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%17.9%
1 years$49,052$48,615$48,189$47,773$47,366$45,850
2 years$24,283$23,831$23,393$22,968$22,555$21,042
3 years$16,028$15,574$15,137$14,716$14,310$12,847
4 years$11,901$11,448$11,016$10,602$10,206$8,804
5 years$9,426$8,976$8,549$8,143$7,758$6,421
6 years$7,776$7,329$6,908$6,512$6,139$4,868
7 years$6,598$6,155$5,741$5,354$4,993$3,788
8 years$5,715$5,276$4,869$4,491$4,142$3,002
9 years$5,029$4,594$4,193$3,826$3,488$2,413
10 years$4,480$4,049$3,656$3,298$2,972$1,959
11 years$4,031$3,605$3,219$2,870$2,556$1,603
12 years$3,657$3,235$2,856$2,517$2,215$1,321
13 years$3,341$2,924$2,552$2,222$1,932$1,094
14 years$3,071$2,658$2,293$1,973$1,693$909
15 years$2,836$2,428$2,070$1,759$1,491$758
16 years$2,632$2,228$1,877$1,575$1,318$634
17 years$2,451$2,051$1,708$1,415$1,168$532
18 years$2,291$1,896$1,559$1,276$1,039$447
19 years$2,148$1,757$1,427$1,153$926$376
20 years$2,019$1,633$1,310$1,044$827$316
21 years$1,902$1,521$1,205$947$740$267
22 years$1,797$1,420$1,111$861$663$225
23 years$1,701$1,328$1,025$785$595$190
24 years$1,612$1,244$948$716$535$161
25 years$1,531$1,167$878$653$482$136
26 years$1,457$1,097$815$597$434$115
27 years$1,388$1,033$756$547$391$97
28 years$1,324$973$703$501$353$82
29 years$1,264$918$654$460$319$70
30 years$1,209$867$610$422$288$59
31 years$1,157$819$568$387$260$50
32 years$1,109$775$530$356$235$42
33 years$1,064$734$495$327$213$36
34 years$1,021$696$463$301$193$31
35 years$981$660$432$277$175$26
36 years$943$626$405$255$158$22
37 years$908$595$379$235$144$19
38 years$874$565$355$217$130$16
39 years$842$538$332$200$118$13
40 years$812$512$311$184$107$11
41 years$783$487$292$170$97$10
42 years$756$464$274$157$88$8
43 years$730$442$257$145$80$7
44 years$706$421$241$134$73$6
45 years$682$402$227$124$66$5
46 years$660$383$213$114$60$4
47 years$639$366$200$105$54$4
48 years$618$349$188$97$49$3
49 years$599$333$177$90$45$3
50 years$580$318$166$83$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $594,000, adding $2,342 every year, while hoping to spend $44,026 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: 51/26/23 Blend
44$594,000$594,000$594,000$594,000
45$657,004$625,522$616,315$686,180
46$677,175$609,329$590,118$690,443
47$697,928$590,867$561,568$690,391
48$719,275$569,979$530,540$689,427
49$741,231$546,497$496,902$687,480
50$763,806$520,245$460,518$684,476
51$787,013$491,036$421,244$680,338
52$810,865$458,673$378,932$674,983
53$835,372$422,947$333,425$668,324
54$860,545$383,636$284,560$660,268
55$886,395$340,509$232,167$650,717
56$912,931$293,317$176,068$639,566
57$940,161$241,802$116,078$626,705
58$968,094$185,686$52,003$612,018
59$996,734$124,680$0$595,381
60$1,026,088$58,476$0$580,682
61$1,056,158$0$0$577,643
62$1,086,946$0$0$577,187
63$1,118,450$0$0$593,831
64$1,150,668$0$0$610,844
65$1,183,593$0$0$628,219
66$1,217,217$0$0$645,951
67$1,251,526$0$0$664,032
68$1,286,505$0$0$682,451
69$1,322,133$0$0$701,196
70$1,358,383$0$0$720,250
71$1,395,225$0$0$739,596
72$1,432,620$0$0$759,209
73$1,470,525$0$0$779,065
74$1,508,887$0$0$799,132
75$1,547,646$0$0$819,376
76$1,586,731$0$0$839,754
77$1,626,061$0$0$860,219
78$1,665,544$0$0$880,719
79$1,705,073$0$0$901,192
80$1,744,528$0$0$921,568
81$1,783,771$0$0$941,768
82$1,822,649$0$0$961,705
83$1,860,985$0$0$981,277
84$1,898,583$0$0$1,000,371
85$1,935,221$0$0$1,018,863
86$1,970,651$0$0$1,036,608
87$2,004,592$0$0$1,053,449
88$2,036,732$0$0$1,069,208
89$2,066,723$0$0$1,083,686
90$2,094,173$0$0$1,096,661
91$2,118,647$0$0$1,107,887
92$2,139,661$0$0$1,117,087
93$2,156,672$0$0$1,123,956
94$2,169,079$0$0$1,128,153
95$2,176,214$0$0$1,129,299
96$2,177,332$0$0$1,126,973
97$2,171,607$0$0$1,120,709
98$2,158,121$0$0$1,109,987
99$2,135,858$0$0$1,094,233
100$2,103,689$0$0$1,072,809