Can I retire at age 45 with 595,000?

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 $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%19.6%
1 years$49,135$48,697$48,270$47,853$47,446$45,618
2 years$24,324$23,871$23,432$23,006$22,593$20,773
3 years$16,055$15,600$15,162$14,740$14,334$12,579
4 years$11,921$11,468$11,034$10,620$10,223$8,547
5 years$9,442$8,991$8,563$8,157$7,772$6,179
6 years$7,789$7,342$6,920$6,523$6,149$4,640
7 years$6,609$6,165$5,751$5,363$5,001$3,576
8 years$5,725$5,285$4,877$4,499$4,149$2,806
9 years$5,037$4,602$4,201$3,832$3,494$2,231
10 years$4,487$4,056$3,662$3,303$2,977$1,792
11 years$4,038$3,611$3,224$2,875$2,560$1,451
12 years$3,663$3,241$2,861$2,522$2,219$1,182
13 years$3,347$2,929$2,556$2,226$1,935$967
14 years$3,076$2,662$2,297$1,976$1,696$795
15 years$2,841$2,432$2,074$1,762$1,493$655
16 years$2,636$2,231$1,880$1,578$1,320$541
17 years$2,455$2,055$1,711$1,418$1,170$448
18 years$2,295$1,899$1,562$1,278$1,041$371
19 years$2,151$1,760$1,430$1,155$927$308
20 years$2,022$1,635$1,312$1,046$828$256
21 years$1,906$1,523$1,207$949$741$213
22 years$1,800$1,422$1,112$863$664$178
23 years$1,703$1,330$1,027$786$596$148
24 years$1,615$1,246$950$717$536$124
25 years$1,534$1,169$880$655$482$103
26 years$1,459$1,099$816$599$435$86
27 years$1,390$1,034$758$548$392$72
28 years$1,326$975$704$502$354$60
29 years$1,267$919$655$460$319$50
30 years$1,211$868$611$422$288$42
31 years$1,159$821$569$388$261$35
32 years$1,111$777$531$357$236$29
33 years$1,066$735$496$328$213$24
34 years$1,023$697$463$302$193$20
35 years$983$661$433$278$175$17
36 years$945$628$405$256$159$14
37 years$909$596$379$236$144$12
38 years$876$566$355$217$130$10
39 years$844$539$333$200$118$8
40 years$813$512$312$185$107$7
41 years$785$488$292$170$97$6
42 years$758$465$274$157$88$5
43 years$732$443$257$145$80$4
44 years$707$422$242$134$73$3
45 years$683$402$227$124$66$3
46 years$661$384$213$114$60$2
47 years$640$366$200$106$54$2
48 years$619$350$188$98$49$2
49 years$600$334$177$90$45$1
50 years$581$319$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 $595,000, adding $5,466 every year, while hoping to spend $30,538 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: 71/17/12 Blend
44$595,000$595,000$595,000$595,000
45$661,328$629,793$620,571$706,233
46$696,291$628,161$608,868$735,078
47$733,797$625,425$595,749$762,396
48$774,073$621,499$581,135$791,485
49$817,368$616,292$564,943$822,516
50$863,956$609,707$547,085$855,673
51$914,137$601,640$527,469$891,163
52$968,242$591,983$506,002$929,212
53$1,026,632$580,620$482,583$970,071
54$1,089,706$567,428$457,107$1,014,018
55$1,157,902$552,278$429,466$1,061,357
56$1,231,702$535,033$399,546$1,112,428
57$1,311,633$515,547$367,229$1,167,603
58$1,398,277$493,666$332,389$1,227,294
59$1,492,274$469,229$294,897$1,291,958
60$1,594,327$442,062$254,617$1,362,096
61$1,705,209$411,984$211,407$1,438,264
62$1,825,772$378,803$165,121$1,521,075
63$1,956,951$342,314$115,602$1,611,206
64$2,099,776$302,304$62,691$1,709,405
65$2,255,381$258,544$6,219$1,816,498
66$2,425,012$210,795$0$1,933,395
67$2,610,042$158,803$0$2,068,023
68$2,811,983$102,301$0$2,215,872
69$3,032,496$41,005$0$2,377,395
70$3,273,413$0$0$2,553,973
71$3,536,749$0$0$2,751,873
72$3,824,723$0$0$2,976,706
73$4,139,778$0$0$3,222,712
74$4,484,604$0$0$3,491,996
75$4,862,163$0$0$3,786,875
76$5,275,717$0$0$4,109,901
77$5,728,859$0$0$4,463,883
78$6,225,543$0$0$4,851,917
79$6,770,129$0$0$5,277,411
80$7,367,414$0$0$5,744,119
81$8,022,684$0$0$6,256,176
82$8,741,762$0$0$6,818,137
83$9,531,059$0$0$7,435,019
84$10,397,640$0$0$8,112,348
85$11,349,287$0$0$8,856,212
86$12,394,570$0$0$9,673,316
87$13,542,934$0$0$10,571,049
88$14,804,781$0$0$11,557,548
89$16,191,570$0$0$12,641,781
90$17,715,928$0$0$13,833,624
91$19,391,765$0$0$15,143,961
92$21,234,404$0$0$16,584,780
93$23,260,731$0$0$18,169,290
94$25,489,345$0$0$19,912,046
95$27,940,743$0$0$21,829,082
96$30,637,505$0$0$23,938,065
97$33,604,511$0$0$26,258,460
98$36,869,175$0$0$28,811,715
99$40,461,699$0$0$31,621,461
100$44,415,365$0$0$34,713,736