Can I retire at age 45 with 605,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$49,960$49,515$49,081$48,657$48,244$47,483
2 years$24,733$24,272$23,826$23,393$22,973$22,209
3 years$16,325$15,862$15,417$14,988$14,575$13,831
4 years$12,122$11,660$11,220$10,798$10,395$9,677
5 years$9,600$9,142$8,707$8,294$7,902$7,212
6 years$7,920$7,465$7,036$6,633$6,253$5,591
7 years$6,720$6,269$5,847$5,453$5,085$4,452
8 years$5,821$5,374$4,959$4,575$4,219$3,615
9 years$5,122$4,679$4,271$3,896$3,553$2,977
10 years$4,563$4,124$3,724$3,359$3,027$2,480
11 years$4,106$3,672$3,278$2,923$2,603$2,083
12 years$3,725$3,295$2,909$2,564$2,256$1,763
13 years$3,403$2,978$2,599$2,264$1,967$1,500
14 years$3,128$2,707$2,336$2,009$1,725$1,283
15 years$2,889$2,473$2,109$1,792$1,518$1,101
16 years$2,680$2,269$1,912$1,605$1,342$948
17 years$2,497$2,089$1,740$1,442$1,190$819
18 years$2,333$1,931$1,588$1,299$1,058$709
19 years$2,187$1,789$1,454$1,174$943$615
20 years$2,056$1,663$1,334$1,063$842$534
21 years$1,938$1,549$1,227$965$754$465
22 years$1,830$1,446$1,131$877$676$405
23 years$1,732$1,352$1,044$799$607$353
24 years$1,642$1,267$966$729$545$308
25 years$1,560$1,189$895$666$491$269
26 years$1,484$1,117$830$609$442$236
27 years$1,414$1,052$770$557$398$206
28 years$1,348$991$716$510$359$180
29 years$1,288$935$667$468$325$158
30 years$1,232$883$621$430$293$138
31 years$1,179$835$579$394$265$121
32 years$1,130$790$540$363$240$106
33 years$1,083$748$504$333$217$93
34 years$1,040$709$471$307$197$82
35 years$999$672$440$282$178$72
36 years$961$638$412$260$161$63
37 years$925$606$386$240$146$55
38 years$890$576$361$221$133$49
39 years$858$548$338$204$120$43
40 years$827$521$317$188$109$37
41 years$798$496$297$173$99$33
42 years$770$472$279$160$90$29
43 years$744$450$262$148$81$25
44 years$719$429$246$136$74$22
45 years$695$409$231$126$67$20
46 years$672$390$217$116$61$17
47 years$650$372$204$107$55$15
48 years$630$356$191$99$50$13
49 years$610$340$180$92$46$12
50 years$591$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 $605,000, adding $6,317 every year, while hoping to spend $30,856 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: 54/29/17 Blend
44$605,000$605,000$605,000$605,000
45$673,226$641,161$631,783$706,184
46$709,064$639,747$620,118$727,981
47$747,524$637,230$607,027$747,880
48$788,840$633,523$592,431$768,854
49$833,270$628,534$576,246$791,014
50$881,097$622,165$558,383$814,484
51$932,631$614,314$538,751$839,401
52$988,215$604,870$517,254$865,919
53$1,048,222$593,718$493,791$894,206
54$1,113,065$580,734$468,258$924,453
55$1,183,196$565,789$440,543$956,871
56$1,259,114$548,744$410,533$991,693
57$1,341,365$529,454$378,107$1,029,179
58$1,430,551$507,765$343,141$1,069,619
59$1,527,334$483,512$305,503$1,113,334
60$1,632,441$456,522$265,056$1,160,681
61$1,746,672$426,614$221,657$1,212,054
62$1,870,908$393,594$175,158$1,267,893
63$2,006,117$357,257$125,403$1,328,685
64$2,153,366$317,387$72,229$1,394,970
65$2,313,827$273,757$15,466$1,467,347
66$2,488,790$226,124$0$1,546,479
67$2,679,677$174,234$0$1,641,285
68$2,888,051$117,819$0$1,747,922
69$3,115,633$56,592$0$1,864,519
70$3,364,318$0$0$1,992,114
71$3,636,191$0$0$2,134,959
72$3,933,551$0$0$2,311,003
73$4,258,924$0$0$2,503,688
74$4,615,097$0$0$2,714,672
75$5,005,134$0$0$2,945,777
76$5,432,414$0$0$3,199,013
77$5,900,653$0$0$3,476,592
78$6,413,948$0$0$3,780,948
79$6,976,810$0$0$4,114,766
80$7,594,205$0$0$4,481,000
81$8,271,606$0$0$4,882,906
82$9,015,040$0$0$5,324,069
83$9,831,146$0$0$5,808,438
84$10,727,236$0$0$6,340,364
85$11,711,367$0$0$6,924,640
86$12,792,413$0$0$7,566,546
87$13,980,150$0$0$8,271,896
88$15,285,348$0$0$9,047,100
89$16,719,872$0$0$9,899,216
90$18,296,793$0$0$10,836,021
91$20,030,511$0$0$11,866,083
92$21,936,894$0$0$12,998,842
93$24,033,420$0$0$14,244,699
94$26,339,350$0$0$15,615,113
95$28,875,902$0$0$17,122,708
96$31,666,455$0$0$18,781,397
97$34,736,768$0$0$20,606,505
98$38,115,225$0$0$22,614,920
99$41,833,095$0$0$24,825,250
100$45,924,838$0$0$27,257,997