Can I retire at age 45 with 621,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$51,282$50,825$50,379$49,944$49,519$48,362
2 years$25,387$24,914$24,456$24,012$23,581$22,421
3 years$16,757$16,282$15,825$15,384$14,961$13,835
4 years$12,442$11,969$11,516$11,084$10,670$9,587
5 years$9,854$9,384$8,937$8,513$8,111$7,074
6 years$8,129$7,662$7,222$6,808$6,418$5,428
7 years$6,898$6,435$6,002$5,597$5,220$4,277
8 years$5,975$5,516$5,090$4,695$4,330$3,434
9 years$5,257$4,803$4,384$4,000$3,647$2,796
10 years$4,683$4,233$3,822$3,448$3,107$2,302
11 years$4,214$3,769$3,365$3,000$2,672$1,911
12 years$3,824$3,383$2,986$2,632$2,316$1,597
13 years$3,493$3,057$2,668$2,323$2,019$1,342
14 years$3,210$2,779$2,397$2,063$1,770$1,133
15 years$2,965$2,538$2,164$1,839$1,559$960
16 years$2,751$2,329$1,962$1,647$1,377$815
17 years$2,563$2,145$1,786$1,480$1,221$695
18 years$2,395$1,982$1,630$1,334$1,086$593
19 years$2,245$1,837$1,492$1,205$968$507
20 years$2,111$1,707$1,370$1,091$865$434
21 years$1,989$1,590$1,260$991$774$373
22 years$1,879$1,484$1,161$901$694$320
23 years$1,778$1,388$1,072$820$623$275
24 years$1,686$1,300$991$748$560$236
25 years$1,601$1,220$918$683$504$203
26 years$1,523$1,147$852$625$454$175
27 years$1,451$1,079$791$572$409$151
28 years$1,384$1,017$735$524$369$130
29 years$1,322$960$684$480$333$112
30 years$1,264$906$637$441$301$97
31 years$1,210$857$594$405$272$84
32 years$1,160$811$554$372$246$72
33 years$1,112$768$518$342$223$62
34 years$1,068$728$484$315$202$54
35 years$1,026$690$452$290$183$46
36 years$986$655$423$267$166$40
37 years$949$622$396$246$150$35
38 years$914$591$371$227$136$30
39 years$881$562$347$209$123$26
40 years$849$535$326$193$112$22
41 years$819$509$305$178$102$19
42 years$791$485$286$164$92$17
43 years$764$462$269$152$84$14
44 years$738$440$252$140$76$12
45 years$713$420$237$129$69$11
46 years$690$401$222$119$63$9
47 years$668$382$209$110$57$8
48 years$646$365$196$102$52$7
49 years$626$349$185$94$47$6
50 years$606$333$174$87$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $621,000, adding $2,204 every year, while hoping to spend $38,194 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: 71/6/23 Blend
44$621,000$621,000$621,000$621,000
45$686,615$653,702$644,077$731,277
46$716,012$645,096$625,015$752,769
47$747,127$634,787$604,035$771,585
48$780,095$622,653$581,032$791,258
49$815,064$608,562$555,896$811,870
50$852,195$592,376$528,513$833,510
51$891,665$573,948$498,763$856,281
52$933,665$553,122$466,522$880,292
53$978,407$529,733$431,659$905,668
54$1,026,123$503,608$394,038$932,547
55$1,077,065$474,563$353,515$961,081
56$1,131,510$442,401$309,943$991,439
57$1,189,764$406,919$263,166$1,023,811
58$1,252,159$367,897$213,021$1,058,404
59$1,319,061$325,106$159,339$1,095,450
60$1,390,871$278,302$101,943$1,135,205
61$1,468,030$227,228$40,648$1,177,955
62$1,551,021$171,614$0$1,224,015
63$1,640,374$111,172$0$1,279,811
64$1,736,672$45,600$0$1,350,695
65$1,840,556$0$0$1,427,159
66$1,952,728$0$0$1,511,412
67$2,073,961$0$0$1,605,750
68$2,205,105$0$0$1,707,825
69$2,347,093$0$0$1,818,368
70$2,500,952$0$0$1,938,182
71$2,667,809$0$0$2,068,148
72$2,848,906$0$0$2,209,237
73$3,045,608$0$0$2,362,517
74$3,259,416$0$0$2,529,161
75$3,491,982$0$0$2,710,462
76$3,745,123$0$0$2,907,840
77$4,020,839$0$0$3,122,859
78$4,321,330$0$0$3,357,240
79$4,649,017$0$0$3,612,878
80$5,006,566$0$0$3,891,856
81$5,396,910$0$0$4,196,470
82$5,823,279$0$0$4,529,245
83$6,289,229$0$0$4,892,963
84$6,798,672$0$0$5,290,684
85$7,355,919$0$0$5,725,780
86$7,965,714$0$0$6,201,962
87$8,633,283$0$0$6,723,318
88$9,364,377$0$0$7,294,348
89$10,165,334$0$0$7,920,008
90$11,043,132$0$0$8,605,757
91$12,005,454$0$0$9,357,607
92$13,060,764$0$0$10,182,178
93$14,218,385$0$0$11,086,764
94$15,488,583$0$0$12,079,396
95$16,882,670$0$0$13,168,924
96$18,413,103$0$0$14,365,091
97$20,093,604$0$0$15,678,636
98$21,939,291$0$0$17,121,384
99$23,966,816$0$0$18,706,363
100$26,194,525$0$0$20,447,926