Can I retire at age 45 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$52,025$51,561$51,109$50,668$50,237$49,858
2 years$25,755$25,275$24,810$24,360$23,922$23,540
3 years$16,999$16,518$16,054$15,607$15,177$14,804
4 years$12,622$12,142$11,683$11,244$10,825$10,463
5 years$9,997$9,520$9,067$8,637$8,229$7,879
6 years$8,247$7,773$7,327$6,907$6,511$6,175
7 years$6,998$6,528$6,089$5,678$5,295$4,972
8 years$6,061$5,596$5,164$4,764$4,393$4,083
9 years$5,333$4,872$4,448$4,057$3,699$3,403
10 years$4,751$4,295$3,878$3,498$3,152$2,869
11 years$4,275$3,823$3,414$3,044$2,711$2,440
12 years$3,879$3,432$3,030$2,670$2,349$2,091
13 years$3,544$3,101$2,707$2,357$2,049$1,803
14 years$3,257$2,819$2,432$2,092$1,796$1,562
15 years$3,008$2,575$2,196$1,866$1,581$1,359
16 years$2,791$2,363$1,991$1,671$1,397$1,187
17 years$2,600$2,176$1,812$1,501$1,239$1,039
18 years$2,430$2,011$1,654$1,353$1,102$913
19 years$2,278$1,863$1,514$1,222$982$803
20 years$2,141$1,732$1,389$1,107$877$708
21 years$2,018$1,613$1,278$1,005$785$625
22 years$1,906$1,506$1,178$914$704$553
23 years$1,804$1,408$1,088$832$632$490
24 years$1,710$1,319$1,006$759$568$434
25 years$1,624$1,238$932$693$511$386
26 years$1,545$1,164$864$634$460$343
27 years$1,472$1,095$802$580$415$305
28 years$1,404$1,032$746$531$374$271
29 years$1,341$973$694$487$338$241
30 years$1,282$919$646$447$305$215
31 years$1,228$869$603$411$276$191
32 years$1,176$822$562$378$250$171
33 years$1,128$779$525$347$226$152
34 years$1,083$738$491$319$205$136
35 years$1,041$700$459$294$185$121
36 years$1,001$664$429$271$168$108
37 years$963$631$402$250$152$96
38 years$927$600$376$230$138$86
39 years$893$570$352$212$125$77
40 years$861$543$330$196$114$69
41 years$831$517$310$180$103$61
42 years$802$492$290$167$93$55
43 years$775$469$273$154$85$49
44 years$749$447$256$142$77$44
45 years$724$426$240$131$70$39
46 years$700$406$226$121$63$35
47 years$677$388$212$112$58$31
48 years$656$370$199$103$52$28
49 years$635$354$187$96$48$25
50 years$615$338$176$88$43$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $630,000, adding $5,303 every year, while hoping to spend $51,948 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: 46/45/9 Blend
44$630,000$630,000$630,000$630,000
45$699,730$666,340$656,575$729,931
46$715,830$643,718$623,298$728,691
47$731,832$618,247$587,165$721,543
48$747,669$589,732$548,026$712,600
49$763,270$557,967$505,723$701,712
50$778,551$522,735$460,092$688,720
51$793,419$483,805$410,962$673,452
52$807,771$440,935$358,152$655,725
53$821,490$393,867$301,476$635,340
54$834,445$342,329$240,739$612,085
55$846,489$286,035$175,735$585,731
56$857,461$224,680$106,252$556,033
57$867,178$157,945$32,067$522,727
58$875,437$85,491$0$485,529
59$882,012$6,961$0$448,656
60$886,652$0$0$410,837
61$889,078$0$0$407,294
62$888,978$0$0$405,876
63$886,009$0$0$402,961
64$879,787$0$0$398,353
65$869,888$0$0$391,834
66$855,841$0$0$383,166
67$837,123$0$0$372,081
68$813,156$0$0$358,286
69$783,301$0$0$341,453
70$746,847$0$0$321,221
71$703,010$0$0$297,192
72$650,920$0$0$268,923
73$589,618$0$0$235,925
74$518,041$0$0$197,658
75$435,014$0$0$153,524
76$339,239$0$0$102,863
77$229,279$0$0$44,946
78$103,550$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