Can I retire at age 45 with 589,000?

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 $589,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$48,639$48,206$47,783$47,371$46,968$46,672
2 years$24,079$23,630$23,196$22,774$22,366$22,067
3 years$15,893$15,443$15,009$14,592$14,190$13,898
4 years$11,801$11,352$10,923$10,513$10,120$9,837
5 years$9,346$8,900$8,477$8,075$7,693$7,420
6 years$7,711$7,268$6,850$6,457$6,087$5,824
7 years$6,543$6,103$5,693$5,309$4,951$4,698
8 years$5,667$5,232$4,828$4,454$4,107$3,864
9 years$4,986$4,555$4,158$3,793$3,459$3,226
10 years$4,442$4,015$3,625$3,270$2,947$2,725
11 years$3,997$3,574$3,192$2,846$2,535$2,322
12 years$3,627$3,208$2,832$2,496$2,196$1,994
13 years$3,313$2,899$2,531$2,204$1,915$1,722
14 years$3,045$2,635$2,274$1,956$1,679$1,495
15 years$2,813$2,407$2,053$1,745$1,478$1,303
16 years$2,609$2,209$1,861$1,562$1,306$1,140
17 years$2,430$2,034$1,694$1,404$1,158$1,001
18 years$2,272$1,880$1,546$1,265$1,030$881
19 years$2,130$1,742$1,415$1,143$918$777
20 years$2,002$1,619$1,299$1,035$820$686
21 years$1,886$1,508$1,195$939$734$608
22 years$1,782$1,408$1,101$854$658$539
23 years$1,686$1,316$1,017$778$590$478
24 years$1,599$1,233$940$710$531$425
25 years$1,519$1,158$871$648$478$378
26 years$1,445$1,088$808$592$430$337
27 years$1,376$1,024$750$542$388$300
28 years$1,313$965$697$497$350$267
29 years$1,254$910$649$456$316$239
30 years$1,199$860$604$418$286$213
31 years$1,148$813$563$384$258$190
32 years$1,100$769$526$353$234$170
33 years$1,055$728$491$325$211$152
34 years$1,013$690$459$299$191$136
35 years$973$655$429$275$173$122
36 years$935$621$401$253$157$109
37 years$900$590$375$233$142$97
38 years$867$561$352$215$129$87
39 years$835$533$329$198$117$78
40 years$805$507$309$183$106$70
41 years$777$483$290$169$96$63
42 years$750$460$272$156$87$56
43 years$724$438$255$144$79$50
44 years$700$418$239$133$72$45
45 years$677$398$225$123$65$40
46 years$654$380$211$113$59$36
47 years$633$363$198$105$54$32
48 years$613$346$186$97$49$29
49 years$594$331$175$89$44$26
50 years$575$316$165$83$40$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $589,000, adding $4,934 every year, while hoping to spend $29,808 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: 76/10/14 Blend
44$589,000$589,000$589,000$589,000
45$654,167$622,950$613,821$701,596
46$689,177$621,760$602,668$732,385
47$726,759$619,511$590,143$761,899
48$767,143$616,122$576,168$793,434
49$810,583$611,504$560,662$827,181
50$857,359$605,563$543,539$863,351
51$907,774$598,201$524,713$902,177
52$962,165$589,310$504,088$943,915
53$1,020,900$578,781$481,570$988,849
54$1,084,385$566,495$457,056$1,037,292
55$1,153,065$552,326$430,440$1,089,587
56$1,227,430$536,142$401,612$1,146,115
57$1,308,018$517,803$370,456$1,207,296
58$1,395,420$497,160$336,851$1,273,592
59$1,490,289$474,056$300,671$1,345,514
60$1,593,338$448,325$261,783$1,423,624
61$1,705,356$419,791$220,051$1,508,545
62$1,827,210$388,268$175,330$1,600,960
63$1,959,851$353,559$127,469$1,701,627
64$2,104,330$315,457$76,313$1,811,380
65$2,261,799$273,742$21,697$1,931,137
66$2,433,529$228,182$0$2,061,914
67$2,620,918$178,532$0$2,210,297
68$2,825,504$124,533$0$2,375,867
69$3,048,982$65,911$0$2,556,771
70$3,293,216$2,378$0$2,754,539
71$3,560,258$0$0$2,970,860
72$3,852,370$0$0$3,214,895
73$4,172,039$0$0$3,482,261
74$4,522,007$0$0$3,774,991
75$4,905,290$0$0$4,095,611
76$5,325,212$0$0$4,446,906
77$5,785,434$0$0$4,831,939
78$6,289,985$0$0$5,254,086
79$6,843,305$0$0$5,717,065
80$7,450,284$0$0$6,224,970
81$8,116,306$0$0$6,782,311
82$8,847,305$0$0$7,394,057
83$9,649,815$0$0$8,065,679
84$10,531,033$0$0$8,803,205
85$11,498,889$0$0$9,613,277
86$12,562,118$0$0$10,503,208
87$13,730,342$0$0$11,481,057
88$15,014,161$0$0$12,555,703
89$16,425,255$0$0$13,736,925
90$17,976,489$0$0$15,035,499
91$19,682,039$0$0$16,463,295
92$21,557,521$0$0$18,033,394
93$23,620,142$0$0$19,760,204
94$25,888,858$0$0$21,659,602
95$28,384,557$0$0$23,749,080
96$31,130,250$0$0$26,047,911
97$34,151,293$0$0$28,577,330
98$37,475,625$0$0$31,360,735
99$41,134,027$0$0$34,423,905
100$45,160,416$0$0$37,795,246