Can I retire at age 45 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$50,208$49,761$49,325$48,899$48,483$46,875
2 years$24,855$24,393$23,944$23,509$23,087$21,482
3 years$16,406$15,941$15,493$15,062$14,647$13,097
4 years$12,182$11,718$11,275$10,852$10,447$8,962
5 years$9,648$9,187$8,750$8,335$7,941$6,526
6 years$7,959$7,502$7,071$6,666$6,284$4,940
7 years$6,754$6,300$5,876$5,480$5,110$3,837
8 years$5,850$5,400$4,984$4,597$4,240$3,036
9 years$5,147$4,702$4,292$3,916$3,570$2,435
10 years$4,585$4,145$3,742$3,375$3,042$1,973
11 years$4,126$3,690$3,295$2,938$2,616$1,612
12 years$3,743$3,312$2,924$2,577$2,267$1,325
13 years$3,420$2,993$2,612$2,275$1,977$1,095
14 years$3,143$2,720$2,347$2,019$1,733$908
15 years$2,903$2,485$2,119$1,801$1,526$756
16 years$2,694$2,280$1,921$1,613$1,349$631
17 years$2,509$2,100$1,748$1,449$1,196$528
18 years$2,345$1,940$1,596$1,306$1,063$442
19 years$2,198$1,798$1,461$1,180$948$371
20 years$2,066$1,671$1,341$1,069$846$312
21 years$1,947$1,557$1,233$970$758$263
22 years$1,839$1,453$1,137$882$679$221
23 years$1,741$1,359$1,050$803$610$186
24 years$1,650$1,273$971$732$548$157
25 years$1,568$1,195$899$669$493$133
26 years$1,491$1,123$834$612$444$112
27 years$1,421$1,057$774$560$400$94
28 years$1,355$996$720$513$361$80
29 years$1,294$939$670$470$326$67
30 years$1,238$887$624$432$295$57
31 years$1,185$839$582$396$266$48
32 years$1,135$794$543$364$241$41
33 years$1,089$752$507$335$218$34
34 years$1,045$712$473$308$198$29
35 years$1,004$676$443$284$179$25
36 years$966$641$414$261$162$21
37 years$929$609$388$241$147$18
38 years$895$579$363$222$133$15
39 years$862$550$340$205$121$13
40 years$831$524$319$189$110$11
41 years$802$498$299$174$99$9
42 years$774$475$280$161$90$8
43 years$748$452$263$148$82$6
44 years$722$431$247$137$74$5
45 years$698$411$232$127$67$5
46 years$675$392$218$117$61$4
47 years$654$374$205$108$56$3
48 years$633$357$192$100$50$3
49 years$613$341$181$92$46$2
50 years$594$326$170$85$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $608,000, adding $4,334 every year, while hoping to spend $40,313 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: 58/35/7 Blend
44$608,000$608,000$608,000$608,000
45$674,487$642,263$632,839$712,343
46$700,391$630,841$611,146$726,862
47$727,588$617,508$587,375$737,737
48$756,164$602,128$561,415$748,586
49$786,218$584,558$533,147$759,412
50$817,854$564,643$502,450$770,217
51$851,187$542,223$469,194$781,005
52$886,343$517,127$433,247$791,785
53$923,457$489,173$394,468$802,566
54$962,678$458,171$352,711$813,364
55$1,004,169$423,918$307,824$824,195
56$1,048,105$386,201$259,647$835,085
57$1,094,680$344,793$208,013$846,060
58$1,144,105$299,456$152,750$857,157
59$1,196,611$249,937$93,674$868,416
60$1,252,451$195,969$30,598$879,888
61$1,311,901$137,272$0$891,633
62$1,375,263$73,546$0$906,460
63$1,442,869$4,479$0$924,327
64$1,515,082$0$0$943,056
65$1,592,299$0$0$989,833
66$1,674,956$0$0$1,041,785
67$1,763,532$0$0$1,097,493
68$1,858,552$0$0$1,157,291
69$1,960,591$0$0$1,221,545
70$2,070,280$0$0$1,290,659
71$2,188,313$0$0$1,365,075
72$2,315,452$0$0$1,445,279
73$2,452,532$0$0$1,531,803
74$2,600,474$0$0$1,625,235
75$2,760,286$0$0$1,726,219
76$2,933,077$0$0$1,835,461
77$3,120,067$0$0$1,953,742
78$3,322,597$0$0$2,081,915
79$3,542,139$0$0$2,220,923
80$3,780,315$0$0$2,371,798
81$4,038,906$0$0$2,535,680
82$4,319,873$0$0$2,713,819
83$4,625,372$0$0$2,907,593
84$4,957,775$0$0$3,118,516
85$5,319,693$0$0$3,348,255
86$5,713,998$0$0$3,598,645
87$6,143,850$0$0$3,871,704
88$6,612,729$0$0$4,169,653
89$7,124,462$0$0$4,494,939
90$7,683,265$0$0$4,850,254
91$8,293,778$0$0$5,238,561
92$8,961,107$0$0$5,663,122
93$9,690,878$0$0$6,127,532
94$10,489,280$0$0$6,635,744
95$11,363,133$0$0$7,192,116
96$12,319,942$0$0$7,801,442
97$13,367,976$0$0$8,469,004
98$14,516,339$0$0$9,200,621
99$15,775,057$0$0$10,002,697
100$17,155,172$0$0$10,882,289