Can I retire at age 45 with 592,000?

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 $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%19.1%
1 years$48,887$48,451$48,026$47,612$47,207$45,478
2 years$24,201$23,751$23,314$22,890$22,479$20,757
3 years$15,974$15,521$15,086$14,666$14,262$12,600
4 years$11,861$11,410$10,978$10,566$10,172$8,582
5 years$9,394$8,945$8,520$8,116$7,732$6,220
6 years$7,750$7,305$6,885$6,490$6,118$4,685
7 years$6,576$6,134$5,722$5,336$4,976$3,620
8 years$5,696$5,258$4,852$4,476$4,128$2,849
9 years$5,012$4,578$4,179$3,813$3,476$2,273
10 years$4,465$4,036$3,644$3,287$2,962$1,831
11 years$4,017$3,593$3,208$2,860$2,547$1,487
12 years$3,645$3,225$2,847$2,509$2,208$1,216
13 years$3,330$2,914$2,543$2,215$1,925$998
14 years$3,060$2,649$2,285$1,966$1,687$823
15 years$2,827$2,420$2,063$1,754$1,486$681
16 years$2,623$2,220$1,871$1,570$1,313$564
17 years$2,443$2,045$1,702$1,411$1,164$469
18 years$2,283$1,889$1,554$1,271$1,035$390
19 years$2,140$1,751$1,423$1,149$923$325
20 years$2,012$1,627$1,306$1,040$824$272
21 years$1,896$1,516$1,201$944$738$227
22 years$1,791$1,415$1,107$859$661$190
23 years$1,695$1,323$1,022$782$593$159
24 years$1,607$1,240$945$713$533$133
25 years$1,526$1,163$875$651$480$111
26 years$1,452$1,093$812$595$432$93
27 years$1,383$1,029$754$545$390$78
28 years$1,319$970$701$499$352$66
29 years$1,260$915$652$458$318$55
30 years$1,205$864$607$420$287$46
31 years$1,154$817$566$386$259$39
32 years$1,105$773$528$355$235$32
33 years$1,060$732$493$326$212$27
34 years$1,018$694$461$300$192$23
35 years$978$658$431$276$174$19
36 years$940$624$403$254$158$16
37 years$905$593$377$234$143$14
38 years$871$564$353$216$130$11
39 years$839$536$331$199$118$10
40 years$809$510$310$184$107$8
41 years$781$485$291$170$97$7
42 years$754$462$273$156$88$6
43 years$728$440$256$144$80$5
44 years$703$420$240$133$72$4
45 years$680$400$226$123$66$3
46 years$658$382$212$114$60$3
47 years$636$364$199$105$54$2
48 years$616$348$187$97$49$2
49 years$597$332$176$90$45$2
50 years$578$317$165$83$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $592,000, adding $5,013 every year, while hoping to spend $36,652 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: 39/43/18 Blend
44$592,000$592,000$592,000$592,000
45$657,555$626,179$617,003$679,490
46$685,628$617,864$598,675$687,349
47$715,336$607,914$578,505$691,958
48$746,808$596,209$556,392$696,175
49$780,182$582,623$532,231$699,984
50$815,612$567,023$505,912$703,368
51$853,266$549,268$477,322$706,317
52$893,326$529,209$446,339$708,818
53$935,992$506,687$412,838$710,863
54$981,484$481,536$376,689$712,446
55$1,030,041$453,577$337,754$713,567
56$1,081,928$422,625$295,891$714,226
57$1,137,432$388,481$250,951$714,431
58$1,196,870$350,936$202,777$714,194
59$1,260,588$309,769$151,208$713,535
60$1,328,966$264,747$96,072$712,481
61$1,402,423$215,622$37,193$711,066
62$1,481,417$162,133$0$709,336
63$1,566,450$104,007$0$712,271
64$1,658,075$40,950$0$722,959
65$1,756,900$0$0$734,371
66$1,863,590$0$0$759,585
67$1,978,878$0$0$807,831
68$2,103,569$0$0$860,077
69$2,238,549$0$0$916,703
70$2,384,789$0$0$978,125
71$2,543,360$0$0$1,044,801
72$2,715,438$0$0$1,117,235
73$2,902,317$0$0$1,195,983
74$3,105,420$0$0$1,281,654
75$3,326,311$0$0$1,374,920
76$3,566,714$0$0$1,476,518
77$3,828,523$0$0$1,587,262
78$4,113,823$0$0$1,708,047
79$4,424,910$0$0$1,839,856
80$4,764,310$0$0$1,983,774
81$5,134,802$0$0$2,140,994
82$5,539,448$0$0$2,312,828
83$5,981,615$0$0$2,500,723
84$6,465,013$0$0$2,706,271
85$6,993,726$0$0$2,931,226
86$7,572,250$0$0$3,177,516
87$8,205,537$0$0$3,447,268
88$8,899,037$0$0$3,742,822
89$9,658,756$0$0$4,066,757
90$10,491,304$0$0$4,421,911
91$11,403,963$0$0$4,811,412
92$12,404,755$0$0$5,238,704
93$13,502,511$0$0$5,707,581
94$14,706,961$0$0$6,222,220
95$16,028,821$0$0$6,787,225
96$17,479,896$0$0$7,407,667
97$19,073,189$0$0$8,089,130
98$20,823,024$0$0$8,837,767
99$22,745,180$0$0$9,660,357
100$24,857,039$0$0$10,564,368