Can I retire at age 45 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$49,465$49,024$48,594$48,175$47,765$47,266
2 years$24,488$24,031$23,590$23,161$22,745$22,243
3 years$16,163$15,705$15,264$14,839$14,431$13,940
4 years$12,001$11,545$11,108$10,691$10,292$9,818
5 years$9,505$9,051$8,620$8,212$7,824$7,367
6 years$7,841$7,391$6,967$6,567$6,191$5,751
7 years$6,654$6,207$5,789$5,399$5,035$4,613
8 years$5,763$5,320$4,910$4,529$4,177$3,773
9 years$5,071$4,632$4,229$3,858$3,517$3,132
10 years$4,517$4,083$3,687$3,325$2,997$2,629
11 years$4,065$3,635$3,246$2,894$2,578$2,227
12 years$3,688$3,263$2,881$2,539$2,234$1,900
13 years$3,369$2,949$2,574$2,241$1,948$1,630
14 years$3,097$2,680$2,312$1,989$1,707$1,406
15 years$2,860$2,448$2,088$1,774$1,503$1,218
16 years$2,654$2,246$1,893$1,589$1,329$1,058
17 years$2,472$2,069$1,722$1,427$1,178$922
18 years$2,310$1,912$1,572$1,286$1,047$806
19 years$2,166$1,772$1,439$1,162$934$706
20 years$2,036$1,646$1,321$1,053$834$619
21 years$1,918$1,533$1,215$955$746$544
22 years$1,812$1,431$1,120$869$669$479
23 years$1,715$1,339$1,034$791$600$422
24 years$1,626$1,254$956$722$540$372
25 years$1,544$1,177$886$659$486$328
26 years$1,469$1,106$821$603$437$290
27 years$1,400$1,041$763$552$394$256
28 years$1,335$981$709$505$356$227
29 years$1,275$926$660$463$321$201
30 years$1,219$874$615$425$290$178
31 years$1,167$826$573$391$263$157
32 years$1,118$782$535$359$237$140
33 years$1,073$740$499$330$215$124
34 years$1,030$702$466$304$195$110
35 years$989$666$436$280$176$97
36 years$951$632$408$257$160$86
37 years$915$600$382$237$145$77
38 years$881$570$358$219$131$68
39 years$849$542$335$202$119$60
40 years$819$516$314$186$108$54
41 years$790$491$294$172$98$48
42 years$763$468$276$158$89$42
43 years$737$446$259$146$81$38
44 years$712$425$243$135$73$33
45 years$688$405$228$125$66$30
46 years$665$386$215$115$60$26
47 years$644$369$202$106$55$23
48 years$623$352$189$98$50$21
49 years$604$336$178$91$45$18
50 years$585$321$167$84$41$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $599,000, adding $6,576 every year, while hoping to spend $42,262 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: 80/8/12 Blend
44$599,000$599,000$599,000$599,000
45$666,881$635,134$625,850$718,233
46$689,937$621,289$601,849$739,054
47$713,927$605,350$575,628$755,742
48$738,904$587,168$547,068$772,824
49$764,921$566,588$516,044$790,321
50$792,037$543,445$482,425$808,255
51$820,316$517,565$446,078$826,649
52$849,825$488,762$406,858$845,531
53$880,638$456,842$364,618$864,931
54$912,834$421,599$319,204$884,883
55$946,499$382,812$270,453$905,423
56$981,724$340,253$218,196$926,593
57$1,018,612$293,677$162,257$948,440
58$1,057,269$242,827$102,452$971,014
59$1,097,815$187,429$38,588$994,374
60$1,140,376$127,197$0$1,018,583
61$1,185,093$61,828$0$1,047,497
62$1,232,114$0$0$1,082,930
63$1,281,606$0$0$1,120,843
64$1,333,745$0$0$1,166,525
65$1,388,728$0$0$1,214,705
66$1,446,765$0$0$1,265,568
67$1,508,088$0$0$1,319,319
68$1,572,950$0$0$1,376,179
69$1,641,625$0$0$1,436,392
70$1,714,414$0$0$1,500,220
71$1,791,647$0$0$1,567,955
72$1,873,681$0$0$1,639,913
73$1,960,910$0$0$1,716,438
74$2,053,764$0$0$1,797,911
75$2,152,714$0$0$1,884,746
76$2,258,275$0$0$1,977,396
77$2,371,012$0$0$2,076,359
78$2,491,543$0$0$2,182,181
79$2,620,547$0$0$2,295,458
80$2,758,768$0$0$2,416,847
81$2,907,021$0$0$2,547,066
82$3,066,202$0$0$2,686,904
83$3,237,294$0$0$2,837,226
84$3,421,375$0$0$2,998,983
85$3,619,629$0$0$3,173,219
86$3,833,357$0$0$3,361,079
87$4,063,988$0$0$3,563,824
88$4,313,092$0$0$3,782,835
89$4,582,393$0$0$4,019,635
90$4,873,788$0$0$4,275,892
91$5,189,361$0$0$4,553,445
92$5,531,404$0$0$4,854,313
93$5,902,436$0$0$5,180,716
94$6,305,228$0$0$5,535,097
95$6,742,829$0$0$5,920,143
96$7,218,590$0$0$6,338,808
97$7,736,202$0$0$6,794,343
98$8,299,720$0$0$7,290,325
99$8,913,612$0$0$7,830,691
100$9,582,792$0$0$8,419,773