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%19.2%
1 years$49,547$49,106$48,676$48,255$47,845$46,074
2 years$24,528$24,072$23,629$23,200$22,783$21,019
3 years$16,190$15,731$15,289$14,864$14,455$12,753
4 years$12,021$11,564$11,127$10,709$10,309$8,683
5 years$9,521$9,066$8,635$8,225$7,837$6,290
6 years$7,855$7,403$6,978$6,578$6,201$4,734
7 years$6,665$6,217$5,799$5,408$5,043$3,657
8 years$5,773$5,329$4,918$4,537$4,184$2,876
9 years$5,079$4,640$4,236$3,864$3,523$2,293
10 years$4,525$4,090$3,693$3,331$3,002$1,846
11 years$4,072$3,641$3,251$2,899$2,582$1,499
12 years$3,694$3,268$2,885$2,543$2,237$1,224
13 years$3,375$2,953$2,578$2,245$1,951$1,004
14 years$3,102$2,685$2,316$1,993$1,710$827
15 years$2,865$2,452$2,091$1,777$1,506$684
16 years$2,658$2,250$1,896$1,591$1,331$567
17 years$2,476$2,072$1,725$1,430$1,180$471
18 years$2,314$1,915$1,575$1,289$1,049$391
19 years$2,169$1,775$1,442$1,164$935$326
20 years$2,039$1,649$1,323$1,054$835$272
21 years$1,922$1,536$1,217$957$748$227
22 years$1,815$1,434$1,122$870$670$190
23 years$1,718$1,341$1,036$792$601$159
24 years$1,629$1,256$958$723$541$133
25 years$1,547$1,179$887$660$486$111
26 years$1,472$1,108$823$604$438$93
27 years$1,402$1,043$764$552$395$78
28 years$1,337$983$710$506$356$65
29 years$1,277$927$661$464$322$55
30 years$1,221$876$616$426$291$46
31 years$1,169$828$574$391$263$38
32 years$1,120$783$536$360$238$32
33 years$1,075$742$500$331$215$27
34 years$1,032$703$467$304$195$23
35 years$991$667$437$280$177$19
36 years$953$633$409$258$160$16
37 years$917$601$382$238$145$13
38 years$883$571$358$219$131$11
39 years$851$543$336$202$119$9
40 years$820$517$315$186$108$8
41 years$791$492$295$172$98$7
42 years$764$468$277$159$89$6
43 years$738$446$260$146$81$5
44 years$713$425$244$135$73$4
45 years$689$406$229$125$67$3
46 years$667$387$215$115$60$3
47 years$645$369$202$107$55$2
48 years$624$353$190$98$50$2
49 years$605$337$178$91$45$2
50 years$586$322$168$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $600,000, adding $2,159 every year, while hoping to spend $35,346 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: 53/23/24 Blend
44$600,000$600,000$600,000$600,000
45$663,427$631,627$622,327$694,072
46$693,489$624,969$605,567$708,789
47$725,432$616,800$587,061$720,972
48$759,412$607,009$566,713$733,498
49$795,597$595,477$544,423$746,414
50$834,172$582,080$520,086$759,771
51$875,342$566,686$493,593$773,629
52$919,327$549,154$464,829$788,056
53$966,372$529,336$433,674$803,129
54$1,016,743$507,075$400,004$818,934
55$1,070,735$482,205$363,687$835,572
56$1,128,667$454,551$324,588$853,152
57$1,190,893$423,925$282,563$871,801
58$1,257,799$390,133$237,465$891,662
59$1,329,812$352,967$189,137$912,893
60$1,407,396$312,206$137,417$935,674
61$1,491,066$267,619$82,135$960,207
62$1,581,383$218,961$23,116$986,717
63$1,678,967$165,973$0$1,015,458
64$1,784,498$108,382$0$1,056,923
65$1,898,722$45,898$0$1,108,200
66$2,022,462$0$0$1,163,769
67$2,156,620$0$0$1,229,593
68$2,302,191$0$0$1,313,670
69$2,460,266$0$0$1,405,020
70$2,632,046$0$0$1,504,345
71$2,818,855$0$0$1,612,415
72$3,022,146$0$0$1,730,079
73$3,243,519$0$0$1,858,271
74$3,484,736$0$0$1,998,017
75$3,747,733$0$0$2,150,449
76$4,034,644$0$0$2,316,811
77$4,347,816$0$0$2,498,473
78$4,689,834$0$0$2,696,943
79$5,063,541$0$0$2,913,881
80$5,472,070$0$0$3,151,115
81$5,918,868$0$0$3,410,658
82$6,407,731$0$0$3,694,725
83$6,942,841$0$0$4,005,756
84$7,528,800$0$0$4,346,439
85$8,170,678$0$0$4,719,732
86$8,874,055$0$0$5,128,896
87$9,645,082$0$0$5,577,518
88$10,490,528$0$0$6,069,551
89$11,417,851$0$0$6,609,351
90$12,435,266$0$0$7,201,713
91$13,551,820$0$0$7,851,919
92$14,777,480$0$0$8,565,788
93$16,123,224$0$0$9,349,731
94$17,601,144$0$0$10,210,808
95$19,224,562$0$0$11,156,799
96$21,008,155$0$0$12,196,271
97$22,968,088$0$0$13,338,667
98$25,122,174$0$0$14,594,386
99$27,490,033$0$0$15,974,886
100$30,093,284$0$0$17,492,791