Can I retire at age 45 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$53,511$53,035$52,570$52,116$51,672$50,963
2 years$26,491$25,997$25,519$25,056$24,606$23,893
3 years$17,485$16,990$16,513$16,053$15,611$14,916
4 years$12,983$12,489$12,017$11,566$11,134$10,462
5 years$10,283$9,792$9,326$8,883$8,464$7,818
6 years$8,483$7,996$7,537$7,104$6,697$6,077
7 years$7,198$6,715$6,263$5,841$5,447$4,853
8 years$6,235$5,756$5,311$4,900$4,518$3,951
9 years$5,486$5,011$4,575$4,173$3,805$3,264
10 years$4,887$4,417$3,988$3,598$3,242$2,727
11 years$4,397$3,932$3,511$3,131$2,788$2,298
12 years$3,990$3,530$3,116$2,746$2,416$1,951
13 years$3,645$3,190$2,784$2,425$2,107$1,665
14 years$3,350$2,899$2,502$2,152$1,847$1,429
15 years$3,094$2,649$2,259$1,919$1,626$1,231
16 years$2,871$2,430$2,048$1,719$1,437$1,063
17 years$2,674$2,238$1,863$1,544$1,274$922
18 years$2,499$2,068$1,701$1,392$1,133$801
19 years$2,343$1,917$1,557$1,257$1,010$697
20 years$2,202$1,781$1,429$1,139$902$608
21 years$2,075$1,659$1,314$1,034$807$531
22 years$1,960$1,549$1,211$940$724$464
23 years$1,855$1,448$1,119$856$650$407
24 years$1,759$1,357$1,035$781$584$356
25 years$1,671$1,273$958$713$525$313
26 years$1,589$1,197$889$652$473$274
27 years$1,514$1,126$825$597$427$241
28 years$1,444$1,061$767$547$385$212
29 years$1,379$1,001$714$501$348$186
30 years$1,319$946$665$460$314$164
31 years$1,263$894$620$423$284$144
32 years$1,210$846$578$388$257$127
33 years$1,160$801$540$357$232$112
34 years$1,114$759$505$329$210$99
35 years$1,070$720$472$302$191$87
36 years$1,029$683$441$279$173$77
37 years$990$649$413$257$157$67
38 years$954$617$387$237$142$59
39 years$919$587$362$218$129$52
40 years$886$558$340$201$117$46
41 years$855$531$319$186$106$41
42 years$825$506$299$171$96$36
43 years$797$482$280$158$87$32
44 years$770$460$263$146$79$28
45 years$744$438$247$135$72$25
46 years$720$418$232$125$65$22
47 years$697$399$218$115$59$19
48 years$674$381$205$106$54$17
49 years$653$364$193$98$49$15
50 years$633$347$181$91$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $648,000, adding $4,047 every year, while hoping to spend $49,732 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: 88/7/5 Blend
44$648,000$648,000$648,000$648,000
45$718,270$683,926$673,882$781,198
46$738,620$664,524$643,543$803,355
47$759,378$642,505$610,521$820,320
48$780,533$617,687$574,672$837,324
49$802,074$589,880$535,850$854,333
50$823,982$558,880$493,897$871,308
51$846,238$524,475$448,653$888,206
52$868,817$486,438$399,946$904,977
53$891,692$444,529$347,600$921,568
54$914,830$398,495$291,429$937,919
55$938,191$348,070$231,240$953,964
56$961,731$292,970$166,832$969,627
57$985,400$232,898$97,992$984,827
58$1,009,138$167,537$24,503$999,473
59$1,032,879$96,556$0$1,013,464
60$1,056,548$19,602$0$1,029,565
61$1,080,057$0$0$1,046,358
62$1,103,311$0$0$1,067,318
63$1,126,198$0$0$1,089,431
64$1,148,596$0$0$1,111,066
65$1,170,366$0$0$1,132,089
66$1,191,351$0$0$1,152,349
67$1,211,378$0$0$1,171,677
68$1,230,250$0$0$1,189,882
69$1,247,750$0$0$1,206,752
70$1,263,633$0$0$1,222,052
71$1,277,627$0$0$1,235,518
72$1,289,430$0$0$1,246,854
73$1,298,703$0$0$1,255,734
74$1,305,072$0$0$1,261,793
75$1,308,118$0$0$1,264,627
76$1,307,377$0$0$1,263,785
77$1,302,334$0$0$1,258,767
78$1,292,418$0$0$1,249,018
79$1,276,993$0$0$1,233,924
80$1,255,357$0$0$1,212,802
81$1,226,729$0$0$1,184,895
82$1,190,246$0$0$1,149,366
83$1,144,951$0$0$1,105,287
84$1,089,785$0$0$1,051,630
85$1,023,575$0$0$987,259
86$945,025$0$0$910,915
87$852,700$0$0$821,207
88$745,013$0$0$716,597
89$620,210$0$0$595,383
90$476,352$0$0$455,684
91$311,296$0$0$295,422
92$122,675$0$0$112,301
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0