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%16.3%
1 years$49,960$49,515$49,081$48,657$48,244$47,001
2 years$24,733$24,272$23,826$23,393$22,973$21,730
3 years$16,325$15,862$15,417$14,988$14,575$13,369
4 years$12,122$11,660$11,220$10,798$10,395$9,237
5 years$9,600$9,142$8,707$8,294$7,902$6,794
6 years$7,920$7,465$7,036$6,633$6,253$5,196
7 years$6,720$6,269$5,847$5,453$5,085$4,080
8 years$5,821$5,374$4,959$4,575$4,219$3,264
9 years$5,122$4,679$4,271$3,896$3,553$2,649
10 years$4,563$4,124$3,724$3,359$3,027$2,172
11 years$4,106$3,672$3,278$2,923$2,603$1,796
12 years$3,725$3,295$2,909$2,564$2,256$1,495
13 years$3,403$2,978$2,599$2,264$1,967$1,252
14 years$3,128$2,707$2,336$2,009$1,725$1,052
15 years$2,889$2,473$2,109$1,792$1,518$888
16 years$2,680$2,269$1,912$1,605$1,342$751
17 years$2,497$2,089$1,740$1,442$1,190$637
18 years$2,333$1,931$1,588$1,299$1,058$541
19 years$2,187$1,789$1,454$1,174$943$461
20 years$2,056$1,663$1,334$1,063$842$393
21 years$1,938$1,549$1,227$965$754$336
22 years$1,830$1,446$1,131$877$676$287
23 years$1,732$1,352$1,044$799$607$245
24 years$1,642$1,267$966$729$545$210
25 years$1,560$1,189$895$666$491$180
26 years$1,484$1,117$830$609$442$154
27 years$1,414$1,052$770$557$398$132
28 years$1,348$991$716$510$359$113
29 years$1,288$935$667$468$325$97
30 years$1,232$883$621$430$293$83
31 years$1,179$835$579$394$265$72
32 years$1,130$790$540$363$240$62
33 years$1,083$748$504$333$217$53
34 years$1,040$709$471$307$197$45
35 years$999$672$440$282$178$39
36 years$961$638$412$260$161$34
37 years$925$606$386$240$146$29
38 years$890$576$361$221$133$25
39 years$858$548$338$204$120$21
40 years$827$521$317$188$109$18
41 years$798$496$297$173$99$16
42 years$770$472$279$160$90$14
43 years$744$450$262$148$81$12
44 years$719$429$246$136$74$10
45 years$695$409$231$126$67$9
46 years$672$390$217$116$61$7
47 years$650$372$204$107$55$6
48 years$630$356$191$99$50$5
49 years$610$340$180$92$46$5
50 years$591$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 $605,000, adding $3,417 every year, while hoping to spend $35,550 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: 69/17/14 Blend
44$605,000$605,000$605,000$605,000
45$670,235$638,170$628,792$714,124
46$700,774$631,615$612,032$737,200
47$733,236$623,548$593,518$757,866
48$767,781$613,856$573,156$779,561
49$804,581$602,422$550,843$802,381
50$843,828$589,120$526,476$826,435
51$885,729$573,817$499,943$851,840
52$930,512$556,373$471,130$878,728
53$978,428$536,639$439,917$907,247
54$1,029,751$514,458$406,177$937,558
55$1,084,782$489,663$369,781$969,842
56$1,143,851$462,077$330,590$1,004,298
57$1,207,320$431,516$288,461$1,041,149
58$1,275,588$397,781$243,245$1,080,640
59$1,349,090$360,664$194,786$1,123,043
60$1,428,305$319,945$142,920$1,168,660
61$1,513,762$275,392$87,477$1,217,825
62$1,606,038$226,759$28,280$1,270,910
63$1,705,769$173,785$0$1,328,325
64$1,813,654$116,197$0$1,395,736
65$1,930,461$53,705$0$1,473,282
66$2,057,035$0$0$1,557,321
67$2,194,303$0$0$1,651,120
68$2,343,288$0$0$1,763,857
69$2,505,111$0$0$1,886,340
70$2,681,009$0$0$2,019,507
71$2,872,341$0$0$2,164,390
72$3,080,601$0$0$2,322,127
73$3,307,436$0$0$2,493,968
74$3,554,654$0$0$2,681,289
75$3,824,250$0$0$2,885,603
76$4,118,415$0$0$3,108,579
77$4,439,564$0$0$3,352,050
78$4,790,354$0$0$3,618,038
79$5,173,711$0$0$3,908,764
80$5,592,854$0$0$4,226,677
81$6,051,329$0$0$4,574,473
82$6,553,041$0$0$4,955,120
83$7,102,289$0$0$5,371,885
84$7,703,806$0$0$5,828,367
85$8,362,806$0$0$6,328,530
86$9,085,031$0$0$6,876,738
87$9,876,803$0$0$7,477,798
88$10,745,086$0$0$8,137,005
89$11,697,550$0$0$8,860,190
90$12,742,645$0$0$9,653,775
91$13,889,676$0$0$10,524,837
92$15,148,893$0$0$11,481,168
93$16,531,588$0$0$12,531,352
94$18,050,199$0$0$13,684,848
95$19,718,429$0$0$14,952,071
96$21,551,373$0$0$16,344,500
97$23,565,659$0$0$17,874,777
98$25,779,608$0$0$19,556,831
99$28,213,402$0$0$21,406,007
100$30,889,278$0$0$23,439,212