Can I retire at age 45 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$51,612$51,152$50,704$50,266$49,838$48,892
2 years$25,550$25,075$24,613$24,166$23,733$22,783
3 years$16,864$16,387$15,927$15,484$15,057$14,133
4 years$12,522$12,046$11,590$11,155$10,739$9,849
5 years$9,918$9,444$8,995$8,568$8,163$7,309
6 years$8,182$7,712$7,269$6,852$6,459$5,642
7 years$6,942$6,476$6,041$5,633$5,253$4,473
8 years$6,013$5,551$5,123$4,726$4,358$3,614
9 years$5,291$4,834$4,412$4,025$3,670$2,963
10 years$4,714$4,261$3,847$3,470$3,127$2,456
11 years$4,241$3,793$3,387$3,020$2,689$2,053
12 years$3,848$3,404$3,006$2,649$2,331$1,728
13 years$3,516$3,076$2,685$2,338$2,032$1,463
14 years$3,231$2,796$2,413$2,076$1,782$1,244
15 years$2,984$2,555$2,178$1,851$1,569$1,062
16 years$2,769$2,344$1,975$1,658$1,386$909
17 years$2,579$2,159$1,797$1,489$1,229$781
18 years$2,410$1,995$1,641$1,342$1,093$672
19 years$2,260$1,849$1,502$1,213$974$579
20 years$2,124$1,718$1,378$1,098$870$500
21 years$2,002$1,600$1,268$997$779$433
22 years$1,891$1,494$1,168$906$698$375
23 years$1,789$1,397$1,079$825$627$325
24 years$1,697$1,309$998$753$563$282
25 years$1,611$1,228$924$688$507$245
26 years$1,533$1,154$857$629$456$213
27 years$1,460$1,086$796$575$412$185
28 years$1,393$1,024$740$527$371$161
29 years$1,330$966$689$483$335$140
30 years$1,272$912$641$444$303$122
31 years$1,218$862$598$408$274$106
32 years$1,167$816$558$375$248$92
33 years$1,119$773$521$344$224$80
34 years$1,074$732$487$317$203$70
35 years$1,032$695$455$292$184$61
36 years$993$659$426$269$167$53
37 years$955$626$398$248$151$46
38 years$920$595$373$228$137$40
39 years$886$566$350$210$124$35
40 years$854$538$328$194$113$31
41 years$824$512$307$179$102$27
42 years$796$488$288$165$93$23
43 years$768$465$270$153$84$20
44 years$743$443$254$141$76$18
45 years$718$423$238$130$69$16
46 years$694$403$224$120$63$14
47 years$672$385$210$111$57$12
48 years$650$367$198$103$52$10
49 years$630$351$186$95$47$9
50 years$610$335$175$88$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $625,000, adding $5,873 every year, while hoping to spend $28,491 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: 31/39/30 Blend
44$625,000$625,000$625,000$625,000
45$694,808$661,683$651,995$709,844
46$735,364$663,791$643,523$724,146
47$779,102$665,048$633,812$736,649
48$826,317$665,381$622,791$749,557
49$877,331$664,715$610,384$762,927
50$932,500$662,968$596,514$776,823
51$992,216$660,054$581,098$791,317
52$1,056,908$655,883$564,051$806,492
53$1,127,049$650,356$545,282$822,444
54$1,203,157$643,373$524,698$839,277
55$1,285,804$634,824$502,201$857,112
56$1,375,619$624,593$477,688$876,086
57$1,473,293$612,559$451,051$896,351
58$1,579,587$598,592$422,179$918,078
59$1,695,337$582,556$390,954$941,463
60$1,821,465$564,304$357,255$966,722
61$1,958,984$543,684$320,952$994,100
62$2,109,008$520,533$281,912$1,023,868
63$2,272,768$494,680$239,997$1,056,334
64$2,451,612$465,942$195,059$1,091,839
65$2,647,030$434,126$146,947$1,130,766
66$2,860,660$399,031$95,502$1,173,542
67$3,094,304$360,440$40,558$1,220,645
68$3,349,948$318,127$0$1,272,604
69$3,629,778$271,851$0$1,335,801
70$3,936,203$221,359$0$1,419,339
71$4,271,873$166,382$0$1,511,018
72$4,639,707$106,639$0$1,611,719
73$5,042,922$41,829$0$1,722,418
74$5,485,059$0$0$1,844,195
75$5,970,019$0$0$1,990,417
76$6,502,097$0$0$2,170,641
77$7,086,025$0$0$2,368,528
78$7,727,017$0$0$2,585,859
79$8,430,814$0$0$2,824,594
80$9,203,741$0$0$3,086,892
81$10,052,765$0$0$3,375,131
82$10,985,563$0$0$3,691,932
83$12,010,589$0$0$4,040,182
84$13,137,160$0$0$4,423,060
85$14,375,538$0$0$4,844,072
86$15,737,030$0$0$5,307,077
87$17,234,092$0$0$5,816,330
88$18,880,449$0$0$6,376,516
89$20,691,222$0$0$6,992,800
90$22,683,070$0$0$7,670,869
91$24,874,348$0$0$8,416,993
92$27,285,282$0$0$9,238,078
93$29,938,154$0$0$10,141,734
94$32,857,517$0$0$11,136,346
95$36,070,423$0$0$12,231,153
96$39,606,682$0$0$13,436,336
97$43,499,136$0$0$14,763,112
98$47,783,977$0$0$16,223,842
99$52,501,082$0$0$17,832,145
100$57,694,390$0$0$19,603,030