Can I retire at age 45 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$50,621$50,170$49,730$49,301$48,881$47,642
2 years$25,060$24,593$24,141$23,702$23,277$22,036
3 years$16,541$16,072$15,621$15,186$14,768$13,564
4 years$12,282$11,815$11,368$10,941$10,533$9,376
5 years$9,727$9,263$8,822$8,404$8,007$6,900
6 years$8,025$7,564$7,129$6,720$6,335$5,280
7 years$6,809$6,352$5,925$5,525$5,152$4,148
8 years$5,898$5,445$5,025$4,635$4,274$3,321
9 years$5,189$4,741$4,328$3,948$3,600$2,696
10 years$4,623$4,179$3,773$3,403$3,067$2,213
11 years$4,160$3,720$3,322$2,962$2,638$1,831
12 years$3,774$3,339$2,948$2,598$2,286$1,525
13 years$3,448$3,017$2,634$2,294$1,993$1,277
14 years$3,169$2,743$2,366$2,036$1,747$1,075
15 years$2,927$2,506$2,137$1,816$1,538$907
16 years$2,716$2,299$1,937$1,626$1,360$768
17 years$2,530$2,117$1,763$1,461$1,206$652
18 years$2,364$1,956$1,609$1,316$1,072$555
19 years$2,216$1,813$1,473$1,190$955$472
20 years$2,083$1,685$1,352$1,077$853$403
21 years$1,963$1,569$1,243$978$764$344
22 years$1,854$1,465$1,146$889$685$295
23 years$1,755$1,370$1,058$810$615$252
24 years$1,664$1,284$979$738$552$216
25 years$1,580$1,205$906$674$497$185
26 years$1,503$1,132$841$617$448$159
27 years$1,432$1,066$781$564$404$136
28 years$1,366$1,004$726$517$364$117
29 years$1,305$947$675$474$329$100
30 years$1,248$895$629$435$297$86
31 years$1,194$846$586$400$269$74
32 years$1,145$800$547$367$243$64
33 years$1,098$758$511$338$220$55
34 years$1,054$718$477$311$199$47
35 years$1,013$681$446$286$180$41
36 years$974$647$417$263$163$35
37 years$937$614$391$243$148$30
38 years$902$584$366$224$134$26
39 years$869$555$343$206$122$22
40 years$838$528$321$190$110$19
41 years$809$503$301$176$100$16
42 years$780$479$283$162$91$14
43 years$754$456$265$150$83$12
44 years$728$435$249$138$75$10
45 years$704$415$234$128$68$9
46 years$681$395$220$118$62$8
47 years$659$377$206$109$56$7
48 years$638$360$194$101$51$6
49 years$618$344$182$93$46$5
50 years$599$329$171$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $613,000, adding $3,968 every year, while hoping to spend $36,654 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: 54/25/21 Blend
44$613,000$613,000$613,000$613,000
45$679,619$647,130$637,628$712,221
46$709,941$639,840$619,989$727,729
47$742,126$630,964$600,531$740,423
48$776,328$620,386$579,154$753,456
49$812,711$607,982$555,753$766,872
50$851,457$593,623$530,220$780,722
51$892,764$577,169$502,441$795,063
52$936,850$558,474$472,297$809,959
53$983,954$537,384$439,663$825,486
54$1,034,335$513,734$404,410$841,727
55$1,088,281$487,350$366,401$858,777
56$1,146,105$458,050$325,495$876,746
57$1,208,152$425,639$281,544$895,755
58$1,274,800$389,912$234,392$915,941
59$1,346,463$350,651$183,878$937,460
60$1,423,598$307,629$129,833$960,486
61$1,506,704$260,602$72,082$985,214
62$1,596,331$209,314$10,439$1,011,866
63$1,693,081$153,495$0$1,040,688
64$1,797,619$92,860$0$1,084,356
65$1,910,673$27,107$0$1,134,082
66$2,033,044$0$0$1,187,917
67$2,165,612$0$0$1,258,424
68$2,309,347$0$0$1,343,003
69$2,465,311$0$0$1,434,830
70$2,634,677$0$0$1,534,601
71$2,818,732$0$0$1,643,082
72$3,018,893$0$0$1,761,114
73$3,236,720$0$0$1,889,623
74$3,473,926$0$0$2,029,631
75$3,732,400$0$0$2,182,258
76$4,014,218$0$0$2,348,740
77$4,321,667$0$0$2,530,435
78$4,657,263$0$0$2,728,840
79$5,023,775$0$0$2,945,602
80$5,424,252$0$0$3,182,534
81$5,862,052$0$0$3,441,633
82$6,340,871$0$0$3,725,095
83$6,864,776$0$0$4,035,341
84$7,438,250$0$0$4,375,037
85$8,066,226$0$0$4,747,117
86$8,754,138$0$0$5,154,812
87$9,507,970$0$0$5,601,682
88$10,334,310$0$0$6,091,647
89$11,240,419$0$0$6,629,024
90$12,234,288$0$0$7,218,568
91$13,324,723$0$0$7,865,517
92$14,521,423$0$0$8,575,641
93$15,835,070$0$0$9,355,294
94$17,277,432$0$0$10,211,478
95$18,861,471$0$0$11,151,903
96$20,601,466$0$0$12,185,066
97$22,513,149$0$0$13,320,325
98$24,613,850$0$0$14,567,991
99$26,922,658$0$0$15,939,421
100$29,460,609$0$0$17,447,131