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%14.9%
1 years$50,208$49,761$49,325$48,899$48,483$47,504
2 years$24,855$24,393$23,944$23,509$23,087$22,105
3 years$16,406$15,941$15,493$15,062$14,647$13,693
4 years$12,182$11,718$11,275$10,852$10,447$9,527
5 years$9,648$9,187$8,750$8,335$7,941$7,060
6 years$7,959$7,502$7,071$6,666$6,284$5,440
7 years$6,754$6,300$5,876$5,480$5,110$4,306
8 years$5,850$5,400$4,984$4,597$4,240$3,473
9 years$5,147$4,702$4,292$3,916$3,570$2,842
10 years$4,585$4,145$3,742$3,375$3,042$2,351
11 years$4,126$3,690$3,295$2,938$2,616$1,962
12 years$3,743$3,312$2,924$2,577$2,267$1,648
13 years$3,420$2,993$2,612$2,275$1,977$1,392
14 years$3,143$2,720$2,347$2,019$1,733$1,182
15 years$2,903$2,485$2,119$1,801$1,526$1,007
16 years$2,694$2,280$1,921$1,613$1,349$860
17 years$2,509$2,100$1,748$1,449$1,196$737
18 years$2,345$1,940$1,596$1,306$1,063$633
19 years$2,198$1,798$1,461$1,180$948$545
20 years$2,066$1,671$1,341$1,069$846$469
21 years$1,947$1,557$1,233$970$758$405
22 years$1,839$1,453$1,137$882$679$350
23 years$1,741$1,359$1,050$803$610$303
24 years$1,650$1,273$971$732$548$262
25 years$1,568$1,195$899$669$493$227
26 years$1,491$1,123$834$612$444$197
27 years$1,421$1,057$774$560$400$170
28 years$1,355$996$720$513$361$148
29 years$1,294$939$670$470$326$128
30 years$1,238$887$624$432$295$111
31 years$1,185$839$582$396$266$97
32 years$1,135$794$543$364$241$84
33 years$1,089$752$507$335$218$73
34 years$1,045$712$473$308$198$64
35 years$1,004$676$443$284$179$55
36 years$966$641$414$261$162$48
37 years$929$609$388$241$147$42
38 years$895$579$363$222$133$36
39 years$862$550$340$205$121$32
40 years$831$524$319$189$110$27
41 years$802$498$299$174$99$24
42 years$774$475$280$161$90$21
43 years$748$452$263$148$82$18
44 years$722$431$247$137$74$16
45 years$698$411$232$127$67$14
46 years$675$392$218$117$61$12
47 years$654$374$205$108$56$10
48 years$633$357$192$100$50$9
49 years$613$341$181$92$46$8
50 years$594$326$170$85$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $608,000, adding $2,636 every year, while hoping to spend $35,421 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: 56/22/22 Blend
44$608,000$608,000$608,000$608,000
45$672,735$640,511$631,087$706,261
46$703,666$634,208$614,541$723,174
47$736,565$626,410$596,253$737,608
48$771,596$617,004$576,128$752,572
49$808,936$605,875$554,066$768,126
50$848,782$592,898$529,962$784,338
51$891,348$577,940$503,706$801,286
52$936,870$560,864$475,184$819,057
53$985,605$541,520$444,277$837,749
54$1,037,836$519,754$410,860$857,471
55$1,093,874$495,400$374,802$878,348
56$1,154,057$468,283$335,966$900,519
57$1,218,761$438,218$294,211$924,138
58$1,288,394$405,011$249,386$949,381
59$1,363,408$368,454$201,338$976,442
60$1,444,296$328,329$149,904$1,005,538
61$1,531,602$284,405$94,914$1,036,915
62$1,625,923$236,438$36,191$1,070,843
63$1,727,915$184,172$0$1,107,627
64$1,838,299$127,332$0$1,153,819
65$1,957,867$65,633$0$1,213,052
66$2,087,491$0$0$1,277,290
67$2,228,129$0$0$1,347,346
68$2,380,836$0$0$1,440,713
69$2,546,769$0$0$1,542,214
70$2,727,206$0$0$1,652,638
71$2,923,547$0$0$1,772,847
72$3,137,338$0$0$1,903,795
73$3,370,277$0$0$2,046,528
74$3,624,232$0$0$2,202,199
75$3,901,262$0$0$2,372,076
76$4,203,631$0$0$2,557,557
77$4,533,831$0$0$2,760,177
78$4,894,606$0$0$2,981,630
79$5,288,978$0$0$3,223,779
80$5,720,273$0$0$3,488,674
81$6,192,151$0$0$3,778,575
82$6,708,646$0$0$4,095,969
83$7,274,198$0$0$4,443,594
84$7,893,696$0$0$4,824,466
85$8,572,525$0$0$5,241,908
86$9,316,616$0$0$5,699,578
87$10,132,498$0$0$6,201,504
88$11,027,367$0$0$6,752,124
89$12,009,146$0$0$7,356,327
90$13,086,560$0$0$8,019,496
91$14,269,224$0$0$8,747,563
92$15,567,727$0$0$9,547,060
93$16,993,733$0$0$10,425,183
94$18,560,091$0$0$11,389,862
95$20,280,958$0$0$12,449,829
96$22,171,926$0$0$13,614,706
97$24,250,176$0$0$14,895,092
98$26,534,635$0$0$16,302,666
99$29,046,152$0$0$17,850,294
100$31,807,701$0$0$19,552,149