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%17.3%
1 years$48,969$48,533$48,108$47,692$47,287$45,883
2 years$24,242$23,791$23,353$22,929$22,517$21,115
3 years$16,001$15,548$15,111$14,691$14,286$12,929
4 years$11,881$11,429$10,997$10,584$10,189$8,887
5 years$9,410$8,961$8,534$8,129$7,745$6,503
6 years$7,763$7,317$6,897$6,501$6,129$4,946
7 years$6,587$6,145$5,731$5,345$4,984$3,862
8 years$5,705$5,267$4,861$4,484$4,135$3,072
9 years$5,020$4,586$4,186$3,819$3,482$2,477
10 years$4,472$4,042$3,650$3,292$2,967$2,019
11 years$4,024$3,599$3,213$2,865$2,552$1,659
12 years$3,651$3,230$2,852$2,513$2,211$1,372
13 years$3,336$2,919$2,548$2,219$1,928$1,141
14 years$3,066$2,653$2,289$1,970$1,690$952
15 years$2,832$2,424$2,067$1,756$1,488$798
16 years$2,627$2,224$1,874$1,573$1,315$670
17 years$2,447$2,048$1,705$1,413$1,166$564
18 years$2,287$1,892$1,557$1,273$1,037$476
19 years$2,144$1,754$1,425$1,151$924$402
20 years$2,015$1,630$1,308$1,042$826$340
21 years$1,899$1,518$1,203$946$739$288
22 years$1,794$1,417$1,109$860$662$245
23 years$1,698$1,325$1,024$783$594$208
24 years$1,610$1,242$947$714$534$176
25 years$1,529$1,165$877$652$481$150
26 years$1,454$1,095$813$596$433$127
27 years$1,385$1,031$755$546$390$108
28 years$1,322$971$702$500$352$92
29 years$1,262$916$653$459$318$78
30 years$1,207$865$609$421$287$67
31 years$1,155$818$567$387$260$57
32 years$1,107$774$529$355$235$48
33 years$1,062$733$494$327$213$41
34 years$1,019$695$462$301$193$35
35 years$979$659$432$277$174$30
36 years$942$625$404$255$158$25
37 years$906$594$378$235$143$22
38 years$873$565$354$216$130$19
39 years$841$537$332$200$118$16
40 years$811$511$311$184$107$13
41 years$782$486$291$170$97$11
42 years$755$463$273$157$88$10
43 years$729$441$257$145$80$8
44 years$705$421$241$134$72$7
45 years$681$401$226$123$66$6
46 years$659$383$212$114$60$5
47 years$637$365$200$105$54$4
48 years$617$348$188$97$49$4
49 years$598$333$176$90$45$3
50 years$579$318$166$83$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $593,000, adding $3,103 every year, while hoping to spend $22,652 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: 46/40/14 Blend
44$593,000$593,000$593,000$593,000
45$656,687$625,258$616,066$684,156
46$699,567$631,794$612,603$710,079
47$746,062$637,891$608,264$735,633
48$796,517$643,504$602,997$762,858
49$851,310$648,584$596,746$791,919
50$910,859$653,080$589,452$822,995
51$975,622$656,936$581,055$856,290
52$1,046,104$660,095$571,489$892,023
53$1,122,862$662,494$560,688$930,442
54$1,206,505$664,068$548,583$971,818
55$1,297,707$664,746$535,099$1,016,453
56$1,397,208$664,453$520,159$1,064,679
57$1,505,822$663,111$503,684$1,116,865
58$1,624,448$660,635$485,589$1,173,417
59$1,754,072$656,936$465,786$1,234,787
60$1,895,781$651,919$444,184$1,301,473
61$2,050,772$645,485$420,686$1,374,025
62$2,220,364$637,527$395,192$1,453,053
63$2,406,007$627,932$367,597$1,539,229
64$2,609,300$616,580$337,791$1,633,298
65$2,832,001$603,346$305,660$1,736,082
66$3,076,049$588,094$271,084$1,848,490
67$3,343,579$570,683$233,938$1,971,526
68$3,636,941$550,963$194,092$2,106,301
69$3,958,723$528,775$151,408$2,254,040
70$4,311,778$503,950$105,746$2,416,097
71$4,699,246$476,311$56,955$2,593,969
72$5,124,588$445,668$4,882$2,789,309
73$5,591,614$411,824$0$3,003,941
74$6,104,523$374,568$0$3,247,453
75$6,667,939$333,676$0$3,515,769
76$7,286,957$288,915$0$3,810,643
77$7,967,191$240,036$0$4,134,815
78$8,714,822$186,775$0$4,491,311
79$9,536,664$128,857$0$4,883,466
80$10,440,221$65,988$0$5,314,962
81$11,433,761$0$0$5,789,860
82$12,526,394$0$0$6,313,584
83$13,728,158$0$0$6,921,639
84$15,050,109$0$0$7,590,583
85$16,504,433$0$0$8,326,592
86$18,104,553$0$0$9,136,470
87$19,865,259$0$0$10,027,713
88$21,802,851$0$0$11,008,582
89$23,935,284$0$0$12,088,178
90$26,282,343$0$0$13,276,529
91$28,865,832$0$0$14,584,686
92$31,709,771$0$0$16,024,824
93$34,840,630$0$0$17,610,360
94$38,287,575$0$0$19,356,077
95$42,082,744$0$0$21,278,265
96$46,261,550$0$0$23,394,875
97$50,863,015$0$0$25,725,684
98$55,930,137$0$0$28,292,489
99$61,510,298$0$0$31,119,306
100$67,655,706$0$0$34,232,599