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%15.4%
1 years$53,263$52,789$52,326$51,874$51,433$50,292
2 years$26,368$25,877$25,401$24,940$24,492$23,348
3 years$17,404$16,911$16,436$15,979$15,539$14,428
4 years$12,923$12,431$11,961$11,512$11,082$10,013
5 years$10,235$9,746$9,282$8,842$8,425$7,400
6 years$8,444$7,959$7,502$7,071$6,666$5,687
7 years$7,165$6,684$6,234$5,814$5,421$4,489
8 years$6,206$5,729$5,287$4,877$4,498$3,610
9 years$5,460$4,988$4,554$4,154$3,788$2,945
10 years$4,864$4,397$3,970$3,581$3,227$2,429
11 years$4,377$3,914$3,495$3,116$2,775$2,020
12 years$3,971$3,513$3,102$2,734$2,405$1,692
13 years$3,628$3,175$2,771$2,413$2,097$1,425
14 years$3,334$2,886$2,490$2,142$1,839$1,205
15 years$3,080$2,636$2,248$1,911$1,619$1,023
16 years$2,858$2,419$2,038$1,711$1,431$871
17 years$2,662$2,228$1,855$1,537$1,269$744
18 years$2,488$2,058$1,693$1,385$1,128$636
19 years$2,332$1,908$1,550$1,252$1,005$545
20 years$2,192$1,773$1,422$1,134$898$468
21 years$2,066$1,651$1,308$1,029$804$402
22 years$1,951$1,541$1,206$935$720$346
23 years$1,847$1,442$1,113$852$647$298
24 years$1,751$1,351$1,030$777$581$257
25 years$1,663$1,268$954$710$523$222
26 years$1,582$1,191$885$649$471$192
27 years$1,507$1,121$821$594$425$165
28 years$1,438$1,056$764$544$383$143
29 years$1,373$997$711$499$346$124
30 years$1,313$941$662$458$313$107
31 years$1,257$890$617$421$283$92
32 years$1,204$842$576$387$256$80
33 years$1,155$797$538$355$231$69
34 years$1,109$756$502$327$210$60
35 years$1,065$717$470$301$190$52
36 years$1,024$680$439$277$172$45
37 years$986$646$411$255$156$39
38 years$949$614$385$235$141$34
39 years$915$584$361$217$128$29
40 years$882$556$338$200$116$25
41 years$851$529$317$185$105$22
42 years$821$504$297$171$96$19
43 years$793$480$279$157$87$16
44 years$766$457$262$145$79$14
45 years$741$436$246$134$72$12
46 years$717$416$231$124$65$11
47 years$693$397$217$115$59$9
48 years$671$379$204$106$54$8
49 years$650$362$192$98$49$7
50 years$630$346$180$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $645,000, adding $3,394 every year, while hoping to spend $35,897 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: 63/27/10 Blend
44$645,000$645,000$645,000$645,000
45$714,291$680,106$670,108$757,503
46$748,954$675,237$654,363$781,933
47$785,951$668,926$636,887$804,121
48$825,479$661,065$617,584$827,443
49$867,760$651,539$596,355$852,008
50$913,032$640,226$573,094$877,938
51$961,561$626,996$547,692$905,367
52$1,013,634$611,713$520,034$934,446
53$1,069,570$594,232$490,000$965,342
54$1,129,717$574,400$457,465$998,241
55$1,194,456$552,054$422,299$1,033,348
56$1,264,208$527,022$384,364$1,070,892
57$1,339,435$499,124$343,517$1,111,128
58$1,420,642$468,166$299,610$1,154,338
59$1,508,387$433,945$252,486$1,200,835
60$1,603,282$396,247$201,983$1,250,965
61$1,705,998$354,845$147,931$1,305,114
62$1,817,276$309,498$90,153$1,363,710
63$1,937,927$259,954$28,463$1,427,225
64$2,068,847$205,943$0$1,496,185
65$2,211,018$147,182$0$1,575,158
66$2,365,522$83,374$0$1,664,303
67$2,533,548$14,202$0$1,761,315
68$2,716,405$0$0$1,867,008
69$2,915,534$0$0$2,000,307
70$3,132,518$0$0$2,150,200
71$3,369,101$0$0$2,313,676
72$3,627,204$0$0$2,492,068
73$3,908,939$0$0$2,686,842
74$4,216,631$0$0$2,899,610
75$4,552,841$0$0$3,132,150
76$4,920,386$0$0$3,386,418
77$5,322,371$0$0$3,664,567
78$5,762,211$0$0$3,968,969
79$6,243,670$0$0$4,302,234
80$6,770,889$0$0$4,667,237
81$7,348,430$0$0$5,067,146
82$7,981,319$0$0$5,505,446
83$8,675,088$0$0$5,985,978
84$9,435,831$0$0$6,512,973
85$10,270,260$0$0$7,091,088
86$11,185,769$0$0$7,725,456
87$12,190,499$0$0$8,421,728
88$13,293,421$0$0$9,186,131
89$14,504,414$0$0$10,025,522
90$15,834,364$0$0$10,947,457
91$17,295,259$0$0$11,960,259
92$18,900,308$0$0$13,073,095
93$20,664,062$0$0$14,296,066
94$22,602,550$0$0$15,640,301
95$24,733,432$0$0$17,118,057
96$27,076,165$0$0$18,742,841
97$29,652,184$0$0$20,529,534
98$32,485,107$0$0$22,494,530
99$35,600,951$0$0$24,655,891
100$39,028,387$0$0$27,033,519