Can I retire at age 45 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$52,355$51,889$51,434$50,990$50,556$48,569
2 years$25,918$25,436$24,968$24,514$24,074$22,097
3 years$17,107$16,622$16,156$15,707$15,274$13,368
4 years$12,703$12,219$11,757$11,316$10,893$9,074
5 years$10,060$9,580$9,124$8,692$8,281$6,552
6 years$8,300$7,823$7,374$6,951$6,552$4,916
7 years$7,042$6,570$6,128$5,715$5,329$3,784
8 years$6,100$5,631$5,197$4,794$4,421$2,966
9 years$5,367$4,903$4,476$4,083$3,723$2,355
10 years$4,781$4,322$3,902$3,520$3,172$1,890
11 years$4,302$3,848$3,435$3,063$2,728$1,528
12 years$3,904$3,453$3,049$2,687$2,364$1,243
13 years$3,566$3,121$2,724$2,372$2,062$1,016
14 years$3,278$2,837$2,447$2,106$1,807$833
15 years$3,027$2,591$2,210$1,878$1,591$686
16 years$2,809$2,378$2,003$1,681$1,406$566
17 years$2,616$2,190$1,823$1,511$1,247$468
18 years$2,445$2,023$1,664$1,362$1,109$387
19 years$2,292$1,875$1,524$1,230$988$321
20 years$2,155$1,743$1,398$1,114$883$267
21 years$2,031$1,623$1,286$1,011$790$221
22 years$1,918$1,515$1,185$919$708$184
23 years$1,815$1,417$1,094$837$636$153
24 years$1,721$1,328$1,012$764$571$128
25 years$1,635$1,246$937$697$514$106
26 years$1,555$1,171$869$638$463$89
27 years$1,481$1,102$807$584$417$74
28 years$1,413$1,038$751$535$377$62
29 years$1,350$980$698$490$340$51
30 years$1,291$925$651$450$307$43
31 years$1,235$875$607$413$278$36
32 years$1,184$828$566$380$251$30
33 years$1,135$784$528$349$227$25
34 years$1,090$743$494$321$206$21
35 years$1,047$705$462$296$187$17
36 years$1,007$669$432$273$169$14
37 years$969$635$404$251$153$12
38 years$933$604$378$231$139$10
39 years$899$574$355$213$126$8
40 years$867$546$332$197$114$7
41 years$836$520$312$182$104$6
42 years$807$495$292$168$94$5
43 years$780$472$274$155$85$4
44 years$753$450$257$143$77$3
45 years$728$429$242$132$70$3
46 years$704$409$227$122$64$2
47 years$682$390$213$113$58$2
48 years$660$373$200$104$53$2
49 years$639$356$188$96$48$1
50 years$619$340$177$89$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $634,000, adding $5,833 every year, while hoping to spend $48,773 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: 65/29/6 Blend
44$634,000$634,000$634,000$634,000
45$704,685$671,083$661,256$749,424
46$724,668$652,072$631,514$760,889
47$745,056$630,494$599,141$767,056
48$765,837$606,174$563,997$772,503
49$786,998$578,922$525,937$777,154
50$808,523$548,541$484,807$780,928
51$830,394$514,821$440,450$783,738
52$852,587$477,539$392,697$785,489
53$875,074$436,462$341,376$786,081
54$897,823$391,341$286,304$785,403
55$920,799$341,914$227,293$783,337
56$943,957$287,904$164,143$779,757
57$967,248$229,019$96,649$774,526
58$990,615$164,949$24,595$767,495
59$1,013,994$95,368$0$758,505
60$1,037,311$19,930$0$750,732
61$1,060,483$0$0$742,541
62$1,083,416$0$0$751,869
63$1,106,003$0$0$767,287
64$1,128,124$0$0$782,346
65$1,149,645$0$0$796,951
66$1,170,415$0$0$810,992
67$1,190,263$0$0$824,347
68$1,209,000$0$0$836,880
69$1,226,415$0$0$848,436
70$1,242,270$0$0$858,846
71$1,256,301$0$0$867,921
72$1,268,213$0$0$875,447
73$1,277,680$0$0$881,189
74$1,284,336$0$0$884,885
75$1,287,774$0$0$886,243
76$1,287,546$0$0$884,939
77$1,283,149$0$0$880,614
78$1,274,029$0$0$872,868
79$1,259,568$0$0$861,259
80$1,239,083$0$0$845,295
81$1,211,817$0$0$824,433
82$1,176,929$0$0$798,070
83$1,133,490$0$0$765,538
84$1,080,471$0$0$726,099
85$1,016,731$0$0$678,936
86$941,011$0$0$623,143
87$851,915$0$0$557,720
88$747,902$0$0$481,561
89$627,266$0$0$393,444
90$488,122$0$0$292,015
91$328,386$0$0$175,781
92$145,758$0$0$43,092
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0