Can I retire at age 45 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$47,896$47,469$47,053$46,647$46,250$45,805
2 years$23,711$23,269$22,841$22,426$22,024$21,576
3 years$15,650$15,207$14,780$14,369$13,973$13,535
4 years$11,621$11,179$10,756$10,352$9,966$9,542
5 years$9,204$8,764$8,347$7,951$7,576$7,167
6 years$7,593$7,157$6,746$6,359$5,994$5,602
7 years$6,443$6,010$5,606$5,228$4,875$4,498
8 years$5,580$5,152$4,754$4,385$4,044$3,684
9 years$4,910$4,486$4,095$3,735$3,406$3,061
10 years$4,374$3,954$3,570$3,220$2,902$2,573
11 years$3,936$3,520$3,143$2,802$2,496$2,182
12 years$3,571$3,159$2,789$2,458$2,163$1,864
13 years$3,263$2,855$2,492$2,170$1,886$1,602
14 years$2,998$2,595$2,239$1,926$1,653$1,383
15 years$2,770$2,371$2,022$1,718$1,456$1,199
16 years$2,570$2,175$1,833$1,538$1,287$1,044
17 years$2,393$2,003$1,668$1,382$1,141$911
18 years$2,237$1,851$1,522$1,246$1,014$797
19 years$2,097$1,715$1,394$1,125$904$699
20 years$1,971$1,594$1,279$1,019$808$614
21 years$1,858$1,485$1,177$925$723$540
22 years$1,754$1,386$1,084$841$648$476
23 years$1,660$1,296$1,001$766$581$420
24 years$1,574$1,215$926$699$523$371
25 years$1,495$1,140$858$638$470$328
26 years$1,422$1,071$795$583$424$290
27 years$1,355$1,008$739$534$382$257
28 years$1,293$950$687$489$345$228
29 years$1,235$896$639$449$311$202
30 years$1,181$846$595$412$281$179
31 years$1,130$800$555$378$254$159
32 years$1,083$757$518$348$230$141
33 years$1,039$717$483$320$208$125
34 years$997$680$452$294$188$111
35 years$958$645$422$271$171$99
36 years$921$612$395$249$155$88
37 years$886$581$370$230$140$78
38 years$854$552$346$212$127$69
39 years$822$525$324$195$115$62
40 years$793$500$304$180$104$55
41 years$765$476$285$166$95$49
42 years$738$453$267$153$86$43
43 years$713$431$251$142$78$39
44 years$689$411$236$131$71$34
45 years$666$392$221$121$64$31
46 years$644$374$208$111$58$27
47 years$624$357$195$103$53$24
48 years$604$341$183$95$48$22
49 years$585$326$172$88$44$19
50 years$566$311$162$81$40$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $580,000, adding $5,220 every year, while hoping to spend $33,858 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: 56/25/19 Blend
44$580,000$580,000$580,000$580,000
45$644,544$613,804$604,814$677,088
46$674,263$607,856$589,051$693,909
47$705,879$600,482$571,625$708,150
48$739,548$591,575$552,444$722,914
49$775,445$581,025$531,414$738,262
50$813,758$568,713$508,433$754,258
51$854,694$554,512$483,399$770,978
52$898,480$538,291$456,200$788,505
53$945,365$519,908$426,723$806,933
54$995,623$499,214$394,849$826,369
55$1,049,553$476,052$360,453$846,932
56$1,107,484$450,254$323,404$868,755
57$1,169,776$421,645$283,567$891,989
58$1,236,825$390,039$240,799$916,800
59$1,309,068$355,237$194,952$943,378
60$1,386,981$317,031$145,871$971,931
61$1,471,089$275,202$93,394$1,002,694
62$1,561,969$229,516$37,352$1,035,929
63$1,660,255$179,728$0$1,071,928
64$1,766,644$125,577$0$1,115,570
65$1,881,901$66,790$0$1,171,041
66$2,006,869$3,077$0$1,231,206
67$2,142,474$0$0$1,296,554
68$2,289,734$0$0$1,385,752
69$2,449,769$0$0$1,483,653
70$2,623,812$0$0$1,590,171
71$2,813,218$0$0$1,706,143
72$3,019,480$0$0$1,832,488
73$3,244,239$0$0$1,970,218
74$3,489,302$0$0$2,120,448
75$3,756,657$0$0$2,284,402
76$4,048,492$0$0$2,463,432
77$4,367,218$0$0$2,659,022
78$4,715,486$0$0$2,872,809
79$5,096,215$0$0$3,106,593
80$5,512,621$0$0$3,362,356
81$5,968,243$0$0$3,642,282
82$6,466,979$0$0$3,948,776
83$7,013,120$0$0$4,284,483
84$7,611,392$0$0$4,652,320
85$8,267,001$0$0$5,055,497
86$8,985,677$0$0$5,497,551
87$9,773,736$0$0$5,982,375
88$10,638,129$0$0$6,514,260
89$11,586,515$0$0$7,097,930
90$12,627,331$0$0$7,738,589
91$13,769,868$0$0$8,441,971
92$15,024,363$0$0$9,214,390
93$16,402,090$0$0$10,062,804
94$17,915,470$0$0$10,994,874
95$19,578,186$0$0$12,019,045
96$21,405,313$0$0$13,144,615
97$23,413,456$0$0$14,381,832
98$25,620,911$0$0$15,741,984
99$28,047,834$0$0$17,237,507
100$30,716,431$0$0$18,882,103