Can I retire at age 45 with 586,000?

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 $586,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$48,391$47,960$47,540$47,129$46,728$45,251
2 years$23,956$23,510$23,078$22,658$22,252$20,776
3 years$15,812$15,364$14,933$14,517$14,117$12,691
4 years$11,741$11,294$10,867$10,459$10,069$8,701
5 years$9,299$8,855$8,433$8,033$7,654$6,350
6 years$7,671$7,231$6,815$6,424$6,056$4,817
7 years$6,509$6,072$5,664$5,282$4,925$3,750
8 years$5,638$5,205$4,803$4,431$4,086$2,974
9 years$4,961$4,532$4,137$3,774$3,441$2,391
10 years$4,419$3,995$3,607$3,253$2,932$1,943
11 years$3,977$3,556$3,175$2,831$2,522$1,591
12 years$3,608$3,192$2,818$2,483$2,185$1,312
13 years$3,296$2,885$2,518$2,193$1,906$1,087
14 years$3,029$2,622$2,262$1,946$1,670$904
15 years$2,798$2,395$2,042$1,736$1,471$755
16 years$2,596$2,198$1,852$1,554$1,300$632
17 years$2,418$2,024$1,685$1,396$1,153$530
18 years$2,260$1,870$1,538$1,258$1,025$445
19 years$2,119$1,733$1,408$1,137$913$375
20 years$1,992$1,611$1,292$1,030$816$316
21 years$1,877$1,500$1,189$935$730$267
22 years$1,773$1,400$1,096$850$654$225
23 years$1,678$1,310$1,012$774$587$190
24 years$1,591$1,227$936$706$528$161
25 years$1,511$1,152$866$645$475$136
26 years$1,437$1,082$804$589$428$115
27 years$1,369$1,019$746$540$386$98
28 years$1,306$960$694$494$348$83
29 years$1,247$905$646$453$314$70
30 years$1,193$855$601$416$284$60
31 years$1,142$808$561$382$257$50
32 years$1,094$765$523$351$232$43
33 years$1,049$724$488$323$210$36
34 years$1,007$687$456$297$190$31
35 years$968$651$427$274$172$26
36 years$931$618$399$252$156$22
37 years$896$587$374$232$142$19
38 years$862$558$350$214$128$16
39 years$831$530$328$197$116$14
40 years$801$505$307$182$106$12
41 years$773$480$288$168$96$10
42 years$746$458$270$155$87$8
43 years$721$436$254$143$79$7
44 years$696$416$238$132$72$6
45 years$673$396$223$122$65$5
46 years$651$378$210$113$59$4
47 years$630$361$197$104$54$4
48 years$610$344$185$96$49$3
49 years$591$329$174$89$44$3
50 years$572$314$164$82$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $586,000, adding $3,564 every year, while hoping to spend $44,123 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: 57/30/13 Blend
44$586,000$586,000$586,000$586,000
45$649,448$618,390$609,307$684,132
46$668,745$601,745$582,773$691,357
47$688,532$582,805$553,870$694,057
48$708,812$561,412$522,474$695,962
49$729,586$537,397$488,453$697,005
50$750,857$510,582$451,669$697,110
51$772,623$480,779$411,978$696,200
52$794,882$447,789$369,231$694,190
53$817,631$411,401$323,271$690,990
54$840,862$371,393$273,934$686,506
55$864,568$327,529$221,048$680,633
56$888,737$279,561$164,436$673,264
57$913,355$227,226$103,911$664,281
58$938,403$170,246$39,279$653,560
59$963,861$108,329$0$640,969
60$989,702$41,165$0$630,484
61$1,015,897$0$0$623,916
62$1,042,408$0$0$626,104
63$1,069,194$0$0$642,026
64$1,096,208$0$0$658,063
65$1,123,392$0$0$674,177
66$1,150,683$0$0$690,329
67$1,178,008$0$0$706,470
68$1,205,284$0$0$722,549
69$1,232,417$0$0$738,504
70$1,259,299$0$0$754,267
71$1,285,809$0$0$769,762
72$1,311,813$0$0$784,902
73$1,337,158$0$0$799,590
74$1,361,670$0$0$813,717
75$1,385,159$0$0$827,161
76$1,407,409$0$0$839,785
77$1,428,178$0$0$851,437
78$1,447,199$0$0$861,946
79$1,464,169$0$0$871,122
80$1,478,756$0$0$878,754
81$1,490,585$0$0$884,606
82$1,499,242$0$0$888,416
83$1,504,266$0$0$889,892
84$1,505,143$0$0$888,711
85$1,501,305$0$0$884,512
86$1,492,117$0$0$876,898
87$1,476,880$0$0$865,426
88$1,454,814$0$0$849,604
89$1,425,057$0$0$828,889
90$1,386,654$0$0$802,680
91$1,338,545$0$0$770,308
92$1,279,557$0$0$731,036
93$1,208,395$0$0$684,045
94$1,123,621$0$0$628,433
95$1,023,647$0$0$563,199
96$906,716$0$0$487,236
97$770,886$0$0$399,323
98$614,010$0$0$298,108
99$433,713$0$0$182,099
100$227,375$0$0$49,643