Can I retire at age 45 with 605,000?

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 $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%
1 years$49,960$49,515$49,081$48,657$48,244$47,641
2 years$24,733$24,272$23,826$23,393$22,973$22,367
3 years$16,325$15,862$15,417$14,988$14,575$13,984
4 years$12,122$11,660$11,220$10,798$10,395$9,823
5 years$9,600$9,142$8,707$8,294$7,902$7,352
6 years$7,920$7,465$7,036$6,633$6,253$5,724
7 years$6,720$6,269$5,847$5,453$5,085$4,579
8 years$5,821$5,374$4,959$4,575$4,219$3,734
9 years$5,122$4,679$4,271$3,896$3,553$3,090
10 years$4,563$4,124$3,724$3,359$3,027$2,586
11 years$4,106$3,672$3,278$2,923$2,603$2,184
12 years$3,725$3,295$2,909$2,564$2,256$1,857
13 years$3,403$2,978$2,599$2,264$1,967$1,589
14 years$3,128$2,707$2,336$2,009$1,725$1,366
15 years$2,889$2,473$2,109$1,792$1,518$1,179
16 years$2,680$2,269$1,912$1,605$1,342$1,021
17 years$2,497$2,089$1,740$1,442$1,190$887
18 years$2,333$1,931$1,588$1,299$1,058$772
19 years$2,187$1,789$1,454$1,174$943$673
20 years$2,056$1,663$1,334$1,063$842$589
21 years$1,938$1,549$1,227$965$754$515
22 years$1,830$1,446$1,131$877$676$452
23 years$1,732$1,352$1,044$799$607$396
24 years$1,642$1,267$966$729$545$348
25 years$1,560$1,189$895$666$491$306
26 years$1,484$1,117$830$609$442$269
27 years$1,414$1,052$770$557$398$237
28 years$1,348$991$716$510$359$209
29 years$1,288$935$667$468$325$184
30 years$1,232$883$621$430$293$162
31 years$1,179$835$579$394$265$143
32 years$1,130$790$540$363$240$127
33 years$1,083$748$504$333$217$112
34 years$1,040$709$471$307$197$99
35 years$999$672$440$282$178$87
36 years$961$638$412$260$161$77
37 years$925$606$386$240$146$68
38 years$890$576$361$221$133$60
39 years$858$548$338$204$120$53
40 years$827$521$317$188$109$47
41 years$798$496$297$173$99$42
42 years$770$472$279$160$90$37
43 years$744$450$262$148$81$32
44 years$719$429$246$136$74$29
45 years$695$409$231$126$67$25
46 years$672$390$217$116$61$22
47 years$650$372$204$107$55$20
48 years$630$356$191$99$50$18
49 years$610$340$180$92$46$16
50 years$591$324$169$85$41$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $605,000, adding $2,757 every year, while hoping to spend $34,924 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: 42/42/16 Blend
44$605,000$605,000$605,000$605,000
45$669,554$637,489$628,111$694,430
46$700,689$631,567$611,994$706,318
47$733,830$624,184$594,167$715,537
48$769,144$615,233$574,534$724,774
49$806,815$604,597$552,999$734,048
50$847,043$592,155$529,458$743,382
51$890,050$577,779$503,803$752,802
52$936,076$561,331$475,922$762,342
53$985,387$542,668$445,696$772,041
54$1,038,274$521,636$413,004$781,947
55$1,095,055$498,073$377,717$792,114
56$1,156,080$471,808$339,700$802,607
57$1,221,733$442,660$298,813$813,501
58$1,292,437$410,437$254,910$824,882
59$1,368,655$374,938$207,839$836,851
60$1,450,894$335,947$157,438$849,523
61$1,539,716$293,238$103,543$863,028
62$1,635,733$246,573$45,977$877,519
63$1,739,621$195,699$0$893,165
64$1,852,123$140,349$0$912,800
65$1,974,055$80,241$0$942,555
66$2,106,313$15,077$0$974,856
67$2,249,886$0$0$1,010,021
68$2,405,858$0$0$1,074,037
69$2,575,423$0$0$1,151,274
70$2,759,895$0$0$1,235,372
71$2,960,719$0$0$1,326,998
72$3,179,485$0$0$1,426,887
73$3,417,945$0$0$1,535,847
74$3,678,022$0$0$1,654,769
75$3,961,839$0$0$1,784,632
76$4,271,727$0$0$1,926,515
77$4,610,256$0$0$2,081,606
78$4,980,254$0$0$2,251,211
79$5,384,833$0$0$2,436,771
80$5,827,423$0$0$2,639,869
81$6,311,796$0$0$2,862,252
82$6,842,110$0$0$3,105,840
83$7,422,941$0$0$3,372,752
84$8,059,330$0$0$3,665,317
85$8,756,826$0$0$3,986,103
86$9,521,543$0$0$4,337,937
87$10,360,215$0$0$4,723,934
88$11,280,256$0$0$5,147,524
89$12,289,836$0$0$5,612,484
90$13,397,951$0$0$6,122,978
91$14,614,512$0$0$6,683,591
92$15,950,436$0$0$7,299,371
93$17,417,750$0$0$7,975,884
94$19,029,701$0$0$8,719,259
95$20,800,885$0$0$9,536,247
96$22,747,379$0$0$10,434,289
97$24,886,897$0$0$11,421,579
98$27,238,954$0$0$12,507,147
99$29,825,048$0$0$13,700,941
100$32,668,867$0$0$15,013,920