Can I retire at age 45 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$50,538$50,088$49,649$49,220$48,802$47,277
2 years$25,019$24,553$24,101$23,664$23,239$21,717
3 years$16,514$16,046$15,595$15,162$14,744$13,271
4 years$12,262$11,795$11,349$10,923$10,515$9,104
5 years$9,711$9,248$8,808$8,390$7,994$6,648
6 years$8,012$7,551$7,118$6,709$6,325$5,045
7 years$6,798$6,342$5,915$5,516$5,144$3,930
8 years$5,888$5,436$5,016$4,627$4,267$3,119
9 years$5,181$4,733$4,321$3,942$3,594$2,509
10 years$4,615$4,172$3,767$3,398$3,062$2,040
11 years$4,153$3,714$3,316$2,957$2,633$1,672
12 years$3,768$3,333$2,943$2,594$2,282$1,379
13 years$3,443$3,012$2,629$2,290$1,990$1,143
14 years$3,164$2,738$2,363$2,033$1,744$952
15 years$2,922$2,501$2,133$1,813$1,536$795
16 years$2,711$2,295$1,934$1,623$1,357$666
17 years$2,525$2,114$1,760$1,458$1,204$559
18 years$2,360$1,953$1,606$1,314$1,070$470
19 years$2,213$1,810$1,471$1,188$954$396
20 years$2,080$1,682$1,350$1,076$852$334
21 years$1,960$1,567$1,241$976$762$282
22 years$1,851$1,463$1,144$888$683$239
23 years$1,752$1,368$1,056$808$614$202
24 years$1,661$1,282$977$737$551$171
25 years$1,578$1,203$905$673$496$145
26 years$1,501$1,130$839$616$447$123
27 years$1,430$1,064$779$563$403$104
28 years$1,364$1,002$725$516$364$88
29 years$1,303$946$674$473$328$75
30 years$1,246$893$628$434$297$63
31 years$1,193$844$585$399$268$54
32 years$1,143$799$546$367$243$46
33 years$1,096$757$510$337$220$39
34 years$1,052$717$477$310$199$33
35 years$1,011$680$446$286$180$28
36 years$972$645$417$263$163$24
37 years$935$613$390$242$148$20
38 years$901$583$365$223$134$17
39 years$868$554$342$206$122$15
40 years$837$527$321$190$110$12
41 years$807$502$301$175$100$11
42 years$779$478$282$162$91$9
43 years$753$455$265$149$82$8
44 years$727$434$249$138$75$6
45 years$703$414$233$127$68$5
46 years$680$395$219$118$62$5
47 years$658$377$206$109$56$4
48 years$637$360$194$100$51$3
49 years$617$343$182$93$46$3
50 years$598$328$171$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $612,000, adding $2,749 every year, while hoping to spend $38,315 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: 47/30/23 Blend
44$612,000$612,000$612,000$612,000
45$677,260$644,824$635,338$704,529
46$705,573$635,653$615,855$714,744
47$735,491$624,749$594,435$721,807
48$767,135$611,986$570,973$728,696
49$800,641$597,232$545,358$735,414
50$836,155$580,345$517,476$741,966
51$873,838$561,176$487,207$748,358
52$913,864$539,569$454,424$754,602
53$956,427$515,357$418,995$760,715
54$1,001,736$488,362$380,785$766,716
55$1,050,020$458,399$339,648$772,633
56$1,101,532$425,270$295,436$778,497
57$1,156,546$388,767$247,992$784,349
58$1,215,366$348,669$197,152$790,238
59$1,278,323$304,743$142,745$796,220
60$1,345,779$256,743$84,595$802,365
61$1,418,134$204,408$22,513$808,753
62$1,495,823$147,464$0$815,478
63$1,579,328$85,621$0$833,383
64$1,669,175$18,571$0$858,453
65$1,765,941$0$0$885,356
66$1,870,263$0$0$932,142
67$1,982,839$0$0$989,298
68$2,104,433$0$0$1,051,090
69$2,235,890$0$0$1,117,952
70$2,378,135$0$0$1,190,363
71$2,532,185$0$0$1,268,848
72$2,699,160$0$0$1,353,987
73$2,880,291$0$0$1,446,415
74$3,076,930$0$0$1,546,832
75$3,290,566$0$0$1,656,008
76$3,522,836$0$0$1,774,788
77$3,775,541$0$0$1,904,105
78$4,050,664$0$0$2,044,983
79$4,350,385$0$0$2,198,550
80$4,677,104$0$0$2,366,049
81$5,033,462$0$0$2,548,844
82$5,422,367$0$0$2,748,440
83$5,847,018$0$0$2,966,493
84$6,310,937$0$0$3,204,825
85$6,818,003$0$0$3,465,443
86$7,372,486$0$0$3,750,557
87$7,979,086$0$0$4,062,599
88$8,642,979$0$0$4,404,248
89$9,369,865$0$0$4,778,454
90$10,166,020$0$0$5,188,466
91$11,038,357$0$0$5,637,861
92$11,994,487$0$0$6,130,580
93$13,042,795$0$0$6,670,962
94$14,192,513$0$0$7,263,787
95$15,453,812$0$0$7,914,322
96$16,837,894$0$0$8,628,363
97$18,357,098$0$0$9,412,301
98$20,025,015$0$0$10,273,172
99$21,856,618$0$0$11,218,727
100$23,868,399$0$0$12,257,506