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%13.5%
1 years$50,291$49,843$49,406$48,979$48,563$47,857
2 years$24,896$24,433$23,983$23,548$23,125$22,415
3 years$16,433$15,967$15,519$15,087$14,671$13,980
4 years$12,202$11,737$11,294$10,869$10,464$9,796
5 years$9,664$9,202$8,764$8,349$7,954$7,312
6 years$7,972$7,514$7,083$6,677$6,294$5,678
7 years$6,765$6,311$5,886$5,489$5,119$4,529
8 years$5,859$5,409$4,992$4,605$4,247$3,683
9 years$5,156$4,710$4,299$3,922$3,576$3,039
10 years$4,593$4,151$3,748$3,381$3,047$2,536
11 years$4,133$3,696$3,300$2,942$2,621$2,135
12 years$3,750$3,317$2,929$2,581$2,271$1,810
13 years$3,426$2,998$2,617$2,279$1,980$1,543
14 years$3,148$2,725$2,351$2,023$1,736$1,322
15 years$2,908$2,489$2,123$1,804$1,528$1,137
16 years$2,698$2,284$1,924$1,615$1,351$981
17 years$2,513$2,103$1,751$1,451$1,198$849
18 years$2,349$1,944$1,599$1,308$1,065$737
19 years$2,202$1,801$1,463$1,182$949$640
20 years$2,070$1,674$1,343$1,070$848$558
21 years$1,951$1,559$1,235$971$759$486
22 years$1,842$1,455$1,139$883$680$425
23 years$1,743$1,361$1,051$804$611$371
24 years$1,653$1,275$972$734$549$325
25 years$1,570$1,197$901$670$494$285
26 years$1,494$1,125$835$613$445$249
27 years$1,423$1,059$776$561$401$219
28 years$1,357$998$721$514$362$192
29 years$1,296$941$671$471$327$168
30 years$1,240$889$625$432$295$148
31 years$1,187$840$583$397$267$130
32 years$1,137$795$544$365$241$114
33 years$1,091$753$508$336$219$100
34 years$1,047$713$474$309$198$88
35 years$1,006$677$443$284$179$78
36 years$967$642$415$262$162$68
37 years$931$610$388$241$147$60
38 years$896$580$364$222$133$53
39 years$864$551$341$205$121$47
40 years$833$525$319$189$110$41
41 years$803$499$299$174$100$36
42 years$775$476$281$161$90$32
43 years$749$453$263$149$82$28
44 years$724$432$247$137$74$25
45 years$700$412$232$127$68$22
46 years$677$393$218$117$61$19
47 years$655$375$205$108$56$17
48 years$634$358$193$100$51$15
49 years$614$342$181$92$46$13
50 years$595$326$170$85$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $609,000, adding $3,277 every year, while hoping to spend $28,891 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: 41/48/11 Blend
44$609,000$609,000$609,000$609,000
45$674,498$642,221$632,782$699,827
46$712,557$642,950$623,240$718,661
47$753,530$642,747$612,411$735,906
48$797,683$641,534$600,219$753,928
49$845,310$639,232$586,590$772,809
50$896,731$635,755$571,440$792,643
51$952,302$631,011$554,688$813,533
52$1,012,410$624,904$536,243$835,597
53$1,077,482$617,331$516,014$858,966
54$1,147,989$608,184$493,904$883,786
55$1,224,447$597,347$469,813$910,222
56$1,307,423$584,700$443,634$938,456
57$1,397,543$570,113$415,258$968,694
58$1,495,492$553,448$384,569$1,001,164
59$1,602,028$534,563$351,448$1,036,121
60$1,717,981$513,303$315,768$1,073,850
61$1,844,267$489,506$277,397$1,114,667
62$1,981,892$463,001$236,200$1,158,926
63$2,131,964$433,608$192,032$1,207,020
64$2,295,703$401,133$144,743$1,259,386
65$2,474,451$365,375$94,179$1,316,512
66$2,669,686$326,119$40,174$1,378,938
67$2,883,034$283,139$0$1,447,266
68$3,116,287$236,196$0$1,524,214
69$3,371,415$185,037$0$1,613,641
70$3,650,591$129,395$0$1,711,673
71$3,956,204$68,989$0$1,819,248
72$4,290,887$3,520$0$1,937,406
73$4,657,539$0$0$2,067,298
74$5,059,353$0$0$2,245,760
75$5,499,844$0$0$2,443,518
76$5,982,885$0$0$2,660,460
77$6,512,741$0$0$2,898,514
78$7,094,110$0$0$3,159,800
79$7,732,166$0$0$3,446,654
80$8,432,609$0$0$3,761,651
81$9,201,718$0$0$4,107,626
82$10,046,408$0$0$4,487,703
83$10,974,300$0$0$4,905,322
84$11,993,787$0$0$5,364,274
85$13,114,114$0$0$5,868,735
86$14,345,469$0$0$6,423,307
87$15,699,074$0$0$7,033,057
88$17,187,294$0$0$7,703,572
89$18,823,750$0$0$8,441,002
90$20,623,449$0$0$9,252,128
91$22,602,928$0$0$10,144,419
92$24,780,405$0$0$11,126,103
93$27,175,951$0$0$12,206,248
94$29,811,683$0$0$13,394,845
95$32,711,970$0$0$14,702,900
96$35,903,659$0$0$16,142,543
97$39,416,335$0$0$17,727,138
98$43,282,596$0$0$19,471,410
99$47,538,357$0$0$21,391,585
100$52,223,195$0$0$23,505,542