Can I retire at age 45 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$51,116$50,661$50,217$49,783$49,360$48,542
2 years$25,305$24,834$24,377$23,934$23,505$22,683
3 years$16,703$16,229$15,774$15,335$14,912$14,113
4 years$12,402$11,930$11,479$11,048$10,636$9,864
5 years$9,822$9,353$8,908$8,486$8,085$7,344
6 years$8,103$7,638$7,199$6,786$6,397$5,687
7 years$6,876$6,414$5,983$5,579$5,203$4,524
8 years$5,956$5,498$5,074$4,680$4,316$3,668
9 years$5,240$4,787$4,370$3,987$3,635$3,018
10 years$4,668$4,220$3,810$3,437$3,097$2,510
11 years$4,201$3,756$3,354$2,991$2,664$2,106
12 years$3,811$3,372$2,977$2,623$2,308$1,780
13 years$3,482$3,047$2,659$2,316$2,013$1,513
14 years$3,200$2,770$2,390$2,056$1,764$1,292
15 years$2,956$2,530$2,157$1,833$1,554$1,107
16 years$2,742$2,321$1,956$1,642$1,373$952
17 years$2,554$2,138$1,780$1,475$1,217$821
18 years$2,387$1,975$1,625$1,329$1,082$710
19 years$2,238$1,831$1,487$1,201$965$615
20 years$2,104$1,701$1,365$1,088$862$533
21 years$1,983$1,585$1,256$987$771$463
22 years$1,872$1,479$1,157$898$691$403
23 years$1,772$1,384$1,069$818$621$351
24 years$1,680$1,296$988$746$558$306
25 years$1,596$1,216$915$681$502$267
26 years$1,518$1,143$849$623$452$233
27 years$1,446$1,076$788$570$408$204
28 years$1,380$1,014$733$522$368$178
29 years$1,318$956$682$479$332$156
30 years$1,260$903$635$439$300$136
31 years$1,206$854$592$404$271$119
32 years$1,156$808$553$371$245$104
33 years$1,109$765$516$341$222$91
34 years$1,064$725$482$314$201$80
35 years$1,022$688$451$289$182$70
36 years$983$653$422$266$165$61
37 years$946$620$395$245$150$54
38 years$911$589$370$226$136$47
39 years$878$560$346$208$123$41
40 years$846$533$324$192$112$36
41 years$816$507$304$177$101$32
42 years$788$483$285$164$92$28
43 years$761$461$268$151$83$24
44 years$735$439$251$139$76$21
45 years$711$419$236$129$69$19
46 years$688$399$222$119$62$16
47 years$665$381$208$110$57$14
48 years$644$364$196$102$51$13
49 years$624$347$184$94$47$11
50 years$604$332$173$87$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $619,000, adding $4,794 every year, while hoping to spend $41,260 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: 37/49/14 Blend
44$619,000$619,000$619,000$619,000
45$687,083$654,276$644,682$709,406
46$713,265$642,435$622,378$714,013
47$740,735$628,631$597,945$714,675
48$769,580$612,725$571,266$714,495
49$799,897$594,567$542,223$713,419
50$831,787$574,002$510,688$711,389
51$865,366$550,864$476,532$708,349
52$900,754$524,978$439,617$704,239
53$938,086$496,157$399,800$698,996
54$977,508$464,206$356,930$692,558
55$1,019,179$428,917$310,852$684,861
56$1,063,272$390,071$261,402$675,838
57$1,109,977$347,435$208,410$665,425
58$1,159,500$300,765$151,698$653,552
59$1,212,069$249,803$91,080$640,153
60$1,267,930$194,273$26,361$625,161
61$1,327,354$133,888$0$608,507
62$1,390,638$68,341$0$596,505
63$1,458,105$0$0$587,326
64$1,530,111$0$0$578,449
65$1,607,044$0$0$608,386
66$1,689,332$0$0$640,462
67$1,777,442$0$0$674,865
68$1,871,887$0$0$711,803
69$1,973,230$0$0$751,504
70$2,082,087$0$0$794,218
71$2,199,137$0$0$840,220
72$2,325,123$0$0$889,811
73$2,460,862$0$0$943,323
74$2,607,252$0$0$1,001,120
75$2,765,278$0$0$1,063,602
76$2,936,024$0$0$1,131,208
77$3,120,679$0$0$1,204,423
78$3,320,553$0$0$1,283,777
79$3,537,083$0$0$1,369,856
80$3,771,850$0$0$1,463,301
81$4,026,595$0$0$1,564,819
82$4,303,229$0$0$1,675,189
83$4,603,856$0$0$1,795,265
84$4,930,790$0$0$1,925,989
85$5,286,578$0$0$2,068,397
86$5,674,021$0$0$2,223,628
87$6,096,202$0$0$2,392,936
88$6,556,514$0$0$2,577,702
89$7,058,690$0$0$2,779,447
90$7,606,841$0$0$2,999,842
91$8,205,490$0$0$3,240,729
92$8,859,617$0$0$3,504,136
93$9,574,707$0$0$3,792,296
94$10,356,795$0$0$4,107,666
95$11,212,529$0$0$4,452,954
96$12,149,226$0$0$4,831,139
97$13,174,947$0$0$5,245,505
98$14,298,566$0$0$5,699,667
99$15,529,857$0$0$6,197,605
100$16,879,584$0$0$6,743,704