Can I retire at age 45 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$53,511$53,035$52,570$52,116$51,672$49,642
2 years$26,491$25,997$25,519$25,056$24,606$22,585
3 years$17,485$16,990$16,513$16,053$15,611$13,663
4 years$12,983$12,489$12,017$11,566$11,134$9,274
5 years$10,283$9,792$9,326$8,883$8,464$6,697
6 years$8,483$7,996$7,537$7,104$6,697$5,024
7 years$7,198$6,715$6,263$5,841$5,447$3,867
8 years$6,235$5,756$5,311$4,900$4,518$3,031
9 years$5,486$5,011$4,575$4,173$3,805$2,407
10 years$4,887$4,417$3,988$3,598$3,242$1,931
11 years$4,397$3,932$3,511$3,131$2,788$1,561
12 years$3,990$3,530$3,116$2,746$2,416$1,270
13 years$3,645$3,190$2,784$2,425$2,107$1,038
14 years$3,350$2,899$2,502$2,152$1,847$852
15 years$3,094$2,649$2,259$1,919$1,626$701
16 years$2,871$2,430$2,048$1,719$1,437$578
17 years$2,674$2,238$1,863$1,544$1,274$478
18 years$2,499$2,068$1,701$1,392$1,133$396
19 years$2,343$1,917$1,557$1,257$1,010$328
20 years$2,202$1,781$1,429$1,139$902$272
21 years$2,075$1,659$1,314$1,034$807$226
22 years$1,960$1,549$1,211$940$724$188
23 years$1,855$1,448$1,119$856$650$157
24 years$1,759$1,357$1,035$781$584$130
25 years$1,671$1,273$958$713$525$109
26 years$1,589$1,197$889$652$473$90
27 years$1,514$1,126$825$597$427$75
28 years$1,444$1,061$767$547$385$63
29 years$1,379$1,001$714$501$348$52
30 years$1,319$946$665$460$314$44
31 years$1,263$894$620$423$284$36
32 years$1,210$846$578$388$257$30
33 years$1,160$801$540$357$232$25
34 years$1,114$759$505$329$210$21
35 years$1,070$720$472$302$191$18
36 years$1,029$683$441$279$173$15
37 years$990$649$413$257$157$12
38 years$954$617$387$237$142$10
39 years$919$587$362$218$129$9
40 years$886$558$340$201$117$7
41 years$855$531$319$186$106$6
42 years$825$506$299$171$96$5
43 years$797$482$280$158$87$4
44 years$770$460$263$146$79$3
45 years$744$438$247$135$72$3
46 years$720$418$232$125$65$2
47 years$697$399$218$115$59$2
48 years$674$381$205$106$54$2
49 years$653$364$193$98$49$1
50 years$633$347$181$91$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $648,000, adding $3,424 every year, while hoping to spend $42,286 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: 36/49/15 Blend
44$648,000$648,000$648,000$648,000
45$717,628$683,284$673,240$740,049
46$745,834$671,773$650,801$745,034
47$775,500$658,280$626,194$746,146
48$806,730$642,665$599,300$746,436
49$839,637$624,777$569,998$745,853
50$874,345$604,456$538,158$744,344
51$910,990$581,536$503,648$741,856
52$949,717$555,837$466,326$738,333
53$990,687$527,172$426,047$733,721
54$1,034,075$495,341$382,658$727,962
55$1,080,072$460,135$335,998$720,999
56$1,128,888$421,330$285,903$712,776
57$1,180,750$378,690$232,196$703,235
58$1,235,909$331,968$174,697$692,320
59$1,294,638$280,901$113,215$679,973
60$1,357,235$225,210$47,552$666,141
61$1,424,031$164,602$0$650,772
62$1,495,382$98,768$0$637,419
63$1,571,683$27,380$0$630,787
64$1,653,366$0$0$623,252
65$1,740,904$0$0$641,722
66$1,834,816$0$0$677,438
67$1,935,672$0$0$715,859
68$2,044,096$0$0$757,233
69$2,160,776$0$0$801,831
70$2,286,465$0$0$849,950
71$2,421,991$0$0$901,916
72$2,568,263$0$0$958,088
73$2,726,281$0$0$1,018,862
74$2,897,142$0$0$1,084,671
75$3,082,053$0$0$1,155,991
76$3,282,342$0$0$1,233,348
77$3,499,467$0$0$1,317,318
78$3,735,031$0$0$1,408,535
79$3,990,800$0$0$1,507,697
80$4,268,713$0$0$1,615,571
81$4,570,906$0$0$1,733,003
82$4,899,725$0$0$1,860,921
83$5,257,756$0$0$2,000,347
84$5,647,841$0$0$2,152,408
85$6,073,109$0$0$2,318,342
86$6,537,003$0$0$2,499,512
87$7,043,315$0$0$2,697,420
88$7,596,216$0$0$2,913,718
89$8,200,300$0$0$3,150,224
90$8,860,621$0$0$3,408,943
91$9,582,748$0$0$3,692,078
92$10,372,810$0$0$4,002,060
93$11,237,556$0$0$4,341,561
94$12,184,417$0$0$4,713,527
95$13,221,578$0$0$5,121,200
96$14,358,052$0$0$5,568,154
97$15,603,764$0$0$6,058,322
98$16,969,646$0$0$6,596,037
99$18,467,738$0$0$7,186,071
100$20,111,303$0$0$7,833,681