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%12.7%
1 years$49,630$49,188$48,757$48,336$47,925$47,385
2 years$24,569$24,112$23,668$23,238$22,821$22,278
3 years$16,217$15,757$15,315$14,889$14,479$13,948
4 years$12,041$11,583$11,145$10,727$10,326$9,813
5 years$9,537$9,081$8,649$8,239$7,850$7,356
6 years$7,868$7,416$6,990$6,589$6,211$5,737
7 years$6,676$6,228$5,809$5,417$5,052$4,596
8 years$5,782$5,338$4,926$4,544$4,191$3,755
9 years$5,088$4,648$4,243$3,871$3,529$3,113
10 years$4,533$4,097$3,699$3,337$3,007$2,610
11 years$4,078$3,647$3,257$2,904$2,586$2,208
12 years$3,700$3,274$2,890$2,547$2,241$1,882
13 years$3,381$2,958$2,582$2,249$1,954$1,613
14 years$3,107$2,689$2,320$1,996$1,713$1,389
15 years$2,870$2,456$2,095$1,780$1,508$1,201
16 years$2,663$2,254$1,899$1,594$1,333$1,042
17 years$2,480$2,076$1,728$1,432$1,182$907
18 years$2,318$1,918$1,578$1,291$1,051$792
19 years$2,173$1,778$1,444$1,166$937$692
20 years$2,043$1,652$1,325$1,056$837$606
21 years$1,925$1,539$1,219$959$749$532
22 years$1,818$1,436$1,124$872$671$467
23 years$1,721$1,343$1,037$794$602$411
24 years$1,631$1,259$959$724$542$362
25 years$1,549$1,181$889$661$487$319
26 years$1,474$1,110$824$605$439$281
27 years$1,404$1,045$765$553$396$248
28 years$1,339$984$711$507$357$219
29 years$1,279$929$662$465$322$194
30 years$1,223$877$617$427$291$171
31 years$1,171$829$575$392$263$152
32 years$1,122$784$536$360$238$134
33 years$1,076$743$501$331$216$119
34 years$1,033$704$468$305$195$105
35 years$993$668$438$281$177$93
36 years$955$634$409$258$160$82
37 years$918$602$383$238$145$73
38 years$884$572$359$219$132$65
39 years$852$544$336$202$119$57
40 years$822$518$315$187$108$51
41 years$793$493$295$172$98$45
42 years$765$469$277$159$89$40
43 years$739$447$260$147$81$35
44 years$714$426$244$135$73$31
45 years$690$406$229$125$67$28
46 years$668$388$215$116$61$25
47 years$646$370$202$107$55$22
48 years$625$353$190$99$50$19
49 years$606$337$179$91$45$17
50 years$587$322$168$84$41$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $601,000, adding $2,374 every year, while hoping to spend $43,973 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: 53/25/22 Blend
44$601,000$601,000$601,000$601,000
45$664,751$632,898$623,582$695,835
46$685,768$617,123$597,685$701,713
47$707,456$599,101$569,447$703,342
48$729,836$578,676$538,743$704,187
49$752,930$555,682$505,441$704,190
50$776,762$529,944$469,407$703,285
51$801,357$501,276$430,497$701,408
52$826,739$469,483$388,563$698,487
53$852,936$434,357$343,449$694,449
54$879,973$395,678$294,992$689,214
55$907,879$353,215$243,023$682,700
56$936,683$306,723$187,365$674,819
57$966,416$255,943$127,833$665,480
58$997,108$200,602$64,233$654,585
59$1,028,793$140,411$0$642,032
60$1,061,503$75,065$0$628,567
61$1,095,275$4,242$0$629,369
62$1,130,146$0$0$629,276
63$1,166,152$0$0$648,132
64$1,203,334$0$0$668,809
65$1,241,732$0$0$690,165
66$1,281,391$0$0$712,223
67$1,322,355$0$0$735,009
68$1,364,670$0$0$758,547
69$1,408,385$0$0$782,867
70$1,453,552$0$0$807,996
71$1,500,223$0$0$833,964
72$1,548,454$0$0$860,803
73$1,598,305$0$0$888,546
74$1,649,835$0$0$917,226
75$1,703,109$0$0$946,881
76$1,758,194$0$0$977,547
77$1,815,161$0$0$1,009,265
78$1,874,084$0$0$1,042,076
79$1,935,041$0$0$1,076,025
80$1,998,115$0$0$1,111,158
81$2,063,391$0$0$1,147,523
82$2,130,962$0$0$1,185,174
83$2,200,924$0$0$1,224,164
84$2,273,379$0$0$1,264,551
85$2,348,435$0$0$1,306,396
86$2,426,207$0$0$1,349,765
87$2,506,816$0$0$1,394,726
88$2,590,391$0$0$1,441,352
89$2,677,069$0$0$1,489,722
90$2,766,995$0$0$1,539,918
91$2,860,325$0$0$1,592,029
92$2,957,224$0$0$1,646,149
93$3,057,869$0$0$1,702,378
94$3,162,449$0$0$1,760,826
95$3,271,165$0$0$1,821,606
96$3,384,233$0$0$1,884,843
97$3,501,886$0$0$1,950,669
98$3,624,372$0$0$2,019,227
99$3,751,959$0$0$2,090,670
100$3,884,933$0$0$2,165,163