Can I retire at age 45 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$53,346$52,871$52,407$51,955$51,513$51,060
2 years$26,409$25,917$25,440$24,978$24,530$24,074
3 years$17,431$16,937$16,462$16,004$15,563$15,117
4 years$12,943$12,451$11,980$11,530$11,100$10,668
5 years$10,251$9,761$9,297$8,856$8,438$8,021
6 years$8,457$7,971$7,513$7,082$6,676$6,276
7 years$7,176$6,694$6,244$5,823$5,430$5,045
8 years$6,215$5,738$5,295$4,885$4,504$4,136
9 years$5,469$4,996$4,561$4,161$3,793$3,441
10 years$4,872$4,404$3,976$3,586$3,232$2,896
11 years$4,384$3,920$3,500$3,121$2,780$2,459
12 years$3,977$3,519$3,107$2,738$2,409$2,103
13 years$3,634$3,180$2,775$2,417$2,101$1,809
14 years$3,340$2,890$2,494$2,146$1,841$1,565
15 years$3,085$2,640$2,252$1,913$1,621$1,359
16 years$2,862$2,423$2,041$1,713$1,433$1,184
17 years$2,666$2,231$1,858$1,539$1,271$1,035
18 years$2,491$2,062$1,696$1,387$1,130$907
19 years$2,336$1,911$1,552$1,254$1,007$796
20 years$2,196$1,775$1,425$1,135$899$700
21 years$2,069$1,654$1,310$1,030$805$617
22 years$1,954$1,544$1,208$937$721$545
23 years$1,849$1,444$1,115$853$648$481
24 years$1,754$1,353$1,031$778$582$426
25 years$1,665$1,270$955$711$524$377
26 years$1,584$1,193$886$650$472$334
27 years$1,509$1,123$823$595$425$296
28 years$1,440$1,058$765$545$384$263
29 years$1,375$998$712$500$347$234
30 years$1,315$943$663$459$313$208
31 years$1,259$891$618$421$283$184
32 years$1,206$843$577$387$256$164
33 years$1,157$799$538$356$232$146
34 years$1,111$757$503$328$210$130
35 years$1,067$718$470$302$190$116
36 years$1,026$681$440$278$172$103
37 years$987$647$412$256$156$92
38 years$951$615$386$236$142$82
39 years$916$585$361$217$128$73
40 years$883$556$339$201$116$65
41 years$852$530$318$185$106$58
42 years$822$504$298$171$96$51
43 years$794$481$279$158$87$46
44 years$768$458$262$146$79$41
45 years$742$437$246$134$72$36
46 years$718$417$231$124$65$32
47 years$694$398$217$115$59$29
48 years$672$380$204$106$54$26
49 years$651$363$192$98$49$23
50 years$631$346$181$91$44$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $646,000, adding $5,563 every year, while hoping to spend $47,213 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: 37/40/23 Blend
44$646,000$646,000$646,000$646,000
45$717,630$683,392$673,379$739,050
46$740,594$666,644$645,703$738,448
47$764,318$647,493$615,518$733,013
48$788,830$625,771$582,689$726,196
49$814,158$601,302$547,076$717,900
50$840,333$573,896$508,534$708,024
51$867,386$543,357$466,909$696,463
52$895,351$509,473$422,042$683,103
53$924,263$472,023$373,766$667,825
54$954,157$430,771$321,907$650,506
55$985,073$385,471$266,283$631,013
56$1,017,050$335,858$206,703$609,208
57$1,050,131$281,657$142,969$584,944
58$1,084,360$222,575$74,875$558,068
59$1,119,786$158,301$2,204$528,419
60$1,156,456$88,510$0$495,824
61$1,194,424$12,857$0$478,598
62$1,233,745$0$0$459,839
63$1,274,478$0$0$469,249
64$1,316,684$0$0$484,870
65$1,360,430$0$0$501,069
66$1,405,786$0$0$517,873
67$1,452,826$0$0$535,311
68$1,501,628$0$0$553,412
69$1,552,278$0$0$572,210
70$1,604,865$0$0$591,739
71$1,659,485$0$0$612,037
72$1,716,240$0$0$633,143
73$1,775,240$0$0$655,101
74$1,836,603$0$0$677,956
75$1,900,453$0$0$701,756
76$1,966,926$0$0$726,557
77$2,036,167$0$0$752,413
78$2,108,333$0$0$779,386
79$2,183,590$0$0$807,543
80$2,262,120$0$0$836,955
81$2,344,118$0$0$867,699
82$2,429,794$0$0$899,857
83$2,519,376$0$0$933,521
84$2,613,111$0$0$968,788
85$2,711,265$0$0$1,005,764
86$2,814,126$0$0$1,044,563
87$2,922,008$0$0$1,085,311
88$3,035,250$0$0$1,128,142
89$3,154,222$0$0$1,173,204
90$3,279,324$0$0$1,220,656
91$3,410,993$0$0$1,270,675
92$3,549,703$0$0$1,323,449
93$3,695,971$0$0$1,379,185
94$3,850,361$0$0$1,438,110
95$4,013,487$0$0$1,500,470
96$4,186,020$0$0$1,566,535
97$4,368,689$0$0$1,636,598
98$4,562,296$0$0$1,710,981
99$4,767,712$0$0$1,790,036
100$4,985,893$0$0$1,874,148