Can I retire at age 45 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$48,061$47,633$47,215$46,808$46,409$44,763
2 years$23,793$23,349$22,920$22,504$22,100$20,458
3 years$15,704$15,259$14,831$14,418$14,021$12,436
4 years$11,661$11,217$10,793$10,388$10,000$8,484
5 years$9,235$8,794$8,376$7,979$7,602$6,159
6 years$7,619$7,181$6,769$6,381$6,015$4,646
7 years$6,465$6,031$5,625$5,246$4,892$3,597
8 years$5,600$5,169$4,770$4,401$4,058$2,836
9 years$4,927$4,501$4,109$3,748$3,418$2,266
10 years$4,389$3,967$3,582$3,231$2,912$1,830
11 years$3,950$3,532$3,154$2,812$2,504$1,489
12 years$3,583$3,170$2,799$2,467$2,170$1,219
13 years$3,274$2,865$2,501$2,178$1,893$1,003
14 years$3,009$2,604$2,247$1,933$1,659$829
15 years$2,779$2,379$2,028$1,724$1,461$687
16 years$2,578$2,183$1,839$1,544$1,291$571
17 years$2,402$2,010$1,674$1,387$1,145$475
18 years$2,245$1,857$1,528$1,250$1,018$397
19 years$2,104$1,721$1,399$1,129$907$331
20 years$1,978$1,600$1,284$1,023$810$277
21 years$1,864$1,490$1,181$928$725$232
22 years$1,761$1,391$1,088$844$650$195
23 years$1,666$1,301$1,005$769$583$163
24 years$1,580$1,219$929$701$524$137
25 years$1,500$1,144$861$640$472$115
26 years$1,427$1,075$798$585$425$97
27 years$1,360$1,012$741$536$383$81
28 years$1,297$953$689$491$346$68
29 years$1,239$899$641$450$312$57
30 years$1,185$849$597$413$282$48
31 years$1,134$803$557$379$255$41
32 years$1,087$760$519$349$231$34
33 years$1,042$719$485$321$209$29
34 years$1,001$682$453$295$189$24
35 years$961$647$424$272$171$20
36 years$924$614$396$250$155$17
37 years$889$583$371$230$141$14
38 years$856$554$347$212$127$12
39 years$825$527$325$196$116$10
40 years$796$501$305$181$105$9
41 years$768$477$286$167$95$7
42 years$741$454$268$154$86$6
43 years$716$433$252$142$78$5
44 years$691$413$236$131$71$4
45 years$669$394$222$121$65$4
46 years$647$375$208$112$59$3
47 years$626$358$196$103$53$3
48 years$606$342$184$95$48$2
49 years$587$327$173$88$44$2
50 years$568$312$163$82$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $582,000, adding $2,563 every year, while hoping to spend $40,912 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: 66/10/24 Blend
44$582,000$582,000$582,000$582,000
45$644,008$613,162$604,141$682,359
46$666,166$599,677$580,849$694,990
47$689,214$584,160$555,407$703,924
48$713,198$566,468$527,697$712,753
49$738,170$546,450$497,600$721,468
50$764,184$523,947$464,990$730,060
51$791,299$498,788$429,736$738,522
52$819,578$470,796$391,699$746,848
53$849,091$439,780$350,736$755,031
54$879,910$405,541$306,698$763,068
55$912,115$367,867$259,426$770,955
56$945,792$326,534$208,759$778,692
57$981,035$281,306$154,524$786,278
58$1,017,944$231,934$96,544$793,717
59$1,056,628$178,152$34,632$801,014
60$1,097,206$119,683$0$808,178
61$1,139,806$56,233$0$823,273
62$1,184,567$0$0$848,251
63$1,231,642$0$0$875,688
64$1,281,196$0$0$911,096
65$1,333,408$0$0$948,417
66$1,388,474$0$0$987,793
67$1,446,606$0$0$1,029,379
68$1,508,039$0$0$1,073,343
69$1,573,024$0$0$1,119,868
70$1,641,840$0$0$1,169,156
71$1,714,788$0$0$1,221,426
72$1,792,200$0$0$1,276,918
73$1,874,437$0$0$1,335,892
74$1,961,894$0$0$1,398,638
75$2,055,004$0$0$1,465,468
76$2,154,240$0$0$1,536,725
77$2,260,122$0$0$1,612,787
78$2,373,217$0$0$1,694,066
79$2,494,150$0$0$1,781,013
80$2,623,601$0$0$1,874,125
81$2,762,320$0$0$1,973,946
82$2,911,129$0$0$2,081,070
83$3,070,928$0$0$2,196,153
84$3,242,707$0$0$2,319,914
85$3,427,552$0$0$2,453,140
86$3,626,655$0$0$2,596,698
87$3,841,325$0$0$2,751,539
88$4,073,001$0$0$2,918,709
89$4,323,264$0$0$3,099,354
90$4,593,850$0$0$3,294,738
91$4,886,669$0$0$3,506,248
92$5,203,820$0$0$3,735,408
93$5,547,609$0$0$3,983,895
94$5,920,573$0$0$4,253,554
95$6,325,505$0$0$4,546,412
96$6,765,472$0$0$4,864,699
97$7,243,850$0$0$5,210,871
98$7,764,355$0$0$5,587,626
99$8,331,072$0$0$5,997,935
100$8,948,499$0$0$6,445,068