Can I retire at age 45 with 607,000?

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 $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%16.9%
1 years$50,125$49,679$49,243$48,818$48,403$47,042
2 years$24,815$24,352$23,905$23,470$23,049$21,688
3 years$16,379$15,915$15,468$15,038$14,623$13,305
4 years$12,162$11,699$11,257$10,834$10,429$9,165
5 years$9,632$9,172$8,736$8,321$7,928$6,720
6 years$7,946$7,490$7,060$6,655$6,273$5,122
7 years$6,742$6,290$5,867$5,471$5,102$4,008
8 years$5,840$5,392$4,975$4,590$4,233$3,196
9 years$5,139$4,694$4,285$3,909$3,564$2,584
10 years$4,578$4,138$3,736$3,370$3,037$2,111
11 years$4,119$3,684$3,289$2,933$2,612$1,739
12 years$3,737$3,306$2,919$2,572$2,263$1,442
13 years$3,414$2,988$2,608$2,271$1,974$1,202
14 years$3,138$2,716$2,343$2,016$1,730$1,006
15 years$2,899$2,481$2,116$1,798$1,523$845
16 years$2,689$2,276$1,918$1,610$1,346$712
17 years$2,505$2,096$1,745$1,446$1,194$601
18 years$2,341$1,937$1,593$1,304$1,061$509
19 years$2,195$1,795$1,459$1,178$946$431
20 years$2,063$1,668$1,339$1,067$845$366
21 years$1,944$1,554$1,231$968$756$311
22 years$1,836$1,451$1,135$880$678$265
23 years$1,738$1,357$1,048$802$609$225
24 years$1,648$1,271$969$731$547$192
25 years$1,565$1,193$898$668$492$164
26 years$1,489$1,121$832$611$443$140
27 years$1,418$1,055$773$559$400$119
28 years$1,353$994$719$512$361$102
29 years$1,292$938$669$470$326$87
30 years$1,236$886$623$431$294$74
31 years$1,183$837$581$396$266$63
32 years$1,133$792$542$364$241$54
33 years$1,087$750$506$334$218$46
34 years$1,044$711$473$308$197$40
35 years$1,003$675$442$283$179$34
36 years$964$640$413$261$162$29
37 years$928$608$387$240$147$25
38 years$893$578$362$222$133$21
39 years$861$549$339$204$121$18
40 years$830$523$318$188$109$15
41 years$801$498$298$174$99$13
42 years$773$474$280$160$90$11
43 years$746$452$263$148$82$10
44 years$721$430$247$137$74$8
45 years$697$410$231$126$67$7
46 years$674$392$217$117$61$6
47 years$653$374$204$108$56$5
48 years$632$357$192$100$50$4
49 years$612$341$180$92$46$4
50 years$593$325$170$85$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $607,000, adding $3,035 every year, while hoping to spend $27,724 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: 73/15/12 Blend
44$607,000$607,000$607,000$607,000
45$672,045$639,874$630,465$719,239
46$711,095$641,729$622,088$752,707
47$753,199$642,747$612,500$785,629
48$798,640$642,856$601,633$820,936
49$847,727$641,981$589,413$858,856
50$900,801$640,044$575,765$899,642
51$958,236$636,960$560,607$943,571
52$1,020,445$632,640$543,856$990,952
53$1,087,880$626,989$525,424$1,042,122
54$1,161,039$619,906$505,221$1,097,454
55$1,240,469$611,286$483,150$1,157,361
56$1,326,773$601,015$459,112$1,222,297
57$1,420,613$588,973$433,001$1,292,763
58$1,522,717$575,035$404,708$1,369,312
59$1,633,888$559,065$374,120$1,452,554
60$1,755,007$540,922$341,116$1,543,161
61$1,887,047$520,456$305,572$1,641,876
62$2,031,075$497,508$267,358$1,749,517
63$2,188,267$471,908$226,337$1,866,988
64$2,359,919$443,481$182,368$1,995,284
65$2,547,456$412,036$135,302$2,135,504
66$2,752,446$377,375$84,984$2,288,860
67$2,976,617$339,289$31,253$2,456,689
68$3,221,872$297,553$0$2,640,464
69$3,490,304$251,935$0$2,845,153
70$3,784,220$202,185$0$3,073,696
71$4,106,160$148,041$0$3,324,089
72$4,458,920$89,227$0$3,598,539
73$4,845,580$25,449$0$3,899,477
74$5,269,532$0$0$4,229,583
75$5,734,514$0$0$4,599,008
76$6,244,640$0$0$5,008,938
77$6,804,442$0$0$5,458,815
78$7,418,914$0$0$5,952,658
79$8,093,556$0$0$6,494,890
80$8,834,425$0$0$7,090,384
81$9,648,195$0$0$7,744,508
82$10,542,219$0$0$8,463,177
83$11,524,595$0$0$9,252,904
84$12,604,247$0$0$10,120,868
85$13,791,003$0$0$11,074,976
86$15,095,694$0$0$12,123,938
87$16,530,250$0$0$13,277,354
88$18,107,818$0$0$14,545,796
89$19,842,879$0$0$15,940,914
90$21,751,390$0$0$17,475,546
91$23,850,932$0$0$19,163,832
92$26,160,876$0$0$21,021,356
93$28,702,565$0$0$23,065,286
94$31,499,514$0$0$25,314,539
95$34,577,634$0$0$27,789,959
96$37,965,476$0$0$30,514,512
97$41,694,496$0$0$33,513,503
98$45,799,358$0$0$36,814,816
99$50,318,254$0$0$40,449,176
100$55,293,269$0$0$44,450,436