Can I retire at age 45 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$53,263$52,789$52,326$51,874$51,433$49,510
2 years$26,368$25,877$25,401$24,940$24,492$22,576
3 years$17,404$16,911$16,436$15,979$15,539$13,691
4 years$12,923$12,431$11,961$11,512$11,082$9,317
5 years$10,235$9,746$9,282$8,842$8,425$6,745
6 years$8,444$7,959$7,502$7,071$6,666$5,075
7 years$7,165$6,684$6,234$5,814$5,421$3,917
8 years$6,206$5,729$5,287$4,877$4,498$3,079
9 years$5,460$4,988$4,554$4,154$3,788$2,453
10 years$4,864$4,397$3,970$3,581$3,227$1,974
11 years$4,377$3,914$3,495$3,116$2,775$1,601
12 years$3,971$3,513$3,102$2,734$2,405$1,307
13 years$3,628$3,175$2,771$2,413$2,097$1,072
14 years$3,334$2,886$2,490$2,142$1,839$882
15 years$3,080$2,636$2,248$1,911$1,619$729
16 years$2,858$2,419$2,038$1,711$1,431$603
17 years$2,662$2,228$1,855$1,537$1,269$501
18 years$2,488$2,058$1,693$1,385$1,128$416
19 years$2,332$1,908$1,550$1,252$1,005$346
20 years$2,192$1,773$1,422$1,134$898$289
21 years$2,066$1,651$1,308$1,029$804$241
22 years$1,951$1,541$1,206$935$720$201
23 years$1,847$1,442$1,113$852$647$168
24 years$1,751$1,351$1,030$777$581$140
25 years$1,663$1,268$954$710$523$117
26 years$1,582$1,191$885$649$471$98
27 years$1,507$1,121$821$594$425$82
28 years$1,438$1,056$764$544$383$69
29 years$1,373$997$711$499$346$58
30 years$1,313$941$662$458$313$48
31 years$1,257$890$617$421$283$40
32 years$1,204$842$576$387$256$34
33 years$1,155$797$538$355$231$28
34 years$1,109$756$502$327$210$24
35 years$1,065$717$470$301$190$20
36 years$1,024$680$439$277$172$17
37 years$986$646$411$255$156$14
38 years$949$614$385$235$141$12
39 years$915$584$361$217$128$10
40 years$882$556$338$200$116$8
41 years$851$529$317$185$105$7
42 years$821$504$297$171$96$6
43 years$793$480$279$157$87$5
44 years$766$457$262$145$79$4
45 years$741$436$246$134$72$3
46 years$717$416$231$124$65$3
47 years$693$397$217$115$59$2
48 years$671$379$204$106$54$2
49 years$650$362$192$98$49$2
50 years$630$346$180$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $645,000, adding $4,136 every year, while hoping to spend $55,511 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: 49/23/28 Blend
44$645,000$645,000$645,000$645,000
45$715,056$680,871$670,874$744,226
46$728,929$655,171$634,285$739,401
47$742,356$626,350$594,610$728,348
48$755,233$594,199$551,686$715,259
49$767,444$558,492$505,345$699,967
50$778,860$518,994$455,410$682,295
51$789,333$475,454$401,696$662,051
52$798,701$427,608$344,009$639,026
53$806,785$375,177$282,149$612,998
54$813,381$317,865$215,906$583,726
55$818,266$255,360$145,058$550,950
56$821,189$187,333$69,378$514,389
57$821,874$113,435$0$473,740
58$820,012$33,300$0$432,079
59$815,260$0$0$407,989
60$807,239$0$0$393,950
61$795,528$0$0$386,305
62$779,660$0$0$376,373
63$759,117$0$0$363,875
64$733,327$0$0$348,499
65$701,655$0$0$329,901
66$663,399$0$0$307,700
67$617,781$0$0$281,476
68$563,942$0$0$250,762
69$500,929$0$0$215,044
70$427,693$0$0$173,751
71$343,071$0$0$126,255
72$245,777$0$0$71,860
73$134,392$0$0$9,797
74$7,347$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