Can I retire at age 45 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$50,043$49,597$49,162$48,738$48,323$47,799
2 years$24,774$24,312$23,865$23,432$23,011$22,483
3 years$16,352$15,888$15,442$15,013$14,599$14,084
4 years$12,142$11,680$11,238$10,816$10,412$9,914
5 years$9,616$9,157$8,721$8,308$7,915$7,435
6 years$7,933$7,477$7,048$6,644$6,263$5,801
7 years$6,731$6,279$5,857$5,462$5,094$4,651
8 years$5,830$5,383$4,967$4,582$4,226$3,802
9 years$5,130$4,687$4,278$3,903$3,559$3,154
10 years$4,570$4,131$3,730$3,364$3,032$2,646
11 years$4,112$3,678$3,284$2,928$2,608$2,240
12 years$3,731$3,301$2,914$2,568$2,260$1,910
13 years$3,409$2,983$2,604$2,267$1,971$1,638
14 years$3,133$2,711$2,339$2,013$1,727$1,412
15 years$2,894$2,477$2,112$1,795$1,521$1,222
16 years$2,685$2,273$1,915$1,607$1,344$1,061
17 years$2,501$2,093$1,743$1,444$1,192$924
18 years$2,337$1,934$1,591$1,301$1,060$807
19 years$2,191$1,792$1,456$1,176$945$706
20 years$2,060$1,666$1,336$1,065$844$619
21 years$1,941$1,551$1,229$967$755$543
22 years$1,833$1,448$1,133$879$677$478
23 years$1,735$1,354$1,046$800$608$420
24 years$1,645$1,269$967$730$546$371
25 years$1,562$1,191$896$667$491$327
26 years$1,486$1,119$831$610$443$288
27 years$1,416$1,053$772$558$399$255
28 years$1,351$993$717$511$360$225
29 years$1,290$936$668$469$325$199
30 years$1,234$884$622$430$294$176
31 years$1,181$836$580$395$266$156
32 years$1,132$791$541$363$240$138
33 years$1,085$749$505$334$217$122
34 years$1,042$710$472$307$197$108
35 years$1,001$673$441$283$178$96
36 years$962$639$413$260$162$85
37 years$926$607$386$240$146$76
38 years$892$577$362$221$133$67
39 years$859$549$339$204$120$59
40 years$828$522$318$188$109$53
41 years$799$497$298$174$99$47
42 years$772$473$279$160$90$42
43 years$745$451$262$148$82$37
44 years$720$430$246$137$74$33
45 years$696$410$231$126$67$29
46 years$673$391$217$116$61$26
47 years$651$373$204$108$55$23
48 years$631$356$192$99$50$20
49 years$611$340$180$92$46$18
50 years$592$325$169$85$42$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $606,000, adding $5,391 every year, while hoping to spend $27,750 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: 21/49/30 Blend
44$606,000$606,000$606,000$606,000
45$673,373$641,255$631,862$681,044
46$712,531$643,151$623,503$690,435
47$754,753$644,209$613,935$697,835
48$800,323$644,360$603,087$705,148
49$849,551$643,529$590,885$712,385
50$902,780$641,636$577,254$719,561
51$960,385$638,598$562,114$726,694
52$1,022,780$634,325$545,380$733,809
53$1,090,418$628,722$526,966$740,935
54$1,163,801$621,689$506,779$748,107
55$1,243,476$613,119$484,723$755,369
56$1,330,049$602,900$460,700$762,770
57$1,424,184$590,912$434,603$770,372
58$1,526,612$577,029$406,324$778,245
59$1,638,139$561,116$375,748$786,469
60$1,759,649$543,031$342,756$795,141
61$1,892,118$522,624$307,223$804,371
62$2,036,618$499,736$269,019$814,283
63$2,194,329$474,199$228,007$825,023
64$2,366,551$445,835$184,045$836,757
65$2,554,714$414,456$136,986$849,672
66$2,760,393$379,862$86,673$863,982
67$2,985,322$341,844$32,945$879,931
68$3,231,410$300,180$0$897,794
69$3,500,758$254,633$0$925,691
70$3,795,683$204,957$0$967,925
71$4,118,731$150,889$0$1,014,395
72$4,472,711$92,152$0$1,065,607
73$4,860,714$28,454$0$1,122,127
74$5,286,145$0$0$1,184,583
75$5,752,753$0$0$1,275,520
76$6,264,669$0$0$1,392,230
77$6,826,442$0$0$1,520,423
78$7,443,083$0$0$1,661,257
79$8,120,113$0$0$1,816,006
80$8,863,612$0$0$1,986,077
81$9,680,277$0$0$2,173,018
82$10,577,489$0$0$2,378,535
83$11,563,376$0$0$2,604,505
84$12,646,893$0$0$2,853,001
85$13,837,906$0$0$3,126,302
86$15,147,286$0$0$3,426,923
87$16,587,006$0$0$3,757,631
88$18,170,261$0$0$4,121,479
89$19,911,586$0$0$4,521,826
90$21,826,997$0$0$4,962,378
91$23,934,140$0$0$5,447,215
92$26,252,455$0$0$5,980,834
93$28,803,366$0$0$6,568,188
94$31,610,474$0$0$7,214,739
95$34,699,786$0$0$7,926,500
96$38,099,957$0$0$8,710,100
97$41,842,560$0$0$9,572,843
98$45,962,385$0$0$10,522,776
99$50,497,767$0$0$11,568,768
100$55,490,945$0$0$12,720,591