Can I retire at age 45 with 621,000?

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 $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%16.5%
1 years$51,282$50,825$50,379$49,944$49,519$48,205
2 years$25,387$24,914$24,456$24,012$23,581$22,266
3 years$16,757$16,282$15,825$15,384$14,961$13,686
4 years$12,442$11,969$11,516$11,084$10,670$9,446
5 years$9,854$9,384$8,937$8,513$8,111$6,941
6 years$8,129$7,662$7,222$6,808$6,418$5,302
7 years$6,898$6,435$6,002$5,597$5,220$4,159
8 years$5,975$5,516$5,090$4,695$4,330$3,324
9 years$5,257$4,803$4,384$4,000$3,647$2,693
10 years$4,683$4,233$3,822$3,448$3,107$2,206
11 years$4,214$3,769$3,365$3,000$2,672$1,822
12 years$3,824$3,383$2,986$2,632$2,316$1,515
13 years$3,493$3,057$2,668$2,323$2,019$1,266
14 years$3,210$2,779$2,397$2,063$1,770$1,063
15 years$2,965$2,538$2,164$1,839$1,559$895
16 years$2,751$2,329$1,962$1,647$1,377$757
17 years$2,563$2,145$1,786$1,480$1,221$641
18 years$2,395$1,982$1,630$1,334$1,086$544
19 years$2,245$1,837$1,492$1,205$968$462
20 years$2,111$1,707$1,370$1,091$865$394
21 years$1,989$1,590$1,260$991$774$335
22 years$1,879$1,484$1,161$901$694$286
23 years$1,778$1,388$1,072$820$623$244
24 years$1,686$1,300$991$748$560$209
25 years$1,601$1,220$918$683$504$179
26 years$1,523$1,147$852$625$454$153
27 years$1,451$1,079$791$572$409$131
28 years$1,384$1,017$735$524$369$112
29 years$1,322$960$684$480$333$96
30 years$1,264$906$637$441$301$82
31 years$1,210$857$594$405$272$71
32 years$1,160$811$554$372$246$60
33 years$1,112$768$518$342$223$52
34 years$1,068$728$484$315$202$44
35 years$1,026$690$452$290$183$38
36 years$986$655$423$267$166$33
37 years$949$622$396$246$150$28
38 years$914$591$371$227$136$24
39 years$881$562$347$209$123$21
40 years$849$535$326$193$112$18
41 years$819$509$305$178$102$15
42 years$791$485$286$164$92$13
43 years$764$462$269$152$84$11
44 years$738$440$252$140$76$10
45 years$713$420$237$129$69$8
46 years$690$401$222$119$63$7
47 years$668$382$209$110$57$6
48 years$646$365$196$102$52$5
49 years$626$349$185$94$47$4
50 years$606$333$174$87$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $621,000, adding $5,314 every year, while hoping to spend $40,609 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: 43/31/26 Blend
44$621,000$621,000$621,000$621,000
45$689,823$656,910$647,285$714,061
46$716,978$645,891$625,761$720,861
47$745,541$632,971$602,156$723,943
48$775,613$618,014$576,355$726,492
49$807,305$600,876$548,242$728,480
50$840,736$581,405$517,694$729,882
51$876,035$559,438$484,581$730,673
52$913,346$534,806$448,770$730,827
53$952,824$507,327$410,120$730,324
54$994,637$476,811$368,484$729,140
55$1,038,970$443,056$323,709$727,258
56$1,086,026$405,847$275,634$724,660
57$1,136,026$364,959$224,093$721,333
58$1,189,212$320,153$168,911$717,266
59$1,245,848$271,176$109,906$712,456
60$1,306,224$217,763$46,887$706,900
61$1,370,657$159,632$0$700,606
62$1,439,495$96,485$0$699,234
63$1,513,119$28,008$0$711,404
64$1,591,947$0$0$724,185
65$1,676,436$0$0$753,415
66$1,767,090$0$0$795,082
67$1,864,460$0$0$839,890
68$1,969,151$0$0$888,125
69$2,081,828$0$0$940,102
70$2,203,220$0$0$996,163
71$2,334,130$0$0$1,056,689
72$2,475,436$0$0$1,122,093
73$2,628,108$0$0$1,192,834
74$2,793,208$0$0$1,269,414
75$2,971,904$0$0$1,352,385
76$3,165,482$0$0$1,442,353
77$3,375,354$0$0$1,539,987
78$3,603,073$0$0$1,646,021
79$3,850,347$0$0$1,761,263
80$4,119,056$0$0$1,886,600
81$4,411,266$0$0$2,023,012
82$4,729,252$0$0$2,171,572
83$5,075,515$0$0$2,333,466
84$5,452,810$0$0$2,509,994
85$5,864,166$0$0$2,702,592
86$6,312,918$0$0$2,912,838
87$6,802,737$0$0$3,142,467
88$7,337,663$0$0$3,393,394
89$7,922,145$0$0$3,667,722
90$8,561,079$0$0$3,967,770
91$9,259,857$0$0$4,296,089
92$10,024,415$0$0$4,655,492
93$10,861,289$0$0$5,049,071
94$11,777,678$0$0$5,480,235
95$12,781,508$0$0$5,952,736
96$13,881,507$0$0$6,470,708
97$15,087,289$0$0$7,038,704
98$16,409,442$0$0$7,661,737
99$17,859,626$0$0$8,345,329
100$19,450,687$0$0$9,095,563