Can I retire at age 45 with 601,000?

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 $601,000?

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$49,630$49,188$48,757$48,336$47,925$47,424
2 years$24,569$24,112$23,668$23,238$22,821$22,317
3 years$16,217$15,757$15,315$14,889$14,479$13,987
4 years$12,041$11,583$11,145$10,727$10,326$9,850
5 years$9,537$9,081$8,649$8,239$7,850$7,391
6 years$7,868$7,416$6,990$6,589$6,211$5,771
7 years$6,676$6,228$5,809$5,417$5,052$4,629
8 years$5,782$5,338$4,926$4,544$4,191$3,786
9 years$5,088$4,648$4,243$3,871$3,529$3,142
10 years$4,533$4,097$3,699$3,337$3,007$2,638
11 years$4,078$3,647$3,257$2,904$2,586$2,234
12 years$3,700$3,274$2,890$2,547$2,241$1,906
13 years$3,381$2,958$2,582$2,249$1,954$1,636
14 years$3,107$2,689$2,320$1,996$1,713$1,411
15 years$2,870$2,456$2,095$1,780$1,508$1,222
16 years$2,663$2,254$1,899$1,594$1,333$1,062
17 years$2,480$2,076$1,728$1,432$1,182$925
18 years$2,318$1,918$1,578$1,291$1,051$809
19 years$2,173$1,778$1,444$1,166$937$708
20 years$2,043$1,652$1,325$1,056$837$621
21 years$1,925$1,539$1,219$959$749$546
22 years$1,818$1,436$1,124$872$671$480
23 years$1,721$1,343$1,037$794$602$423
24 years$1,631$1,259$959$724$542$373
25 years$1,549$1,181$889$661$487$329
26 years$1,474$1,110$824$605$439$291
27 years$1,404$1,045$765$553$396$257
28 years$1,339$984$711$507$357$228
29 years$1,279$929$662$465$322$201
30 years$1,223$877$617$427$291$178
31 years$1,171$829$575$392$263$158
32 years$1,122$784$536$360$238$140
33 years$1,076$743$501$331$216$124
34 years$1,033$704$468$305$195$110
35 years$993$668$438$281$177$98
36 years$955$634$409$258$160$87
37 years$918$602$383$238$145$77
38 years$884$572$359$219$132$68
39 years$852$544$336$202$119$61
40 years$822$518$315$187$108$54
41 years$793$493$295$172$98$48
42 years$765$469$277$159$89$42
43 years$739$447$260$147$81$38
44 years$714$426$244$135$73$33
45 years$690$406$229$125$67$30
46 years$668$388$215$116$61$26
47 years$646$370$202$107$55$23
48 years$625$353$190$99$50$21
49 years$606$337$179$91$45$19
50 years$587$322$168$84$41$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $601,000, adding $6,010 every year, while hoping to spend $20,747 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: 42/28/30 Blend
44$601,000$601,000$601,000$601,000
45$668,501$636,648$627,333$690,497
46$714,614$645,769$626,274$716,074
47$764,734$654,642$624,484$741,369
48$819,250$663,232$621,917$768,376
49$878,586$671,504$618,524$797,266
50$943,212$679,417$614,254$828,229
51$1,013,642$686,931$609,054$861,474
52$1,090,444$694,001$602,868$897,234
53$1,174,243$700,580$595,637$935,765
54$1,265,724$706,618$587,300$977,353
55$1,365,646$712,060$577,793$1,022,310
56$1,474,841$716,849$567,047$1,070,986
57$1,594,225$720,926$554,994$1,123,765
58$1,724,808$724,223$541,559$1,181,073
59$1,867,702$726,674$526,664$1,243,379
60$2,024,131$728,204$510,231$1,311,203
61$2,195,441$728,735$492,173$1,385,122
62$2,383,119$728,185$472,403$1,465,769
63$2,588,797$726,466$450,828$1,553,847
64$2,814,276$723,485$427,353$1,650,132
65$3,061,539$719,143$401,876$1,755,482
66$3,332,769$713,334$374,292$1,870,843
67$3,630,372$705,948$344,491$1,997,262
68$3,956,997$696,866$312,358$2,135,896
69$4,315,561$685,963$277,773$2,288,020
70$4,709,280$673,107$240,611$2,455,045
71$5,141,695$658,158$200,739$2,638,528
72$5,616,706$640,966$158,022$2,840,189
73$6,138,611$621,374$112,317$3,061,925
74$6,712,144$599,215$63,474$3,305,834
75$7,342,520$574,314$11,337$3,574,229
76$8,035,485$546,484$0$3,869,664
77$8,797,369$515,526$0$4,209,140
78$9,635,147$481,233$0$4,586,381
79$10,556,502$443,384$0$5,001,248
80$11,569,901$401,745$0$5,457,588
81$12,684,670$356,070$0$5,959,646
82$13,911,086$306,098$0$6,512,102
83$15,260,474$251,553$0$7,120,114
84$16,745,308$192,145$0$7,789,373
85$18,379,336$127,567$0$8,526,148
86$20,177,704$57,493$0$9,337,355
87$22,157,101$0$0$10,230,617
88$24,335,917$0$0$11,220,014
89$26,734,414$0$0$12,328,760
90$29,374,919$0$0$13,549,474
91$32,282,034$0$0$14,893,541
92$35,482,867$0$0$16,373,507
93$39,007,289$0$0$18,003,195
94$42,888,215$0$0$19,797,838
95$47,161,914$0$0$21,774,222
96$51,868,352$0$0$23,950,842
97$57,051,569$0$0$26,348,081
98$62,760,091$0$0$28,988,397
99$69,047,395$0$0$31,896,539
100$75,972,406$0$0$35,099,778