Can I retire at age 45 with 641,000?

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 $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%11.3%
1 years$52,933$52,462$52,002$51,553$51,114$50,835
2 years$26,205$25,717$25,244$24,785$24,340$24,058
3 years$17,296$16,806$16,334$15,880$15,442$15,167
4 years$12,843$12,354$11,887$11,441$11,014$10,746
5 years$10,172$9,686$9,225$8,787$8,372$8,114
6 years$8,391$7,909$7,455$7,027$6,625$6,376
7 years$7,120$6,642$6,195$5,778$5,388$5,148
8 years$6,167$5,694$5,254$4,847$4,470$4,240
9 years$5,426$4,957$4,525$4,128$3,764$3,544
10 years$4,834$4,370$3,945$3,559$3,207$2,996
11 years$4,350$3,890$3,473$3,097$2,758$2,557
12 years$3,947$3,491$3,083$2,717$2,390$2,198
13 years$3,606$3,155$2,754$2,398$2,084$1,901
14 years$3,314$2,868$2,474$2,129$1,827$1,652
15 years$3,061$2,620$2,234$1,899$1,609$1,442
16 years$2,840$2,404$2,026$1,700$1,422$1,264
17 years$2,645$2,214$1,843$1,527$1,261$1,111
18 years$2,472$2,046$1,683$1,377$1,121$979
19 years$2,318$1,896$1,540$1,244$999$864
20 years$2,179$1,762$1,414$1,127$892$765
21 years$2,053$1,641$1,300$1,022$799$678
22 years$1,939$1,532$1,198$930$716$602
23 years$1,835$1,433$1,107$847$643$535
24 years$1,740$1,342$1,023$772$578$476
25 years$1,653$1,260$948$705$520$424
26 years$1,572$1,184$879$645$468$379
27 years$1,498$1,114$816$590$422$338
28 years$1,429$1,050$759$541$381$302
29 years$1,365$990$706$496$344$270
30 years$1,305$935$658$455$311$241
31 years$1,249$884$613$418$281$216
32 years$1,197$837$572$384$254$193
33 years$1,148$792$534$353$230$173
34 years$1,102$751$499$325$208$155
35 years$1,059$712$467$299$189$139
36 years$1,018$676$437$276$171$124
37 years$980$642$409$254$155$111
38 years$943$610$383$234$140$100
39 years$909$580$358$216$127$90
40 years$876$552$336$199$115$80
41 years$845$526$315$184$105$72
42 years$816$500$296$169$95$65
43 years$788$477$277$156$86$58
44 years$762$455$260$144$78$52
45 years$736$433$244$133$71$47
46 years$712$414$230$123$65$42
47 years$689$395$216$114$59$38
48 years$667$377$203$105$53$34
49 years$646$360$191$97$48$30
50 years$626$344$179$90$44$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $641,000, adding $4,386 every year, while hoping to spend $36,190 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: 23/47/30 Blend
44$641,000$641,000$641,000$641,000
45$710,906$676,933$666,998$720,481
46$744,913$671,597$650,836$723,892
47$781,175$664,786$632,920$724,239
48$819,885$656,391$613,153$723,853
49$861,253$646,294$591,433$722,699
50$905,509$634,370$567,655$720,740
51$952,906$620,490$541,706$717,942
52$1,003,721$604,512$513,472$714,270
53$1,058,258$586,291$482,831$709,692
54$1,116,851$565,670$449,657$704,176
55$1,179,866$542,484$413,817$697,692
56$1,247,705$516,559$375,172$690,213
57$1,320,810$487,709$333,579$681,716
58$1,399,665$455,739$288,887$672,180
59$1,484,804$420,443$240,937$661,590
60$1,576,812$381,603$189,566$649,936
61$1,676,332$338,986$134,602$637,214
62$1,784,071$292,350$75,865$623,426
63$1,900,808$241,437$13,168$608,586
64$2,027,397$185,974$0$592,715
65$2,164,778$125,674$0$593,048
66$2,313,985$60,232$0$598,048
67$2,476,157$0$0$603,622
68$2,652,543$0$0$615,441
69$2,844,521$0$0$662,308
70$3,053,606$0$0$713,455
71$3,281,464$0$0$769,302
72$3,529,929$0$0$830,312
73$3,801,022$0$0$896,995
74$4,096,963$0$0$969,912
75$4,420,201$0$0$1,049,682
76$4,773,426$0$0$1,136,984
77$5,159,606$0$0$1,232,570
78$5,582,003$0$0$1,337,262
79$6,044,213$0$0$1,451,971
80$6,550,192$0$0$1,577,696
81$7,104,300$0$0$1,715,541
82$7,711,335$0$0$1,866,719
83$8,376,583$0$0$2,032,568
84$9,105,866$0$0$2,214,559
85$9,905,594$0$0$2,414,315
86$10,782,828$0$0$2,633,624
87$11,745,347$0$0$2,874,453
88$12,801,716$0$0$3,138,971
89$13,961,373$0$0$3,429,567
90$15,234,712$0$0$3,748,871
91$16,633,184$0$0$4,099,783
92$18,169,403$0$0$4,485,497
93$19,857,265$0$0$4,909,532
94$21,712,078$0$0$5,375,763
95$23,750,707$0$0$5,888,461
96$25,991,733$0$0$6,452,333
97$28,455,624$0$0$7,072,561
98$31,164,933$0$0$7,754,859
99$34,144,507$0$0$8,505,519
100$37,421,721$0$0$9,331,476