Can I retire at age 45 with 583,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$48,144$47,715$47,296$46,888$46,489$45,738
2 years$23,833$23,390$22,959$22,542$22,138$21,383
3 years$15,731$15,285$14,856$14,443$14,045$13,310
4 years$11,681$11,236$10,812$10,405$10,017$9,308
5 years$9,251$8,809$8,390$7,992$7,615$6,933
6 years$7,632$7,194$6,781$6,392$6,025$5,372
7 years$6,476$6,041$5,635$5,255$4,900$4,276
8 years$5,609$5,178$4,779$4,408$4,065$3,469
9 years$4,935$4,509$4,116$3,755$3,423$2,856
10 years$4,397$3,974$3,588$3,237$2,917$2,377
11 years$3,956$3,538$3,159$2,817$2,509$1,996
12 years$3,590$3,176$2,804$2,471$2,174$1,688
13 years$3,279$2,870$2,505$2,181$1,896$1,435
14 years$3,014$2,609$2,251$1,936$1,662$1,226
15 years$2,784$2,383$2,032$1,727$1,463$1,052
16 years$2,583$2,186$1,842$1,546$1,293$905
17 years$2,406$2,013$1,676$1,389$1,147$781
18 years$2,248$1,861$1,530$1,252$1,020$676
19 years$2,108$1,724$1,401$1,131$909$586
20 years$1,981$1,602$1,286$1,025$812$508
21 years$1,867$1,493$1,183$930$726$442
22 years$1,764$1,393$1,090$845$651$385
23 years$1,669$1,303$1,006$770$584$335
24 years$1,583$1,221$931$702$525$293
25 years$1,503$1,146$862$641$473$255
26 years$1,430$1,077$800$586$426$223
27 years$1,362$1,013$742$537$384$195
28 years$1,299$955$690$492$346$171
29 years$1,241$901$642$451$313$149
30 years$1,187$851$598$414$283$131
31 years$1,136$804$558$380$256$115
32 years$1,089$761$520$349$231$100
33 years$1,044$721$486$321$209$88
34 years$1,002$683$454$296$189$77
35 years$963$648$424$272$172$68
36 years$926$615$397$251$155$59
37 years$891$584$372$231$141$52
38 years$858$555$348$213$128$46
39 years$827$528$326$196$116$40
40 years$797$502$306$181$105$35
41 years$769$478$287$167$95$31
42 years$742$455$269$154$86$27
43 years$717$434$252$142$78$24
44 years$693$413$237$131$71$21
45 years$670$394$222$121$65$18
46 years$648$376$209$112$59$16
47 years$627$359$196$104$53$14
48 years$607$343$184$96$48$12
49 years$588$327$173$88$44$11
50 years$569$313$163$82$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $583,000, adding $5,940 every year, while hoping to spend $23,105 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: 59/34/7 Blend
44$583,000$583,000$583,000$583,000
45$648,593$617,694$608,658$685,557
46$690,166$623,378$604,464$716,743
47$735,205$628,565$599,356$747,568
48$784,039$633,208$593,277$780,599
49$837,031$637,255$586,172$816,047
50$894,577$640,650$577,978$854,148
51$957,117$643,334$568,633$895,161
52$1,025,131$645,246$558,071$939,372
53$1,099,151$646,319$546,222$987,097
54$1,179,758$646,482$533,014$1,038,685
55$1,267,594$645,661$518,371$1,094,521
56$1,363,366$643,776$502,214$1,155,030
57$1,467,851$640,743$484,460$1,220,681
58$1,581,904$636,471$465,021$1,291,993
59$1,706,467$630,867$443,808$1,369,536
60$1,842,577$623,829$420,726$1,453,944
61$1,991,374$615,251$395,674$1,545,912
62$2,154,115$605,020$368,551$1,646,209
63$2,332,184$593,016$339,247$1,755,685
64$2,527,105$579,111$307,649$1,875,277
65$2,740,553$563,171$273,639$2,006,019
66$2,974,378$545,055$237,094$2,149,052
67$3,230,613$524,611$197,885$2,305,637
68$3,511,498$501,679$155,877$2,477,163
69$3,819,502$476,093$110,930$2,665,165
70$4,157,341$447,672$62,896$2,871,335
71$4,528,011$416,228$11,624$3,097,542
72$4,934,807$381,562$0$3,345,846
73$5,381,361$343,463$0$3,621,742
74$5,871,676$301,708$0$3,925,654
75$6,410,157$256,062$0$4,259,496
76$7,001,659$206,276$0$4,626,335
77$7,651,532$152,086$0$5,029,556
78$8,365,665$93,216$0$5,472,888
79$9,150,552$29,372$0$5,960,450
80$10,013,342$0$0$6,496,778
81$10,961,913$0$0$7,101,754
82$12,004,946$0$0$7,779,111
83$13,152,003$0$0$8,524,077
84$14,413,621$0$0$9,343,502
85$15,801,407$0$0$10,244,932
86$17,328,152$0$0$11,236,683
87$19,007,947$0$0$12,327,916
88$20,856,319$0$0$13,528,724
89$22,890,376$0$0$14,850,231
90$25,128,969$0$0$16,304,691
91$27,592,867$0$0$17,905,608
92$30,304,956$0$0$19,667,861
93$33,290,454$0$0$21,607,843
94$36,577,145$0$0$23,743,620
95$40,195,647$0$0$26,095,098
96$44,179,697$0$0$28,684,209
97$48,566,469$0$0$31,535,123
98$53,396,926$0$0$34,674,472
99$58,716,204$0$0$38,131,602
100$64,574,042$0$0$41,938,849