Can I retire at age 45 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$49,878$49,433$49,000$48,577$48,164$46,308
2 years$24,692$24,232$23,786$23,354$22,935$21,087
3 years$16,298$15,836$15,391$14,963$14,551$12,770
4 years$12,102$11,641$11,201$10,780$10,378$8,676
5 years$9,584$9,127$8,692$8,280$7,889$6,272
6 years$7,907$7,453$7,025$6,622$6,242$4,711
7 years$6,709$6,259$5,838$5,444$5,077$3,630
8 years$5,811$5,365$4,951$4,567$4,212$2,848
9 years$5,113$4,671$4,264$3,890$3,547$2,265
10 years$4,555$4,117$3,718$3,353$3,022$1,819
11 years$4,099$3,665$3,273$2,918$2,599$1,473
12 years$3,719$3,290$2,905$2,560$2,252$1,200
13 years$3,398$2,973$2,595$2,260$1,964$982
14 years$3,122$2,702$2,332$2,006$1,722$807
15 years$2,884$2,469$2,105$1,789$1,516$665
16 years$2,676$2,265$1,909$1,602$1,340$549
17 years$2,492$2,086$1,737$1,439$1,188$455
18 years$2,329$1,928$1,585$1,297$1,056$377
19 years$2,184$1,786$1,451$1,172$941$313
20 years$2,053$1,660$1,332$1,062$841$260
21 years$1,934$1,546$1,225$963$753$217
22 years$1,827$1,443$1,129$876$675$180
23 years$1,729$1,350$1,043$798$606$150
24 years$1,640$1,265$964$728$544$125
25 years$1,557$1,187$893$664$490$105
26 years$1,481$1,116$828$608$441$87
27 years$1,411$1,050$769$556$398$73
28 years$1,346$989$715$510$359$61
29 years$1,286$933$665$467$324$51
30 years$1,229$881$620$429$293$42
31 years$1,177$833$578$394$265$35
32 years$1,128$788$539$362$239$30
33 years$1,082$747$503$333$217$25
34 years$1,038$708$470$306$196$21
35 years$998$671$440$282$178$17
36 years$959$637$411$260$161$14
37 years$923$605$385$239$146$12
38 years$889$575$361$220$132$10
39 years$856$547$338$203$120$8
40 years$826$520$317$188$109$7
41 years$797$495$297$173$99$6
42 years$769$472$278$160$90$5
43 years$743$449$261$147$81$4
44 years$718$428$245$136$74$3
45 years$694$408$230$126$67$3
46 years$671$390$216$116$61$2
47 years$649$372$203$107$55$2
48 years$629$355$191$99$50$2
49 years$609$339$180$92$46$1
50 years$590$324$169$85$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $604,000, adding $4,086 every year, while hoping to spend $35,337 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: 34/48/18 Blend
44$604,000$604,000$604,000$604,000
45$669,823$637,811$628,449$688,759
46$700,546$631,465$611,903$696,683
47$733,219$623,624$593,620$701,652
48$768,004$614,178$573,502$706,264
49$805,075$603,008$551,449$710,509
50$844,629$589,991$527,359$714,376
51$886,876$574,996$501,120$717,860
52$932,049$557,882$472,620$720,955
53$980,404$538,504$441,738$723,662
54$1,032,219$516,704$408,350$725,983
55$1,087,801$492,319$372,326$727,926
56$1,147,487$465,173$333,529$729,504
57$1,211,646$435,082$291,817$730,736
58$1,280,684$401,850$247,043$731,647
59$1,355,044$365,272$199,050$732,273
60$1,435,218$325,129$147,677$732,657
61$1,521,740$281,191$92,754$732,851
62$1,615,202$233,214$34,106$732,923
63$1,716,252$180,940$0$732,951
64$1,825,602$124,099$0$738,500
65$1,944,036$62,402$0$751,557
66$2,072,416$0$0$765,736
67$2,211,688$0$0$783,581
68$2,362,894$0$0$838,814
69$2,527,180$0$0$898,904
70$2,705,806$0$0$964,320
71$2,900,159$0$0$1,035,581
72$3,111,765$0$0$1,113,257
73$3,342,301$0$0$1,197,976
74$3,593,616$0$0$1,290,428
75$3,867,743$0$0$1,391,373
76$4,166,919$0$0$1,501,648
77$4,493,609$0$0$1,622,174
78$4,850,523$0$0$1,753,965
79$5,240,647$0$0$1,898,139
80$5,667,268$0$0$2,055,924
81$6,134,005$0$0$2,228,675
82$6,644,842$0$0$2,417,883
83$7,204,167$0$0$2,625,189
84$7,816,813$0$0$2,852,402
85$8,488,099$0$0$3,101,513
86$9,223,887$0$0$3,374,716
87$10,030,631$0$0$3,674,426
88$10,915,438$0$0$4,003,304
89$11,886,138$0$0$4,364,281
90$12,951,356$0$0$4,760,587
91$14,120,590$0$0$5,195,777
92$15,404,304$0$0$5,673,768
93$16,814,025$0$0$6,198,878
94$18,362,449$0$0$6,775,860
95$20,063,565$0$0$7,409,953
96$21,932,781$0$0$8,106,925
97$23,987,073$0$0$8,873,136
98$26,245,143$0$0$9,715,587
99$28,727,594$0$0$10,641,997
100$31,457,128$0$0$11,660,867