Can I retire at age 45 with 616,000?

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 $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%18%
1 years$50,869$50,416$49,974$49,542$49,121$47,529
2 years$25,183$24,714$24,259$23,818$23,391$21,802
3 years$16,622$16,151$15,697$15,261$14,840$13,305
4 years$12,342$11,872$11,424$10,994$10,584$9,113
5 years$9,775$9,308$8,865$8,445$8,046$6,644
6 years$8,064$7,601$7,164$6,753$6,366$5,034
7 years$6,842$6,383$5,954$5,552$5,178$3,915
8 years$5,927$5,471$5,049$4,658$4,295$3,101
9 years$5,215$4,764$4,349$3,967$3,617$2,490
10 years$4,646$4,199$3,791$3,420$3,082$2,021
11 years$4,180$3,738$3,338$2,976$2,651$1,653
12 years$3,793$3,355$2,962$2,611$2,297$1,361
13 years$3,465$3,032$2,647$2,305$2,003$1,126
14 years$3,184$2,756$2,378$2,046$1,756$935
15 years$2,942$2,518$2,147$1,825$1,546$780
16 years$2,729$2,310$1,947$1,634$1,366$652
17 years$2,542$2,127$1,771$1,468$1,212$546
18 years$2,376$1,966$1,617$1,323$1,077$458
19 years$2,227$1,822$1,480$1,195$960$385
20 years$2,094$1,693$1,359$1,083$858$324
21 years$1,973$1,577$1,250$983$767$273
22 years$1,863$1,472$1,152$893$688$230
23 years$1,764$1,377$1,063$814$618$194
24 years$1,672$1,290$983$742$555$164
25 years$1,588$1,211$911$678$499$139
26 years$1,511$1,138$845$620$450$117
27 years$1,439$1,071$784$567$406$99
28 years$1,373$1,009$729$520$366$84
29 years$1,311$952$679$477$330$71
30 years$1,254$899$632$437$299$60
31 years$1,200$850$589$402$270$51
32 years$1,150$804$550$369$244$43
33 years$1,103$761$513$339$221$36
34 years$1,059$722$480$312$200$31
35 years$1,017$685$448$288$181$26
36 years$978$650$420$265$164$22
37 years$941$617$393$244$149$19
38 years$907$586$368$225$135$16
39 years$873$558$345$207$122$13
40 years$842$531$323$191$111$11
41 years$812$505$303$176$101$10
42 years$784$481$284$163$91$8
43 years$757$458$267$150$83$7
44 years$732$437$250$139$75$6
45 years$708$417$235$128$68$5
46 years$684$397$221$118$62$4
47 years$662$379$207$109$56$4
48 years$641$362$195$101$51$3
49 years$621$346$183$93$46$3
50 years$601$330$172$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $616,000, adding $2,199 every year, while hoping to spend $35,924 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: 63/20/17 Blend
44$616,000$616,000$616,000$616,000
45$681,100$648,452$638,904$720,977
46$712,350$642,004$622,085$741,594
47$745,582$634,035$603,498$759,825
48$780,963$624,434$583,046$778,879
49$818,671$613,081$560,628$798,840
50$858,905$599,851$536,138$819,800
51$901,878$584,609$509,464$841,859
52$947,830$567,215$480,491$865,134
53$997,018$547,518$449,097$889,750
54$1,049,727$525,359$415,155$915,851
55$1,106,269$500,572$378,533$943,595
56$1,166,988$472,979$339,092$973,158
57$1,232,257$442,392$296,689$1,004,735
58$1,302,491$408,612$251,171$1,038,547
59$1,378,141$371,431$202,382$1,074,834
60$1,459,706$330,625$150,156$1,113,868
61$1,547,732$285,962$94,322$1,155,949
62$1,642,819$237,193$34,701$1,201,411
63$1,745,628$184,056$0$1,250,622
64$1,856,883$126,276$0$1,309,243
65$1,977,382$63,560$0$1,379,542
66$2,108,001$0$0$1,455,759
67$2,249,705$0$0$1,539,466
68$2,403,553$0$0$1,645,570
69$2,570,712$0$0$1,760,894
70$2,752,464$0$0$1,886,325
71$2,950,220$0$0$2,022,845
72$3,165,532$0$0$2,171,528
73$3,400,110$0$0$2,333,562
74$3,655,833$0$0$2,510,250
75$3,934,771$0$0$2,703,028
76$4,239,201$0$0$2,913,476
77$4,571,629$0$0$3,143,334
78$4,934,816$0$0$3,394,518
79$5,331,800$0$0$3,669,135
80$5,765,926$0$0$3,969,507
81$6,240,877$0$0$4,298,189
82$6,760,707$0$0$4,657,997
83$7,329,883$0$0$5,052,029
84$7,953,322$0$0$5,483,698
85$8,636,439$0$0$5,956,762
86$9,385,198$0$0$6,475,362
87$10,206,168$0$0$7,044,055
88$11,106,582$0$0$7,667,864
89$12,094,410$0$0$8,352,319
90$13,178,426$0$0$9,103,512
91$14,368,300$0$0$9,928,152
92$15,674,679$0$0$10,833,633
93$17,109,295$0$0$11,828,096
94$18,685,070$0$0$12,920,512
95$20,416,238$0$0$14,120,762
96$22,318,481$0$0$15,439,731
97$24,409,077$0$0$16,889,412
98$26,707,059$0$0$18,483,018
99$29,233,394$0$0$20,235,105
100$32,011,185$0$0$22,161,710