Can I retire at age 45 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$52,190$51,725$51,272$50,829$50,397$48,454
2 years$25,837$25,355$24,889$24,437$23,998$22,065
3 years$17,053$16,570$16,105$15,657$15,226$13,362
4 years$12,663$12,181$11,720$11,280$10,859$9,079
5 years$10,029$9,550$9,095$8,664$8,255$6,563
6 years$8,273$7,798$7,350$6,929$6,532$4,929
7 years$7,020$6,549$6,108$5,697$5,312$3,798
8 years$6,081$5,614$5,180$4,779$4,407$2,980
9 years$5,350$4,888$4,462$4,070$3,711$2,370
10 years$4,766$4,308$3,890$3,509$3,162$1,904
11 years$4,289$3,835$3,425$3,054$2,720$1,541
12 years$3,891$3,442$3,039$2,678$2,357$1,255
13 years$3,555$3,111$2,715$2,365$2,055$1,027
14 years$3,267$2,828$2,440$2,099$1,801$844
15 years$3,018$2,583$2,203$1,872$1,586$696
16 years$2,800$2,370$1,997$1,676$1,402$575
17 years$2,608$2,183$1,817$1,506$1,243$476
18 years$2,437$2,017$1,659$1,357$1,105$395
19 years$2,285$1,869$1,519$1,226$985$328
20 years$2,148$1,737$1,394$1,111$880$272
21 years$2,024$1,618$1,282$1,008$787$227
22 years$1,912$1,510$1,182$917$706$189
23 years$1,809$1,413$1,091$835$634$157
24 years$1,716$1,323$1,009$761$569$131
25 years$1,629$1,242$935$695$512$109
26 years$1,550$1,167$867$636$462$91
27 years$1,477$1,099$805$582$416$76
28 years$1,409$1,035$748$533$376$64
29 years$1,345$977$696$489$339$53
30 years$1,286$922$649$449$306$44
31 years$1,231$872$605$412$277$37
32 years$1,180$825$564$379$251$31
33 years$1,132$781$527$348$227$26
34 years$1,087$740$492$320$205$22
35 years$1,044$702$460$295$186$18
36 years$1,004$667$430$272$168$15
37 years$966$633$403$250$153$13
38 years$930$602$377$231$138$11
39 years$896$572$353$213$126$9
40 years$864$544$331$196$114$7
41 years$834$518$311$181$103$6
42 years$805$493$291$167$94$5
43 years$777$470$273$154$85$4
44 years$751$448$257$142$77$4
45 years$726$427$241$132$70$3
46 years$702$408$226$121$64$3
47 years$679$389$213$112$58$2
48 years$658$371$200$104$52$2
49 years$637$355$188$96$48$1
50 years$617$339$177$89$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $632,000, adding $2,294 every year, while hoping to spend $45,107 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: 64/12/24 Blend
44$632,000$632,000$632,000$632,000
45$698,830$665,334$655,538$739,036
46$722,117$649,942$629,505$751,053
47$746,268$632,284$601,088$758,935
48$771,323$612,201$570,160$766,529
49$797,324$589,526$536,587$773,813
50$824,319$564,080$500,231$780,762
51$852,356$535,676$460,944$787,352
52$881,487$504,115$418,577$793,555
53$911,768$469,186$372,969$799,347
54$943,260$430,668$323,954$804,700
55$976,026$388,324$271,361$809,587
56$1,010,136$341,907$215,007$813,981
57$1,045,664$291,155$154,703$817,855
58$1,082,689$235,789$90,253$821,181
59$1,121,297$175,516$21,450$823,931
60$1,161,580$110,028$0$826,079
61$1,203,639$38,997$0$840,908
62$1,247,580$0$0$861,810
63$1,293,521$0$0$888,330
64$1,341,586$0$0$921,474
65$1,391,911$0$0$956,189
66$1,444,644$0$0$992,578
67$1,499,946$0$0$1,030,752
68$1,557,988$0$0$1,070,833
69$1,618,959$0$0$1,112,954
70$1,683,064$0$0$1,157,257
71$1,750,526$0$0$1,203,898
72$1,821,586$0$0$1,253,048
73$1,896,508$0$0$1,304,891
74$1,975,580$0$0$1,359,629
75$2,059,114$0$0$1,417,482
76$2,147,452$0$0$1,478,690
77$2,240,968$0$0$1,543,515
78$2,340,068$0$0$1,612,243
79$2,445,198$0$0$1,685,187
80$2,556,844$0$0$1,762,689
81$2,675,538$0$0$1,845,123
82$2,801,863$0$0$1,932,898
83$2,936,456$0$0$2,026,463
84$3,080,014$0$0$2,126,308
85$3,233,303$0$0$2,232,972
86$3,397,160$0$0$2,347,043
87$3,572,503$0$0$2,469,168
88$3,760,339$0$0$2,600,056
89$3,961,773$0$0$2,740,484
90$4,178,016$0$0$2,891,306
91$4,410,398$0$0$3,053,456
92$4,660,380$0$0$3,227,965
93$4,929,564$0$0$3,415,959
94$5,219,710$0$0$3,618,679
95$5,532,751$0$0$3,837,486
96$5,870,813$0$0$4,073,878
97$6,236,229$0$0$4,329,498
98$6,631,566$0$0$4,606,154
99$7,059,642$0$0$4,905,833
100$7,523,560$0$0$5,230,719