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%17.8%
1 years$48,639$48,206$47,783$47,371$46,968$45,482
2 years$24,079$23,630$23,196$22,774$22,366$20,883
3 years$15,893$15,443$15,009$14,592$14,190$12,756
4 years$11,801$11,352$10,923$10,513$10,120$8,746
5 years$9,346$8,900$8,477$8,075$7,693$6,383
6 years$7,711$7,268$6,850$6,457$6,087$4,841
7 years$6,543$6,103$5,693$5,309$4,951$3,769
8 years$5,667$5,232$4,828$4,454$4,107$2,989
9 years$4,986$4,555$4,158$3,793$3,459$2,404
10 years$4,442$4,015$3,625$3,270$2,947$1,953
11 years$3,997$3,574$3,192$2,846$2,535$1,599
12 years$3,627$3,208$2,832$2,496$2,196$1,318
13 years$3,313$2,899$2,531$2,204$1,915$1,092
14 years$3,045$2,635$2,274$1,956$1,679$909
15 years$2,813$2,407$2,053$1,745$1,478$759
16 years$2,609$2,209$1,861$1,562$1,306$635
17 years$2,430$2,034$1,694$1,404$1,158$533
18 years$2,272$1,880$1,546$1,265$1,030$448
19 years$2,130$1,742$1,415$1,143$918$377
20 years$2,002$1,619$1,299$1,035$820$318
21 years$1,886$1,508$1,195$939$734$268
22 years$1,782$1,408$1,101$854$658$226
23 years$1,686$1,316$1,017$778$590$191
24 years$1,599$1,233$940$710$531$162
25 years$1,519$1,158$871$648$478$137
26 years$1,445$1,088$808$592$430$116
27 years$1,376$1,024$750$542$388$98
28 years$1,313$965$697$497$350$83
29 years$1,254$910$649$456$316$71
30 years$1,199$860$604$418$286$60
31 years$1,148$813$563$384$258$51
32 years$1,100$769$526$353$234$43
33 years$1,055$728$491$325$211$37
34 years$1,013$690$459$299$191$31
35 years$973$655$429$275$173$26
36 years$935$621$401$253$157$22
37 years$900$590$375$233$142$19
38 years$867$561$352$215$129$16
39 years$835$533$329$198$117$14
40 years$805$507$309$183$106$12
41 years$777$483$290$169$96$10
42 years$750$460$272$156$87$8
43 years$724$438$255$144$79$7
44 years$700$418$239$133$72$6
45 years$677$398$225$123$65$5
46 years$654$380$211$113$59$4
47 years$633$363$198$105$54$4
48 years$613$346$186$97$49$3
49 years$594$331$175$89$44$3
50 years$575$316$165$83$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $589,000, adding $3,341 every year, while hoping to spend $26,108 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: 59/27/14 Blend
44$589,000$589,000$589,000$589,000
45$652,524$621,307$612,178$688,538
46$691,303$623,973$604,907$715,893
47$733,162$625,894$596,518$742,507
48$778,388$627,006$586,945$770,913
49$827,297$627,242$576,120$801,285
50$880,233$626,529$563,972$833,819
51$937,579$624,791$550,427$868,729
52$999,752$621,945$535,406$906,253
53$1,067,212$617,906$518,828$946,654
54$1,140,466$612,583$500,608$990,224
55$1,220,071$605,876$480,655$1,037,282
56$1,306,639$597,685$458,878$1,088,186
57$1,400,844$587,899$435,177$1,143,328
58$1,503,426$576,402$409,452$1,203,143
59$1,615,202$563,073$381,596$1,268,111
60$1,737,070$547,781$351,497$1,338,764
61$1,870,018$530,389$319,038$1,415,687
62$2,015,133$510,751$284,099$1,499,529
63$2,173,613$488,714$246,553$1,591,007
64$2,346,775$464,114$206,266$1,690,913
65$2,536,070$436,780$163,100$1,800,121
66$2,743,096$406,529$116,911$1,919,597
67$2,969,612$373,169$67,547$2,050,409
68$3,217,554$336,495$14,851$2,193,736
69$3,489,054$296,294$0$2,350,878
70$3,786,462$252,337$0$2,529,458
71$4,112,364$204,384$0$2,727,648
72$4,469,608$152,181$0$2,945,009
73$4,861,331$95,461$0$3,183,504
74$5,290,987$33,940$0$3,445,299
75$5,762,384$0$0$3,732,783
76$6,279,712$0$0$4,058,304
77$6,847,589$0$0$4,426,750
78$7,471,101$0$0$4,831,344
79$8,155,850$0$0$5,275,728
80$8,908,008$0$0$5,763,915
81$9,734,375$0$0$6,300,323
82$10,642,441$0$0$6,889,823
83$11,640,457$0$0$7,537,778
84$12,737,513$0$0$8,250,098
85$13,943,626$0$0$9,033,294
86$15,269,830$0$0$9,894,539
87$16,728,280$0$0$10,841,736
88$18,332,372$0$0$11,883,593
89$20,096,862$0$0$13,029,703
90$22,038,010$0$0$14,290,637
91$24,173,730$0$0$15,678,041
92$26,523,760$0$0$17,204,748
93$29,109,849$0$0$18,884,896
94$31,955,960$0$0$20,734,066
95$35,088,497$0$0$22,769,422
96$38,536,553$0$0$25,009,880
97$42,332,186$0$0$27,476,281
98$46,510,717$0$0$30,191,590
99$51,111,069$0$0$33,181,111
100$56,176,129$0$0$36,472,728