Can I retire at age 45 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$50,538$50,088$49,649$49,220$48,802$47,816
2 years$25,019$24,553$24,101$23,664$23,239$22,251
3 years$16,514$16,046$15,595$15,162$14,744$13,783
4 years$12,262$11,795$11,349$10,923$10,515$9,590
5 years$9,711$9,248$8,808$8,390$7,994$7,106
6 years$8,012$7,551$7,118$6,709$6,325$5,476
7 years$6,798$6,342$5,915$5,516$5,144$4,334
8 years$5,888$5,436$5,016$4,627$4,267$3,496
9 years$5,181$4,733$4,321$3,942$3,594$2,861
10 years$4,615$4,172$3,767$3,398$3,062$2,367
11 years$4,153$3,714$3,316$2,957$2,633$1,975
12 years$3,768$3,333$2,943$2,594$2,282$1,659
13 years$3,443$3,012$2,629$2,290$1,990$1,401
14 years$3,164$2,738$2,363$2,033$1,744$1,189
15 years$2,922$2,501$2,133$1,813$1,536$1,013
16 years$2,711$2,295$1,934$1,623$1,357$866
17 years$2,525$2,114$1,760$1,458$1,204$742
18 years$2,360$1,953$1,606$1,314$1,070$637
19 years$2,213$1,810$1,471$1,188$954$548
20 years$2,080$1,682$1,350$1,076$852$472
21 years$1,960$1,567$1,241$976$762$408
22 years$1,851$1,463$1,144$888$683$352
23 years$1,752$1,368$1,056$808$614$304
24 years$1,661$1,282$977$737$551$264
25 years$1,578$1,203$905$673$496$228
26 years$1,501$1,130$839$616$447$198
27 years$1,430$1,064$779$563$403$172
28 years$1,364$1,002$725$516$364$149
29 years$1,303$946$674$473$328$129
30 years$1,246$893$628$434$297$112
31 years$1,193$844$585$399$268$97
32 years$1,143$799$546$367$243$85
33 years$1,096$757$510$337$220$74
34 years$1,052$717$477$310$199$64
35 years$1,011$680$446$286$180$56
36 years$972$645$417$263$163$48
37 years$935$613$390$242$148$42
38 years$901$583$365$223$134$37
39 years$868$554$342$206$122$32
40 years$837$527$321$190$110$28
41 years$807$502$301$175$100$24
42 years$779$478$282$162$91$21
43 years$753$455$265$149$82$18
44 years$727$434$249$138$75$16
45 years$703$414$233$127$68$14
46 years$680$395$219$118$62$12
47 years$658$377$206$109$56$10
48 years$637$360$194$100$51$9
49 years$617$343$182$93$46$8
50 years$598$328$171$86$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $612,000, adding $4,564 every year, while hoping to spend $41,763 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: 52/25/23 Blend
44$612,000$612,000$612,000$612,000
45$679,132$646,696$637,210$709,890
46$703,968$633,948$614,121$718,878
47$729,937$619,177$588,859$723,983
48$757,112$602,237$561,306$728,668
49$785,569$582,979$531,342$732,911
50$815,392$561,240$498,837$736,686
51$846,673$536,852$463,659$739,969
52$879,510$509,634$425,668$742,736
53$914,011$479,396$384,718$744,966
54$950,291$445,938$340,658$746,635
55$988,478$409,046$293,327$747,723
56$1,028,710$368,496$242,561$748,211
57$1,071,137$324,051$188,185$748,081
58$1,115,922$275,459$130,018$747,319
59$1,163,245$222,455$67,873$745,913
60$1,213,300$164,759$1,550$743,853
61$1,266,299$102,076$0$741,136
62$1,322,476$34,092$0$754,751
63$1,382,084$0$0$769,224
64$1,445,400$0$0$795,116
65$1,512,729$0$0$832,653
66$1,584,401$0$0$872,647
67$1,660,782$0$0$915,305
68$1,742,269$0$0$960,854
69$1,829,298$0$0$1,009,543
70$1,922,347$0$0$1,061,645
71$2,021,941$0$0$1,117,458
72$2,128,655$0$0$1,177,311
73$2,243,118$0$0$1,241,565
74$2,366,023$0$0$1,310,614
75$2,498,128$0$0$1,384,891
76$2,640,268$0$0$1,464,874
77$2,793,356$0$0$1,551,084
78$2,958,399$0$0$1,644,097
79$3,136,500$0$0$1,744,544
80$3,328,872$0$0$1,853,117
81$3,536,848$0$0$1,970,580
82$3,761,893$0$0$2,097,771
83$4,005,617$0$0$2,235,610
84$4,269,792$0$0$2,385,110
85$4,556,365$0$0$2,547,385
86$4,867,476$0$0$2,723,661
87$5,205,480$0$0$2,915,285
88$5,572,969$0$0$3,123,739
89$5,972,793$0$0$3,350,656
90$6,408,087$0$0$3,597,829
91$6,882,302$0$0$3,867,234
92$7,399,236$0$0$4,161,045
93$7,963,068$0$0$4,481,654
94$8,578,398$0$0$4,831,695
95$9,250,288$0$0$5,214,067
96$9,984,314$0$0$5,631,962
97$10,786,611$0$0$6,088,892
98$11,663,935$0$0$6,588,727
99$12,623,724$0$0$7,135,727
100$13,674,169$0$0$7,734,582