Can I retire at age 45 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$50,786$50,334$49,892$49,462$49,041$47,739
2 years$25,142$24,673$24,220$23,780$23,353$22,050
3 years$16,595$16,124$15,672$15,236$14,816$13,554
4 years$12,322$11,853$11,405$10,977$10,567$9,354
5 years$9,759$9,293$8,851$8,431$8,033$6,873
6 years$8,051$7,588$7,153$6,742$6,356$5,251
7 years$6,831$6,373$5,944$5,543$5,169$4,118
8 years$5,917$5,463$5,041$4,650$4,288$3,291
9 years$5,206$4,756$4,342$3,961$3,611$2,667
10 years$4,638$4,192$3,785$3,414$3,077$2,185
11 years$4,173$3,732$3,332$2,971$2,646$1,804
12 years$3,787$3,350$2,957$2,606$2,293$1,500
13 years$3,459$3,027$2,642$2,301$2,000$1,254
14 years$3,179$2,752$2,374$2,043$1,753$1,053
15 years$2,937$2,514$2,144$1,822$1,544$887
16 years$2,725$2,306$1,943$1,631$1,364$749
17 years$2,538$2,124$1,768$1,466$1,210$635
18 years$2,372$1,963$1,614$1,321$1,075$539
19 years$2,224$1,819$1,478$1,193$959$458
20 years$2,090$1,690$1,356$1,081$856$390
21 years$1,970$1,574$1,248$981$766$332
22 years$1,860$1,470$1,150$892$687$283
23 years$1,761$1,375$1,062$812$617$242
24 years$1,669$1,288$982$741$554$207
25 years$1,586$1,209$909$677$499$177
26 years$1,508$1,136$843$619$449$151
27 years$1,437$1,069$783$566$405$130
28 years$1,371$1,007$728$519$365$111
29 years$1,309$950$678$476$330$95
30 years$1,252$897$631$437$298$81
31 years$1,198$848$588$401$270$70
32 years$1,148$803$549$369$244$60
33 years$1,101$760$513$339$221$51
34 years$1,057$721$479$312$200$44
35 years$1,016$683$448$287$181$38
36 years$977$649$419$264$164$32
37 years$940$616$392$244$149$28
38 years$905$585$367$225$135$24
39 years$872$557$344$207$122$20
40 years$841$530$322$191$111$18
41 years$811$504$302$176$101$15
42 years$783$480$284$163$91$13
43 years$756$458$266$150$83$11
44 years$731$436$250$139$75$10
45 years$706$416$235$128$68$8
46 years$683$397$220$118$62$7
47 years$661$379$207$109$56$6
48 years$640$361$194$101$51$5
49 years$620$345$183$93$46$4
50 years$600$330$172$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $615,000, adding $2,404 every year, while hoping to spend $46,765 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: 74/13/13 Blend
44$615,000$615,000$615,000$615,000
45$680,210$647,615$638,082$728,528
46$699,834$629,590$609,700$742,763
47$719,892$609,115$578,800$752,311
48$740,379$586,020$545,248$761,500
49$761,288$560,126$508,905$770,281
50$782,610$531,242$469,624$778,600
51$804,332$499,169$427,252$786,401
52$826,440$463,694$381,631$793,620
53$848,915$424,593$332,593$800,190
54$871,734$381,629$279,966$806,037
55$894,873$334,550$223,566$811,081
56$918,300$283,093$163,206$815,237
57$941,979$226,977$98,685$818,410
58$965,868$165,907$29,799$820,498
59$989,921$99,570$0$821,391
60$1,014,081$27,637$0$827,033
61$1,038,285$0$0$836,035
62$1,062,463$0$0$851,337
63$1,086,533$0$0$870,490
64$1,110,402$0$0$889,465
65$1,133,967$0$0$908,176
66$1,157,109$0$0$926,527
67$1,179,698$0$0$944,410
68$1,201,585$0$0$961,704
69$1,222,603$0$0$978,272
70$1,242,567$0$0$993,961
71$1,261,267$0$0$1,008,602
72$1,278,472$0$0$1,022,004
73$1,293,921$0$0$1,033,955
74$1,307,324$0$0$1,044,217
75$1,318,360$0$0$1,052,527
76$1,326,668$0$0$1,058,592
77$1,331,850$0$0$1,062,084
78$1,333,461$0$0$1,062,641
79$1,331,008$0$0$1,059,860
80$1,323,943$0$0$1,053,294
81$1,311,658$0$0$1,042,446
82$1,293,479$0$0$1,026,765
83$1,268,659$0$0$1,005,641
84$1,236,369$0$0$978,399
85$1,195,693$0$0$944,288
86$1,145,614$0$0$902,481
87$1,085,008$0$0$852,057
88$1,012,630$0$0$792,003
89$927,103$0$0$721,194
90$826,905$0$0$638,387
91$710,351$0$0$542,208
92$575,581$0$0$431,138
93$420,537$0$0$303,498
94$242,945$0$0$157,433
95$40,293$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0