Can I retire at age 45 with 598,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$49,382$48,942$48,513$48,094$47,685$46,476
2 years$24,447$23,991$23,550$23,122$22,707$21,497
3 years$16,136$15,679$15,238$14,815$14,406$13,233
4 years$11,981$11,525$11,090$10,673$10,275$9,147
5 years$9,489$9,036$8,606$8,198$7,811$6,731
6 years$7,828$7,379$6,955$6,556$6,180$5,151
7 years$6,643$6,197$5,780$5,390$5,026$4,047
8 years$5,754$5,312$4,902$4,522$4,170$3,240
9 years$5,062$4,625$4,222$3,851$3,512$2,630
10 years$4,510$4,076$3,681$3,320$2,992$2,159
11 years$4,058$3,629$3,240$2,889$2,573$1,786
12 years$3,682$3,257$2,876$2,534$2,230$1,488
13 years$3,364$2,944$2,569$2,237$1,945$1,246
14 years$3,091$2,676$2,308$1,986$1,705$1,048
15 years$2,856$2,444$2,084$1,771$1,501$885
16 years$2,649$2,243$1,890$1,586$1,326$749
17 years$2,468$2,065$1,720$1,425$1,176$636
18 years$2,306$1,908$1,570$1,284$1,046$541
19 years$2,162$1,769$1,437$1,160$932$461
20 years$2,032$1,644$1,319$1,051$833$393
21 years$1,915$1,531$1,213$954$745$336
22 years$1,809$1,429$1,118$867$668$287
23 years$1,712$1,337$1,032$790$599$246
24 years$1,623$1,252$955$720$539$211
25 years$1,542$1,175$884$658$485$181
26 years$1,467$1,105$820$602$437$155
27 years$1,397$1,039$762$551$394$133
28 years$1,333$979$708$504$355$114
29 years$1,273$924$659$463$321$98
30 years$1,217$873$614$425$290$84
31 years$1,165$825$572$390$262$72
32 years$1,117$781$534$358$237$62
33 years$1,071$739$498$330$215$53
34 years$1,028$701$466$303$194$46
35 years$988$665$435$279$176$40
36 years$950$631$407$257$159$34
37 years$914$599$381$237$144$29
38 years$880$569$357$218$131$25
39 years$848$541$334$201$119$22
40 years$818$515$313$186$108$19
41 years$789$490$294$171$98$16
42 years$761$467$276$158$89$14
43 years$735$445$259$146$80$12
44 years$711$424$243$135$73$10
45 years$687$404$228$124$66$9
46 years$664$386$214$115$60$8
47 years$643$368$201$106$55$6
48 years$622$351$189$98$50$6
49 years$603$336$178$91$45$5
50 years$584$321$167$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $598,000, adding $3,960 every year, while hoping to spend $43,530 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: 66/22/12 Blend
44$598,000$598,000$598,000$598,000
45$663,081$631,387$622,118$704,803
46$684,399$616,009$596,643$717,739
47$706,434$598,419$568,856$726,379
48$729,210$578,462$538,633$734,715
49$752,758$555,975$505,846$742,713
50$777,107$530,785$470,359$750,339
51$802,287$502,709$432,031$757,556
52$828,332$471,553$390,716$764,325
53$855,276$437,114$346,260$770,605
54$883,156$399,174$298,501$776,353
55$912,010$357,506$247,273$781,523
56$941,878$311,867$192,400$786,067
57$972,804$262,002$133,699$789,936
58$1,004,832$207,642$70,980$793,075
59$1,038,009$148,502$4,042$795,430
60$1,072,388$84,280$0$796,942
61$1,108,021$14,659$0$806,179
62$1,144,965$0$0$815,561
63$1,183,282$0$0$839,227
64$1,223,035$0$0$867,466
65$1,264,293$0$0$896,779
66$1,307,129$0$0$927,217
67$1,351,622$0$0$958,838
68$1,397,854$0$0$991,701
69$1,445,916$0$0$1,025,870
70$1,495,903$0$0$1,061,415
71$1,547,918$0$0$1,098,409
72$1,602,070$0$0$1,136,931
73$1,658,478$0$0$1,177,067
74$1,717,269$0$0$1,218,908
75$1,778,580$0$0$1,262,552
76$1,842,559$0$0$1,308,107
77$1,909,364$0$0$1,355,687
78$1,979,167$0$0$1,405,416
79$2,052,154$0$0$1,457,428
80$2,128,526$0$0$1,511,868
81$2,208,500$0$0$1,568,892
82$2,292,312$0$0$1,628,672
83$2,380,217$0$0$1,691,392
84$2,472,491$0$0$1,757,252
85$2,569,437$0$0$1,826,470
86$2,671,381$0$0$1,899,282
87$2,778,678$0$0$1,975,946
88$2,891,717$0$0$2,056,743
89$3,010,919$0$0$2,141,977
90$3,136,743$0$0$2,231,982
91$3,269,690$0$0$2,327,120
92$3,410,308$0$0$2,427,787
93$3,559,192$0$0$2,534,417
94$3,716,995$0$0$2,647,481
95$3,884,429$0$0$2,767,497
96$4,062,273$0$0$2,895,028
97$4,251,378$0$0$3,030,692
98$4,452,677$0$0$3,175,166
99$4,667,190$0$0$3,329,190
100$4,896,034$0$0$3,493,574