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%19.8%
1 years$49,052$48,615$48,189$47,773$47,366$45,505
2 years$24,283$23,831$23,393$22,968$22,555$20,703
3 years$16,028$15,574$15,137$14,716$14,310$12,525
4 years$11,901$11,448$11,016$10,602$10,206$8,502
5 years$9,426$8,976$8,549$8,143$7,758$6,139
6 years$7,776$7,329$6,908$6,512$6,139$4,606
7 years$6,598$6,155$5,741$5,354$4,993$3,545
8 years$5,715$5,276$4,869$4,491$4,142$2,778
9 years$5,029$4,594$4,193$3,826$3,488$2,207
10 years$4,480$4,049$3,656$3,298$2,972$1,770
11 years$4,031$3,605$3,219$2,870$2,556$1,431
12 years$3,657$3,235$2,856$2,517$2,215$1,164
13 years$3,341$2,924$2,552$2,222$1,932$951
14 years$3,071$2,658$2,293$1,973$1,693$781
15 years$2,836$2,428$2,070$1,759$1,491$642
16 years$2,632$2,228$1,877$1,575$1,318$530
17 years$2,451$2,051$1,708$1,415$1,168$438
18 years$2,291$1,896$1,559$1,276$1,039$363
19 years$2,148$1,757$1,427$1,153$926$301
20 years$2,019$1,633$1,310$1,044$827$250
21 years$1,902$1,521$1,205$947$740$208
22 years$1,797$1,420$1,111$861$663$173
23 years$1,701$1,328$1,025$785$595$144
24 years$1,612$1,244$948$716$535$120
25 years$1,531$1,167$878$653$482$100
26 years$1,457$1,097$815$597$434$83
27 years$1,388$1,033$756$547$391$69
28 years$1,324$973$703$501$353$58
29 years$1,264$918$654$460$319$48
30 years$1,209$867$610$422$288$40
31 years$1,157$819$568$387$260$33
32 years$1,109$775$530$356$235$28
33 years$1,064$734$495$327$213$23
34 years$1,021$696$463$301$193$19
35 years$981$660$432$277$175$16
36 years$943$626$405$255$158$14
37 years$908$595$379$235$144$11
38 years$874$565$355$217$130$9
39 years$842$538$332$200$118$8
40 years$812$512$311$184$107$7
41 years$783$487$292$170$97$5
42 years$756$464$274$157$88$5
43 years$730$442$257$145$80$4
44 years$706$421$241$134$73$3
45 years$682$402$227$124$66$3
46 years$660$383$213$114$60$2
47 years$639$366$200$105$54$2
48 years$618$349$188$97$49$2
49 years$599$333$177$90$45$1
50 years$580$318$166$83$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $594,000, adding $3,904 every year, while hoping to spend $22,271 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: 46/37/17 Blend
44$594,000$594,000$594,000$594,000
45$658,615$627,133$617,926$685,556
46$702,098$634,166$614,930$711,763
47$749,269$640,798$611,088$737,627
48$800,482$646,984$606,347$765,210
49$856,124$652,680$600,653$794,683
50$916,623$657,835$593,949$826,232
51$982,447$662,398$586,175$860,064
52$1,054,114$666,313$577,269$896,410
53$1,132,192$669,521$567,166$935,523
54$1,217,307$671,958$555,797$977,684
55$1,310,147$673,558$543,090$1,023,202
56$1,411,469$674,250$528,971$1,072,422
57$1,522,109$673,958$513,362$1,125,724
58$1,642,983$672,602$496,179$1,183,527
59$1,775,104$670,096$477,338$1,246,295
60$1,919,585$666,351$456,748$1,314,543
61$2,077,650$661,269$434,317$1,388,837
62$2,250,649$654,750$409,945$1,469,806
63$2,440,068$646,686$383,531$1,558,142
64$2,647,543$636,962$354,968$1,654,612
65$2,874,876$625,456$324,143$1,760,063
66$3,124,052$612,042$290,940$1,875,430
67$3,397,255$596,582$255,236$2,001,747
68$3,696,894$578,933$216,905$2,140,156
69$4,025,619$558,943$175,813$2,291,920
70$4,386,350$536,449$131,822$2,458,430
71$4,782,305$511,283$84,785$2,641,226
72$5,217,027$483,262$34,552$2,842,009
73$5,694,418$452,196$0$3,062,654
74$6,218,779$417,884$0$3,308,690
75$6,794,845$380,112$0$3,585,863
76$7,427,836$338,654$0$3,890,455
77$8,123,499$293,272$0$4,225,287
78$8,888,168$243,714$0$4,593,473
79$9,728,819$189,713$0$4,998,446
80$10,653,139$130,990$0$5,443,992
81$11,669,597$67,247$0$5,934,289
82$12,787,524$0$0$6,473,946
83$14,017,200$0$0$7,068,790
84$15,369,951$0$0$7,753,367
85$16,858,257$0$0$8,506,623
86$18,495,869$0$0$9,335,527
87$20,297,936$0$0$10,247,759
88$22,281,151$0$0$11,251,778
89$24,463,909$0$0$12,356,907
90$26,866,476$0$0$13,573,420
91$29,511,182$0$0$14,912,634
92$32,422,635$0$0$16,387,021
93$35,627,948$0$0$18,010,325
94$39,156,995$0$0$19,797,689
95$43,042,698$0$0$21,765,799
96$47,321,331$0$0$23,933,041
97$52,032,866$0$0$26,319,677
98$57,221,346$0$0$28,948,032
99$62,935,307$0$0$31,842,707
100$69,228,230$0$0$35,030,810