Can I retire at age 45 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$50,621$50,170$49,730$49,301$48,881$47,298
2 years$25,060$24,593$24,141$23,702$23,277$21,696
3 years$16,541$16,072$15,621$15,186$14,768$13,240
4 years$12,282$11,815$11,368$10,941$10,533$9,069
5 years$9,727$9,263$8,822$8,404$8,007$6,611
6 years$8,025$7,564$7,129$6,720$6,335$5,009
7 years$6,809$6,352$5,925$5,525$5,152$3,896
8 years$5,898$5,445$5,025$4,635$4,274$3,086
9 years$5,189$4,741$4,328$3,948$3,600$2,478
10 years$4,623$4,179$3,773$3,403$3,067$2,011
11 years$4,160$3,720$3,322$2,962$2,638$1,645
12 years$3,774$3,339$2,948$2,598$2,286$1,354
13 years$3,448$3,017$2,634$2,294$1,993$1,120
14 years$3,169$2,743$2,366$2,036$1,747$931
15 years$2,927$2,506$2,137$1,816$1,538$776
16 years$2,716$2,299$1,937$1,626$1,360$648
17 years$2,530$2,117$1,763$1,461$1,206$543
18 years$2,364$1,956$1,609$1,316$1,072$456
19 years$2,216$1,813$1,473$1,190$955$383
20 years$2,083$1,685$1,352$1,077$853$323
21 years$1,963$1,569$1,243$978$764$272
22 years$1,854$1,465$1,146$889$685$229
23 years$1,755$1,370$1,058$810$615$193
24 years$1,664$1,284$979$738$552$163
25 years$1,580$1,205$906$674$497$138
26 years$1,503$1,132$841$617$448$117
27 years$1,432$1,066$781$564$404$99
28 years$1,366$1,004$726$517$364$83
29 years$1,305$947$675$474$329$71
30 years$1,248$895$629$435$297$60
31 years$1,194$846$586$400$269$51
32 years$1,145$800$547$367$243$43
33 years$1,098$758$511$338$220$36
34 years$1,054$718$477$311$199$31
35 years$1,013$681$446$286$180$26
36 years$974$647$417$263$163$22
37 years$937$614$391$243$148$19
38 years$902$584$366$224$134$16
39 years$869$555$343$206$122$13
40 years$838$528$321$190$110$11
41 years$809$503$301$176$100$10
42 years$780$479$283$162$91$8
43 years$754$456$265$150$83$7
44 years$728$435$249$138$75$6
45 years$704$415$234$128$68$5
46 years$681$395$220$118$62$4
47 years$659$377$206$109$56$4
48 years$638$360$194$101$51$3
49 years$618$344$182$93$46$3
50 years$599$329$171$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $613,000, adding $4,815 every year, while hoping to spend $41,627 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: 63/19/18 Blend
44$613,000$613,000$613,000$613,000
45$680,493$648,004$638,502$719,978
46$705,612$635,465$615,601$734,579
47$731,899$620,917$590,538$745,377
48$759,427$604,217$563,196$756,189
49$788,279$585,214$533,453$767,017
50$818,543$563,749$501,183$777,869
51$850,314$539,652$466,253$788,751
52$883,697$512,746$428,523$799,676
53$918,804$482,840$387,849$810,656
54$955,759$449,736$344,078$821,709
55$994,695$413,222$297,054$832,858
56$1,035,758$373,074$246,609$844,127
57$1,079,107$329,057$192,572$855,549
58$1,124,916$280,920$134,763$867,159
59$1,173,373$228,400$72,993$879,003
60$1,224,684$171,219$7,065$891,132
61$1,279,075$109,083$0$903,604
62$1,336,793$41,680$0$928,646
63$1,398,106$0$0$956,421
64$1,463,310$0$0$992,252
65$1,532,726$0$0$1,039,699
66$1,606,707$0$0$1,090,293
67$1,685,640$0$0$1,144,300
68$1,769,949$0$0$1,202,014
69$1,860,097$0$0$1,263,756
70$1,956,592$0$0$1,329,878
71$2,059,994$0$0$1,400,768
72$2,170,913$0$0$1,476,848
73$2,290,020$0$0$1,558,585
74$2,418,054$0$0$1,646,488
75$2,555,822$0$0$1,741,118
76$2,704,213$0$0$1,843,092
77$2,864,203$0$0$1,953,084
78$3,036,862$0$0$2,071,839
79$3,223,369$0$0$2,200,173
80$3,425,017$0$0$2,338,982
81$3,643,228$0$0$2,489,253
82$3,879,566$0$0$2,652,070
83$4,135,749$0$0$2,828,625
84$4,413,668$0$0$3,020,229
85$4,715,401$0$0$3,228,323
86$5,043,234$0$0$3,454,495
87$5,399,682$0$0$3,700,488
88$5,787,511$0$0$3,968,221
89$6,209,768$0$0$4,259,807
90$6,669,799$0$0$4,577,571
91$7,171,294$0$0$4,924,068
92$7,718,307$0$0$5,302,116
93$8,315,306$0$0$5,714,811
94$8,967,205$0$0$6,165,566
95$9,679,415$0$0$6,658,135
96$10,457,894$0$0$7,196,652
97$11,309,200$0$0$7,785,669
98$12,240,554$0$0$8,430,196
99$13,259,907$0$0$9,135,753
100$14,376,015$0$0$9,908,415