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%13.9%
1 years$49,878$49,433$49,000$48,577$48,164$47,385
2 years$24,692$24,232$23,786$23,354$22,935$22,153
3 years$16,298$15,836$15,391$14,963$14,551$13,790
4 years$12,102$11,641$11,201$10,780$10,378$9,643
5 years$9,584$9,127$8,692$8,280$7,889$7,183
6 years$7,907$7,453$7,025$6,622$6,242$5,566
7 years$6,709$6,259$5,838$5,444$5,077$4,430
8 years$5,811$5,365$4,951$4,567$4,212$3,594
9 years$5,113$4,671$4,264$3,890$3,547$2,958
10 years$4,555$4,117$3,718$3,353$3,022$2,462
11 years$4,099$3,665$3,273$2,918$2,599$2,068
12 years$3,719$3,290$2,905$2,560$2,252$1,748
13 years$3,398$2,973$2,595$2,260$1,964$1,487
14 years$3,122$2,702$2,332$2,006$1,722$1,270
15 years$2,884$2,469$2,105$1,789$1,516$1,090
16 years$2,676$2,265$1,909$1,602$1,340$938
17 years$2,492$2,086$1,737$1,439$1,188$809
18 years$2,329$1,928$1,585$1,297$1,056$700
19 years$2,184$1,786$1,451$1,172$941$607
20 years$2,053$1,660$1,332$1,062$841$527
21 years$1,934$1,546$1,225$963$753$458
22 years$1,827$1,443$1,129$876$675$399
23 years$1,729$1,350$1,043$798$606$347
24 years$1,640$1,265$964$728$544$303
25 years$1,557$1,187$893$664$490$265
26 years$1,481$1,116$828$608$441$231
27 years$1,411$1,050$769$556$398$202
28 years$1,346$989$715$510$359$177
29 years$1,286$933$665$467$324$155
30 years$1,229$881$620$429$293$135
31 years$1,177$833$578$394$265$119
32 years$1,128$788$539$362$239$104
33 years$1,082$747$503$333$217$91
34 years$1,038$708$470$306$196$80
35 years$998$671$440$282$178$70
36 years$959$637$411$260$161$61
37 years$923$605$385$239$146$54
38 years$889$575$361$220$132$47
39 years$856$547$338$203$120$41
40 years$826$520$317$188$109$36
41 years$797$495$297$173$99$32
42 years$769$472$278$160$90$28
43 years$743$449$261$147$81$25
44 years$718$428$245$136$74$22
45 years$694$408$230$126$67$19
46 years$671$390$216$116$61$17
47 years$649$372$203$107$55$15
48 years$629$355$191$99$50$13
49 years$609$339$180$92$46$11
50 years$590$324$169$85$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $604,000, adding $3,945 every year, while hoping to spend $39,309 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: 53/26/21 Blend
44$604,000$604,000$604,000$604,000
45$669,677$637,665$628,303$701,112
46$696,160$627,086$607,527$712,573
47$724,026$614,672$584,737$720,614
48$753,376$600,290$559,825$728,527
49$784,318$583,801$532,676$736,313
50$816,969$565,059$503,172$743,975
51$851,460$543,907$471,189$751,519
52$887,931$520,179$436,595$758,955
53$926,534$493,703$399,255$766,293
54$967,438$464,292$359,028$773,552
55$1,010,826$431,751$315,764$780,753
56$1,056,898$395,874$269,310$787,923
57$1,105,872$356,443$219,503$795,095
58$1,157,989$313,227$166,174$802,310
59$1,213,510$265,981$109,147$809,617
60$1,272,723$214,449$48,238$817,072
61$1,335,941$158,358$0$824,743
62$1,403,510$97,420$0$836,467
63$1,475,807$31,333$0$860,358
64$1,553,246$0$0$885,751
65$1,636,282$0$0$924,327
66$1,725,412$0$0$975,396
67$1,821,184$0$0$1,030,314
68$1,924,197$0$0$1,089,429
69$2,035,111$0$0$1,153,125
70$2,154,650$0$0$1,221,825
71$2,283,609$0$0$1,295,991
72$2,422,861$0$0$1,376,132
73$2,573,365$0$0$1,462,808
74$2,736,177$0$0$1,556,635
75$2,912,457$0$0$1,658,286
76$3,103,478$0$0$1,768,507
77$3,310,643$0$0$1,888,115
78$3,535,493$0$0$2,018,007
79$3,779,724$0$0$2,159,174
80$4,045,199$0$0$2,312,703
81$4,333,972$0$0$2,479,790
82$4,648,298$0$0$2,661,753
83$4,990,662$0$0$2,860,041
84$5,363,796$0$0$3,076,247
85$5,770,709$0$0$3,312,128
86$6,214,711$0$0$3,569,615
87$6,699,446$0$0$3,850,834
88$7,228,925$0$0$4,158,128
89$7,807,564$0$0$4,494,072
90$8,440,225$0$0$4,861,504
91$9,132,261$0$0$5,263,549
92$9,889,565$0$0$5,703,648
93$10,718,627$0$0$6,185,588
94$11,626,593$0$0$6,713,540
95$12,621,334$0$0$7,292,101
96$13,711,517$0$0$7,926,328
97$14,906,687$0$0$8,621,795
98$16,217,357$0$0$9,384,640
99$17,655,106$0$0$10,221,623
100$19,232,688$0$0$11,140,190