Can I retire at age 45 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$52,768$52,298$51,839$51,392$50,955$50,591
2 years$26,123$25,636$25,165$24,708$24,264$23,898
3 years$17,242$16,754$16,283$15,830$15,394$15,036
4 years$12,803$12,316$11,850$11,405$10,979$10,632
5 years$10,140$9,656$9,196$8,760$8,346$8,011
6 years$8,365$7,885$7,432$7,005$6,604$6,282
7 years$7,098$6,621$6,176$5,760$5,371$5,061
8 years$6,148$5,676$5,238$4,832$4,456$4,158
9 years$5,410$4,942$4,511$4,115$3,752$3,468
10 years$4,819$4,356$3,933$3,548$3,197$2,925
11 years$4,336$3,878$3,463$3,087$2,750$2,490
12 years$3,934$3,481$3,073$2,708$2,383$2,135
13 years$3,594$3,145$2,745$2,391$2,078$1,842
14 years$3,303$2,859$2,467$2,122$1,821$1,597
15 years$3,051$2,612$2,227$1,893$1,604$1,390
16 years$2,831$2,396$2,019$1,695$1,417$1,215
17 years$2,637$2,207$1,837$1,523$1,257$1,065
18 years$2,464$2,039$1,677$1,372$1,117$935
19 years$2,310$1,890$1,536$1,240$996$824
20 years$2,172$1,756$1,409$1,123$890$727
21 years$2,047$1,636$1,296$1,019$796$643
22 years$1,933$1,527$1,195$927$714$569
23 years$1,829$1,428$1,103$844$641$504
24 years$1,735$1,338$1,020$770$576$447
25 years$1,647$1,256$945$703$518$397
26 years$1,567$1,180$876$643$467$353
27 years$1,493$1,111$814$588$421$314
28 years$1,424$1,047$756$539$380$280
29 years$1,360$987$704$494$343$249
30 years$1,301$932$656$454$310$222
31 years$1,245$882$611$417$280$198
32 years$1,193$834$570$383$253$177
33 years$1,144$790$533$352$229$158
34 years$1,099$749$498$324$208$141
35 years$1,055$710$465$298$188$126
36 years$1,015$674$435$275$170$112
37 years$977$640$407$253$154$100
38 years$940$608$381$233$140$90
39 years$906$578$357$215$127$80
40 years$874$550$335$198$115$72
41 years$843$524$314$183$104$64
42 years$814$499$295$169$95$57
43 years$786$475$276$156$86$51
44 years$759$453$260$144$78$46
45 years$734$432$244$133$71$41
46 years$710$412$229$123$64$37
47 years$687$393$215$113$58$33
48 years$665$376$202$105$53$29
49 years$644$359$190$97$48$26
50 years$624$343$179$90$44$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $639,000, adding $2,628 every year, while hoping to spend $43,793 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: 38/44/18 Blend
44$639,000$639,000$639,000$639,000
45$706,889$673,022$663,117$729,837
46$732,396$659,404$638,736$732,969
47$759,037$643,652$612,071$731,991
48$786,882$625,614$582,998$730,018
49$816,005$605,130$551,390$726,982
50$846,488$582,032$517,111$722,816
51$878,418$556,140$480,023$717,447
52$911,892$527,266$439,979$710,802
53$947,011$495,208$396,825$702,801
54$983,890$459,757$350,402$693,366
55$1,022,648$420,687$300,542$682,413
56$1,063,420$377,762$247,072$669,856
57$1,106,349$330,733$189,809$655,607
58$1,151,593$279,334$128,564$639,573
59$1,199,321$223,288$63,137$621,661
60$1,249,722$162,299$0$601,774
61$1,302,997$96,055$0$581,099
62$1,359,370$24,229$0$571,273
63$1,419,081$0$0$560,100
64$1,482,397$0$0$573,437
65$1,549,605$0$0$600,091
66$1,621,023$0$0$628,460
67$1,696,996$0$0$658,688
68$1,777,903$0$0$690,932
69$1,864,159$0$0$725,365
70$1,956,218$0$0$762,175
71$2,054,577$0$0$801,568
72$2,159,782$0$0$843,771
73$2,272,430$0$0$889,033
74$2,393,177$0$0$937,626
75$2,522,743$0$0$989,850
76$2,661,917$0$0$1,046,033
77$2,811,564$0$0$1,106,536
78$2,972,637$0$0$1,171,756
79$3,146,179$0$0$1,242,127
80$3,333,339$0$0$1,318,127
81$3,535,375$0$0$1,400,283
82$3,753,673$0$0$1,489,172
83$3,989,755$0$0$1,585,428
84$4,245,294$0$0$1,689,750
85$4,522,127$0$0$1,802,904
86$4,822,278$0$0$1,925,736
87$5,147,969$0$0$2,059,172
88$5,501,646$0$0$2,204,236
89$5,885,998$0$0$2,362,048
90$6,303,985$0$0$2,533,847
91$6,758,861$0$0$2,720,992
92$7,254,209$0$0$2,924,979
93$7,793,969$0$0$3,147,456
94$8,382,479$0$0$3,390,236
95$9,024,514$0$0$3,655,314
96$9,725,327$0$0$3,944,887
97$10,490,703$0$0$4,261,374
98$11,327,009$0$0$4,607,436
99$12,241,256$0$0$4,986,006
100$13,241,161$0$0$5,400,312