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%17.5%
1 years$49,135$48,697$48,270$47,853$47,446$46,001
2 years$24,324$23,871$23,432$23,006$22,593$21,150
3 years$16,055$15,600$15,162$14,740$14,334$12,938
4 years$11,921$11,468$11,034$10,620$10,223$8,884
5 years$9,442$8,991$8,563$8,157$7,772$6,494
6 years$7,789$7,342$6,920$6,523$6,149$4,934
7 years$6,609$6,165$5,751$5,363$5,001$3,848
8 years$5,725$5,285$4,877$4,499$4,149$3,057
9 years$5,037$4,602$4,201$3,832$3,494$2,462
10 years$4,487$4,056$3,662$3,303$2,977$2,004
11 years$4,038$3,611$3,224$2,875$2,560$1,645
12 years$3,663$3,241$2,861$2,522$2,219$1,359
13 years$3,347$2,929$2,556$2,226$1,935$1,128
14 years$3,076$2,662$2,297$1,976$1,696$940
15 years$2,841$2,432$2,074$1,762$1,493$787
16 years$2,636$2,231$1,880$1,578$1,320$660
17 years$2,455$2,055$1,711$1,418$1,170$555
18 years$2,295$1,899$1,562$1,278$1,041$467
19 years$2,151$1,760$1,430$1,155$927$394
20 years$2,022$1,635$1,312$1,046$828$333
21 years$1,906$1,523$1,207$949$741$282
22 years$1,800$1,422$1,112$863$664$239
23 years$1,703$1,330$1,027$786$596$202
24 years$1,615$1,246$950$717$536$171
25 years$1,534$1,169$880$655$482$145
26 years$1,459$1,099$816$599$435$123
27 years$1,390$1,034$758$548$392$105
28 years$1,326$975$704$502$354$89
29 years$1,267$919$655$460$319$76
30 years$1,211$868$611$422$288$64
31 years$1,159$821$569$388$261$55
32 years$1,111$777$531$357$236$46
33 years$1,066$735$496$328$213$40
34 years$1,023$697$463$302$193$34
35 years$983$661$433$278$175$29
36 years$945$628$405$256$159$24
37 years$909$596$379$236$144$21
38 years$876$566$355$217$130$18
39 years$844$539$333$200$118$15
40 years$813$512$312$185$107$13
41 years$785$488$292$170$97$11
42 years$758$465$274$157$88$9
43 years$732$443$257$145$80$8
44 years$707$422$242$134$73$7
45 years$683$402$227$124$66$6
46 years$661$384$213$114$60$5
47 years$640$366$200$106$54$4
48 years$619$350$188$98$49$4
49 years$600$334$177$90$45$3
50 years$581$319$166$83$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $595,000, adding $6,143 every year, while hoping to spend $33,704 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: 29/50/21 Blend
44$595,000$595,000$595,000$595,000
45$662,027$630,492$621,269$676,713
46$693,692$625,525$606,221$683,541
47$727,459$619,185$589,539$687,455
48$763,504$611,370$571,133$690,952
49$802,024$601,969$550,908$694,015
50$843,233$590,868$528,766$696,633
51$887,366$577,945$504,604$698,793
52$934,683$563,069$478,313$700,486
53$985,464$546,104$449,781$701,707
54$1,040,023$526,903$418,889$702,453
55$1,098,698$505,314$385,515$702,727
56$1,161,865$481,174$349,529$702,533
57$1,229,934$454,311$310,797$701,885
58$1,303,358$424,543$269,179$700,801
59$1,382,632$391,677$224,528$699,306
60$1,468,301$355,510$176,691$697,436
61$1,560,965$315,827$125,507$695,234
62$1,661,281$272,401$70,810$692,755
63$1,769,975$224,991$12,425$690,066
64$1,887,842$173,345$0$687,251
65$2,015,756$117,194$0$695,584
66$2,154,682$56,255$0$707,702
67$2,305,678$0$0$721,000
68$2,469,908$0$0$741,059
69$2,648,656$0$0$796,662
70$2,843,330$0$0$857,307
71$3,055,483$0$0$923,489
72$3,286,823$0$0$995,752
73$3,539,230$0$0$1,074,695
74$3,814,772$0$0$1,160,977
75$4,115,728$0$0$1,255,325
76$4,444,604$0$0$1,358,537
77$4,804,162$0$0$1,471,496
78$5,197,440$0$0$1,595,169
79$5,627,784$0$0$1,730,625
80$6,098,881$0$0$1,879,040
81$6,614,787$0$0$2,041,706
82$7,179,970$0$0$2,220,052
83$7,799,352$0$0$2,415,647
84$8,478,353$0$0$2,630,220
85$9,222,941$0$0$2,865,678
86$10,039,690$0$0$3,124,118
87$10,935,842$0$0$3,407,853
88$11,919,372$0$0$3,719,428
89$12,999,067$0$0$4,061,650
90$14,184,605$0$0$4,437,607
91$15,486,646$0$0$4,850,705
92$16,916,934$0$0$5,304,693
93$18,488,407$0$0$5,803,703
94$20,215,317$0$0$6,352,288
95$22,113,367$0$0$6,955,460
96$24,199,855$0$0$7,618,747
97$26,493,838$0$0$8,348,234
98$29,016,314$0$0$9,150,629
99$31,790,416$0$0$10,033,321
100$34,841,631$0$0$11,004,451