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%16.4%
1 years$49,878$49,433$49,000$48,577$48,164$46,904
2 years$24,692$24,232$23,786$23,354$22,935$21,675
3 years$16,298$15,836$15,391$14,963$14,551$13,329
4 years$12,102$11,641$11,201$10,780$10,378$9,204
5 years$9,584$9,127$8,692$8,280$7,889$6,767
6 years$7,907$7,453$7,025$6,622$6,242$5,172
7 years$6,709$6,259$5,838$5,444$5,077$4,059
8 years$5,811$5,365$4,951$4,567$4,212$3,246
9 years$5,113$4,671$4,264$3,890$3,547$2,632
10 years$4,555$4,117$3,718$3,353$3,022$2,157
11 years$4,099$3,665$3,273$2,918$2,599$1,783
12 years$3,719$3,290$2,905$2,560$2,252$1,483
13 years$3,398$2,973$2,595$2,260$1,964$1,241
14 years$3,122$2,702$2,332$2,006$1,722$1,042
15 years$2,884$2,469$2,105$1,789$1,516$878
16 years$2,676$2,265$1,909$1,602$1,340$743
17 years$2,492$2,086$1,737$1,439$1,188$630
18 years$2,329$1,928$1,585$1,297$1,056$535
19 years$2,184$1,786$1,451$1,172$941$455
20 years$2,053$1,660$1,332$1,062$841$388
21 years$1,934$1,546$1,225$963$753$331
22 years$1,827$1,443$1,129$876$675$282
23 years$1,729$1,350$1,043$798$606$241
24 years$1,640$1,265$964$728$544$206
25 years$1,557$1,187$893$664$490$177
26 years$1,481$1,116$828$608$441$151
27 years$1,411$1,050$769$556$398$130
28 years$1,346$989$715$510$359$111
29 years$1,286$933$665$467$324$95
30 years$1,229$881$620$429$293$82
31 years$1,177$833$578$394$265$70
32 years$1,128$788$539$362$239$60
33 years$1,082$747$503$333$217$52
34 years$1,038$708$470$306$196$44
35 years$998$671$440$282$178$38
36 years$959$637$411$260$161$33
37 years$923$605$385$239$146$28
38 years$889$575$361$220$132$24
39 years$856$547$338$203$120$21
40 years$826$520$317$188$109$18
41 years$797$495$297$173$99$15
42 years$769$472$278$160$90$13
43 years$743$449$261$147$81$11
44 years$718$428$245$136$74$10
45 years$694$408$230$126$67$8
46 years$671$390$216$116$61$7
47 years$649$372$203$107$55$6
48 years$629$355$191$99$50$5
49 years$609$339$180$92$46$5
50 years$590$324$169$85$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $604,000, adding $5,939 every year, while hoping to spend $24,347 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: 34/44/22 Blend
44$604,000$604,000$604,000$604,000
45$671,734$639,722$630,360$689,891
46$714,346$645,163$625,572$709,317
47$760,488$650,055$619,808$727,605
48$810,495$654,345$613,009$746,829
49$864,735$657,977$605,113$767,088
50$923,611$660,892$596,058$788,491
51$987,569$663,025$585,776$811,160
52$1,057,098$664,310$574,196$835,232
53$1,132,736$664,675$561,246$860,859
54$1,215,075$664,044$546,847$888,209
55$1,304,767$662,337$530,921$917,472
56$1,402,529$659,467$513,382$948,858
57$1,509,149$655,343$494,143$982,599
58$1,625,498$649,870$473,112$1,018,958
59$1,752,529$642,945$450,192$1,058,222
60$1,891,297$634,459$425,284$1,100,713
61$2,042,960$624,298$398,281$1,146,788
62$2,208,792$612,339$369,074$1,196,844
63$2,390,200$598,454$337,548$1,251,323
64$2,588,728$582,506$303,584$1,310,712
65$2,806,080$564,351$267,056$1,375,555
66$3,044,131$543,835$227,833$1,446,454
67$3,304,946$520,796$185,779$1,524,077
68$3,590,799$495,064$140,752$1,609,165
69$3,904,194$466,456$92,601$1,702,538
70$4,247,891$434,781$41,172$1,805,107
71$4,624,927$399,836$0$1,917,880
72$5,038,649$361,408$0$2,045,191
73$5,492,742$319,268$0$2,195,581
74$5,991,268$273,178$0$2,360,787
75$6,538,699$222,886$0$2,542,367
76$7,139,963$168,123$0$2,742,044
77$7,800,485$108,608$0$2,961,720
78$8,526,248$44,042$0$3,203,498
79$9,323,836$0$0$3,469,700
80$10,200,507$0$0$3,775,427
81$11,164,257$0$0$4,135,060
82$12,223,893$0$0$4,530,574
83$13,389,120$0$0$4,965,603
84$14,670,629$0$0$5,444,151
85$16,080,200$0$0$5,970,631
86$17,630,813$0$0$6,549,904
87$19,336,766$0$0$7,187,326
88$21,213,816$0$0$7,888,800
89$23,279,324$0$0$8,660,827
90$25,552,417$0$0$9,510,573
91$28,054,171$0$0$10,445,933
92$30,807,810$0$0$11,475,606
93$33,838,921$0$0$12,609,178
94$37,175,700$0$0$13,857,210
95$40,849,215$0$0$15,231,342
96$44,893,698$0$0$16,744,396
97$49,346,872$0$0$18,410,506
98$54,250,300$0$0$20,245,241
99$59,649,785$0$0$22,265,760
100$65,595,795$0$0$24,490,970