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%19.3%
1 years$49,795$49,352$48,919$48,497$48,084$46,286
2 years$24,651$24,192$23,747$23,316$22,897$21,106
3 years$16,271$15,810$15,366$14,939$14,527$12,799
4 years$12,081$11,622$11,182$10,762$10,361$8,710
5 years$9,569$9,112$8,678$8,267$7,876$6,306
6 years$7,894$7,440$7,013$6,611$6,232$4,744
7 years$6,698$6,248$5,828$5,435$5,068$3,662
8 years$5,802$5,356$4,943$4,559$4,205$2,879
9 years$5,105$4,663$4,257$3,884$3,541$2,293
10 years$4,548$4,111$3,711$3,348$3,017$1,846
11 years$4,092$3,659$3,267$2,913$2,595$1,497
12 years$3,713$3,284$2,900$2,556$2,249$1,222
13 years$3,392$2,968$2,591$2,256$1,961$1,002
14 years$3,117$2,698$2,328$2,003$1,719$825
15 years$2,879$2,465$2,102$1,786$1,513$681
16 years$2,672$2,261$1,905$1,599$1,338$564
17 years$2,488$2,083$1,734$1,437$1,186$468
18 years$2,326$1,924$1,583$1,295$1,054$389
19 years$2,180$1,783$1,449$1,170$940$324
20 years$2,049$1,657$1,330$1,060$840$270
21 years$1,931$1,544$1,223$962$751$225
22 years$1,824$1,441$1,127$874$673$188
23 years$1,726$1,348$1,041$796$605$157
24 years$1,637$1,263$963$726$543$131
25 years$1,555$1,185$892$663$489$110
26 years$1,479$1,114$827$607$440$92
27 years$1,409$1,048$768$555$397$77
28 years$1,344$988$714$509$358$64
29 years$1,284$932$664$466$324$54
30 years$1,227$880$619$428$292$45
31 years$1,175$832$577$393$264$38
32 years$1,126$787$538$361$239$32
33 years$1,080$745$503$332$216$26
34 years$1,037$706$470$306$196$22
35 years$996$670$439$281$177$19
36 years$958$636$411$259$161$16
37 years$922$604$384$239$146$13
38 years$887$574$360$220$132$11
39 years$855$546$337$203$120$9
40 years$824$519$316$187$109$8
41 years$795$494$296$173$99$6
42 years$768$471$278$159$89$5
43 years$741$449$261$147$81$5
44 years$716$428$245$136$74$4
45 years$693$408$230$125$67$3
46 years$670$389$216$116$61$3
47 years$648$371$203$107$55$2
48 years$628$354$191$99$50$2
49 years$608$338$179$91$45$2
50 years$589$323$168$85$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $603,000, adding $5,448 every year, while hoping to spend $26,398 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: 41/40/19 Blend
44$603,000$603,000$603,000$603,000
45$670,126$638,167$628,820$693,648
46$710,391$641,350$621,798$714,083
47$753,879$643,804$613,657$733,222
48$800,890$645,465$604,329$753,390
49$851,755$646,267$593,748$774,695
50$906,837$646,137$581,842$797,255
51$966,536$644,999$568,535$821,205
52$1,031,290$642,773$553,749$846,695
53$1,101,585$639,371$537,402$873,890
54$1,177,949$634,703$519,409$902,976
55$1,260,970$628,673$499,678$934,159
56$1,351,288$621,178$478,117$967,667
57$1,449,613$612,109$454,627$1,003,756
58$1,556,722$601,351$429,106$1,042,709
59$1,673,473$588,782$401,446$1,084,841
60$1,800,808$574,274$371,536$1,130,502
61$1,939,766$557,688$339,257$1,180,081
62$2,091,489$538,881$304,489$1,234,009
63$2,257,234$517,700$267,103$1,292,765
64$2,438,386$493,981$226,965$1,356,881
65$2,636,469$467,555$183,936$1,426,946
66$2,853,162$438,238$137,871$1,503,613
67$3,090,312$405,839$88,618$1,587,608
68$3,349,955$370,157$36,017$1,679,734
69$3,634,331$330,975$0$1,780,880
70$3,945,908$288,068$0$1,896,111
71$4,287,403$241,195$0$2,030,498
72$4,661,810$190,106$0$2,177,978
73$5,072,425$134,531$0$2,339,928
74$5,522,878$74,188$0$2,517,870
75$6,017,169$8,781$0$2,713,484
76$6,559,702$0$0$2,928,630
77$7,155,331$0$0$3,192,652
78$7,809,400$0$0$3,486,905
79$8,527,797$0$0$3,810,183
80$9,317,009$0$0$4,165,414
81$10,184,180$0$0$4,555,828
82$11,137,183$0$0$4,984,978
83$12,184,691$0$0$5,456,781
84$13,336,256$0$0$5,975,554
85$14,602,407$0$0$6,546,050
86$15,994,739$0$0$7,173,507
87$17,526,030$0$0$7,863,698
88$19,210,357$0$0$8,622,981
89$21,063,231$0$0$9,458,363
90$23,101,741$0$0$10,377,562
91$25,344,715$0$0$11,389,084
92$27,812,901$0$0$12,502,301
93$30,529,157$0$0$13,727,540
94$33,518,670$0$0$15,076,179
95$36,809,193$0$0$16,560,754
96$40,431,305$0$0$18,195,079
97$44,418,702$0$0$19,994,378
98$48,808,510$0$0$21,975,423
99$53,641,640$0$0$24,156,694
100$58,963,171$0$0$26,558,559