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%12.4%
1 years$52,355$51,889$51,434$50,990$50,556$50,049
2 years$25,918$25,436$24,968$24,514$24,074$23,564
3 years$17,107$16,622$16,156$15,707$15,274$14,775
4 years$12,703$12,219$11,757$11,316$10,893$10,411
5 years$10,060$9,580$9,124$8,692$8,281$7,816
6 years$8,300$7,823$7,374$6,951$6,552$6,105
7 years$7,042$6,570$6,128$5,715$5,329$4,900
8 years$6,100$5,631$5,197$4,794$4,421$4,010
9 years$5,367$4,903$4,476$4,083$3,723$3,330
10 years$4,781$4,322$3,902$3,520$3,172$2,797
11 years$4,302$3,848$3,435$3,063$2,728$2,371
12 years$3,904$3,453$3,049$2,687$2,364$2,024
13 years$3,566$3,121$2,724$2,372$2,062$1,738
14 years$3,278$2,837$2,447$2,106$1,807$1,500
15 years$3,027$2,591$2,210$1,878$1,591$1,300
16 years$2,809$2,378$2,003$1,681$1,406$1,130
17 years$2,616$2,190$1,823$1,511$1,247$986
18 years$2,445$2,023$1,664$1,362$1,109$862
19 years$2,292$1,875$1,524$1,230$988$755
20 years$2,155$1,743$1,398$1,114$883$663
21 years$2,031$1,623$1,286$1,011$790$583
22 years$1,918$1,515$1,185$919$708$513
23 years$1,815$1,417$1,094$837$636$453
24 years$1,721$1,328$1,012$764$571$400
25 years$1,635$1,246$937$697$514$353
26 years$1,555$1,171$869$638$463$312
27 years$1,481$1,102$807$584$417$276
28 years$1,413$1,038$751$535$377$244
29 years$1,350$980$698$490$340$217
30 years$1,291$925$651$450$307$192
31 years$1,235$875$607$413$278$170
32 years$1,184$828$566$380$251$151
33 years$1,135$784$528$349$227$134
34 years$1,090$743$494$321$206$119
35 years$1,047$705$462$296$187$106
36 years$1,007$669$432$273$169$94
37 years$969$635$404$251$153$83
38 years$933$604$378$231$139$74
39 years$899$574$355$213$126$66
40 years$867$546$332$197$114$58
41 years$836$520$312$182$104$52
42 years$807$495$292$168$94$46
43 years$780$472$274$155$85$41
44 years$753$450$257$143$77$36
45 years$728$429$242$132$70$32
46 years$704$409$227$122$64$29
47 years$682$390$213$113$58$26
48 years$660$373$200$104$53$23
49 years$639$356$188$96$48$20
50 years$619$340$177$89$43$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $634,000, adding $6,195 every year, while hoping to spend $22,764 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: 41/29/30 Blend
44$634,000$634,000$634,000$634,000
45$705,058$671,456$661,629$727,539
46$752,753$680,137$659,573$753,115
47$804,551$688,480$656,685$778,211
48$860,844$696,445$652,913$804,951
49$922,068$703,988$648,203$833,501
50$988,699$711,064$642,499$864,045
51$1,061,263$717,622$635,739$896,787
52$1,140,337$723,611$627,862$931,953
53$1,226,558$728,975$618,801$969,793
54$1,320,625$733,653$608,490$1,010,583
55$1,423,310$737,583$596,855$1,054,631
56$1,535,460$740,697$583,822$1,102,275
57$1,658,009$742,923$569,312$1,153,892
58$1,791,984$744,185$553,243$1,209,898
59$1,938,518$744,402$535,528$1,270,751
60$2,098,857$743,487$516,078$1,336,963
61$2,274,373$741,350$494,799$1,409,094
62$2,466,576$737,894$471,592$1,487,769
63$2,677,131$733,014$446,354$1,573,675
64$2,907,870$726,604$418,979$1,667,575
65$3,160,810$718,545$389,352$1,770,310
66$3,438,176$708,717$357,359$1,882,810
67$3,742,414$696,988$322,874$2,006,105
68$4,076,221$683,221$285,771$2,141,331
69$4,442,567$667,270$245,916$2,289,743
70$4,844,723$648,981$203,168$2,452,731
71$5,286,293$628,189$157,383$2,631,826
72$5,771,246$604,722$108,407$2,828,723
73$6,303,956$578,396$56,081$3,045,293
74$6,889,239$549,018$240$3,283,601
75$7,532,404$516,381$0$3,545,930
76$8,239,296$480,271$0$3,853,799
77$9,016,356$440,456$0$4,192,306
78$9,870,680$396,695$0$4,564,507
79$10,810,088$348,731$0$4,973,857
80$11,843,192$296,294$0$5,424,164
81$12,979,482$239,097$0$5,919,629
82$14,229,416$176,839$0$6,464,883
83$15,604,512$109,200$0$7,065,034
84$17,117,464$35,843$0$7,725,714
85$18,782,258$0$0$8,453,133
86$20,614,304$0$0$9,268,048
87$22,630,581$0$0$10,177,596
88$24,849,797$0$0$11,178,790
89$27,292,565$0$0$12,280,944
90$29,981,602$0$0$13,494,317
91$32,941,933$0$0$14,830,217
92$36,201,138$0$0$16,301,102
93$39,789,605$0$0$17,920,701
94$43,740,817$0$0$19,704,141
95$48,091,672$0$0$21,668,091
96$52,882,827$0$0$23,830,919
97$58,159,083$0$0$26,212,865
98$63,969,807$0$0$28,836,232
99$70,369,396$0$0$31,725,597
100$77,417,797$0$0$34,908,041