Can I retire at age 45 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$52,273$51,807$51,353$50,909$50,476$48,608
2 years$25,877$25,396$24,928$24,476$24,036$22,175
3 years$17,080$16,596$16,130$15,682$15,250$13,454
4 years$12,683$12,200$11,739$11,298$10,876$9,160
5 years$10,045$9,565$9,110$8,678$8,268$6,636
6 years$8,287$7,811$7,362$6,940$6,542$4,995
7 years$7,031$6,559$6,118$5,706$5,320$3,858
8 years$6,090$5,622$5,188$4,786$4,414$3,034
9 years$5,359$4,895$4,469$4,077$3,717$2,419
10 years$4,774$4,315$3,896$3,514$3,167$1,948
11 years$4,296$3,841$3,430$3,058$2,724$1,581
12 years$3,897$3,448$3,044$2,683$2,360$1,291
13 years$3,561$3,116$2,720$2,368$2,058$1,060
14 years$3,272$2,832$2,444$2,102$1,804$873
15 years$3,023$2,587$2,206$1,875$1,589$721
16 years$2,804$2,374$2,000$1,679$1,404$598
17 years$2,612$2,186$1,820$1,508$1,245$496
18 years$2,441$2,020$1,662$1,359$1,107$413
19 years$2,289$1,872$1,521$1,228$987$344
20 years$2,151$1,740$1,396$1,112$881$287
21 years$2,027$1,621$1,284$1,010$789$239
22 years$1,915$1,513$1,183$918$707$200
23 years$1,812$1,415$1,093$836$635$167
24 years$1,718$1,326$1,011$763$570$140
25 years$1,632$1,244$936$696$513$117
26 years$1,552$1,169$868$637$462$98
27 years$1,479$1,100$806$583$417$82
28 years$1,411$1,037$749$534$376$69
29 years$1,348$978$697$490$340$58
30 years$1,289$924$650$449$307$48
31 years$1,233$873$606$413$277$40
32 years$1,182$826$565$379$251$34
33 years$1,134$782$528$349$227$28
34 years$1,088$742$493$321$206$24
35 years$1,046$703$461$295$186$20
36 years$1,005$668$431$272$169$17
37 years$967$634$403$251$153$14
38 years$932$603$378$231$139$12
39 years$898$573$354$213$126$10
40 years$865$545$332$197$114$8
41 years$835$519$311$181$103$7
42 years$806$494$292$167$94$6
43 years$778$471$274$154$85$5
44 years$752$449$257$143$77$4
45 years$727$428$241$132$70$3
46 years$703$408$227$122$64$3
47 years$680$390$213$112$58$2
48 years$659$372$200$104$53$2
49 years$638$355$188$96$48$2
50 years$618$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 $633,000, adding $6,992 every year, while hoping to spend $29,783 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: 42/43/15 Blend
44$633,000$633,000$633,000$633,000
45$704,778$671,229$661,418$731,010
46$744,977$672,431$651,886$751,361
47$788,277$672,693$641,037$769,908
48$834,965$671,938$628,796$789,349
49$885,352$670,084$615,081$809,782
50$939,784$667,044$599,812$831,312
51$998,638$662,725$582,902$854,060
52$1,062,329$657,028$564,259$878,159
53$1,131,314$649,850$543,789$903,760
54$1,206,095$641,080$521,393$931,030
55$1,287,225$630,601$496,968$960,155
56$1,375,311$618,289$470,405$991,344
57$1,471,020$604,013$441,591$1,024,829
58$1,575,087$587,633$410,408$1,060,870
59$1,688,321$569,002$376,731$1,099,754
60$1,811,611$547,964$340,433$1,141,804
61$1,945,935$524,354$301,378$1,187,377
62$2,092,371$497,998$259,425$1,236,871
63$2,252,104$468,711$214,427$1,290,728
64$2,426,439$436,298$166,230$1,349,442
65$2,616,811$400,552$114,674$1,413,557
66$2,824,802$361,256$59,592$1,483,683
67$3,052,152$318,177$808$1,560,493
68$3,300,777$271,073$0$1,644,737
69$3,572,787$219,686$0$1,747,155
70$3,870,504$163,744$0$1,859,542
71$4,196,488$102,960$0$1,982,821
72$4,553,555$37,030$0$2,118,160
73$4,944,806$0$0$2,266,850
74$5,373,659$0$0$2,446,580
75$5,843,877$0$0$2,662,937
76$6,359,603$0$0$2,900,318
77$6,925,401$0$0$3,160,833
78$7,546,301$0$0$3,446,807
79$8,227,839$0$0$3,760,804
80$8,976,117$0$0$4,105,645
81$9,797,853$0$0$4,484,438
82$10,700,451$0$0$4,900,609
83$11,692,065$0$0$5,357,930
84$12,781,680$0$0$5,860,558
85$13,979,191$0$0$6,413,071
86$15,295,502$0$0$7,020,516
87$16,742,626$0$0$7,688,449
88$18,333,796$0$0$8,422,994
89$20,083,594$0$0$9,230,897
90$22,008,083$0$0$10,119,593
91$24,124,963$0$0$11,097,271
92$26,453,734$0$0$12,172,955
93$29,015,883$0$0$13,356,586
94$31,835,082$0$0$14,659,121
95$34,937,417$0$0$16,092,630
96$38,351,627$0$0$17,670,412
97$42,109,381$0$0$19,407,123
98$46,245,571$0$0$21,318,909
99$50,798,645$0$0$23,423,564
100$55,810,967$0$0$25,740,693