Can I retire at age 45 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$50,456$50,006$49,568$49,140$48,722$48,456
2 years$24,978$24,513$24,062$23,625$23,201$22,932
3 years$16,487$16,019$15,570$15,137$14,720$14,457
4 years$12,242$11,776$11,331$10,905$10,498$10,243
5 years$9,696$9,233$8,793$8,376$7,981$7,734
6 years$7,999$7,539$7,106$6,699$6,315$6,077
7 years$6,787$6,331$5,905$5,507$5,136$4,907
8 years$5,879$5,427$5,008$4,620$4,260$4,041
9 years$5,172$4,725$4,314$3,935$3,588$3,378
10 years$4,608$4,165$3,761$3,392$3,057$2,856
11 years$4,146$3,708$3,311$2,952$2,629$2,437
12 years$3,762$3,328$2,938$2,589$2,278$2,095
13 years$3,437$3,008$2,625$2,286$1,987$1,812
14 years$3,159$2,734$2,359$2,029$1,742$1,575
15 years$2,918$2,497$2,130$1,810$1,533$1,375
16 years$2,707$2,291$1,931$1,620$1,355$1,205
17 years$2,521$2,110$1,757$1,456$1,202$1,059
18 years$2,356$1,950$1,604$1,312$1,068$933
19 years$2,209$1,807$1,468$1,186$952$824
20 years$2,077$1,679$1,347$1,074$851$729
21 years$1,957$1,564$1,239$975$761$646
22 years$1,848$1,460$1,142$886$682$574
23 years$1,749$1,366$1,055$807$613$510
24 years$1,659$1,280$975$736$551$454
25 years$1,575$1,201$903$672$495$405
26 years$1,498$1,129$838$615$446$361
27 years$1,428$1,062$778$563$402$322
28 years$1,362$1,001$723$515$363$288
29 years$1,301$944$673$473$328$257
30 years$1,244$892$627$434$296$230
31 years$1,191$843$585$398$268$206
32 years$1,141$798$545$366$242$184
33 years$1,094$755$509$337$219$165
34 years$1,050$716$476$310$198$148
35 years$1,009$679$445$285$180$132
36 years$970$644$416$263$163$119
37 years$934$612$389$242$148$106
38 years$899$582$365$223$134$95
39 years$866$553$342$206$121$85
40 years$835$526$320$190$110$77
41 years$806$501$300$175$100$69
42 years$778$477$282$162$91$62
43 years$751$455$264$149$82$55
44 years$726$433$248$138$75$50
45 years$702$413$233$127$68$45
46 years$679$394$219$117$62$40
47 years$657$376$206$109$56$36
48 years$636$359$193$100$51$32
49 years$616$343$182$93$46$29
50 years$597$328$171$86$42$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $611,000, adding $2,880 every year, while hoping to spend $28,597 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: 40/30/30 Blend
44$611,000$611,000$611,000$611,000
45$676,293$643,910$634,439$697,261
46$714,848$645,034$625,266$713,955
47$756,377$645,256$614,827$729,157
48$801,153$644,499$603,050$745,070
49$849,477$642,686$589,858$761,777
50$901,678$639,731$575,172$779,373
51$958,118$635,547$558,910$797,964
52$1,019,196$630,039$540,983$817,669
53$1,085,349$623,107$521,302$838,621
54$1,157,060$614,644$499,770$860,970
55$1,234,856$604,537$476,289$884,882
56$1,319,321$592,669$450,753$910,545
57$1,411,093$578,912$423,056$938,168
58$1,510,879$563,133$393,082$967,982
59$1,619,452$545,190$360,714$1,000,250
60$1,737,666$524,933$325,827$1,035,261
61$1,866,457$502,205$288,292$1,073,339
62$2,006,859$476,836$247,973$1,114,844
63$2,160,008$448,650$204,730$1,160,177
64$2,327,154$417,459$158,413$1,209,786
65$2,509,674$383,065$108,871$1,264,166
66$2,709,084$345,258$55,940$1,323,870
67$2,927,050$303,816$0$1,389,511
68$3,165,412$258,505$0$1,461,947
69$3,426,189$209,077$0$1,560,879
70$3,711,610$155,272$0$1,669,282
71$4,024,127$96,813$0$1,788,148
72$4,366,439$33,408$0$1,918,577
73$4,741,520$0$0$2,061,781
74$5,152,645$0$0$2,230,738
75$5,603,421$0$0$2,428,163
76$6,097,820$0$0$2,644,777
77$6,640,217$0$0$2,882,507
78$7,235,433$0$0$3,143,476
79$7,888,774$0$0$3,430,023
80$8,606,089$0$0$3,744,724
81$9,393,819$0$0$4,090,416
82$10,259,059$0$0$4,470,227
83$11,209,627$0$0$4,887,601
84$12,254,133$0$0$5,346,331
85$13,402,065$0$0$5,850,597
86$14,663,872$0$0$6,405,005
87$16,051,070$0$0$7,014,629
88$17,576,344$0$0$7,685,058
89$19,253,670$0$0$8,422,452
90$21,098,446$0$0$9,233,595
91$23,127,638$0$0$10,125,965
92$25,359,938$0$0$11,107,799
93$27,815,940$0$0$12,188,173
94$30,518,337$0$0$13,377,087
95$33,492,132$0$0$14,685,561
96$36,764,873$0$0$16,125,735
97$40,366,914$0$0$17,710,988
98$44,331,703$0$0$19,456,060
99$48,696,092$0$0$21,377,194
100$53,500,689$0$0$23,492,287