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%11.9%
1 years$50,621$50,170$49,730$49,301$48,881$48,492
2 years$25,060$24,593$24,141$23,702$23,277$22,884
3 years$16,541$16,072$15,621$15,186$14,768$14,384
4 years$12,282$11,815$11,368$10,941$10,533$10,161
5 years$9,727$9,263$8,822$8,404$8,007$7,648
6 years$8,025$7,564$7,129$6,720$6,335$5,991
7 years$6,809$6,352$5,925$5,525$5,152$4,821
8 years$5,898$5,445$5,025$4,635$4,274$3,957
9 years$5,189$4,741$4,328$3,948$3,600$3,296
10 years$4,623$4,179$3,773$3,403$3,067$2,777
11 years$4,160$3,720$3,322$2,962$2,638$2,361
12 years$3,774$3,339$2,948$2,598$2,286$2,022
13 years$3,448$3,017$2,634$2,294$1,993$1,742
14 years$3,169$2,743$2,366$2,036$1,747$1,508
15 years$2,927$2,506$2,137$1,816$1,538$1,311
16 years$2,716$2,299$1,937$1,626$1,360$1,144
17 years$2,530$2,117$1,763$1,461$1,206$1,001
18 years$2,364$1,956$1,609$1,316$1,072$879
19 years$2,216$1,813$1,473$1,190$955$773
20 years$2,083$1,685$1,352$1,077$853$681
21 years$1,963$1,569$1,243$978$764$601
22 years$1,854$1,465$1,146$889$685$531
23 years$1,755$1,370$1,058$810$615$470
24 years$1,664$1,284$979$738$552$416
25 years$1,580$1,205$906$674$497$369
26 years$1,503$1,132$841$617$448$328
27 years$1,432$1,066$781$564$404$291
28 years$1,366$1,004$726$517$364$259
29 years$1,305$947$675$474$329$230
30 years$1,248$895$629$435$297$205
31 years$1,194$846$586$400$269$182
32 years$1,145$800$547$367$243$162
33 years$1,098$758$511$338$220$145
34 years$1,054$718$477$311$199$129
35 years$1,013$681$446$286$180$115
36 years$974$647$417$263$163$103
37 years$937$614$391$243$148$91
38 years$902$584$366$224$134$82
39 years$869$555$343$206$122$73
40 years$838$528$321$190$110$65
41 years$809$503$301$176$100$58
42 years$780$479$283$162$91$52
43 years$754$456$265$150$83$46
44 years$728$435$249$138$75$41
45 years$704$415$234$128$68$37
46 years$681$395$220$118$62$33
47 years$659$377$206$109$56$29
48 years$638$360$194$101$51$26
49 years$618$344$182$93$46$23
50 years$599$329$171$86$42$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $613,000, adding $3,155 every year, while hoping to spend $36,752 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: 23/48/29 Blend
44$613,000$613,000$613,000$613,000
45$678,780$646,291$636,790$688,135
46$708,912$638,856$619,019$689,104
47$740,886$629,824$599,420$686,856
48$774,850$619,079$577,894$683,675
49$810,968$606,497$554,337$679,508
50$849,418$591,947$528,639$674,301
51$890,395$575,289$500,685$668,001
52$934,114$556,377$470,356$660,551
53$980,808$535,054$437,528$651,895
54$1,030,735$511,156$402,070$641,975
55$1,084,176$484,509$363,845$630,736
56$1,141,439$454,927$322,711$618,118
57$1,202,864$422,216$278,519$604,067
58$1,268,821$386,170$231,115$588,525
59$1,339,718$346,570$180,335$571,437
60$1,416,004$303,187$126,011$552,751
61$1,498,170$255,776$67,965$532,415
62$1,586,755$204,080$6,014$510,381
63$1,682,352$147,829$0$486,606
64$1,785,613$86,734$0$479,646
65$1,897,255$20,493$0$474,066
66$2,018,063$0$0$468,040
67$2,148,903$0$0$488,669
68$2,290,727$0$0$522,852
69$2,444,579$0$0$560,028
70$2,611,611$0$0$600,487
71$2,793,087$0$0$644,548
72$2,990,399$0$0$692,562
73$3,205,078$0$0$744,915
74$3,438,808$0$0$802,032
75$3,693,444$0$0$864,381
76$3,971,024$0$0$932,476
77$4,273,794$0$0$1,006,884
78$4,604,226$0$0$1,088,230
79$4,965,038$0$0$1,177,201
80$5,359,225$0$0$1,274,553
81$5,790,084$0$0$1,381,118
82$6,261,242$0$0$1,497,816
83$6,776,698$0$0$1,625,654
84$7,340,849$0$0$1,765,747
85$7,958,540$0$0$1,919,319
86$8,635,108$0$0$2,087,719
87$9,376,426$0$0$2,272,434
88$10,188,966$0$0$2,475,101
89$11,079,853$0$0$2,697,523
90$12,056,937$0$0$2,941,685
91$13,128,861$0$0$3,209,775
92$14,305,149$0$0$3,504,204
93$15,596,288$0$0$3,827,627
94$17,013,832$0$0$4,182,967
95$18,570,507$0$0$4,573,447
96$20,280,333$0$0$5,002,616
97$22,158,753$0$0$5,474,385
98$24,222,781$0$0$5,993,062
99$26,491,162$0$0$6,563,393
100$28,984,543$0$0$7,190,607