Can I retire at age 45 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$49,547$49,106$48,676$48,255$47,845$46,425
2 years$24,528$24,072$23,629$23,200$22,783$21,364
3 years$16,190$15,731$15,289$14,864$14,455$13,081
4 years$12,021$11,564$11,127$10,709$10,309$8,992
5 years$9,521$9,066$8,635$8,225$7,837$6,579
6 years$7,855$7,403$6,978$6,578$6,201$5,004
7 years$6,665$6,217$5,799$5,408$5,043$3,907
8 years$5,773$5,329$4,918$4,537$4,184$3,108
9 years$5,079$4,640$4,236$3,864$3,523$2,507
10 years$4,525$4,090$3,693$3,331$3,002$2,043
11 years$4,072$3,641$3,251$2,899$2,582$1,679
12 years$3,694$3,268$2,885$2,543$2,237$1,388
13 years$3,375$2,953$2,578$2,245$1,951$1,154
14 years$3,102$2,685$2,316$1,993$1,710$963
15 years$2,865$2,452$2,091$1,777$1,506$807
16 years$2,658$2,250$1,896$1,591$1,331$678
17 years$2,476$2,072$1,725$1,430$1,180$571
18 years$2,314$1,915$1,575$1,289$1,049$482
19 years$2,169$1,775$1,442$1,164$935$407
20 years$2,039$1,649$1,323$1,054$835$344
21 years$1,922$1,536$1,217$957$748$292
22 years$1,815$1,434$1,122$870$670$247
23 years$1,718$1,341$1,036$792$601$210
24 years$1,629$1,256$958$723$541$178
25 years$1,547$1,179$887$660$486$152
26 years$1,472$1,108$823$604$438$129
27 years$1,402$1,043$764$552$395$110
28 years$1,337$983$710$506$356$93
29 years$1,277$927$661$464$322$79
30 years$1,221$876$616$426$291$68
31 years$1,169$828$574$391$263$57
32 years$1,120$783$536$360$238$49
33 years$1,075$742$500$331$215$42
34 years$1,032$703$467$304$195$36
35 years$991$667$437$280$177$30
36 years$953$633$409$258$160$26
37 years$917$601$382$238$145$22
38 years$883$571$358$219$131$19
39 years$851$543$336$202$119$16
40 years$820$517$315$186$108$14
41 years$791$492$295$172$98$12
42 years$764$468$277$159$89$10
43 years$738$446$260$146$81$8
44 years$713$425$244$135$73$7
45 years$689$406$229$125$67$6
46 years$667$387$215$115$60$5
47 years$645$369$202$107$55$4
48 years$624$353$190$98$50$4
49 years$605$337$178$91$45$3
50 years$586$322$168$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $600,000, adding $4,767 every year, while hoping to spend $43,564 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: 70/5/25 Blend
44$600,000$600,000$600,000$600,000
45$666,117$634,317$625,017$708,197
46$687,709$619,047$599,603$721,702
47$710,044$601,568$571,878$730,971
48$733,150$581,727$541,718$740,085
49$757,060$559,361$508,995$749,029
50$781,807$534,295$473,572$757,783
51$807,424$506,349$435,310$766,329
52$833,950$475,328$394,061$774,646
53$861,422$441,029$349,671$782,715
54$889,882$403,235$301,981$790,514
55$919,375$361,717$250,821$798,022
56$949,945$316,236$196,018$805,217
57$981,642$266,534$137,387$812,077
58$1,014,519$212,343$74,739$818,578
59$1,048,631$153,379$7,874$824,697
60$1,084,037$89,340$0$830,410
61$1,120,800$19,910$0$852,628
62$1,158,989$0$0$877,735
63$1,198,674$0$0$906,705
64$1,239,934$0$0$937,967
65$1,282,850$0$0$970,490
66$1,327,512$0$0$1,004,340
67$1,374,015$0$0$1,039,591
68$1,422,460$0$0$1,076,322
69$1,472,958$0$0$1,114,616
70$1,525,627$0$0$1,154,564
71$1,580,595$0$0$1,196,263
72$1,637,999$0$0$1,239,820
73$1,697,988$0$0$1,285,348
74$1,760,723$0$0$1,332,971
75$1,826,377$0$0$1,382,821
76$1,895,139$0$0$1,435,043
77$1,967,213$0$0$1,489,795
78$2,042,819$0$0$1,547,244
79$2,122,198$0$0$1,607,577
80$2,205,611$0$0$1,670,993
81$2,293,341$0$0$1,737,709
82$2,385,695$0$0$1,807,963
83$2,483,011$0$0$1,882,013
84$2,585,653$0$0$1,960,140
85$2,694,020$0$0$2,042,650
86$2,808,546$0$0$2,129,876
87$2,929,706$0$0$2,222,185
88$3,058,017$0$0$2,319,973
89$3,194,044$0$0$2,423,677
90$3,338,405$0$0$2,533,770
91$3,491,775$0$0$2,650,774
92$3,654,895$0$0$2,775,257
93$3,828,572$0$0$2,907,841
94$4,013,691$0$0$3,049,208
95$4,211,223$0$0$3,200,105
96$4,422,229$0$0$3,361,350
97$4,647,874$0$0$3,533,839
98$4,889,434$0$0$3,718,555
99$5,148,309$0$0$3,916,576
100$5,426,034$0$0$4,129,086