Can I retire at age 45 with 590,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$48,722$48,288$47,864$47,451$47,047$46,575
2 years$24,120$23,670$23,235$22,813$22,404$21,928
3 years$15,920$15,469$15,035$14,616$14,214$13,750
4 years$11,821$11,371$10,941$10,530$10,137$9,688
5 years$9,362$8,915$8,491$8,088$7,706$7,273
6 years$7,724$7,280$6,862$6,468$6,098$5,682
7 years$6,554$6,114$5,702$5,318$4,959$4,560
8 years$5,677$5,241$4,836$4,461$4,114$3,732
9 years$4,995$4,563$4,165$3,800$3,465$3,099
10 years$4,450$4,022$3,631$3,276$2,952$2,603
11 years$4,004$3,580$3,197$2,851$2,539$2,206
12 years$3,633$3,214$2,837$2,500$2,200$1,884
13 years$3,319$2,904$2,535$2,208$1,919$1,618
14 years$3,050$2,640$2,278$1,960$1,682$1,396
15 years$2,817$2,412$2,056$1,748$1,481$1,210
16 years$2,614$2,213$1,864$1,565$1,309$1,052
17 years$2,435$2,038$1,697$1,406$1,160$917
18 years$2,275$1,883$1,549$1,267$1,032$802
19 years$2,133$1,745$1,418$1,145$920$703
20 years$2,005$1,622$1,301$1,037$821$617
21 years$1,890$1,510$1,197$941$735$543
22 years$1,785$1,410$1,103$856$659$478
23 years$1,689$1,319$1,018$779$591$421
24 years$1,602$1,236$942$711$532$372
25 years$1,521$1,159$872$649$478$328
26 years$1,447$1,090$809$593$431$290
27 years$1,378$1,026$751$543$389$257
28 years$1,315$966$698$498$351$227
29 years$1,256$912$650$456$317$201
30 years$1,201$861$605$419$286$179
31 years$1,150$814$564$385$259$158
32 years$1,102$770$527$354$234$140
33 years$1,057$729$492$325$212$125
34 years$1,014$691$459$299$192$111
35 years$975$656$430$275$174$98
36 years$937$622$402$254$157$87
37 years$902$591$376$234$143$77
38 years$868$562$352$215$129$69
39 years$837$534$330$199$117$61
40 years$807$508$309$183$106$54
41 years$778$484$290$169$96$48
42 years$751$461$272$156$88$43
43 years$725$439$255$144$79$38
44 years$701$418$240$133$72$34
45 years$678$399$225$123$65$30
46 years$655$381$211$113$59$27
47 years$634$363$199$105$54$24
48 years$614$347$187$97$49$21
49 years$595$331$175$89$45$19
50 years$576$316$165$83$40$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $590,000, adding $3,047 every year, while hoping to spend $40,560 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: 39/40/21 Blend
44$590,000$590,000$590,000$590,000
45$653,323$622,053$612,908$674,612
46$676,806$609,378$590,285$677,552
47$701,326$594,723$565,544$676,661
48$726,944$577,947$538,573$674,871
49$753,729$558,903$509,252$672,124
50$781,753$537,434$477,456$668,359
51$811,098$513,373$443,057$663,511
52$841,848$486,547$405,917$657,515
53$874,097$456,768$365,896$650,303
54$907,947$423,842$322,845$641,803
55$943,507$387,559$276,610$631,943
56$980,897$347,702$227,029$620,647
57$1,020,247$304,038$173,933$607,837
58$1,061,699$256,323$117,146$593,433
59$1,105,406$204,297$56,485$577,353
60$1,151,538$147,687$0$559,513
61$1,200,276$86,205$0$541,676
62$1,251,821$19,546$0$535,533
63$1,306,390$0$0$528,371
64$1,364,223$0$0$543,310
65$1,425,578$0$0$568,325
66$1,490,742$0$0$594,933
67$1,560,024$0$0$623,268
68$1,633,766$0$0$653,474
69$1,712,340$0$0$685,710
70$1,796,154$0$0$720,150
71$1,885,656$0$0$756,984
72$1,981,335$0$0$796,422
73$2,083,729$0$0$838,693
74$2,193,426$0$0$884,048
75$2,311,073$0$0$932,763
76$2,437,378$0$0$985,141
77$2,573,120$0$0$1,041,514
78$2,719,152$0$0$1,102,248
79$2,876,411$0$0$1,167,744
80$3,045,928$0$0$1,238,442
81$3,228,834$0$0$1,314,826
82$3,426,371$0$0$1,397,428
83$3,639,905$0$0$1,486,834
84$3,870,937$0$0$1,583,684
85$4,121,116$0$0$1,688,688
86$4,392,258$0$0$1,802,620
87$4,686,355$0$0$1,926,337
88$5,005,602$0$0$2,060,779
89$5,352,411$0$0$2,206,979
90$5,729,437$0$0$2,366,075
91$6,139,598$0$0$2,539,320
92$6,586,106$0$0$2,728,091
93$7,072,498$0$0$2,933,904
94$7,602,661$0$0$3,158,427
95$8,180,877$0$0$3,403,498
96$8,811,857$0$0$3,671,138
97$9,500,789$0$0$3,963,572
98$10,253,380$0$0$4,283,251
99$11,075,916$0$0$4,632,872
100$11,975,316$0$0$5,015,405