Can I retire at age 45 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$47,813$47,387$46,972$46,566$46,170$45,841
2 years$23,670$23,229$22,802$22,388$21,986$21,654
3 years$15,623$15,180$14,754$14,344$13,949$13,624
4 years$11,601$11,159$10,737$10,334$9,948$9,634
5 years$9,188$8,749$8,333$7,938$7,563$7,259
6 years$7,580$7,144$6,734$6,348$5,984$5,692
7 years$6,431$6,000$5,596$5,219$4,867$4,586
8 years$5,571$5,143$4,746$4,378$4,037$3,768
9 years$4,902$4,478$4,088$3,729$3,400$3,142
10 years$4,367$3,947$3,564$3,214$2,897$2,650
11 years$3,929$3,514$3,137$2,798$2,491$2,256
12 years$3,565$3,154$2,784$2,454$2,159$1,934
13 years$3,257$2,850$2,488$2,166$1,883$1,669
14 years$2,993$2,591$2,235$1,923$1,650$1,447
15 years$2,765$2,367$2,018$1,715$1,453$1,260
16 years$2,565$2,171$1,830$1,536$1,284$1,101
17 years$2,389$2,000$1,665$1,380$1,139$965
18 years$2,233$1,848$1,520$1,243$1,013$848
19 years$2,093$1,713$1,391$1,124$902$746
20 years$1,968$1,591$1,277$1,018$806$659
21 years$1,854$1,482$1,175$924$721$582
22 years$1,751$1,384$1,082$840$647$515
23 years$1,658$1,294$999$765$580$457
24 years$1,572$1,212$924$697$522$405
25 years$1,493$1,138$856$637$469$360
26 years$1,420$1,069$794$582$423$320
27 years$1,353$1,006$737$533$381$285
28 years$1,290$948$685$488$344$254
29 years$1,233$895$638$448$311$226
30 years$1,179$845$594$411$281$201
31 years$1,128$799$554$378$254$180
32 years$1,081$756$517$347$230$160
33 years$1,037$716$483$319$208$143
34 years$995$678$451$294$188$128
35 years$956$643$422$270$170$114
36 years$920$611$394$249$154$102
37 years$885$580$369$229$140$91
38 years$852$551$346$211$127$81
39 years$821$524$324$195$115$73
40 years$792$499$304$180$104$65
41 years$764$475$285$166$95$58
42 years$737$452$267$153$86$52
43 years$712$431$251$141$78$46
44 years$688$411$235$130$71$42
45 years$665$392$221$120$64$37
46 years$643$374$207$111$58$33
47 years$622$356$195$103$53$30
48 years$603$340$183$95$48$27
49 years$584$325$172$88$44$24
50 years$565$310$162$81$40$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $579,000, adding $6,684 every year, while hoping to spend $44,711 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: 43/47/10 Blend
44$579,000$579,000$579,000$579,000
45$644,953$614,266$605,291$670,541
46$663,166$596,792$577,996$671,562
47$681,738$576,965$548,288$667,621
48$700,659$554,619$516,040$662,346
49$719,915$529,585$481,116$655,631
50$739,491$501,679$443,378$647,364
51$759,367$470,709$402,679$637,426
52$779,521$436,472$358,867$625,691
53$799,925$398,753$311,782$612,024
54$820,549$357,323$261,259$596,280
55$841,355$311,943$207,121$578,305
56$862,303$262,358$149,190$557,937
57$883,345$208,300$87,274$534,999
58$904,425$149,485$21,176$509,308
59$925,480$85,614$0$480,663
60$946,441$16,371$0$454,120
61$967,227$0$0$426,941
62$987,746$0$0$426,942
63$1,007,897$0$0$435,196
64$1,027,565$0$0$443,180
65$1,046,619$0$0$450,831
66$1,064,917$0$0$458,080
67$1,082,294$0$0$464,848
68$1,098,569$0$0$471,048
69$1,113,539$0$0$476,582
70$1,126,979$0$0$481,342
71$1,138,635$0$0$485,205
72$1,148,225$0$0$488,038
73$1,155,438$0$0$489,690
74$1,159,925$0$0$489,994
75$1,161,298$0$0$488,766
76$1,159,127$0$0$485,799
77$1,152,936$0$0$480,866
78$1,142,193$0$0$473,714
79$1,126,312$0$0$464,061
80$1,104,641$0$0$451,598
81$1,076,459$0$0$435,981
82$1,040,964$0$0$416,827
83$997,273$0$0$393,715
84$944,404$0$0$366,179
85$881,272$0$0$333,701
86$806,679$0$0$295,711
87$719,295$0$0$251,578
88$617,654$0$0$200,602
89$500,133$0$0$142,013
90$364,938$0$0$74,958
91$210,088$0$0$0
92$33,393$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0