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%19.6%
1 years$52,603$52,134$51,677$51,231$50,795$48,838
2 years$26,041$25,556$25,086$24,630$24,188$22,239
3 years$17,188$16,701$16,232$15,781$15,346$13,467
4 years$12,763$12,277$11,813$11,369$10,945$9,150
5 years$10,108$9,625$9,167$8,733$8,320$6,615
6 years$8,339$7,860$7,409$6,984$6,583$4,968
7 years$7,076$6,601$6,157$5,742$5,354$3,828
8 years$6,129$5,658$5,221$4,816$4,442$3,004
9 years$5,393$4,926$4,497$4,103$3,741$2,389
10 years$4,804$4,342$3,921$3,536$3,187$1,919
11 years$4,323$3,866$3,452$3,078$2,741$1,553
12 years$3,922$3,470$3,063$2,700$2,375$1,265
13 years$3,583$3,136$2,737$2,383$2,071$1,035
14 years$3,293$2,850$2,459$2,116$1,816$851
15 years$3,042$2,604$2,220$1,887$1,599$701
16 years$2,822$2,389$2,013$1,689$1,413$579
17 years$2,629$2,200$1,832$1,518$1,253$480
18 years$2,457$2,033$1,672$1,368$1,114$398
19 years$2,303$1,884$1,531$1,236$993$330
20 years$2,165$1,751$1,405$1,120$887$275
21 years$2,040$1,631$1,292$1,016$794$229
22 years$1,927$1,522$1,191$924$711$190
23 years$1,824$1,424$1,100$841$639$159
24 years$1,729$1,334$1,017$767$574$132
25 years$1,642$1,252$942$701$516$110
26 years$1,562$1,177$874$641$465$92
27 years$1,488$1,107$811$586$419$77
28 years$1,420$1,043$754$537$378$64
29 years$1,356$984$702$493$342$54
30 years$1,297$930$654$452$309$45
31 years$1,241$879$609$415$279$37
32 years$1,189$831$569$382$253$31
33 years$1,141$787$531$351$229$26
34 years$1,095$746$496$323$207$22
35 years$1,052$708$464$297$187$18
36 years$1,012$672$434$274$170$15
37 years$974$638$406$252$154$13
38 years$937$606$380$233$140$11
39 years$903$577$356$214$127$9
40 years$871$549$334$198$115$7
41 years$840$522$313$182$104$6
42 years$811$497$294$168$94$5
43 years$783$474$276$155$86$4
44 years$757$452$259$144$78$4
45 years$732$431$243$133$71$3
46 years$708$411$228$122$64$3
47 years$685$392$214$113$58$2
48 years$663$374$201$105$53$2
49 years$642$357$189$97$48$1
50 years$622$341$178$89$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $637,000, adding $6,043 every year, while hoping to spend $47,868 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: 37/38/25 Blend
44$637,000$637,000$637,000$637,000
45$708,207$674,446$664,573$728,918
46$729,513$656,563$635,905$726,770
47$751,388$636,199$604,672$719,606
48$773,839$613,182$570,738$710,925
49$796,874$587,331$533,961$700,620
50$820,497$558,452$494,190$688,578
51$844,713$526,342$451,271$674,681
52$869,526$490,785$405,041$658,801
53$894,937$451,553$355,330$640,804
54$920,947$408,406$301,959$620,550
55$947,554$361,088$244,745$597,887
56$974,754$309,330$183,494$572,657
57$1,002,540$252,849$118,002$544,693
58$1,030,905$191,344$48,061$513,816
59$1,059,834$124,497$0$479,838
60$1,089,314$51,974$0$449,650
61$1,119,324$0$0$430,094
62$1,149,840$0$0$419,290
63$1,180,833$0$0$430,367
64$1,212,270$0$0$441,575
65$1,244,110$0$0$452,897
66$1,276,305$0$0$464,311
67$1,308,801$0$0$475,794
68$1,341,534$0$0$487,318
69$1,374,432$0$0$498,852
70$1,407,412$0$0$510,360
71$1,440,378$0$0$521,802
72$1,473,223$0$0$533,131
73$1,505,826$0$0$544,296
74$1,538,047$0$0$555,239
75$1,569,731$0$0$565,893
76$1,600,704$0$0$576,187
77$1,630,768$0$0$586,036
78$1,659,702$0$0$595,348
79$1,687,260$0$0$604,021
80$1,713,163$0$0$611,939
81$1,737,104$0$0$618,973
82$1,758,736$0$0$624,980
83$1,777,675$0$0$629,800
84$1,793,492$0$0$633,256
85$1,805,708$0$0$635,149
86$1,813,793$0$0$635,261
87$1,817,156$0$0$633,346
88$1,815,139$0$0$629,135
89$1,807,015$0$0$622,327
90$1,791,974$0$0$612,589
91$1,769,120$0$0$599,551
92$1,737,456$0$0$582,804
93$1,695,882$0$0$561,895
94$1,643,175$0$0$536,322
95$1,577,982$0$0$505,530
96$1,498,807$0$0$468,904
97$1,403,992$0$0$425,765
98$1,291,703$0$0$375,359
99$1,159,913$0$0$316,856
100$1,006,378$0$0$249,337