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%16.5%
1 years$50,291$49,843$49,406$48,979$48,563$47,273
2 years$24,896$24,433$23,983$23,548$23,125$21,835
3 years$16,433$15,967$15,519$15,087$14,671$13,421
4 years$12,202$11,737$11,294$10,869$10,464$9,263
5 years$9,664$9,202$8,764$8,349$7,954$6,806
6 years$7,972$7,514$7,083$6,677$6,294$5,200
7 years$6,765$6,311$5,886$5,489$5,119$4,078
8 years$5,859$5,409$4,992$4,605$4,247$3,259
9 years$5,156$4,710$4,299$3,922$3,576$2,641
10 years$4,593$4,151$3,748$3,381$3,047$2,164
11 years$4,133$3,696$3,300$2,942$2,621$1,787
12 years$3,750$3,317$2,929$2,581$2,271$1,486
13 years$3,426$2,998$2,617$2,279$1,980$1,242
14 years$3,148$2,725$2,351$2,023$1,736$1,042
15 years$2,908$2,489$2,123$1,804$1,528$878
16 years$2,698$2,284$1,924$1,615$1,351$742
17 years$2,513$2,103$1,751$1,451$1,198$628
18 years$2,349$1,944$1,599$1,308$1,065$533
19 years$2,202$1,801$1,463$1,182$949$453
20 years$2,070$1,674$1,343$1,070$848$386
21 years$1,951$1,559$1,235$971$759$329
22 years$1,842$1,455$1,139$883$680$281
23 years$1,743$1,361$1,051$804$611$240
24 years$1,653$1,275$972$734$549$205
25 years$1,570$1,197$901$670$494$175
26 years$1,494$1,125$835$613$445$150
27 years$1,423$1,059$776$561$401$128
28 years$1,357$998$721$514$362$110
29 years$1,296$941$671$471$327$94
30 years$1,240$889$625$432$295$81
31 years$1,187$840$583$397$267$69
32 years$1,137$795$544$365$241$59
33 years$1,091$753$508$336$219$51
34 years$1,047$713$474$309$198$44
35 years$1,006$677$443$284$179$37
36 years$967$642$415$262$162$32
37 years$931$610$388$241$147$28
38 years$896$580$364$222$133$24
39 years$864$551$341$205$121$20
40 years$833$525$319$189$110$17
41 years$803$499$299$174$100$15
42 years$775$476$281$161$90$13
43 years$749$453$263$149$82$11
44 years$724$432$247$137$74$9
45 years$700$412$232$127$68$8
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$4
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 $5,576 every year, while hoping to spend $45,389 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: 48/45/7 Blend
44$609,000$609,000$609,000$609,000
45$676,870$644,593$635,153$707,845
46$697,617$627,884$608,137$712,942
47$718,959$608,836$578,695$713,221
48$740,909$587,285$546,697$712,459
49$763,479$563,059$512,009$710,571
50$786,682$535,977$474,489$707,468
51$810,529$505,845$433,990$703,056
52$835,032$472,461$390,358$697,231
53$860,202$435,609$343,432$689,889
54$886,050$395,060$293,044$680,913
55$912,584$350,575$239,018$670,184
56$939,814$301,900$181,171$657,573
57$967,746$248,764$119,312$642,943
58$996,388$190,886$53,241$626,149
59$1,025,745$127,964$0$607,037
60$1,055,819$59,682$0$586,734
61$1,086,612$0$0$568,105
62$1,118,124$0$0$554,079
63$1,150,352$0$0$569,949
64$1,183,289$0$0$586,157
65$1,216,927$0$0$602,698
66$1,251,254$0$0$619,564
67$1,286,254$0$0$636,745
68$1,321,906$0$0$654,229
69$1,358,185$0$0$672,002
70$1,395,060$0$0$690,045
71$1,432,493$0$0$708,337
72$1,470,442$0$0$726,855
73$1,508,854$0$0$745,568
74$1,547,670$0$0$764,445
75$1,586,820$0$0$783,446
76$1,626,223$0$0$802,527
77$1,665,789$0$0$821,639
78$1,705,411$0$0$840,723
79$1,744,971$0$0$859,716
80$1,784,333$0$0$878,543
81$1,823,343$0$0$897,120
82$1,861,827$0$0$915,355
83$1,899,591$0$0$933,142
84$1,936,414$0$0$950,363
85$1,972,050$0$0$966,884
86$2,006,221$0$0$982,558
87$2,038,618$0$0$997,217
88$2,068,895$0$0$1,010,676
89$2,096,663$0$0$1,022,728
90$2,121,490$0$0$1,033,142
91$2,142,896$0$0$1,041,660
92$2,160,342$0$0$1,047,995
93$2,173,233$0$0$1,051,830
94$2,180,904$0$0$1,052,809
95$2,182,616$0$0$1,050,539
96$2,177,549$0$0$1,044,584
97$2,164,793$0$0$1,034,458
98$2,143,338$0$0$1,019,624
99$2,112,063$0$0$999,486
100$2,069,726$0$0$973,384