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%13.9%
1 years$49,052$48,615$48,189$47,773$47,366$46,601
2 years$24,283$23,831$23,393$22,968$22,555$21,786
3 years$16,028$15,574$15,137$14,716$14,310$13,561
4 years$11,901$11,448$11,016$10,602$10,206$9,483
5 years$9,426$8,976$8,549$8,143$7,758$7,064
6 years$7,776$7,329$6,908$6,512$6,139$5,473
7 years$6,598$6,155$5,741$5,354$4,993$4,356
8 years$5,715$5,276$4,869$4,491$4,142$3,535
9 years$5,029$4,594$4,193$3,826$3,488$2,909
10 years$4,480$4,049$3,656$3,298$2,972$2,422
11 years$4,031$3,605$3,219$2,870$2,556$2,033
12 years$3,657$3,235$2,856$2,517$2,215$1,719
13 years$3,341$2,924$2,552$2,222$1,932$1,462
14 years$3,071$2,658$2,293$1,973$1,693$1,249
15 years$2,836$2,428$2,070$1,759$1,491$1,072
16 years$2,632$2,228$1,877$1,575$1,318$922
17 years$2,451$2,051$1,708$1,415$1,168$796
18 years$2,291$1,896$1,559$1,276$1,039$688
19 years$2,148$1,757$1,427$1,153$926$597
20 years$2,019$1,633$1,310$1,044$827$518
21 years$1,902$1,521$1,205$947$740$450
22 years$1,797$1,420$1,111$861$663$392
23 years$1,701$1,328$1,025$785$595$342
24 years$1,612$1,244$948$716$535$298
25 years$1,531$1,167$878$653$482$260
26 years$1,457$1,097$815$597$434$227
27 years$1,388$1,033$756$547$391$199
28 years$1,324$973$703$501$353$174
29 years$1,264$918$654$460$319$152
30 years$1,209$867$610$422$288$133
31 years$1,157$819$568$387$260$117
32 years$1,109$775$530$356$235$102
33 years$1,064$734$495$327$213$90
34 years$1,021$696$463$301$193$78
35 years$981$660$432$277$175$69
36 years$943$626$405$255$158$60
37 years$908$595$379$235$144$53
38 years$874$565$355$217$130$46
39 years$842$538$332$200$118$41
40 years$812$512$311$184$107$36
41 years$783$487$292$170$97$31
42 years$756$464$274$157$88$27
43 years$730$442$257$145$80$24
44 years$706$421$241$134$73$21
45 years$682$402$227$124$66$19
46 years$660$383$213$114$60$16
47 years$639$366$200$105$54$14
48 years$618$349$188$97$49$13
49 years$599$333$177$90$45$11
50 years$580$318$166$83$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $594,000, adding $5,244 every year, while hoping to spend $26,066 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: 70/12/18 Blend
44$594,000$594,000$594,000$594,000
45$659,997$628,515$619,308$702,999
46$699,583$631,578$612,321$735,382
47$742,333$633,918$604,226$767,221
48$788,542$635,471$594,959$801,413
49$838,535$636,171$584,452$838,188
50$892,668$635,946$572,634$877,800
51$951,334$634,722$559,431$920,527
52$1,014,964$632,417$544,765$966,678
53$1,084,032$628,946$528,557$1,016,592
54$1,159,059$624,221$510,719$1,070,645
55$1,240,619$618,144$491,165$1,129,252
56$1,329,344$610,614$469,800$1,192,868
57$1,425,927$601,525$446,528$1,261,998
58$1,531,133$590,761$421,248$1,337,198
59$1,645,802$578,202$393,854$1,419,083
60$1,770,861$563,720$364,235$1,508,328
61$1,907,326$547,180$332,274$1,605,683
62$2,056,320$528,439$297,852$1,711,970
63$2,219,076$507,344$260,842$1,828,099
64$2,396,954$483,735$221,111$1,955,074
65$2,591,448$457,443$178,523$2,094,002
66$2,804,206$428,288$132,934$2,246,103
67$3,037,040$396,079$84,193$2,412,725
68$3,291,948$360,617$32,143$2,595,354
69$3,571,128$321,689$0$2,795,628
70$3,877,002$279,070$0$3,019,852
71$4,212,236$232,524$0$3,272,403
72$4,579,766$181,800$0$3,549,336
73$4,982,828$126,635$0$3,853,113
74$5,424,984$66,747$0$4,186,446
75$5,910,159$1,844$0$4,552,326
76$6,442,673$0$0$4,954,046
77$7,027,289$0$0$5,404,269
78$7,669,250$0$0$5,898,955
79$8,374,335$0$0$6,442,319
80$9,148,908$0$0$7,039,268
81$9,999,979$0$0$7,695,211
82$10,935,272$0$0$8,416,106
83$11,963,297$0$0$9,208,514
84$13,093,429$0$0$10,079,669
85$14,335,995$0$0$11,037,535
86$15,702,375$0$0$12,090,891
87$17,205,105$0$0$13,249,406
88$18,857,997$0$0$14,523,735
89$20,676,271$0$0$15,925,617
90$22,676,693$0$0$17,467,985
91$24,877,739$0$0$19,165,090
92$27,299,764$0$0$21,032,634
93$29,965,197$0$0$23,087,917
94$32,898,752$0$0$25,350,003
95$36,127,658$0$0$27,839,896
96$39,681,919$0$0$30,580,741
97$43,594,596$0$0$33,598,038
98$47,902,117$0$0$36,919,889
99$52,644,623$0$0$40,577,256
100$57,866,344$0$0$44,604,258