Can I retire at age 45 with 606,000?

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 $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%15.5%
1 years$50,043$49,597$49,162$48,738$48,323$47,232
2 years$24,774$24,312$23,865$23,432$23,011$21,917
3 years$16,352$15,888$15,442$15,013$14,599$13,537
4 years$12,142$11,680$11,238$10,816$10,412$9,390
5 years$9,616$9,157$8,721$8,308$7,915$6,936
6 years$7,933$7,477$7,048$6,644$6,263$5,328
7 years$6,731$6,279$5,857$5,462$5,094$4,203
8 years$5,830$5,383$4,967$4,582$4,226$3,378
9 years$5,130$4,687$4,278$3,903$3,559$2,754
10 years$4,570$4,131$3,730$3,364$3,032$2,270
11 years$4,112$3,678$3,284$2,928$2,608$1,887
12 years$3,731$3,301$2,914$2,568$2,260$1,579
13 years$3,409$2,983$2,604$2,267$1,971$1,329
14 years$3,133$2,711$2,339$2,013$1,727$1,123
15 years$2,894$2,477$2,112$1,795$1,521$953
16 years$2,685$2,273$1,915$1,607$1,344$811
17 years$2,501$2,093$1,743$1,444$1,192$692
18 years$2,337$1,934$1,591$1,301$1,060$591
19 years$2,191$1,792$1,456$1,176$945$506
20 years$2,060$1,666$1,336$1,065$844$434
21 years$1,941$1,551$1,229$967$755$373
22 years$1,833$1,448$1,133$879$677$321
23 years$1,735$1,354$1,046$800$608$276
24 years$1,645$1,269$967$730$546$238
25 years$1,562$1,191$896$667$491$205
26 years$1,486$1,119$831$610$443$177
27 years$1,416$1,053$772$558$399$153
28 years$1,351$993$717$511$360$132
29 years$1,290$936$668$469$325$114
30 years$1,234$884$622$430$294$98
31 years$1,181$836$580$395$266$85
32 years$1,132$791$541$363$240$73
33 years$1,085$749$505$334$217$64
34 years$1,042$710$472$307$197$55
35 years$1,001$673$441$283$178$48
36 years$962$639$413$260$162$41
37 years$926$607$386$240$146$36
38 years$892$577$362$221$133$31
39 years$859$549$339$204$120$27
40 years$828$522$318$188$109$23
41 years$799$497$298$174$99$20
42 years$772$473$279$160$90$17
43 years$745$451$262$148$82$15
44 years$720$430$246$137$74$13
45 years$696$410$231$126$67$11
46 years$673$391$217$116$61$10
47 years$651$373$204$108$55$8
48 years$631$356$192$99$50$7
49 years$611$340$180$92$46$6
50 years$592$325$169$85$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $606,000, adding $6,033 every year, while hoping to spend $30,855 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: 63/23/14 Blend
44$606,000$606,000$606,000$606,000
45$674,035$641,917$632,524$713,852
46$709,957$640,541$620,884$739,908
47$748,509$638,064$607,820$764,268
48$789,927$634,399$593,252$790,116
49$834,469$629,454$577,095$817,597
50$882,419$623,132$559,262$846,872
51$934,089$615,329$539,661$878,120
52$989,823$605,936$518,196$911,538
53$1,049,995$594,838$494,766$947,346
54$1,115,020$581,910$469,266$985,785
55$1,185,352$567,024$441,587$1,027,123
56$1,261,491$550,041$411,613$1,071,659
57$1,343,987$530,817$379,225$1,119,721
58$1,433,442$509,195$344,298$1,171,672
59$1,530,521$485,014$306,700$1,227,916
60$1,635,954$458,100$266,295$1,288,899
61$1,750,546$428,271$222,940$1,355,113
62$1,875,178$395,333$176,485$1,427,105
63$2,010,825$359,083$126,776$1,505,477
64$2,158,556$319,305$73,650$1,590,897
65$2,319,548$275,770$16,937$1,684,103
66$2,495,098$228,238$0$1,785,911
67$2,686,630$176,454$0$1,903,733
68$2,895,715$120,149$0$2,035,180
69$3,124,081$59,039$0$2,178,849
70$3,373,629$0$0$2,335,989
71$3,646,455$0$0$2,509,793
72$3,944,863$0$0$2,716,280
73$4,271,393$0$0$2,942,268
74$4,628,840$0$0$3,189,699
75$5,020,282$0$0$3,460,708
76$5,449,109$0$0$3,757,648
77$5,919,055$0$0$4,083,111
78$6,434,230$0$0$4,439,949
79$6,999,163$0$0$4,831,307
80$7,618,841$0$0$5,260,645
81$8,298,758$0$0$5,731,777
82$9,044,965$0$0$6,248,902
83$9,864,126$0$0$6,816,647
84$10,763,584$0$0$7,440,109
85$11,751,427$0$0$8,124,901
86$12,836,562$0$0$8,877,207
87$14,028,806$0$0$9,703,841
88$15,338,971$0$0$10,612,309
89$16,778,968$0$0$11,610,878
90$18,361,921$0$0$12,708,659
91$20,102,287$0$0$13,915,688
92$22,015,995$0$0$15,243,022
93$24,120,594$0$0$16,702,845
94$26,435,420$0$0$18,308,578
95$28,981,776$0$0$20,075,010
96$31,783,134$0$0$22,018,435
97$34,865,354$0$0$24,156,806
98$38,256,931$0$0$26,509,905
99$41,989,261$0$0$29,099,527
100$46,096,938$0$0$31,949,686