Can I retire at age 45 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$52,603$52,134$51,677$51,231$50,795$49,872
2 years$26,041$25,556$25,086$24,630$24,188$23,261
3 years$17,188$16,701$16,232$15,781$15,346$14,444
4 years$12,763$12,277$11,813$11,369$10,945$10,075
5 years$10,108$9,625$9,167$8,733$8,320$7,485
6 years$8,339$7,860$7,409$6,984$6,583$5,784
7 years$7,076$6,601$6,157$5,742$5,354$4,591
8 years$6,129$5,658$5,221$4,816$4,442$3,714
9 years$5,393$4,926$4,497$4,103$3,741$3,048
10 years$4,804$4,342$3,921$3,536$3,187$2,529
11 years$4,323$3,866$3,452$3,078$2,741$2,117
12 years$3,922$3,470$3,063$2,700$2,375$1,784
13 years$3,583$3,136$2,737$2,383$2,071$1,512
14 years$3,293$2,850$2,459$2,116$1,816$1,288
15 years$3,042$2,604$2,220$1,887$1,599$1,101
16 years$2,822$2,389$2,013$1,689$1,413$944
17 years$2,629$2,200$1,832$1,518$1,253$812
18 years$2,457$2,033$1,672$1,368$1,114$700
19 years$2,303$1,884$1,531$1,236$993$604
20 years$2,165$1,751$1,405$1,120$887$523
21 years$2,040$1,631$1,292$1,016$794$453
22 years$1,927$1,522$1,191$924$711$393
23 years$1,824$1,424$1,100$841$639$341
24 years$1,729$1,334$1,017$767$574$296
25 years$1,642$1,252$942$701$516$258
26 years$1,562$1,177$874$641$465$224
27 years$1,488$1,107$811$586$419$195
28 years$1,420$1,043$754$537$378$170
29 years$1,356$984$702$493$342$148
30 years$1,297$930$654$452$309$129
31 years$1,241$879$609$415$279$113
32 years$1,189$831$569$382$253$98
33 years$1,141$787$531$351$229$86
34 years$1,095$746$496$323$207$75
35 years$1,052$708$464$297$187$65
36 years$1,012$672$434$274$170$57
37 years$974$638$406$252$154$50
38 years$937$606$380$233$140$44
39 years$903$577$356$214$127$38
40 years$871$549$334$198$115$33
41 years$840$522$313$182$104$29
42 years$811$497$294$168$94$25
43 years$783$474$276$155$86$22
44 years$757$452$259$144$78$19
45 years$732$431$243$133$71$17
46 years$708$411$228$122$64$15
47 years$685$392$214$113$58$13
48 years$663$374$201$105$53$11
49 years$642$357$189$97$48$10
50 years$622$341$178$89$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $637,000, adding $2,831 every year, while hoping to spend $29,720 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: 67/28/5 Blend
44$637,000$637,000$637,000$637,000
45$704,894$671,133$661,260$751,503
46$745,172$672,397$651,790$784,015
47$788,561$672,726$641,007$815,675
48$835,349$672,045$628,835$849,477
49$885,849$670,269$615,196$885,626
50$940,407$667,314$600,007$924,347
51$999,403$663,087$583,181$965,889
52$1,063,253$657,489$564,628$1,010,526
53$1,132,415$650,416$544,254$1,058,562
54$1,207,395$641,760$521,960$1,110,332
55$1,288,746$631,403$497,642$1,166,205
56$1,377,078$619,222$471,193$1,226,589
57$1,473,062$605,085$442,500$1,291,937
58$1,577,435$588,855$411,444$1,362,745
59$1,691,008$570,384$377,903$1,439,563
60$1,814,676$549,518$341,747$1,522,999
61$1,949,420$526,091$302,843$1,613,724
62$2,096,321$499,930$261,049$1,712,476
63$2,256,571$470,852$216,219$1,820,074
64$2,431,478$438,660$168,199$1,937,420
65$2,622,485$403,151$116,830$2,065,510
66$2,831,180$364,106$61,945$2,205,443
67$3,059,308$321,296$3,368$2,358,434
68$3,308,796$274,478$0$2,525,822
69$3,581,761$223,394$0$2,712,241
70$3,880,535$167,775$0$2,916,567
71$4,207,687$107,334$0$3,140,431
72$4,566,046$41,768$0$3,385,833
73$4,958,726$0$0$3,654,980
74$5,389,159$0$0$3,959,314
75$5,861,122$0$0$4,307,162
76$6,378,777$0$0$4,688,726
77$6,946,707$0$0$5,107,391
78$7,569,961$0$0$5,566,882
79$8,254,099$0$0$6,071,306
80$9,005,247$0$0$6,625,183
81$9,830,153$0$0$7,233,496
82$10,736,251$0$0$7,901,733
83$11,731,728$0$0$8,635,937
84$12,825,605$0$0$9,442,770
85$14,027,821$0$0$10,329,567
86$15,349,325$0$0$11,304,412
87$16,802,178$0$0$12,376,210
88$18,399,669$0$0$13,554,772
89$20,156,440$0$0$14,850,908
90$22,088,622$0$0$16,276,526
91$24,213,987$0$0$17,844,748
92$26,552,118$0$0$19,570,031
93$29,124,589$0$0$21,468,304
94$31,955,174$0$0$23,557,119
95$35,070,065$0$0$25,855,812
96$38,498,121$0$0$28,385,692
97$42,271,143$0$0$31,170,236
98$46,424,169$0$0$34,235,314
99$50,995,807$0$0$37,609,429
100$56,028,597$0$0$41,323,991