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%14.6%
1 years$50,786$50,334$49,892$49,462$49,041$48,110
2 years$25,142$24,673$24,220$23,780$23,353$22,418
3 years$16,595$16,124$15,672$15,236$14,816$13,907
4 years$12,322$11,853$11,405$10,977$10,567$9,691
5 years$9,759$9,293$8,851$8,431$8,033$7,192
6 years$8,051$7,588$7,153$6,742$6,356$5,552
7 years$6,831$6,373$5,944$5,543$5,169$4,401
8 years$5,917$5,463$5,041$4,650$4,288$3,557
9 years$5,206$4,756$4,342$3,961$3,611$2,915
10 years$4,638$4,192$3,785$3,414$3,077$2,416
11 years$4,173$3,732$3,332$2,971$2,646$2,020
12 years$3,787$3,350$2,957$2,606$2,293$1,700
13 years$3,459$3,027$2,642$2,301$2,000$1,439
14 years$3,179$2,752$2,374$2,043$1,753$1,224
15 years$2,937$2,514$2,144$1,822$1,544$1,045
16 years$2,725$2,306$1,943$1,631$1,364$895
17 years$2,538$2,124$1,768$1,466$1,210$768
18 years$2,372$1,963$1,614$1,321$1,075$661
19 years$2,224$1,819$1,478$1,193$959$570
20 years$2,090$1,690$1,356$1,081$856$492
21 years$1,970$1,574$1,248$981$766$426
22 years$1,860$1,470$1,150$892$687$369
23 years$1,761$1,375$1,062$812$617$320
24 years$1,669$1,288$982$741$554$277
25 years$1,586$1,209$909$677$499$241
26 years$1,508$1,136$843$619$449$209
27 years$1,437$1,069$783$566$405$182
28 years$1,371$1,007$728$519$365$158
29 years$1,309$950$678$476$330$138
30 years$1,252$897$631$437$298$120
31 years$1,198$848$588$401$270$104
32 years$1,148$803$549$369$244$91
33 years$1,101$760$513$339$221$79
34 years$1,057$721$479$312$200$69
35 years$1,016$683$448$287$181$60
36 years$977$649$419$264$164$52
37 years$940$616$392$244$149$46
38 years$905$585$367$225$135$40
39 years$872$557$344$207$122$35
40 years$841$530$322$191$111$30
41 years$811$504$302$176$101$26
42 years$783$480$284$163$91$23
43 years$756$458$266$150$83$20
44 years$731$436$250$139$75$18
45 years$706$416$235$128$68$15
46 years$683$397$220$118$62$13
47 years$661$379$207$109$56$12
48 years$640$361$194$101$51$10
49 years$620$345$183$93$46$9
50 years$600$330$172$86$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $615,000, adding $6,738 every year, while hoping to spend $37,578 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: 56/19/25 Blend
44$615,000$615,000$615,000$615,000
45$684,680$652,085$642,553$717,997
46$714,535$644,055$624,096$733,562
47$746,175$634,371$603,761$745,998
48$779,744$622,914$581,445$758,762
49$815,396$609,556$557,042$771,896
50$853,303$594,160$530,440$785,451
51$893,651$576,585$501,520$799,482
52$936,643$556,677$470,161$814,053
53$982,504$534,277$436,234$829,237
54$1,031,477$509,215$399,606$845,118
55$1,083,832$481,310$360,137$861,788
56$1,139,861$450,373$317,680$879,354
57$1,199,889$416,203$272,084$897,935
58$1,264,267$378,587$223,189$917,667
59$1,333,385$337,301$170,828$938,700
60$1,407,668$292,106$114,829$961,206
61$1,487,584$242,753$55,009$985,376
62$1,573,646$188,976$0$1,011,427
63$1,666,417$130,495$0$1,041,953
64$1,766,517$67,015$0$1,090,683
65$1,874,626$0$0$1,143,284
66$1,991,492$0$0$1,200,524
67$2,117,937$0$0$1,277,659
68$2,254,863$0$0$1,361,234
69$2,403,264$0$0$1,451,861
70$2,564,231$0$0$1,550,213
71$2,738,966$0$0$1,657,030
72$2,928,789$0$0$1,773,127
73$3,135,153$0$0$1,899,398
74$3,359,657$0$0$2,036,830
75$3,604,059$0$0$2,186,506
76$3,870,293$0$0$2,349,619
77$4,160,491$0$0$2,527,483
78$4,476,994$0$0$2,721,543
79$4,822,383$0$0$2,933,388
80$5,199,497$0$0$3,164,770
81$5,611,461$0$0$3,417,617
82$6,061,716$0$0$3,694,051
83$6,554,051$0$0$3,996,408
84$7,092,636$0$0$4,327,260
85$7,682,064$0$0$4,689,441
86$8,327,392$0$0$5,086,070
87$9,034,189$0$0$5,520,581
88$9,808,587$0$0$5,996,758
89$10,657,341$0$0$6,518,767
90$11,587,888$0$0$7,091,196
91$12,608,421$0$0$7,719,100
92$13,727,964$0$0$8,408,045
93$14,956,455$0$0$9,164,163
94$16,304,841$0$0$9,994,208
95$17,785,182$0$0$10,905,619
96$19,410,761$0$0$11,906,592
97$21,196,210$0$0$13,006,155
98$23,157,651$0$0$14,214,254
99$25,312,840$0$0$15,541,846
100$27,681,342$0$0$17,001,000