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%17.8%
1 years$49,547$49,106$48,676$48,255$47,845$46,332
2 years$24,528$24,072$23,629$23,200$22,783$21,273
3 years$16,190$15,731$15,289$14,864$14,455$12,994
4 years$12,021$11,564$11,127$10,709$10,309$8,909
5 years$9,521$9,066$8,635$8,225$7,837$6,502
6 years$7,855$7,403$6,978$6,578$6,201$4,932
7 years$6,665$6,217$5,799$5,408$5,043$3,840
8 years$5,773$5,329$4,918$4,537$4,184$3,045
9 years$5,079$4,640$4,236$3,864$3,523$2,448
10 years$4,525$4,090$3,693$3,331$3,002$1,989
11 years$4,072$3,641$3,251$2,899$2,582$1,629
12 years$3,694$3,268$2,885$2,543$2,237$1,343
13 years$3,375$2,953$2,578$2,245$1,951$1,113
14 years$3,102$2,685$2,316$1,993$1,710$926
15 years$2,865$2,452$2,091$1,777$1,506$773
16 years$2,658$2,250$1,896$1,591$1,331$647
17 years$2,476$2,072$1,725$1,430$1,180$543
18 years$2,314$1,915$1,575$1,289$1,049$456
19 years$2,169$1,775$1,442$1,164$935$384
20 years$2,039$1,649$1,323$1,054$835$324
21 years$1,922$1,536$1,217$957$748$273
22 years$1,815$1,434$1,122$870$670$231
23 years$1,718$1,341$1,036$792$601$195
24 years$1,629$1,256$958$723$541$165
25 years$1,547$1,179$887$660$486$140
26 years$1,472$1,108$823$604$438$118
27 years$1,402$1,043$764$552$395$100
28 years$1,337$983$710$506$356$85
29 years$1,277$927$661$464$322$72
30 years$1,221$876$616$426$291$61
31 years$1,169$828$574$391$263$52
32 years$1,120$783$536$360$238$44
33 years$1,075$742$500$331$215$37
34 years$1,032$703$467$304$195$32
35 years$991$667$437$280$177$27
36 years$953$633$409$258$160$23
37 years$917$601$382$238$145$19
38 years$883$571$358$219$131$16
39 years$851$543$336$202$119$14
40 years$820$517$315$186$108$12
41 years$791$492$295$172$98$10
42 years$764$468$277$159$89$8
43 years$738$446$260$146$81$7
44 years$713$425$244$135$73$6
45 years$689$406$229$125$67$5
46 years$667$387$215$115$60$4
47 years$645$369$202$107$55$4
48 years$624$353$190$98$50$3
49 years$605$337$178$91$45$3
50 years$586$322$168$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $600,000, adding $2,649 every year, while hoping to spend $23,795 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: 87/7/6 Blend
44$600,000$600,000$600,000$600,000
45$663,932$632,132$622,832$721,321
46$706,336$637,789$618,380$764,755
47$752,267$642,926$612,980$808,909
48$802,060$647,491$606,577$856,663
49$856,084$651,432$599,111$908,365
50$914,743$654,690$590,520$964,392
51$978,482$657,206$580,738$1,025,165
52$1,047,792$658,913$569,697$1,091,143
53$1,123,210$659,743$557,325$1,162,834
54$1,205,330$659,624$543,548$1,240,796
55$1,294,805$658,476$528,288$1,325,644
56$1,392,351$656,218$511,462$1,418,056
57$1,498,760$652,761$492,984$1,518,777
58$1,614,900$648,013$472,767$1,628,629
59$1,741,730$641,876$450,714$1,748,517
60$1,880,303$634,245$426,730$1,879,437
61$2,031,780$625,008$400,711$2,022,488
62$2,197,436$614,049$372,550$2,178,878
63$2,378,681$601,243$342,136$2,349,941
64$2,577,060$586,458$309,352$2,537,144
65$2,794,281$569,555$274,076$2,742,105
66$3,032,221$550,386$236,180$2,966,606
67$3,292,947$528,795$195,532$3,212,608
68$3,578,738$504,617$151,993$3,482,276
69$3,892,102$477,676$105,417$3,777,993
70$4,235,802$447,787$55,654$4,102,384
71$4,612,880$414,755$2,545$4,458,343
72$5,026,688$378,372$0$4,849,058
73$5,480,919$338,421$0$5,281,508
74$5,979,639$294,669$0$5,756,497
75$6,527,327$246,874$0$6,278,140
76$7,128,920$194,775$0$6,851,148
77$7,789,852$138,102$0$7,480,714
78$8,516,114$76,566$0$8,172,559
79$9,314,303$9,863$0$8,932,986
80$10,191,689$0$0$9,768,941
81$11,156,278$0$0$10,692,877
82$12,216,894$0$0$11,709,634
83$13,383,257$0$0$12,827,773
84$14,666,076$0$0$14,057,560
85$16,077,152$0$0$15,410,307
86$17,629,484$0$0$16,898,480
87$19,337,397$0$0$18,535,810
88$21,216,672$0$0$20,337,429
89$23,284,700$0$0$22,320,009
90$25,560,640$0$0$24,501,919
91$28,065,604$0$0$26,903,400
92$30,822,855$0$0$29,546,754
93$33,858,024$0$0$32,456,555
94$37,199,354$0$0$35,659,880
95$40,877,966$0$0$39,186,567
96$44,928,151$0$0$43,069,491
97$49,387,695$0$0$47,344,879
98$54,298,234$0$0$52,052,649
99$59,705,648$0$0$57,236,787
100$65,660,490$0$0$62,945,763