Can I retire at age 45 with 583,000?

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 $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$48,144$47,715$47,296$46,888$46,489$45,237
2 years$23,833$23,390$22,959$22,542$22,138$20,885
3 years$15,731$15,285$14,856$14,443$14,045$12,831
4 years$11,681$11,236$10,812$10,405$10,017$8,851
5 years$9,251$8,809$8,390$7,992$7,615$6,500
6 years$7,632$7,194$6,781$6,392$6,025$4,963
7 years$6,476$6,041$5,635$5,255$4,900$3,891
8 years$5,609$5,178$4,779$4,408$4,065$3,107
9 years$4,935$4,509$4,116$3,755$3,423$2,517
10 years$4,397$3,974$3,588$3,237$2,917$2,060
11 years$3,956$3,538$3,159$2,817$2,509$1,700
12 years$3,590$3,176$2,804$2,471$2,174$1,413
13 years$3,279$2,870$2,505$2,181$1,896$1,180
14 years$3,014$2,609$2,251$1,936$1,662$990
15 years$2,784$2,383$2,032$1,727$1,463$833
16 years$2,583$2,186$1,842$1,546$1,293$704
17 years$2,406$2,013$1,676$1,389$1,147$595
18 years$2,248$1,861$1,530$1,252$1,020$505
19 years$2,108$1,724$1,401$1,131$909$429
20 years$1,981$1,602$1,286$1,025$812$365
21 years$1,867$1,493$1,183$930$726$311
22 years$1,764$1,393$1,090$845$651$265
23 years$1,669$1,303$1,006$770$584$226
24 years$1,583$1,221$931$702$525$193
25 years$1,503$1,146$862$641$473$165
26 years$1,430$1,077$800$586$426$141
27 years$1,362$1,013$742$537$384$121
28 years$1,299$955$690$492$346$103
29 years$1,241$901$642$451$313$88
30 years$1,187$851$598$414$283$76
31 years$1,136$804$558$380$256$65
32 years$1,089$761$520$349$231$56
33 years$1,044$721$486$321$209$48
34 years$1,002$683$454$296$189$41
35 years$963$648$424$272$172$35
36 years$926$615$397$251$155$30
37 years$891$584$372$231$141$26
38 years$858$555$348$213$128$22
39 years$827$528$326$196$116$19
40 years$797$502$306$181$105$16
41 years$769$478$287$167$95$14
42 years$742$455$269$154$86$12
43 years$717$434$252$142$78$10
44 years$693$413$237$131$71$9
45 years$670$394$222$121$65$7
46 years$648$376$209$112$59$6
47 years$627$359$196$104$53$6
48 years$607$343$184$96$48$5
49 years$588$327$173$88$44$4
50 years$569$313$163$82$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $583,000, adding $2,586 every year, while hoping to spend $26,593 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: 78/10/12 Blend
44$583,000$583,000$583,000$583,000
45$645,133$614,234$605,198$693,785
46$682,642$616,037$597,177$727,960
47$723,086$617,037$587,997$761,769
48$766,735$617,166$577,589$798,092
49$813,888$616,354$565,885$837,170
50$864,873$614,523$552,810$879,268
51$920,049$611,594$538,288$924,676
52$979,813$607,480$522,239$973,716
53$1,044,598$602,092$504,579$1,026,743
54$1,114,885$595,332$485,220$1,084,146
55$1,191,198$587,098$464,070$1,146,356
56$1,274,117$577,282$441,033$1,213,848
57$1,364,278$565,771$416,009$1,287,143
58$1,462,383$552,441$388,893$1,366,819
59$1,569,200$537,166$359,575$1,453,512
60$1,685,579$519,807$327,942$1,547,920
61$1,812,453$500,223$293,873$1,650,818
62$1,950,849$478,259$257,243$1,763,057
63$2,101,897$453,756$217,923$1,885,574
64$2,266,843$426,541$175,775$2,019,406
65$2,447,055$396,436$130,657$2,165,693
66$2,644,041$363,249$82,421$2,325,694
67$2,859,464$326,778$30,913$2,500,795
68$3,095,150$286,811$0$2,692,526
69$3,353,112$243,121$0$2,905,652
70$3,635,568$195,473$0$3,143,377
71$3,944,958$143,613$0$3,403,809
72$4,283,970$87,277$0$3,689,232
73$4,655,566$26,184$0$4,002,161
74$5,063,005$0$0$4,345,368
75$5,509,878$0$0$4,726,303
76$6,000,142$0$0$5,147,407
77$6,538,154$0$0$5,609,542
78$7,128,711$0$0$6,116,834
79$7,777,100$0$0$6,673,826
80$8,489,145$0$0$7,285,523
81$9,271,260$0$0$7,957,438
82$10,130,512$0$0$8,695,646
83$11,074,685$0$0$9,506,837
84$12,112,356$0$0$10,398,384
85$13,252,973$0$0$11,378,406
86$14,506,946$0$0$12,455,851
87$15,885,742$0$0$13,640,576
88$17,401,996$0$0$14,943,441
89$19,069,630$0$0$16,376,412
90$20,903,980$0$0$17,952,671
91$22,921,945$0$0$19,686,743
92$25,142,144$0$0$21,594,632
93$27,585,091$0$0$23,693,971
94$30,273,391$0$0$26,004,187
95$33,231,947$0$0$28,546,689
96$36,488,202$0$0$31,345,064
97$40,072,393$0$0$34,425,300
98$44,017,836$0$0$37,816,037
99$48,361,244$0$0$41,548,829
100$53,143,068$0$0$45,658,445