Can I retire at age 45 with 583,000?

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 $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$48,144$47,715$47,296$46,888$46,489$45,607
2 years$23,833$23,390$22,959$22,542$22,138$21,252
3 years$15,731$15,285$14,856$14,443$14,045$13,184
4 years$11,681$11,236$10,812$10,405$10,017$9,187
5 years$9,251$8,809$8,390$7,992$7,615$6,818
6 years$7,632$7,194$6,781$6,392$6,025$5,263
7 years$6,476$6,041$5,635$5,255$4,900$4,172
8 years$5,609$5,178$4,779$4,408$4,065$3,372
9 years$4,935$4,509$4,116$3,755$3,423$2,764
10 years$4,397$3,974$3,588$3,237$2,917$2,291
11 years$3,956$3,538$3,159$2,817$2,509$1,915
12 years$3,590$3,176$2,804$2,471$2,174$1,612
13 years$3,279$2,870$2,505$2,181$1,896$1,364
14 years$3,014$2,609$2,251$1,936$1,662$1,160
15 years$2,784$2,383$2,032$1,727$1,463$990
16 years$2,583$2,186$1,842$1,546$1,293$848
17 years$2,406$2,013$1,676$1,389$1,147$728
18 years$2,248$1,861$1,530$1,252$1,020$627
19 years$2,108$1,724$1,401$1,131$909$540
20 years$1,981$1,602$1,286$1,025$812$467
21 years$1,867$1,493$1,183$930$726$404
22 years$1,764$1,393$1,090$845$651$350
23 years$1,669$1,303$1,006$770$584$303
24 years$1,583$1,221$931$702$525$263
25 years$1,503$1,146$862$641$473$228
26 years$1,430$1,077$800$586$426$198
27 years$1,362$1,013$742$537$384$172
28 years$1,299$955$690$492$346$150
29 years$1,241$901$642$451$313$130
30 years$1,187$851$598$414$283$114
31 years$1,136$804$558$380$256$99
32 years$1,089$761$520$349$231$86
33 years$1,044$721$486$321$209$75
34 years$1,002$683$454$296$189$65
35 years$963$648$424$272$172$57
36 years$926$615$397$251$155$50
37 years$891$584$372$231$141$43
38 years$858$555$348$213$128$38
39 years$827$528$326$196$116$33
40 years$797$502$306$181$105$29
41 years$769$478$287$167$95$25
42 years$742$455$269$154$86$22
43 years$717$434$252$142$78$19
44 years$693$413$237$131$71$17
45 years$670$394$222$121$65$14
46 years$648$376$209$112$59$13
47 years$627$359$196$104$53$11
48 years$607$343$184$96$48$10
49 years$588$327$173$88$44$8
50 years$569$313$163$82$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $583,000, adding $5,368 every year, while hoping to spend $48,331 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: 53/32/15 Blend
44$583,000$583,000$583,000$583,000
45$648,003$617,104$608,068$679,474
46$662,676$595,918$577,014$680,376
47$677,225$572,075$543,300$675,765
48$691,587$545,392$506,786$669,661
49$705,691$515,678$467,326$661,935
50$719,456$482,730$424,765$652,450
51$732,791$446,335$378,945$641,055
52$745,594$406,264$329,699$627,589
53$757,752$362,278$276,851$611,878
54$769,138$314,125$220,221$593,735
55$779,609$261,536$159,617$572,958
56$789,007$204,229$94,842$549,329
57$797,154$141,905$25,688$522,611
58$803,855$74,249$0$492,551
59$808,888$927$0$466,573
60$812,010$0$0$441,570
61$812,951$0$0$440,753
62$811,408$0$0$438,779
63$807,046$0$0$435,125
64$799,496$0$0$429,574
65$788,345$0$0$421,883
66$773,136$0$0$411,786
67$753,364$0$0$398,985
68$728,468$0$0$383,152
69$697,828$0$0$363,923
70$660,757$0$0$340,896
71$616,494$0$0$313,626
72$564,200$0$0$281,620
73$502,944$0$0$244,334
74$431,697$0$0$201,165
75$349,323$0$0$151,448
76$254,565$0$0$94,447
77$146,034$0$0$29,350
78$22,197$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