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%19%
1 years$50,125$49,679$49,243$48,818$48,403$46,649
2 years$24,815$24,352$23,905$23,470$23,049$21,301
3 years$16,379$15,915$15,468$15,038$14,623$12,936
4 years$12,162$11,699$11,257$10,834$10,429$8,816
5 years$9,632$9,172$8,736$8,321$7,928$6,393
6 years$7,946$7,490$7,060$6,655$6,273$4,818
7 years$6,742$6,290$5,867$5,471$5,102$3,725
8 years$5,840$5,392$4,975$4,590$4,233$2,933
9 years$5,139$4,694$4,285$3,909$3,564$2,341
10 years$4,578$4,138$3,736$3,370$3,037$1,888
11 years$4,119$3,684$3,289$2,933$2,612$1,534
12 years$3,737$3,306$2,919$2,572$2,263$1,255
13 years$3,414$2,988$2,608$2,271$1,974$1,031
14 years$3,138$2,716$2,343$2,016$1,730$851
15 years$2,899$2,481$2,116$1,798$1,523$704
16 years$2,689$2,276$1,918$1,610$1,346$584
17 years$2,505$2,096$1,745$1,446$1,194$486
18 years$2,341$1,937$1,593$1,304$1,061$405
19 years$2,195$1,795$1,459$1,178$946$338
20 years$2,063$1,668$1,339$1,067$845$282
21 years$1,944$1,554$1,231$968$756$236
22 years$1,836$1,451$1,135$880$678$197
23 years$1,738$1,357$1,048$802$609$165
24 years$1,648$1,271$969$731$547$138
25 years$1,565$1,193$898$668$492$116
26 years$1,489$1,121$832$611$443$97
27 years$1,418$1,055$773$559$400$82
28 years$1,353$994$719$512$361$68
29 years$1,292$938$669$470$326$57
30 years$1,236$886$623$431$294$48
31 years$1,183$837$581$396$266$41
32 years$1,133$792$542$364$241$34
33 years$1,087$750$506$334$218$29
34 years$1,044$711$473$308$197$24
35 years$1,003$675$442$283$179$20
36 years$964$640$413$261$162$17
37 years$928$608$387$240$147$14
38 years$893$578$362$222$133$12
39 years$861$549$339$204$121$10
40 years$830$523$318$188$109$8
41 years$801$498$298$174$99$7
42 years$773$474$280$160$90$6
43 years$746$452$263$148$82$5
44 years$721$430$247$137$74$4
45 years$697$410$231$126$67$4
46 years$674$392$217$117$61$3
47 years$653$374$204$108$56$2
48 years$632$357$192$100$50$2
49 years$612$341$180$92$46$2
50 years$593$325$170$85$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $607,000, adding $4,405 every year, while hoping to spend $27,580 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: 69/23/8 Blend
44$607,000$607,000$607,000$607,000
45$673,458$641,287$631,878$718,668
46$712,806$643,365$623,701$751,270
47$755,242$644,621$614,326$783,144
48$801,054$644,984$603,683$817,267
49$850,556$644,382$591,700$853,853
50$904,092$642,736$578,301$893,142
51$962,042$639,963$563,407$935,393
52$1,024,823$635,974$546,935$980,898
53$1,092,895$630,677$528,797$1,029,975
54$1,166,762$623,972$508,903$1,082,976
55$1,246,979$615,753$487,158$1,140,290
56$1,334,155$605,910$463,463$1,202,346
57$1,428,963$594,324$437,713$1,269,619
58$1,532,142$580,870$409,801$1,342,629
59$1,644,503$565,415$379,612$1,421,955
60$1,766,942$547,820$347,029$1,508,233
61$1,900,443$527,936$311,927$1,602,164
62$2,046,089$505,606$274,177$1,704,526
63$2,205,072$480,663$233,644$1,816,173
64$2,378,706$452,932$190,188$1,938,049
65$2,568,435$422,226$143,660$2,071,196
66$2,775,850$388,350$93,907$2,216,764
67$3,002,702$351,095$40,769$2,376,021
68$3,250,921$310,241$0$2,550,367
69$3,522,629$265,557$0$2,742,706
70$3,820,164$216,797$0$2,957,185
71$4,146,103$163,702$0$3,192,215
72$4,503,280$105,998$0$3,449,887
73$4,894,819$43,396$0$3,732,505
74$5,324,159$0$0$4,042,611
75$5,795,089$0$0$4,389,185
76$6,311,782$0$0$4,781,524
77$6,878,834$0$0$5,212,137
78$7,501,307$0$0$5,684,874
79$8,184,779$0$0$6,203,975
80$8,935,393$0$0$6,774,110
81$9,759,916$0$0$7,400,425
82$10,665,803$0$0$8,088,587
83$11,661,267$0$0$8,844,842
84$12,755,357$0$0$9,676,069
85$13,958,041$0$0$10,589,845
86$15,280,299$0$0$11,594,522
87$16,734,232$0$0$12,699,297
88$18,333,169$0$0$13,914,307
89$20,091,797$0$0$15,250,718
90$22,026,298$0$0$16,720,833
91$24,154,499$0$0$18,338,208
92$26,496,045$0$0$20,117,778
93$29,072,579$0$0$22,076,001
94$31,907,949$0$0$24,231,007
95$35,028,430$0$0$26,602,777
96$38,462,975$0$0$29,213,324
97$42,243,485$0$0$32,086,904
98$46,405,112$0$0$35,250,245
99$50,986,588$0$0$38,732,797
100$56,030,591$0$0$42,567,010