Can I retire at age 45 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$52,933$52,462$52,002$51,553$51,114$50,267
2 years$26,205$25,717$25,244$24,785$24,340$23,489
3 years$17,296$16,806$16,334$15,880$15,442$14,614
4 years$12,843$12,354$11,887$11,441$11,014$10,215
5 years$10,172$9,686$9,225$8,787$8,372$7,605
6 years$8,391$7,909$7,455$7,027$6,625$5,889
7 years$7,120$6,642$6,195$5,778$5,388$4,685
8 years$6,167$5,694$5,254$4,847$4,470$3,799
9 years$5,426$4,957$4,525$4,128$3,764$3,125
10 years$4,834$4,370$3,945$3,559$3,207$2,600
11 years$4,350$3,890$3,473$3,097$2,758$2,181
12 years$3,947$3,491$3,083$2,717$2,390$1,843
13 years$3,606$3,155$2,754$2,398$2,084$1,567
14 years$3,314$2,868$2,474$2,129$1,827$1,338
15 years$3,061$2,620$2,234$1,899$1,609$1,147
16 years$2,840$2,404$2,026$1,700$1,422$986
17 years$2,645$2,214$1,843$1,527$1,261$850
18 years$2,472$2,046$1,683$1,377$1,121$735
19 years$2,318$1,896$1,540$1,244$999$637
20 years$2,179$1,762$1,414$1,127$892$552
21 years$2,053$1,641$1,300$1,022$799$480
22 years$1,939$1,532$1,198$930$716$417
23 years$1,835$1,433$1,107$847$643$363
24 years$1,740$1,342$1,023$772$578$317
25 years$1,653$1,260$948$705$520$276
26 years$1,572$1,184$879$645$468$241
27 years$1,498$1,114$816$590$422$211
28 years$1,429$1,050$759$541$381$184
29 years$1,365$990$706$496$344$161
30 years$1,305$935$658$455$311$141
31 years$1,249$884$613$418$281$123
32 years$1,197$837$572$384$254$108
33 years$1,148$792$534$353$230$94
34 years$1,102$751$499$325$208$83
35 years$1,059$712$467$299$189$72
36 years$1,018$676$437$276$171$63
37 years$980$642$409$254$155$56
38 years$943$610$383$234$140$49
39 years$909$580$358$216$127$43
40 years$876$552$336$199$115$37
41 years$845$526$315$184$105$33
42 years$816$500$296$169$95$29
43 years$788$477$277$156$86$25
44 years$762$455$260$144$78$22
45 years$736$433$244$133$71$19
46 years$712$414$230$123$65$17
47 years$689$395$216$114$59$15
48 years$667$377$203$105$53$13
49 years$646$360$191$97$48$11
50 years$626$344$179$90$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $641,000, adding $2,255 every year, while hoping to spend $35,148 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: 27/50/23 Blend
44$641,000$641,000$641,000$641,000
45$708,708$674,735$664,800$722,655
46$743,599$670,400$649,673$729,540
47$780,871$664,674$632,862$733,701
48$820,729$657,453$614,273$737,427
49$863,400$648,624$593,807$740,703
50$909,130$638,070$571,363$743,516
51$958,191$625,666$546,833$745,856
52$1,010,881$611,277$520,106$747,716
53$1,067,526$594,765$491,065$749,091
54$1,128,486$575,980$459,587$749,981
55$1,194,153$554,765$425,545$750,391
56$1,264,961$530,953$388,806$750,329
57$1,341,385$504,368$349,229$749,813
58$1,423,948$474,824$306,669$748,865
59$1,513,223$442,122$260,975$747,516
60$1,609,840$406,055$211,987$745,807
61$1,714,495$366,402$159,539$743,790
62$1,827,948$322,931$103,458$741,527
63$1,951,038$275,394$43,564$739,097
64$2,084,688$223,533$0$736,593
65$2,229,912$167,071$0$739,120
66$2,387,825$105,719$0$753,548
67$2,559,654$39,171$0$769,380
68$2,746,751$0$0$786,846
69$2,950,600$0$0$824,311
70$3,172,839$0$0$888,747
71$3,415,266$0$0$959,137
72$3,679,863$0$0$1,036,068
73$3,968,810$0$0$1,120,188
74$4,284,508$0$0$1,212,209
75$4,629,600$0$0$1,312,915
76$5,006,995$0$0$1,423,172
77$5,419,898$0$0$1,543,929
78$5,871,837$0$0$1,676,234
79$6,366,694$0$0$1,821,242
80$6,908,749$0$0$1,980,222
81$7,502,713$0$0$2,154,574
82$8,153,772$0$0$2,345,840
83$8,867,642$0$0$2,555,718
84$9,650,615$0$0$2,786,077
85$10,509,624$0$0$3,038,977
86$11,452,302$0$0$3,316,688
87$12,487,061$0$0$3,621,709
88$13,623,164$0$0$3,956,794
89$14,870,816$0$0$4,324,976
90$16,241,258$0$0$4,729,597
91$17,746,874$0$0$5,174,339
92$19,401,307$0$0$5,663,258
93$21,219,585$0$0$6,200,822
94$23,218,268$0$0$6,791,955
95$25,415,596$0$0$7,442,081
96$27,831,667$0$0$8,157,177
97$30,488,623$0$0$8,943,826
98$33,410,860$0$0$9,809,284
99$36,625,256$0$0$10,761,544
100$40,161,424$0$0$11,809,414