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%11.3%
1 years$48,061$47,633$47,215$46,808$46,409$46,156
2 years$23,793$23,349$22,920$22,504$22,100$21,844
3 years$15,704$15,259$14,831$14,418$14,021$13,771
4 years$11,661$11,217$10,793$10,388$10,000$9,757
5 years$9,235$8,794$8,376$7,979$7,602$7,367
6 years$7,619$7,181$6,769$6,381$6,015$5,789
7 years$6,465$6,031$5,625$5,246$4,892$4,674
8 years$5,600$5,169$4,770$4,401$4,058$3,850
9 years$4,927$4,501$4,109$3,748$3,418$3,218
10 years$4,389$3,967$3,582$3,231$2,912$2,721
11 years$3,950$3,532$3,154$2,812$2,504$2,321
12 years$3,583$3,170$2,799$2,467$2,170$1,996
13 years$3,274$2,865$2,501$2,178$1,893$1,726
14 years$3,009$2,604$2,247$1,933$1,659$1,500
15 years$2,779$2,379$2,028$1,724$1,461$1,310
16 years$2,578$2,183$1,839$1,544$1,291$1,147
17 years$2,402$2,010$1,674$1,387$1,145$1,008
18 years$2,245$1,857$1,528$1,250$1,018$889
19 years$2,104$1,721$1,399$1,129$907$785
20 years$1,978$1,600$1,284$1,023$810$695
21 years$1,864$1,490$1,181$928$725$616
22 years$1,761$1,391$1,088$844$650$547
23 years$1,666$1,301$1,005$769$583$486
24 years$1,580$1,219$929$701$524$433
25 years$1,500$1,144$861$640$472$385
26 years$1,427$1,075$798$585$425$344
27 years$1,360$1,012$741$536$383$307
28 years$1,297$953$689$491$346$274
29 years$1,239$899$641$450$312$245
30 years$1,185$849$597$413$282$219
31 years$1,134$803$557$379$255$196
32 years$1,087$760$519$349$231$175
33 years$1,042$719$485$321$209$157
34 years$1,001$682$453$295$189$141
35 years$961$647$424$272$171$126
36 years$924$614$396$250$155$113
37 years$889$583$371$230$141$101
38 years$856$554$347$212$127$91
39 years$825$527$325$196$116$81
40 years$796$501$305$181$105$73
41 years$768$477$286$167$95$66
42 years$741$454$268$154$86$59
43 years$716$433$252$142$78$53
44 years$691$413$236$131$71$47
45 years$669$394$222$121$65$43
46 years$647$375$208$112$59$38
47 years$626$358$196$103$53$34
48 years$606$342$184$95$48$31
49 years$587$327$173$88$44$28
50 years$568$312$163$82$40$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $582,000, adding $5,370 every year, while hoping to spend $40,538 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: 81/11/8 Blend
44$582,000$582,000$582,000$582,000
45$646,903$616,057$607,036$698,213
46$669,755$603,112$584,240$719,647
47$693,579$588,174$559,321$737,252
48$718,432$571,102$532,166$755,348
49$744,375$551,748$502,656$773,962
50$771,472$529,955$470,666$793,125
51$799,795$505,555$436,066$812,871
52$829,420$478,374$398,720$833,234
53$860,431$448,224$358,487$854,258
54$892,916$414,909$315,218$875,987
55$926,974$378,220$268,759$898,471
56$962,710$337,937$218,946$921,765
57$1,000,238$293,827$165,613$945,932
58$1,039,683$245,645$108,581$971,040
59$1,081,180$193,131$47,668$997,164
60$1,124,876$136,011$0$1,024,388
61$1,170,932$73,994$0$1,054,286
62$1,219,522$6,775$0$1,089,919
63$1,270,837$0$0$1,127,348
64$1,325,084$0$0$1,174,703
65$1,382,490$0$0$1,225,689
66$1,443,302$0$0$1,279,708
67$1,507,790$0$0$1,337,000
68$1,576,251$0$0$1,397,830
69$1,649,006$0$0$1,462,484
70$1,726,409$0$0$1,531,278
71$1,808,848$0$0$1,604,557
72$1,896,745$0$0$1,682,699
73$1,990,565$0$0$1,766,118
74$2,090,815$0$0$1,855,266
75$2,198,053$0$0$1,950,641
76$2,312,890$0$0$2,052,788
77$2,435,995$0$0$2,162,304
78$2,568,103$0$0$2,279,845
79$2,710,021$0$0$2,406,130
80$2,862,633$0$0$2,541,949
81$3,026,912$0$0$2,688,168
82$3,203,924$0$0$2,845,741
83$3,394,842$0$0$3,015,713
84$3,600,954$0$0$3,199,233
85$3,823,674$0$0$3,397,563
86$4,064,556$0$0$3,612,091
87$4,325,312$0$0$3,844,342
88$4,607,819$0$0$4,095,993
89$4,914,143$0$0$4,368,887
90$5,246,556$0$0$4,665,052
91$5,607,558$0$0$4,986,719
92$5,999,896$0$0$5,336,339
93$6,426,595$0$0$5,716,610
94$6,890,979$0$0$6,130,503
95$7,396,711$0$0$6,581,282
96$7,947,817$0$0$7,072,544
97$8,548,730$0$0$7,608,243
98$9,204,329$0$0$8,192,734
99$9,919,982$0$0$8,830,809
100$10,701,603$0$0$9,527,744