Can I retire at age 45 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$49,960$49,515$49,081$48,657$48,244$46,366
2 years$24,733$24,272$23,826$23,393$22,973$21,104
3 years$16,325$15,862$15,417$14,988$14,575$12,774
4 years$12,122$11,660$11,220$10,798$10,395$8,675
5 years$9,600$9,142$8,707$8,294$7,902$6,268
6 years$7,920$7,465$7,036$6,633$6,253$4,705
7 years$6,720$6,269$5,847$5,453$5,085$3,623
8 years$5,821$5,374$4,959$4,575$4,219$2,841
9 years$5,122$4,679$4,271$3,896$3,553$2,258
10 years$4,563$4,124$3,724$3,359$3,027$1,813
11 years$4,106$3,672$3,278$2,923$2,603$1,467
12 years$3,725$3,295$2,909$2,564$2,256$1,194
13 years$3,403$2,978$2,599$2,264$1,967$976
14 years$3,128$2,707$2,336$2,009$1,725$801
15 years$2,889$2,473$2,109$1,792$1,518$660
16 years$2,680$2,269$1,912$1,605$1,342$545
17 years$2,497$2,089$1,740$1,442$1,190$451
18 years$2,333$1,931$1,588$1,299$1,058$374
19 years$2,187$1,789$1,454$1,174$943$310
20 years$2,056$1,663$1,334$1,063$842$258
21 years$1,938$1,549$1,227$965$754$214
22 years$1,830$1,446$1,131$877$676$178
23 years$1,732$1,352$1,044$799$607$148
24 years$1,642$1,267$966$729$545$124
25 years$1,560$1,189$895$666$491$103
26 years$1,484$1,117$830$609$442$86
27 years$1,414$1,052$770$557$398$72
28 years$1,348$991$716$510$359$60
29 years$1,288$935$667$468$325$50
30 years$1,232$883$621$430$293$42
31 years$1,179$835$579$394$265$35
32 years$1,130$790$540$363$240$29
33 years$1,083$748$504$333$217$24
34 years$1,040$709$471$307$197$20
35 years$999$672$440$282$178$17
36 years$961$638$412$260$161$14
37 years$925$606$386$240$146$12
38 years$890$576$361$221$133$10
39 years$858$548$338$204$120$8
40 years$827$521$317$188$109$7
41 years$798$496$297$173$99$6
42 years$770$472$279$160$90$5
43 years$744$450$262$148$81$4
44 years$719$429$246$136$74$3
45 years$695$409$231$126$67$3
46 years$672$390$217$116$61$2
47 years$650$372$204$107$55$2
48 years$630$356$191$99$50$2
49 years$610$340$180$92$46$1
50 years$591$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 $605,000, adding $4,462 every year, while hoping to spend $26,396 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: 49/46/5 Blend
44$605,000$605,000$605,000$605,000
45$671,313$639,248$629,870$703,165
46$711,701$642,486$622,886$728,601
47$755,325$644,998$614,782$753,016
48$802,486$646,720$605,495$778,901
49$853,516$647,586$594,956$806,399
50$908,780$647,523$583,092$835,669
51$968,679$646,455$569,830$866,887
52$1,033,655$644,302$555,090$900,249
53$1,104,193$640,978$538,790$935,971
54$1,180,827$636,392$520,846$974,293
55$1,264,143$630,448$501,166$1,015,481
56$1,354,788$623,042$479,658$1,059,829
57$1,453,473$614,067$456,223$1,107,665
58$1,560,979$603,409$430,758$1,159,349
59$1,678,168$590,944$403,157$1,215,283
60$1,805,985$576,545$373,307$1,275,909
61$1,945,474$560,074$341,091$1,341,719
62$2,097,782$541,387$306,388$1,413,257
63$2,264,173$520,332$269,069$1,491,124
64$2,446,037$496,746$229,000$1,575,986
65$2,644,904$470,459$186,044$1,668,581
66$2,862,461$441,288$140,053$1,769,723
67$3,100,564$409,044$90,877$1,880,316
68$3,361,257$373,522$38,357$2,001,356
69$3,646,790$334,509$0$2,133,947
70$3,959,643$291,780$0$2,280,255
71$4,302,543$245,094$0$2,442,928
72$4,678,499$194,200$0$2,621,422
73$5,090,821$138,831$0$2,817,394
74$5,543,155$78,704$0$3,032,678
75$6,039,520$13,523$0$3,269,300
76$6,584,339$0$0$3,529,498
77$7,182,486$0$0$3,844,608
78$7,839,330$0$0$4,198,226
79$8,560,786$0$0$4,586,700
80$9,353,369$0$0$5,013,546
81$10,224,255$0$0$5,482,639
82$11,181,352$0$0$5,998,248
83$12,233,372$0$0$6,565,074
84$13,389,910$0$0$7,188,300
85$14,661,540$0$0$7,873,632
86$16,059,912$0$0$8,627,360
87$17,597,858$0$0$9,456,413
88$19,289,519$0$0$10,368,425
89$21,150,476$0$0$11,371,807
90$23,197,893$0$0$12,475,827
91$25,450,683$0$0$13,690,696
92$27,929,686$0$0$15,027,665
93$30,657,863$0$0$16,499,131
94$33,660,514$0$0$18,118,754
95$36,965,515$0$0$19,901,585
96$40,603,582$0$0$21,864,209
97$44,608,561$0$0$24,024,898
98$49,017,745$0$0$26,403,791
99$53,872,229$0$0$29,023,073
100$59,217,291$0$0$31,907,194