Can I retire at age 45 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$49,547$49,106$48,676$48,255$47,845$46,500
2 years$24,528$24,072$23,629$23,200$22,783$21,438
3 years$16,190$15,731$15,289$14,864$14,455$13,152
4 years$12,021$11,564$11,127$10,709$10,309$9,059
5 years$9,521$9,066$8,635$8,225$7,837$6,642
6 years$7,855$7,403$6,978$6,578$6,201$5,063
7 years$6,665$6,217$5,799$5,408$5,043$3,962
8 years$5,773$5,329$4,918$4,537$4,184$3,159
9 years$5,079$4,640$4,236$3,864$3,523$2,554
10 years$4,525$4,090$3,693$3,331$3,002$2,087
11 years$4,072$3,641$3,251$2,899$2,582$1,719
12 years$3,694$3,268$2,885$2,543$2,237$1,425
13 years$3,375$2,953$2,578$2,245$1,951$1,188
14 years$3,102$2,685$2,316$1,993$1,710$995
15 years$2,865$2,452$2,091$1,777$1,506$836
16 years$2,658$2,250$1,896$1,591$1,331$704
17 years$2,476$2,072$1,725$1,430$1,180$595
18 years$2,314$1,915$1,575$1,289$1,049$503
19 years$2,169$1,775$1,442$1,164$935$426
20 years$2,039$1,649$1,323$1,054$835$362
21 years$1,922$1,536$1,217$957$748$308
22 years$1,815$1,434$1,122$870$670$262
23 years$1,718$1,341$1,036$792$601$223
24 years$1,629$1,256$958$723$541$190
25 years$1,547$1,179$887$660$486$162
26 years$1,472$1,108$823$604$438$138
27 years$1,402$1,043$764$552$395$118
28 years$1,337$983$710$506$356$100
29 years$1,277$927$661$464$322$86
30 years$1,221$876$616$426$291$73
31 years$1,169$828$574$391$263$63
32 years$1,120$783$536$360$238$53
33 years$1,075$742$500$331$215$46
34 years$1,032$703$467$304$195$39
35 years$991$667$437$280$177$33
36 years$953$633$409$258$160$29
37 years$917$601$382$238$145$24
38 years$883$571$358$219$131$21
39 years$851$543$336$202$119$18
40 years$820$517$315$186$108$15
41 years$791$492$295$172$98$13
42 years$764$468$277$159$89$11
43 years$738$446$260$146$81$10
44 years$713$425$244$135$73$8
45 years$689$406$229$125$67$7
46 years$667$387$215$115$60$6
47 years$645$369$202$107$55$5
48 years$624$353$190$98$50$4
49 years$605$337$178$91$45$4
50 years$586$322$168$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $600,000, adding $6,118 every year, while hoping to spend $25,320 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: 74/6/20 Blend
44$600,000$600,000$600,000$600,000
45$667,511$635,711$626,411$713,295
46$708,657$639,920$620,455$748,713
47$753,151$643,487$613,452$783,846
48$801,308$646,354$605,338$821,695
49$853,474$648,458$596,050$862,525
50$910,030$649,734$585,519$906,628
51$971,393$650,112$573,674$954,326
52$1,038,025$649,517$560,442$1,005,975
53$1,110,432$647,871$545,745$1,061,966
54$1,189,169$645,090$529,500$1,122,732
55$1,274,850$641,085$511,624$1,188,749
56$1,368,148$635,762$492,027$1,260,541
57$1,469,806$629,021$470,617$1,338,690
58$1,580,639$620,756$447,295$1,423,833
59$1,701,546$610,855$421,962$1,516,675
60$1,833,515$599,198$394,509$1,617,994
61$1,977,635$585,661$364,827$1,728,645
62$2,135,105$570,108$332,799$1,849,574
63$2,307,242$552,400$298,304$1,981,822
64$2,495,499$532,386$261,216$2,126,539
65$2,701,476$509,909$221,402$2,284,991
66$2,926,932$484,800$178,725$2,458,574
67$3,173,807$456,883$133,040$2,648,830
68$3,444,236$425,971$84,197$2,857,456
69$3,740,569$391,865$32,039$3,086,325
70$4,065,396$354,356$0$3,337,502
71$4,421,570$313,222$0$3,618,304
72$4,812,230$268,231$0$3,933,824
73$5,240,838$219,134$0$4,280,023
74$5,711,202$165,670$0$4,659,993
75$6,227,522$107,565$0$5,077,138
76$6,794,420$44,526$0$5,535,211
77$7,416,990$0$0$6,038,345
78$8,100,842$0$0$6,592,664
79$8,852,158$0$0$7,204,925
80$9,677,747$0$0$7,877,740
81$10,585,110$0$0$8,617,227
82$11,582,511$0$0$9,430,124
83$12,679,055$0$0$10,323,855
84$13,884,773$0$0$11,306,601
85$15,210,717$0$0$12,387,373
86$16,669,063$0$0$13,576,100
87$18,273,226$0$0$14,883,721
88$20,037,986$0$0$16,322,290
89$21,979,631$0$0$17,905,086
90$24,116,103$0$0$19,646,742
91$26,467,173$0$0$21,563,380
92$29,054,626$0$0$23,672,764
93$31,902,465$0$0$25,994,467
94$35,037,139$0$0$28,550,058
95$38,487,788$0$0$31,363,300
96$42,286,525$0$0$34,460,378
97$46,468,732$0$0$37,870,146
98$51,073,397$0$0$41,624,396
99$56,143,480$0$0$45,758,163
100$61,726,321$0$0$50,310,048