Can I retire at age 45 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$48,804$48,370$47,945$47,531$47,127$46,577
2 years$24,161$23,711$23,274$22,852$22,442$21,888
3 years$15,947$15,495$15,060$14,641$14,238$13,698
4 years$11,841$11,391$10,960$10,548$10,155$9,632
5 years$9,378$8,930$8,505$8,102$7,719$7,216
6 years$7,737$7,292$6,874$6,479$6,108$5,625
7 years$6,565$6,124$5,712$5,327$4,967$4,504
8 years$5,686$5,249$4,844$4,469$4,121$3,678
9 years$5,003$4,571$4,172$3,806$3,470$3,047
10 years$4,457$4,029$3,638$3,281$2,957$2,553
11 years$4,011$3,587$3,202$2,856$2,543$2,159
12 years$3,639$3,219$2,842$2,505$2,204$1,838
13 years$3,324$2,909$2,539$2,211$1,922$1,574
14 years$3,055$2,644$2,281$1,963$1,685$1,355
15 years$2,822$2,416$2,060$1,751$1,483$1,171
16 years$2,618$2,216$1,868$1,567$1,311$1,016
17 years$2,439$2,041$1,699$1,408$1,162$883
18 years$2,279$1,886$1,551$1,269$1,034$770
19 years$2,137$1,748$1,420$1,147$921$673
20 years$2,009$1,624$1,303$1,039$823$589
21 years$1,893$1,513$1,199$943$736$516
22 years$1,788$1,412$1,105$857$660$453
23 years$1,692$1,321$1,020$781$592$398
24 years$1,604$1,238$944$712$533$351
25 years$1,524$1,161$874$650$479$309
26 years$1,449$1,092$810$594$432$272
27 years$1,381$1,027$753$544$389$240
28 years$1,317$968$700$499$351$212
29 years$1,258$913$651$457$317$187
30 years$1,203$862$606$420$286$165
31 years$1,152$815$565$385$259$146
32 years$1,103$771$528$354$234$129
33 years$1,058$731$493$326$212$114
34 years$1,016$692$460$300$192$101
35 years$976$657$430$276$174$89
36 years$939$623$402$254$158$79
37 years$903$592$377$234$143$70
38 years$870$563$353$216$129$62
39 years$838$535$331$199$117$55
40 years$808$509$310$183$106$49
41 years$779$485$290$169$97$43
42 years$752$461$272$156$88$38
43 years$727$440$256$144$80$34
44 years$702$419$240$133$72$30
45 years$679$400$225$123$66$27
46 years$657$381$212$114$60$23
47 years$635$364$199$105$54$21
48 years$615$347$187$97$49$18
49 years$596$332$176$90$45$16
50 years$577$317$165$83$40$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $591,000, adding $4,994 every year, while hoping to spend $45,525 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: 36/39/25 Blend
44$591,000$591,000$591,000$591,000
45$656,433$625,110$615,950$674,974
46$674,951$607,302$588,146$671,292
47$693,832$587,096$557,885$662,795
48$713,065$564,326$525,036$652,724
49$732,636$538,817$489,463$640,965
50$752,529$510,383$451,024$627,400
51$772,724$478,828$409,570$611,903
52$793,197$443,946$364,946$594,339
53$813,920$405,516$316,989$574,565
54$834,861$363,308$265,529$552,431
55$855,983$317,076$210,390$527,775
56$877,242$266,561$151,387$500,428
57$898,589$211,491$88,327$470,207
58$919,967$151,576$21,008$436,921
59$941,312$86,512$0$400,364
60$962,551$15,975$0$373,880
61$983,600$0$0$350,539
62$1,004,367$0$0$350,456
63$1,024,747$0$0$357,028
64$1,044,619$0$0$363,353
65$1,063,852$0$0$369,374
66$1,082,297$0$0$375,032
67$1,099,785$0$0$380,259
68$1,116,131$0$0$384,978
69$1,131,126$0$0$389,105
70$1,144,536$0$0$392,547
71$1,156,102$0$0$395,198
72$1,165,534$0$0$396,941
73$1,172,512$0$0$397,648
74$1,176,676$0$0$397,173
75$1,177,628$0$0$395,357
76$1,174,928$0$0$392,023
77$1,168,082$0$0$386,973
78$1,156,548$0$0$379,990
79$1,139,722$0$0$370,831
80$1,116,932$0$0$359,229
81$1,087,439$0$0$344,886
82$1,050,419$0$0$327,474
83$1,004,964$0$0$306,630
84$950,065$0$0$281,950
85$884,608$0$0$252,991
86$807,360$0$0$219,260
87$716,957$0$0$180,212
88$611,891$0$0$135,248
89$490,496$0$0$83,702
90$350,928$0$0$24,839
91$191,152$0$0$0
92$8,918$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0