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%15.6%
1 years$50,456$50,006$49,568$49,140$48,722$47,602
2 years$24,978$24,513$24,062$23,625$23,201$22,079
3 years$16,487$16,019$15,570$15,137$14,720$13,630
4 years$12,242$11,776$11,331$10,905$10,498$9,450
5 years$9,696$9,233$8,793$8,376$7,981$6,977
6 years$7,999$7,539$7,106$6,699$6,315$5,356
7 years$6,787$6,331$5,905$5,507$5,136$4,222
8 years$5,879$5,427$5,008$4,620$4,260$3,392
9 years$5,172$4,725$4,314$3,935$3,588$2,764
10 years$4,608$4,165$3,761$3,392$3,057$2,277
11 years$4,146$3,708$3,311$2,952$2,629$1,891
12 years$3,762$3,328$2,938$2,589$2,278$1,582
13 years$3,437$3,008$2,625$2,286$1,987$1,330
14 years$3,159$2,734$2,359$2,029$1,742$1,123
15 years$2,918$2,497$2,130$1,810$1,533$952
16 years$2,707$2,291$1,931$1,620$1,355$810
17 years$2,521$2,110$1,757$1,456$1,202$690
18 years$2,356$1,950$1,604$1,312$1,068$590
19 years$2,209$1,807$1,468$1,186$952$505
20 years$2,077$1,679$1,347$1,074$851$433
21 years$1,957$1,564$1,239$975$761$371
22 years$1,848$1,460$1,142$886$682$319
23 years$1,749$1,366$1,055$807$613$274
24 years$1,659$1,280$975$736$551$236
25 years$1,575$1,201$903$672$495$203
26 years$1,498$1,129$838$615$446$175
27 years$1,428$1,062$778$563$402$151
28 years$1,362$1,001$723$515$363$130
29 years$1,301$944$673$473$328$113
30 years$1,244$892$627$434$296$97
31 years$1,191$843$585$398$268$84
32 years$1,141$798$545$366$242$72
33 years$1,094$755$509$337$219$63
34 years$1,050$716$476$310$198$54
35 years$1,009$679$445$285$180$47
36 years$970$644$416$263$163$40
37 years$934$612$389$242$148$35
38 years$899$582$365$223$134$30
39 years$866$553$342$206$121$26
40 years$835$526$320$190$110$23
41 years$806$501$300$175$100$20
42 years$778$477$282$162$91$17
43 years$751$455$264$149$82$15
44 years$726$433$248$138$75$13
45 years$702$413$233$127$68$11
46 years$679$394$219$117$62$9
47 years$657$376$206$109$56$8
48 years$636$359$193$100$51$7
49 years$616$343$182$93$46$6
50 years$597$328$171$86$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $611,000, adding $2,896 every year, while hoping to spend $40,172 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: 62/18/20 Blend
44$611,000$611,000$611,000$611,000
45$676,309$643,926$634,456$714,574
46$702,550$632,736$612,967$729,550
47$730,121$619,651$589,413$741,154
48$759,116$604,536$563,680$752,901
49$789,635$587,248$535,653$764,808
50$821,789$567,635$505,209$776,898
51$855,700$545,536$472,221$789,196
52$891,496$520,783$436,556$801,731
53$929,323$493,195$398,074$814,540
54$969,334$462,582$356,631$827,663
55$1,011,702$428,744$312,073$841,146
56$1,056,611$391,468$264,243$855,045
57$1,104,264$350,529$212,974$869,421
58$1,154,885$305,691$158,094$884,347
59$1,208,715$256,702$99,423$899,902
60$1,266,021$203,297$36,771$916,180
61$1,327,094$145,198$0$933,287
62$1,392,253$82,107$0$957,764
63$1,461,846$13,714$0$992,116
64$1,536,256$0$0$1,028,687
65$1,615,903$0$0$1,079,643
66$1,701,248$0$0$1,137,185
67$1,792,793$0$0$1,198,940
68$1,891,094$0$0$1,265,285
69$1,996,758$0$0$1,336,635
70$2,110,452$0$0$1,413,445
71$2,232,909$0$0$1,496,214
72$2,364,932$0$0$1,585,492
73$2,507,407$0$0$1,681,881
74$2,661,303$0$0$1,786,044
75$2,827,688$0$0$1,898,708
76$3,007,735$0$0$2,020,675
77$3,202,733$0$0$2,152,824
78$3,414,099$0$0$2,296,122
79$3,643,392$0$0$2,451,634
80$3,892,326$0$0$2,620,529
81$4,162,786$0$0$2,804,094
82$4,456,847$0$0$3,003,745
83$4,776,790$0$0$3,221,041
84$5,125,126$0$0$3,457,694
85$5,504,617$0$0$3,715,591
86$5,918,302$0$0$3,996,808
87$6,369,529$0$0$4,303,630
88$6,861,978$0$0$4,638,570
89$7,399,704$0$0$5,004,397
90$7,987,169$0$0$5,404,158
91$8,629,286$0$0$5,841,208
92$9,331,462$0$0$6,319,241
93$10,099,653$0$0$6,842,324
94$10,940,415$0$0$7,414,934
95$11,860,969$0$0$8,042,004
96$12,869,266$0$0$8,728,963
97$13,974,060$0$0$9,481,792
98$15,184,996$0$0$10,307,078
99$16,512,693$0$0$11,212,074
100$17,968,848$0$0$12,204,771