Can I retire at age 45 with 602,000?

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 $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$49,713$49,270$48,838$48,416$48,004$47,016
2 years$24,610$24,152$23,708$23,277$22,859$21,868
3 years$16,244$15,784$15,340$14,914$14,503$13,539
4 years$12,061$11,603$11,164$10,745$10,344$9,416
5 years$9,553$9,097$8,664$8,253$7,863$6,973
6 years$7,881$7,428$7,002$6,600$6,222$5,371
7 years$6,687$6,238$5,818$5,426$5,060$4,248
8 years$5,792$5,347$4,934$4,552$4,198$3,425
9 years$5,096$4,656$4,250$3,877$3,535$2,801
10 years$4,540$4,104$3,705$3,342$3,012$2,316
11 years$4,085$3,653$3,262$2,909$2,590$1,931
12 years$3,707$3,279$2,895$2,551$2,245$1,621
13 years$3,386$2,963$2,586$2,252$1,958$1,369
14 years$3,112$2,694$2,324$1,999$1,716$1,161
15 years$2,875$2,461$2,098$1,783$1,511$988
16 years$2,667$2,258$1,902$1,597$1,335$844
17 years$2,484$2,079$1,731$1,435$1,184$722
18 years$2,322$1,921$1,580$1,293$1,053$620
19 years$2,177$1,781$1,447$1,168$938$533
20 years$2,046$1,655$1,328$1,058$838$459
21 years$1,928$1,541$1,221$960$750$396
22 years$1,821$1,439$1,125$873$672$342
23 years$1,723$1,346$1,039$795$604$295
24 years$1,634$1,261$961$725$542$255
25 years$1,552$1,183$890$662$488$221
26 years$1,476$1,112$826$606$440$191
27 years$1,407$1,046$767$554$396$166
28 years$1,342$986$713$508$358$144
29 years$1,282$930$663$466$323$125
30 years$1,225$878$618$427$292$108
31 years$1,173$830$576$393$264$94
32 years$1,124$786$537$361$239$81
33 years$1,078$744$502$332$216$71
34 years$1,035$705$469$305$196$61
35 years$994$669$438$281$177$53
36 years$956$635$410$259$160$46
37 years$920$603$384$238$145$40
38 years$886$573$359$220$132$35
39 years$854$545$337$203$120$30
40 years$823$518$316$187$108$26
41 years$794$494$296$172$98$23
42 years$766$470$278$159$89$20
43 years$740$448$260$147$81$17
44 years$715$427$244$136$74$15
45 years$691$407$230$125$67$13
46 years$669$388$216$116$61$11
47 years$647$371$203$107$55$10
48 years$626$354$190$99$50$9
49 years$607$338$179$91$45$7
50 years$588$323$168$84$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $602,000, adding $4,202 every year, while hoping to spend $46,803 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: 45/36/19 Blend
44$602,000$602,000$602,000$602,000
45$667,738$635,832$626,501$693,967
46$686,050$617,190$597,691$694,134
47$704,660$596,066$566,347$689,341
48$723,551$572,288$532,335$683,164
49$742,699$545,677$495,515$675,496
50$762,079$516,039$455,739$666,224
51$781,660$483,174$412,855$655,226
52$801,406$446,867$366,703$642,373
53$821,277$406,891$317,115$627,525
54$841,226$363,007$263,917$610,536
55$861,200$314,963$206,926$591,247
56$881,137$262,491$145,953$569,490
57$900,968$205,308$80,798$545,085
58$920,616$143,118$11,254$517,841
59$939,992$75,604$0$487,552
60$958,997$2,434$0$466,764
61$977,519$0$0$445,743
62$995,432$0$0$452,403
63$1,012,596$0$0$459,615
64$1,028,853$0$0$466,337
65$1,044,027$0$0$472,480
66$1,057,920$0$0$477,945
67$1,070,315$0$0$482,620
68$1,080,964$0$0$486,385
69$1,089,597$0$0$489,101
70$1,095,908$0$0$490,618
71$1,099,562$0$0$490,765
72$1,100,182$0$0$489,355
73$1,097,352$0$0$486,181
74$1,090,609$0$0$481,010
75$1,079,440$0$0$473,587
76$1,063,276$0$0$463,628
77$1,041,486$0$0$450,817
78$1,013,371$0$0$434,806
79$978,156$0$0$415,210
80$934,984$0$0$391,600
81$882,905$0$0$363,505
82$820,870$0$0$330,400
83$747,717$0$0$291,709
84$662,160$0$0$246,790
85$562,779$0$0$194,937
86$448,003$0$0$135,369
87$316,096$0$0$67,222
88$165,140$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0