Can I retire at age 45 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$48,969$48,533$48,108$47,692$47,287$46,275
2 years$24,242$23,791$23,353$22,929$22,517$21,503
3 years$16,001$15,548$15,111$14,691$14,286$13,301
4 years$11,881$11,429$10,997$10,584$10,189$9,240
5 years$9,410$8,961$8,534$8,129$7,745$6,836
6 years$7,763$7,317$6,897$6,501$6,129$5,260
7 years$6,587$6,145$5,731$5,345$4,984$4,156
8 years$5,705$5,267$4,861$4,484$4,135$3,347
9 years$5,020$4,586$4,186$3,819$3,482$2,733
10 years$4,472$4,042$3,650$3,292$2,967$2,257
11 years$4,024$3,599$3,213$2,865$2,552$1,880
12 years$3,651$3,230$2,852$2,513$2,211$1,576
13 years$3,336$2,919$2,548$2,219$1,928$1,329
14 years$3,066$2,653$2,289$1,970$1,690$1,125
15 years$2,832$2,424$2,067$1,756$1,488$957
16 years$2,627$2,224$1,874$1,573$1,315$816
17 years$2,447$2,048$1,705$1,413$1,166$698
18 years$2,287$1,892$1,557$1,273$1,037$598
19 years$2,144$1,754$1,425$1,151$924$513
20 years$2,015$1,630$1,308$1,042$826$441
21 years$1,899$1,518$1,203$946$739$380
22 years$1,794$1,417$1,109$860$662$327
23 years$1,698$1,325$1,024$783$594$282
24 years$1,610$1,242$947$714$534$244
25 years$1,529$1,165$877$652$481$211
26 years$1,454$1,095$813$596$433$182
27 years$1,385$1,031$755$546$390$158
28 years$1,322$971$702$500$352$136
29 years$1,262$916$653$459$318$118
30 years$1,207$865$609$421$287$102
31 years$1,155$818$567$387$260$89
32 years$1,107$774$529$355$235$77
33 years$1,062$733$494$327$213$67
34 years$1,019$695$462$301$193$58
35 years$979$659$432$277$174$50
36 years$942$625$404$255$158$43
37 years$906$594$378$235$143$38
38 years$873$565$354$216$130$33
39 years$841$537$332$200$118$28
40 years$811$511$311$184$107$25
41 years$782$486$291$170$97$21
42 years$755$463$273$157$88$19
43 years$729$441$257$145$80$16
44 years$705$421$241$134$72$14
45 years$681$401$226$123$66$12
46 years$659$383$212$114$60$10
47 years$637$365$200$105$54$9
48 years$617$348$188$97$49$8
49 years$598$333$176$90$45$7
50 years$579$318$166$83$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $593,000, adding $5,374 every year, while hoping to spend $35,361 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: 51/36/13 Blend
44$593,000$593,000$593,000$593,000
45$659,029$627,600$618,409$690,071
46$688,626$620,729$601,502$705,033
47$720,057$612,336$582,843$717,109
48$753,472$602,309$562,337$729,438
49$789,033$590,529$539,883$742,052
50$826,922$576,872$515,375$754,992
51$867,333$561,204$488,706$768,303
52$910,482$543,384$459,759$782,038
53$956,605$523,264$428,414$796,256
54$1,005,960$500,685$394,547$811,026
55$1,058,830$475,480$358,027$826,428
56$1,115,526$447,474$318,716$842,551
57$1,176,389$416,480$276,473$859,496
58$1,241,793$382,300$231,147$877,380
59$1,312,149$344,726$182,583$896,335
60$1,387,907$303,537$130,619$916,507
61$1,469,564$258,500$75,084$938,066
62$1,557,662$209,369$15,802$961,200
63$1,652,799$155,883$0$986,122
64$1,755,632$97,770$0$1,019,655
65$1,866,884$34,737$0$1,058,252
66$1,987,346$0$0$1,100,048
67$2,117,892$0$0$1,158,692
68$2,259,481$0$0$1,237,272
69$2,413,166$0$0$1,322,619
70$2,580,109$0$0$1,415,385
71$2,761,586$0$0$1,516,286
72$2,958,999$0$0$1,626,109
73$3,173,895$0$0$1,745,722
74$3,407,972$0$0$1,876,079
75$3,663,100$0$0$2,018,229
76$3,941,338$0$0$2,173,328
77$4,244,951$0$0$2,342,649
78$4,576,433$0$0$2,527,591
79$4,938,529$0$0$2,729,696
80$5,334,261$0$0$2,950,660
81$5,766,955$0$0$3,192,353
82$6,240,275$0$0$3,456,832
83$6,758,254$0$0$3,746,361
84$7,325,334$0$0$4,063,435
85$7,946,404$0$0$4,410,802
86$8,626,850$0$0$4,791,487
87$9,372,605$0$0$5,208,821
88$10,190,200$0$0$5,666,475
89$11,086,829$0$0$6,168,489
90$12,070,417$0$0$6,719,315
91$13,149,692$0$0$7,323,858
92$14,334,269$0$0$7,987,518
93$15,634,736$0$0$8,716,244
94$17,062,760$0$0$9,516,592
95$18,631,190$0$0$10,395,782
96$20,354,183$0$0$11,361,766
97$22,247,334$0$0$12,423,307
98$24,327,823$0$0$13,590,059
99$26,614,576$0$0$14,872,656
100$29,128,445$0$0$16,282,815