Can I retire at age 45 with 616,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$50,869$50,416$49,974$49,542$49,121$48,791
2 years$25,183$24,714$24,259$23,818$23,391$23,058
3 years$16,622$16,151$15,697$15,261$14,840$14,515
4 years$12,342$11,872$11,424$10,994$10,584$10,269
5 years$9,775$9,308$8,865$8,445$8,046$7,741
6 years$8,064$7,601$7,164$6,753$6,366$6,073
7 years$6,842$6,383$5,954$5,552$5,178$4,896
8 years$5,927$5,471$5,049$4,658$4,295$4,025
9 years$5,215$4,764$4,349$3,967$3,617$3,358
10 years$4,646$4,199$3,791$3,420$3,082$2,835
11 years$4,180$3,738$3,338$2,976$2,651$2,414
12 years$3,793$3,355$2,962$2,611$2,297$2,071
13 years$3,465$3,032$2,647$2,305$2,003$1,788
14 years$3,184$2,756$2,378$2,046$1,756$1,551
15 years$2,942$2,518$2,147$1,825$1,546$1,352
16 years$2,729$2,310$1,947$1,634$1,366$1,182
17 years$2,542$2,127$1,771$1,468$1,212$1,036
18 years$2,376$1,966$1,617$1,323$1,077$911
19 years$2,227$1,822$1,480$1,195$960$803
20 years$2,094$1,693$1,359$1,083$858$709
21 years$1,973$1,577$1,250$983$767$627
22 years$1,863$1,472$1,152$893$688$556
23 years$1,764$1,377$1,063$814$618$493
24 years$1,672$1,290$983$742$555$438
25 years$1,588$1,211$911$678$499$389
26 years$1,511$1,138$845$620$450$346
27 years$1,439$1,071$784$567$406$308
28 years$1,373$1,009$729$520$366$275
29 years$1,311$952$679$477$330$245
30 years$1,254$899$632$437$299$218
31 years$1,200$850$589$402$270$195
32 years$1,150$804$550$369$244$174
33 years$1,103$761$513$339$221$155
34 years$1,059$722$480$312$200$139
35 years$1,017$685$448$288$181$124
36 years$978$650$420$265$164$111
37 years$941$617$393$244$149$99
38 years$907$586$368$225$135$89
39 years$873$558$345$207$122$79
40 years$842$531$323$191$111$71
41 years$812$505$303$176$101$64
42 years$784$481$284$163$91$57
43 years$757$458$267$150$83$51
44 years$732$437$250$139$75$46
45 years$708$417$235$128$68$41
46 years$684$397$221$118$62$37
47 years$662$379$207$109$56$33
48 years$641$362$195$101$51$29
49 years$621$346$183$93$46$26
50 years$601$330$172$86$42$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $616,000, adding $4,711 every year, while hoping to spend $22,390 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: 68/26/6 Blend
44$616,000$616,000$616,000$616,000
45$683,691$651,043$641,495$729,267
46$729,605$659,122$639,163$768,144
47$779,452$666,845$636,001$807,471
48$833,608$674,174$631,960$849,867
49$892,491$681,062$626,985$895,628
50$956,556$687,465$621,020$945,082
51$1,026,305$693,332$614,005$998,586
52$1,102,293$698,610$605,879$1,056,538
53$1,185,128$703,243$596,577$1,119,374
54$1,275,480$707,171$586,031$1,187,575
55$1,374,086$710,329$574,170$1,261,673
56$1,481,758$712,650$560,920$1,342,253
57$1,599,388$714,061$546,202$1,429,959
58$1,727,962$714,487$529,936$1,525,503
59$1,868,562$713,844$512,036$1,629,669
60$2,022,379$712,046$492,413$1,743,321
61$2,190,728$709,002$470,975$1,867,413
62$2,375,053$704,614$447,624$2,002,994
63$2,576,946$698,779$422,257$2,151,224
64$2,798,162$691,386$394,770$2,313,380
65$3,040,630$682,319$365,050$2,490,871
66$3,306,477$671,455$332,982$2,685,248
67$3,598,044$658,664$298,444$2,898,224
68$3,917,913$643,807$261,310$3,131,687
69$4,268,924$626,737$221,447$3,387,718
70$4,654,206$607,299$178,718$3,668,610
71$5,077,207$585,328$132,977$3,976,895
72$5,541,725$560,652$84,075$4,315,361
73$6,051,943$533,086$31,853$4,687,082
74$6,612,470$502,436$0$5,095,451
75$7,228,382$468,496$0$5,545,732
76$7,905,272$431,047$0$6,042,793
77$8,649,302$389,861$0$6,589,149
78$9,467,261$344,695$0$7,189,819
79$10,366,627$295,290$0$7,850,339
80$11,355,641$241,377$0$8,576,807
81$12,443,379$182,667$0$9,375,950
82$13,639,845$118,859$0$10,255,180
83$14,956,059$49,633$0$11,222,668
84$16,404,162$0$0$12,287,420
85$17,997,534$0$0$13,466,617
86$19,750,913$0$0$14,779,900
87$21,680,543$0$0$16,225,237
88$23,804,319$0$0$17,816,039
89$26,141,959$0$0$19,567,081
90$28,715,191$0$0$21,494,644
91$31,547,956$0$0$23,616,668
92$34,666,632$0$0$25,952,920
93$38,100,288$0$0$28,525,182
94$41,880,954$0$0$31,357,453
95$46,043,922$0$0$34,476,181
96$50,628,083$0$0$37,910,508
97$55,676,290$0$0$41,692,546
98$61,235,765$0$0$45,857,679
99$67,358,541$0$0$50,444,900
100$74,101,958$0$0$55,497,174