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%13.7%
1 years$53,181$52,707$52,245$51,794$51,353$50,565
2 years$26,327$25,837$25,362$24,901$24,454$23,662
3 years$17,377$16,885$16,411$15,954$15,515$14,743
4 years$12,903$12,412$11,943$11,494$11,065$10,320
5 years$10,219$9,731$9,268$8,829$8,412$7,695
6 years$8,431$7,946$7,490$7,060$6,656$5,969
7 years$7,153$6,673$6,224$5,805$5,413$4,756
8 years$6,196$5,720$5,279$4,869$4,491$3,863
9 years$5,452$4,980$4,546$4,148$3,782$3,184
10 years$4,857$4,390$3,964$3,575$3,222$2,653
11 years$4,370$3,908$3,490$3,112$2,771$2,231
12 years$3,965$3,508$3,097$2,729$2,401$1,889
13 years$3,623$3,170$2,767$2,410$2,094$1,608
14 years$3,329$2,881$2,486$2,139$1,836$1,376
15 years$3,075$2,632$2,245$1,908$1,616$1,182
16 years$2,853$2,415$2,035$1,708$1,428$1,019
17 years$2,657$2,224$1,852$1,535$1,267$880
18 years$2,484$2,055$1,690$1,383$1,126$762
19 years$2,328$1,905$1,548$1,250$1,004$662
20 years$2,189$1,770$1,420$1,132$897$575
21 years$2,063$1,649$1,306$1,027$802$501
22 years$1,948$1,539$1,204$934$719$437
23 years$1,844$1,439$1,112$851$646$381
24 years$1,748$1,349$1,028$776$580$333
25 years$1,660$1,266$952$708$522$291
26 years$1,579$1,189$883$648$470$255
27 years$1,505$1,119$820$593$424$223
28 years$1,435$1,055$762$543$383$196
29 years$1,371$995$709$498$346$171
30 years$1,311$940$661$457$312$150
31 years$1,255$888$616$420$282$132
32 years$1,202$841$575$386$255$116
33 years$1,153$796$537$355$231$102
34 years$1,107$754$501$327$209$89
35 years$1,064$716$469$301$189$78
36 years$1,023$679$439$277$172$69
37 years$984$645$411$255$156$60
38 years$948$613$384$235$141$53
39 years$913$583$360$217$128$47
40 years$880$555$338$200$116$41
41 years$849$528$317$184$105$36
42 years$820$503$297$170$96$32
43 years$792$479$279$157$87$28
44 years$765$457$262$145$79$24
45 years$740$435$246$134$71$22
46 years$715$415$231$124$65$19
47 years$692$396$217$114$59$17
48 years$670$378$204$106$53$15
49 years$649$361$191$98$49$13
50 years$629$345$180$90$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $644,000, adding $2,288 every year, while hoping to spend $26,770 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: 65/9/26 Blend
44$644,000$644,000$644,000$644,000
45$712,048$677,916$667,934$753,335
46$756,194$682,651$661,827$786,212
47$803,945$686,720$654,618$818,935
48$855,642$690,064$646,242$854,104
49$911,657$692,617$636,630$891,962
50$972,401$694,310$625,712$932,777
51$1,038,325$695,070$613,413$976,846
52$1,109,926$694,820$599,654$1,024,496
53$1,187,749$693,477$584,353$1,076,088
54$1,272,395$690,953$567,425$1,132,021
55$1,364,526$687,156$548,779$1,192,737
56$1,464,867$681,987$528,324$1,258,721
57$1,574,220$675,341$505,959$1,330,511
58$1,693,465$667,107$481,583$1,408,699
59$1,823,572$657,168$455,089$1,493,940
60$1,965,606$645,399$426,364$1,586,956
61$2,120,743$631,669$395,293$1,688,545
62$2,290,275$615,837$361,751$1,799,587
63$2,475,626$597,756$325,613$1,921,053
64$2,678,362$577,268$286,743$2,054,015
65$2,900,209$554,209$245,003$2,199,656
66$3,143,068$528,402$200,248$2,359,281
67$3,409,030$499,663$152,325$2,534,331
68$3,700,398$467,794$101,076$2,726,396
69$4,019,712$432,589$46,335$2,937,228
70$4,369,764$393,828$0$3,168,762
71$4,753,633$351,278$0$3,426,485
72$5,174,709$304,696$0$3,723,335
73$5,636,725$253,821$0$4,049,093
74$6,143,793$198,381$0$4,406,680
75$6,700,445$138,086$0$4,799,312
76$7,311,669$72,631$0$5,230,535
77$7,982,963$1,694$0$5,704,255
78$8,720,383$0$0$6,224,778
79$9,530,599$0$0$6,804,281
80$10,420,960$0$0$7,441,338
81$11,399,562$0$0$8,141,580
82$12,475,326$0$0$8,911,396
83$13,658,077$0$0$9,757,823
84$14,958,642$0$0$10,688,616
85$16,388,949$0$0$11,712,318
86$17,962,140$0$0$12,838,341
87$19,692,694$0$0$14,077,057
88$21,596,565$0$0$15,439,892
89$23,691,330$0$0$16,939,436
90$25,996,356$0$0$18,589,560
91$28,532,983$0$0$20,405,550
92$31,324,724$0$0$22,404,246
93$34,397,485$0$0$24,604,205
94$37,779,814$0$0$27,025,874
95$41,503,165$0$0$29,691,782
96$45,602,196$0$0$32,626,755
97$50,115,098$0$0$35,858,146
98$55,083,953$0$0$39,416,099
99$60,555,131$0$0$43,333,827
100$66,579,725$0$0$47,647,927