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%19.5%
1 years$48,887$48,451$48,026$47,612$47,207$45,406
2 years$24,201$23,751$23,314$22,890$22,479$20,686
3 years$15,974$15,521$15,086$14,666$14,262$12,533
4 years$11,861$11,410$10,978$10,566$10,172$8,520
5 years$9,394$8,945$8,520$8,116$7,732$6,162
6 years$7,750$7,305$6,885$6,490$6,118$4,631
7 years$6,576$6,134$5,722$5,336$4,976$3,570
8 years$5,696$5,258$4,852$4,476$4,128$2,803
9 years$5,012$4,578$4,179$3,813$3,476$2,231
10 years$4,465$4,036$3,644$3,287$2,962$1,793
11 years$4,017$3,593$3,208$2,860$2,547$1,452
12 years$3,645$3,225$2,847$2,509$2,208$1,184
13 years$3,330$2,914$2,543$2,215$1,925$969
14 years$3,060$2,649$2,285$1,966$1,687$797
15 years$2,827$2,420$2,063$1,754$1,486$657
16 years$2,623$2,220$1,871$1,570$1,313$543
17 years$2,443$2,045$1,702$1,411$1,164$450
18 years$2,283$1,889$1,554$1,271$1,035$374
19 years$2,140$1,751$1,423$1,149$923$311
20 years$2,012$1,627$1,306$1,040$824$258
21 years$1,896$1,516$1,201$944$738$215
22 years$1,791$1,415$1,107$859$661$179
23 years$1,695$1,323$1,022$782$593$150
24 years$1,607$1,240$945$713$533$125
25 years$1,526$1,163$875$651$480$104
26 years$1,452$1,093$812$595$432$87
27 years$1,383$1,029$754$545$390$73
28 years$1,319$970$701$499$352$61
29 years$1,260$915$652$458$318$51
30 years$1,205$864$607$420$287$42
31 years$1,154$817$566$386$259$36
32 years$1,105$773$528$355$235$30
33 years$1,060$732$493$326$212$25
34 years$1,018$694$461$300$192$21
35 years$978$658$431$276$174$17
36 years$940$624$403$254$158$15
37 years$905$593$377$234$143$12
38 years$871$564$353$216$130$10
39 years$839$536$331$199$118$9
40 years$809$510$310$184$107$7
41 years$781$485$291$170$97$6
42 years$754$462$273$156$88$5
43 years$728$440$256$144$80$4
44 years$703$420$240$133$72$3
45 years$680$400$226$123$66$3
46 years$658$382$212$114$60$2
47 years$636$364$199$105$54$2
48 years$616$348$187$97$49$2
49 years$597$332$176$90$45$1
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 $3,838 every year, while hoping to spend $43,516 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: 59/27/14 Blend
44$592,000$592,000$592,000$592,000
45$656,343$624,967$615,791$692,540
46$676,989$609,290$590,119$701,734
47$698,283$591,386$562,129$706,572
48$720,244$571,100$531,697$710,820
49$742,894$548,268$498,693$714,425
50$766,253$522,718$462,983$717,334
51$790,343$494,264$424,426$719,489
52$815,188$462,712$382,874$720,827
53$840,810$427,858$338,173$721,284
54$867,234$389,484$290,163$720,790
55$894,483$347,360$238,675$719,272
56$922,584$301,245$183,534$716,654
57$951,563$250,880$124,558$712,852
58$981,446$195,997$61,554$707,781
59$1,012,260$136,308$0$701,348
60$1,044,035$71,512$0$694,306
61$1,076,800$1,289$0$695,569
62$1,110,584$0$0$695,859
63$1,145,419$0$0$717,287
64$1,181,336$0$0$739,775
65$1,218,368$0$0$762,961
66$1,256,547$0$0$786,865
67$1,295,909$0$0$811,508
68$1,336,489$0$0$836,914
69$1,378,322$0$0$863,104
70$1,421,446$0$0$890,101
71$1,465,898$0$0$917,929
72$1,511,718$0$0$946,612
73$1,558,944$0$0$976,175
74$1,607,618$0$0$1,006,643
75$1,657,782$0$0$1,038,042
76$1,709,476$0$0$1,070,399
77$1,762,746$0$0$1,103,740
78$1,817,634$0$0$1,138,093
79$1,874,187$0$0$1,173,486
80$1,932,449$0$0$1,209,947
81$1,992,467$0$0$1,247,505
82$2,054,289$0$0$1,286,190
83$2,117,962$0$0$1,326,030
84$2,183,535$0$0$1,367,057
85$2,251,057$0$0$1,409,301
86$2,320,578$0$0$1,452,792
87$2,392,147$0$0$1,497,560
88$2,465,814$0$0$1,543,638
89$2,541,630$0$0$1,591,055
90$2,619,645$0$0$1,639,842
91$2,699,908$0$0$1,690,031
92$2,782,470$0$0$1,741,651
93$2,867,379$0$0$1,794,732
94$2,954,683$0$0$1,849,304
95$3,044,430$0$0$1,905,394
96$3,136,664$0$0$1,963,031
97$3,231,430$0$0$2,022,241
98$3,328,768$0$0$2,083,047
99$3,428,719$0$0$2,145,474
100$3,531,318$0$0$2,209,542