Can I retire at age 45 with 601,000?

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 $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%16.6%
1 years$49,630$49,188$48,757$48,336$47,925$46,634
2 years$24,569$24,112$23,668$23,238$22,821$21,530
3 years$16,217$15,757$15,315$14,889$14,479$13,227
4 years$12,041$11,583$11,145$10,727$10,326$9,125
5 years$9,537$9,081$8,649$8,239$7,850$6,701
6 years$7,868$7,416$6,990$6,589$6,211$5,116
7 years$6,676$6,228$5,809$5,417$5,052$4,011
8 years$5,782$5,338$4,926$4,544$4,191$3,203
9 years$5,088$4,648$4,243$3,871$3,529$2,594
10 years$4,533$4,097$3,699$3,337$3,007$2,124
11 years$4,078$3,647$3,257$2,904$2,586$1,753
12 years$3,700$3,274$2,890$2,547$2,241$1,456
13 years$3,381$2,958$2,582$2,249$1,954$1,217
14 years$3,107$2,689$2,320$1,996$1,713$1,020
15 years$2,870$2,456$2,095$1,780$1,508$859
16 years$2,663$2,254$1,899$1,594$1,333$725
17 years$2,480$2,076$1,728$1,432$1,182$614
18 years$2,318$1,918$1,578$1,291$1,051$521
19 years$2,173$1,778$1,444$1,166$937$442
20 years$2,043$1,652$1,325$1,056$837$376
21 years$1,925$1,539$1,219$959$749$320
22 years$1,818$1,436$1,124$872$671$273
23 years$1,721$1,343$1,037$794$602$233
24 years$1,631$1,259$959$724$542$199
25 years$1,549$1,181$889$661$487$170
26 years$1,474$1,110$824$605$439$145
27 years$1,404$1,045$765$553$396$124
28 years$1,339$984$711$507$357$106
29 years$1,279$929$662$465$322$91
30 years$1,223$877$617$427$291$78
31 years$1,171$829$575$392$263$67
32 years$1,122$784$536$360$238$57
33 years$1,076$743$501$331$216$49
34 years$1,033$704$468$305$195$42
35 years$993$668$438$281$177$36
36 years$955$634$409$258$160$31
37 years$918$602$383$238$145$26
38 years$884$572$359$219$132$23
39 years$852$544$336$202$119$19
40 years$822$518$315$187$108$17
41 years$793$493$295$172$98$14
42 years$765$469$277$159$89$12
43 years$739$447$260$147$81$11
44 years$714$426$244$135$73$9
45 years$690$406$229$125$67$8
46 years$668$388$215$116$61$7
47 years$646$370$202$107$55$6
48 years$625$353$190$99$50$5
49 years$606$337$179$91$45$4
50 years$587$322$168$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $601,000, adding $2,384 every year, while hoping to spend $24,500 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: 86/6/8 Blend
44$601,000$601,000$601,000$601,000
45$664,761$632,908$623,593$721,172
46$706,499$637,853$618,415$763,273
47$751,673$642,219$612,243$805,927
48$800,608$645,951$605,017$852,020
49$853,660$648,993$596,676$901,882
50$911,222$651,283$587,154$955,876
51$973,727$652,756$576,383$1,014,401
52$1,041,647$653,341$564,292$1,077,898
53$1,115,507$652,967$550,808$1,146,850
54$1,195,880$651,554$535,851$1,221,791
55$1,283,399$649,019$519,341$1,303,308
56$1,378,759$645,274$501,193$1,392,048
57$1,482,726$640,226$481,316$1,488,723
58$1,596,143$633,776$459,619$1,594,118
59$1,719,937$625,819$436,004$1,709,098
60$1,855,130$616,242$410,369$1,834,615
61$2,002,844$604,929$382,607$1,971,718
62$2,164,317$591,754$352,608$2,121,562
63$2,340,912$576,585$320,255$2,285,420
64$2,534,129$559,281$285,427$2,464,697
65$2,745,618$539,694$247,997$2,660,936
66$2,977,199$517,667$207,833$2,875,841
67$3,230,875$493,034$164,797$3,111,289
68$3,508,851$465,619$118,744$3,369,346
69$3,813,555$435,236$69,523$3,652,290
70$4,147,664$401,689$16,979$3,962,632
71$4,514,123$364,769$0$4,303,138
72$4,916,178$324,257$0$4,680,192
73$5,357,404$279,921$0$5,095,579
74$5,841,737$231,516$0$5,551,565
75$6,373,516$178,782$0$6,052,244
76$6,957,518$121,445$0$6,602,127
77$7,599,006$59,217$0$7,206,184
78$8,303,778$0$0$7,869,889
79$9,078,221$0$0$8,599,819
80$9,929,373$0$0$9,406,353
81$10,864,984$0$0$10,292,928
82$11,893,598$0$0$11,267,638
83$13,024,621$0$0$12,339,401
84$14,268,422$0$0$13,518,041
85$15,636,423$0$0$14,814,383
86$17,141,207$0$0$16,240,353
87$18,796,640$0$0$17,809,091
88$20,617,999$0$0$19,535,076
89$22,622,116$0$0$21,434,260
90$24,827,536$0$0$23,524,218
91$27,254,695$0$0$25,824,317
92$29,926,109$0$0$28,355,896
93$32,866,588$0$0$31,142,468
94$36,103,467$0$0$34,209,939
95$39,666,870$0$0$37,586,857
96$43,589,987$0$0$41,304,677
97$47,909,390$0$0$45,398,059
98$52,665,379$0$0$49,905,196
99$57,902,359$0$0$54,868,172
100$63,669,263$0$0$60,333,360