Can I retire at age 45 with 598,000?

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 $598,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$49,382$48,942$48,513$48,094$47,685$46,953
2 years$24,447$23,991$23,550$23,122$22,707$21,972
3 years$16,136$15,679$15,238$14,815$14,406$13,690
4 years$11,981$11,525$11,090$10,673$10,275$9,583
5 years$9,489$9,036$8,606$8,198$7,811$7,146
6 years$7,828$7,379$6,955$6,556$6,180$5,543
7 years$6,643$6,197$5,780$5,390$5,026$4,416
8 years$5,754$5,312$4,902$4,522$4,170$3,587
9 years$5,062$4,625$4,222$3,851$3,512$2,957
10 years$4,510$4,076$3,681$3,320$2,992$2,464
11 years$4,058$3,629$3,240$2,889$2,573$2,071
12 years$3,682$3,257$2,876$2,534$2,230$1,754
13 years$3,364$2,944$2,569$2,237$1,945$1,493
14 years$3,091$2,676$2,308$1,986$1,705$1,278
15 years$2,856$2,444$2,084$1,771$1,501$1,097
16 years$2,649$2,243$1,890$1,586$1,326$946
17 years$2,468$2,065$1,720$1,425$1,176$817
18 years$2,306$1,908$1,570$1,284$1,046$708
19 years$2,162$1,769$1,437$1,160$932$615
20 years$2,032$1,644$1,319$1,051$833$534
21 years$1,915$1,531$1,213$954$745$465
22 years$1,809$1,429$1,118$867$668$406
23 years$1,712$1,337$1,032$790$599$354
24 years$1,623$1,252$955$720$539$309
25 years$1,542$1,175$884$658$485$271
26 years$1,467$1,105$820$602$437$237
27 years$1,397$1,039$762$551$394$207
28 years$1,333$979$708$504$355$182
29 years$1,273$924$659$463$321$159
30 years$1,217$873$614$425$290$140
31 years$1,165$825$572$390$262$122
32 years$1,117$781$534$358$237$107
33 years$1,071$739$498$330$215$94
34 years$1,028$701$466$303$194$83
35 years$988$665$435$279$176$73
36 years$950$631$407$257$159$64
37 years$914$599$381$237$144$56
38 years$880$569$357$218$131$49
39 years$848$541$334$201$119$43
40 years$818$515$313$186$108$38
41 years$789$490$294$171$98$33
42 years$761$467$276$158$89$29
43 years$735$445$259$146$80$26
44 years$711$424$243$135$73$23
45 years$687$404$228$124$66$20
46 years$664$386$214$115$60$18
47 years$643$368$201$106$55$15
48 years$622$351$189$98$50$14
49 years$603$336$178$91$45$12
50 years$584$321$167$84$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $598,000, adding $5,376 every year, while hoping to spend $42,197 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: 40/36/24 Blend
44$598,000$598,000$598,000$598,000
45$664,541$632,847$623,578$686,222
46$687,427$618,960$599,571$688,464
47$711,233$602,977$573,345$686,511
48$736,009$584,753$544,782$683,562
49$761,807$564,130$513,757$679,551
50$788,683$540,945$480,140$674,407
51$816,701$515,023$443,797$668,060
52$845,925$486,180$404,584$660,433
53$876,425$454,219$362,354$651,446
54$908,280$418,935$316,953$641,019
55$941,572$380,110$268,217$629,064
56$976,389$337,513$215,980$615,493
57$1,012,830$290,900$160,064$600,211
58$1,050,998$240,013$100,286$583,124
59$1,091,008$184,582$36,453$564,130
60$1,132,981$124,317$0$543,126
61$1,177,053$58,917$0$528,114
62$1,223,369$0$0$521,363
63$1,272,085$0$0$518,198
64$1,323,375$0$0$539,467
65$1,377,424$0$0$561,910
66$1,434,437$0$0$585,615
67$1,494,635$0$0$610,680
68$1,558,262$0$0$637,210
69$1,625,580$0$0$665,319
70$1,696,878$0$0$695,133
71$1,772,472$0$0$726,790
72$1,852,705$0$0$760,440
73$1,937,954$0$0$796,247
74$2,028,632$0$0$834,390
75$2,125,188$0$0$875,067
76$2,228,117$0$0$918,494
77$2,337,958$0$0$964,907
78$2,455,305$0$0$1,014,565
79$2,580,805$0$0$1,067,752
80$2,715,170$0$0$1,124,779
81$2,859,182$0$0$1,185,989
82$3,013,695$0$0$1,251,757
83$3,179,648$0$0$1,322,494
84$3,358,074$0$0$1,398,653
85$3,550,103$0$0$1,480,729
86$3,756,979$0$0$1,569,269
87$3,980,066$0$0$1,664,871
88$4,220,864$0$0$1,768,194
89$4,481,020$0$0$1,879,962
90$4,762,346$0$0$2,000,969
91$5,066,832$0$0$2,132,091
92$5,396,664$0$0$2,274,288
93$5,754,250$0$0$2,428,618
94$6,142,234$0$0$2,596,244
95$6,563,525$0$0$2,778,445
96$7,021,324$0$0$2,976,628
97$7,519,150$0$0$3,192,341
98$8,060,876$0$0$3,427,287
99$8,650,764$0$0$3,683,343
100$9,293,503$0$0$3,962,570