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%19.6%
1 years$48,804$48,370$47,945$47,531$47,127$45,311
2 years$24,161$23,711$23,274$22,852$22,442$20,633
3 years$15,947$15,495$15,060$14,641$14,238$12,495
4 years$11,841$11,391$10,960$10,548$10,155$8,490
5 years$9,378$8,930$8,505$8,102$7,719$6,137
6 years$7,737$7,292$6,874$6,479$6,108$4,609
7 years$6,565$6,124$5,712$5,327$4,967$3,552
8 years$5,686$5,249$4,844$4,469$4,121$2,787
9 years$5,003$4,571$4,172$3,806$3,470$2,216
10 years$4,457$4,029$3,638$3,281$2,957$1,780
11 years$4,011$3,587$3,202$2,856$2,543$1,441
12 years$3,639$3,219$2,842$2,505$2,204$1,174
13 years$3,324$2,909$2,539$2,211$1,922$961
14 years$3,055$2,644$2,281$1,963$1,685$789
15 years$2,822$2,416$2,060$1,751$1,483$650
16 years$2,618$2,216$1,868$1,567$1,311$537
17 years$2,439$2,041$1,699$1,408$1,162$445
18 years$2,279$1,886$1,551$1,269$1,034$369
19 years$2,137$1,748$1,420$1,147$921$306
20 years$2,009$1,624$1,303$1,039$823$255
21 years$1,893$1,513$1,199$943$736$212
22 years$1,788$1,412$1,105$857$660$177
23 years$1,692$1,321$1,020$781$592$147
24 years$1,604$1,238$944$712$533$123
25 years$1,524$1,161$874$650$479$102
26 years$1,449$1,092$810$594$432$85
27 years$1,381$1,027$753$544$389$71
28 years$1,317$968$700$499$351$60
29 years$1,258$913$651$457$317$50
30 years$1,203$862$606$420$286$42
31 years$1,152$815$565$385$259$35
32 years$1,103$771$528$354$234$29
33 years$1,058$731$493$326$212$24
34 years$1,016$692$460$300$192$20
35 years$976$657$430$276$174$17
36 years$939$623$402$254$158$14
37 years$903$592$377$234$143$12
38 years$870$563$353$216$129$10
39 years$838$535$331$199$117$8
40 years$808$509$310$183$106$7
41 years$779$485$290$169$97$6
42 years$752$461$272$156$88$5
43 years$727$440$256$144$80$4
44 years$702$419$240$133$72$3
45 years$679$400$225$123$66$3
46 years$657$381$212$114$60$2
47 years$635$364$199$105$54$2
48 years$615$347$187$97$49$2
49 years$596$332$176$90$45$1
50 years$577$317$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 $591,000, adding $6,826 every year, while hoping to spend $31,872 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: 69/25/6 Blend
44$591,000$591,000$591,000$591,000
45$658,323$627,000$617,840$702,723
46$691,560$623,811$604,626$729,806
47$727,120$619,398$589,901$754,865
48$765,204$613,667$573,581$781,402
49$806,037$606,519$555,578$809,555
50$849,862$597,848$535,799$839,478
51$896,948$587,542$514,148$871,339
52$947,590$575,485$490,525$905,324
53$1,002,110$561,549$464,823$941,641
54$1,060,864$545,604$436,934$980,517
55$1,124,242$527,508$406,741$1,022,207
56$1,192,672$507,114$374,124$1,066,988
57$1,266,626$484,264$338,959$1,115,171
58$1,346,620$458,791$301,112$1,167,097
59$1,433,224$430,520$260,448$1,223,145
60$1,527,063$399,266$216,823$1,283,731
61$1,628,824$364,831$170,087$1,349,320
62$1,739,264$327,007$120,085$1,420,420
63$1,859,214$285,576$66,654$1,497,598
64$1,989,590$240,305$9,622$1,581,477
65$2,131,397$190,949$0$1,672,748
66$2,285,742$137,248$0$1,775,453
67$2,453,845$78,930$0$1,888,026
68$2,637,045$15,706$0$2,010,793
69$2,836,818$0$0$2,144,797
70$3,054,788$0$0$2,305,694
71$3,292,742$0$0$2,486,091
72$3,552,648$0$0$2,683,163
73$3,836,673$0$0$2,898,556
74$4,147,199$0$0$3,134,083
75$4,486,854$0$0$3,391,739
76$4,858,528$0$0$3,673,723
77$5,265,404$0$0$3,982,455
78$5,710,987$0$0$4,320,598
79$6,199,138$0$0$4,691,088
80$6,734,108$0$0$5,097,156
81$7,320,578$0$0$5,542,361
82$7,963,705$0$0$6,030,625
83$8,669,169$0$0$6,566,264
84$9,443,226$0$0$7,154,034
85$10,292,764$0$0$7,799,174
86$11,225,375$0$0$8,507,455
87$12,249,418$0$0$9,285,232
88$13,374,105$0$0$10,139,508
89$14,609,579$0$0$11,077,997
90$15,967,019$0$0$12,109,195
91$17,458,736$0$0$13,242,465
92$19,098,295$0$0$14,488,120
93$20,900,641$0$0$15,857,521
94$22,882,237$0$0$17,363,188
95$25,061,222$0$0$19,018,910
96$27,457,581$0$0$20,839,883
97$30,093,332$0$0$22,842,849
98$32,992,735$0$0$25,046,252
99$36,182,518$0$0$27,470,416
100$39,692,132$0$0$30,137,731