Can I retire at age 45 with 623,000?

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 $623,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$51,447$50,988$50,541$50,105$49,679$49,160
2 years$25,469$24,994$24,535$24,089$23,657$23,134
3 years$16,810$16,334$15,876$15,434$15,009$14,499
4 years$12,482$12,007$11,553$11,119$10,704$10,211
5 years$9,886$9,414$8,966$8,541$8,137$7,662
6 years$8,156$7,687$7,246$6,830$6,439$5,982
7 years$6,920$6,456$6,021$5,615$5,236$4,798
8 years$5,994$5,534$5,106$4,711$4,344$3,925
9 years$5,274$4,818$4,398$4,012$3,658$3,257
10 years$4,698$4,247$3,834$3,459$3,117$2,734
11 years$4,228$3,781$3,376$3,010$2,681$2,316
12 years$3,836$3,393$2,996$2,640$2,323$1,976
13 years$3,504$3,067$2,677$2,331$2,026$1,696
14 years$3,221$2,787$2,405$2,069$1,776$1,463
15 years$2,975$2,546$2,171$1,845$1,564$1,267
16 years$2,760$2,336$1,969$1,652$1,382$1,101
17 years$2,571$2,152$1,791$1,485$1,225$959
18 years$2,403$1,988$1,635$1,338$1,089$838
19 years$2,252$1,843$1,497$1,209$971$734
20 years$2,117$1,712$1,374$1,095$867$644
21 years$1,995$1,595$1,264$994$776$566
22 years$1,885$1,489$1,165$903$696$498
23 years$1,784$1,392$1,075$823$625$438
24 years$1,691$1,305$995$750$561$387
25 years$1,606$1,224$921$685$505$341
26 years$1,528$1,151$854$627$455$302
27 years$1,456$1,083$793$574$410$267
28 years$1,389$1,020$738$526$370$236
29 years$1,326$963$686$482$334$209
30 years$1,268$909$639$442$302$185
31 years$1,214$859$596$406$273$164
32 years$1,163$813$556$373$247$145
33 years$1,116$770$519$343$224$129
34 years$1,071$730$485$316$202$114
35 years$1,029$692$454$291$183$101
36 years$989$657$424$268$166$90
37 years$952$624$397$247$151$80
38 years$917$593$372$227$136$71
39 years$883$564$348$210$124$63
40 years$852$537$327$193$112$56
41 years$822$511$306$178$102$50
42 years$793$486$287$165$92$44
43 years$766$463$270$152$84$39
44 years$740$442$253$140$76$35
45 years$716$421$238$130$69$31
46 years$692$402$223$120$63$27
47 years$670$384$210$111$57$24
48 years$648$366$197$102$52$22
49 years$628$350$185$94$47$19
50 years$608$334$174$87$43$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $623,000, adding $3,638 every year, while hoping to spend $52,971 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: 36/47/17 Blend
44$623,000$623,000$623,000$623,000
45$690,299$657,280$647,623$711,452
46$704,348$633,126$612,958$702,961
47$718,056$606,013$575,356$688,541
48$731,330$575,740$534,663$671,852
49$744,069$542,095$490,718$652,721
50$756,160$504,853$443,352$630,962
51$767,473$463,776$392,389$606,375
52$777,868$418,613$337,647$578,750
53$787,184$369,099$278,931$547,858
54$795,244$314,952$216,044$513,455
55$801,852$255,877$148,774$475,281
56$806,786$191,561$76,903$433,055
57$809,803$121,672$204$386,477
58$810,631$45,862$0$335,226
59$808,967$0$0$293,767
60$804,476$0$0$266,663
61$796,786$0$0$261,959
62$785,486$0$0$255,770
63$770,116$0$0$247,914
64$750,171$0$0$238,187
65$725,089$0$0$226,364
66$694,248$0$0$212,198
67$656,960$0$0$195,414
68$612,463$0$0$175,707
69$559,916$0$0$152,741
70$498,385$0$0$126,145
71$426,841$0$0$95,508
72$344,145$0$0$60,375
73$249,037$0$0$20,245
74$140,127$0$0$0
75$15,877$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
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