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%15.6%
1 years$48,969$48,533$48,108$47,692$47,287$46,200
2 years$24,242$23,791$23,353$22,929$22,517$21,428
3 years$16,001$15,548$15,111$14,691$14,286$13,229
4 years$11,881$11,429$10,997$10,584$10,189$9,172
5 years$9,410$8,961$8,534$8,129$7,745$6,771
6 years$7,763$7,317$6,897$6,501$6,129$5,198
7 years$6,587$6,145$5,731$5,345$4,984$4,098
8 years$5,705$5,267$4,861$4,484$4,135$3,292
9 years$5,020$4,586$4,186$3,819$3,482$2,683
10 years$4,472$4,042$3,650$3,292$2,967$2,210
11 years$4,024$3,599$3,213$2,865$2,552$1,836
12 years$3,651$3,230$2,852$2,513$2,211$1,535
13 years$3,336$2,919$2,548$2,219$1,928$1,291
14 years$3,066$2,653$2,289$1,970$1,690$1,090
15 years$2,832$2,424$2,067$1,756$1,488$924
16 years$2,627$2,224$1,874$1,573$1,315$786
17 years$2,447$2,048$1,705$1,413$1,166$670
18 years$2,287$1,892$1,557$1,273$1,037$572
19 years$2,144$1,754$1,425$1,151$924$490
20 years$2,015$1,630$1,308$1,042$826$420
21 years$1,899$1,518$1,203$946$739$360
22 years$1,794$1,417$1,109$860$662$310
23 years$1,698$1,325$1,024$783$594$266
24 years$1,610$1,242$947$714$534$229
25 years$1,529$1,165$877$652$481$197
26 years$1,454$1,095$813$596$433$170
27 years$1,385$1,031$755$546$390$147
28 years$1,322$971$702$500$352$127
29 years$1,262$916$653$459$318$109
30 years$1,207$865$609$421$287$94
31 years$1,155$818$567$387$260$81
32 years$1,107$774$529$355$235$70
33 years$1,062$733$494$327$213$61
34 years$1,019$695$462$301$193$53
35 years$979$659$432$277$174$45
36 years$942$625$404$255$158$39
37 years$906$594$378$235$143$34
38 years$873$565$354$216$130$29
39 years$841$537$332$200$118$25
40 years$811$511$311$184$107$22
41 years$782$486$291$170$97$19
42 years$755$463$273$157$88$16
43 years$729$441$257$145$80$14
44 years$705$421$241$134$72$12
45 years$681$401$226$123$66$11
46 years$659$383$212$114$60$9
47 years$637$365$200$105$54$8
48 years$617$348$188$97$49$7
49 years$598$333$176$90$45$6
50 years$579$318$166$83$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $593,000, adding $2,624 every year, while hoping to spend $47,665 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: 40/31/29 Blend
44$593,000$593,000$593,000$593,000
45$656,193$624,764$615,572$676,735
46$672,409$604,662$585,479$671,837
47$688,682$581,978$552,779$661,938
48$704,967$556,534$517,337$650,328
49$721,213$528,144$479,007$636,881
50$737,364$496,609$437,641$621,462
51$753,353$461,721$393,079$603,928
52$769,107$423,258$345,160$584,125
53$784,544$380,985$293,711$561,889
54$799,570$334,657$238,553$537,046
55$814,082$284,011$179,501$509,409
56$827,963$228,771$116,358$478,778
57$841,081$168,646$48,921$444,940
58$853,289$103,329$0$407,666
59$864,425$32,492$0$373,844
60$874,307$0$0$352,698
61$882,729$0$0$343,948
62$889,468$0$0$345,496
63$894,269$0$0$346,145
64$896,854$0$0$345,771
65$896,911$0$0$344,235
66$894,093$0$0$341,382
67$888,018$0$0$337,043
68$878,259$0$0$331,028
69$864,343$0$0$323,127
70$845,748$0$0$313,107
71$821,894$0$0$300,711
72$792,138$0$0$285,655
73$755,768$0$0$267,623
74$711,998$0$0$246,265
75$659,957$0$0$221,196
76$598,680$0$0$191,989
77$527,103$0$0$158,173
78$444,046$0$0$119,225
79$348,207$0$0$74,569
80$238,148$0$0$23,569
81$112,277$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0