Can I retire at age 45 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$50,373$49,925$49,487$49,059$48,642$48,397
2 years$24,937$24,473$24,023$23,586$23,163$22,915
3 years$16,460$15,993$15,544$15,112$14,696$14,453
4 years$12,222$11,757$11,312$10,887$10,481$10,246
5 years$9,680$9,217$8,779$8,363$7,967$7,740
6 years$7,985$7,527$7,095$6,688$6,304$6,085
7 years$6,776$6,321$5,896$5,498$5,127$4,917
8 years$5,869$5,418$5,000$4,612$4,253$4,051
9 years$5,164$4,718$4,306$3,929$3,582$3,388
10 years$4,600$4,158$3,754$3,387$3,052$2,866
11 years$4,140$3,702$3,305$2,947$2,625$2,447
12 years$3,756$3,323$2,933$2,585$2,275$2,105
13 years$3,431$3,003$2,621$2,282$1,984$1,822
14 years$3,153$2,729$2,355$2,026$1,739$1,585
15 years$2,913$2,493$2,126$1,807$1,531$1,384
16 years$2,703$2,288$1,928$1,618$1,353$1,214
17 years$2,517$2,107$1,754$1,454$1,200$1,067
18 years$2,353$1,947$1,601$1,310$1,067$941
19 years$2,205$1,804$1,466$1,184$951$832
20 years$2,073$1,677$1,345$1,072$849$737
21 years$1,954$1,562$1,237$973$760$654
22 years$1,845$1,458$1,140$885$681$581
23 years$1,746$1,363$1,053$806$612$517
24 years$1,656$1,277$974$735$550$460
25 years$1,573$1,199$902$671$495$410
26 years$1,496$1,127$837$614$446$366
27 years$1,425$1,060$777$562$402$327
28 years$1,360$999$722$515$362$292
29 years$1,299$943$672$472$327$261
30 years$1,242$890$626$433$296$234
31 years$1,189$841$584$398$267$210
32 years$1,139$796$544$366$242$188
33 years$1,092$754$508$336$219$168
34 years$1,049$715$475$309$198$151
35 years$1,008$678$444$285$179$135
36 years$969$643$415$262$163$121
37 years$932$611$389$242$147$109
38 years$898$581$364$223$134$98
39 years$865$552$341$205$121$88
40 years$834$525$320$189$110$79
41 years$805$500$300$175$100$71
42 years$777$476$281$161$90$63
43 years$750$454$264$149$82$57
44 years$725$433$248$137$75$51
45 years$701$412$233$127$68$46
46 years$678$394$218$117$61$41
47 years$656$376$205$108$56$37
48 years$635$358$193$100$51$33
49 years$615$342$181$93$46$30
50 years$596$327$170$86$42$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $610,000, adding $4,129 every year, while hoping to spend $40,901 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: 73/22/5 Blend
44$610,000$610,000$610,000$610,000
45$676,479$644,149$634,694$725,285
46$701,962$632,194$612,438$746,028
47$728,672$618,282$588,065$763,165
48$756,694$602,275$561,462$780,761
49$786,115$584,025$532,510$798,848
50$817,032$563,376$501,083$817,461
51$849,552$540,163$467,051$836,641
52$883,787$514,212$430,278$856,432
53$919,863$485,338$390,622$876,884
54$957,916$453,347$347,935$898,056
55$998,093$418,031$302,061$920,008
56$1,040,556$379,172$252,837$942,814
57$1,085,482$336,540$200,096$966,553
58$1,133,061$289,890$143,659$991,314
59$1,183,504$238,966$83,343$1,017,198
60$1,237,042$183,495$18,955$1,044,316
61$1,293,923$123,190$0$1,072,794
62$1,354,424$57,747$0$1,105,426
63$1,418,845$0$0$1,140,966
64$1,487,513$0$0$1,181,774
65$1,560,791$0$0$1,240,254
66$1,639,071$0$0$1,302,744
67$1,722,787$0$0$1,369,592
68$1,812,413$0$0$1,441,178
69$1,908,469$0$0$1,517,921
70$2,011,524$0$0$1,600,278
71$2,122,206$0$0$1,688,753
72$2,241,201$0$0$1,783,897
73$2,369,262$0$0$1,886,317
74$2,507,220$0$0$1,996,679
75$2,655,982$0$0$2,115,713
76$2,816,547$0$0$2,244,223
77$2,990,015$0$0$2,383,091
78$3,177,592$0$0$2,533,288
79$3,380,602$0$0$2,695,879
80$3,600,505$0$0$2,872,036
81$3,838,904$0$0$3,063,048
82$4,097,560$0$0$3,270,333
83$4,378,412$0$0$3,495,449
84$4,683,592$0$0$3,740,110
85$5,015,446$0$0$4,006,202
86$5,376,555$0$0$4,295,801
87$5,769,757$0$0$4,611,189
88$6,198,176$0$0$4,954,879
89$6,665,251$0$0$5,329,636
90$7,174,766$0$0$5,738,504
91$7,730,885$0$0$6,184,830
92$8,338,194$0$0$6,672,304
93$9,001,740$0$0$7,204,983
94$9,727,078$0$0$7,787,337
95$10,520,326$0$0$8,424,286
96$11,388,220$0$0$9,121,247
97$12,338,176$0$0$9,884,184
98$13,378,360$0$0$10,719,667
99$14,517,767$0$0$11,634,930
100$15,766,300$0$0$12,637,937