Can I retire at age 45 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$52,933$52,462$52,002$51,553$51,114$49,379
2 years$26,205$25,717$25,244$24,785$24,340$22,610
3 years$17,296$16,806$16,334$15,880$15,442$13,771
4 years$12,843$12,354$11,887$11,441$11,014$9,413
5 years$10,172$9,686$9,225$8,787$8,372$6,848
6 years$8,391$7,909$7,455$7,027$6,625$5,177
7 years$7,120$6,642$6,195$5,778$5,388$4,017
8 years$6,167$5,694$5,254$4,847$4,470$3,175
9 years$5,426$4,957$4,525$4,128$3,764$2,543
10 years$4,834$4,370$3,945$3,559$3,207$2,058
11 years$4,350$3,890$3,473$3,097$2,758$1,679
12 years$3,947$3,491$3,083$2,717$2,390$1,379
13 years$3,606$3,155$2,754$2,398$2,084$1,138
14 years$3,314$2,868$2,474$2,129$1,827$943
15 years$3,061$2,620$2,234$1,899$1,609$783
16 years$2,840$2,404$2,026$1,700$1,422$653
17 years$2,645$2,214$1,843$1,527$1,261$545
18 years$2,472$2,046$1,683$1,377$1,121$456
19 years$2,318$1,896$1,540$1,244$999$382
20 years$2,179$1,762$1,414$1,127$892$321
21 years$2,053$1,641$1,300$1,022$799$270
22 years$1,939$1,532$1,198$930$716$227
23 years$1,835$1,433$1,107$847$643$191
24 years$1,740$1,342$1,023$772$578$161
25 years$1,653$1,260$948$705$520$135
26 years$1,572$1,184$879$645$468$114
27 years$1,498$1,114$816$590$422$96
28 years$1,429$1,050$759$541$381$81
29 years$1,365$990$706$496$344$68
30 years$1,305$935$658$455$311$58
31 years$1,249$884$613$418$281$49
32 years$1,197$837$572$384$254$41
33 years$1,148$792$534$353$230$35
34 years$1,102$751$499$325$208$29
35 years$1,059$712$467$299$189$25
36 years$1,018$676$437$276$171$21
37 years$980$642$409$254$155$18
38 years$943$610$383$234$140$15
39 years$909$580$358$216$127$13
40 years$876$552$336$199$115$11
41 years$845$526$315$184$105$9
42 years$816$500$296$169$95$8
43 years$788$477$277$156$86$6
44 years$762$455$260$144$78$5
45 years$736$433$244$133$71$5
46 years$712$414$230$123$65$4
47 years$689$395$216$114$59$3
48 years$667$377$203$105$53$3
49 years$646$360$191$97$48$2
50 years$626$344$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $641,000, adding $6,218 every year, while hoping to spend $41,628 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: 55/27/18 Blend
44$641,000$641,000$641,000$641,000
45$712,796$678,823$668,887$748,238
46$741,209$667,793$647,003$762,086
47$771,125$654,828$622,991$772,184
48$802,654$639,788$596,735$782,258
49$835,914$622,527$568,115$792,316
50$871,035$602,889$537,005$802,369
51$908,160$580,710$503,273$812,431
52$947,441$555,814$466,782$822,523
53$989,049$528,017$427,388$832,667
54$1,033,168$497,126$384,941$842,892
55$1,079,998$462,932$339,284$853,232
56$1,129,761$425,219$290,252$863,730
57$1,182,696$383,755$237,676$874,433
58$1,239,069$338,297$181,376$885,400
59$1,299,168$288,587$121,166$896,698
60$1,363,309$234,353$56,851$908,406
61$1,431,838$175,308$0$920,615
62$1,505,136$111,149$0$935,692
63$1,583,618$41,554$0$963,296
64$1,667,742$0$0$992,675
65$1,758,009$0$0$1,034,079
66$1,854,967$0$0$1,091,854
67$1,959,221$0$0$1,154,021
68$2,071,432$0$0$1,220,978
69$2,192,329$0$0$1,293,167
70$2,322,710$0$0$1,371,069
71$2,463,454$0$0$1,455,217
72$2,615,523$0$0$1,546,193
73$2,779,979$0$0$1,644,638
74$2,957,985$0$0$1,751,258
75$3,150,824$0$0$1,866,828
76$3,359,903$0$0$1,992,200
77$3,586,770$0$0$2,128,310
78$3,833,128$0$0$2,276,191
79$4,100,851$0$0$2,436,975
80$4,391,999$0$0$2,611,911
81$4,708,839$0$0$2,802,370
82$5,053,866$0$0$3,009,864
83$5,429,825$0$0$3,236,054
84$5,839,736$0$0$3,482,769
85$6,286,924$0$0$3,752,024
86$6,775,048$0$0$4,046,034
87$7,308,137$0$0$4,367,239
88$7,890,626$0$0$4,718,326
89$8,527,396$0$0$5,102,250
90$9,223,821$0$0$5,522,268
91$9,985,822$0$0$5,981,966
92$10,819,913$0$0$6,485,289
93$11,733,270$0$0$7,036,587
94$12,733,797$0$0$7,640,645
95$13,830,195$0$0$8,302,736
96$15,032,048$0$0$9,028,668
97$16,349,913$0$0$9,824,834
98$17,795,414$0$0$10,698,280
99$19,381,358$0$0$11,656,763
100$21,121,848$0$0$12,708,831