Can I retire at age 45 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$53,429$52,953$52,488$52,035$51,593$49,861
2 years$26,450$25,957$25,480$25,017$24,568$22,841
3 years$17,458$16,963$16,487$16,029$15,587$13,918
4 years$12,963$12,470$11,998$11,548$11,117$9,519
5 years$10,267$9,777$9,311$8,870$8,451$6,928
6 years$8,470$7,983$7,525$7,093$6,687$5,241
7 years$7,187$6,704$6,253$5,832$5,438$4,069
8 years$6,225$5,747$5,303$4,892$4,511$3,217
9 years$5,477$5,004$4,568$4,167$3,799$2,579
10 years$4,879$4,410$3,982$3,592$3,237$2,089
11 years$4,391$3,926$3,506$3,126$2,784$1,705
12 years$3,984$3,524$3,111$2,742$2,413$1,401
13 years$3,639$3,185$2,780$2,421$2,104$1,157
14 years$3,345$2,895$2,498$2,149$1,844$959
15 years$3,090$2,645$2,255$1,916$1,624$798
16 years$2,866$2,426$2,045$1,716$1,435$665
17 years$2,670$2,235$1,860$1,542$1,272$556
18 years$2,495$2,065$1,698$1,389$1,131$466
19 years$2,339$1,914$1,555$1,255$1,008$391
20 years$2,199$1,778$1,427$1,137$901$328
21 years$2,072$1,656$1,312$1,032$806$276
22 years$1,957$1,546$1,210$938$723$232
23 years$1,852$1,446$1,117$855$649$195
24 years$1,756$1,355$1,033$779$583$165
25 years$1,668$1,271$957$712$525$139
26 years$1,587$1,195$887$651$473$117
27 years$1,512$1,125$824$596$426$99
28 years$1,442$1,060$766$546$384$83
29 years$1,377$1,000$713$501$347$70
30 years$1,317$944$664$459$314$59
31 years$1,261$893$619$422$284$50
32 years$1,208$845$577$388$257$42
33 years$1,159$800$539$357$232$36
34 years$1,112$758$504$328$210$30
35 years$1,069$719$471$302$190$26
36 years$1,028$682$441$278$172$22
37 years$989$648$412$256$156$18
38 years$952$616$386$236$142$15
39 years$917$586$362$218$129$13
40 years$885$557$339$201$117$11
41 years$853$530$318$185$106$9
42 years$824$505$298$171$96$8
43 years$796$481$280$158$87$7
44 years$769$459$263$146$79$6
45 years$743$438$247$135$72$5
46 years$719$417$232$124$65$4
47 years$696$398$218$115$59$3
48 years$673$380$205$106$54$3
49 years$652$363$192$98$49$2
50 years$632$347$181$91$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $647,000, adding $4,881 every year, while hoping to spend $26,197 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: 52/33/15 Blend
44$647,000$647,000$647,000$647,000
45$718,029$683,738$673,709$752,217
46$763,394$689,367$668,405$781,782
47$812,509$694,395$662,045$810,747
48$865,728$698,763$654,567$841,663
49$923,441$702,411$645,903$874,724
50$986,077$705,275$635,986$910,143
51$1,054,108$707,284$624,743$948,154
52$1,128,053$708,367$612,098$989,018
53$1,208,482$708,445$597,971$1,033,023
54$1,296,025$707,436$582,280$1,080,487
55$1,391,371$705,253$564,939$1,131,764
56$1,495,283$701,802$545,856$1,187,242
57$1,608,596$696,984$524,936$1,247,353
58$1,732,231$690,695$502,080$1,312,573
59$1,867,204$682,825$477,185$1,383,429
60$2,014,630$673,254$450,142$1,460,502
61$2,175,738$661,859$420,838$1,544,436
62$2,351,881$648,508$389,154$1,635,943
63$2,544,549$633,061$354,966$1,735,809
64$2,755,381$615,369$318,145$1,844,902
65$2,986,183$595,275$278,556$1,964,182
66$3,238,945$572,614$236,059$2,094,709
67$3,515,855$547,211$190,505$2,237,655
68$3,819,327$518,878$141,741$2,394,314
69$4,152,015$487,420$89,606$2,566,115
70$4,516,846$452,629$33,933$2,754,636
71$4,917,041$414,285$0$2,961,621
72$5,356,149$372,155$0$3,193,073
73$5,838,081$325,995$0$3,453,101
74$6,367,140$275,544$0$3,738,645
75$6,948,072$220,529$0$4,052,328
76$7,586,100$160,659$0$4,397,044
77$8,286,981$95,630$0$4,775,986
78$9,057,055$25,118$0$5,192,675
79$9,903,308$0$0$5,650,995
80$10,833,435$0$0$6,173,831
81$11,855,915$0$0$6,758,677
82$12,980,089$0$0$7,401,763
83$14,216,246$0$0$8,108,986
84$15,575,726$0$0$8,886,841
85$17,071,019$0$0$9,742,486
86$18,715,889$0$0$10,683,805
87$20,525,500$0$0$11,719,489
88$22,516,560$0$0$12,859,109
89$24,707,478$0$0$14,113,213
90$27,118,538$0$0$15,493,424
91$29,772,089$0$0$17,012,548
92$32,692,758$0$0$18,684,694
93$35,907,678$0$0$20,525,411
94$39,446,748$0$0$22,551,829
95$43,342,912$0$0$24,782,826
96$47,632,472$0$0$27,239,202
97$52,355,428$0$0$29,943,877
98$57,555,855$0$0$32,922,107
99$63,282,321$0$0$36,201,720
100$69,588,343$0$0$39,813,383