Can I retire at age 45 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$53,263$52,789$52,326$51,874$51,433$50,312
2 years$26,368$25,877$25,401$24,940$24,492$23,369
3 years$17,404$16,911$16,436$15,979$15,539$14,448
4 years$12,923$12,431$11,961$11,512$11,082$10,032
5 years$10,235$9,746$9,282$8,842$8,425$7,418
6 years$8,444$7,959$7,502$7,071$6,666$5,704
7 years$7,165$6,684$6,234$5,814$5,421$4,504
8 years$6,206$5,729$5,287$4,877$4,498$3,625
9 years$5,460$4,988$4,554$4,154$3,788$2,959
10 years$4,864$4,397$3,970$3,581$3,227$2,442
11 years$4,377$3,914$3,495$3,116$2,775$2,032
12 years$3,971$3,513$3,102$2,734$2,405$1,703
13 years$3,628$3,175$2,771$2,413$2,097$1,435
14 years$3,334$2,886$2,490$2,142$1,839$1,214
15 years$3,080$2,636$2,248$1,911$1,619$1,032
16 years$2,858$2,419$2,038$1,711$1,431$879
17 years$2,662$2,228$1,855$1,537$1,269$751
18 years$2,488$2,058$1,693$1,385$1,128$643
19 years$2,332$1,908$1,550$1,252$1,005$552
20 years$2,192$1,773$1,422$1,134$898$474
21 years$2,066$1,651$1,308$1,029$804$408
22 years$1,951$1,541$1,206$935$720$351
23 years$1,847$1,442$1,113$852$647$303
24 years$1,751$1,351$1,030$777$581$261
25 years$1,663$1,268$954$710$523$226
26 years$1,582$1,191$885$649$471$195
27 years$1,507$1,121$821$594$425$168
28 years$1,438$1,056$764$544$383$146
29 years$1,373$997$711$499$346$126
30 years$1,313$941$662$458$313$109
31 years$1,257$890$617$421$283$94
32 years$1,204$842$576$387$256$82
33 years$1,155$797$538$355$231$71
34 years$1,109$756$502$327$210$61
35 years$1,065$717$470$301$190$53
36 years$1,024$680$439$277$172$46
37 years$986$646$411$255$156$40
38 years$949$614$385$235$141$35
39 years$915$584$361$217$128$30
40 years$882$556$338$200$116$26
41 years$851$529$317$185$105$23
42 years$821$504$297$171$96$20
43 years$793$480$279$157$87$17
44 years$766$457$262$145$79$15
45 years$741$436$246$134$72$13
46 years$717$416$231$124$65$11
47 years$693$397$217$115$59$10
48 years$671$379$204$106$54$8
49 years$650$362$192$98$49$7
50 years$630$346$180$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $645,000, adding $3,117 every year, while hoping to spend $49,077 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: 69/6/25 Blend
44$645,000$645,000$645,000$645,000
45$714,005$679,820$669,823$758,506
46$734,616$660,914$640,044$769,823
47$755,685$639,436$607,623$776,249
48$777,205$615,210$572,420$782,131
49$799,171$588,046$534,286$787,413
50$821,572$557,745$493,071$792,038
51$844,396$524,098$448,612$795,940
52$867,627$486,882$400,743$799,051
53$891,247$445,861$349,290$801,296
54$915,232$400,786$294,069$802,596
55$939,555$351,394$234,890$802,864
56$964,185$297,407$171,554$802,008
57$989,084$238,533$103,853$799,926
58$1,014,209$174,460$31,571$796,511
59$1,039,511$104,860$0$791,646
60$1,064,931$29,389$0$797,360
61$1,090,406$0$0$811,139
62$1,115,859$0$0$827,926
63$1,141,208$0$0$846,552
64$1,166,355$0$0$865,006
65$1,191,192$0$0$883,203
66$1,215,598$0$0$901,050
67$1,239,434$0$0$918,442
68$1,262,547$0$0$935,261
69$1,284,763$0$0$951,373
70$1,305,889$0$0$966,633
71$1,325,707$0$0$980,872
72$1,343,974$0$0$993,907
73$1,360,421$0$0$1,005,530
74$1,374,746$0$0$1,015,511
75$1,386,611$0$0$1,023,594
76$1,395,644$0$0$1,029,494
77$1,401,427$0$0$1,032,892
78$1,403,498$0$0$1,033,436
79$1,401,343$0$0$1,030,734
80$1,394,391$0$0$1,024,351
81$1,382,008$0$0$1,013,804
82$1,363,492$0$0$998,558
83$1,338,064$0$0$978,019
84$1,304,860$0$0$951,529
85$1,262,924$0$0$918,361
86$1,211,197$0$0$877,708
87$1,148,507$0$0$828,677
88$1,073,556$0$0$770,280
89$984,909$0$0$701,425
90$880,978$0$0$620,902
91$760,009$0$0$527,376
92$620,058$0$0$419,370
93$458,983$0$0$295,250
94$274,412$0$0$153,212
95$63,726$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