Can I retire at age 45 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$52,107$51,643$51,190$50,748$50,317$49,688
2 years$25,796$25,315$24,850$24,398$23,960$23,328
3 years$17,026$16,544$16,079$15,632$15,201$14,585
4 years$12,642$12,161$11,702$11,262$10,842$10,245
5 years$10,013$9,535$9,081$8,650$8,242$7,668
6 years$8,260$7,786$7,339$6,918$6,521$5,970
7 years$7,009$6,539$6,099$5,687$5,304$4,776
8 years$6,071$5,605$5,172$4,771$4,400$3,895
9 years$5,342$4,880$4,455$4,064$3,705$3,223
10 years$4,759$4,301$3,884$3,503$3,157$2,698
11 years$4,282$3,829$3,419$3,049$2,715$2,278
12 years$3,885$3,437$3,034$2,674$2,353$1,937
13 years$3,549$3,106$2,711$2,361$2,052$1,657
14 years$3,262$2,823$2,436$2,096$1,799$1,424
15 years$3,013$2,579$2,199$1,869$1,584$1,229
16 years$2,796$2,366$1,994$1,674$1,400$1,065
17 years$2,604$2,179$1,814$1,504$1,241$925
18 years$2,434$2,014$1,656$1,355$1,103$805
19 years$2,281$1,866$1,516$1,224$984$702
20 years$2,145$1,734$1,392$1,109$879$614
21 years$2,021$1,615$1,280$1,006$786$537
22 years$1,909$1,508$1,180$915$705$471
23 years$1,806$1,410$1,089$833$633$413
24 years$1,713$1,321$1,007$760$569$363
25 years$1,627$1,240$933$694$512$319
26 years$1,548$1,165$865$635$461$281
27 years$1,474$1,097$804$581$415$247
28 years$1,406$1,034$747$532$375$218
29 years$1,343$975$695$488$339$192
30 years$1,284$921$648$448$306$169
31 years$1,230$870$604$411$277$150
32 years$1,178$824$563$378$250$132
33 years$1,130$780$526$348$226$117
34 years$1,085$739$491$320$205$103
35 years$1,042$701$459$295$186$91
36 years$1,002$666$430$271$168$80
37 years$964$632$402$250$152$71
38 years$929$601$377$230$138$63
39 years$895$571$353$212$125$55
40 years$863$543$331$196$114$49
41 years$832$517$310$181$103$43
42 years$803$493$291$167$94$38
43 years$776$469$273$154$85$34
44 years$750$447$256$142$77$30
45 years$725$427$241$131$70$27
46 years$701$407$226$121$64$23
47 years$678$388$212$112$58$21
48 years$657$371$200$104$52$18
49 years$636$354$188$96$48$16
50 years$616$338$176$88$43$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $631,000, adding $2,719 every year, while hoping to spend $39,746 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: 74/13/13 Blend
44$631,000$631,000$631,000$631,000
45$698,167$664,724$654,943$747,742
46$727,090$655,006$634,594$771,157
47$757,632$643,479$612,232$791,602
48$789,915$630,014$587,746$812,920
49$824,073$614,472$561,022$835,188
50$860,253$596,706$531,942$858,488
51$898,616$576,562$500,378$882,915
52$939,336$553,874$466,203$908,570
53$982,606$528,471$429,277$935,568
54$1,028,633$500,168$389,460$964,036
55$1,077,648$468,771$346,601$994,114
56$1,129,902$434,074$300,545$1,025,958
57$1,185,668$395,860$251,131$1,059,741
58$1,245,250$353,901$198,187$1,095,654
59$1,308,976$307,952$141,536$1,133,911
60$1,377,208$257,759$80,995$1,174,746
61$1,450,344$203,049$16,369$1,218,420
62$1,528,818$143,538$0$1,265,223
63$1,613,109$78,923$0$1,322,771
64$1,703,740$8,884$0$1,387,019
65$1,801,288$0$0$1,456,118
66$1,906,384$0$0$1,540,108
67$2,019,723$0$0$1,632,077
68$2,142,068$0$0$1,731,375
69$2,274,256$0$0$1,838,686
70$2,417,209$0$0$1,954,759
71$2,571,939$0$0$2,080,421
72$2,739,558$0$0$2,216,578
73$2,921,292$0$0$2,364,227
74$3,118,485$0$0$2,524,466
75$3,332,616$0$0$2,698,501
76$3,565,315$0$0$2,887,658
77$3,818,372$0$0$3,093,397
78$4,093,755$0$0$3,317,324
79$4,393,635$0$0$3,561,206
80$4,720,395$0$0$3,826,988
81$5,076,660$0$0$4,116,810
82$5,465,321$0$0$4,433,027
83$5,889,556$0$0$4,778,232
84$6,352,867$0$0$5,155,278
85$6,859,106$0$0$5,567,308
86$7,412,517$0$0$6,017,779
87$8,017,770$0$0$6,510,501
88$8,680,007$0$0$7,049,666
89$9,404,893$0$0$7,639,891
90$10,198,661$0$0$8,286,261
91$11,068,180$0$0$8,994,373
92$12,021,011$0$0$9,770,396
93$13,065,483$0$0$10,621,118
94$14,210,769$0$0$11,554,020
95$15,466,970$0$0$12,577,338
96$16,845,216$0$0$13,700,146
97$18,357,762$0$0$14,932,438
98$20,018,109$0$0$16,285,222
99$21,841,129$0$0$17,770,626
100$23,843,204$0$0$19,402,006