Can I retire at age 45 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$48,887$48,451$48,026$47,612$47,207$46,330
2 years$24,201$23,751$23,314$22,890$22,479$21,599
3 years$15,974$15,521$15,086$14,666$14,262$13,405
4 years$11,861$11,410$10,978$10,566$10,172$9,346
5 years$9,394$8,945$8,520$8,116$7,732$6,940
6 years$7,750$7,305$6,885$6,490$6,118$5,360
7 years$6,576$6,134$5,722$5,336$4,976$4,251
8 years$5,696$5,258$4,852$4,476$4,128$3,438
9 years$5,012$4,578$4,179$3,813$3,476$2,820
10 years$4,465$4,036$3,644$3,287$2,962$2,338
11 years$4,017$3,593$3,208$2,860$2,547$1,956
12 years$3,645$3,225$2,847$2,509$2,208$1,647
13 years$3,330$2,914$2,543$2,215$1,925$1,395
14 years$3,060$2,649$2,285$1,966$1,687$1,188
15 years$2,827$2,420$2,063$1,754$1,486$1,014
16 years$2,623$2,220$1,871$1,570$1,313$869
17 years$2,443$2,045$1,702$1,411$1,164$747
18 years$2,283$1,889$1,554$1,271$1,035$643
19 years$2,140$1,751$1,423$1,149$923$555
20 years$2,012$1,627$1,306$1,040$824$480
21 years$1,896$1,516$1,201$944$738$415
22 years$1,791$1,415$1,107$859$661$360
23 years$1,695$1,323$1,022$782$593$312
24 years$1,607$1,240$945$713$533$271
25 years$1,526$1,163$875$651$480$236
26 years$1,452$1,093$812$595$432$205
27 years$1,383$1,029$754$545$390$178
28 years$1,319$970$701$499$352$155
29 years$1,260$915$652$458$318$135
30 years$1,205$864$607$420$287$118
31 years$1,154$817$566$386$259$103
32 years$1,105$773$528$355$235$89
33 years$1,060$732$493$326$212$78
34 years$1,018$694$461$300$192$68
35 years$978$658$431$276$174$59
36 years$940$624$403$254$158$52
37 years$905$593$377$234$143$45
38 years$871$564$353$216$130$39
39 years$839$536$331$199$118$34
40 years$809$510$310$184$107$30
41 years$781$485$291$170$97$26
42 years$754$462$273$156$88$23
43 years$728$440$256$144$80$20
44 years$703$420$240$133$72$17
45 years$680$400$226$123$66$15
46 years$658$382$212$114$60$13
47 years$636$364$199$105$54$12
48 years$616$348$187$97$49$10
49 years$597$332$176$90$45$9
50 years$578$317$165$83$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $592,000, adding $2,499 every year, while hoping to spend $29,603 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: 40/35/25 Blend
44$592,000$592,000$592,000$592,000
45$654,962$623,586$614,410$676,234
46$690,270$622,644$603,495$690,892
47$728,189$620,664$591,223$703,774
48$768,951$617,564$577,516$717,130
49$812,815$613,256$562,294$731,021
50$860,065$607,648$545,473$745,516
51$911,011$600,642$526,966$760,693
52$965,994$592,134$506,680$776,642
53$1,025,391$582,014$484,519$793,462
54$1,089,614$570,166$460,383$811,267
55$1,159,116$556,465$434,168$830,184
56$1,234,396$540,781$405,762$850,357
57$1,316,001$522,976$375,052$871,946
58$1,404,534$502,903$341,917$895,133
59$1,500,658$480,407$306,233$920,121
60$1,605,102$455,324$267,868$947,137
61$1,718,668$427,480$226,687$976,435
62$1,842,237$396,692$182,547$1,008,300
63$1,976,781$362,766$135,298$1,043,051
64$2,123,367$325,496$84,785$1,081,043
65$2,283,172$284,666$30,846$1,122,673
66$2,457,487$240,047$0$1,168,382
67$2,647,738$191,396$0$1,225,792
68$2,855,492$138,459$0$1,297,568
69$3,082,473$80,965$0$1,376,136
70$3,330,582$18,629$0$1,462,227
71$3,601,910$0$0$1,556,652
72$3,898,758$0$0$1,679,123
73$4,223,663$0$0$1,821,099
74$4,579,416$0$0$1,976,633
75$4,969,091$0$0$2,147,079
76$5,396,075$0$0$2,333,930
77$5,864,095$0$0$2,538,826
78$6,377,258$0$0$2,763,577
79$6,940,086$0$0$3,010,175
80$7,557,563$0$0$3,280,815
81$8,235,174$0$0$3,577,913
82$8,978,963$0$0$3,904,133
83$9,795,589$0$0$4,262,407
84$10,692,385$0$0$4,655,967
85$11,677,431$0$0$5,088,372
86$12,759,625$0$0$5,563,543
87$13,948,772$0$0$6,085,801
88$15,255,674$0$0$6,659,905
89$16,692,229$0$0$7,291,098
90$18,271,549$0$0$7,985,156
91$20,008,076$0$0$8,748,445
92$21,917,722$0$0$9,587,977
93$24,018,020$0$0$10,511,478
94$26,328,286$0$0$11,527,460
95$28,869,803$0$0$12,645,302
96$31,666,020$0$0$13,875,339
97$34,742,773$0$0$15,228,956
98$38,128,530$0$0$16,718,699
99$41,854,656$0$0$18,358,392
100$45,955,714$0$0$20,163,267