Can I retire at age 45 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$52,685$52,216$51,758$51,311$50,875$49,405
2 years$26,082$25,596$25,125$24,669$24,226$22,757
3 years$17,215$16,727$16,258$15,806$15,370$13,947
4 years$12,783$12,296$11,832$11,387$10,962$9,597
5 years$10,124$9,641$9,182$8,746$8,333$7,029
6 years$8,352$7,872$7,420$6,995$6,594$5,353
7 years$7,087$6,611$6,166$5,751$5,363$4,184
8 years$6,138$5,667$5,229$4,824$4,449$3,332
9 years$5,401$4,934$4,504$4,109$3,746$2,690
10 years$4,812$4,349$3,927$3,542$3,192$2,195
11 years$4,330$3,872$3,457$3,083$2,745$1,806
12 years$3,928$3,475$3,068$2,704$2,379$1,496
13 years$3,589$3,140$2,741$2,387$2,075$1,245
14 years$3,298$2,855$2,463$2,119$1,819$1,041
15 years$3,047$2,608$2,224$1,890$1,601$873
16 years$2,827$2,393$2,016$1,692$1,415$735
17 years$2,633$2,203$1,835$1,520$1,255$619
18 years$2,461$2,036$1,675$1,370$1,116$523
19 years$2,307$1,887$1,533$1,238$994$443
20 years$2,168$1,754$1,407$1,121$888$375
21 years$2,043$1,633$1,294$1,018$795$319
22 years$1,930$1,525$1,193$925$713$271
23 years$1,827$1,426$1,101$843$640$230
24 years$1,732$1,336$1,019$769$575$196
25 years$1,645$1,254$943$702$517$166
26 years$1,565$1,178$875$642$466$142
27 years$1,491$1,109$812$587$420$121
28 years$1,422$1,045$755$538$379$103
29 years$1,358$986$703$494$342$88
30 years$1,299$931$655$453$309$75
31 years$1,243$880$610$416$280$64
32 years$1,191$833$569$382$253$54
33 years$1,143$789$532$352$229$46
34 years$1,097$747$497$323$207$40
35 years$1,054$709$464$298$188$34
36 years$1,013$673$435$274$170$29
37 years$975$639$407$253$154$25
38 years$939$607$381$233$140$21
39 years$905$578$357$215$127$18
40 years$872$549$334$198$115$15
41 years$841$523$314$183$104$13
42 years$812$498$294$169$95$11
43 years$784$475$276$156$86$10
44 years$758$452$259$144$78$8
45 years$733$431$243$133$71$7
46 years$709$412$229$123$64$6
47 years$686$393$215$113$58$5
48 years$664$375$202$105$53$4
49 years$643$358$190$97$48$4
50 years$623$342$178$89$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $638,000, adding $6,330 every year, while hoping to spend $39,841 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: 57/35/8 Blend
44$638,000$638,000$638,000$638,000
45$709,605$675,791$665,902$748,396
46$739,595$666,515$645,820$765,981
47$771,307$655,448$623,729$780,116
48$804,878$642,462$599,520$794,541
49$840,451$627,419$573,080$809,288
50$878,188$610,173$544,289$824,393
51$918,262$590,570$513,022$839,901
52$960,864$568,448$479,148$855,860
53$1,006,204$543,633$442,530$872,326
54$1,054,508$515,943$403,027$889,366
55$1,106,029$485,185$360,489$907,051
56$1,161,040$451,154$314,761$925,468
57$1,219,841$413,636$265,681$944,712
58$1,282,761$372,400$213,078$964,893
59$1,350,162$327,207$156,775$986,133
60$1,422,439$277,801$96,588$1,008,574
61$1,500,027$223,913$32,323$1,032,372
62$1,583,403$165,258$0$1,057,707
63$1,673,090$101,536$0$1,087,875
64$1,769,663$32,428$0$1,123,153
65$1,873,753$0$0$1,161,052
66$1,986,052$0$0$1,218,208
67$2,107,324$0$0$1,293,460
68$2,238,404$0$0$1,374,844
69$2,380,212$0$0$1,462,937
70$2,533,759$0$0$1,558,373
71$2,700,158$0$0$1,661,849
72$2,880,630$0$0$1,774,133
73$3,076,519$0$0$1,896,067
74$3,289,304$0$0$2,028,578
75$3,520,611$0$0$2,172,688
76$3,772,229$0$0$2,329,519
77$4,046,126$0$0$2,500,305
78$4,344,468$0$0$2,686,407
79$4,669,639$0$0$2,889,321
80$5,024,261$0$0$3,110,691
81$5,411,222$0$0$3,352,331
82$5,833,699$0$0$3,616,236
83$6,295,191$0$0$3,904,601
84$6,799,547$0$0$4,219,843
85$7,351,010$0$0$4,564,625
86$7,954,245$0$0$4,941,877
87$8,614,394$0$0$5,354,826
88$9,337,115$0$0$5,807,025
89$10,128,641$0$0$6,302,388
90$10,995,837$0$0$6,845,224
91$11,946,259$0$0$7,440,278
92$12,988,233$0$0$8,092,779
93$14,130,928$0$0$8,808,483
94$15,384,441$0$0$9,593,732
95$16,759,895$0$0$10,455,510
96$18,269,543$0$0$11,401,510
97$19,926,878$0$0$12,440,207
98$21,746,768$0$0$13,580,938
99$23,745,588$0$0$14,833,986
100$25,941,379$0$0$16,210,681