Can I retire at age 45 with 591,000?

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 $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%14%
1 years$48,804$48,370$47,945$47,531$47,127$46,346
2 years$24,161$23,711$23,274$22,852$22,442$21,657
3 years$15,947$15,495$15,060$14,641$14,238$13,474
4 years$11,841$11,391$10,960$10,548$10,155$9,418
5 years$9,378$8,930$8,505$8,102$7,719$7,011
6 years$7,737$7,292$6,874$6,479$6,108$5,430
7 years$6,565$6,124$5,712$5,327$4,967$4,319
8 years$5,686$5,249$4,844$4,469$4,121$3,502
9 years$5,003$4,571$4,172$3,806$3,470$2,881
10 years$4,457$4,029$3,638$3,281$2,957$2,397
11 years$4,011$3,587$3,202$2,856$2,543$2,011
12 years$3,639$3,219$2,842$2,505$2,204$1,699
13 years$3,324$2,909$2,539$2,211$1,922$1,444
14 years$3,055$2,644$2,281$1,963$1,685$1,233
15 years$2,822$2,416$2,060$1,751$1,483$1,057
16 years$2,618$2,216$1,868$1,567$1,311$909
17 years$2,439$2,041$1,699$1,408$1,162$784
18 years$2,279$1,886$1,551$1,269$1,034$678
19 years$2,137$1,748$1,420$1,147$921$587
20 years$2,009$1,624$1,303$1,039$823$509
21 years$1,893$1,513$1,199$943$736$442
22 years$1,788$1,412$1,105$857$660$385
23 years$1,692$1,321$1,020$781$592$335
24 years$1,604$1,238$944$712$533$292
25 years$1,524$1,161$874$650$479$255
26 years$1,449$1,092$810$594$432$222
27 years$1,381$1,027$753$544$389$194
28 years$1,317$968$700$499$351$170
29 years$1,258$913$651$457$317$149
30 years$1,203$862$606$420$286$130
31 years$1,152$815$565$385$259$114
32 years$1,103$771$528$354$234$99
33 years$1,058$731$493$326$212$87
34 years$1,016$692$460$300$192$76
35 years$976$657$430$276$174$67
36 years$939$623$402$254$158$59
37 years$903$592$377$234$143$51
38 years$870$563$353$216$129$45
39 years$838$535$331$199$117$39
40 years$808$509$310$183$106$35
41 years$779$485$290$169$97$30
42 years$752$461$272$156$88$27
43 years$727$440$256$144$80$23
44 years$702$419$240$133$72$20
45 years$679$400$225$123$66$18
46 years$657$381$212$114$60$16
47 years$635$364$199$105$54$14
48 years$615$347$187$97$49$12
49 years$596$332$176$90$45$11
50 years$577$317$165$83$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $591,000, adding $4,171 every year, while hoping to spend $26,280 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: 45/33/22 Blend
44$591,000$591,000$591,000$591,000
45$655,584$624,261$615,101$680,762
46$694,492$626,888$607,745$701,533
47$736,488$628,764$599,262$721,140
48$781,859$629,822$589,586$741,869
49$830,920$629,995$578,649$763,837
50$884,019$629,210$566,379$787,174
51$941,537$627,389$552,701$812,026
52$1,003,893$624,451$537,536$838,555
53$1,071,549$620,307$520,802$866,940
54$1,145,011$614,866$502,413$897,381
55$1,224,837$608,030$482,279$930,101
56$1,311,642$599,695$460,306$965,347
57$1,406,099$589,749$436,396$1,003,393
58$1,508,952$578,078$410,446$1,044,543
59$1,621,018$564,557$382,349$1,089,136
60$1,743,197$549,055$351,993$1,137,548
61$1,876,478$531,434$319,260$1,190,194
62$2,021,952$511,547$284,028$1,247,537
63$2,180,817$489,239$246,169$1,310,088
64$2,354,394$464,345$205,549$1,378,415
65$2,544,136$436,692$162,029$1,453,148
66$2,751,645$406,097$115,464$1,534,982
67$2,978,681$372,364$65,700$1,624,692
68$3,227,186$335,290$12,581$1,723,131
69$3,499,296$294,655$0$1,831,246
70$3,797,363$250,233$0$1,960,440
71$4,123,979$201,780$0$2,105,343
72$4,481,998$149,039$0$2,264,325
73$4,874,562$91,742$0$2,438,851
74$5,305,132$29,603$0$2,630,539
75$5,777,522$0$0$2,841,174
76$6,295,930$0$0$3,086,411
77$6,864,982$0$0$3,367,479
78$7,489,774$0$0$3,676,152
79$8,175,919$0$0$4,015,213
80$8,929,599$0$0$4,387,727
81$9,757,626$0$0$4,797,072
82$10,667,505$0$0$5,246,966
83$11,667,500$0$0$5,741,507
84$12,766,721$0$0$6,285,212
85$13,975,199$0$0$6,883,054
86$15,303,990$0$0$7,540,513
87$16,765,273$0$0$8,263,628
88$18,372,465$0$0$9,059,051
89$20,140,350$0$0$9,934,111
90$22,085,217$0$0$10,896,886
91$24,225,013$0$0$11,956,273
92$26,579,512$0$0$13,122,076
93$29,170,502$0$0$14,405,099
94$32,021,988$0$0$15,817,244
95$35,160,424$0$0$17,371,626
96$38,614,953$0$0$19,082,698
97$42,417,693$0$0$20,966,383
98$46,604,027$0$0$23,040,227
99$51,212,950$0$0$25,323,565
100$56,287,425$0$0$27,837,699