Can I retire at age 45 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$53,098$52,625$52,164$51,714$51,274$50,280
2 years$26,286$25,797$25,322$24,862$24,416$23,419
3 years$17,350$16,858$16,385$15,929$15,491$14,521
4 years$12,883$12,393$11,924$11,476$11,048$10,113
5 years$10,203$9,716$9,254$8,815$8,399$7,502
6 years$8,417$7,934$7,478$7,049$6,645$5,787
7 years$7,142$6,663$6,215$5,796$5,405$4,586
8 years$6,186$5,711$5,270$4,862$4,484$3,703
9 years$5,443$4,973$4,539$4,141$3,776$3,034
10 years$4,849$4,383$3,958$3,570$3,217$2,513
11 years$4,364$3,902$3,484$3,107$2,767$2,099
12 years$3,959$3,502$3,092$2,725$2,398$1,766
13 years$3,617$3,165$2,763$2,406$2,091$1,494
14 years$3,324$2,877$2,482$2,136$1,833$1,270
15 years$3,070$2,628$2,241$1,905$1,614$1,083
16 years$2,849$2,411$2,032$1,705$1,426$927
17 years$2,653$2,221$1,849$1,532$1,265$795
18 years$2,480$2,052$1,688$1,381$1,124$684
19 years$2,325$1,902$1,545$1,248$1,002$589
20 years$2,185$1,767$1,418$1,130$895$509
21 years$2,059$1,646$1,304$1,026$801$440
22 years$1,945$1,537$1,202$933$718$380
23 years$1,841$1,437$1,110$849$645$329
24 years$1,745$1,347$1,027$775$579$286
25 years$1,658$1,264$951$707$521$248
26 years$1,577$1,188$882$647$470$215
27 years$1,502$1,118$819$592$423$187
28 years$1,433$1,053$761$542$382$162
29 years$1,369$994$708$497$345$141
30 years$1,309$938$660$456$312$123
31 years$1,253$887$615$419$282$107
32 years$1,201$839$574$385$255$93
33 years$1,152$795$536$354$231$81
34 years$1,105$753$501$326$209$70
35 years$1,062$715$468$300$189$61
36 years$1,021$678$438$276$171$53
37 years$983$644$410$255$155$47
38 years$946$612$384$235$141$41
39 years$912$582$360$216$128$35
40 years$879$554$337$200$116$31
41 years$848$527$316$184$105$27
42 years$819$502$296$170$95$23
43 years$791$478$278$157$87$20
44 years$764$456$261$145$79$18
45 years$739$435$245$134$71$15
46 years$714$415$230$124$65$13
47 years$691$396$216$114$59$12
48 years$669$378$203$106$53$10
49 years$648$361$191$98$49$9
50 years$628$345$180$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $643,000, adding $3,787 every year, while hoping to spend $57,252 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: 30/43/27 Blend
44$643,000$643,000$643,000$643,000
45$712,492$678,413$668,447$727,851
46$724,251$650,740$629,924$712,442
47$735,290$619,792$588,192$690,603
48$745,476$585,348$543,083$665,967
49$754,659$547,174$494,420$638,329
50$762,672$505,024$442,022$607,472
51$769,331$458,637$385,696$573,164
52$774,429$407,736$325,243$535,156
53$777,735$352,029$260,453$493,182
54$778,994$291,209$191,108$446,959
55$777,922$224,949$116,981$396,181
56$774,205$152,906$37,834$340,524
57$767,492$74,716$0$279,639
58$757,394$0$0$226,586
59$743,484$0$0$184,770
60$725,282$0$0$176,830
61$702,262$0$0$167,236
62$673,838$0$0$155,794
63$639,363$0$0$142,287
64$598,121$0$0$126,476
65$549,318$0$0$108,097
66$492,079$0$0$86,859
67$425,433$0$0$62,437
68$348,310$0$0$34,476
69$259,523$0$0$2,582
70$157,764$0$0$0
71$41,586$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0