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%18.8%
1 years$50,869$50,416$49,974$49,542$49,121$47,378
2 years$25,183$24,714$24,259$23,818$23,391$21,654
3 years$16,622$16,151$15,697$15,261$14,840$13,163
4 years$12,342$11,872$11,424$10,994$10,584$8,980
5 years$9,775$9,308$8,865$8,445$8,046$6,519
6 years$8,064$7,601$7,164$6,753$6,366$4,918
7 years$6,842$6,383$5,954$5,552$5,178$3,807
8 years$5,927$5,471$5,049$4,658$4,295$3,001
9 years$5,215$4,764$4,349$3,967$3,617$2,399
10 years$4,646$4,199$3,791$3,420$3,082$1,936
11 years$4,180$3,738$3,338$2,976$2,651$1,576
12 years$3,793$3,355$2,962$2,611$2,297$1,290
13 years$3,465$3,032$2,647$2,305$2,003$1,062
14 years$3,184$2,756$2,378$2,046$1,756$877
15 years$2,942$2,518$2,147$1,825$1,546$727
16 years$2,729$2,310$1,947$1,634$1,366$604
17 years$2,542$2,127$1,771$1,468$1,212$503
18 years$2,376$1,966$1,617$1,323$1,077$420
19 years$2,227$1,822$1,480$1,195$960$351
20 years$2,094$1,693$1,359$1,083$858$293
21 years$1,973$1,577$1,250$983$767$246
22 years$1,863$1,472$1,152$893$688$206
23 years$1,764$1,377$1,063$814$618$173
24 years$1,672$1,290$983$742$555$145
25 years$1,588$1,211$911$678$499$122
26 years$1,511$1,138$845$620$450$102
27 years$1,439$1,071$784$567$406$86
28 years$1,373$1,009$729$520$366$72
29 years$1,311$952$679$477$330$61
30 years$1,254$899$632$437$299$51
31 years$1,200$850$589$402$270$43
32 years$1,150$804$550$369$244$36
33 years$1,103$761$513$339$221$30
34 years$1,059$722$480$312$200$26
35 years$1,017$685$448$288$181$21
36 years$978$650$420$265$164$18
37 years$941$617$393$244$149$15
38 years$907$586$368$225$135$13
39 years$873$558$345$207$122$11
40 years$842$531$323$191$111$9
41 years$812$505$303$176$101$8
42 years$784$481$284$163$91$6
43 years$757$458$267$150$83$5
44 years$732$437$250$139$75$5
45 years$708$417$235$128$68$4
46 years$684$397$221$118$62$3
47 years$662$379$207$109$56$3
48 years$641$362$195$101$51$2
49 years$621$346$183$93$46$2
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 $5,073 every year, while hoping to spend $40,540 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: 46/49/5 Blend
44$616,000$616,000$616,000$616,000
45$684,065$651,417$641,869$714,390
46$710,705$640,202$620,237$724,523
47$738,704$627,079$596,522$730,844
48$768,157$611,911$570,611$736,741
49$799,169$594,555$542,386$742,187
50$831,853$574,857$511,725$747,154
51$866,333$552,655$478,498$751,615
52$902,742$527,779$442,572$755,544
53$941,229$500,047$403,805$758,915
54$981,954$469,268$362,051$761,703
55$1,025,090$435,240$317,158$763,886
56$1,070,831$397,748$268,964$765,442
57$1,119,384$356,567$217,303$766,351
58$1,170,979$311,456$162,000$766,599
59$1,225,865$262,163$102,873$766,173
60$1,284,316$208,422$39,732$765,064
61$1,346,632$149,950$0$763,270
62$1,413,140$86,449$0$762,267
63$1,484,200$17,605$0$762,949
64$1,560,206$0$0$763,223
65$1,641,590$0$0$793,815
66$1,728,827$0$0$836,829
67$1,822,434$0$0$883,035
68$1,922,984$0$0$932,720
69$2,031,102$0$0$986,202
70$2,147,475$0$0$1,043,826
71$2,272,857$0$0$1,105,975
72$2,408,079$0$0$1,173,067
73$2,554,049$0$0$1,245,562
74$2,711,770$0$0$1,323,966
75$2,882,340$0$0$1,408,835
76$3,066,969$0$0$1,500,780
77$3,266,984$0$0$1,600,473
78$3,483,848$0$0$1,708,653
79$3,719,165$0$0$1,826,133
80$3,974,704$0$0$1,953,806
81$4,252,408$0$0$2,092,657
82$4,554,415$0$0$2,243,766
83$4,883,076$0$0$2,408,325
84$5,240,981$0$0$2,587,643
85$5,630,976$0$0$2,783,163
86$6,056,197$0$0$2,996,470
87$6,520,092$0$0$3,229,311
88$7,026,458$0$0$3,483,609
89$7,579,476$0$0$3,761,480
90$8,183,745$0$0$4,065,254
91$8,844,331$0$0$4,397,496
92$9,566,811$0$0$4,761,030
93$10,357,326$0$0$5,158,968
94$11,222,636$0$0$5,594,733
95$12,170,187$0$0$6,072,096
96$13,208,177$0$0$6,595,212
97$14,345,636$0$0$7,168,654
98$15,592,509$0$0$7,797,461
99$16,959,746$0$0$8,487,180
100$18,459,411$0$0$9,243,923