Can I retire at age 45 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$50,125$49,679$49,243$48,818$48,403$47,977
2 years$24,815$24,352$23,905$23,470$23,049$22,620
3 years$16,379$15,915$15,468$15,038$14,623$14,204
4 years$12,162$11,699$11,257$10,834$10,429$10,024
5 years$9,632$9,172$8,736$8,321$7,928$7,537
6 years$7,946$7,490$7,060$6,655$6,273$5,897
7 years$6,742$6,290$5,867$5,471$5,102$4,741
8 years$5,840$5,392$4,975$4,590$4,233$3,886
9 years$5,139$4,694$4,285$3,909$3,564$3,233
10 years$4,578$4,138$3,736$3,370$3,037$2,721
11 years$4,119$3,684$3,289$2,933$2,612$2,310
12 years$3,737$3,306$2,919$2,572$2,263$1,976
13 years$3,414$2,988$2,608$2,271$1,974$1,700
14 years$3,138$2,716$2,343$2,016$1,730$1,470
15 years$2,899$2,481$2,116$1,798$1,523$1,277
16 years$2,689$2,276$1,918$1,610$1,346$1,112
17 years$2,505$2,096$1,745$1,446$1,194$972
18 years$2,341$1,937$1,593$1,304$1,061$852
19 years$2,195$1,795$1,459$1,178$946$748
20 years$2,063$1,668$1,339$1,067$845$658
21 years$1,944$1,554$1,231$968$756$580
22 years$1,836$1,451$1,135$880$678$512
23 years$1,738$1,357$1,048$802$609$452
24 years$1,648$1,271$969$731$547$400
25 years$1,565$1,193$898$668$492$354
26 years$1,489$1,121$832$611$443$314
27 years$1,418$1,055$773$559$400$278
28 years$1,353$994$719$512$361$247
29 years$1,292$938$669$470$326$219
30 years$1,236$886$623$431$294$195
31 years$1,183$837$581$396$266$173
32 years$1,133$792$542$364$241$154
33 years$1,087$750$506$334$218$137
34 years$1,044$711$473$308$197$122
35 years$1,003$675$442$283$179$109
36 years$964$640$413$261$162$97
37 years$928$608$387$240$147$86
38 years$893$578$362$222$133$77
39 years$861$549$339$204$121$68
40 years$830$523$318$188$109$61
41 years$801$498$298$174$99$54
42 years$773$474$280$160$90$48
43 years$746$452$263$148$82$43
44 years$721$430$247$137$74$38
45 years$697$410$231$126$67$34
46 years$674$392$217$117$61$30
47 years$653$374$204$108$56$27
48 years$632$357$192$100$50$24
49 years$612$341$180$92$46$22
50 years$593$325$170$85$42$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $607,000, adding $4,377 every year, while hoping to spend $24,476 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: 74/12/14 Blend
44$607,000$607,000$607,000$607,000
45$673,429$641,258$631,849$720,923
46$716,076$646,637$626,974$758,302
47$762,254$651,460$621,115$795,789
48$812,295$655,673$614,214$836,201
49$866,567$659,219$606,208$879,822
50$925,475$662,039$597,034$926,966
51$989,463$664,068$586,624$977,976
52$1,059,019$665,239$574,908$1,033,232
53$1,134,683$665,479$561,810$1,093,154
54$1,217,045$664,711$547,255$1,158,204
55$1,306,756$662,855$531,161$1,228,890
56$1,404,533$659,823$513,443$1,305,773
57$1,511,165$655,524$494,013$1,389,473
58$1,627,520$649,861$472,779$1,480,672
59$1,754,553$642,730$449,642$1,580,122
60$1,893,315$634,021$424,503$1,688,652
61$2,044,965$623,620$397,256$1,807,177
62$2,210,777$611,403$367,789$1,936,704
63$2,392,154$597,240$335,988$2,078,345
64$2,590,642$580,992$301,732$2,233,326
65$2,807,942$562,515$264,894$2,402,997
66$3,045,927$541,654$225,344$2,588,848
67$3,306,662$518,246$182,943$2,792,522
68$3,592,419$492,117$137,549$3,015,829
69$3,905,699$463,084$89,010$3,260,765
70$4,249,260$430,955$37,172$3,529,531
71$4,626,138$395,525$0$3,824,554
72$5,039,676$356,578$0$4,151,220
73$5,493,557$313,884$0$4,515,869
74$5,991,839$267,204$0$4,916,221
75$6,538,991$216,281$0$5,355,888
76$7,139,936$160,847$0$5,838,850
77$7,800,097$100,616$0$6,369,494
78$8,525,449$35,288$0$6,952,655
79$9,322,574$0$0$7,593,660
80$10,198,723$0$0$8,303,061
81$11,161,884$0$0$9,088,065
82$12,220,859$0$0$9,951,190
83$13,385,344$0$0$10,900,341
84$14,666,021$0$0$11,944,232
85$16,074,663$0$0$13,092,459
86$17,624,236$0$0$14,355,597
87$19,329,029$0$0$15,745,298
88$21,204,785$0$0$17,274,400
89$23,268,851$0$0$18,957,048
90$25,540,338$0$0$20,808,826
91$28,040,306$0$0$22,846,907
92$30,791,959$0$0$25,090,214
93$33,820,863$0$0$27,559,595
94$37,155,193$0$0$30,278,023
95$40,825,988$0$0$33,270,813
96$44,867,455$0$0$36,565,856
97$49,317,284$0$0$40,193,889
98$54,217,007$0$0$44,188,779
99$59,612,385$0$0$48,587,843
100$65,553,848$0$0$53,432,203