,056
71$3,151,751$0$0$1,663,249
72$3,386,602$0$0$1,788,847
73$3,642,680$0$0$1,925,869
74$3,922,062$0$0$2,075,435
75$4,227,038$0$0$2,238,780
76$4,560,127$0$0$2,417,264
77$4,924,102$0$0$2,612,382
78$5,322,016$0$0$2,825,782
79$5,757,230$0$0$3,059,276
80$6,233,446$0$0$3,314,864
81$6,754,738$0$0$3,594,742
82$7,325,595$0$0$3,901,334
83$7,950,958$0$0$4,237,306
84$8,636,270$0$0$4,605,595
85$9,387,525$0$0$5,009,436
86$10,211,324$0$0$5,452,393
87$11,114,938$0$0$5,938,389
88$12,106,375$0$0$6,471,746
89$13,194,457$0$0$7,057,227
90$14,388,901$0$0$7,700,076
91$15,700,409$0$0$8,406,070
92$17,140,771$0$0$9,181,574
93$18,722,976$0$0$10,033,599
94$20,461,333$0$0$10,969,869
95$22,371,603$0$0$11,998,893
96$24,471,152$0$0$13,130,046
97$26,779,111$0$0$14,373,655
98$29,316,557$0$0$15,741,099
99$32,106,710$0$0$17,244,915
100$35,175,155$0$0$18,898,914