Can I retire at age 45 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$53,181$52,707$52,245$51,794$51,353$49,789
2 years$26,327$25,837$25,362$24,901$24,454$22,892
3 years$17,377$16,885$16,411$15,954$15,515$14,003
4 years$12,903$12,412$11,943$11,494$11,065$9,616
5 years$10,219$9,731$9,268$8,829$8,412$7,028
6 years$8,431$7,946$7,490$7,060$6,656$5,340
7 years$7,153$6,673$6,224$5,805$5,413$4,165
8 years$6,196$5,720$5,279$4,869$4,491$3,309
9 years$5,452$4,980$4,546$4,148$3,782$2,665
10 years$4,857$4,390$3,964$3,575$3,222$2,169
11 years$4,370$3,908$3,490$3,112$2,771$1,780
12 years$3,965$3,508$3,097$2,729$2,401$1,470
13 years$3,623$3,170$2,767$2,410$2,094$1,221
14 years$3,329$2,881$2,486$2,139$1,836$1,018
15 years$3,075$2,632$2,245$1,908$1,616$851
16 years$2,853$2,415$2,035$1,708$1,428$714
17 years$2,657$2,224$1,852$1,535$1,267$600
18 years$2,484$2,055$1,690$1,383$1,126$506
19 years$2,328$1,905$1,548$1,250$1,004$427
20 years$2,189$1,770$1,420$1,132$897$361
21 years$2,063$1,649$1,306$1,027$802$305
22 years$1,948$1,539$1,204$934$719$258
23 years$1,844$1,439$1,112$851$646$219
24 years$1,748$1,349$1,028$776$580$186
25 years$1,660$1,266$952$708$522$157
26 years$1,579$1,189$883$648$470$134
27 years$1,505$1,119$820$593$424$113
28 years$1,435$1,055$762$543$383$96
29 years$1,371$995$709$498$346$82
30 years$1,311$940$661$457$312$70
31 years$1,255$888$616$420$282$59
32 years$1,202$841$575$386$255$50
33 years$1,153$796$537$355$231$43
34 years$1,107$754$501$327$209$36
35 years$1,064$716$469$301$189$31
36 years$1,023$679$439$277$172$26
37 years$984$645$411$255$156$22
38 years$948$613$384$235$141$19
39 years$913$583$360$217$128$16
40 years$880$555$338$200$116$14
41 years$849$528$317$184$105$12
42 years$820$503$297$170$96$10
43 years$792$479$279$157$87$8
44 years$765$457$262$145$79$7
45 years$740$435$246$134$71$6
46 years$715$415$231$124$65$5
47 years$692$396$217$114$59$4
48 years$670$378$204$106$53$4
49 years$649$361$191$98$49$3
50 years$629$345$180$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $644,000, adding $2,434 every year, while hoping to spend $29,956 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: 73/5/22 Blend
44$644,000$644,000$644,000$644,000
45$712,199$678,067$668,085$760,191
46$752,970$679,419$658,593$793,800
47$796,896$679,834$647,778$826,784
48$844,267$679,233$635,566$862,172
49$895,401$677,534$621,877$900,195
50$950,649$674,651$606,627$941,115
51$1,010,396$670,489$589,730$985,214
52$1,075,065$664,952$571,094$1,032,809
53$1,145,121$657,933$550,625$1,084,245
54$1,221,074$649,324$528,222$1,139,907
55$1,303,489$639,005$503,782$1,200,217
56$1,392,982$626,854$477,197$1,265,640
57$1,490,235$612,738$448,351$1,336,692
58$1,595,995$596,519$417,127$1,413,941
59$1,711,086$578,048$383,401$1,498,013
60$1,836,414$557,169$347,041$1,589,598
61$1,972,975$533,717$307,914$1,689,461
62$2,121,867$507,518$265,878$1,798,441
63$2,284,297$478,386$220,784$1,917,467
64$2,461,593$446,125$172,479$2,047,563
65$2,655,219$410,529$120,801$2,189,859
66$2,866,785$371,378$65,581$2,345,599
67$3,098,065$328,443$6,645$2,516,159
68$3,351,008$281,478$0$2,703,054
69$3,627,766$230,225$0$2,921,161
70$3,930,704$174,412$0$3,161,642
71$4,262,429$113,751$0$3,425,017
72$4,625,809$47,937$0$3,713,578
73$5,024,005$0$0$4,029,850
74$5,460,498$0$0$4,377,900
75$5,939,120$0$0$4,762,464
76$6,464,094$0$0$5,184,302
77$7,040,069$0$0$5,647,154
78$7,672,169$0$0$6,155,139
79$8,366,033$0$0$6,712,795
80$9,127,878$0$0$7,325,123
81$9,964,549$0$0$7,997,628
82$10,883,588$0$0$8,736,376
83$11,893,302$0$0$9,548,051
84$13,002,845$0$0$10,440,015
85$14,222,298$0$0$11,420,379
86$15,562,769$0$0$12,498,076
87$17,036,498$0$0$13,682,953
88$18,656,966$0$0$14,985,855
89$20,439,028$0$0$16,418,731
90$22,399,051$0$0$17,994,746
91$24,555,067$0$0$19,728,405
92$26,926,942$0$0$21,635,691
93$29,536,567$0$0$23,734,213
94$32,408,061$0$0$26,043,371
95$35,567,998$0$0$28,584,545
96$39,045,660$0$0$31,381,287
97$42,873,310$0$0$34,459,552
98$47,086,497$0$0$37,847,938
99$51,724,392$0$0$41,577,955
100$56,830,158$0$0$45,684,323