Can I retire at age 45 with 599,000?

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 $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%16.3%
1 years$49,465$49,024$48,594$48,175$47,765$46,535
2 years$24,488$24,031$23,590$23,161$22,745$21,514
3 years$16,163$15,705$15,264$14,839$14,431$13,237
4 years$12,001$11,545$11,108$10,691$10,292$9,145
5 years$9,505$9,051$8,620$8,212$7,824$6,727
6 years$7,841$7,391$6,967$6,567$6,191$5,144
7 years$6,654$6,207$5,789$5,399$5,035$4,039
8 years$5,763$5,320$4,910$4,529$4,177$3,232
9 years$5,071$4,632$4,229$3,858$3,517$2,622
10 years$4,517$4,083$3,687$3,325$2,997$2,151
11 years$4,065$3,635$3,246$2,894$2,578$1,779
12 years$3,688$3,263$2,881$2,539$2,234$1,481
13 years$3,369$2,949$2,574$2,241$1,948$1,239
14 years$3,097$2,680$2,312$1,989$1,707$1,042
15 years$2,860$2,448$2,088$1,774$1,503$879
16 years$2,654$2,246$1,893$1,589$1,329$744
17 years$2,472$2,069$1,722$1,427$1,178$631
18 years$2,310$1,912$1,572$1,286$1,047$536
19 years$2,166$1,772$1,439$1,162$934$456
20 years$2,036$1,646$1,321$1,053$834$389
21 years$1,918$1,533$1,215$955$746$332
22 years$1,812$1,431$1,120$869$669$284
23 years$1,715$1,339$1,034$791$600$243
24 years$1,626$1,254$956$722$540$208
25 years$1,544$1,177$886$659$486$178
26 years$1,469$1,106$821$603$437$153
27 years$1,400$1,041$763$552$394$131
28 years$1,335$981$709$505$356$112
29 years$1,275$926$660$463$321$96
30 years$1,219$874$615$425$290$83
31 years$1,167$826$573$391$263$71
32 years$1,118$782$535$359$237$61
33 years$1,073$740$499$330$215$52
34 years$1,030$702$466$304$195$45
35 years$989$666$436$280$176$39
36 years$951$632$408$257$160$33
37 years$915$600$382$237$145$29
38 years$881$570$358$219$131$25
39 years$849$542$335$202$119$21
40 years$819$516$314$186$108$18
41 years$790$491$294$172$98$16
42 years$763$468$276$158$89$13
43 years$737$446$259$146$81$11
44 years$712$425$243$135$73$10
45 years$688$405$228$125$66$8
46 years$665$386$215$115$60$7
47 years$644$369$202$106$55$6
48 years$623$352$189$98$50$5
49 years$604$336$178$91$45$5
50 years$585$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 $599,000, adding $4,979 every year, while hoping to spend $40,947 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: 39/42/19 Blend
44$599,000$599,000$599,000$599,000
45$665,234$633,487$624,202$687,235
46$689,520$620,960$601,546$690,954
47$714,912$606,448$576,758$690,697
48$741,478$589,808$549,724$689,570
49$769,293$570,894$520,324$687,515
50$798,439$549,546$488,434$684,474
51$829,005$525,598$453,921$680,387
52$861,085$498,875$416,649$675,188
53$894,785$469,189$376,476$668,815
54$930,217$436,343$333,252$661,197
55$967,504$400,129$286,821$652,267
56$1,006,781$360,326$237,021$641,953
57$1,048,192$316,702$183,680$630,182
58$1,091,897$269,009$126,623$616,877
59$1,138,068$216,989$65,663$601,964
60$1,186,895$160,365$607$585,364
61$1,238,584$98,849$0$566,999
62$1,293,360$32,133$0$560,740
63$1,351,469$0$0$553,595
64$1,413,180$0$0$563,941
65$1,478,787$0$0$590,770
66$1,548,612$0$0$619,368
67$1,623,007$0$0$649,887
68$1,702,359$0$0$682,490
69$1,787,089$0$0$717,357
70$1,877,661$0$0$754,686
71$1,974,582$0$0$794,693
72$2,078,410$0$0$837,617
73$2,189,754$0$0$883,718
74$2,309,285$0$0$933,282
75$2,437,737$0$0$986,623
76$2,575,918$0$0$1,044,087
77$2,724,713$0$0$1,106,052
78$2,885,097$0$0$1,172,935
79$3,058,137$0$0$1,245,193
80$3,245,008$0$0$1,323,328
81$3,447,000$0$0$1,407,894
82$3,665,533$0$0$1,499,498
83$3,902,164$0$0$1,598,808
84$4,158,608$0$0$1,706,557
85$4,436,750$0$0$1,823,554
86$4,738,662$0$0$1,950,686
87$5,066,624$0$0$2,088,932
88$5,423,144$0$0$2,239,366
89$5,810,980$0$0$2,403,172
90$6,233,168$0$0$2,581,650
91$6,693,047$0$0$2,776,234
92$7,194,292$0$0$2,988,499
93$7,740,949$0$0$3,220,183
94$8,337,470$0$0$3,473,193
95$8,988,755$0$0$3,749,635
96$9,700,197$0$0$4,051,822
97$10,477,737$0$0$4,382,303
98$11,327,911$0$0$4,743,885
99$12,257,918$0$0$5,139,658
100$13,275,685$0$0$5,573,025