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%14.4%
1 years$48,969$48,533$48,108$47,692$47,287$46,427
2 years$24,242$23,791$23,353$22,929$22,517$21,654
3 years$16,001$15,548$15,111$14,691$14,286$13,446
4 years$11,881$11,429$10,997$10,584$10,189$9,379
5 years$9,410$8,961$8,534$8,129$7,745$6,968
6 years$7,763$7,317$6,897$6,501$6,129$5,385
7 years$6,587$6,145$5,731$5,345$4,984$4,274
8 years$5,705$5,267$4,861$4,484$4,135$3,457
9 years$5,020$4,586$4,186$3,819$3,482$2,838
10 years$4,472$4,042$3,650$3,292$2,967$2,355
11 years$4,024$3,599$3,213$2,865$2,552$1,971
12 years$3,651$3,230$2,852$2,513$2,211$1,661
13 years$3,336$2,919$2,548$2,219$1,928$1,408
14 years$3,066$2,653$2,289$1,970$1,690$1,199
15 years$2,832$2,424$2,067$1,756$1,488$1,025
16 years$2,627$2,224$1,874$1,573$1,315$879
17 years$2,447$2,048$1,705$1,413$1,166$756
18 years$2,287$1,892$1,557$1,273$1,037$651
19 years$2,144$1,754$1,425$1,151$924$562
20 years$2,015$1,630$1,308$1,042$826$487
21 years$1,899$1,518$1,203$946$739$421
22 years$1,794$1,417$1,109$860$662$365
23 years$1,698$1,325$1,024$783$594$317
24 years$1,610$1,242$947$714$534$276
25 years$1,529$1,165$877$652$481$240
26 years$1,454$1,095$813$596$433$209
27 years$1,385$1,031$755$546$390$182
28 years$1,322$971$702$500$352$158
29 years$1,262$916$653$459$318$138
30 years$1,207$865$609$421$287$120
31 years$1,155$818$567$387$260$105
32 years$1,107$774$529$355$235$91
33 years$1,062$733$494$327$213$80
34 years$1,019$695$462$301$193$70
35 years$979$659$432$277$174$61
36 years$942$625$404$255$158$53
37 years$906$594$378$235$143$46
38 years$873$565$354$216$130$41
39 years$841$537$332$200$118$35
40 years$811$511$311$184$107$31
41 years$782$486$291$170$97$27
42 years$755$463$273$157$88$24
43 years$729$441$257$145$80$21
44 years$705$421$241$134$72$18
45 years$681$401$226$123$66$16
46 years$659$383$212$114$60$14
47 years$637$365$200$105$54$12
48 years$617$348$188$97$49$11
49 years$598$333$176$90$45$9
50 years$579$318$166$83$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $593,000, adding $3,262 every year, while hoping to spend $37,997 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: 29/44/27 Blend
44$593,000$593,000$593,000$593,000
45$656,851$625,422$616,230$670,339
46$683,421$615,639$596,445$671,430
47$711,428$604,103$574,724$669,072
48$740,978$590,689$550,962$665,772
49$772,187$575,262$525,049$661,476
50$805,182$557,681$496,869$656,127
51$840,100$537,798$466,305$649,667
52$877,094$515,453$433,229$642,035
53$916,326$490,479$397,511$633,171
54$957,978$462,699$359,014$623,013
55$1,002,246$431,926$317,596$611,498
56$1,049,346$397,961$273,106$598,560
57$1,099,514$360,596$225,389$584,135
58$1,153,008$319,608$174,283$568,160
59$1,210,110$274,764$119,617$550,567
60$1,271,131$225,817$61,214$531,294
61$1,336,410$172,506$0$510,276
62$1,406,320$114,555$0$487,772
63$1,481,268$51,672$0$482,242
64$1,561,704$0$0$476,034
65$1,648,119$0$0$477,117
66$1,741,052$0$0$505,255
67$1,841,096$0$0$535,616
68$1,948,903$0$0$568,407
69$2,065,186$0$0$603,854
70$2,190,731$0$0$642,207
71$2,326,401$0$0$683,741
72$2,473,144$0$0$728,755
73$2,632,003$0$0$777,583
74$2,804,122$0$0$830,587
75$2,990,764$0$0$888,169
76$3,193,312$0$0$950,769
77$3,413,291$0$0$1,018,873
78$3,652,377$0$0$1,093,014
79$3,912,415$0$0$1,173,779
80$4,195,432$0$0$1,261,814
81$4,503,661$0$0$1,357,831
82$4,839,560$0$0$1,462,611
83$5,205,830$0$0$1,577,018
84$5,605,448$0$0$1,701,998
85$6,041,688$0$0$1,838,595
86$6,518,156$0$0$1,987,961
87$7,038,821$0$0$2,151,359
88$7,608,052$0$0$2,330,183
89$8,230,660$0$0$2,525,968
90$8,911,940$0$0$2,740,404
91$9,657,727$0$0$2,975,351
92$10,474,442$0$0$3,232,858
93$11,369,159$0$0$3,515,183
94$12,349,665$0$0$3,824,810
95$13,424,540$0$0$4,164,479
96$14,603,232$0$0$4,537,205
97$15,896,146$0$0$4,946,309
98$17,314,743$0$0$5,395,450
99$18,871,649$0$0$5,888,659
100$20,580,770$0$0$6,430,376