Can I retire at age 45 with 594,000?

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 $594,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$49,052$48,615$48,189$47,773$47,366$46,259
2 years$24,283$23,831$23,393$22,968$22,555$21,446
3 years$16,028$15,574$15,137$14,716$14,310$13,233
4 years$11,901$11,448$11,016$10,602$10,206$9,170
5 years$9,426$8,976$8,549$8,143$7,758$6,767
6 years$7,776$7,329$6,908$6,512$6,139$5,192
7 years$6,598$6,155$5,741$5,354$4,993$4,091
8 years$5,715$5,276$4,869$4,491$4,142$3,284
9 years$5,029$4,594$4,193$3,826$3,488$2,675
10 years$4,480$4,049$3,656$3,298$2,972$2,202
11 years$4,031$3,605$3,219$2,870$2,556$1,828
12 years$3,657$3,235$2,856$2,517$2,215$1,528
13 years$3,341$2,924$2,552$2,222$1,932$1,284
14 years$3,071$2,658$2,293$1,973$1,693$1,083
15 years$2,836$2,428$2,070$1,759$1,491$918
16 years$2,632$2,228$1,877$1,575$1,318$780
17 years$2,451$2,051$1,708$1,415$1,168$664
18 years$2,291$1,896$1,559$1,276$1,039$567
19 years$2,148$1,757$1,427$1,153$926$485
20 years$2,019$1,633$1,310$1,044$827$416
21 years$1,902$1,521$1,205$947$740$356
22 years$1,797$1,420$1,111$861$663$306
23 years$1,701$1,328$1,025$785$595$263
24 years$1,612$1,244$948$716$535$226
25 years$1,531$1,167$878$653$482$195
26 years$1,457$1,097$815$597$434$168
27 years$1,388$1,033$756$547$391$144
28 years$1,324$973$703$501$353$124
29 years$1,264$918$654$460$319$107
30 years$1,209$867$610$422$288$93
31 years$1,157$819$568$387$260$80
32 years$1,109$775$530$356$235$69
33 years$1,064$734$495$327$213$60
34 years$1,021$696$463$301$193$51
35 years$981$660$432$277$175$44
36 years$943$626$405$255$158$38
37 years$908$595$379$235$144$33
38 years$874$565$355$217$130$29
39 years$842$538$332$200$118$25
40 years$812$512$311$184$107$21
41 years$783$487$292$170$97$18
42 years$756$464$274$157$88$16
43 years$730$442$257$145$80$14
44 years$706$421$241$134$73$12
45 years$682$402$227$124$66$10
46 years$660$383$213$114$60$9
47 years$639$366$200$105$54$8
48 years$618$349$188$97$49$7
49 years$599$333$177$90$45$6
50 years$580$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 $594,000, adding $3,587 every year, while hoping to spend $46,710 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: 30/48/22 Blend
44$594,000$594,000$594,000$594,000
45$658,288$626,806$617,599$673,435
46$675,734$607,820$588,589$666,331
47$693,395$586,339$557,043$654,277
48$711,241$562,190$522,824$640,336
49$729,243$535,192$485,794$624,377
50$747,362$505,153$445,804$606,255
51$765,558$471,870$402,703$585,821
52$783,781$435,128$356,330$562,914
53$801,977$394,700$306,518$537,363
54$820,084$350,346$253,091$508,988
55$838,032$301,812$195,869$477,596
56$855,741$248,830$134,660$442,984
57$873,121$191,118$69,266$404,933
58$890,072$128,375$0$363,213
59$906,481$60,287$0$317,700
60$922,220$0$0$285,372
61$937,148$0$0$256,846
62$951,106$0$0$259,792
63$963,916$0$0$262,306
64$975,381$0$0$264,320
65$985,279$0$0$265,761
66$993,364$0$0$266,545
67$999,364$0$0$266,580
68$1,002,972$0$0$265,763
69$1,003,851$0$0$263,980
70$1,001,625$0$0$261,105
71$995,877$0$0$256,999
72$986,142$0$0$251,505
73$971,909$0$0$244,453
74$952,607$0$0$235,650
75$927,605$0$0$224,887
76$896,205$0$0$211,930
77$857,632$0$0$196,521
78$811,031$0$0$178,374
79$755,453$0$0$157,172
80$689,849$0$0$132,567
81$613,060$0$0$104,173
82$523,803$0$0$71,562
83$420,660$0$0$34,262
84$302,065$0$0$0
85$166,286$0$0$0
86$11,409$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