Can I retire at age 45 with 632,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$52,190$51,725$51,272$50,829$50,397$49,379
2 years$25,837$25,355$24,889$24,437$23,998$22,978
3 years$17,053$16,570$16,105$15,657$15,226$14,234
4 years$12,663$12,181$11,720$11,280$10,859$9,903
5 years$10,029$9,550$9,095$8,664$8,255$7,338
6 years$8,273$7,798$7,350$6,929$6,532$5,655
7 years$7,020$6,549$6,108$5,697$5,312$4,476
8 years$6,081$5,614$5,180$4,779$4,407$3,610
9 years$5,350$4,888$4,462$4,070$3,711$2,954
10 years$4,766$4,308$3,890$3,509$3,162$2,444
11 years$4,289$3,835$3,425$3,054$2,720$2,039
12 years$3,891$3,442$3,039$2,678$2,357$1,713
13 years$3,555$3,111$2,715$2,365$2,055$1,447
14 years$3,267$2,828$2,440$2,099$1,801$1,228
15 years$3,018$2,583$2,203$1,872$1,586$1,046
16 years$2,800$2,370$1,997$1,676$1,402$894
17 years$2,608$2,183$1,817$1,506$1,243$766
18 years$2,437$2,017$1,659$1,357$1,105$658
19 years$2,285$1,869$1,519$1,226$985$566
20 years$2,148$1,737$1,394$1,111$880$488
21 years$2,024$1,618$1,282$1,008$787$421
22 years$1,912$1,510$1,182$917$706$364
23 years$1,809$1,413$1,091$835$634$314
24 years$1,716$1,323$1,009$761$569$272
25 years$1,629$1,242$935$695$512$236
26 years$1,550$1,167$867$636$462$204
27 years$1,477$1,099$805$582$416$177
28 years$1,409$1,035$748$533$376$154
29 years$1,345$977$696$489$339$133
30 years$1,286$922$649$449$306$116
31 years$1,231$872$605$412$277$101
32 years$1,180$825$564$379$251$87
33 years$1,132$781$527$348$227$76
34 years$1,087$740$492$320$205$66
35 years$1,044$702$460$295$186$57
36 years$1,004$667$430$272$168$50
37 years$966$633$403$250$153$43
38 years$930$602$377$231$138$38
39 years$896$572$353$213$126$33
40 years$864$544$331$196$114$29
41 years$834$518$311$181$103$25
42 years$805$493$291$167$94$22
43 years$777$470$273$154$85$19
44 years$751$448$257$142$77$16
45 years$726$427$241$132$70$14
46 years$702$408$226$121$64$12
47 years$679$389$213$112$58$11
48 years$658$371$200$104$52$9
49 years$637$355$188$96$48$8
50 years$617$339$177$89$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $632,000, adding $4,296 every year, while hoping to spend $21,009 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: 31/41/28 Blend
44$632,000$632,000$632,000$632,000
45$700,895$667,399$657,603$716,508
46$750,033$677,748$657,280$739,288
47$803,479$687,901$656,241$761,655
48$861,650$697,824$654,441$785,319
49$925,005$707,484$651,832$810,408
50$994,050$716,845$648,362$837,064
51$1,069,340$725,868$643,980$865,446
52$1,151,488$734,510$638,628$895,727
53$1,241,166$742,727$632,248$928,103
54$1,339,117$750,473$624,780$962,789
55$1,446,156$757,695$616,160$1,000,023
56$1,563,182$764,341$606,320$1,040,069
57$1,691,185$770,352$595,190$1,083,220
58$1,831,254$775,667$582,697$1,129,802
59$1,984,588$780,221$568,763$1,180,173
60$2,152,509$783,945$553,309$1,234,732
61$2,336,471$786,763$536,251$1,293,919
62$2,538,075$788,599$517,500$1,358,223
63$2,759,086$789,368$496,964$1,428,183
64$3,001,448$788,982$474,547$1,504,399
65$3,267,300$787,346$450,148$1,587,530
66$3,558,999$784,361$423,663$1,678,310
67$3,879,143$779,921$394,981$1,777,548
68$4,230,590$773,912$363,988$1,886,139
69$4,616,493$766,216$330,564$2,005,073
70$5,040,320$756,705$294,583$2,135,446
71$5,505,895$745,247$255,914$2,278,469
72$6,017,431$731,698$214,421$2,435,478
73$6,579,565$715,908$169,961$2,607,954
74$7,197,411$697,717$122,385$2,797,531
75$7,876,599$676,957$71,537$3,006,014
76$8,623,333$653,449$17,255$3,235,401
77$9,444,449$627,004$0$3,487,895
78$10,347,477$597,422$0$3,778,083
79$11,340,714$564,490$0$4,102,795
80$12,433,302$527,985$0$4,459,898
81$13,635,313$487,670$0$4,852,728
82$14,957,844$443,295$0$5,284,970
83$16,413,123$394,595$0$5,760,686
84$18,014,621$341,290$0$6,284,357
85$19,777,185$283,085$0$6,860,929
86$21,717,169$219,668$0$7,495,852
87$23,852,598$150,709$0$8,195,143
88$26,203,329$75,860$0$8,965,435
89$28,791,244$0$0$9,814,043
90$31,640,454$0$0$10,751,406
91$34,777,528$0$0$11,821,279
92$38,231,741$0$0$12,999,435
93$42,035,350$0$0$14,296,893
94$46,223,903$0$0$15,725,795
95$50,836,568$0$0$17,299,520
96$55,916,507$0$0$19,032,809
97$61,511,279$0$0$20,941,910
98$67,673,294$0$0$23,044,723
99$74,460,302$0$0$25,360,975
100$81,935,941$0$0$27,912,404