Can I retire at age 45 with 595,000?

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 $595,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$49,135$48,697$48,270$47,853$47,446$47,246
2 years$24,324$23,871$23,432$23,006$22,593$22,392
3 years$16,055$15,600$15,162$14,740$14,334$14,137
4 years$11,921$11,468$11,034$10,620$10,223$10,032
5 years$9,442$8,991$8,563$8,157$7,772$7,586
6 years$7,789$7,342$6,920$6,523$6,149$5,971
7 years$6,609$6,165$5,751$5,363$5,001$4,829
8 years$5,725$5,285$4,877$4,499$4,149$3,984
9 years$5,037$4,602$4,201$3,832$3,494$3,336
10 years$4,487$4,056$3,662$3,303$2,977$2,825
11 years$4,038$3,611$3,224$2,875$2,560$2,415
12 years$3,663$3,241$2,861$2,522$2,219$2,080
13 years$3,347$2,929$2,556$2,226$1,935$1,802
14 years$3,076$2,662$2,297$1,976$1,696$1,570
15 years$2,841$2,432$2,074$1,762$1,493$1,373
16 years$2,636$2,231$1,880$1,578$1,320$1,206
17 years$2,455$2,055$1,711$1,418$1,170$1,062
18 years$2,295$1,899$1,562$1,278$1,041$938
19 years$2,151$1,760$1,430$1,155$927$830
20 years$2,022$1,635$1,312$1,046$828$736
21 years$1,906$1,523$1,207$949$741$654
22 years$1,800$1,422$1,112$863$664$582
23 years$1,703$1,330$1,027$786$596$518
24 years$1,615$1,246$950$717$536$462
25 years$1,534$1,169$880$655$482$413
26 years$1,459$1,099$816$599$435$369
27 years$1,390$1,034$758$548$392$330
28 years$1,326$975$704$502$354$296
29 years$1,267$919$655$460$319$265
30 years$1,211$868$611$422$288$237
31 years$1,159$821$569$388$261$213
32 years$1,111$777$531$357$236$191
33 years$1,066$735$496$328$213$171
34 years$1,023$697$463$302$193$154
35 years$983$661$433$278$175$138
36 years$945$628$405$256$159$124
37 years$909$596$379$236$144$112
38 years$876$566$355$217$130$100
39 years$844$539$333$200$118$90
40 years$813$512$312$185$107$81
41 years$785$488$292$170$97$73
42 years$758$465$274$157$88$66
43 years$732$443$257$145$80$59
44 years$707$422$242$134$73$53
45 years$683$402$227$124$66$48
46 years$661$384$213$114$60$43
47 years$640$366$200$106$54$39
48 years$619$350$188$98$49$35
49 years$600$334$177$90$45$31
50 years$581$319$166$83$41$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $595,000, adding $6,406 every year, while hoping to spend $41,226 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: 38/47/15 Blend
44$595,000$595,000$595,000$595,000
45$662,298$630,763$621,540$684,242
46$685,988$617,806$598,498$687,574
47$710,713$602,833$573,302$686,732
48$736,535$585,700$545,836$684,936
49$763,520$566,258$515,980$682,120
50$791,741$544,347$483,608$678,218
51$821,277$519,798$448,587$673,159
52$852,212$492,433$410,779$666,868
53$884,638$462,063$370,041$659,269
54$918,654$428,487$326,220$650,281
55$954,370$391,496$279,162$639,822
56$991,901$350,865$228,700$627,806
57$1,031,377$306,360$174,663$614,144
58$1,072,936$257,730$116,873$598,742
59$1,116,729$204,712$55,142$581,505
60$1,162,922$147,029$0$562,337
61$1,211,693$84,387$0$542,852
62$1,263,238$16,474$0$530,761
63$1,317,772$0$0$517,155
64$1,375,527$0$0$531,459
65$1,436,758$0$0$555,697
66$1,501,744$0$0$581,463
67$1,570,790$0$0$608,883
68$1,644,228$0$0$638,095
69$1,722,422$0$0$669,251
70$1,805,774$0$0$702,516
71$1,894,718$0$0$738,072
72$1,989,734$0$0$776,117
73$2,091,348$0$0$816,870
74$2,200,133$0$0$860,570
75$2,316,722$0$0$907,479
76$2,441,807$0$0$957,885
77$2,576,147$0$0$1,012,105
78$2,720,576$0$0$1,070,485
79$2,876,009$0$0$1,133,408
80$3,043,451$0$0$1,201,291
81$3,224,005$0$0$1,274,595
82$3,418,886$0$0$1,353,825
83$3,629,424$0$0$1,439,537
84$3,857,084$0$0$1,532,342
85$4,103,475$0$0$1,632,911
86$4,370,366$0$0$1,741,982
87$4,659,704$0$0$1,860,368
88$4,973,625$0$0$1,988,962
89$5,314,484$0$0$2,128,745
90$5,684,867$0$0$2,280,799
91$6,087,621$0$0$2,446,313
92$6,525,877$0$0$2,626,595
93$7,003,081$0$0$2,823,084
94$7,523,023$0$0$3,037,365
95$8,089,877$0$0$3,271,182
96$8,708,235$0$0$3,526,454
97$9,383,150$0$0$3,805,295
98$10,120,188$0$0$4,110,031
99$10,925,471$0$0$4,443,223
100$11,805,744$0$0$4,807,690