Can I retire at age 45 with 594,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$49,052$48,615$48,189$47,773$47,366$47,068
2 years$24,283$23,831$23,393$22,968$22,555$22,254
3 years$16,028$15,574$15,137$14,716$14,310$14,016
4 years$11,901$11,448$11,016$10,602$10,206$9,921
5 years$9,426$8,976$8,549$8,143$7,758$7,483
6 years$7,776$7,329$6,908$6,512$6,139$5,874
7 years$6,598$6,155$5,741$5,354$4,993$4,738
8 years$5,715$5,276$4,869$4,491$4,142$3,897
9 years$5,029$4,594$4,193$3,826$3,488$3,254
10 years$4,480$4,049$3,656$3,298$2,972$2,748
11 years$4,031$3,605$3,219$2,870$2,556$2,342
12 years$3,657$3,235$2,856$2,517$2,215$2,010
13 years$3,341$2,924$2,552$2,222$1,932$1,737
14 years$3,071$2,658$2,293$1,973$1,693$1,508
15 years$2,836$2,428$2,070$1,759$1,491$1,314
16 years$2,632$2,228$1,877$1,575$1,318$1,150
17 years$2,451$2,051$1,708$1,415$1,168$1,009
18 years$2,291$1,896$1,559$1,276$1,039$888
19 years$2,148$1,757$1,427$1,153$926$783
20 years$2,019$1,633$1,310$1,044$827$692
21 years$1,902$1,521$1,205$947$740$613
22 years$1,797$1,420$1,111$861$663$543
23 years$1,701$1,328$1,025$785$595$482
24 years$1,612$1,244$948$716$535$428
25 years$1,531$1,167$878$653$482$381
26 years$1,457$1,097$815$597$434$339
27 years$1,388$1,033$756$547$391$302
28 years$1,324$973$703$501$353$270
29 years$1,264$918$654$460$319$241
30 years$1,209$867$610$422$288$215
31 years$1,157$819$568$387$260$192
32 years$1,109$775$530$356$235$171
33 years$1,064$734$495$327$213$153
34 years$1,021$696$463$301$193$137
35 years$981$660$432$277$175$123
36 years$943$626$405$255$158$110
37 years$908$595$379$235$144$98
38 years$874$565$355$217$130$88
39 years$842$538$332$200$118$79
40 years$812$512$311$184$107$70
41 years$783$487$292$170$97$63
42 years$756$464$274$157$88$57
43 years$730$442$257$145$80$51
44 years$706$421$241$134$73$45
45 years$682$402$227$124$66$41
46 years$660$383$213$114$60$36
47 years$639$366$200$105$54$33
48 years$618$349$188$97$49$29
49 years$599$333$177$90$45$26
50 years$580$318$166$83$41$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $594,000, adding $2,259 every year, while hoping to spend $28,372 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: 72/10/18 Blend
44$594,000$594,000$594,000$594,000
45$656,918$625,436$616,229$701,274
46$693,736$625,895$606,685$731,503
47$733,359$625,425$595,871$760,960
48$776,042$623,952$583,713$792,493
49$822,067$621,394$570,136$826,303
50$871,743$617,668$555,061$862,611
51$925,410$612,682$538,404$901,661
52$983,440$606,342$520,079$943,724
53$1,046,244$598,546$499,995$989,098
54$1,114,272$589,186$478,056$1,038,111
55$1,188,021$578,149$454,164$1,091,126
56$1,268,035$565,314$428,214$1,148,544
57$1,354,913$550,553$400,098$1,210,808
58$1,449,316$533,732$369,703$1,278,405
59$1,551,968$514,707$336,910$1,351,873
60$1,663,667$493,326$301,595$1,431,808
61$1,785,292$469,430$263,629$1,518,864
62$1,917,809$442,848$222,878$1,613,766
63$2,062,280$413,403$179,199$1,717,313
64$2,219,876$380,903$132,446$1,830,385
65$2,391,885$345,149$82,464$1,953,956
66$2,579,725$305,929$29,095$2,089,097
67$2,784,957$263,019$0$2,236,994
68$3,009,298$216,183$0$2,404,303
69$3,254,640$165,170$0$2,593,425
70$3,523,068$109,717$0$2,800,392
71$3,816,872$49,545$0$3,026,993
72$4,138,581$0$0$3,275,201
73$4,490,973$0$0$3,548,912
74$4,877,113$0$0$3,854,837
75$5,300,373$0$0$4,190,200
76$5,764,468$0$0$4,557,949
77$6,273,490$0$0$4,961,329
78$6,831,945$0$0$5,403,916
79$7,444,797$0$0$5,889,647
80$8,117,513$0$0$6,422,861
81$8,856,118$0$0$7,008,335
82$9,667,244$0$0$7,651,333
83$10,558,200$0$0$8,357,654
84$11,537,039$0$0$9,133,685
85$12,612,629$0$0$9,986,463
86$13,794,742$0$0$10,923,740
87$15,094,143$0$0$11,954,058
88$16,522,691$0$0$13,086,824
89$18,093,452$0$0$14,332,407
90$19,820,823$0$0$15,702,227
91$21,720,664$0$0$17,208,868
92$23,810,449$0$0$18,866,194
93$26,109,432$0$0$20,689,481
94$28,638,827$0$0$22,695,560
95$31,422,006$0$0$24,902,975
96$34,484,722$0$0$27,332,159
97$37,855,353$0$0$30,005,626
98$41,565,163$0$0$32,948,182
99$45,648,604$0$0$36,187,162
100$50,143,635$0$0$39,752,683