Can I retire at age 45 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$50,291$49,843$49,406$48,979$48,563$47,312
2 years$24,896$24,433$23,983$23,548$23,125$21,873
3 years$16,433$15,967$15,519$15,087$14,671$13,458
4 years$12,202$11,737$11,294$10,869$10,464$9,298
5 years$9,664$9,202$8,764$8,349$7,954$6,839
6 years$7,972$7,514$7,083$6,677$6,294$5,230
7 years$6,765$6,311$5,886$5,489$5,119$4,107
8 years$5,859$5,409$4,992$4,605$4,247$3,286
9 years$5,156$4,710$4,299$3,922$3,576$2,666
10 years$4,593$4,151$3,748$3,381$3,047$2,187
11 years$4,133$3,696$3,300$2,942$2,621$1,808
12 years$3,750$3,317$2,929$2,581$2,271$1,505
13 years$3,426$2,998$2,617$2,279$1,980$1,260
14 years$3,148$2,725$2,351$2,023$1,736$1,059
15 years$2,908$2,489$2,123$1,804$1,528$893
16 years$2,698$2,284$1,924$1,615$1,351$756
17 years$2,513$2,103$1,751$1,451$1,198$641
18 years$2,349$1,944$1,599$1,308$1,065$545
19 years$2,202$1,801$1,463$1,182$949$464
20 years$2,070$1,674$1,343$1,070$848$396
21 years$1,951$1,559$1,235$971$759$338
22 years$1,842$1,455$1,139$883$680$289
23 years$1,743$1,361$1,051$804$611$247
24 years$1,653$1,275$972$734$549$211
25 years$1,570$1,197$901$670$494$181
26 years$1,494$1,125$835$613$445$155
27 years$1,423$1,059$776$561$401$133
28 years$1,357$998$721$514$362$114
29 years$1,296$941$671$471$327$98
30 years$1,240$889$625$432$295$84
31 years$1,187$840$583$397$267$72
32 years$1,137$795$544$365$241$62
33 years$1,091$753$508$336$219$53
34 years$1,047$713$474$309$198$46
35 years$1,006$677$443$284$179$39
36 years$967$642$415$262$162$34
37 years$931$610$388$241$147$29
38 years$896$580$364$222$133$25
39 years$864$551$341$205$121$21
40 years$833$525$319$189$110$18
41 years$803$499$299$174$100$16
42 years$775$476$281$161$90$14
43 years$749$453$263$149$82$12
44 years$724$432$247$137$74$10
45 years$700$412$232$127$68$9
46 years$677$393$218$117$61$7
47 years$655$375$205$108$56$6
48 years$634$358$193$100$51$5
49 years$614$342$181$92$46$5
50 years$595$326$170$85$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $609,000, adding $5,944 every year, while hoping to spend $21,070 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: 68/16/16 Blend
44$609,000$609,000$609,000$609,000
45$677,249$644,972$635,533$720,341
46$723,910$654,158$634,405$759,019
47$774,625$663,087$632,533$798,270
48$829,784$671,725$629,870$840,673
49$889,817$680,035$626,366$886,538
50$955,199$687,978$621,970$936,203
51$1,026,451$695,510$616,627$990,042
52$1,104,145$702,587$610,281$1,048,470
53$1,188,914$709,159$602,871$1,111,940
54$1,281,452$715,177$594,336$1,180,956
55$1,382,524$720,584$584,610$1,256,069
56$1,492,971$725,322$573,624$1,337,889
57$1,613,721$729,330$561,308$1,427,090
58$1,745,794$732,541$547,585$1,524,412
59$1,890,315$734,885$532,379$1,630,673
60$2,048,519$736,287$515,606$1,746,774
61$2,221,770$736,667$497,181$1,873,709
62$2,411,569$735,941$477,014$2,012,572
63$2,619,566$734,020$455,012$2,164,573
64$2,847,583$730,809$431,076$2,331,041
65$3,097,624$726,206$405,104$2,513,447
66$3,371,896$720,104$376,990$2,713,407
67$3,672,831$712,390$346,620$2,932,707
68$4,003,106$702,944$313,878$3,173,314
69$4,365,673$691,638$278,643$3,437,398
70$4,763,780$678,336$240,786$3,727,350
71$5,201,007$662,897$200,174$4,045,807
72$5,681,298$645,167$156,668$4,395,675
73$6,208,997$624,987$110,124$4,780,158
74$6,788,890$602,187$60,388$5,202,791
75$7,426,250$576,587$7,304$5,667,466
76$8,126,884$547,996$0$6,178,479
77$8,897,192$516,214$0$6,748,986
78$9,744,225$481,027$0$7,377,660
79$10,675,750$442,212$0$8,069,035
80$11,700,325$399,529$0$8,829,484
81$12,827,380$352,727$0$9,666,031
82$14,067,303$301,542$0$10,586,416
83$15,431,542$245,691$0$11,599,169
84$16,932,709$184,880$0$12,713,693
85$18,584,700$118,793$0$13,940,347
86$20,402,826$47,101$0$15,290,549
87$22,403,960$0$0$16,776,885
88$24,606,691$0$0$18,418,599
89$27,031,503$0$0$20,235,005
90$29,700,966$0$0$22,234,722
91$32,639,950$0$0$24,436,386
92$35,875,859$0$0$26,860,533
93$39,438,890$0$0$29,529,788
94$43,362,317$0$0$32,469,087
95$47,682,803$0$0$35,705,902
96$52,440,752$0$0$39,270,510
97$57,680,681$0$0$43,196,269
98$63,451,649$0$0$47,519,941
99$69,807,714$0$0$52,282,033
100$76,808,443$0$0$57,527,184