Can I retire at age 45 with 645,000?

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 $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%11.1%
1 years$53,263$52,789$52,326$51,874$51,433$51,195
2 years$26,368$25,877$25,401$24,940$24,492$24,252
3 years$17,404$16,911$16,436$15,979$15,539$15,303
4 years$12,923$12,431$11,961$11,512$11,082$10,854
5 years$10,235$9,746$9,282$8,842$8,425$8,204
6 years$8,444$7,959$7,502$7,071$6,666$6,454
7 years$7,165$6,684$6,234$5,814$5,421$5,217
8 years$6,206$5,729$5,287$4,877$4,498$4,301
9 years$5,460$4,988$4,554$4,154$3,788$3,599
10 years$4,864$4,397$3,970$3,581$3,227$3,047
11 years$4,377$3,914$3,495$3,116$2,775$2,603
12 years$3,971$3,513$3,102$2,734$2,405$2,240
13 years$3,628$3,175$2,771$2,413$2,097$1,940
14 years$3,334$2,886$2,490$2,142$1,839$1,689
15 years$3,080$2,636$2,248$1,911$1,619$1,476
16 years$2,858$2,419$2,038$1,711$1,431$1,295
17 years$2,662$2,228$1,855$1,537$1,269$1,140
18 years$2,488$2,058$1,693$1,385$1,128$1,006
19 years$2,332$1,908$1,550$1,252$1,005$889
20 years$2,192$1,773$1,422$1,134$898$788
21 years$2,066$1,651$1,308$1,029$804$700
22 years$1,951$1,541$1,206$935$720$622
23 years$1,847$1,442$1,113$852$647$554
24 years$1,751$1,351$1,030$777$581$494
25 years$1,663$1,268$954$710$523$441
26 years$1,582$1,191$885$649$471$394
27 years$1,507$1,121$821$594$425$352
28 years$1,438$1,056$764$544$383$315
29 years$1,373$997$711$499$346$282
30 years$1,313$941$662$458$313$252
31 years$1,257$890$617$421$283$226
32 years$1,204$842$576$387$256$203
33 years$1,155$797$538$355$231$182
34 years$1,109$756$502$327$210$163
35 years$1,065$717$470$301$190$146
36 years$1,024$680$439$277$172$131
37 years$986$646$411$255$156$118
38 years$949$614$385$235$141$106
39 years$915$584$361$217$128$95
40 years$882$556$338$200$116$86
41 years$851$529$317$185$105$77
42 years$821$504$297$171$96$69
43 years$793$480$279$157$87$62
44 years$766$457$262$145$79$56
45 years$741$436$246$134$72$50
46 years$717$416$231$124$65$45
47 years$693$397$217$115$59$41
48 years$671$379$204$106$54$37
49 years$650$362$192$98$49$33
50 years$630$346$180$90$44$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $645,000, adding $4,536 every year, while hoping to spend $52,777 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: 28/42/30 Blend
44$645,000$645,000$645,000$645,000
45$715,469$681,284$671,286$728,781
46$732,292$658,512$637,620$717,101
47$749,063$632,856$601,057$699,741
48$765,720$604,119$561,445$680,046
49$782,193$572,091$518,624$657,852
50$798,406$536,552$472,426$632,989
51$814,270$497,269$422,679$605,271
52$829,686$453,996$369,199$574,503
53$844,544$406,472$311,798$540,479
54$858,720$354,422$250,275$502,975
55$872,075$297,554$184,425$461,759
56$884,453$235,561$114,030$416,578
57$895,683$168,119$38,865$367,167
58$905,569$94,883$0$313,242
59$913,898$15,493$0$267,736
60$920,429$0$0$231,229
61$924,895$0$0$223,559
62$927,000$0$0$222,261
63$926,415$0$0$220,072
64$922,773$0$0$216,876
65$915,669$0$0$212,546
66$904,651$0$0$206,941
67$889,220$0$0$199,906
68$868,822$0$0$191,266
69$842,844$0$0$180,831
70$810,607$0$0$168,388
71$771,358$0$0$153,702
72$724,265$0$0$136,516
73$668,406$0$0$116,540
74$602,764$0$0$93,460
75$526,210$0$0$66,924
76$437,500$0$0$36,545
77$335,256$0$0$1,896
78$217,957$0$0$0
79$83,921$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