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%17.7%
1 years$47,896$47,469$47,053$46,647$46,250$44,805
2 years$23,711$23,269$22,841$22,426$22,024$20,581
3 years$15,650$15,207$14,780$14,369$13,973$12,578
4 years$11,621$11,179$10,756$10,352$9,966$8,628
5 years$9,204$8,764$8,347$7,951$7,576$6,300
6 years$7,593$7,157$6,746$6,359$5,994$4,781
7 years$6,443$6,010$5,606$5,228$4,875$3,725
8 years$5,580$5,152$4,754$4,385$4,044$2,956
9 years$4,910$4,486$4,095$3,735$3,406$2,378
10 years$4,374$3,954$3,570$3,220$2,902$1,933
11 years$3,936$3,520$3,143$2,802$2,496$1,584
12 years$3,571$3,159$2,789$2,458$2,163$1,307
13 years$3,263$2,855$2,492$2,170$1,886$1,083
14 years$2,998$2,595$2,239$1,926$1,653$902
15 years$2,770$2,371$2,022$1,718$1,456$753
16 years$2,570$2,175$1,833$1,538$1,287$631
17 years$2,393$2,003$1,668$1,382$1,141$530
18 years$2,237$1,851$1,522$1,246$1,014$446
19 years$2,097$1,715$1,394$1,125$904$376
20 years$1,971$1,594$1,279$1,019$808$317
21 years$1,858$1,485$1,177$925$723$268
22 years$1,754$1,386$1,084$841$648$226
23 years$1,660$1,296$1,001$766$581$191
24 years$1,574$1,215$926$699$523$162
25 years$1,495$1,140$858$638$470$137
26 years$1,422$1,071$795$583$424$116
27 years$1,355$1,008$739$534$382$99
28 years$1,293$950$687$489$345$84
29 years$1,235$896$639$449$311$71
30 years$1,181$846$595$412$281$60
31 years$1,130$800$555$378$254$51
32 years$1,083$757$518$348$230$43
33 years$1,039$717$483$320$208$37
34 years$997$680$452$294$188$31
35 years$958$645$422$271$171$27
36 years$921$612$395$249$155$23
37 years$886$581$370$230$140$19
38 years$854$552$346$212$127$16
39 years$822$525$324$195$115$14
40 years$793$500$304$180$104$12
41 years$765$476$285$166$95$10
42 years$738$453$267$153$86$8
43 years$713$431$251$142$78$7
44 years$689$411$236$131$71$6
45 years$666$392$221$121$64$5
46 years$644$374$208$111$58$4
47 years$624$357$195$103$53$4
48 years$604$341$183$95$48$3
49 years$585$326$172$88$44$3
50 years$566$311$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $580,000, adding $2,725 every year, while hoping to spend $41,096 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: 48/28/24 Blend
44$580,000$580,000$580,000$580,000
45$641,971$611,231$602,241$668,289
46$663,726$597,455$578,690$673,200
47$686,323$581,627$552,973$674,222
48$709,804$563,603$524,974$674,504
49$734,214$543,230$494,571$673,995
50$759,603$520,348$461,638$672,642
51$786,022$494,784$426,042$670,389
52$813,528$466,360$387,646$667,179
53$842,180$434,884$346,304$662,953
54$872,043$400,154$301,866$657,647
55$903,187$361,957$254,174$651,197
56$935,687$320,067$203,064$643,536
57$969,623$274,247$148,363$634,593
58$1,005,084$224,245$89,892$624,298
59$1,042,163$169,793$27,465$612,575
60$1,080,964$110,613$0$599,347
61$1,121,595$46,406$0$594,563
62$1,164,178$0$0$596,271
63$1,208,841$0$0$604,533
64$1,255,727$0$0$628,234
65$1,304,988$0$0$653,158
66$1,356,791$0$0$679,390
67$1,411,317$0$0$707,025
68$1,468,762$0$0$736,167
69$1,529,342$0$0$766,928
70$1,593,290$0$0$799,430
71$1,660,861$0$0$833,806
72$1,732,334$0$0$870,204
73$1,808,012$0$0$908,781
74$1,888,227$0$0$949,713
75$1,973,341$0$0$993,189
76$2,063,752$0$0$1,039,418
77$2,159,892$0$0$1,088,627
78$2,262,236$0$0$1,141,066
79$2,371,303$0$0$1,197,008
80$2,487,662$0$0$1,256,752
81$2,611,936$0$0$1,320,625
82$2,744,808$0$0$1,388,988
83$2,887,026$0$0$1,462,234
84$3,039,410$0$0$1,540,796
85$3,202,863$0$0$1,625,147
86$3,378,370$0$0$1,715,809
87$3,567,017$0$0$1,813,352
88$3,769,994$0$0$1,918,405
89$3,988,607$0$0$2,031,656
90$4,224,292$0$0$2,153,861
91$4,478,625$0$0$2,285,854
92$4,753,340$0$0$2,428,548
93$5,050,339$0$0$2,582,946
94$5,371,714$0$0$2,750,154
95$5,719,767$0$0$2,931,385
96$6,097,026$0$0$3,127,974
97$6,506,271$0$0$3,341,389
98$6,950,560$0$0$3,573,246
99$7,433,257$0$0$3,825,318
100$7,958,063$0$0$4,099,562