Can I retire at age 45 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$48,061$47,633$47,215$46,808$46,409$44,710
2 years$23,793$23,349$22,920$22,504$22,100$20,406
3 years$15,704$15,259$14,831$14,418$14,021$12,387
4 years$11,661$11,217$10,793$10,388$10,000$8,438
5 years$9,235$8,794$8,376$7,979$7,602$6,115
6 years$7,619$7,181$6,769$6,381$6,015$4,606
7 years$6,465$6,031$5,625$5,246$4,892$3,559
8 years$5,600$5,169$4,770$4,401$4,058$2,801
9 years$4,927$4,501$4,109$3,748$3,418$2,234
10 years$4,389$3,967$3,582$3,231$2,912$1,801
11 years$3,950$3,532$3,154$2,812$2,504$1,462
12 years$3,583$3,170$2,799$2,467$2,170$1,195
13 years$3,274$2,865$2,501$2,178$1,893$981
14 years$3,009$2,604$2,247$1,933$1,659$809
15 years$2,779$2,379$2,028$1,724$1,461$669
16 years$2,578$2,183$1,839$1,544$1,291$555
17 years$2,402$2,010$1,674$1,387$1,145$461
18 years$2,245$1,857$1,528$1,250$1,018$384
19 years$2,104$1,721$1,399$1,129$907$320
20 years$1,978$1,600$1,284$1,023$810$267
21 years$1,864$1,490$1,181$928$725$223
22 years$1,761$1,391$1,088$844$650$187
23 years$1,666$1,301$1,005$769$583$156
24 years$1,580$1,219$929$701$524$131
25 years$1,500$1,144$861$640$472$109
26 years$1,427$1,075$798$585$425$92
27 years$1,360$1,012$741$536$383$77
28 years$1,297$953$689$491$346$64
29 years$1,239$899$641$450$312$54
30 years$1,185$849$597$413$282$45
31 years$1,134$803$557$379$255$38
32 years$1,087$760$519$349$231$32
33 years$1,042$719$485$321$209$27
34 years$1,001$682$453$295$189$22
35 years$961$647$424$272$171$19
36 years$924$614$396$250$155$16
37 years$889$583$371$230$141$13
38 years$856$554$347$212$127$11
39 years$825$527$325$196$116$9
40 years$796$501$305$181$105$8
41 years$768$477$286$167$95$7
42 years$741$454$268$154$86$6
43 years$716$433$252$142$78$5
44 years$691$413$236$131$71$4
45 years$669$394$222$121$65$3
46 years$647$375$208$112$59$3
47 years$626$358$196$103$53$2
48 years$606$342$184$95$48$2
49 years$587$327$173$88$44$2
50 years$568$312$163$82$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $582,000, adding $4,871 every year, while hoping to spend $26,165 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: 31/44/25 Blend
44$582,000$582,000$582,000$582,000
45$646,388$615,542$606,521$661,330
46$684,481$617,865$599,001$675,494
47$725,581$619,424$590,351$688,074
48$769,970$620,155$580,507$701,087
49$817,953$619,988$569,400$714,590
50$869,868$618,851$556,958$728,645
51$926,085$616,666$543,107$743,324
52$987,013$613,349$527,768$758,707
53$1,053,098$608,814$510,859$774,886
54$1,124,835$602,967$492,294$791,964
55$1,202,766$595,709$471,983$810,058
56$1,287,486$586,937$449,832$829,299
57$1,379,651$576,539$425,743$849,835
58$1,479,984$564,398$399,614$871,832
59$1,589,279$550,389$371,337$895,476
60$1,708,409$534,382$340,801$920,976
61$1,838,336$516,237$307,888$948,566
62$1,980,120$495,806$272,475$978,509
63$2,134,926$472,934$234,437$1,011,097
64$2,304,036$447,455$193,638$1,046,658
65$2,488,862$419,195$149,939$1,085,559
66$2,690,960$387,970$103,197$1,128,207
67$2,912,042$353,584$53,257$1,175,059
68$3,153,992$315,831$0$1,226,622
69$3,418,885$274,493$0$1,283,473
70$3,709,008$229,340$0$1,361,392
71$4,026,878$180,129$0$1,446,905
72$4,375,266$126,602$0$1,540,841
73$4,757,226$68,488$0$1,644,116
74$5,176,120$5,501$0$1,757,747
75$5,635,651$0$0$1,882,859
76$6,139,898$0$0$2,051,038
77$6,693,356$0$0$2,238,646
78$7,300,972$0$0$2,444,710
79$7,968,199$0$0$2,671,090
80$8,701,043$0$0$2,919,838
81$9,506,120$0$0$3,193,211
82$10,390,719$0$0$3,493,698
83$11,362,868$0$0$3,824,040
84$12,431,413$0$0$4,187,258
85$13,606,101$0$0$4,586,678
86$14,897,667$0$0$5,025,968
87$16,317,941$0$0$5,509,165
88$17,879,955$0$0$6,040,722
89$19,598,068$0$0$6,625,540
90$21,488,102$0$0$7,269,022
91$23,567,486$0$0$7,977,121
92$25,855,427$0$0$8,756,396
93$28,373,085$0$0$9,614,074
94$31,143,777$0$0$10,558,118
95$34,193,195$0$0$11,597,301
96$37,549,644$0$0$12,741,293
97$41,244,316$0$0$14,000,745
98$45,311,581$0$0$15,387,396
99$49,789,307$0$0$16,914,180
100$54,719,224$0$0$18,595,351