Can I retire at age 45 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$50,951$50,497$50,055$49,622$49,200$47,511
2 years$25,223$24,754$24,298$23,857$23,429$21,744
3 years$16,649$16,177$15,723$15,285$14,864$13,237
4 years$12,362$11,892$11,442$11,012$10,601$9,044
5 years$9,791$9,323$8,880$8,458$8,059$6,576
6 years$8,077$7,613$7,176$6,764$6,377$4,969
7 years$6,854$6,393$5,963$5,561$5,186$3,853
8 years$5,936$5,480$5,057$4,665$4,302$3,043
9 years$5,223$4,772$4,356$3,974$3,623$2,436
10 years$4,653$4,206$3,798$3,425$3,087$1,971
11 years$4,187$3,744$3,343$2,981$2,655$1,607
12 years$3,799$3,361$2,967$2,615$2,301$1,318
13 years$3,471$3,037$2,651$2,309$2,006$1,087
14 years$3,190$2,761$2,382$2,049$1,759$900
15 years$2,946$2,522$2,150$1,828$1,549$748
16 years$2,734$2,314$1,950$1,636$1,369$623
17 years$2,546$2,131$1,774$1,470$1,213$520
18 years$2,380$1,969$1,620$1,325$1,079$435
19 years$2,231$1,825$1,483$1,197$962$364
20 years$2,097$1,696$1,361$1,084$859$305
21 years$1,976$1,580$1,252$984$769$256
22 years$1,866$1,474$1,154$895$689$215
23 years$1,766$1,379$1,065$815$619$181
24 years$1,675$1,292$985$743$556$152
25 years$1,591$1,213$912$679$500$128
26 years$1,513$1,140$846$621$451$108
27 years$1,442$1,072$786$568$406$91
28 years$1,375$1,011$730$520$367$76
29 years$1,313$953$680$477$331$64
30 years$1,256$900$633$438$299$54
31 years$1,202$851$590$402$270$46
32 years$1,152$805$551$370$245$39
33 years$1,105$763$514$340$221$33
34 years$1,061$723$480$313$200$27
35 years$1,019$686$449$288$182$23
36 years$980$651$420$265$164$20
37 years$943$618$393$244$149$16
38 years$908$587$368$225$135$14
39 years$875$559$345$208$123$12
40 years$844$531$323$192$111$10
41 years$814$506$303$177$101$8
42 years$786$482$284$163$92$7
43 years$759$459$267$151$83$6
44 years$733$438$251$139$75$5
45 years$709$417$235$128$68$4
46 years$685$398$221$119$62$4
47 years$663$380$208$110$56$3
48 years$642$363$195$101$51$3
49 years$622$346$183$94$47$2
50 years$602$331$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 $617,000, adding $6,483 every year, while hoping to spend $30,363 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: 35/42/23 Blend
44$617,000$617,000$617,000$617,000
45$686,621$653,920$644,357$705,673
46$724,351$653,656$633,637$720,056
47$764,911$652,362$621,540$732,319
48$808,558$649,954$607,988$744,939
49$855,575$646,346$592,900$757,966
50$906,271$641,444$576,189$771,459
51$960,985$635,150$557,766$785,484
52$1,020,093$627,359$537,538$800,117
53$1,084,003$617,960$515,406$815,444
54$1,153,168$606,837$491,269$831,563
55$1,228,083$593,864$465,019$848,586
56$1,309,295$578,910$436,544$866,639
57$1,397,402$561,836$405,727$885,863
58$1,493,065$542,494$372,447$906,419
59$1,597,009$520,728$336,576$928,488
60$1,710,033$496,372$297,980$952,273
61$1,833,013$469,252$256,519$978,004
62$1,966,918$439,182$212,050$1,005,936
63$2,112,809$405,968$164,419$1,036,357
64$2,271,857$369,402$113,469$1,069,591
65$2,445,350$329,265$59,033$1,105,998
66$2,634,704$285,328$939$1,145,982
67$2,841,480$237,345$0$1,189,995
68$3,067,396$185,060$0$1,253,525
69$3,314,341$128,199$0$1,323,370
70$3,584,398$66,475$0$1,399,976
71$3,879,859$0$0$1,484,093
72$4,203,247$0$0$1,576,743
73$4,557,342$0$0$1,711,917
74$4,945,203$0$0$1,860,071
75$5,370,201$0$0$2,022,503
76$5,836,047$0$0$2,200,643
77$6,346,829$0$0$2,396,067
78$6,907,049$0$0$2,610,509
79$7,521,667$0$0$2,845,880
80$8,196,143$0$0$3,104,286
81$8,936,495$0$0$3,388,045
82$9,749,349$0$0$3,699,712
83$10,642,007$0$0$4,042,101
84$11,622,510$0$0$4,418,312
85$12,699,718$0$0$4,831,759
86$13,883,389$0$0$5,286,206
87$15,184,276$0$0$5,785,797
88$16,614,225$0$0$6,335,098
89$18,186,284$0$0$6,939,142
90$19,914,832$0$0$7,603,471
91$21,815,709$0$0$8,334,192
92$23,906,366$0$0$9,138,034
93$26,206,032$0$0$10,022,412
94$28,735,892$0$0$10,995,494
95$31,519,289$0$0$12,066,280
96$34,581,941$0$0$13,244,687
97$37,952,185$0$0$14,541,643
98$41,661,245$0$0$15,969,187
99$45,743,524$0$0$17,540,586
100$50,236,930$0$0$19,270,458