Can I retire at age 45 with 642,000?

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 $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%16.3%
1 years$53,016$52,544$52,083$51,633$51,194$49,875
2 years$26,245$25,757$25,283$24,824$24,378$23,058
3 years$17,323$16,832$16,360$15,905$15,466$14,187
4 years$12,863$12,373$11,906$11,458$11,031$9,801
5 years$10,187$9,701$9,239$8,801$8,385$7,209
6 years$8,404$7,922$7,467$7,038$6,635$5,514
7 years$7,131$6,653$6,205$5,787$5,396$4,329
8 years$6,177$5,702$5,262$4,854$4,477$3,464
9 years$5,435$4,965$4,532$4,135$3,770$2,811
10 years$4,842$4,376$3,951$3,564$3,212$2,305
11 years$4,357$3,896$3,479$3,102$2,763$1,906
12 years$3,953$3,497$3,087$2,721$2,394$1,587
13 years$3,611$3,160$2,758$2,402$2,088$1,328
14 years$3,319$2,873$2,478$2,132$1,830$1,116
15 years$3,066$2,624$2,238$1,902$1,611$942
16 years$2,844$2,408$2,029$1,703$1,424$797
17 years$2,649$2,217$1,846$1,530$1,263$676
18 years$2,476$2,049$1,685$1,379$1,123$575
19 years$2,321$1,899$1,543$1,246$1,001$489
20 years$2,182$1,765$1,416$1,128$894$417
21 years$2,056$1,644$1,302$1,024$800$356
22 years$1,942$1,534$1,200$931$717$304
23 years$1,838$1,435$1,108$848$644$260
24 years$1,743$1,344$1,025$773$578$223
25 years$1,655$1,262$949$706$521$191
26 years$1,575$1,186$880$646$469$164
27 years$1,500$1,116$818$591$423$140
28 years$1,431$1,052$760$542$381$120
29 years$1,367$992$707$497$344$103
30 years$1,307$937$659$456$311$89
31 years$1,251$886$614$419$281$76
32 years$1,199$838$573$385$255$65
33 years$1,150$794$535$354$230$56
34 years$1,104$752$500$326$209$48
35 years$1,060$713$467$300$189$41
36 years$1,020$677$437$276$171$36
37 years$981$643$409$254$155$31
38 years$945$611$383$234$141$26
39 years$910$581$359$216$128$23
40 years$878$553$337$199$116$19
41 years$847$526$316$184$105$17
42 years$817$501$296$170$95$14
43 years$789$478$278$157$86$12
44 years$763$455$261$145$78$11
45 years$737$434$245$134$71$9
46 years$713$414$230$123$65$8
47 years$690$395$216$114$59$7
48 years$668$377$203$105$53$6
49 years$647$360$191$97$48$5
50 years$627$344$179$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $642,000, adding $5,670 every year, while hoping to spend $35,930 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: 65/21/14 Blend
44$642,000$642,000$642,000$642,000
45$713,333$679,307$669,356$756,978
46$747,863$674,363$653,550$781,919
47$784,712$667,974$636,010$804,467
48$824,077$660,029$616,641$828,212
49$866,176$650,413$595,342$853,272
50$911,247$639,005$572,007$879,774
51$959,553$625,674$546,527$907,863
52$1,011,379$610,285$518,788$937,697
53$1,067,041$592,690$488,669$969,451
54$1,126,884$572,737$456,044$1,003,323
55$1,191,289$550,263$420,784$1,039,528
56$1,260,670$525,096$382,750$1,078,309
57$1,335,486$497,053$341,800$1,119,930
58$1,416,240$465,943$297,784$1,164,690
59$1,503,483$431,561$250,547$1,212,916
60$1,597,823$393,692$199,925$1,264,971
61$1,699,927$352,109$145,748$1,321,260
62$1,810,527$306,570$87,839$1,382,228
63$1,930,431$256,823$26,012$1,448,372
64$2,060,525$202,597$0$1,520,238
65$2,201,784$143,609$0$1,604,404
66$2,355,281$79,561$0$1,700,107
67$2,522,195$10,135$0$1,804,231
68$2,703,825$0$0$1,917,634
69$2,901,598$0$0$2,056,281
70$3,117,087$0$0$2,209,939
71$3,352,020$0$0$2,377,503
72$3,608,302$0$0$2,560,336
73$3,888,028$0$0$2,759,938
74$4,193,504$0$0$2,977,961
75$4,527,268$0$0$3,216,222
76$4,892,116$0$0$3,476,723
77$5,291,125$0$0$3,761,667
78$5,727,684$0$0$4,073,480
79$6,205,523$0$0$4,414,834
80$6,728,750$0$0$4,788,671
81$7,301,890$0$0$5,198,231
82$7,929,924$0$0$5,647,080
83$8,618,340$0$0$6,139,149
84$9,373,181$0$0$6,678,765
85$10,201,102$0$0$7,270,695
86$11,109,434$0$0$7,920,188
87$12,106,253$0$0$8,633,029
88$13,200,453$0$0$9,415,585
89$14,401,831$0$0$10,274,875
90$15,721,179$0$0$11,218,628
91$17,170,388$0$0$12,255,359
92$18,762,554$0$0$13,394,448
93$20,512,105$0$0$14,646,229
94$22,434,938$0$0$16,022,087
95$24,548,564$0$0$17,534,563
96$26,872,274$0$0$19,197,475
97$29,427,326$0$0$21,026,048
98$32,237,137$0$0$23,037,054
99$35,327,507$0$0$25,248,973
100$38,726,864$0$0$27,682,164