Can I retire at age 45 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$53,429$52,953$52,488$52,035$51,593$51,075
2 years$26,450$25,957$25,480$25,017$24,568$24,047
3 years$17,458$16,963$16,487$16,029$15,587$15,078
4 years$12,963$12,470$11,998$11,548$11,117$10,624
5 years$10,267$9,777$9,311$8,870$8,451$7,976
6 years$8,470$7,983$7,525$7,093$6,687$6,231
7 years$7,187$6,704$6,253$5,832$5,438$5,000
8 years$6,225$5,747$5,303$4,892$4,511$4,092
9 years$5,477$5,004$4,568$4,167$3,799$3,399
10 years$4,879$4,410$3,982$3,592$3,237$2,855
11 years$4,391$3,926$3,506$3,126$2,784$2,419
12 years$3,984$3,524$3,111$2,742$2,413$2,065
13 years$3,639$3,185$2,780$2,421$2,104$1,774
14 years$3,345$2,895$2,498$2,149$1,844$1,531
15 years$3,090$2,645$2,255$1,916$1,624$1,327
16 years$2,866$2,426$2,045$1,716$1,435$1,154
17 years$2,670$2,235$1,860$1,542$1,272$1,006
18 years$2,495$2,065$1,698$1,389$1,131$880
19 years$2,339$1,914$1,555$1,255$1,008$771
20 years$2,199$1,778$1,427$1,137$901$677
21 years$2,072$1,656$1,312$1,032$806$595
22 years$1,957$1,546$1,210$938$723$524
23 years$1,852$1,446$1,117$855$649$462
24 years$1,756$1,355$1,033$779$583$408
25 years$1,668$1,271$957$712$525$360
26 years$1,587$1,195$887$651$473$318
27 years$1,512$1,125$824$596$426$282
28 years$1,442$1,060$766$546$384$249
29 years$1,377$1,000$713$501$347$221
30 years$1,317$944$664$459$314$196
31 years$1,261$893$619$422$284$174
32 years$1,208$845$577$388$257$154
33 years$1,159$800$539$357$232$137
34 years$1,112$758$504$328$210$121
35 years$1,069$719$471$302$190$108
36 years$1,028$682$441$278$172$96
37 years$989$648$412$256$156$85
38 years$952$616$386$236$142$75
39 years$917$586$362$218$129$67
40 years$885$557$339$201$117$60
41 years$853$530$318$185$106$53
42 years$824$505$298$171$96$47
43 years$796$481$280$158$87$42
44 years$769$459$263$146$79$37
45 years$743$438$247$135$72$33
46 years$719$417$232$124$65$29
47 years$696$398$218$115$59$26
48 years$673$380$205$106$54$23
49 years$652$363$192$98$49$21
50 years$632$347$181$91$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $647,000, adding $2,105 every year, while hoping to spend $33,641 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: 81/10/9 Blend
44$647,000$647,000$647,000$647,000
45$715,165$680,874$670,846$771,997
46$752,318$678,443$657,525$807,103
47$792,134$674,766$642,631$840,974
48$834,847$669,745$626,075$877,140
49$880,717$663,279$607,765$915,812
50$930,029$655,258$587,603$957,224
51$983,094$645,568$565,490$1,001,633
52$1,040,256$634,086$541,320$1,049,323
53$1,101,889$620,684$514,981$1,100,605
54$1,168,408$605,224$486,360$1,155,825
55$1,240,268$587,561$455,334$1,215,360
56$1,317,966$567,543$421,779$1,279,629
57$1,402,052$545,006$385,562$1,349,092
58$1,493,129$519,779$346,546$1,424,257
59$1,591,860$491,680$304,587$1,505,684
60$1,698,974$460,517$259,535$1,593,989
61$1,815,273$426,086$211,234$1,689,853
62$1,941,639$388,172$159,518$1,794,026
63$2,079,043$346,549$104,219$1,907,333
64$2,228,551$300,976$45,156$2,030,686
65$2,391,339$251,200$0$2,165,089
66$2,568,699$196,952$0$2,313,368
67$2,762,053$137,950$0$2,479,765
68$2,972,967$73,893$0$2,661,306
69$3,203,163$4,467$0$2,859,495
70$3,454,538$0$0$3,075,991
71$3,729,180$0$0$3,320,395
72$4,029,387$0$0$3,588,103
73$4,357,690$0$0$3,880,882
74$4,716,875$0$0$4,201,218
75$5,110,010$0$0$4,551,850
76$5,540,474$0$0$4,935,792
77$6,011,985$0$0$5,356,366
78$6,528,642$0$0$5,817,227
79$7,094,956$0$0$6,322,404
80$7,715,896$0$0$6,876,331
81$8,396,936$0$0$7,483,893
82$9,144,104$0$0$8,150,471
83$9,964,039$0$0$8,881,992
84$10,864,055$0$0$9,684,983
85$11,852,209$0$0$10,566,635
86$12,937,375$0$0$11,534,871
87$14,129,330$0$0$12,598,415
88$15,438,843$0$0$13,766,881
89$16,877,779$0$0$15,050,858
90$18,459,207$0$0$16,462,013
91$20,197,528$0$0$18,013,199
92$22,108,605$0$0$19,718,576
93$24,209,917$0$0$21,593,744
94$26,520,718$0$0$23,655,892
95$29,062,225$0$0$25,923,956
96$31,857,813$0$0$28,418,799
97$34,933,234$0$0$31,163,411
98$38,316,864$0$0$34,183,118
99$42,039,969$0$0$37,505,829
100$46,136,997$0$0$41,162,291