Can I retire at age 45 with 638,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$52,685$52,216$51,758$51,311$50,875$49,050
2 years$26,082$25,596$25,125$24,669$24,226$22,408
3 years$17,215$16,727$16,258$15,806$15,370$13,615
4 years$12,783$12,296$11,832$11,387$10,962$9,283
5 years$10,124$9,641$9,182$8,746$8,333$6,736
6 years$8,352$7,872$7,420$6,995$6,594$5,078
7 years$7,087$6,611$6,166$5,751$5,363$3,929
8 years$6,138$5,667$5,229$4,824$4,449$3,096
9 years$5,401$4,934$4,504$4,109$3,746$2,473
10 years$4,812$4,349$3,927$3,542$3,192$1,995
11 years$4,330$3,872$3,457$3,083$2,745$1,622
12 years$3,928$3,475$3,068$2,704$2,379$1,328
13 years$3,589$3,140$2,741$2,387$2,075$1,092
14 years$3,298$2,855$2,463$2,119$1,819$901
15 years$3,047$2,608$2,224$1,890$1,601$746
16 years$2,827$2,393$2,016$1,692$1,415$620
17 years$2,633$2,203$1,835$1,520$1,255$516
18 years$2,461$2,036$1,675$1,370$1,116$430
19 years$2,307$1,887$1,533$1,238$994$359
20 years$2,168$1,754$1,407$1,121$888$300
21 years$2,043$1,633$1,294$1,018$795$251
22 years$1,930$1,525$1,193$925$713$210
23 years$1,827$1,426$1,101$843$640$176
24 years$1,732$1,336$1,019$769$575$148
25 years$1,645$1,254$943$702$517$124
26 years$1,565$1,178$875$642$466$104
27 years$1,491$1,109$812$587$420$87
28 years$1,422$1,045$755$538$379$73
29 years$1,358$986$703$494$342$62
30 years$1,299$931$655$453$309$52
31 years$1,243$880$610$416$280$44
32 years$1,191$833$569$382$253$37
33 years$1,143$789$532$352$229$31
34 years$1,097$747$497$323$207$26
35 years$1,054$709$464$298$188$22
36 years$1,013$673$435$274$170$18
37 years$975$639$407$253$154$15
38 years$939$607$381$233$140$13
39 years$905$578$357$215$127$11
40 years$872$549$334$198$115$9
41 years$841$523$314$183$104$8
42 years$812$498$294$169$95$6
43 years$784$475$276$156$86$5
44 years$758$452$259$144$78$5
45 years$733$431$243$133$71$4
46 years$709$412$229$123$64$3
47 years$686$393$215$113$58$3
48 years$664$375$202$105$53$2
49 years$643$358$190$97$48$2
50 years$623$342$178$89$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $638,000, adding $4,002 every year, while hoping to spend $35,432 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: 47/23/30 Blend
44$638,000$638,000$638,000$638,000
45$707,204$673,390$663,501$734,191
46$741,640$668,687$648,029$748,991
47$778,400$662,566$630,851$761,310
48$817,685$654,919$611,873$774,013
49$859,713$645,635$590,995$787,156
50$904,725$634,593$568,115$800,801
51$952,984$621,665$543,124$815,022
52$1,004,779$606,716$515,908$829,900
53$1,060,426$589,605$486,351$845,528
54$1,120,274$570,180$454,328$862,013
55$1,184,704$548,281$419,711$879,473
56$1,254,137$523,740$382,363$898,042
57$1,329,032$496,376$342,146$917,874
58$1,409,896$466,001$298,910$939,139
59$1,497,285$432,415$252,504$962,029
60$1,591,811$395,406$202,765$986,760
61$1,694,145$354,751$149,527$1,013,575
62$1,805,026$310,212$92,615$1,042,744
63$1,925,266$261,540$31,845$1,074,572
64$2,055,760$208,471$0$1,109,398
65$2,197,488$150,727$0$1,158,169
66$2,351,531$88,013$0$1,222,307
67$2,519,079$20,017$0$1,292,150
68$2,701,439$0$0$1,368,295
69$2,900,051$0$0$1,464,965
70$3,116,497$0$0$1,575,903
71$3,352,521$0$0$1,696,944
72$3,610,041$0$0$1,829,081
73$3,891,168$0$0$1,973,405
74$4,198,226$0$0$2,131,121
75$4,533,775$0$0$2,303,550
76$4,900,630$0$0$2,492,152
77$5,301,893$0$0$2,698,531
78$5,740,980$0$0$2,924,454
79$6,221,649$0$0$3,171,868
80$6,748,042$0$0$3,442,915
81$7,324,719$0$0$3,739,955
82$7,956,700$0$0$4,065,589
83$8,649,517$0$0$4,422,678
84$9,409,259$0$0$4,814,375
85$10,242,636$0$0$5,244,155
86$11,157,038$0$0$5,715,841
87$12,160,602$0$0$6,233,647
88$13,262,294$0$0$6,802,216
89$14,471,990$0$0$7,426,660
90$15,800,569$0$0$8,112,612
91$17,260,015$0$0$8,866,277
92$18,863,530$0$0$9,694,490
93$20,625,657$0$0$10,604,782
94$22,562,420$0$0$11,605,450
95$24,691,471$0$0$12,705,634
96$27,032,256$0$0$13,915,403
97$29,606,203$0$0$15,245,855
98$32,436,918$0$0$16,709,211
99$35,550,407$0$0$18,318,940
100$38,975,328$0$0$20,089,881