Can I retire at age 45 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$51,282$50,825$50,379$49,944$49,519$48,244
2 years$25,387$24,914$24,456$24,012$23,581$22,304
3 years$16,757$16,282$15,825$15,384$14,961$13,723
4 years$12,442$11,969$11,516$11,084$10,670$9,481
5 years$9,854$9,384$8,937$8,513$8,111$6,974
6 years$8,129$7,662$7,222$6,808$6,418$5,333
7 years$6,898$6,435$6,002$5,597$5,220$4,188
8 years$5,975$5,516$5,090$4,695$4,330$3,351
9 years$5,257$4,803$4,384$4,000$3,647$2,719
10 years$4,683$4,233$3,822$3,448$3,107$2,230
11 years$4,214$3,769$3,365$3,000$2,672$1,844
12 years$3,824$3,383$2,986$2,632$2,316$1,535
13 years$3,493$3,057$2,668$2,323$2,019$1,285
14 years$3,210$2,779$2,397$2,063$1,770$1,080
15 years$2,965$2,538$2,164$1,839$1,559$911
16 years$2,751$2,329$1,962$1,647$1,377$771
17 years$2,563$2,145$1,786$1,480$1,221$654
18 years$2,395$1,982$1,630$1,334$1,086$556
19 years$2,245$1,837$1,492$1,205$968$473
20 years$2,111$1,707$1,370$1,091$865$403
21 years$1,989$1,590$1,260$991$774$344
22 years$1,879$1,484$1,161$901$694$294
23 years$1,778$1,388$1,072$820$623$252
24 years$1,686$1,300$991$748$560$216
25 years$1,601$1,220$918$683$504$185
26 years$1,523$1,147$852$625$454$158
27 years$1,451$1,079$791$572$409$136
28 years$1,384$1,017$735$524$369$116
29 years$1,322$960$684$480$333$100
30 years$1,264$906$637$441$301$86
31 years$1,210$857$594$405$272$74
32 years$1,160$811$554$372$246$63
33 years$1,112$768$518$342$223$54
34 years$1,068$728$484$315$202$47
35 years$1,026$690$452$290$183$40
36 years$986$655$423$267$166$34
37 years$949$622$396$246$150$30
38 years$914$591$371$227$136$25
39 years$881$562$347$209$123$22
40 years$849$535$326$193$112$19
41 years$819$509$305$178$102$16
42 years$791$485$286$164$92$14
43 years$764$462$269$152$84$12
44 years$738$440$252$140$76$10
45 years$713$420$237$129$69$9
46 years$690$401$222$119$63$8
47 years$668$382$209$110$57$7
48 years$646$365$196$102$52$6
49 years$626$349$185$94$47$5
50 years$606$333$174$87$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $621,000, adding $3,006 every year, while hoping to spend $35,431 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: 79/11/10 Blend
44$621,000$621,000$621,000$621,000
45$687,443$654,530$644,904$740,374
46$719,864$648,903$628,810$769,930
47$754,404$641,814$610,990$797,447
48$791,242$633,152$591,347$826,598
49$830,575$622,802$569,783$857,530
50$872,616$610,642$546,193$890,405
51$917,601$596,542$520,469$925,402
52$965,788$580,364$492,496$962,719
53$1,017,459$561,963$462,156$1,002,572
54$1,072,926$541,185$429,324$1,045,201
55$1,132,528$517,866$393,870$1,090,871
56$1,196,640$491,836$355,658$1,139,872
57$1,265,672$462,910$314,548$1,192,528
58$1,340,075$430,897$270,389$1,249,194
59$1,420,344$395,593$223,029$1,310,260
60$1,507,023$356,781$172,304$1,376,159
61$1,600,710$314,234$118,048$1,447,368
62$1,702,063$267,712$60,083$1,524,414
63$1,811,803$216,960$0$1,607,876
64$1,930,725$161,709$0$1,698,586
65$2,059,701$101,675$0$1,803,914
66$2,199,693$36,559$0$1,918,244
67$2,351,755$0$0$2,042,458
68$2,517,050$0$0$2,181,641
69$2,696,856$0$0$2,337,872
70$2,892,579$0$0$2,507,951
71$3,105,766$0$0$2,693,223
72$3,338,119$0$0$2,895,172
73$3,591,512$0$0$3,115,427
74$3,868,008$0$0$3,355,784
75$4,169,877$0$0$3,618,219
76$4,499,618$0$0$3,904,906
77$4,859,981$0$0$4,218,242
78$5,253,995$0$0$4,560,861
79$5,684,995$0$0$4,935,666
80$6,156,652$0$0$5,345,854
81$6,673,010$0$0$5,794,943
82$7,238,520$0$0$6,286,810
83$7,858,086$0$0$6,825,722
84$8,537,106$0$0$7,416,379
85$9,281,527$0$0$8,063,958
86$10,097,899$0$0$8,774,160
87$10,993,435$0$0$9,553,264
88$11,976,080$0$0$10,408,187
89$13,054,587$0$0$11,346,548
90$14,238,595$0$0$12,376,739
91$15,538,723$0$0$13,508,003
92$16,966,671$0$0$14,750,525
93$18,535,323$0$0$16,115,522
94$20,258,877$0$0$17,615,353
95$22,152,970$0$0$19,263,632
96$24,234,834$0$0$21,075,359
97$26,523,449$0$0$23,067,057
98$29,039,728$0$0$25,256,931
99$31,806,710$0$0$27,665,039
100$34,849,779$0$0$30,313,479