Can I retire at age 45 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$49,878$49,433$49,000$48,577$48,164$47,019
2 years$24,692$24,232$23,786$23,354$22,935$21,788
3 years$16,298$15,836$15,391$14,963$14,551$13,438
4 years$12,102$11,641$11,201$10,780$10,378$9,307
5 years$9,584$9,127$8,692$8,280$7,889$6,864
6 years$7,907$7,453$7,025$6,622$6,242$5,264
7 years$6,709$6,259$5,838$5,444$5,077$4,145
8 years$5,811$5,365$4,951$4,567$4,212$3,326
9 years$5,113$4,671$4,264$3,890$3,547$2,707
10 years$4,555$4,117$3,718$3,353$3,022$2,227
11 years$4,099$3,665$3,273$2,918$2,599$1,848
12 years$3,719$3,290$2,905$2,560$2,252$1,543
13 years$3,398$2,973$2,595$2,260$1,964$1,296
14 years$3,122$2,702$2,332$2,006$1,722$1,093
15 years$2,884$2,469$2,105$1,789$1,516$925
16 years$2,676$2,265$1,909$1,602$1,340$786
17 years$2,492$2,086$1,737$1,439$1,188$669
18 years$2,329$1,928$1,585$1,297$1,056$571
19 years$2,184$1,786$1,451$1,172$941$488
20 years$2,053$1,660$1,332$1,062$841$417
21 years$1,934$1,546$1,225$963$753$358
22 years$1,827$1,443$1,129$876$675$307
23 years$1,729$1,350$1,043$798$606$263
24 years$1,640$1,265$964$728$544$226
25 years$1,557$1,187$893$664$490$195
26 years$1,481$1,116$828$608$441$168
27 years$1,411$1,050$769$556$398$144
28 years$1,346$989$715$510$359$124
29 years$1,286$933$665$467$324$107
30 years$1,229$881$620$429$293$92
31 years$1,177$833$578$394$265$80
32 years$1,128$788$539$362$239$69
33 years$1,082$747$503$333$217$59
34 years$1,038$708$470$306$196$51
35 years$998$671$440$282$178$44
36 years$959$637$411$260$161$38
37 years$923$605$385$239$146$33
38 years$889$575$361$220$132$28
39 years$856$547$338$203$120$24
40 years$826$520$317$188$109$21
41 years$797$495$297$173$99$18
42 years$769$472$278$160$90$16
43 years$743$449$261$147$81$14
44 years$718$428$245$136$74$12
45 years$694$408$230$126$67$10
46 years$671$390$216$116$61$9
47 years$649$372$203$107$55$8
48 years$629$355$191$99$50$7
49 years$609$339$180$92$46$6
50 years$590$324$169$85$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $604,000, adding $6,090 every year, while hoping to spend $36,133 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: 39/46/15 Blend
44$604,000$604,000$604,000$604,000
45$671,890$639,878$630,516$694,854
46$701,977$632,787$613,193$704,690
47$733,923$624,137$594,079$711,364
48$767,877$613,814$573,075$717,804
49$804,007$601,697$550,079$724,007
50$842,493$587,657$524,983$729,971
51$883,533$571,558$497,676$735,700
52$927,345$553,257$468,040$741,199
53$974,167$532,599$435,953$746,479
54$1,024,261$509,425$401,286$751,552
55$1,077,912$483,563$363,905$756,441
56$1,135,434$454,833$323,671$761,170
57$1,197,173$423,044$280,438$765,773
58$1,263,505$387,994$234,054$770,292
59$1,334,846$349,469$184,358$774,778
60$1,411,652$307,245$131,185$779,291
61$1,494,422$261,081$74,362$783,905
62$1,583,706$210,728$13,706$788,707
63$1,680,109$155,918$0$793,798
64$1,784,292$96,370$0$807,464
65$1,896,986$31,788$0$824,549
66$2,018,992$0$0$843,050
67$2,151,190$0$0$882,491
68$2,294,550$0$0$942,780
69$2,450,136$0$0$1,008,281
70$2,619,121$0$0$1,079,498
71$2,802,793$0$0$1,156,983
72$3,002,570$0$0$1,241,344
73$3,220,012$0$0$1,333,250
74$3,456,835$0$0$1,433,436
75$3,714,928$0$0$1,542,714
76$3,996,370$0$0$1,661,974
77$4,303,448$0$0$1,792,200
78$4,638,681$0$0$1,934,470
79$5,004,841$0$0$2,089,975
80$5,404,978$0$0$2,260,024
81$5,842,454$0$0$2,446,060
82$6,320,966$0$0$2,649,671
83$6,844,588$0$0$2,872,604
84$7,417,804$0$0$3,116,785
85$8,045,553$0$0$3,384,335
86$8,733,273$0$0$3,677,589
87$9,486,953$0$0$3,999,118
88$10,313,189$0$0$4,351,755
89$11,219,246$0$0$4,738,619
90$12,213,126$0$0$5,163,149
91$13,303,641$0$0$5,629,127
92$14,500,499$0$0$6,140,725
93$15,814,394$0$0$6,702,534
94$17,257,103$0$0$7,319,615
95$18,841,602$0$0$7,997,541
96$20,582,184$0$0$8,742,452
97$22,494,596$0$0$9,561,113
98$24,596,185$0$0$10,460,976
99$26,906,060$0$0$11,450,250
100$29,445,277$0$0$12,537,981