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%11.2%
1 years$50,869$50,416$49,974$49,542$49,121$48,873
2 years$25,183$24,714$24,259$23,818$23,391$23,140
3 years$16,622$16,151$15,697$15,261$14,840$14,595
4 years$12,342$11,872$11,424$10,994$10,584$10,347
5 years$9,775$9,308$8,865$8,445$8,046$7,816
6 years$8,064$7,601$7,164$6,753$6,366$6,145
7 years$6,842$6,383$5,954$5,552$5,178$4,965
8 years$5,927$5,471$5,049$4,658$4,295$4,091
9 years$5,215$4,764$4,349$3,967$3,617$3,421
10 years$4,646$4,199$3,791$3,420$3,082$2,895
11 years$4,180$3,738$3,338$2,976$2,651$2,471
12 years$3,793$3,355$2,962$2,611$2,297$2,126
13 years$3,465$3,032$2,647$2,305$2,003$1,840
14 years$3,184$2,756$2,378$2,046$1,756$1,600
15 years$2,942$2,518$2,147$1,825$1,546$1,398
16 years$2,729$2,310$1,947$1,634$1,366$1,226
17 years$2,542$2,127$1,771$1,468$1,212$1,078
18 years$2,376$1,966$1,617$1,323$1,077$950
19 years$2,227$1,822$1,480$1,195$960$840
20 years$2,094$1,693$1,359$1,083$858$744
21 years$1,973$1,577$1,250$983$767$660
22 years$1,863$1,472$1,152$893$688$586
23 years$1,764$1,377$1,063$814$618$522
24 years$1,672$1,290$983$742$555$465
25 years$1,588$1,211$911$678$499$414
26 years$1,511$1,138$845$620$450$370
27 years$1,439$1,071$784$567$406$330
28 years$1,373$1,009$729$520$366$295
29 years$1,311$952$679$477$330$264
30 years$1,254$899$632$437$299$236
31 years$1,200$850$589$402$270$212
32 years$1,150$804$550$369$244$190
33 years$1,103$761$513$339$221$170
34 years$1,059$722$480$312$200$152
35 years$1,017$685$448$288$181$137
36 years$978$650$420$265$164$122
37 years$941$617$393$244$149$110
38 years$907$586$368$225$135$99
39 years$873$558$345$207$122$89
40 years$842$531$323$191$111$79
41 years$812$505$303$176$101$71
42 years$784$481$284$163$91$64
43 years$757$458$267$150$83$58
44 years$732$437$250$139$75$52
45 years$708$417$235$128$68$46
46 years$684$397$221$118$62$42
47 years$662$379$207$109$56$38
48 years$641$362$195$101$51$34
49 years$621$346$183$93$46$30
50 years$601$330$172$86$42$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $616,000, adding $6,210 every year, while hoping to spend $38,373 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: 37/34/29 Blend
44$616,000$616,000$616,000$616,000
45$685,238$652,590$643,042$704,470
46$714,303$643,738$623,755$710,412
47$745,048$633,166$602,536$712,900
48$777,601$620,750$579,280$714,860
49$812,107$606,357$553,876$716,270
50$848,720$589,848$526,210$717,109
51$887,613$571,073$496,160$717,358
52$928,970$549,877$463,603$716,999
53$972,997$526,092$428,405$716,018
54$1,019,917$499,545$390,431$714,401
55$1,069,974$470,048$349,536$712,140
56$1,123,437$437,406$305,571$709,229
57$1,180,599$401,411$258,379$705,667
58$1,241,783$361,843$207,798$701,457
59$1,307,341$318,470$153,656$696,611
60$1,377,662$271,047$95,775$691,146
61$1,453,170$219,315$33,970$685,086
62$1,534,332$163,000$0$678,467
63$1,621,661$101,813$0$681,231
64$1,715,717$35,449$0$695,399
65$1,817,120$0$0$710,585
66$1,926,548$0$0$740,567
67$2,044,745$0$0$787,345
68$2,172,533$0$0$837,988
69$2,310,810$0$0$892,862
70$2,460,566$0$0$952,369
71$2,622,891$0$0$1,016,952
72$2,798,979$0$0$1,087,096
73$2,990,149$0$0$1,163,338
74$3,197,846$0$0$1,246,264
75$3,423,664$0$0$1,336,524
76$3,669,354$0$0$1,434,829
77$3,936,843$0$0$1,541,964
78$4,228,252$0$0$1,658,791
79$4,545,915$0$0$1,786,260
80$4,892,401$0$0$1,925,416
81$5,270,537$0$0$2,077,411
82$5,683,435$0$0$2,243,510
83$6,134,520$0$0$2,425,110
84$6,627,564$0$0$2,623,744
85$7,166,719$0$0$2,841,104
86$7,756,558$0$0$3,079,051
87$8,402,113$0$0$3,339,636
88$9,108,927$0$0$3,625,116
89$9,883,106$0$0$3,937,978
90$10,731,370$0$0$4,280,958
91$11,661,124$0$0$4,657,075
92$12,680,519$0$0$5,069,647
93$13,798,537$0$0$5,522,336
94$15,025,067$0$0$6,019,169
95$16,371,004$0$0$6,564,586
96$17,848,349$0$0$7,163,477
97$19,470,319$0$0$7,821,228
98$21,251,476$0$0$8,543,772
99$23,207,858$0$0$9,337,647
100$25,357,137$0$0$10,210,052