Can I retire at age 45 with 614,000?

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 $614,000?

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$50,704$50,252$49,811$49,381$48,961$47,375
2 years$25,101$24,633$24,180$23,741$23,315$21,732
3 years$16,568$16,098$15,646$15,211$14,792$13,261
4 years$12,302$11,834$11,386$10,959$10,550$9,084
5 years$9,743$9,278$8,836$8,417$8,020$6,622
6 years$8,038$7,576$7,141$6,731$6,346$5,017
7 years$6,820$6,362$5,934$5,534$5,161$3,902
8 years$5,907$5,454$5,033$4,643$4,281$3,091
9 years$5,198$4,748$4,335$3,954$3,606$2,482
10 years$4,631$4,186$3,779$3,409$3,072$2,014
11 years$4,167$3,726$3,327$2,967$2,642$1,648
12 years$3,780$3,344$2,953$2,602$2,290$1,356
13 years$3,454$3,022$2,638$2,297$1,997$1,122
14 years$3,174$2,747$2,370$2,039$1,750$932
15 years$2,932$2,510$2,140$1,819$1,541$777
16 years$2,720$2,303$1,940$1,628$1,362$650
17 years$2,534$2,121$1,766$1,463$1,208$544
18 years$2,368$1,959$1,612$1,319$1,074$457
19 years$2,220$1,816$1,475$1,191$957$384
20 years$2,087$1,688$1,354$1,079$855$323
21 years$1,967$1,572$1,246$979$765$272
22 years$1,857$1,467$1,148$890$686$230
23 years$1,758$1,372$1,060$811$616$194
24 years$1,667$1,286$980$740$553$164
25 years$1,583$1,207$908$675$498$138
26 years$1,506$1,134$842$618$448$117
27 years$1,435$1,067$782$565$404$99
28 years$1,368$1,006$727$518$365$84
29 years$1,307$949$676$475$329$71
30 years$1,250$896$630$436$298$60
31 years$1,196$847$587$400$269$51
32 years$1,146$801$548$368$243$43
33 years$1,100$759$512$338$220$36
34 years$1,056$719$478$311$199$31
35 years$1,014$682$447$287$181$26
36 years$975$648$418$264$164$22
37 years$938$615$391$243$148$19
38 years$904$585$367$224$134$16
39 years$871$556$343$207$122$13
40 years$839$529$322$191$111$11
41 years$810$503$302$176$100$10
42 years$782$479$283$162$91$8
43 years$755$457$266$150$83$7
44 years$730$435$249$138$75$6
45 years$705$415$234$128$68$5
46 years$682$396$220$118$62$4
47 years$660$378$207$109$56$4
48 years$639$361$194$101$51$3
49 years$619$345$182$93$46$3
50 years$599$329$172$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $614,000, adding $2,571 every year, while hoping to spend $34,523 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: 47/36/17 Blend
44$614,000$614,000$614,000$614,000
45$679,280$646,738$637,221$707,828
46$711,834$641,696$621,836$722,889
47$746,552$635,250$604,778$735,522
48$783,618$627,294$585,955$748,493
49$823,233$617,718$565,271$761,849
50$865,619$606,402$542,624$775,640
51$911,018$593,222$517,908$789,928
52$959,697$578,045$491,013$804,781
53$1,011,948$560,731$461,823$820,276
54$1,068,090$541,131$430,218$836,502
55$1,128,477$519,087$396,072$853,560
56$1,193,493$494,434$359,251$871,564
57$1,263,562$466,994$319,620$890,643
58$1,339,152$436,583$277,033$910,943
59$1,420,773$403,003$231,341$932,629
60$1,508,987$366,046$182,387$955,884
61$1,604,413$325,492$130,006$980,919
62$1,707,730$281,108$74,028$1,007,966
63$1,819,686$232,649$14,275$1,037,289
64$1,941,100$179,855$0$1,069,182
65$2,072,876$122,452$0$1,112,954
66$2,216,007$60,150$0$1,163,342
67$2,371,587$0$0$1,218,205
68$2,540,816$0$0$1,280,958
69$2,725,018$0$0$1,375,260
70$2,925,647$0$0$1,478,035
71$3,144,304$0$0$1,590,112
72$3,382,752$0$0$1,712,403
73$3,642,930$0$0$1,845,910
74$3,926,973$0$0$1,991,739
75$4,237,232$0$0$2,151,105
76$4,576,292$0$0$2,325,347
77$4,947,002$0$0$2,515,938
78$5,352,499$0$0$2,724,503
79$5,796,235$0$0$2,952,826
80$6,282,012$0$0$3,202,878
81$6,814,017$0$0$3,476,823
82$7,396,861$0$0$3,777,050
83$8,035,621$0$0$4,106,185
84$8,735,889$0$0$4,467,125
85$9,503,824$0$0$4,863,057
86$10,346,210$0$0$5,297,493
87$11,270,520$0$0$5,774,301
88$12,284,982$0$0$6,297,742
89$13,398,662$0$0$6,872,510
90$14,621,547$0$0$7,503,775
91$15,964,638$0$0$8,197,232
92$17,440,052$0$0$8,959,156
93$19,061,140$0$0$9,796,459
94$20,842,608$0$0$10,716,756
95$22,800,658$0$0$11,728,437
96$24,953,141$0$0$12,840,744
97$27,319,721$0$0$14,063,861
98$29,922,066$0$0$15,409,007
99$32,784,046$0$0$16,888,543
100$35,931,960$0$0$18,516,087