Can I retire at age 45 with 647,000?

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 $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%14%
1 years$53,429$52,953$52,488$52,035$51,593$50,738
2 years$26,450$25,957$25,480$25,017$24,568$23,709
3 years$17,458$16,963$16,487$16,029$15,587$14,751
4 years$12,963$12,470$11,998$11,548$11,117$10,310
5 years$10,267$9,777$9,311$8,870$8,451$7,676
6 years$8,470$7,983$7,525$7,093$6,687$5,944
7 years$7,187$6,704$6,253$5,832$5,438$4,728
8 years$6,225$5,747$5,303$4,892$4,511$3,834
9 years$5,477$5,004$4,568$4,167$3,799$3,154
10 years$4,879$4,410$3,982$3,592$3,237$2,624
11 years$4,391$3,926$3,506$3,126$2,784$2,202
12 years$3,984$3,524$3,111$2,742$2,413$1,861
13 years$3,639$3,185$2,780$2,421$2,104$1,581
14 years$3,345$2,895$2,498$2,149$1,844$1,350
15 years$3,090$2,645$2,255$1,916$1,624$1,157
16 years$2,866$2,426$2,045$1,716$1,435$995
17 years$2,670$2,235$1,860$1,542$1,272$858
18 years$2,495$2,065$1,698$1,389$1,131$742
19 years$2,339$1,914$1,555$1,255$1,008$643
20 years$2,199$1,778$1,427$1,137$901$557
21 years$2,072$1,656$1,312$1,032$806$484
22 years$1,957$1,546$1,210$938$723$421
23 years$1,852$1,446$1,117$855$649$367
24 years$1,756$1,355$1,033$779$583$320
25 years$1,668$1,271$957$712$525$279
26 years$1,587$1,195$887$651$473$244
27 years$1,512$1,125$824$596$426$213
28 years$1,442$1,060$766$546$384$186
29 years$1,377$1,000$713$501$347$163
30 years$1,317$944$664$459$314$142
31 years$1,261$893$619$422$284$124
32 years$1,208$845$577$388$257$109
33 years$1,159$800$539$357$232$95
34 years$1,112$758$504$328$210$84
35 years$1,069$719$471$302$190$73
36 years$1,028$682$441$278$172$64
37 years$989$648$412$256$156$56
38 years$952$616$386$236$142$49
39 years$917$586$362$218$129$43
40 years$885$557$339$201$117$38
41 years$853$530$318$185$106$33
42 years$824$505$298$171$96$29
43 years$796$481$280$158$87$25
44 years$769$459$263$146$79$22
45 years$743$438$247$135$72$20
46 years$719$417$232$124$65$17
47 years$696$398$218$115$59$15
48 years$673$380$205$106$54$13
49 years$652$363$192$98$49$12
50 years$632$347$181$91$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $647,000, adding $4,320 every year, while hoping to spend $48,525 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: 43/33/24 Blend
44$647,000$647,000$647,000$647,000
45$717,450$683,159$673,131$743,120
46$739,000$665,004$644,050$743,651
47$761,121$644,332$612,369$739,231
48$783,821$620,970$577,950$733,477
49$807,107$594,733$540,646$726,293
50$830,982$565,426$500,308$717,578
51$855,451$532,841$456,778$707,221
52$880,518$496,760$409,890$695,108
53$906,182$456,953$359,473$681,117
54$932,443$413,174$305,346$665,118
55$959,298$365,166$247,321$646,974
56$986,742$312,655$185,202$626,539
57$1,014,769$255,353$118,785$603,661
58$1,043,366$192,957$47,855$578,174
59$1,072,520$125,143$0$549,907
60$1,102,215$51,572$0$525,804
61$1,132,427$0$0$512,084
62$1,163,132$0$0$506,543
63$1,194,297$0$0$519,906
64$1,225,885$0$0$533,424
65$1,257,853$0$0$547,077
66$1,290,151$0$0$560,839
67$1,322,718$0$0$574,681
68$1,355,488$0$0$588,568
69$1,388,383$0$0$602,462
70$1,421,314$0$0$616,321
71$1,454,180$0$0$630,094
72$1,486,868$0$0$643,725
73$1,519,247$0$0$657,151
74$1,551,171$0$0$670,302
75$1,582,476$0$0$683,097
76$1,612,976$0$0$695,446
77$1,642,463$0$0$707,250
78$1,670,704$0$0$718,394
79$1,697,439$0$0$728,754
80$1,722,374$0$0$738,189
81$1,745,185$0$0$746,541
82$1,765,506$0$0$753,637
83$1,782,934$0$0$759,282
84$1,797,015$0$0$763,259
85$1,807,248$0$0$765,327
86$1,813,072$0$0$765,219
87$1,813,868$0$0$762,637
88$1,808,945$0$0$757,253
89$1,797,536$0$0$748,699
90$1,778,792$0$0$736,570
91$1,751,771$0$0$720,416
92$1,715,427$0$0$699,739
93$1,668,602$0$0$673,987
94$1,610,015$0$0$642,549
95$1,538,244$0$0$604,748
96$1,451,720$0$0$559,836
97$1,348,702$0$0$506,986
98$1,227,268$0$0$445,281
99$1,085,288$0$0$373,710
100$920,410$0$0$291,154