Can I retire at age 45 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$49,217$48,779$48,351$47,934$47,526$47,167
2 years$24,365$23,911$23,471$23,045$22,631$22,270
3 years$16,082$15,626$15,188$14,765$14,358$14,005
4 years$11,941$11,487$11,053$10,637$10,240$9,898
5 years$9,457$9,006$8,577$8,171$7,785$7,454
6 years$7,802$7,354$6,932$6,534$6,160$5,842
7 years$6,620$6,176$5,760$5,372$5,009$4,704
8 years$5,734$5,294$4,885$4,506$4,156$3,863
9 years$5,046$4,609$4,208$3,839$3,500$3,219
10 years$4,495$4,063$3,668$3,309$2,982$2,714
11 years$4,045$3,617$3,230$2,880$2,565$2,309
12 years$3,670$3,246$2,866$2,526$2,222$1,978
13 years$3,353$2,934$2,561$2,230$1,938$1,706
14 years$3,081$2,667$2,301$1,980$1,699$1,478
15 years$2,846$2,436$2,077$1,765$1,496$1,286
16 years$2,641$2,235$1,883$1,581$1,322$1,123
17 years$2,459$2,058$1,714$1,420$1,172$983
18 years$2,299$1,902$1,564$1,280$1,042$863
19 years$2,155$1,763$1,432$1,157$929$760
20 years$2,026$1,638$1,314$1,047$830$670
21 years$1,909$1,526$1,209$951$743$592
22 years$1,803$1,424$1,114$864$666$523
23 years$1,706$1,332$1,029$787$597$464
24 years$1,618$1,248$951$718$537$411
25 years$1,537$1,171$881$656$483$365
26 years$1,462$1,101$817$600$435$324
27 years$1,393$1,036$759$549$392$288
28 years$1,328$976$706$503$354$256
29 years$1,269$921$657$461$320$228
30 years$1,213$870$612$423$289$203
31 years$1,161$822$570$389$261$181
32 years$1,113$778$532$357$236$161
33 years$1,067$737$497$328$214$144
34 years$1,025$698$464$302$194$128
35 years$984$662$434$278$175$115
36 years$947$629$406$256$159$102
37 years$911$597$380$236$144$91
38 years$877$567$356$218$131$81
39 years$845$540$333$201$118$73
40 years$815$513$312$185$107$65
41 years$786$489$293$171$97$58
42 years$759$465$275$158$88$52
43 years$733$443$258$145$80$46
44 years$708$423$242$134$73$41
45 years$685$403$227$124$66$37
46 years$662$384$213$115$60$33
47 years$641$367$201$106$55$30
48 years$620$350$188$98$49$26
49 years$601$334$177$90$45$24
50 years$582$320$167$84$41$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $596,000, adding $5,530 every year, while hoping to spend $28,492 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: 68/13/19 Blend
44$596,000$596,000$596,000$596,000
45$662,496$630,908$621,670$704,091
46$699,756$631,507$612,181$733,187
47$739,860$631,181$601,419$761,161
48$783,071$629,854$589,311$791,063
49$829,673$627,445$575,782$823,083
50$879,980$623,871$560,751$857,429
51$934,338$619,040$544,136$894,329
52$993,125$612,858$525,849$934,040
53$1,056,758$605,222$505,799$976,840
54$1,125,695$596,026$483,891$1,023,040
55$1,200,440$585,155$460,026$1,072,982
56$1,281,547$572,489$434,098$1,127,045
57$1,369,624$557,901$406,000$1,185,647
58$1,465,342$541,254$375,617$1,249,248
59$1,569,437$522,406$342,831$1,318,359
60$1,682,721$501,206$307,518$1,393,541
61$1,806,086$477,492$269,547$1,475,417
62$1,940,514$451,096$228,784$1,564,673
63$2,087,085$421,838$185,086$1,662,065
64$2,246,988$389,529$138,307$1,768,431
65$2,421,533$353,968$88,292$1,884,694
66$2,612,159$314,942$34,880$2,011,873
67$2,820,454$272,229$0$2,151,094
68$3,048,164$225,591$0$2,308,082
69$3,297,210$174,779$0$2,487,562
70$3,569,710$119,528$0$2,684,006
71$3,867,996$59,560$0$2,899,122
72$4,194,633$0$0$3,134,792
73$4,552,448$0$0$3,393,868
74$4,944,554$0$0$3,687,143
75$5,374,379$0$0$4,008,667
76$5,845,698$0$0$4,361,267
77$6,362,672$0$0$4,748,059
78$6,929,879$0$0$5,172,475
79$7,552,364$0$0$5,638,295
80$8,235,686$0$0$6,149,683
81$8,985,966$0$0$6,711,226
82$9,809,947$0$0$7,327,975
83$10,715,057$0$0$8,005,498
84$11,709,480$0$0$8,749,925
85$12,802,231$0$0$9,568,011
86$14,003,242$0$0$10,467,198
87$15,323,454$0$0$11,455,685
88$16,774,922$0$0$12,542,503
89$18,370,927$0$0$13,737,605
90$20,126,101$0$0$15,051,954
91$22,056,564$0$0$16,497,629
92$24,180,080$0$0$18,087,940
93$26,516,217$0$0$19,837,551
94$29,086,537$0$0$21,762,618
95$31,914,799$0$0$23,880,944
96$35,027,179$0$0$26,212,143
97$38,452,519$0$0$28,777,827
98$42,222,599$0$0$31,601,811
99$46,372,438$0$0$34,710,333
100$50,940,618$0$0$38,132,306