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%13.3%
1 years$53,016$52,544$52,083$51,633$51,194$50,491
2 years$26,245$25,757$25,283$24,824$24,378$23,672
3 years$17,323$16,832$16,360$15,905$15,466$14,778
4 years$12,863$12,373$11,906$11,458$11,031$10,366
5 years$10,187$9,701$9,239$8,801$8,385$7,745
6 years$8,404$7,922$7,467$7,038$6,635$6,021
7 years$7,131$6,653$6,205$5,787$5,396$4,808
8 years$6,177$5,702$5,262$4,854$4,477$3,915
9 years$5,435$4,965$4,532$4,135$3,770$3,234
10 years$4,842$4,376$3,951$3,564$3,212$2,702
11 years$4,357$3,896$3,479$3,102$2,763$2,277
12 years$3,953$3,497$3,087$2,721$2,394$1,933
13 years$3,611$3,160$2,758$2,402$2,088$1,650
14 years$3,319$2,873$2,478$2,132$1,830$1,416
15 years$3,066$2,624$2,238$1,902$1,611$1,219
16 years$2,844$2,408$2,029$1,703$1,424$1,054
17 years$2,649$2,217$1,846$1,530$1,263$913
18 years$2,476$2,049$1,685$1,379$1,123$793
19 years$2,321$1,899$1,543$1,246$1,001$691
20 years$2,182$1,765$1,416$1,128$894$602
21 years$2,056$1,644$1,302$1,024$800$526
22 years$1,942$1,534$1,200$931$717$460
23 years$1,838$1,435$1,108$848$644$403
24 years$1,743$1,344$1,025$773$578$353
25 years$1,655$1,262$949$706$521$310
26 years$1,575$1,186$880$646$469$272
27 years$1,500$1,116$818$591$423$239
28 years$1,431$1,052$760$542$381$210
29 years$1,367$992$707$497$344$185
30 years$1,307$937$659$456$311$162
31 years$1,251$886$614$419$281$143
32 years$1,199$838$573$385$255$126
33 years$1,150$794$535$354$230$111
34 years$1,104$752$500$326$209$98
35 years$1,060$713$467$300$189$86
36 years$1,020$677$437$276$171$76
37 years$981$643$409$254$155$67
38 years$945$611$383$234$141$59
39 years$910$581$359$216$128$52
40 years$878$553$337$199$116$46
41 years$847$526$316$184$105$40
42 years$817$501$296$170$95$36
43 years$789$478$278$157$86$31
44 years$763$455$261$145$78$28
45 years$737$434$245$134$71$24
46 years$713$414$230$123$65$22
47 years$690$395$216$114$59$19
48 years$668$377$203$105$53$17
49 years$647$360$191$97$48$15
50 years$627$344$179$90$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $642,000, adding $2,556 every year, while hoping to spend $58,830 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: 43/40/17 Blend
44$642,000$642,000$642,000$642,000
45$710,121$676,095$666,144$737,043
46$719,958$646,628$625,865$726,775
47$728,827$613,747$582,265$709,656
48$736,568$577,220$535,170$689,864
49$742,999$536,806$484,400$667,179
50$747,923$492,247$429,766$641,366
51$751,117$443,273$371,069$612,171
52$752,334$389,597$308,103$579,322
53$751,301$330,915$240,652$542,523
54$747,712$266,908$168,493$501,456
55$741,230$197,238$91,388$455,779
56$731,480$121,548$9,095$405,121
57$718,047$39,460$0$349,082
58$700,471$0$0$301,511
59$678,241$0$0$272,103
60$650,793$0$0$257,544
61$617,501$0$0$240,167
62$577,674$0$0$219,643
63$530,545$0$0$195,607
64$475,270$0$0$167,656
65$410,910$0$0$135,346
66$336,431$0$0$98,183
67$250,689$0$0$55,624
68$152,419$0$0$7,068
69$40,225$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0