Can I retire at age 45 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$48,722$48,288$47,864$47,451$47,047$45,216
2 years$24,120$23,670$23,235$22,813$22,404$20,581
3 years$15,920$15,469$15,035$14,616$14,214$12,457
4 years$11,821$11,371$10,941$10,530$10,137$8,460
5 years$9,362$8,915$8,491$8,088$7,706$6,112
6 years$7,724$7,280$6,862$6,468$6,098$4,588
7 years$6,554$6,114$5,702$5,318$4,959$3,533
8 years$5,677$5,241$4,836$4,461$4,114$2,771
9 years$4,995$4,563$4,165$3,800$3,465$2,202
10 years$4,450$4,022$3,631$3,276$2,952$1,768
11 years$4,004$3,580$3,197$2,851$2,539$1,430
12 years$3,633$3,214$2,837$2,500$2,200$1,164
13 years$3,319$2,904$2,535$2,208$1,919$952
14 years$3,050$2,640$2,278$1,960$1,682$782
15 years$2,817$2,412$2,056$1,748$1,481$644
16 years$2,614$2,213$1,864$1,565$1,309$531
17 years$2,435$2,038$1,697$1,406$1,160$440
18 years$2,275$1,883$1,549$1,267$1,032$364
19 years$2,133$1,745$1,418$1,145$920$302
20 years$2,005$1,622$1,301$1,037$821$251
21 years$1,890$1,510$1,197$941$735$209
22 years$1,785$1,410$1,103$856$659$174
23 years$1,689$1,319$1,018$779$591$145
24 years$1,602$1,236$942$711$532$121
25 years$1,521$1,159$872$649$478$101
26 years$1,447$1,090$809$593$431$84
27 years$1,378$1,026$751$543$389$70
28 years$1,315$966$698$498$351$58
29 years$1,256$912$650$456$317$49
30 years$1,201$861$605$419$286$41
31 years$1,150$814$564$385$259$34
32 years$1,102$770$527$354$234$28
33 years$1,057$729$492$325$212$24
34 years$1,014$691$459$299$192$20
35 years$975$656$430$275$174$16
36 years$937$622$402$254$157$14
37 years$902$591$376$234$143$12
38 years$868$562$352$215$129$10
39 years$837$534$330$199$117$8
40 years$807$508$309$183$106$7
41 years$778$484$290$169$96$6
42 years$751$461$272$156$88$5
43 years$725$439$255$144$79$4
44 years$701$418$240$133$72$3
45 years$678$399$225$123$65$3
46 years$655$381$211$113$59$2
47 years$634$363$199$105$54$2
48 years$614$347$187$97$49$2
49 years$595$331$175$89$45$1
50 years$576$316$165$83$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $590,000, adding $2,961 every year, while hoping to spend $33,267 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: 31/45/24 Blend
44$590,000$590,000$590,000$590,000
45$653,234$621,964$612,819$668,571
46$684,468$617,045$597,953$675,605
47$717,773$610,769$581,474$680,001
48$753,325$603,036$563,292$684,057
49$791,317$593,737$543,315$687,765
50$831,961$582,760$521,445$691,118
51$875,488$569,982$497,581$694,115
52$922,152$555,276$471,614$696,754
53$972,234$538,506$443,435$699,040
54$1,026,038$519,529$412,927$700,981
55$1,083,902$498,194$379,968$702,590
56$1,146,193$474,339$344,430$703,885
57$1,213,318$447,795$306,182$704,893
58$1,285,721$418,382$265,084$705,646
59$1,363,892$385,910$220,992$706,185
60$1,448,368$350,178$173,753$706,563
61$1,539,739$310,975$123,212$706,841
62$1,638,654$268,074$69,201$707,094
63$1,745,828$221,241$11,550$707,412
64$1,862,044$170,223$0$707,900
65$1,988,166$114,757$0$721,479
66$2,125,142$54,563$0$739,484
67$2,274,016$0$0$759,171
68$2,435,937$0$0$786,059
69$2,612,168$0$0$844,811
70$2,804,100$0$0$908,881
71$3,013,261$0$0$978,789
72$3,241,336$0$0$1,055,110
73$3,490,177$0$0$1,138,475
74$3,761,824$0$0$1,229,579
75$4,058,522$0$0$1,329,188
76$4,382,742$0$0$1,438,143
77$4,737,206$0$0$1,557,374
78$5,124,909$0$0$1,687,901
79$5,549,149$0$0$1,830,850
80$6,013,559$0$0$1,987,459
81$6,522,139$0$0$2,159,093
82$7,079,293$0$0$2,347,254
83$7,689,871$0$0$2,553,598
84$8,359,215$0$0$2,779,946
85$9,093,209$0$0$3,028,308
86$9,898,333$0$0$3,300,894
87$10,781,725$0$0$3,600,140
88$11,751,246$0$0$3,928,730
89$12,815,557$0$0$4,289,619
90$13,984,196$0$0$4,686,064
91$15,267,673$0$0$5,121,652
92$16,677,562$0$0$5,600,335
93$18,226,617$0$0$6,126,466
94$19,928,885$0$0$6,704,841
95$21,799,844$0$0$7,340,745
96$23,856,544$0$0$8,040,000
97$26,117,771$0$0$8,809,019
98$28,604,221$0$0$9,654,870
99$31,338,696$0$0$10,585,339
100$34,346,317$0$0$11,609,004