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%16.7%
1 years$47,978$47,551$47,134$46,727$46,330$45,064
2 years$23,752$23,309$22,881$22,465$22,062$20,795
3 years$15,677$15,233$14,805$14,394$13,997$12,770
4 years$11,641$11,198$10,774$10,370$9,983$8,805
5 years$9,219$8,779$8,361$7,965$7,589$6,463
6 years$7,606$7,169$6,757$6,370$6,005$4,932
7 years$6,454$6,020$5,615$5,237$4,883$3,864
8 years$5,590$5,161$4,762$4,393$4,051$3,084
9 years$4,919$4,493$4,102$3,742$3,412$2,496
10 years$4,382$3,961$3,576$3,226$2,907$2,042
11 years$3,943$3,526$3,148$2,807$2,500$1,685
12 years$3,577$3,165$2,794$2,462$2,167$1,399
13 years$3,268$2,860$2,496$2,174$1,889$1,167
14 years$3,004$2,600$2,243$1,930$1,656$979
15 years$2,774$2,375$2,025$1,721$1,458$823
16 years$2,574$2,179$1,836$1,541$1,289$695
17 years$2,397$2,007$1,671$1,384$1,143$587
18 years$2,241$1,854$1,525$1,248$1,016$498
19 years$2,101$1,718$1,396$1,127$906$423
20 years$1,975$1,597$1,281$1,021$809$359
21 years$1,861$1,487$1,179$927$724$306
22 years$1,758$1,388$1,086$843$649$260
23 years$1,663$1,299$1,003$767$582$222
24 years$1,577$1,217$928$700$524$190
25 years$1,498$1,142$859$639$471$162
26 years$1,425$1,073$797$584$424$138
27 years$1,357$1,010$740$535$383$118
28 years$1,295$952$688$490$345$101
29 years$1,237$898$640$449$312$86
30 years$1,183$848$596$412$282$74
31 years$1,132$801$556$379$255$63
32 years$1,085$758$519$348$230$54
33 years$1,040$718$484$320$208$46
34 years$999$681$452$295$189$40
35 years$960$646$423$271$171$34
36 years$923$613$396$250$155$29
37 years$888$582$370$230$140$25
38 years$855$553$347$212$127$21
39 years$824$526$325$196$115$18
40 years$794$500$305$180$105$16
41 years$766$476$286$166$95$13
42 years$740$454$268$154$86$11
43 years$714$432$251$142$78$10
44 years$690$412$236$131$71$8
45 years$667$393$222$121$64$7
46 years$645$375$208$112$59$6
47 years$625$358$195$103$53$5
48 years$605$341$184$95$48$5
49 years$586$326$173$88$44$4
50 years$567$311$162$81$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $581,000, adding $3,922 every year, while hoping to spend $23,219 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: 52/36/12 Blend
44$581,000$581,000$581,000$581,000
45$644,308$613,515$604,509$675,571
46$685,322$618,872$600,055$702,692
47$729,742$623,714$594,674$729,366
48$777,890$627,990$588,310$757,842
49$830,121$631,648$580,905$788,297
50$886,825$634,630$572,397$820,926
51$948,433$636,879$562,723$855,945
52$1,015,415$638,328$551,817$893,591
53$1,088,293$638,911$539,608$934,129
54$1,167,637$638,556$526,023$977,849
55$1,254,076$637,186$510,986$1,025,075
56$1,348,304$634,720$494,416$1,076,162
57$1,451,082$631,072$476,230$1,131,504
58$1,563,249$626,151$456,340$1,191,537
59$1,685,728$619,860$434,654$1,256,741
60$1,819,534$612,096$411,078$1,327,649
61$1,965,788$602,750$385,510$1,404,847
62$2,125,721$591,706$357,847$1,488,986
63$2,300,688$578,844$327,979$1,580,783
64$2,492,184$564,033$295,791$1,681,031
65$2,701,852$547,136$261,166$1,790,606
66$2,931,503$528,008$223,977$1,910,475
67$3,183,132$506,496$184,096$2,041,706
68$3,458,935$482,437$141,386$2,185,481
69$3,761,329$455,660$95,706$2,343,103
70$4,092,980$425,982$46,907$2,516,011
71$4,456,821$393,213$0$2,705,796
72$4,856,084$357,147$0$2,914,874
73$5,294,329$317,572$0$3,150,975
74$5,775,477$274,259$0$3,410,247
75$6,303,847$226,970$0$3,695,074
76$6,884,199$175,450$0$4,008,089
77$7,521,773$119,433$0$4,352,193
78$8,222,344$58,636$0$4,730,588
79$8,992,274$0$0$5,146,808
80$9,838,571$0$0$5,607,617
81$10,768,957$0$0$6,139,812
82$11,791,938$0$0$6,725,037
83$12,916,886$0$0$7,368,663
84$14,154,128$0$0$8,076,605
85$15,515,039$0$0$8,855,381
86$17,012,154$0$0$9,712,175
87$18,659,285$0$0$10,654,898
88$20,471,648$0$0$11,692,269
89$22,466,009$0$0$12,833,895
90$24,660,841$0$0$14,090,361
91$27,076,500$0$0$15,473,330
92$29,735,415$0$0$16,995,653
93$32,662,298$0$0$18,671,490
94$35,884,380$0$0$20,516,445
95$39,431,666$0$0$22,547,709
96$43,337,217$0$0$24,784,228
97$47,637,467$0$0$27,246,876
98$52,372,557$0$0$29,958,656
99$57,586,722$0$0$32,944,915
100$63,328,705$0$0$36,233,581