Can I retire at age 45 with 587,000?

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 $587,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$48,474$48,042$47,621$47,210$46,808$45,292
2 years$23,997$23,550$23,117$22,697$22,290$20,776
3 years$15,839$15,390$14,958$14,542$14,141$12,678
4 years$11,761$11,313$10,886$10,477$10,086$8,684
5 years$9,315$8,870$8,448$8,047$7,667$6,331
6 years$7,684$7,243$6,827$6,435$6,067$4,797
7 years$6,520$6,083$5,673$5,291$4,934$3,730
8 years$5,648$5,214$4,811$4,438$4,093$2,955
9 years$4,969$4,540$4,144$3,781$3,447$2,373
10 years$4,427$4,001$3,613$3,259$2,937$1,926
11 years$3,983$3,562$3,181$2,836$2,526$1,575
12 years$3,614$3,197$2,823$2,488$2,189$1,297
13 years$3,302$2,889$2,522$2,196$1,909$1,073
14 years$3,035$2,626$2,266$1,950$1,673$891
15 years$2,803$2,399$2,046$1,739$1,473$743
16 years$2,601$2,201$1,855$1,557$1,302$621
17 years$2,422$2,027$1,688$1,399$1,154$520
18 years$2,264$1,873$1,541$1,261$1,027$437
19 years$2,122$1,736$1,411$1,139$915$367
20 years$1,995$1,613$1,295$1,032$817$309
21 years$1,880$1,503$1,191$936$731$260
22 years$1,776$1,403$1,097$851$656$219
23 years$1,680$1,312$1,013$775$588$185
24 years$1,593$1,229$937$707$529$156
25 years$1,513$1,154$868$646$476$132
26 years$1,440$1,084$805$590$429$112
27 years$1,371$1,020$748$540$387$95
28 years$1,308$961$695$495$349$80
29 years$1,250$907$647$454$315$68
30 years$1,195$857$602$417$285$57
31 years$1,144$810$562$383$257$48
32 years$1,096$766$524$352$233$41
33 years$1,051$726$489$323$211$35
34 years$1,009$688$457$298$191$29
35 years$970$652$427$274$173$25
36 years$932$619$400$252$156$21
37 years$897$588$374$232$142$18
38 years$864$559$350$214$129$15
39 years$832$531$328$198$117$13
40 years$803$506$308$182$106$11
41 years$774$481$289$168$96$9
42 years$747$458$271$155$87$8
43 years$722$437$254$143$79$7
44 years$697$416$238$132$72$6
45 years$674$397$224$122$65$5
46 years$652$379$210$113$59$4
47 years$631$361$198$104$54$3
48 years$611$345$186$96$49$3
49 years$592$329$174$89$44$2
50 years$573$315$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 $587,000, adding $5,952 every year, while hoping to spend $43,482 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: 71/13/16 Blend
44$587,000$587,000$587,000$587,000
45$653,013$621,902$612,804$696,556
46$673,356$606,111$587,068$710,474
47$694,317$588,089$559,013$719,899
48$715,912$567,680$528,515$729,096
49$738,159$544,721$495,445$738,034
50$761,077$519,037$459,667$746,681
51$784,682$490,445$421,041$755,002
52$808,992$458,750$379,419$762,962
53$834,027$423,747$334,648$770,521
54$859,805$385,217$286,566$777,637
55$886,345$342,933$235,005$784,267
56$913,665$296,649$179,791$790,363
57$941,785$246,111$120,739$795,875
58$970,723$191,046$57,660$800,749
59$1,000,498$131,169$0$804,928
60$1,031,129$66,176$0$810,000
61$1,062,635$0$0$824,865
62$1,095,034$0$0$840,243
63$1,128,344$0$0$865,784
64$1,162,582$0$0$892,036
65$1,197,766$0$0$919,010
66$1,233,912$0$0$946,719
67$1,271,034$0$0$975,175
68$1,309,148$0$0$1,004,388
69$1,348,266$0$0$1,034,368
70$1,388,401$0$0$1,065,123
71$1,429,561$0$0$1,096,660
72$1,471,755$0$0$1,128,985
73$1,514,989$0$0$1,162,102
74$1,559,266$0$0$1,196,012
75$1,604,586$0$0$1,230,716
76$1,650,946$0$0$1,266,210
77$1,698,340$0$0$1,302,488
78$1,746,757$0$0$1,339,541
79$1,796,181$0$0$1,377,355
80$1,846,590$0$0$1,415,914
81$1,897,958$0$0$1,455,195
82$1,950,250$0$0$1,495,171
83$2,003,425$0$0$1,535,808
84$2,057,433$0$0$1,577,065
85$2,112,214$0$0$1,618,897
86$2,167,698$0$0$1,661,245
87$2,223,802$0$0$1,704,046
88$2,280,431$0$0$1,747,223
89$2,337,475$0$0$1,790,689
90$2,394,808$0$0$1,834,344
91$2,452,284$0$0$1,878,073
92$2,509,739$0$0$1,921,747
93$2,566,985$0$0$1,965,217
94$2,623,809$0$0$2,008,315
95$2,679,972$0$0$2,050,853
96$2,735,202$0$0$2,092,616
97$2,789,194$0$0$2,133,366
98$2,841,606$0$0$2,172,832
99$2,892,054$0$0$2,210,713
100$2,940,106$0$0$2,246,669