Can I retire at age 45 with 584,000?

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 $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%12.3%
1 years$48,226$47,797$47,377$46,968$46,569$46,121
2 years$23,874$23,430$22,999$22,581$22,176$21,724
3 years$15,758$15,312$14,882$14,468$14,069$13,629
4 years$11,701$11,256$10,830$10,423$10,034$9,608
5 years$9,267$8,825$8,405$8,006$7,628$7,217
6 years$7,645$7,206$6,792$6,403$6,036$5,640
7 years$6,487$6,052$5,644$5,264$4,909$4,529
8 years$5,619$5,187$4,787$4,416$4,072$3,709
9 years$4,944$4,516$4,123$3,761$3,429$3,082
10 years$4,404$3,981$3,594$3,242$2,922$2,590
11 years$3,963$3,544$3,164$2,822$2,513$2,197
12 years$3,596$3,181$2,808$2,475$2,178$1,877
13 years$3,285$2,875$2,509$2,185$1,899$1,613
14 years$3,019$2,613$2,254$1,940$1,665$1,393
15 years$2,789$2,387$2,035$1,730$1,466$1,208
16 years$2,587$2,190$1,845$1,549$1,295$1,051
17 years$2,410$2,017$1,679$1,392$1,149$917
18 years$2,252$1,864$1,533$1,254$1,021$802
19 years$2,111$1,727$1,403$1,133$910$704
20 years$1,985$1,605$1,288$1,026$813$618
21 years$1,870$1,495$1,185$931$728$544
22 years$1,767$1,396$1,092$847$652$479
23 years$1,672$1,305$1,008$771$585$423
24 years$1,585$1,223$932$703$526$374
25 years$1,506$1,148$864$642$474$330
26 years$1,432$1,079$801$587$427$292
27 years$1,364$1,015$744$538$385$259
28 years$1,302$957$691$493$347$229
29 years$1,243$902$643$452$313$203
30 years$1,189$852$599$415$283$180
31 years$1,138$806$559$381$256$160
32 years$1,090$762$521$350$232$142
33 years$1,046$722$487$322$210$126
34 years$1,004$684$455$296$190$112
35 years$965$649$425$273$172$100
36 years$928$616$398$251$156$88
37 years$893$585$372$231$141$79
38 years$859$556$349$213$128$70
39 years$828$529$327$197$116$62
40 years$798$503$306$181$105$55
41 years$770$479$287$167$95$49
42 years$744$456$269$154$87$44
43 years$718$434$253$143$79$39
44 years$694$414$237$132$71$35
45 years$671$395$223$122$65$31
46 years$649$377$209$112$59$27
47 years$628$360$197$104$53$24
48 years$608$343$185$96$49$22
49 years$589$328$174$89$44$19
50 years$570$313$163$82$40$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $584,000, adding $6,316 every year, while hoping to spend $23,057 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: 77/15/8 Blend
44$584,000$584,000$584,000$584,000
45$650,083$619,131$610,079$698,906
46$691,859$624,936$605,984$737,679
47$737,123$630,253$600,979$776,579
48$786,208$635,033$595,010$818,558
49$839,476$639,225$588,018$863,913
50$897,330$642,774$579,944$912,970
51$960,210$645,622$570,725$966,090
52$1,028,602$647,708$560,294$1,023,669
53$1,103,038$648,965$548,583$1,086,143
54$1,184,107$649,323$535,520$1,153,995
55$1,272,455$648,709$521,028$1,227,754
56$1,368,792$647,042$505,030$1,308,006
57$1,473,902$644,241$487,442$1,395,394
58$1,588,647$640,215$468,177$1,490,630
59$1,713,974$634,871$447,146$1,594,494
60$1,850,928$628,108$424,254$1,707,851
61$2,000,658$619,821$399,403$1,831,650
62$2,164,431$609,898$372,488$1,966,940
63$2,343,639$598,218$343,402$2,114,875
64$2,539,817$584,658$312,033$2,276,728
65$2,754,654$569,082$278,262$2,453,903
66$2,990,012$551,350$241,967$2,647,946
67$3,247,939$531,313$203,019$2,860,561
68$3,530,693$508,811$161,284$3,093,629
69$3,840,759$483,678$116,622$3,349,221
70$4,180,874$455,736$68,887$3,629,618
71$4,554,054$424,798$17,926$3,937,339
72$4,963,621$390,667$0$4,275,158
73$5,413,233$353,132$0$4,649,244
74$5,906,920$311,973$0$5,061,691
75$6,449,122$266,955$0$5,514,698
76$7,044,728$217,832$0$6,012,376
77$7,699,127$164,342$0$6,559,254
78$8,418,253$106,210$0$7,160,327
79$9,208,646$43,145$0$7,821,095
80$10,077,508$0$0$8,547,624
81$11,032,775$0$0$9,350,749
82$12,083,192$0$0$10,241,724
83$13,238,392$0$0$11,221,599
84$14,508,987$0$0$12,299,381
85$15,906,671$0$0$13,484,992
86$17,444,329$0$0$14,789,364
87$19,136,156$0$0$16,224,542
88$20,997,794$0$0$17,803,799
89$23,046,476$0$0$19,541,757
90$25,301,191$0$0$21,454,528
91$27,782,862$0$0$23,559,867
92$30,514,543$0$0$25,877,335
93$33,521,637$0$0$28,428,488
94$36,832,135$0$0$31,237,075
95$40,476,880$0$0$34,329,268
96$44,489,857$0$0$37,733,904
97$48,908,513$0$0$41,482,759
98$53,774,115$0$0$45,610,848
99$59,132,131$0$0$50,156,752
100$65,032,666$0$0$55,162,986