Can I retire at age 45 with 585,000?

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 $585,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$48,309$47,878$47,459$47,049$46,649$46,123
2 years$23,915$23,470$23,038$22,620$22,214$21,685
3 years$15,785$15,338$14,907$14,493$14,093$13,577
4 years$11,721$11,275$10,849$10,441$10,051$9,552
5 years$9,283$8,840$8,419$8,020$7,641$7,160
6 years$7,658$7,218$6,804$6,413$6,046$5,584
7 years$6,498$6,062$5,654$5,273$4,917$4,474
8 years$5,628$5,196$4,795$4,423$4,079$3,655
9 years$4,952$4,524$4,130$3,768$3,435$3,030
10 years$4,412$3,988$3,601$3,248$2,927$2,541
11 years$3,970$3,550$3,170$2,827$2,517$2,149
12 years$3,602$3,186$2,813$2,479$2,181$1,831
13 years$3,291$2,880$2,513$2,189$1,902$1,570
14 years$3,024$2,617$2,258$1,943$1,668$1,352
15 years$2,793$2,391$2,039$1,733$1,468$1,169
16 years$2,592$2,194$1,849$1,552$1,298$1,015
17 years$2,414$2,020$1,682$1,394$1,151$883
18 years$2,256$1,867$1,536$1,256$1,023$770
19 years$2,115$1,730$1,406$1,135$912$674
20 years$1,988$1,608$1,290$1,028$814$590
21 years$1,874$1,498$1,187$933$729$518
22 years$1,770$1,398$1,094$848$653$455
23 years$1,675$1,308$1,010$773$586$400
24 years$1,588$1,225$934$705$527$352
25 years$1,508$1,150$865$644$474$310
26 years$1,435$1,080$802$588$427$274
27 years$1,367$1,017$745$539$385$242
28 years$1,304$958$693$493$348$214
29 years$1,245$904$644$453$314$189
30 years$1,191$854$600$415$284$167
31 years$1,140$807$560$381$256$148
32 years$1,092$764$522$351$232$131
33 years$1,048$723$488$322$210$116
34 years$1,006$685$456$297$190$102
35 years$966$650$426$273$172$91
36 years$929$617$398$251$156$80
37 years$894$586$373$232$141$71
38 years$861$557$349$214$128$63
39 years$830$530$327$197$116$56
40 years$800$504$307$182$105$49
41 years$772$480$288$168$96$44
42 years$745$457$270$155$87$39
43 years$719$435$253$143$79$34
44 years$695$415$238$132$71$31
45 years$672$396$223$122$65$27
46 years$650$377$210$112$59$24
47 years$629$360$197$104$53$21
48 years$609$344$185$96$49$19
49 years$590$328$174$89$44$17
50 years$571$314$163$82$40$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $585,000, adding $2,569 every year, while hoping to spend $46,356 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: 44/45/11 Blend
44$585,000$585,000$585,000$585,000
45$647,320$616,315$607,247$673,652
46$664,024$597,192$578,268$673,100
47$680,879$575,578$546,764$667,598
48$697,849$551,303$512,602$660,597
49$714,898$524,185$475,642$651,977
50$731,981$494,033$435,739$641,611
51$749,047$460,645$392,741$629,361
52$766,040$423,807$346,487$615,081
53$782,895$383,292$296,813$598,613
54$799,538$338,861$243,545$579,791
55$815,888$290,262$186,500$558,433
56$831,852$237,228$125,491$534,348
57$847,325$179,477$60,320$507,330
58$862,192$116,711$0$477,158
59$876,320$48,614$0$444,679
60$889,565$0$0$416,184
61$901,762$0$0$396,789
62$912,729$0$0$400,833
63$922,263$0$0$404,141
64$930,137$0$0$406,603
65$936,099$0$0$408,095
66$939,869$0$0$408,481
67$941,134$0$0$407,606
68$939,548$0$0$405,302
69$934,726$0$0$401,381
70$926,242$0$0$395,634
71$913,623$0$0$387,830
72$896,342$0$0$377,713
73$873,819$0$0$365,000
74$845,410$0$0$349,375
75$810,400$0$0$330,493
76$768,000$0$0$307,966
77$717,335$0$0$281,371
78$657,440$0$0$250,236
79$587,243$0$0$214,040
80$505,563$0$0$172,207
81$411,092$0$0$124,103
82$302,385$0$0$69,023
83$177,844$0$0$6,192
84$35,706$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0