Can I retire at age 45 with 648,000?

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 $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%12.6%
1 years$53,511$53,035$52,570$52,116$51,672$51,112
2 years$26,491$25,997$25,519$25,056$24,606$24,041
3 years$17,485$16,990$16,513$16,053$15,611$15,060
4 years$12,983$12,489$12,017$11,566$11,134$10,601
5 years$10,283$9,792$9,326$8,883$8,464$7,950
6 years$8,483$7,996$7,537$7,104$6,697$6,204
7 years$7,198$6,715$6,263$5,841$5,447$4,973
8 years$6,235$5,756$5,311$4,900$4,518$4,065
9 years$5,486$5,011$4,575$4,173$3,805$3,372
10 years$4,887$4,417$3,988$3,598$3,242$2,829
11 years$4,397$3,932$3,511$3,131$2,788$2,395
12 years$3,990$3,530$3,116$2,746$2,416$2,042
13 years$3,645$3,190$2,784$2,425$2,107$1,751
14 years$3,350$2,899$2,502$2,152$1,847$1,509
15 years$3,094$2,649$2,259$1,919$1,626$1,306
16 years$2,871$2,430$2,048$1,719$1,437$1,134
17 years$2,674$2,238$1,863$1,544$1,274$988
18 years$2,499$2,068$1,701$1,392$1,133$863
19 years$2,343$1,917$1,557$1,257$1,010$755
20 years$2,202$1,781$1,429$1,139$902$662
21 years$2,075$1,659$1,314$1,034$807$581
22 years$1,960$1,549$1,211$940$724$511
23 years$1,855$1,448$1,119$856$650$450
24 years$1,759$1,357$1,035$781$584$396
25 years$1,671$1,273$958$713$525$349
26 years$1,589$1,197$889$652$473$308
27 years$1,514$1,126$825$597$427$272
28 years$1,444$1,061$767$547$385$241
29 years$1,379$1,001$714$501$348$213
30 years$1,319$946$665$460$314$188
31 years$1,263$894$620$423$284$167
32 years$1,210$846$578$388$257$148
33 years$1,160$801$540$357$232$131
34 years$1,114$759$505$329$210$116
35 years$1,070$720$472$302$191$103
36 years$1,029$683$441$279$173$91
37 years$990$649$413$257$157$81
38 years$954$617$387$237$142$72
39 years$919$587$362$218$129$64
40 years$886$558$340$201$117$56
41 years$855$531$319$186$106$50
42 years$825$506$299$171$96$44
43 years$797$482$280$158$87$39
44 years$770$460$263$146$79$35
45 years$744$438$247$135$72$31
46 years$720$418$232$125$65$28
47 years$697$399$218$115$59$24
48 years$674$381$205$106$54$22
49 years$653$364$193$98$49$19
50 years$633$347$181$91$44$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $648,000, adding $6,635 every year, while hoping to spend $21,062 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: 48/47/5 Blend
44$648,000$648,000$648,000$648,000
45$720,940$686,596$676,552$754,318
46$772,066$697,829$676,807$789,068
47$827,701$708,907$676,364$823,987
48$888,283$719,800$675,178$861,395
49$954,293$730,475$673,202$901,528
50$1,026,261$740,899$670,384$944,647
51$1,104,771$751,034$666,674$991,040
52$1,190,464$760,842$662,014$1,041,024
53$1,284,048$770,279$656,348$1,094,949
54$1,386,300$779,303$649,615$1,153,202
55$1,498,078$787,863$641,752$1,216,208
56$1,620,323$795,910$632,692$1,284,439
57$1,754,075$803,389$622,367$1,358,413
58$1,900,477$810,241$610,702$1,438,703
59$2,060,788$816,405$597,622$1,525,939
60$2,236,394$821,814$583,048$1,620,819
61$2,428,822$826,399$566,896$1,724,112
62$2,639,753$830,084$549,079$1,836,665
63$2,871,040$832,790$529,505$1,959,415
64$3,124,722$834,433$508,080$2,093,394
65$3,403,047$834,923$484,703$2,239,740
66$3,708,488$834,164$459,271$2,399,712
67$4,043,771$832,056$431,674$2,574,694
68$4,411,899$828,490$401,798$2,766,217
69$4,816,179$823,353$369,526$2,975,968
70$5,260,256$816,523$334,731$3,205,808
71$5,748,143$807,873$297,285$3,457,790
72$6,284,261$797,267$257,051$3,734,180
73$6,873,482$784,559$213,889$4,037,475
74$7,521,173$769,599$167,650$4,370,432
75$8,233,246$752,222$118,180$4,736,091
76$9,016,215$732,259$65,317$5,137,804
77$9,877,257$709,528$8,894$5,579,270
78$10,824,279$683,837$0$6,064,568
79$11,865,993$654,983$0$6,600,933
80$13,011,998$622,750$0$7,191,276
81$14,272,869$586,912$0$7,840,601
82$15,660,258$547,227$0$8,554,955
83$17,187,005$503,442$0$9,341,003
84$18,867,257$455,288$0$10,206,096
85$20,716,600$402,480$0$11,158,339
86$22,752,210$344,719$0$12,206,669
87$24,993,011$281,686$0$13,360,940
88$27,459,857$213,047$0$14,632,017
89$30,175,724$138,448$0$16,031,880
90$33,165,931$57,515$0$17,573,736
91$36,458,376$0$0$19,272,149
92$40,083,800$0$0$21,158,764
93$44,076,077$0$0$23,269,135
94$48,472,534$0$0$25,593,256
95$53,314,302$0$0$28,152,884
96$58,646,703$0$0$30,971,991
97$64,519,681$0$0$34,076,994
98$70,988,270$0$0$37,497,002
99$78,113,114$0$0$41,264,091
100$85,961,039$0$0$45,413,609