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%17%
1 years$48,474$48,042$47,621$47,210$46,808$45,474
2 years$23,997$23,550$23,117$22,697$22,290$20,956
3 years$15,839$15,390$14,958$14,542$14,141$12,850
4 years$11,761$11,313$10,886$10,477$10,086$8,846
5 years$9,315$8,870$8,448$8,047$7,667$6,483
6 years$7,684$7,243$6,827$6,435$6,067$4,939
7 years$6,520$6,083$5,673$5,291$4,934$3,863
8 years$5,648$5,214$4,811$4,438$4,093$3,078
9 years$4,969$4,540$4,144$3,781$3,447$2,487
10 years$4,427$4,001$3,613$3,259$2,937$2,031
11 years$3,983$3,562$3,181$2,836$2,526$1,672
12 years$3,614$3,197$2,823$2,488$2,189$1,385
13 years$3,302$2,889$2,522$2,196$1,909$1,154
14 years$3,035$2,626$2,266$1,950$1,673$965
15 years$2,803$2,399$2,046$1,739$1,473$810
16 years$2,601$2,201$1,855$1,557$1,302$682
17 years$2,422$2,027$1,688$1,399$1,154$576
18 years$2,264$1,873$1,541$1,261$1,027$487
19 years$2,122$1,736$1,411$1,139$915$412
20 years$1,995$1,613$1,295$1,032$817$350
21 years$1,880$1,503$1,191$936$731$297
22 years$1,776$1,403$1,097$851$656$252
23 years$1,680$1,312$1,013$775$588$215
24 years$1,593$1,229$937$707$529$183
25 years$1,513$1,154$868$646$476$156
26 years$1,440$1,084$805$590$429$133
27 years$1,371$1,020$748$540$387$113
28 years$1,308$961$695$495$349$96
29 years$1,250$907$647$454$315$82
30 years$1,195$857$602$417$285$70
31 years$1,144$810$562$383$257$60
32 years$1,096$766$524$352$233$51
33 years$1,051$726$489$323$211$44
34 years$1,009$688$457$298$191$37
35 years$970$652$427$274$173$32
36 years$932$619$400$252$156$27
37 years$897$588$374$232$142$23
38 years$864$559$350$214$129$20
39 years$832$531$328$198$117$17
40 years$803$506$308$182$106$15
41 years$774$481$289$168$96$12
42 years$747$458$271$155$87$11
43 years$722$437$254$143$79$9
44 years$697$416$238$132$72$8
45 years$674$397$224$122$65$7
46 years$652$379$210$113$59$6
47 years$631$361$198$104$54$5
48 years$611$345$186$96$49$4
49 years$592$329$174$89$44$4
50 years$573$315$164$82$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $587,000, adding $5,928 every year, while hoping to spend $35,597 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: 38/47/15 Blend
44$587,000$587,000$587,000$587,000
45$652,989$621,878$612,779$674,637
46$681,719$614,475$595,432$683,269
47$712,186$605,516$576,311$688,726
48$744,530$594,888$555,319$693,858
49$778,904$582,469$532,354$698,654
50$815,475$568,133$507,311$703,106
51$854,426$551,743$480,078$707,204
52$895,956$533,157$450,539$710,946
53$940,285$512,224$418,574$714,329
54$987,653$488,782$384,055$717,355
55$1,038,324$462,663$346,851$720,031
56$1,092,586$433,686$306,824$722,368
57$1,150,756$401,663$263,829$724,382
58$1,213,182$366,393$217,715$726,097
59$1,280,243$327,663$168,326$727,544
60$1,352,360$285,250$115,496$728,762
61$1,429,990$238,917$59,055$729,801
62$1,513,639$188,414$0$730,720
63$1,603,861$133,477$0$731,781
64$1,701,264$73,827$0$742,981
65$1,806,517$9,168$0$754,995
66$1,920,355$0$0$767,975
67$2,043,586$0$0$813,548
68$2,177,099$0$0$868,128
69$2,321,869$0$0$927,380
70$2,478,972$0$0$991,753
71$2,649,587$0$0$1,061,740
72$2,835,014$0$0$1,137,884
73$3,036,683$0$0$1,220,781
74$3,256,166$0$0$1,311,090
75$3,495,192$0$0$1,409,532
76$3,755,667$0$0$1,516,904
77$4,039,685$0$0$1,634,081
78$4,349,553$0$0$1,762,027
79$4,687,808$0$0$1,901,804
80$5,057,246$0$0$2,054,580
81$5,460,941$0$0$2,221,641
82$5,902,281$0$0$2,404,403
83$6,384,993$0$0$2,604,426
84$6,913,184$0$0$2,823,427
85$7,491,373$0$0$3,063,296
86$8,124,538$0$0$3,326,116
87$8,818,161$0$0$3,614,179
88$9,578,279$0$0$3,930,013
89$10,411,540$0$0$4,276,398
90$11,325,265$0$0$4,656,399
91$12,327,522$0$0$5,073,389
92$13,427,191$0$0$5,531,087
93$14,634,057$0$0$6,033,586
94$15,958,899$0$0$6,585,398
95$17,413,588$0$0$7,191,490
96$19,011,202$0$0$7,857,338
97$20,766,147$0$0$8,588,969
98$22,694,295$0$0$9,393,028
99$24,813,129$0$0$10,276,832
100$27,141,910$0$0$11,248,444