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%14.8%
1 years$53,263$52,789$52,326$51,874$51,433$50,415
2 years$26,368$25,877$25,401$24,940$24,492$23,471
3 years$17,404$16,911$16,436$15,979$15,539$14,546
4 years$12,923$12,431$11,961$11,512$11,082$10,126
5 years$10,235$9,746$9,282$8,842$8,425$7,507
6 years$8,444$7,959$7,502$7,071$6,666$5,788
7 years$7,165$6,684$6,234$5,814$5,421$4,584
8 years$6,206$5,729$5,287$4,877$4,498$3,700
9 years$5,460$4,988$4,554$4,154$3,788$3,029
10 years$4,864$4,397$3,970$3,581$3,227$2,507
11 years$4,377$3,914$3,495$3,116$2,775$2,093
12 years$3,971$3,513$3,102$2,734$2,405$1,760
13 years$3,628$3,175$2,771$2,413$2,097$1,488
14 years$3,334$2,886$2,490$2,142$1,839$1,264
15 years$3,080$2,636$2,248$1,911$1,619$1,077
16 years$2,858$2,419$2,038$1,711$1,431$921
17 years$2,662$2,228$1,855$1,537$1,269$790
18 years$2,488$2,058$1,693$1,385$1,128$679
19 years$2,332$1,908$1,550$1,252$1,005$584
20 years$2,192$1,773$1,422$1,134$898$504
21 years$2,066$1,651$1,308$1,029$804$435
22 years$1,951$1,541$1,206$935$720$376
23 years$1,847$1,442$1,113$852$647$326
24 years$1,751$1,351$1,030$777$581$282
25 years$1,663$1,268$954$710$523$245
26 years$1,582$1,191$885$649$471$212
27 years$1,507$1,121$821$594$425$184
28 years$1,438$1,056$764$544$383$160
29 years$1,373$997$711$499$346$139
30 years$1,313$941$662$458$313$121
31 years$1,257$890$617$421$283$105
32 years$1,204$842$576$387$256$91
33 years$1,155$797$538$355$231$79
34 years$1,109$756$502$327$210$69
35 years$1,065$717$470$301$190$60
36 years$1,024$680$439$277$172$52
37 years$986$646$411$255$156$45
38 years$949$614$385$235$141$40
39 years$915$584$361$217$128$34
40 years$882$556$338$200$116$30
41 years$851$529$317$185$105$26
42 years$821$504$297$171$96$23
43 years$793$480$279$157$87$20
44 years$766$457$262$145$79$17
45 years$741$436$246$134$72$15
46 years$717$416$231$124$65$13
47 years$693$397$217$115$59$11
48 years$671$379$204$106$54$10
49 years$650$362$192$98$49$9
50 years$630$346$180$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $645,000, adding $4,989 every year, while hoping to spend $31,556 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: 62/26/12 Blend
44$645,000$645,000$645,000$645,000
45$715,936$681,751$671,754$757,996
46$755,386$681,582$660,682$786,629
47$797,803$680,346$648,182$813,807
48$843,455$677,959$634,172$842,697
49$892,638$674,330$618,568$873,465
50$945,677$669,362$601,280$906,298
51$1,002,929$662,954$582,215$941,398
52$1,064,785$654,996$561,277$978,993
53$1,131,677$645,375$538,364$1,019,332
54$1,204,078$633,968$513,369$1,062,693
55$1,282,508$620,646$486,181$1,109,383
56$1,367,540$605,274$456,684$1,159,741
57$1,459,803$587,707$424,757$1,214,143
58$1,559,989$567,791$390,272$1,273,005
59$1,668,860$545,364$353,098$1,336,786
60$1,787,253$520,256$313,096$1,405,994
61$1,916,089$492,285$270,121$1,481,192
62$2,056,382$461,259$224,023$1,563,001
63$2,209,248$426,976$174,642$1,652,110
64$2,375,914$389,221$121,816$1,749,278
65$2,557,733$347,767$65,372$1,855,345
66$2,756,190$302,376$5,130$1,971,240
67$2,972,923$252,794$0$2,097,990
68$3,209,734$198,754$0$2,244,303
69$3,468,608$139,974$0$2,405,052
70$3,751,728$76,155$0$2,580,990
71$4,061,500$6,983$0$2,773,675
72$4,400,573$0$0$2,984,825
73$4,771,862$0$0$3,235,756
74$5,178,579$0$0$3,512,867
75$5,624,261$0$0$3,816,577
76$6,112,803$0$0$4,149,545
77$6,648,494$0$0$4,514,701
78$7,236,060$0$0$4,915,273
79$7,880,704$0$0$5,354,816
80$8,588,158$0$0$5,837,245
81$9,364,737$0$0$6,366,873
82$10,217,396$0$0$6,948,452
83$11,153,796$0$0$7,587,214
84$12,182,376$0$0$8,288,926
85$13,312,435$0$0$9,059,939
86$14,554,215$0$0$9,907,249
87$15,918,999$0$0$10,838,566
88$17,419,220$0$0$11,862,382
89$19,068,572$0$0$12,988,053
90$20,882,145$0$0$14,225,887
91$22,876,562$0$0$15,587,242
92$25,070,140$0$0$17,084,629
93$27,483,058$0$0$18,731,836
94$30,137,550$0$0$20,544,052
95$33,058,114$0$0$22,538,014
96$36,271,741$0$0$24,732,161
97$39,808,172$0$0$27,146,813
98$43,700,175$0$0$29,804,356
99$47,983,857$0$0$32,729,458
100$52,699,002$0$0$35,949,300