Can I retire at age 45 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$52,851$52,380$51,921$51,472$51,034$50,025
2 years$26,164$25,676$25,204$24,746$24,302$23,289
3 years$17,269$16,780$16,309$15,855$15,418$14,433
4 years$12,823$12,335$11,869$11,423$10,996$10,047
5 years$10,156$9,671$9,211$8,774$8,359$7,449
6 years$8,378$7,897$7,443$7,016$6,614$5,744
7 years$7,109$6,632$6,186$5,769$5,379$4,548
8 years$6,158$5,685$5,246$4,839$4,463$3,671
9 years$5,418$4,950$4,518$4,122$3,758$3,006
10 years$4,827$4,363$3,939$3,553$3,202$2,488
11 years$4,343$3,884$3,468$3,092$2,754$2,077
12 years$3,941$3,486$3,078$2,712$2,387$1,746
13 years$3,600$3,150$2,750$2,395$2,081$1,476
14 years$3,309$2,864$2,471$2,126$1,824$1,254
15 years$3,056$2,616$2,231$1,896$1,606$1,069
16 years$2,835$2,400$2,022$1,697$1,420$914
17 years$2,641$2,210$1,840$1,525$1,259$784
18 years$2,468$2,042$1,680$1,374$1,119$673
19 years$2,314$1,893$1,538$1,242$998$580
20 years$2,175$1,759$1,411$1,125$891$500
21 years$2,050$1,638$1,298$1,021$797$432
22 years$1,936$1,529$1,197$928$715$373
23 years$1,832$1,430$1,105$845$642$323
24 years$1,737$1,340$1,022$771$577$280
25 years$1,650$1,258$946$704$519$243
26 years$1,570$1,182$878$644$467$210
27 years$1,495$1,112$815$589$421$183
28 years$1,426$1,048$758$540$380$159
29 years$1,362$989$705$495$343$138
30 years$1,303$934$657$454$310$120
31 years$1,247$883$612$417$280$104
32 years$1,195$835$571$384$254$90
33 years$1,146$791$533$353$230$79
34 years$1,100$750$498$324$208$68
35 years$1,057$711$466$299$188$60
36 years$1,016$675$436$275$171$52
37 years$978$641$408$253$155$45
38 years$942$609$382$234$140$39
39 years$908$579$358$215$127$34
40 years$875$551$335$199$115$30
41 years$844$525$315$183$105$26
42 years$815$500$295$169$95$23
43 years$787$476$277$156$86$20
44 years$760$454$260$144$78$17
45 years$735$433$244$133$71$15
46 years$711$413$229$123$64$13
47 years$688$394$215$114$59$11
48 years$666$376$202$105$53$10
49 years$645$359$190$97$48$9
50 years$625$343$179$90$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $640,000, adding $5,769 every year, while hoping to spend $32,505 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: 57/27/16 Blend
44$640,000$640,000$640,000$640,000
45$711,231$677,311$667,391$748,490
46$749,191$675,914$655,163$773,028
47$789,934$673,359$641,437$795,710
48$833,709$669,556$626,127$819,684
49$880,790$664,406$609,144$845,080
50$931,478$657,809$590,398$872,042
51$986,102$649,655$569,790$900,731
52$1,045,026$639,830$547,219$931,326
53$1,108,648$628,211$522,580$964,025
54$1,177,406$614,669$495,762$999,048
55$1,251,780$599,067$466,650$1,036,640
56$1,332,301$581,261$435,122$1,077,072
57$1,419,550$561,096$401,052$1,120,646
58$1,514,165$538,411$364,308$1,167,694
59$1,616,850$513,034$324,753$1,218,588
60$1,728,379$484,783$282,243$1,273,738
61$1,849,603$453,466$236,627$1,333,599
62$1,981,456$418,879$187,747$1,398,675
63$2,124,969$380,809$135,441$1,469,527
64$2,281,274$339,027$79,537$1,546,772
65$2,451,618$293,294$19,856$1,631,096
66$2,637,374$243,356$0$1,723,260
67$2,840,052$188,945$0$1,831,586
68$3,061,312$129,779$0$1,953,626
69$3,302,986$65,558$0$2,087,050
70$3,567,088$0$0$2,233,036
71$3,855,834$0$0$2,394,078
72$4,171,667$0$0$2,591,586
73$4,517,275$0$0$2,807,769
74$4,895,618$0$0$3,044,485
75$5,309,956$0$0$3,303,782
76$5,763,879$0$0$3,587,913
77$6,261,339$0$0$3,899,361
78$6,806,691$0$0$4,240,858
79$7,404,729$0$0$4,615,417
80$8,060,736$0$0$5,026,354
81$8,780,528$0$0$5,477,321
82$9,570,514$0$0$5,972,343
83$10,437,750$0$0$6,515,852
84$11,390,013$0$0$7,112,730
85$12,435,866$0$0$7,768,356
86$13,584,745$0$0$8,488,655
87$14,847,042$0$0$9,280,153
88$16,234,208$0$0$10,150,043
89$17,758,858$0$0$11,106,246
90$19,434,887$0$0$12,157,490
91$21,277,608$0$0$13,313,391
92$23,303,887$0$0$14,584,542
93$25,532,309$0$0$15,982,616
94$27,983,351$0$0$17,520,473
95$30,679,571$0$0$19,212,282
96$33,645,827$0$0$21,073,654
97$36,909,503$0$0$23,121,790
98$40,500,777$0$0$25,375,642
99$44,452,895$0$0$27,856,093
100$48,802,493$0$0$30,586,153