Can I retire at age 45 with 581,000?

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 $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$47,978$47,551$47,134$46,727$46,330$45,961
2 years$23,752$23,309$22,881$22,465$22,062$21,690
3 years$15,677$15,233$14,805$14,394$13,997$13,634
4 years$11,641$11,198$10,774$10,370$9,983$9,631
5 years$9,219$8,779$8,361$7,965$7,589$7,249
6 years$7,606$7,169$6,757$6,370$6,005$5,678
7 years$6,454$6,020$5,615$5,237$4,883$4,570
8 years$5,590$5,161$4,762$4,393$4,051$3,750
9 years$4,919$4,493$4,102$3,742$3,412$3,124
10 years$4,382$3,961$3,576$3,226$2,907$2,632
11 years$3,943$3,526$3,148$2,807$2,500$2,237
12 years$3,577$3,165$2,794$2,462$2,167$1,916
13 years$3,268$2,860$2,496$2,174$1,889$1,651
14 years$3,004$2,600$2,243$1,930$1,656$1,429
15 years$2,774$2,375$2,025$1,721$1,458$1,243
16 years$2,574$2,179$1,836$1,541$1,289$1,084
17 years$2,397$2,007$1,671$1,384$1,143$949
18 years$2,241$1,854$1,525$1,248$1,016$833
19 years$2,101$1,718$1,396$1,127$906$732
20 years$1,975$1,597$1,281$1,021$809$645
21 years$1,861$1,487$1,179$927$724$570
22 years$1,758$1,388$1,086$843$649$503
23 years$1,663$1,299$1,003$767$582$446
24 years$1,577$1,217$928$700$524$395
25 years$1,498$1,142$859$639$471$350
26 years$1,425$1,073$797$584$424$311
27 years$1,357$1,010$740$535$383$276
28 years$1,295$952$688$490$345$245
29 years$1,237$898$640$449$312$218
30 years$1,183$848$596$412$282$194
31 years$1,132$801$556$379$255$173
32 years$1,085$758$519$348$230$154
33 years$1,040$718$484$320$208$137
34 years$999$681$452$295$189$122
35 years$960$646$423$271$171$109
36 years$923$613$396$250$155$97
37 years$888$582$370$230$140$87
38 years$855$553$347$212$127$77
39 years$824$526$325$196$115$69
40 years$794$500$305$180$105$62
41 years$766$476$286$166$95$55
42 years$740$454$268$154$86$49
43 years$714$432$251$142$78$44
44 years$690$412$236$131$71$39
45 years$667$393$222$121$64$35
46 years$645$375$208$112$59$31
47 years$625$358$195$103$53$28
48 years$605$341$184$95$48$25
49 years$586$326$173$88$44$22
50 years$567$311$162$81$40$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $581,000, adding $4,371 every year, while hoping to spend $35,973 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: 67/17/16 Blend
44$581,000$581,000$581,000$581,000
45$644,771$613,978$604,972$685,219
46$672,262$605,788$586,964$704,588
47$701,352$595,991$567,146$721,141
48$732,166$584,470$545,422$738,347
49$764,840$571,102$521,686$756,268
50$799,523$555,755$495,832$774,973
51$836,379$538,292$467,747$794,539
52$875,587$518,565$437,314$815,053
53$917,341$496,420$404,408$836,610
54$961,857$471,691$368,903$859,320
55$1,009,368$444,205$330,662$883,300
56$1,060,131$413,779$289,547$908,687
57$1,114,428$380,217$245,410$935,628
58$1,172,567$343,316$198,099$964,289
59$1,234,887$302,857$147,454$994,857
60$1,301,760$258,611$93,308$1,027,535
61$1,373,592$210,335$35,486$1,062,554
62$1,450,831$157,775$0$1,100,169
63$1,533,969$100,658$0$1,145,137
64$1,623,543$38,701$0$1,200,055
65$1,720,148$0$0$1,259,240
66$1,824,432$0$0$1,328,429
67$1,937,112$0$0$1,411,038
68$2,058,973$0$0$1,500,408
69$2,190,878$0$0$1,597,174
70$2,333,777$0$0$1,702,039
71$2,488,713$0$0$1,815,771
72$2,656,836$0$0$1,939,217
73$2,839,406$0$0$2,073,309
74$3,037,813$0$0$2,219,072
75$3,253,585$0$0$2,377,633
76$3,488,401$0$0$2,550,232
77$3,744,112$0$0$2,738,234
78$4,022,751$0$0$2,943,139
79$4,326,560$0$0$3,166,602
80$4,658,001$0$0$3,410,441
81$5,019,789$0$0$3,676,658
82$5,414,910$0$0$3,967,457
83$5,846,650$0$0$4,285,264
84$6,318,630$0$0$4,632,752
85$6,834,833$0$0$5,012,861
86$7,399,648$0$0$5,428,829
87$8,017,906$0$0$5,884,222
88$8,694,926$0$0$6,382,968
89$9,436,566$0$0$6,929,390
90$10,249,279$0$0$7,528,251
91$11,140,169$0$0$8,184,796
92$12,117,062$0$0$8,904,802
93$13,188,577$0$0$9,694,630
94$14,364,207$0$0$10,561,289
95$15,654,408$0$0$11,512,499
96$17,070,700$0$0$12,556,762
97$18,625,768$0$0$13,703,444
98$20,333,590$0$0$14,962,863
99$22,209,562$0$0$16,346,385
100$24,270,645$0$0$17,866,532