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%13.9%
1 years$48,722$48,288$47,864$47,451$47,047$46,287
2 years$24,120$23,670$23,235$22,813$22,404$21,640
3 years$15,920$15,469$15,035$14,616$14,214$13,470
4 years$11,821$11,371$10,941$10,530$10,137$9,419
5 years$9,362$8,915$8,491$8,088$7,706$7,016
6 years$7,724$7,280$6,862$6,468$6,098$5,437
7 years$6,554$6,114$5,702$5,318$4,959$4,327
8 years$5,677$5,241$4,836$4,461$4,114$3,511
9 years$4,995$4,563$4,165$3,800$3,465$2,890
10 years$4,450$4,022$3,631$3,276$2,952$2,405
11 years$4,004$3,580$3,197$2,851$2,539$2,020
12 years$3,633$3,214$2,837$2,500$2,200$1,708
13 years$3,319$2,904$2,535$2,208$1,919$1,452
14 years$3,050$2,640$2,278$1,960$1,682$1,241
15 years$2,817$2,412$2,056$1,748$1,481$1,064
16 years$2,614$2,213$1,864$1,565$1,309$916
17 years$2,435$2,038$1,697$1,406$1,160$790
18 years$2,275$1,883$1,549$1,267$1,032$684
19 years$2,133$1,745$1,418$1,145$920$593
20 years$2,005$1,622$1,301$1,037$821$515
21 years$1,890$1,510$1,197$941$735$447
22 years$1,785$1,410$1,103$856$659$389
23 years$1,689$1,319$1,018$779$591$339
24 years$1,602$1,236$942$711$532$296
25 years$1,521$1,159$872$649$478$259
26 years$1,447$1,090$809$593$431$226
27 years$1,378$1,026$751$543$389$197
28 years$1,315$966$698$498$351$173
29 years$1,256$912$650$456$317$151
30 years$1,201$861$605$419$286$132
31 years$1,150$814$564$385$259$116
32 years$1,102$770$527$354$234$102
33 years$1,057$729$492$325$212$89
34 years$1,014$691$459$299$192$78
35 years$975$656$430$275$174$68
36 years$937$622$402$254$157$60
37 years$902$591$376$234$143$53
38 years$868$562$352$215$129$46
39 years$837$534$330$199$117$40
40 years$807$508$309$183$106$35
41 years$778$484$290$169$96$31
42 years$751$461$272$156$88$27
43 years$725$439$255$144$79$24
44 years$701$418$240$133$72$21
45 years$678$399$225$123$65$18
46 years$655$381$211$113$59$16
47 years$634$363$199$105$54$14
48 years$614$347$187$97$49$12
49 years$595$331$175$89$45$11
50 years$576$316$165$83$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $590,000, adding $5,623 every year, while hoping to spend $42,569 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: 45/38/17 Blend
44$590,000$590,000$590,000$590,000
45$655,980$624,710$615,565$682,067
46$677,597$610,028$590,893$686,187
47$699,992$593,199$563,969$685,954
48$723,200$574,075$534,670$684,795
49$747,257$552,495$502,872$682,642
50$772,201$528,292$468,443$679,426
51$798,075$501,287$431,245$675,070
52$824,923$471,294$391,135$669,497
53$852,790$438,112$347,963$662,625
54$881,726$401,532$301,572$654,367
55$911,786$361,331$251,798$644,632
56$943,026$317,273$198,471$633,325
57$975,506$269,112$141,412$620,346
58$1,009,293$216,584$80,435$605,589
59$1,044,457$159,411$15,345$588,946
60$1,081,071$97,303$0$570,301
61$1,119,218$29,948$0$559,351
62$1,158,984$0$0$549,761
63$1,200,463$0$0$556,626
64$1,243,755$0$0$576,876
65$1,288,970$0$0$598,041
66$1,336,224$0$0$620,178
67$1,385,646$0$0$643,349
68$1,437,372$0$0$667,621
69$1,491,552$0$0$693,065
70$1,548,346$0$0$719,762
71$1,607,930$0$0$747,795
72$1,670,493$0$0$777,259
73$1,736,243$0$0$808,253
74$1,805,402$0$0$840,888
75$1,878,216$0$0$875,283
76$1,954,950$0$0$911,567
77$2,035,893$0$0$949,883
78$2,121,361$0$0$990,385
79$2,211,698$0$0$1,033,243
80$2,307,278$0$0$1,078,640
81$2,408,513$0$0$1,126,777
82$2,515,848$0$0$1,177,876
83$2,629,775$0$0$1,232,175
84$2,750,827$0$0$1,289,939
85$2,879,590$0$0$1,351,456
86$3,016,705$0$0$1,417,040
87$3,162,873$0$0$1,487,038
88$3,318,861$0$0$1,561,828
89$3,485,511$0$0$1,641,824
90$3,663,746$0$0$1,727,481
91$3,854,576$0$0$1,819,298
92$4,059,110$0$0$1,917,823
93$4,278,565$0$0$2,023,655
94$4,514,275$0$0$2,137,454
95$4,767,706$0$0$2,259,944
96$5,040,464$0$0$2,391,917
97$5,334,318$0$0$2,534,248
98$5,651,206$0$0$2,687,895
99$5,993,260$0$0$2,853,912
100$6,362,820$0$0$3,033,455