Can I retire at age 45 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$53,346$52,871$52,407$51,955$51,513$50,996
2 years$26,409$25,917$25,440$24,978$24,530$24,010
3 years$17,431$16,937$16,462$16,004$15,563$15,055
4 years$12,943$12,451$11,980$11,530$11,100$10,608
5 years$10,251$9,761$9,297$8,856$8,438$7,964
6 years$8,457$7,971$7,513$7,082$6,676$6,221
7 years$7,176$6,694$6,244$5,823$5,430$4,993
8 years$6,215$5,738$5,295$4,885$4,504$4,086
9 years$5,469$4,996$4,561$4,161$3,793$3,393
10 years$4,872$4,404$3,976$3,586$3,232$2,850
11 years$4,384$3,920$3,500$3,121$2,780$2,416
12 years$3,977$3,519$3,107$2,738$2,409$2,062
13 years$3,634$3,180$2,775$2,417$2,101$1,771
14 years$3,340$2,890$2,494$2,146$1,841$1,528
15 years$3,085$2,640$2,252$1,913$1,621$1,325
16 years$2,862$2,423$2,041$1,713$1,433$1,152
17 years$2,666$2,231$1,858$1,539$1,271$1,005
18 years$2,491$2,062$1,696$1,387$1,130$878
19 years$2,336$1,911$1,552$1,254$1,007$770
20 years$2,196$1,775$1,425$1,135$899$676
21 years$2,069$1,654$1,310$1,030$805$594
22 years$1,954$1,544$1,208$937$721$523
23 years$1,849$1,444$1,115$853$648$461
24 years$1,754$1,353$1,031$778$582$407
25 years$1,665$1,270$955$711$524$360
26 years$1,584$1,193$886$650$472$318
27 years$1,509$1,123$823$595$425$281
28 years$1,440$1,058$765$545$384$249
29 years$1,375$998$712$500$347$221
30 years$1,315$943$663$459$313$196
31 years$1,259$891$618$421$283$173
32 years$1,206$843$577$387$256$154
33 years$1,157$799$538$356$232$136
34 years$1,111$757$503$328$210$121
35 years$1,067$718$470$302$190$108
36 years$1,026$681$440$278$172$95
37 years$987$647$412$256$156$85
38 years$951$615$386$236$142$75
39 years$916$585$361$217$128$67
40 years$883$556$339$201$116$59
41 years$852$530$318$185$106$53
42 years$822$504$298$171$96$47
43 years$794$481$279$158$87$42
44 years$768$458$262$146$79$37
45 years$742$437$246$134$72$33
46 years$718$417$231$124$65$29
47 years$694$398$217$115$59$26
48 years$672$380$204$106$54$23
49 years$651$363$192$98$49$21
50 years$631$346$181$91$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $646,000, adding $2,836 every year, while hoping to spend $28,517 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: 53/42/5 Blend
44$646,000$646,000$646,000$646,000
45$714,817$680,579$670,566$751,774
46$757,387$683,586$662,688$780,094
47$803,343$685,784$653,591$807,506
48$853,000$687,104$643,203$836,629
49$906,706$687,471$631,449$867,628
50$964,840$686,808$618,254$900,688
51$1,027,823$685,030$603,534$936,012
52$1,096,113$682,049$587,205$973,826
53$1,170,218$677,771$569,177$1,014,379
54$1,250,694$672,096$549,358$1,057,948
55$1,338,153$664,917$527,651$1,104,838
56$1,433,270$656,123$503,952$1,155,390
57$1,536,786$645,595$478,157$1,209,977
58$1,649,516$633,207$450,153$1,269,016
59$1,772,357$618,825$419,824$1,332,965
60$1,906,298$602,308$387,048$1,402,333
61$2,052,426$583,507$351,700$1,477,682
62$2,211,936$562,262$313,645$1,559,636
63$2,386,147$538,406$272,745$1,648,881
64$2,576,508$511,762$228,856$1,746,180
65$2,784,616$482,142$181,827$1,852,375
66$3,012,227$449,347$131,499$1,968,396
67$3,261,278$413,169$77,708$2,095,273
68$3,533,899$373,385$20,281$2,234,144
69$3,832,436$329,760$0$2,386,267
70$4,159,474$282,047$0$2,555,220
71$4,517,857$229,985$0$2,741,649
72$4,910,720$173,296$0$2,946,180
73$5,341,514$111,688$0$3,170,700
74$5,814,042$44,854$0$3,417,293
75$6,332,489$0$0$3,688,261
76$6,901,469$0$0$3,998,872
77$7,526,061$0$0$4,362,663
78$8,211,862$0$0$4,762,173
79$8,965,036$0$0$5,200,999
80$9,792,374$0$0$5,683,108
81$10,701,358$0$0$6,212,867
82$11,700,227$0$0$6,795,090
83$12,798,062$0$0$7,435,077
84$14,004,865$0$0$8,138,670
85$15,331,656$0$0$8,912,304
86$16,790,577$0$0$9,763,068
87$18,395,002$0$0$10,698,775
88$20,159,670$0$0$11,728,029
89$22,100,819$0$0$12,860,314
90$24,236,337$0$0$14,106,076
91$26,585,937$0$0$15,476,827
92$29,171,338$0$0$16,985,251
93$32,016,469$0$0$18,645,323
94$35,147,697$0$0$20,472,440
95$38,594,076$0$0$22,483,570
96$42,387,616$0$0$24,697,409
97$46,563,591$0$0$27,134,554
98$51,160,868$0$0$29,817,706
99$56,222,272$0$0$32,771,876
100$61,794,994$0$0$36,024,623