Can I retire at age 45 with 584,000?

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 $584,000?

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$48,226$47,797$47,377$46,968$46,569$45,296
2 years$23,874$23,430$22,999$22,581$22,176$20,903
3 years$15,758$15,312$14,882$14,468$14,069$12,836
4 years$11,701$11,256$10,830$10,423$10,034$8,850
5 years$9,267$8,825$8,405$8,006$7,628$6,496
6 years$7,645$7,206$6,792$6,403$6,036$4,957
7 years$6,487$6,052$5,644$5,264$4,909$3,884
8 years$5,619$5,187$4,787$4,416$4,072$3,100
9 years$4,944$4,516$4,123$3,761$3,429$2,509
10 years$4,404$3,981$3,594$3,242$2,922$2,053
11 years$3,963$3,544$3,164$2,822$2,513$1,693
12 years$3,596$3,181$2,808$2,475$2,178$1,406
13 years$3,285$2,875$2,509$2,185$1,899$1,174
14 years$3,019$2,613$2,254$1,940$1,665$984
15 years$2,789$2,387$2,035$1,730$1,466$828
16 years$2,587$2,190$1,845$1,549$1,295$698
17 years$2,410$2,017$1,679$1,392$1,149$590
18 years$2,252$1,864$1,533$1,254$1,021$500
19 years$2,111$1,727$1,403$1,133$910$425
20 years$1,985$1,605$1,288$1,026$813$361
21 years$1,870$1,495$1,185$931$728$307
22 years$1,767$1,396$1,092$847$652$262
23 years$1,672$1,305$1,008$771$585$223
24 years$1,585$1,223$932$703$526$190
25 years$1,506$1,148$864$642$474$163
26 years$1,432$1,079$801$587$427$139
27 years$1,364$1,015$744$538$385$119
28 years$1,302$957$691$493$347$102
29 years$1,243$902$643$452$313$87
30 years$1,189$852$599$415$283$74
31 years$1,138$806$559$381$256$64
32 years$1,090$762$521$350$232$54
33 years$1,046$722$487$322$210$47
34 years$1,004$684$455$296$190$40
35 years$965$649$425$273$172$34
36 years$928$616$398$251$156$29
37 years$893$585$372$231$141$25
38 years$859$556$349$213$128$21
39 years$828$529$327$197$116$18
40 years$798$503$306$181$105$16
41 years$770$479$287$167$95$13
42 years$744$456$269$154$87$12
43 years$718$434$253$143$79$10
44 years$694$414$237$132$71$8
45 years$671$395$223$122$65$7
46 years$649$377$209$112$59$6
47 years$628$360$197$104$53$5
48 years$608$343$185$96$49$5
49 years$589$328$174$89$44$4
50 years$570$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 $584,000, adding $3,120 every year, while hoping to spend $43,355 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: 61/17/22 Blend
44$584,000$584,000$584,000$584,000
45$646,786$615,834$606,782$682,318
46$666,629$599,881$580,980$690,790
47$687,043$581,692$552,860$694,989
48$708,040$561,114$522,300$698,602
49$729,633$537,981$489,170$701,579
50$751,833$512,120$453,335$703,867
51$774,653$483,347$414,654$705,410
52$798,103$451,467$372,981$706,146
53$822,196$416,275$328,162$706,011
54$846,940$377,553$280,036$704,937
55$872,346$335,071$228,435$702,853
56$898,423$288,587$173,185$699,680
57$925,178$237,843$114,102$695,337
58$952,618$182,569$50,997$689,736
59$980,748$122,479$0$682,786
60$1,009,574$57,269$0$678,226
61$1,039,096$0$0$685,138
62$1,069,316$0$0$693,980
63$1,100,231$0$0$713,980
64$1,131,839$0$0$734,420
65$1,164,130$0$0$755,295
66$1,197,096$0$0$776,597
67$1,230,723$0$0$798,315
68$1,264,992$0$0$820,438
69$1,299,882$0$0$842,950
70$1,335,366$0$0$865,831
71$1,371,410$0$0$889,058
72$1,407,975$0$0$912,603
73$1,445,016$0$0$936,436
74$1,482,477$0$0$960,518
75$1,520,297$0$0$984,806
76$1,558,403$0$0$1,009,251
77$1,596,711$0$0$1,033,795
78$1,635,126$0$0$1,058,372
79$1,673,539$0$0$1,082,910
80$1,711,827$0$0$1,107,322
81$1,749,849$0$0$1,131,514
82$1,787,447$0$0$1,155,378
83$1,824,442$0$0$1,178,792
84$1,860,633$0$0$1,201,620
85$1,895,793$0$0$1,223,707
86$1,929,669$0$0$1,244,883
87$1,961,976$0$0$1,264,954
88$1,992,396$0$0$1,283,704
89$2,020,574$0$0$1,300,893
90$2,046,111$0$0$1,316,253
91$2,068,566$0$0$1,329,483
92$2,087,444$0$0$1,340,250
93$2,102,197$0$0$1,348,183
94$2,112,211$0$0$1,352,869
95$2,116,809$0$0$1,353,849
96$2,115,233$0$0$1,350,613
97$2,106,646$0$0$1,342,595
98$2,090,116$0$0$1,329,167
99$2,064,611$0$0$1,309,633
100$2,028,985$0$0$1,283,220