Can I retire at age 45 with 598,000?

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 $598,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$49,382$48,942$48,513$48,094$47,685$46,495
2 years$24,447$23,991$23,550$23,122$22,707$21,515
3 years$16,136$15,679$15,238$14,815$14,406$13,250
4 years$11,981$11,525$11,090$10,673$10,275$9,164
5 years$9,489$9,036$8,606$8,198$7,811$6,747
6 years$7,828$7,379$6,955$6,556$6,180$5,166
7 years$6,643$6,197$5,780$5,390$5,026$4,061
8 years$5,754$5,312$4,902$4,522$4,170$3,253
9 years$5,062$4,625$4,222$3,851$3,512$2,643
10 years$4,510$4,076$3,681$3,320$2,992$2,170
11 years$4,058$3,629$3,240$2,889$2,573$1,797
12 years$3,682$3,257$2,876$2,534$2,230$1,498
13 years$3,364$2,944$2,569$2,237$1,945$1,255
14 years$3,091$2,676$2,308$1,986$1,705$1,057
15 years$2,856$2,444$2,084$1,771$1,501$893
16 years$2,649$2,243$1,890$1,586$1,326$756
17 years$2,468$2,065$1,720$1,425$1,176$642
18 years$2,306$1,908$1,570$1,284$1,046$547
19 years$2,162$1,769$1,437$1,160$932$466
20 years$2,032$1,644$1,319$1,051$833$398
21 years$1,915$1,531$1,213$954$745$340
22 years$1,809$1,429$1,118$867$668$291
23 years$1,712$1,337$1,032$790$599$250
24 years$1,623$1,252$955$720$539$214
25 years$1,542$1,175$884$658$485$184
26 years$1,467$1,105$820$602$437$158
27 years$1,397$1,039$762$551$394$135
28 years$1,333$979$708$504$355$116
29 years$1,273$924$659$463$321$100
30 years$1,217$873$614$425$290$86
31 years$1,165$825$572$390$262$74
32 years$1,117$781$534$358$237$64
33 years$1,071$739$498$330$215$55
34 years$1,028$701$466$303$194$47
35 years$988$665$435$279$176$40
36 years$950$631$407$257$159$35
37 years$914$599$381$237$144$30
38 years$880$569$357$218$131$26
39 years$848$541$334$201$119$22
40 years$818$515$313$186$108$19
41 years$789$490$294$171$98$16
42 years$761$467$276$158$89$14
43 years$735$445$259$146$80$12
44 years$711$424$243$135$73$11
45 years$687$404$228$124$66$9
46 years$664$386$214$115$60$8
47 years$643$368$201$106$55$7
48 years$622$351$189$98$50$6
49 years$603$336$178$91$45$5
50 years$584$321$167$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $598,000, adding $5,338 every year, while hoping to spend $34,108 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: 50/43/7 Blend
44$598,000$598,000$598,000$598,000
45$664,502$632,808$623,539$696,282
46$695,991$627,525$608,137$713,245
47$729,548$620,840$591,076$727,570
48$765,349$612,648$572,264$742,328
49$803,585$602,839$551,605$757,568
50$844,467$591,294$529,000$773,344
51$888,225$577,889$504,344$789,721
52$935,111$562,493$477,526$806,769
53$985,402$544,965$448,434$824,571
54$1,039,403$525,158$416,946$843,219
55$1,097,446$502,916$382,938$862,817
56$1,159,899$478,072$346,280$883,483
57$1,227,164$450,452$306,835$905,349
58$1,299,681$419,871$264,461$928,566
59$1,377,937$386,133$219,008$953,302
60$1,462,464$349,031$170,323$979,746
61$1,553,848$308,346$118,241$1,008,110
62$1,652,732$263,847$62,594$1,038,633
63$1,759,826$215,290$3,206$1,071,582
64$1,875,906$162,417$0$1,107,257
65$2,001,828$104,956$0$1,150,485
66$2,138,534$42,618$0$1,197,696
67$2,287,058$0$0$1,249,081
68$2,448,539$0$0$1,316,907
69$2,624,230$0$0$1,412,697
70$2,815,508$0$0$1,517,044
71$3,023,890$0$0$1,630,782
72$3,251,044$0$0$1,754,830
73$3,498,808$0$0$1,890,198
74$3,769,203$0$0$2,038,000
75$4,064,454$0$0$2,199,460
76$4,387,011$0$0$2,375,927
77$4,739,570$0$0$2,568,885
78$5,125,099$0$0$2,779,970
79$5,546,869$0$0$3,010,980
80$6,008,479$0$0$3,263,899
81$6,513,891$0$0$3,540,907
82$7,067,470$0$0$3,844,410
83$7,674,023$0$0$4,177,053
84$8,338,843$0$0$4,541,752
85$9,067,760$0$0$4,941,717
86$9,867,194$0$0$5,380,485
87$10,744,218$0$0$5,861,950
88$11,706,622$0$0$6,390,404
89$12,762,986$0$0$6,970,572
90$13,922,760$0$0$7,607,660
91$15,196,357$0$0$8,307,403
92$16,595,246$0$0$9,076,119
93$18,132,060$0$0$9,920,766
94$19,820,718$0$0$10,849,011
95$21,676,554$0$0$11,869,302
96$23,716,460$0$0$12,990,945
97$25,959,047$0$0$14,224,190
98$28,424,818$0$0$15,580,333
99$31,136,363$0$0$17,071,820
100$34,118,570$0$0$18,712,360