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%11.5%
1 years$53,181$52,707$52,245$51,794$51,353$51,030
2 years$26,327$25,837$25,362$24,901$24,454$24,128
3 years$17,377$16,885$16,411$15,954$15,515$15,195
4 years$12,903$12,412$11,943$11,494$11,065$10,756
5 years$10,219$9,731$9,268$8,829$8,412$8,113
6 years$8,431$7,946$7,490$7,060$6,656$6,368
7 years$7,153$6,673$6,224$5,805$5,413$5,136
8 years$6,196$5,720$5,279$4,869$4,491$4,225
9 years$5,452$4,980$4,546$4,148$3,782$3,527
10 years$4,857$4,390$3,964$3,575$3,222$2,979
11 years$4,370$3,908$3,490$3,112$2,771$2,539
12 years$3,965$3,508$3,097$2,729$2,401$2,180
13 years$3,623$3,170$2,767$2,410$2,094$1,883
14 years$3,329$2,881$2,486$2,139$1,836$1,634
15 years$3,075$2,632$2,245$1,908$1,616$1,425
16 years$2,853$2,415$2,035$1,708$1,428$1,247
17 years$2,657$2,224$1,852$1,535$1,267$1,094
18 years$2,484$2,055$1,690$1,383$1,126$963
19 years$2,328$1,905$1,548$1,250$1,004$849
20 years$2,189$1,770$1,420$1,132$897$750
21 years$2,063$1,649$1,306$1,027$802$664
22 years$1,948$1,539$1,204$934$719$589
23 years$1,844$1,439$1,112$851$646$523
24 years$1,748$1,349$1,028$776$580$465
25 years$1,660$1,266$952$708$522$413
26 years$1,579$1,189$883$648$470$368
27 years$1,505$1,119$820$593$424$328
28 years$1,435$1,055$762$543$383$292
29 years$1,371$995$709$498$346$261
30 years$1,311$940$661$457$312$233
31 years$1,255$888$616$420$282$208
32 years$1,202$841$575$386$255$186
33 years$1,153$796$537$355$231$166
34 years$1,107$754$501$327$209$149
35 years$1,064$716$469$301$189$133
36 years$1,023$679$439$277$172$119
37 years$984$645$411$255$156$106
38 years$948$613$384$235$141$95
39 years$913$583$360$217$128$85
40 years$880$555$338$200$116$76
41 years$849$528$317$184$105$68
42 years$820$503$297$170$96$61
43 years$792$479$279$157$87$55
44 years$765$457$262$145$79$49
45 years$740$435$246$134$71$44
46 years$715$415$231$124$65$40
47 years$692$396$217$114$59$35
48 years$670$378$204$106$53$32
49 years$649$361$191$98$49$28
50 years$629$345$180$90$44$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $644,000, adding $4,910 every year, while hoping to spend $25,821 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: 53/30/17 Blend
44$644,000$644,000$644,000$644,000
45$714,753$680,621$670,639$749,101
46$760,184$686,498$665,632$779,028
47$809,384$691,797$659,592$808,434
48$862,710$696,464$652,457$839,861
49$920,554$700,439$644,162$873,508
50$983,349$703,658$634,639$909,594
51$1,051,568$706,056$623,818$948,365
52$1,125,736$707,560$611,623$990,090
53$1,206,426$708,096$597,978$1,035,066
54$1,294,272$707,582$582,800$1,083,625
55$1,389,969$705,935$566,005$1,136,131
56$1,494,282$703,063$547,503$1,192,987
57$1,608,056$698,869$527,201$1,254,639
58$1,732,217$693,254$505,002$1,321,580
59$1,867,787$686,107$480,804$1,394,354
60$2,015,890$677,315$454,499$1,473,563
61$2,177,764$666,756$425,978$1,559,872
62$2,354,771$654,302$395,123$1,654,017
63$2,548,411$639,816$361,813$1,756,809
64$2,760,336$623,154$325,921$1,869,146
65$2,992,365$604,164$287,314$1,992,018
66$3,246,501$582,682$245,853$2,126,520
67$3,524,949$558,539$201,395$2,273,862
68$3,830,140$531,553$153,787$2,435,378
69$4,164,747$501,533$102,873$2,612,543
70$4,531,719$468,275$48,486$2,806,987
71$4,934,300$431,566$0$3,020,506
72$5,376,065$391,180$0$3,256,819
73$5,860,952$346,876$0$3,525,883
74$6,393,298$298,401$0$3,821,348
75$6,977,880$245,490$0$4,145,919
76$7,619,963$187,858$0$4,502,582
77$8,325,345$125,208$0$4,894,629
78$9,100,411$57,224$0$5,325,691
79$9,952,200$0$0$5,799,773
80$10,888,463$0$0$6,326,714
81$11,917,740$0$0$6,926,840
82$13,049,442$0$0$7,586,756
83$14,293,933$0$0$8,312,515
84$15,662,637$0$0$9,110,786
85$17,168,136$0$0$9,988,918
86$18,824,296$0$0$10,955,008
87$20,646,391$0$0$12,017,976
88$22,651,253$0$0$13,187,652
89$24,857,428$0$0$14,474,867
90$27,285,349$0$0$15,891,552
91$29,957,530$0$0$17,450,857
92$32,898,780$0$0$19,167,270
93$36,136,433$0$0$21,056,754
94$39,700,608$0$0$23,136,901
95$43,624,495$0$0$25,427,091
96$47,944,663$0$0$27,948,683
97$52,701,407$0$0$30,725,210
98$57,939,131$0$0$33,782,604
99$63,706,761$0$0$37,149,441
100$70,058,212$0$0$40,857,206