Can I retire at age 45 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$50,373$49,925$49,487$49,059$48,642$47,010
2 years$24,937$24,473$24,023$23,586$23,163$21,535
3 years$16,460$15,993$15,544$15,112$14,696$13,122
4 years$12,222$11,757$11,312$10,887$10,481$8,975
5 years$9,680$9,217$8,779$8,363$7,967$6,532
6 years$7,985$7,527$7,095$6,688$6,304$4,941
7 years$6,776$6,321$5,896$5,498$5,127$3,836
8 years$5,869$5,418$5,000$4,612$4,253$3,033
9 years$5,164$4,718$4,306$3,929$3,582$2,432
10 years$4,600$4,158$3,754$3,387$3,052$1,969
11 years$4,140$3,702$3,305$2,947$2,625$1,608
12 years$3,756$3,323$2,933$2,585$2,275$1,321
13 years$3,431$3,003$2,621$2,282$1,984$1,091
14 years$3,153$2,729$2,355$2,026$1,739$904
15 years$2,913$2,493$2,126$1,807$1,531$752
16 years$2,703$2,288$1,928$1,618$1,353$627
17 years$2,517$2,107$1,754$1,454$1,200$524
18 years$2,353$1,947$1,601$1,310$1,067$439
19 years$2,205$1,804$1,466$1,184$951$368
20 years$2,073$1,677$1,345$1,072$849$309
21 years$1,954$1,562$1,237$973$760$260
22 years$1,845$1,458$1,140$885$681$219
23 years$1,746$1,363$1,053$806$612$184
24 years$1,656$1,277$974$735$550$155
25 years$1,573$1,199$902$671$495$131
26 years$1,496$1,127$837$614$446$110
27 years$1,425$1,060$777$562$402$93
28 years$1,360$999$722$515$362$79
29 years$1,299$943$672$472$327$66
30 years$1,242$890$626$433$296$56
31 years$1,189$841$584$398$267$47
32 years$1,139$796$544$366$242$40
33 years$1,092$754$508$336$219$34
34 years$1,049$715$475$309$198$28
35 years$1,008$678$444$285$179$24
36 years$969$643$415$262$163$20
37 years$932$611$389$242$147$17
38 years$898$581$364$223$134$15
39 years$865$552$341$205$121$12
40 years$834$525$320$189$110$10
41 years$805$500$300$175$100$9
42 years$777$476$281$161$90$7
43 years$750$454$264$149$82$6
44 years$725$433$248$137$75$5
45 years$701$412$233$127$68$4
46 years$678$394$218$117$61$4
47 years$656$376$205$108$56$3
48 years$635$358$193$100$51$3
49 years$615$342$181$93$46$2
50 years$596$327$170$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $610,000, adding $5,230 every year, while hoping to spend $24,399 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: 36/36/28 Blend
44$610,000$610,000$610,000$610,000
45$677,615$645,285$635,830$696,161
46$720,771$650,943$631,170$716,069
47$767,512$656,061$625,536$734,967
48$818,176$660,587$618,870$754,900
49$873,139$664,464$611,110$775,979
50$932,809$667,634$602,193$798,325
51$997,641$670,033$592,052$822,075
52$1,068,131$671,594$580,615$847,381
53$1,144,825$672,248$567,811$874,412
54$1,228,326$671,917$553,562$903,355
55$1,319,297$670,522$537,787$934,420
56$1,418,465$667,977$520,403$967,839
57$1,526,633$664,193$501,322$1,003,872
58$1,644,685$659,074$480,451$1,042,806
59$1,773,591$652,516$457,694$1,084,959
60$1,914,422$644,414$432,951$1,130,688
61$2,068,355$634,652$406,117$1,180,385
62$2,236,687$623,110$377,082$1,234,488
63$2,420,845$609,659$345,731$1,293,481
64$2,622,403$594,164$311,944$1,357,902
65$2,843,090$576,480$275,597$1,428,348
66$3,084,813$556,456$236,557$1,505,479
67$3,349,672$533,930$194,689$1,590,028
68$3,639,977$508,731$149,850$1,682,806
69$3,958,276$480,680$101,891$1,784,714
70$4,307,373$449,586$50,657$1,896,745
71$4,690,356$415,246$0$2,020,002
72$5,110,627$377,448$0$2,156,908
73$5,571,935$335,967$0$2,323,839
74$6,078,406$290,564$0$2,507,195
75$6,634,590$240,987$0$2,708,682
76$7,245,493$186,971$0$2,930,187
77$7,916,636$128,235$0$3,173,794
78$8,654,096$64,482$0$3,441,801
79$9,464,571$0$0$3,736,746
80$10,355,438$0$0$4,063,254
81$11,334,827$0$0$4,450,381
82$12,411,692$0$0$4,876,134
83$13,595,900$0$0$5,344,426
84$14,898,321$0$0$5,859,569
85$16,330,931$0$0$6,426,311
86$17,906,927$0$0$7,049,886
87$19,640,847$0$0$7,736,061
88$21,548,710$0$0$8,491,189
89$23,648,167$0$0$9,322,271
90$25,958,665$0$0$10,237,019
91$28,501,633$0$0$11,243,935
92$31,300,682$0$0$12,352,382
93$34,381,829$0$0$13,572,680
94$37,773,740$0$0$14,916,199
95$41,508,002$0$0$16,395,469
96$45,619,420$0$0$18,024,297
97$50,146,348$0$0$19,817,893
98$55,131,046$0$0$21,793,023
99$60,620,081$0$0$23,968,158
100$66,664,765$0$0$26,363,653