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%11.9%
1 years$50,538$50,088$49,649$49,220$48,802$48,413
2 years$25,019$24,553$24,101$23,664$23,239$22,847
3 years$16,514$16,046$15,595$15,162$14,744$14,361
4 years$12,262$11,795$11,349$10,923$10,515$10,145
5 years$9,711$9,248$8,808$8,390$7,994$7,636
6 years$8,012$7,551$7,118$6,709$6,325$5,981
7 years$6,798$6,342$5,915$5,516$5,144$4,813
8 years$5,888$5,436$5,016$4,627$4,267$3,951
9 years$5,181$4,733$4,321$3,942$3,594$3,290
10 years$4,615$4,172$3,767$3,398$3,062$2,772
11 years$4,153$3,714$3,316$2,957$2,633$2,357
12 years$3,768$3,333$2,943$2,594$2,282$2,018
13 years$3,443$3,012$2,629$2,290$1,990$1,739
14 years$3,164$2,738$2,363$2,033$1,744$1,506
15 years$2,922$2,501$2,133$1,813$1,536$1,309
16 years$2,711$2,295$1,934$1,623$1,357$1,142
17 years$2,525$2,114$1,760$1,458$1,204$1,000
18 years$2,360$1,953$1,606$1,314$1,070$877
19 years$2,213$1,810$1,471$1,188$954$771
20 years$2,080$1,682$1,350$1,076$852$680
21 years$1,960$1,567$1,241$976$762$600
22 years$1,851$1,463$1,144$888$683$530
23 years$1,752$1,368$1,056$808$614$469
24 years$1,661$1,282$977$737$551$416
25 years$1,578$1,203$905$673$496$369
26 years$1,501$1,130$839$616$447$327
27 years$1,430$1,064$779$563$403$291
28 years$1,364$1,002$725$516$364$258
29 years$1,303$946$674$473$328$230
30 years$1,246$893$628$434$297$205
31 years$1,193$844$585$399$268$182
32 years$1,143$799$546$367$243$162
33 years$1,096$757$510$337$220$145
34 years$1,052$717$477$310$199$129
35 years$1,011$680$446$286$180$115
36 years$972$645$417$263$163$102
37 years$935$613$390$242$148$91
38 years$901$583$365$223$134$81
39 years$868$554$342$206$122$73
40 years$837$527$321$190$110$65
41 years$807$502$301$175$100$58
42 years$779$478$282$162$91$52
43 years$753$455$265$149$82$46
44 years$727$434$249$138$75$41
45 years$703$414$233$127$68$37
46 years$680$395$219$118$62$33
47 years$658$377$206$109$56$29
48 years$637$360$194$100$51$26
49 years$617$343$182$93$46$23
50 years$598$328$171$86$42$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $612,000, adding $3,546 every year, while hoping to spend $28,310 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: 55/38/7 Blend
44$612,000$612,000$612,000$612,000
45$678,082$645,646$636,160$714,094
46$717,124$647,161$627,349$740,327
47$759,201$647,801$617,295$765,431
48$804,590$647,494$605,925$792,072
49$853,599$646,163$593,165$820,400
50$906,566$643,725$578,936$850,583
51$963,862$640,093$563,156$882,803
52$1,025,894$635,175$545,740$917,265
53$1,093,110$628,874$526,597$954,196
54$1,166,003$621,085$505,634$993,846
55$1,245,115$611,698$482,753$1,036,493
56$1,331,043$600,597$457,851$1,082,443
57$1,424,441$587,658$430,820$1,132,038
58$1,526,031$572,750$401,550$1,185,655
59$1,636,607$555,735$369,923$1,243,711
60$1,757,041$536,467$335,816$1,306,667
61$1,888,295$514,790$299,101$1,375,036
62$2,031,426$490,539$259,646$1,449,383
63$2,187,598$463,542$217,311$1,530,335
64$2,358,092$433,615$171,950$1,618,584
65$2,544,319$400,563$123,411$1,714,897
66$2,747,829$364,181$71,535$1,820,121
67$2,970,334$324,251$16,158$1,935,194
68$3,213,714$280,546$0$2,061,153
69$3,480,042$232,822$0$2,202,351
70$3,771,599$180,823$0$2,358,345
71$4,090,897$124,278$0$2,529,341
72$4,440,704$62,903$0$2,716,903
73$4,824,066$0$0$2,922,758
74$5,244,338$0$0$3,150,318
75$5,705,217$0$0$3,428,767
76$6,210,774$0$0$3,734,266
77$6,765,491$0$0$4,069,532
78$7,374,308$0$0$4,437,559
79$8,042,665$0$0$4,841,641
80$8,776,553$0$0$5,285,411
81$9,582,574$0$0$5,772,868
82$10,468,001$0$0$6,308,418
83$11,440,842$0$0$6,896,916
84$12,509,925$0$0$7,543,709
85$13,684,970$0$0$8,254,690
86$14,976,690$0$0$9,036,348
87$16,396,885$0$0$9,895,836
88$17,958,555$0$0$10,841,032
89$19,676,025$0$0$11,880,615
90$21,565,077$0$0$13,024,151
91$23,643,098$0$0$14,282,177
92$25,929,246$0$0$15,666,302
93$28,444,630$0$0$17,189,320
94$31,212,507$0$0$18,865,324
95$34,258,503$0$0$20,709,846
96$37,610,853$0$0$22,739,998
97$41,300,670$0$0$24,974,633
98$45,362,233$0$0$27,434,529
99$49,833,316$0$0$30,142,578
100$54,755,540$0$0$33,124,004