Can I retire at age 45 with 624,000?

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 $624,000?

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$51,529$51,070$50,623$50,185$49,759$49,239
2 years$25,510$25,034$24,574$24,128$23,695$23,171
3 years$16,837$16,360$15,901$15,459$15,033$14,522
4 years$12,502$12,027$11,572$11,137$10,722$10,227
5 years$9,902$9,429$8,980$8,554$8,150$7,674
6 years$8,169$7,699$7,257$6,841$6,449$5,991
7 years$6,931$6,466$6,031$5,624$5,245$4,806
8 years$6,004$5,543$5,115$4,718$4,351$3,931
9 years$5,283$4,826$4,405$4,019$3,664$3,263
10 years$4,706$4,254$3,841$3,464$3,122$2,739
11 years$4,235$3,787$3,381$3,015$2,685$2,320
12 years$3,842$3,399$3,001$2,645$2,327$1,979
13 years$3,510$3,072$2,681$2,335$2,029$1,699
14 years$3,226$2,792$2,409$2,073$1,779$1,465
15 years$2,980$2,551$2,175$1,848$1,566$1,269
16 years$2,765$2,340$1,972$1,655$1,384$1,102
17 years$2,575$2,155$1,794$1,487$1,227$961
18 years$2,407$1,991$1,638$1,340$1,091$839
19 years$2,256$1,846$1,499$1,211$973$735
20 years$2,121$1,715$1,376$1,097$869$645
21 years$1,999$1,597$1,266$995$777$567
22 years$1,888$1,491$1,167$905$697$499
23 years$1,786$1,395$1,077$824$626$439
24 years$1,694$1,307$996$752$562$387
25 years$1,609$1,226$923$686$506$342
26 years$1,530$1,153$856$628$456$302
27 years$1,458$1,085$795$575$411$267
28 years$1,391$1,022$739$526$371$236
29 years$1,328$964$687$483$335$209
30 years$1,270$911$640$443$302$185
31 years$1,216$861$597$407$273$164
32 years$1,165$814$557$374$247$145
33 years$1,117$771$520$344$224$129
34 years$1,073$731$486$316$203$114
35 years$1,031$693$454$291$184$101
36 years$991$658$425$268$166$90
37 years$954$625$398$247$151$80
38 years$918$594$372$228$137$71
39 years$885$565$349$210$124$63
40 years$853$537$327$194$112$56
41 years$823$512$307$179$102$50
42 years$794$487$288$165$93$44
43 years$767$464$270$152$84$39
44 years$741$443$253$141$76$35
45 years$717$422$238$130$69$31
46 years$693$403$223$120$63$27
47 years$671$384$210$111$57$24
48 years$649$367$197$102$52$22
49 years$629$350$185$95$47$19
50 years$609$335$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 $624,000, adding $3,003 every year, while hoping to spend $22,786 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: 74/9/17 Blend
44$624,000$624,000$624,000$624,000
45$690,746$657,674$648,002$738,966
46$736,958$665,655$645,466$779,299
47$787,119$673,265$642,081$820,394
48$841,610$680,459$637,795$864,823
49$900,846$687,194$632,553$912,914
50$965,286$693,420$626,297$965,024
51$1,035,434$699,086$618,967$1,021,549
52$1,111,846$704,139$610,500$1,082,927
53$1,195,132$708,519$600,829$1,149,638
54$1,285,964$712,165$589,886$1,222,213
55$1,385,082$715,011$577,597$1,301,235
56$1,493,301$716,987$563,887$1,387,349
57$1,611,517$718,019$548,676$1,481,266
58$1,740,716$718,026$531,881$1,583,767
59$1,881,986$716,926$513,416$1,695,717
60$2,036,522$714,629$493,189$1,818,065
61$2,205,642$711,041$471,106$1,951,861
62$2,390,796$706,061$447,067$2,098,261
63$2,593,582$699,582$420,968$2,258,539
64$2,815,758$691,493$392,701$2,434,100
65$3,059,261$681,672$362,152$2,626,492
66$3,326,225$669,993$329,203$2,837,422
67$3,618,999$656,322$293,731$3,068,772
68$3,940,172$640,516$255,605$3,322,616
69$4,292,593$622,425$214,692$3,601,241
70$4,679,402$601,888$170,849$3,907,168
71$5,104,059$578,738$123,930$4,243,176
72$5,570,372$552,796$73,780$4,612,326
73$6,082,538$523,871$20,241$5,017,997
74$6,645,181$491,765$0$5,463,909
75$7,263,394$456,266$0$5,960,859
76$7,942,788$417,150$0$6,511,028
77$8,689,543$374,181$0$7,115,761
78$9,510,470$327,110$0$7,780,586
79$10,413,070$275,671$0$8,511,597
80$11,405,611$219,587$0$9,315,508
81$12,497,199$158,562$0$10,199,718
82$13,697,868$92,286$0$11,172,378
83$15,018,673$20,430$0$12,242,474
84$16,471,794$0$0$13,419,904
85$18,070,651$0$0$14,721,259
86$19,830,032$0$0$16,155,527
87$21,766,229$0$0$17,733,970
88$23,897,195$0$0$19,471,227
89$26,242,710$0$0$21,383,429
90$28,824,569$0$0$23,488,349
91$31,666,789$0$0$25,805,571
92$34,795,832$0$0$28,356,674
93$38,240,856$0$0$31,165,435
94$42,033,992$0$0$34,258,057
95$46,210,644$0$0$37,663,409
96$50,809,824$0$0$41,413,304
97$55,874,520$0$0$45,542,798
98$61,452,101$0$0$50,090,518
99$67,594,764$0$0$55,099,029
100$74,360,026$0$0$60,615,237