Can I retire at age 45 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$53,016$52,544$52,083$51,633$51,194$50,596
2 years$26,245$25,757$25,283$24,824$24,378$23,776
3 years$17,323$16,832$16,360$15,905$15,466$14,880
4 years$12,863$12,373$11,906$11,458$11,031$10,463
5 years$10,187$9,701$9,239$8,801$8,385$7,839
6 years$8,404$7,922$7,467$7,038$6,635$6,110
7 years$7,131$6,653$6,205$5,787$5,396$4,893
8 years$6,177$5,702$5,262$4,854$4,477$3,995
9 years$5,435$4,965$4,532$4,135$3,770$3,310
10 years$4,842$4,376$3,951$3,564$3,212$2,774
11 years$4,357$3,896$3,479$3,102$2,763$2,345
12 years$3,953$3,497$3,087$2,721$2,394$1,997
13 years$3,611$3,160$2,758$2,402$2,088$1,710
14 years$3,319$2,873$2,478$2,132$1,830$1,472
15 years$3,066$2,624$2,238$1,902$1,611$1,272
16 years$2,844$2,408$2,029$1,703$1,424$1,103
17 years$2,649$2,217$1,846$1,530$1,263$960
18 years$2,476$2,049$1,685$1,379$1,123$837
19 years$2,321$1,899$1,543$1,246$1,001$731
20 years$2,182$1,765$1,416$1,128$894$640
21 years$2,056$1,644$1,302$1,024$800$561
22 years$1,942$1,534$1,200$931$717$492
23 years$1,838$1,435$1,108$848$644$433
24 years$1,743$1,344$1,025$773$578$381
25 years$1,655$1,262$949$706$521$335
26 years$1,575$1,186$880$646$469$296
27 years$1,500$1,116$818$591$423$261
28 years$1,431$1,052$760$542$381$230
29 years$1,367$992$707$497$344$203
30 years$1,307$937$659$456$311$179
31 years$1,251$886$614$419$281$159
32 years$1,199$838$573$385$255$140
33 years$1,150$794$535$354$230$124
34 years$1,104$752$500$326$209$110
35 years$1,060$713$467$300$189$97
36 years$1,020$677$437$276$171$86
37 years$981$643$409$254$155$76
38 years$945$611$383$234$141$67
39 years$910$581$359$216$128$60
40 years$878$553$337$199$116$53
41 years$847$526$316$184$105$47
42 years$817$501$296$170$95$41
43 years$789$478$278$157$86$37
44 years$763$455$261$145$78$33
45 years$737$434$245$134$71$29
46 years$713$414$230$123$65$26
47 years$690$395$216$114$59$23
48 years$668$377$203$105$53$20
49 years$647$360$191$97$48$18
50 years$627$344$179$90$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $642,000, adding $5,280 every year, while hoping to spend $35,965 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: 60/30/10 Blend
44$642,000$642,000$642,000$642,000
45$712,930$678,904$668,953$753,745
46$747,383$673,904$653,097$776,777
47$784,144$667,454$635,504$797,331
48$823,411$659,444$616,078$818,865
49$865,402$649,759$594,719$841,475
50$910,352$638,276$571,321$865,269
51$958,522$624,866$545,775$890,368
52$1,010,199$609,392$517,966$916,904
53$1,065,694$591,707$487,773$945,026
54$1,125,353$571,658$455,070$974,902
55$1,189,551$549,082$419,728$1,006,715
56$1,258,705$523,806$381,608$1,040,672
57$1,333,268$495,649$340,567$1,077,001
58$1,413,741$464,415$296,456$1,115,956
59$1,500,674$429,903$249,119$1,157,821
60$1,594,670$391,895$198,392$1,202,910
61$1,696,393$350,164$144,104$1,251,574
62$1,806,572$304,469$86,078$1,304,199
63$1,926,009$254,556$24,129$1,361,218
64$2,055,587$200,154$0$1,423,108
65$2,196,275$140,979$0$1,494,881
66$2,349,140$76,733$0$1,575,685
67$2,515,357$7,097$0$1,663,618
68$2,696,215$0$0$1,759,430
69$2,893,136$0$0$1,886,484
70$3,107,684$0$0$2,027,509
71$3,341,577$0$0$2,181,300
72$3,596,711$0$0$2,349,107
73$3,875,168$0$0$2,532,309
74$4,179,243$0$0$2,732,420
75$4,511,461$0$0$2,951,109
76$4,874,603$0$0$3,190,214
77$5,271,728$0$0$3,451,758
78$5,706,208$0$0$3,737,968
79$6,181,752$0$0$4,051,296
80$6,702,448$0$0$4,394,444
81$7,272,794$0$0$4,770,385
82$7,897,747$0$0$5,182,394
83$8,582,764$0$0$5,634,080
84$9,333,855$0$0$6,129,415
85$10,157,640$0$0$6,672,774
86$11,061,411$0$0$7,268,979
87$12,053,198$0$0$7,923,337
88$13,141,849$0$0$8,641,696
89$14,337,108$0$0$9,430,499
90$15,649,710$0$0$10,296,841
91$17,091,478$0$0$11,248,540
92$18,675,440$0$0$12,294,207
93$20,415,946$0$0$13,443,329
94$22,328,805$0$0$14,706,357
95$24,431,435$0$0$16,094,806
96$26,743,023$0$0$17,621,361
97$29,284,710$0$0$19,299,999
98$32,079,787$0$0$21,146,118
99$35,153,915$0$0$23,176,683
100$38,535,367$0$0$25,410,386