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%15.9%
1 years$50,043$49,597$49,162$48,738$48,323$47,155
2 years$24,774$24,312$23,865$23,432$23,011$21,841
3 years$16,352$15,888$15,442$15,013$14,599$13,464
4 years$12,142$11,680$11,238$10,816$10,412$9,321
5 years$9,616$9,157$8,721$8,308$7,915$6,870
6 years$7,933$7,477$7,048$6,644$6,263$5,266
7 years$6,731$6,279$5,857$5,462$5,094$4,144
8 years$5,830$5,383$4,967$4,582$4,226$3,324
9 years$5,130$4,687$4,278$3,903$3,559$2,703
10 years$4,570$4,131$3,730$3,364$3,032$2,222
11 years$4,112$3,678$3,284$2,928$2,608$1,843
12 years$3,731$3,301$2,914$2,568$2,260$1,538
13 years$3,409$2,983$2,604$2,267$1,971$1,291
14 years$3,133$2,711$2,339$2,013$1,727$1,088
15 years$2,894$2,477$2,112$1,795$1,521$920
16 years$2,685$2,273$1,915$1,607$1,344$781
17 years$2,501$2,093$1,743$1,444$1,192$664
18 years$2,337$1,934$1,591$1,301$1,060$566
19 years$2,191$1,792$1,456$1,176$945$484
20 years$2,060$1,666$1,336$1,065$844$414
21 years$1,941$1,551$1,229$967$755$354
22 years$1,833$1,448$1,133$879$677$304
23 years$1,735$1,354$1,046$800$608$261
24 years$1,645$1,269$967$730$546$224
25 years$1,562$1,191$896$667$491$192
26 years$1,486$1,119$831$610$443$165
27 years$1,416$1,053$772$558$399$142
28 years$1,351$993$717$511$360$122
29 years$1,290$936$668$469$325$105
30 years$1,234$884$622$430$294$91
31 years$1,181$836$580$395$266$78
32 years$1,132$791$541$363$240$67
33 years$1,085$749$505$334$217$58
34 years$1,042$710$472$307$197$50
35 years$1,001$673$441$283$178$43
36 years$962$639$413$260$162$37
37 years$926$607$386$240$146$32
38 years$892$577$362$221$133$28
39 years$859$549$339$204$120$24
40 years$828$522$318$188$109$21
41 years$799$497$298$174$99$18
42 years$772$473$279$160$90$15
43 years$745$451$262$148$82$13
44 years$720$430$246$137$74$11
45 years$696$410$231$126$67$10
46 years$673$391$217$116$61$8
47 years$651$373$204$108$55$7
48 years$631$356$192$99$50$6
49 years$611$340$180$92$46$5
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 $5,752 every year, while hoping to spend $41,229 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: 78/12/10 Blend
44$606,000$606,000$606,000$606,000
45$673,745$641,627$632,234$724,707
46$698,600$629,200$609,547$746,584
47$724,608$614,781$584,717$764,681
48$751,843$598,231$557,631$783,335
49$780,387$579,400$528,167$802,585
50$810,325$558,129$496,199$822,472
51$841,752$534,251$461,596$843,042
52$874,772$507,591$424,220$864,349
53$909,495$477,959$383,928$886,449
54$946,043$445,158$340,569$909,407
55$984,548$408,979$293,987$933,293
56$1,025,153$369,201$244,017$958,186
57$1,068,016$325,590$190,489$984,175
58$1,113,308$277,897$133,224$1,011,356
59$1,161,214$225,863$72,036$1,039,839
60$1,211,939$169,212$6,730$1,069,743
61$1,265,705$107,651$0$1,101,202
62$1,322,754$40,873$0$1,141,083
63$1,383,353$0$0$1,184,034
64$1,447,792$0$0$1,233,697
65$1,516,388$0$0$1,292,321
66$1,589,491$0$0$1,354,807
67$1,667,480$0$0$1,421,483
68$1,750,774$0$0$1,492,707
69$1,839,830$0$0$1,568,872
70$1,935,150$0$0$1,650,409
71$2,037,284$0$0$1,737,791
72$2,146,835$0$0$1,831,535
73$2,264,465$0$0$1,932,210
74$2,390,901$0$0$2,040,442
75$2,526,941$0$0$2,156,913
76$2,673,460$0$0$2,282,378
77$2,831,420$0$0$2,417,662
78$3,001,878$0$0$2,563,673
79$3,185,995$0$0$2,721,409
80$3,385,046$0$0$2,891,966
81$3,600,434$0$0$3,076,548
82$3,833,700$0$0$3,276,479
83$4,086,539$0$0$3,493,217
84$4,360,815$0$0$3,728,362
85$4,658,576$0$0$3,983,675
86$4,982,077$0$0$4,261,093
87$5,333,797$0$0$4,562,746
88$5,716,465$0$0$4,890,980
89$6,133,081$0$0$5,248,373
90$6,586,948$0$0$5,637,763
91$7,081,701$0$0$6,062,273
92$7,621,340$0$0$6,525,341
93$8,210,267$0$0$7,030,751
94$8,853,329$0$0$7,582,668
95$9,555,859$0$0$8,185,675
96$10,323,732$0$0$8,844,821
97$11,163,413$0$0$9,565,662
98$12,082,021$0$0$10,354,317
99$13,087,395$0$0$11,217,523
100$14,188,167$0$0$12,162,698