Can I retire at age 45 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$49,795$49,352$48,919$48,497$48,084$46,545
2 years$24,651$24,192$23,747$23,316$22,897$21,361
3 years$16,271$15,810$15,366$14,939$14,527$13,041
4 years$12,081$11,622$11,182$10,762$10,361$8,937
5 years$9,569$9,112$8,678$8,267$7,876$6,519
6 years$7,894$7,440$7,013$6,611$6,232$4,942
7 years$6,698$6,248$5,828$5,435$5,068$3,845
8 years$5,802$5,356$4,943$4,559$4,205$3,048
9 years$5,105$4,663$4,257$3,884$3,541$2,449
10 years$4,548$4,111$3,711$3,348$3,017$1,989
11 years$4,092$3,659$3,267$2,913$2,595$1,628
12 years$3,713$3,284$2,900$2,556$2,249$1,341
13 years$3,392$2,968$2,591$2,256$1,961$1,110
14 years$3,117$2,698$2,328$2,003$1,719$923
15 years$2,879$2,465$2,102$1,786$1,513$770
16 years$2,672$2,261$1,905$1,599$1,338$644
17 years$2,488$2,083$1,734$1,437$1,186$540
18 years$2,326$1,924$1,583$1,295$1,054$453
19 years$2,180$1,783$1,449$1,170$940$381
20 years$2,049$1,657$1,330$1,060$840$321
21 years$1,931$1,544$1,223$962$751$271
22 years$1,824$1,441$1,127$874$673$229
23 years$1,726$1,348$1,041$796$605$193
24 years$1,637$1,263$963$726$543$163
25 years$1,555$1,185$892$663$489$138
26 years$1,479$1,114$827$607$440$117
27 years$1,409$1,048$768$555$397$99
28 years$1,344$988$714$509$358$84
29 years$1,284$932$664$466$324$71
30 years$1,227$880$619$428$292$60
31 years$1,175$832$577$393$264$51
32 years$1,126$787$538$361$239$43
33 years$1,080$745$503$332$216$37
34 years$1,037$706$470$306$196$31
35 years$996$670$439$281$177$26
36 years$958$636$411$259$161$22
37 years$922$604$384$239$146$19
38 years$887$574$360$220$132$16
39 years$855$546$337$203$120$14
40 years$824$519$316$187$109$12
41 years$795$494$296$173$99$10
42 years$768$471$278$159$89$8
43 years$741$449$261$147$81$7
44 years$716$428$245$136$74$6
45 years$693$408$230$125$67$5
46 years$670$389$216$116$61$4
47 years$648$371$203$107$55$4
48 years$628$354$191$99$50$3
49 years$608$338$179$91$45$3
50 years$589$323$168$85$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $603,000, adding $2,606 every year, while hoping to spend $22,315 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: 47/28/25 Blend
44$603,000$603,000$603,000$603,000
45$667,194$635,235$625,889$693,673
46$711,505$642,619$623,113$719,926
47$759,588$649,616$619,496$746,004
48$811,803$656,185$614,987$773,866
49$868,549$662,280$609,531$803,694
50$930,262$667,853$603,071$835,683
51$997,423$672,852$595,549$870,052
52$1,070,561$677,222$586,900$907,044
53$1,150,259$680,906$577,062$946,925
54$1,237,156$683,842$565,964$989,993
55$1,331,958$685,962$553,536$1,036,573
56$1,435,441$687,198$539,704$1,087,030
57$1,548,460$687,475$524,387$1,141,762
58$1,671,955$686,713$507,506$1,201,213
59$1,806,961$684,829$488,974$1,265,873
60$1,954,619$681,733$468,702$1,336,282
61$2,116,183$677,330$446,597$1,413,038
62$2,293,035$671,521$422,560$1,496,804
63$2,486,698$664,199$396,489$1,588,309
64$2,698,848$655,252$368,278$1,688,361
65$2,931,330$644,558$337,814$1,797,853
66$3,186,176$631,993$304,982$1,917,769
67$3,465,627$617,421$269,660$2,049,198
68$3,772,146$600,700$231,719$2,193,343
69$4,108,452$581,681$191,028$2,351,533
70$4,477,534$560,203$147,447$2,525,234
71$4,882,688$536,099$100,832$2,716,065
72$5,327,543$509,189$51,032$2,925,816
73$5,816,099$479,286$0$3,156,462
74$6,352,760$446,189$0$3,410,747
75$6,942,378$409,689$0$3,705,077
76$7,590,298$369,561$0$4,028,528
77$8,302,410$325,571$0$4,384,081
78$9,085,201$277,470$0$4,775,023
79$9,945,819$224,993$0$5,204,978
80$10,892,139$167,864$0$5,677,943
81$11,932,837$105,789$0$6,198,325
82$13,077,471$38,458$0$6,770,984
83$14,336,574$0$0$7,401,277
84$15,721,749$0$0$8,105,729
85$17,245,782$0$0$8,893,915
86$18,922,759$0$0$9,761,280
87$20,768,201$0$0$10,715,862
88$22,799,212$0$0$11,766,518
89$25,034,634$0$0$12,923,006
90$27,495,231$0$0$14,196,080
91$30,203,882$0$0$15,597,587
92$33,185,795$0$0$17,140,583
93$36,468,749$0$0$18,839,455
94$40,083,351$0$0$20,710,053
95$44,063,328$0$0$22,769,845
96$48,445,845$0$0$25,038,078
97$53,271,852$0$0$27,535,960
98$58,586,474$0$0$30,286,862
99$64,439,436$0$0$33,316,536
100$70,885,530$0$0$36,653,361