Can I retire at age 45 with 596,000?

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 $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%13.1%
1 years$49,217$48,779$48,351$47,934$47,526$46,913
2 years$24,365$23,911$23,471$23,045$22,631$22,014
3 years$16,082$15,626$15,188$14,765$14,358$13,757
4 years$11,941$11,487$11,053$10,637$10,240$9,659
5 years$9,457$9,006$8,577$8,171$7,785$7,225
6 years$7,802$7,354$6,932$6,534$6,160$5,622
7 years$6,620$6,176$5,760$5,372$5,009$4,495
8 years$5,734$5,294$4,885$4,506$4,156$3,664
9 years$5,046$4,609$4,208$3,839$3,500$3,030
10 years$4,495$4,063$3,668$3,309$2,982$2,535
11 years$4,045$3,617$3,230$2,880$2,565$2,139
12 years$3,670$3,246$2,866$2,526$2,222$1,818
13 years$3,353$2,934$2,561$2,230$1,938$1,554
14 years$3,081$2,667$2,301$1,980$1,699$1,335
15 years$2,846$2,436$2,077$1,765$1,496$1,151
16 years$2,641$2,235$1,883$1,581$1,322$996
17 years$2,459$2,058$1,714$1,420$1,172$865
18 years$2,299$1,902$1,564$1,280$1,042$752
19 years$2,155$1,763$1,432$1,157$929$656
20 years$2,026$1,638$1,314$1,047$830$573
21 years$1,909$1,526$1,209$951$743$501
22 years$1,803$1,424$1,114$864$666$439
23 years$1,706$1,332$1,029$787$597$385
24 years$1,618$1,248$951$718$537$338
25 years$1,537$1,171$881$656$483$297
26 years$1,462$1,101$817$600$435$261
27 years$1,393$1,036$759$549$392$230
28 years$1,328$976$706$503$354$202
29 years$1,269$921$657$461$320$178
30 years$1,213$870$612$423$289$157
31 years$1,161$822$570$389$261$138
32 years$1,113$778$532$357$236$122
33 years$1,067$737$497$328$214$108
34 years$1,025$698$464$302$194$95
35 years$984$662$434$278$175$84
36 years$947$629$406$256$159$74
37 years$911$597$380$236$144$65
38 years$877$567$356$218$131$58
39 years$845$540$333$201$118$51
40 years$815$513$312$185$107$45
41 years$786$489$293$171$97$40
42 years$759$465$275$158$88$35
43 years$733$443$258$145$80$31
44 years$708$423$242$134$73$27
45 years$685$403$227$124$66$24
46 years$662$384$213$115$60$21
47 years$641$367$201$106$55$19
48 years$620$350$188$98$49$17
49 years$601$334$177$90$45$15
50 years$582$320$167$84$41$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $596,000, adding $4,012 every year, while hoping to spend $58,918 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: 50/39/11 Blend
44$596,000$596,000$596,000$596,000
45$660,930$629,342$620,104$691,834
46$665,657$597,492$578,190$681,574
47$668,891$562,106$532,896$663,876
48$670,418$522,949$484,048$643,295
49$670,000$479,773$431,463$619,578
50$667,372$432,314$374,949$592,449
51$662,240$380,293$314,306$561,610
52$654,279$323,418$249,326$526,738
53$643,127$261,378$179,790$487,482
54$628,385$193,844$105,471$443,463
55$609,607$120,470$26,132$394,265
56$586,305$40,890$0$339,443
57$557,932$0$0$285,378
58$523,888$0$0$247,824
59$483,507$0$0$224,288
60$436,051$0$0$196,813
61$380,707$0$0$164,949
62$316,573$0$0$128,200
63$242,653$0$0$86,014
64$157,849$0$0$37,785
65$60,944$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0