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%18.8%
1 years$52,851$52,380$51,921$51,472$51,034$49,224
2 years$26,164$25,676$25,204$24,746$24,302$22,497
3 years$17,269$16,780$16,309$15,855$15,418$13,676
4 years$12,823$12,335$11,869$11,423$10,996$9,330
5 years$10,156$9,671$9,211$8,774$8,359$6,773
6 years$8,378$7,897$7,443$7,016$6,614$5,109
7 years$7,109$6,632$6,186$5,769$5,379$3,955
8 years$6,158$5,685$5,246$4,839$4,463$3,118
9 years$5,418$4,950$4,518$4,122$3,758$2,492
10 years$4,827$4,363$3,939$3,553$3,202$2,012
11 years$4,343$3,884$3,468$3,092$2,754$1,637
12 years$3,941$3,486$3,078$2,712$2,387$1,341
13 years$3,600$3,150$2,750$2,395$2,081$1,103
14 years$3,309$2,864$2,471$2,126$1,824$911
15 years$3,056$2,616$2,231$1,896$1,606$755
16 years$2,835$2,400$2,022$1,697$1,420$628
17 years$2,641$2,210$1,840$1,525$1,259$523
18 years$2,468$2,042$1,680$1,374$1,119$436
19 years$2,314$1,893$1,538$1,242$998$364
20 years$2,175$1,759$1,411$1,125$891$305
21 years$2,050$1,638$1,298$1,021$797$255
22 years$1,936$1,529$1,197$928$715$214
23 years$1,832$1,430$1,105$845$642$179
24 years$1,737$1,340$1,022$771$577$151
25 years$1,650$1,258$946$704$519$126
26 years$1,570$1,182$878$644$467$106
27 years$1,495$1,112$815$589$421$89
28 years$1,426$1,048$758$540$380$75
29 years$1,362$989$705$495$343$63
30 years$1,303$934$657$454$310$53
31 years$1,247$883$612$417$280$45
32 years$1,195$835$571$384$254$37
33 years$1,146$791$533$353$230$32
34 years$1,100$750$498$324$208$27
35 years$1,057$711$466$299$188$22
36 years$1,016$675$436$275$171$19
37 years$978$641$408$253$155$16
38 years$942$609$382$234$140$13
39 years$908$579$358$215$127$11
40 years$875$551$335$199$115$9
41 years$844$525$315$183$105$8
42 years$815$500$295$169$95$7
43 years$787$476$277$156$86$6
44 years$760$454$260$144$78$5
45 years$735$433$244$133$71$4
46 years$711$413$229$123$64$3
47 years$688$394$215$114$59$3
48 years$666$376$202$105$53$2
49 years$645$359$190$97$48$2
50 years$625$343$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $640,000, adding $2,869 every year, while hoping to spend $39,826 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: 81/13/6 Blend
44$640,000$640,000$640,000$640,000
45$708,239$674,319$664,399$765,076
46$738,105$664,986$644,282$793,340
47$769,683$653,861$622,156$818,759
48$803,104$640,814$597,912$845,434
49$838,514$625,708$571,436$873,469
50$876,071$608,396$542,608$902,978
51$915,948$588,725$511,303$934,087
52$958,334$566,532$477,390$966,933
53$1,003,435$541,643$440,734$1,001,671
54$1,051,478$513,876$401,191$1,038,467
55$1,102,710$483,038$358,613$1,077,508
56$1,157,404$448,924$312,844$1,118,999
57$1,215,857$411,318$263,721$1,163,167
58$1,278,394$369,993$211,075$1,210,259
59$1,345,373$324,705$154,729$1,260,553
60$1,417,186$275,201$94,498$1,314,351
61$1,494,264$221,211$30,189$1,371,989
62$1,577,079$162,450$0$1,433,838
63$1,666,148$98,617$0$1,502,766
64$1,762,040$29,395$0$1,578,988
65$1,865,381$0$0$1,661,079
66$1,976,857$0$0$1,756,121
67$2,097,221$0$0$1,863,294
68$2,227,302$0$0$1,979,132
69$2,368,010$0$0$2,104,447
70$2,520,347$0$0$2,240,133
71$2,685,412$0$0$2,387,172
72$2,864,415$0$0$2,546,643
73$3,058,687$0$0$2,719,733
74$3,269,692$0$0$2,907,749
75$3,499,037$0$0$3,112,126
76$3,748,495$0$0$3,334,444
77$4,020,013$0$0$3,576,443
78$4,315,735$0$0$3,840,036
79$4,638,019$0$0$4,127,326
80$4,989,462$0$0$4,440,632
81$5,372,920$0$0$4,782,504
82$5,791,539$0$0$5,155,747
83$6,248,781$0$0$5,563,452
84$6,748,456$0$0$6,009,021
85$7,294,760$0$0$6,496,197
86$7,892,313$0$0$7,029,104
87$8,546,202$0$0$7,612,283
88$9,262,026$0$0$8,250,731
89$10,045,954$0$0$8,949,953
90$10,904,778$0$0$9,716,013
91$11,845,977$0$0$10,555,585
92$12,877,789$0$0$11,476,022
93$14,009,287$0$0$12,485,422
94$15,250,463$0$0$13,592,706
95$16,612,325$0$0$14,807,695
96$18,106,995$0$0$16,141,213
97$19,747,828$0$0$17,605,178
98$21,549,535$0$0$19,212,720
99$23,528,320$0$0$20,978,304
100$25,702,034$0$0$22,917,863