Can I retire at age 45 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$51,777$51,316$50,866$50,427$49,998$49,662
2 years$25,632$25,155$24,692$24,244$23,809$23,470
3 years$16,918$16,439$15,977$15,533$15,105$14,774
4 years$12,562$12,084$11,628$11,191$10,773$10,452
5 years$9,949$9,474$9,023$8,596$8,190$7,880
6 years$8,208$7,736$7,292$6,874$6,480$6,182
7 years$6,965$6,497$6,060$5,651$5,270$4,983
8 years$6,033$5,569$5,139$4,741$4,372$4,097
9 years$5,308$4,849$4,426$4,038$3,682$3,418
10 years$4,729$4,274$3,859$3,481$3,137$2,885
11 years$4,255$3,805$3,397$3,029$2,698$2,457
12 years$3,860$3,415$3,015$2,657$2,338$2,108
13 years$3,527$3,086$2,694$2,346$2,039$1,820
14 years$3,241$2,805$2,420$2,082$1,787$1,579
15 years$2,994$2,563$2,185$1,857$1,574$1,376
16 years$2,778$2,351$1,981$1,663$1,391$1,203
17 years$2,587$2,165$1,803$1,494$1,233$1,055
18 years$2,418$2,001$1,646$1,346$1,096$928
19 years$2,267$1,854$1,507$1,217$977$818
20 years$2,131$1,723$1,383$1,102$873$722
21 years$2,008$1,605$1,272$1,000$781$639
22 years$1,897$1,498$1,172$909$700$566
23 years$1,795$1,401$1,082$828$629$502
24 years$1,702$1,313$1,001$755$565$446
25 years$1,617$1,232$927$690$508$396
26 years$1,538$1,158$860$631$458$352
27 years$1,465$1,090$798$577$413$314
28 years$1,397$1,027$742$529$373$280
29 years$1,335$969$691$485$336$249
30 years$1,276$915$643$445$304$222
31 years$1,222$865$600$409$275$198
32 years$1,171$818$560$376$249$177
33 years$1,123$775$523$346$225$158
34 years$1,078$735$488$318$204$141
35 years$1,036$697$456$293$184$126
36 years$996$661$427$270$167$113
37 years$958$628$400$248$151$101
38 years$923$597$374$229$137$90
39 years$889$568$351$211$125$81
40 years$857$540$329$195$113$72
41 years$827$514$308$180$102$65
42 years$798$490$289$166$93$58
43 years$771$466$271$153$84$52
44 years$745$445$255$141$77$46
45 years$720$424$239$130$70$42
46 years$697$404$225$121$63$37
47 years$674$386$211$111$57$33
48 years$652$368$198$103$52$30
49 years$632$352$186$95$47$27
50 years$612$336$175$88$43$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $627,000, adding $3,757 every year, while hoping to spend $29,181 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: 33/43/24 Blend
44$627,000$627,000$627,000$627,000
45$694,829$661,598$651,880$712,558
46$734,654$662,968$642,669$727,566
47$777,562$663,427$632,173$740,835
48$823,838$662,900$620,315$754,548
49$873,794$661,306$607,020$768,763
50$927,771$658,561$592,206$783,548
51$986,148$654,574$575,788$798,976
52$1,049,336$649,250$557,679$815,133
53$1,117,792$642,487$537,784$832,116
54$1,192,015$634,177$516,008$850,035
55$1,272,555$624,206$492,250$869,012
56$1,360,018$612,454$466,402$889,188
57$1,455,068$598,793$438,355$910,718
58$1,558,438$583,086$407,992$933,780
59$1,670,932$565,191$375,194$958,572
60$1,793,437$544,956$339,832$985,315
61$1,926,928$522,219$301,777$1,014,260
62$2,072,477$496,810$260,889$1,045,685
63$2,231,266$468,550$217,026$1,079,904
64$2,404,595$437,248$170,035$1,117,266
65$2,593,894$402,704$119,762$1,158,162
66$2,800,738$364,703$66,041$1,203,028
67$3,026,862$323,022$8,702$1,252,351
68$3,274,174$277,423$0$1,306,673
69$3,544,778$227,655$0$1,380,043
70$3,840,987$173,451$0$1,462,943
71$4,165,350$114,534$0$1,553,944
72$4,520,675$50,605$0$1,653,931
73$4,910,053$0$0$1,763,889
74$5,336,888$0$0$1,893,729
75$5,804,929$0$0$2,062,454
76$6,318,306$0$0$2,247,619
77$6,881,568$0$0$2,450,877
78$7,499,725$0$0$2,674,048
79$8,178,295$0$0$2,919,138
80$8,923,357$0$0$3,188,355
81$9,741,609$0$0$3,484,134
82$10,640,426$0$0$3,809,155
83$11,627,936$0$0$4,166,372
84$12,713,090$0$0$4,559,039
85$13,905,752$0$0$4,990,740
86$15,216,788$0$0$5,465,425
87$16,658,167$0$0$5,987,445
88$18,243,079$0$0$6,561,595
89$19,986,054$0$0$7,193,155
90$21,903,101$0$0$7,887,947
91$24,011,859$0$0$8,652,382
92$26,331,761$0$0$9,493,525
93$28,884,220$0$0$10,419,160
94$31,692,828$0$0$11,437,865
95$34,783,581$0$0$12,559,090
96$38,185,120$0$0$13,793,249
97$41,929,005$0$0$15,151,816
98$46,050,009$0$0$16,647,434
99$50,586,450$0$0$18,294,034
100$55,580,547$0$0$20,106,967