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%16.1%
1 years$51,282$50,825$50,379$49,944$49,519$48,283
2 years$25,387$24,914$24,456$24,012$23,581$22,343
3 years$16,757$16,282$15,825$15,384$14,961$13,760
4 years$12,442$11,969$11,516$11,084$10,670$9,516
5 years$9,854$9,384$8,937$8,513$8,111$7,007
6 years$8,129$7,662$7,222$6,808$6,418$5,365
7 years$6,898$6,435$6,002$5,597$5,220$4,217
8 years$5,975$5,516$5,090$4,695$4,330$3,378
9 years$5,257$4,803$4,384$4,000$3,647$2,744
10 years$4,683$4,233$3,822$3,448$3,107$2,253
11 years$4,214$3,769$3,365$3,000$2,672$1,866
12 years$3,824$3,383$2,986$2,632$2,316$1,555
13 years$3,493$3,057$2,668$2,323$2,019$1,304
14 years$3,210$2,779$2,397$2,063$1,770$1,097
15 years$2,965$2,538$2,164$1,839$1,559$927
16 years$2,751$2,329$1,962$1,647$1,377$785
17 years$2,563$2,145$1,786$1,480$1,221$667
18 years$2,395$1,982$1,630$1,334$1,086$568
19 years$2,245$1,837$1,492$1,205$968$484
20 years$2,111$1,707$1,370$1,091$865$414
21 years$1,989$1,590$1,260$991$774$354
22 years$1,879$1,484$1,161$901$694$303
23 years$1,778$1,388$1,072$820$623$259
24 years$1,686$1,300$991$748$560$222
25 years$1,601$1,220$918$683$504$191
26 years$1,523$1,147$852$625$454$164
27 years$1,451$1,079$791$572$409$141
28 years$1,384$1,017$735$524$369$121
29 years$1,322$960$684$480$333$104
30 years$1,264$906$637$441$301$89
31 years$1,210$857$594$405$272$77
32 years$1,160$811$554$372$246$66
33 years$1,112$768$518$342$223$57
34 years$1,068$728$484$315$202$49
35 years$1,026$690$452$290$183$42
36 years$986$655$423$267$166$36
37 years$949$622$396$246$150$31
38 years$914$591$371$227$136$27
39 years$881$562$347$209$123$23
40 years$849$535$326$193$112$20
41 years$819$509$305$178$102$17
42 years$791$485$286$164$92$15
43 years$764$462$269$152$84$13
44 years$738$440$252$140$76$11
45 years$713$420$237$129$69$9
46 years$690$401$222$119$63$8
47 years$668$382$209$110$57$7
48 years$646$365$196$102$52$6
49 years$626$349$185$94$47$5
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 $2,182 every year, while hoping to spend $34,070 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: 55/39/6 Blend
44$621,000$621,000$621,000$621,000
45$686,593$653,680$644,054$723,335
46$720,375$649,460$629,380$744,147
47$756,461$643,891$613,072$762,817
48$795,050$636,872$595,040$782,307
49$836,360$628,294$575,189$802,699
50$880,631$618,042$553,420$824,084
51$928,125$605,995$529,628$846,566
52$979,129$592,025$503,707$870,260
53$1,033,961$575,994$475,541$895,295
54$1,092,966$557,760$445,013$921,815
55$1,156,527$537,168$411,999$949,980
56$1,225,061$514,058$376,370$979,972
57$1,299,029$488,258$337,990$1,011,989
58$1,378,935$459,588$296,718$1,046,256
59$1,465,335$427,857$252,407$1,083,021
60$1,558,839$392,861$204,902$1,122,563
61$1,660,118$354,389$154,043$1,165,191
62$1,769,908$312,212$99,662$1,211,249
63$1,889,022$266,094$41,584$1,261,119
64$2,018,351$215,781$0$1,315,229
65$2,158,876$161,007$0$1,375,358
66$2,311,676$101,491$0$1,443,653
67$2,477,938$36,935$0$1,518,046
68$2,658,968$0$0$1,599,202
69$2,856,205$0$0$1,702,006
70$3,071,230$0$0$1,831,415
71$3,305,783$0$0$1,972,630
72$3,561,781$0$0$2,126,814
73$3,841,334$0$0$2,295,244
74$4,146,763$0$0$2,479,325
75$4,480,625$0$0$2,680,607
76$4,845,733$0$0$2,900,793
77$5,245,187$0$0$3,141,762
78$5,682,399$0$0$3,405,580
79$6,161,126$0$0$3,694,523
80$6,685,506$0$0$4,011,098
81$7,260,094$0$0$4,358,065
82$7,889,910$0$0$4,738,464
83$8,580,479$0$0$5,155,644
84$9,337,889$0$0$5,613,293
85$10,168,844$0$0$6,115,474
86$11,080,729$0$0$6,666,659
87$12,081,678$0$0$7,271,779
88$13,180,651$0$0$7,936,263
89$14,387,519$0$0$8,666,091
90$15,713,154$0$0$9,467,852
91$17,169,535$0$0$10,348,803
92$18,769,856$0$0$11,316,942
93$20,528,654$0$0$12,381,076
94$22,461,944$0$0$13,550,911
95$24,587,370$0$0$14,837,138
96$26,924,370$0$0$16,251,538
97$29,494,360$0$0$17,807,089
98$32,320,935$0$0$19,518,089
99$35,430,094$0$0$21,400,293
100$38,850,477$0$0$23,471,060