Can I retire at age 45 with 603,000?

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 $603,000?

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$49,795$49,352$48,919$48,497$48,084$47,113
2 years$24,651$24,192$23,747$23,316$22,897$21,923
3 years$16,271$15,810$15,366$14,939$14,527$13,580
4 years$12,081$11,622$11,182$10,762$10,361$9,449
5 years$9,569$9,112$8,678$8,267$7,876$7,001
6 years$7,894$7,440$7,013$6,611$6,232$5,396
7 years$6,698$6,248$5,828$5,435$5,068$4,270
8 years$5,802$5,356$4,943$4,559$4,205$3,445
9 years$5,105$4,663$4,257$3,884$3,541$2,819
10 years$4,548$4,111$3,711$3,348$3,017$2,332
11 years$4,092$3,659$3,267$2,913$2,595$1,946
12 years$3,713$3,284$2,900$2,556$2,249$1,635
13 years$3,392$2,968$2,591$2,256$1,961$1,381
14 years$3,117$2,698$2,328$2,003$1,719$1,172
15 years$2,879$2,465$2,102$1,786$1,513$998
16 years$2,672$2,261$1,905$1,599$1,338$853
17 years$2,488$2,083$1,734$1,437$1,186$731
18 years$2,326$1,924$1,583$1,295$1,054$628
19 years$2,180$1,783$1,449$1,170$940$540
20 years$2,049$1,657$1,330$1,060$840$465
21 years$1,931$1,544$1,223$962$751$402
22 years$1,824$1,441$1,127$874$673$347
23 years$1,726$1,348$1,041$796$605$300
24 years$1,637$1,263$963$726$543$260
25 years$1,555$1,185$892$663$489$225
26 years$1,479$1,114$827$607$440$195
27 years$1,409$1,048$768$555$397$169
28 years$1,344$988$714$509$358$147
29 years$1,284$932$664$466$324$127
30 years$1,227$880$619$428$292$111
31 years$1,175$832$577$393$264$96
32 years$1,126$787$538$361$239$83
33 years$1,080$745$503$332$216$72
34 years$1,037$706$470$306$196$63
35 years$996$670$439$281$177$55
36 years$958$636$411$259$161$48
37 years$922$604$384$239$146$41
38 years$887$574$360$220$132$36
39 years$855$546$337$203$120$31
40 years$824$519$316$187$109$27
41 years$795$494$296$173$99$24
42 years$768$471$278$159$89$21
43 years$741$449$261$147$81$18
44 years$716$428$245$136$74$16
45 years$693$408$230$125$67$14
46 years$670$389$216$116$61$12
47 years$648$371$203$107$55$10
48 years$628$354$191$99$50$9
49 years$608$338$179$91$45$8
50 years$589$323$168$85$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $603,000, adding $4,967 every year, while hoping to spend $40,142 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: 80/5/15 Blend
44$603,000$603,000$603,000$603,000
45$669,629$637,670$628,324$720,741
46$695,221$626,206$606,662$743,603
47$722,077$612,833$582,929$763,019
48$750,285$597,418$557,013$783,185
49$779,939$579,816$528,798$804,158
50$811,141$559,875$498,160$826,001
51$844,002$537,434$464,974$848,786
52$878,644$512,322$429,104$872,588
53$915,199$484,359$390,413$897,495
54$953,811$453,355$348,753$923,599
55$994,637$419,107$303,974$951,007
56$1,037,849$381,402$255,916$979,833
57$1,083,634$340,015$204,413$1,010,206
58$1,132,196$294,707$149,293$1,042,266
59$1,183,760$245,228$90,374$1,076,169
60$1,238,570$191,310$27,468$1,112,089
61$1,296,894$132,674$0$1,150,216
62$1,359,024$69,022$0$1,197,109
63$1,425,282$42$0$1,251,758
64$1,496,019$0$0$1,310,055
65$1,571,619$0$0$1,376,424
66$1,652,506$0$0$1,447,446
67$1,739,141$0$0$1,523,528
68$1,832,033$0$0$1,605,115
69$1,931,738$0$0$1,692,700
70$2,038,867$0$0$1,786,820
71$2,154,091$0$0$1,888,066
72$2,278,147$0$0$1,997,088
73$2,411,843$0$0$2,114,597
74$2,556,068$0$0$2,241,378
75$2,711,797$0$0$2,378,290
76$2,880,104$0$0$2,526,277
77$3,062,167$0$0$2,686,380
78$3,259,281$0$0$2,859,739
79$3,472,871$0$0$3,047,611
80$3,704,504$0$0$3,251,375
81$3,955,901$0$0$3,472,549
82$4,228,958$0$0$3,712,804
83$4,525,756$0$0$3,973,976
84$4,848,590$0$0$4,258,084
85$5,199,981$0$0$4,567,353
86$5,582,705$0$0$4,904,228
87$5,999,814$0$0$5,271,400
88$6,454,670$0$0$5,671,833
89$6,950,972$0$0$6,108,787
90$7,492,791$0$0$6,585,850
91$8,084,610$0$0$7,106,974
92$8,731,362$0$0$7,676,508
93$9,438,480$0$0$8,299,240
94$10,211,944$0$0$8,980,441
95$11,058,340$0$0$9,725,918
96$11,984,918$0$0$10,542,061
97$12,999,665$0$0$11,435,911
98$14,111,372$0$0$12,415,218
99$15,329,725$0$0$13,488,518
100$16,665,388$0$0$14,665,214