Can I retire at age 45 with 597,000?

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 $597,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$49,300$48,861$48,432$48,014$47,606$46,511
2 years$24,406$23,951$23,511$23,084$22,669$21,573
3 years$16,109$15,652$15,213$14,790$14,382$13,318
4 years$11,961$11,506$11,071$10,655$10,258$9,234
5 years$9,473$9,021$8,592$8,184$7,798$6,817
6 years$7,815$7,366$6,943$6,545$6,170$5,233
7 years$6,631$6,186$5,770$5,381$5,018$4,126
8 years$5,744$5,303$4,893$4,514$4,163$3,315
9 years$5,054$4,617$4,215$3,845$3,506$2,701
10 years$4,502$4,070$3,674$3,314$2,987$2,225
11 years$4,051$3,623$3,235$2,885$2,569$1,848
12 years$3,676$3,252$2,871$2,530$2,226$1,545
13 years$3,358$2,939$2,565$2,234$1,941$1,300
14 years$3,086$2,671$2,305$1,983$1,702$1,098
15 years$2,851$2,440$2,081$1,768$1,498$931
16 years$2,645$2,239$1,887$1,583$1,324$791
17 years$2,463$2,062$1,717$1,423$1,174$675
18 years$2,302$1,905$1,567$1,282$1,044$576
19 years$2,158$1,766$1,435$1,158$931$493
20 years$2,029$1,641$1,317$1,049$831$423
21 years$1,912$1,528$1,211$952$744$363
22 years$1,806$1,427$1,116$866$667$312
23 years$1,709$1,334$1,031$788$598$268
24 years$1,621$1,250$953$719$538$231
25 years$1,539$1,173$883$657$484$199
26 years$1,464$1,103$819$601$436$171
27 years$1,395$1,038$760$550$393$148
28 years$1,331$978$707$504$355$127
29 years$1,271$922$658$462$320$110
30 years$1,215$871$613$424$289$95
31 years$1,163$824$571$389$262$82
32 years$1,115$779$533$358$237$71
33 years$1,069$738$498$329$214$61
34 years$1,026$699$465$303$194$53
35 years$986$663$435$279$176$46
36 years$948$630$407$257$159$39
37 years$912$598$381$236$144$34
38 years$879$568$356$218$131$30
39 years$847$540$334$201$119$26
40 years$816$514$313$185$108$22
41 years$787$489$293$171$98$19
42 years$760$466$275$158$89$16
43 years$734$444$258$146$80$14
44 years$709$423$242$135$73$12
45 years$686$404$228$124$66$11
46 years$663$385$214$115$60$9
47 years$642$368$201$106$55$8
48 years$621$351$189$98$50$7
49 years$602$335$177$91$45$6
50 years$583$320$167$84$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $597,000, adding $4,118 every year, while hoping to spend $48,295 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: 50/21/29 Blend
44$597,000$597,000$597,000$597,000
45$662,142$630,501$621,247$689,629
46$678,295$610,010$590,673$688,802
47$694,477$586,896$557,457$682,786
48$710,639$560,980$521,458$675,312
49$726,729$532,072$482,531$666,264
50$742,682$499,971$440,523$655,519
51$758,431$464,465$395,276$642,943
52$773,896$425,329$346,622$628,395
53$788,989$382,325$294,389$611,721
54$803,610$335,203$238,396$592,758
55$817,648$283,698$178,452$571,328
56$830,977$227,529$114,360$547,241
57$843,460$166,400$45,913$520,296
58$854,939$100,000$0$490,271
59$865,240$27,997$0$465,326
60$874,169$0$0$452,520
61$881,511$0$0$448,974
62$887,024$0$0$450,854
63$890,441$0$0$451,543
64$891,463$0$0$450,875
65$889,762$0$0$448,667
66$884,969$0$0$444,716
67$876,677$0$0$438,796
68$864,435$0$0$430,657
69$847,741$0$0$420,021
70$826,042$0$0$406,581
71$798,722$0$0$389,998
72$765,101$0$0$369,895
73$724,425$0$0$345,855
74$675,861$0$0$317,417
75$618,485$0$0$284,071
76$551,279$0$0$245,254
77$473,113$0$0$200,342
78$382,741$0$0$148,646
79$278,784$0$0$89,405
80$159,719$0$0$21,778
81$23,864$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