Can I retire at age 45 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$50,786$50,334$49,892$49,462$49,041$48,070
2 years$25,142$24,673$24,220$23,780$23,353$22,379
3 years$16,595$16,124$15,672$15,236$14,816$13,870
4 years$12,322$11,853$11,405$10,977$10,567$9,655
5 years$9,759$9,293$8,851$8,431$8,033$7,158
6 years$8,051$7,588$7,153$6,742$6,356$5,519
7 years$6,831$6,373$5,944$5,543$5,169$4,371
8 years$5,917$5,463$5,041$4,650$4,288$3,528
9 years$5,206$4,756$4,342$3,961$3,611$2,888
10 years$4,638$4,192$3,785$3,414$3,077$2,391
11 years$4,173$3,732$3,332$2,971$2,646$1,996
12 years$3,787$3,350$2,957$2,606$2,293$1,678
13 years$3,459$3,027$2,642$2,301$2,000$1,419
14 years$3,179$2,752$2,374$2,043$1,753$1,205
15 years$2,937$2,514$2,144$1,822$1,544$1,027
16 years$2,725$2,306$1,943$1,631$1,364$878
17 years$2,538$2,124$1,768$1,466$1,210$753
18 years$2,372$1,963$1,614$1,321$1,075$647
19 years$2,224$1,819$1,478$1,193$959$557
20 years$2,090$1,690$1,356$1,081$856$480
21 years$1,970$1,574$1,248$981$766$415
22 years$1,860$1,470$1,150$892$687$359
23 years$1,761$1,375$1,062$812$617$310
24 years$1,669$1,288$982$741$554$269
25 years$1,586$1,209$909$677$499$233
26 years$1,508$1,136$843$619$449$202
27 years$1,437$1,069$783$566$405$176
28 years$1,371$1,007$728$519$365$152
29 years$1,309$950$678$476$330$132
30 years$1,252$897$631$437$298$115
31 years$1,198$848$588$401$270$100
32 years$1,148$803$549$369$244$87
33 years$1,101$760$513$339$221$76
34 years$1,057$721$479$312$200$66
35 years$1,016$683$448$287$181$57
36 years$977$649$419$264$164$50
37 years$940$616$392$244$149$43
38 years$905$585$367$225$135$38
39 years$872$557$344$207$122$33
40 years$841$530$322$191$111$29
41 years$811$504$302$176$101$25
42 years$783$480$284$163$91$22
43 years$756$458$266$150$83$19
44 years$731$436$250$139$75$16
45 years$706$416$235$128$68$14
46 years$683$397$220$118$62$12
47 years$661$379$207$109$56$11
48 years$640$361$194$101$51$9
49 years$620$345$183$93$46$8
50 years$600$330$172$86$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $615,000, adding $3,864 every year, while hoping to spend $26,726 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: 33/44/23 Blend
44$615,000$615,000$615,000$615,000
45$681,716$649,121$639,588$699,303
46$722,814$652,491$632,578$716,179
47$767,210$655,131$624,438$731,664
48$815,209$656,977$615,100$747,809
49$867,151$657,960$604,497$764,692
50$923,409$658,008$592,556$782,396
51$984,390$657,044$579,200$801,017
52$1,050,546$654,987$564,351$820,662
53$1,122,370$651,750$547,926$841,451
54$1,200,408$647,242$529,837$863,520
55$1,285,258$641,365$509,995$887,019
56$1,377,578$634,016$488,304$912,118
57$1,478,093$625,085$464,664$939,007
58$1,587,601$614,456$438,973$967,898
59$1,706,979$602,008$411,121$999,026
60$1,837,193$587,608$380,996$1,032,657
61$1,979,307$571,121$348,479$1,069,086
62$2,134,489$552,399$313,446$1,108,640
63$2,304,029$531,288$275,769$1,151,688
64$2,489,344$507,626$235,311$1,198,636
65$2,691,996$481,238$191,933$1,249,941
66$2,913,704$451,943$145,487$1,306,107
67$3,156,361$419,547$95,819$1,367,697
68$3,422,050$383,845$42,770$1,435,337
69$3,713,067$344,622$0$1,509,722
70$4,031,941$301,649$0$1,595,022
71$4,381,453$254,684$0$1,700,120
72$4,764,671$203,474$0$1,815,504
73$5,184,971$147,747$0$1,942,279
74$5,646,073$87,221$0$2,081,664
75$6,152,072$21,595$0$2,235,012
76$6,707,481$0$0$2,403,816
77$7,317,270$0$0$2,613,672
78$7,986,915$0$0$2,855,704
79$8,722,448$0$0$3,121,650
80$9,530,512$0$0$3,413,924
81$10,418,427$0$0$3,735,187
82$11,394,258$0$0$4,088,370
83$12,466,887$0$0$4,476,702
84$13,646,103$0$0$4,903,740
85$14,942,688$0$0$5,373,404
86$16,368,523$0$0$5,890,012
87$17,936,695$0$0$6,458,323
88$19,661,626$0$0$7,083,578
89$21,559,205$0$0$7,771,555
90$23,646,938$0$0$8,528,617
91$25,944,113$0$0$9,361,777
92$28,471,984$0$0$10,278,761
93$31,253,967$0$0$11,288,083
94$34,315,865$0$0$12,399,124
95$37,686,106$0$0$13,622,220
96$41,396,018$0$0$14,968,761
97$45,480,118$0$0$16,451,298
98$49,976,440$0$0$18,083,658
99$54,926,893$0$0$19,881,081
100$60,377,657$0$0$21,860,356