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%12.2%
1 years$52,355$51,889$51,434$50,990$50,556$50,091
2 years$25,918$25,436$24,968$24,514$24,074$23,605
3 years$17,107$16,622$16,156$15,707$15,274$14,816
4 years$12,703$12,219$11,757$11,316$10,893$10,450
5 years$10,060$9,580$9,124$8,692$8,281$7,853
6 years$8,300$7,823$7,374$6,951$6,552$6,141
7 years$7,042$6,570$6,128$5,715$5,329$4,934
8 years$6,100$5,631$5,197$4,794$4,421$4,043
9 years$5,367$4,903$4,476$4,083$3,723$3,361
10 years$4,781$4,322$3,902$3,520$3,172$2,827
11 years$4,302$3,848$3,435$3,063$2,728$2,399
12 years$3,904$3,453$3,049$2,687$2,364$2,050
13 years$3,566$3,121$2,724$2,372$2,062$1,763
14 years$3,278$2,837$2,447$2,106$1,807$1,524
15 years$3,027$2,591$2,210$1,878$1,591$1,322
16 years$2,809$2,378$2,003$1,681$1,406$1,151
17 years$2,616$2,190$1,823$1,511$1,247$1,006
18 years$2,445$2,023$1,664$1,362$1,109$880
19 years$2,292$1,875$1,524$1,230$988$773
20 years$2,155$1,743$1,398$1,114$883$679
21 years$2,031$1,623$1,286$1,011$790$598
22 years$1,918$1,515$1,185$919$708$528
23 years$1,815$1,417$1,094$837$636$466
24 years$1,721$1,328$1,012$764$571$412
25 years$1,635$1,246$937$697$514$364
26 years$1,555$1,171$869$638$463$323
27 years$1,481$1,102$807$584$417$286
28 years$1,413$1,038$751$535$377$253
29 years$1,350$980$698$490$340$225
30 years$1,291$925$651$450$307$200
31 years$1,235$875$607$413$278$177
32 years$1,184$828$566$380$251$158
33 years$1,135$784$528$349$227$140
34 years$1,090$743$494$321$206$124
35 years$1,047$705$462$296$187$111
36 years$1,007$669$432$273$169$98
37 years$969$635$404$251$153$88
38 years$933$604$378$231$139$78
39 years$899$574$355$213$126$69
40 years$867$546$332$197$114$62
41 years$836$520$312$182$104$55
42 years$807$495$292$168$94$49
43 years$780$472$274$155$85$44
44 years$753$450$257$143$77$39
45 years$728$429$242$132$70$35
46 years$704$409$227$122$64$31
47 years$682$390$213$113$58$27
48 years$660$373$200$104$53$24
49 years$639$356$188$96$48$22
50 years$619$340$177$89$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $634,000, adding $2,600 every year, while hoping to spend $38,311 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: 39/36/25 Blend
44$634,000$634,000$634,000$634,000
45$701,350$667,748$657,921$723,408
46$732,125$659,705$639,199$731,619
47$764,755$649,984$618,565$736,725
48$799,389$638,462$595,916$741,494
49$836,189$625,009$571,142$745,918
50$875,334$609,488$544,129$749,994
51$917,018$591,753$514,757$753,718
52$961,455$571,649$482,902$757,092
53$1,008,877$549,014$448,433$760,121
54$1,059,541$523,674$411,214$762,814
55$1,113,727$495,447$371,102$765,187
56$1,171,742$464,139$327,950$767,260
57$1,233,924$429,547$281,600$769,061
58$1,300,643$391,453$231,892$770,625
59$1,372,304$349,630$178,656$771,997
60$1,449,353$303,835$121,715$773,232
61$1,532,279$253,815$60,884$774,395
62$1,621,618$199,299$0$775,567
63$1,717,961$140,003$0$777,916
64$1,821,956$75,625$0$797,881
65$1,934,314$5,850$0$819,388
66$2,055,818$0$0$842,646
67$2,187,328$0$0$895,488
68$2,329,789$0$0$955,310
69$2,484,241$0$0$1,020,242
70$2,651,826$0$0$1,090,773
71$2,833,802$0$0$1,167,441
72$3,031,552$0$0$1,250,840
73$3,246,596$0$0$1,341,622
74$3,480,608$0$0$1,440,504
75$3,735,430$0$0$1,548,277
76$4,013,087$0$0$1,665,808
77$4,315,809$0$0$1,794,056
78$4,646,051$0$0$1,934,072
79$5,006,514$0$0$2,087,017
80$5,400,170$0$0$2,254,165
81$5,830,293$0$0$2,436,921
82$6,300,488$0$0$2,636,834
83$6,814,720$0$0$2,855,604
84$7,377,359$0$0$3,095,109
85$7,993,215$0$0$3,357,412
86$8,667,583$0$0$3,644,788
87$9,406,298$0$0$3,959,741
88$10,215,783$0$0$4,305,030
89$11,103,111$0$0$4,683,692
90$12,076,074$0$0$5,099,074
91$13,143,253$0$0$5,554,861
92$14,314,101$0$0$6,055,111
93$15,599,027$0$0$6,604,298
94$17,009,500$0$0$7,207,345
95$18,558,151$0$0$7,869,680
96$20,258,896$0$0$8,597,279
97$22,127,062$0$0$9,396,728
98$24,179,537$0$0$10,275,280
99$26,434,924$0$0$11,240,927
100$28,913,715$0$0$12,302,473