Can I retire at age 45 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$48,226$47,797$47,377$46,968$46,569$45,554
2 years$23,874$23,430$22,999$22,581$22,176$21,159
3 years$15,758$15,312$14,882$14,468$14,069$13,081
4 years$11,701$11,256$10,830$10,423$10,034$9,083
5 years$9,267$8,825$8,405$8,006$7,628$6,716
6 years$7,645$7,206$6,792$6,403$6,036$5,165
7 years$6,487$6,052$5,644$5,264$4,909$4,078
8 years$5,619$5,187$4,787$4,416$4,072$3,282
9 years$4,944$4,516$4,123$3,761$3,429$2,679
10 years$4,404$3,981$3,594$3,242$2,922$2,211
11 years$3,963$3,544$3,164$2,822$2,513$1,840
12 years$3,596$3,181$2,808$2,475$2,178$1,542
13 years$3,285$2,875$2,509$2,185$1,899$1,299
14 years$3,019$2,613$2,254$1,940$1,665$1,100
15 years$2,789$2,387$2,035$1,730$1,466$934
16 years$2,587$2,190$1,845$1,549$1,295$796
17 years$2,410$2,017$1,679$1,392$1,149$680
18 years$2,252$1,864$1,533$1,254$1,021$582
19 years$2,111$1,727$1,403$1,133$910$499
20 years$1,985$1,605$1,288$1,026$813$429
21 years$1,870$1,495$1,185$931$728$369
22 years$1,767$1,396$1,092$847$652$318
23 years$1,672$1,305$1,008$771$585$274
24 years$1,585$1,223$932$703$526$236
25 years$1,506$1,148$864$642$474$204
26 years$1,432$1,079$801$587$427$176
27 years$1,364$1,015$744$538$385$152
28 years$1,302$957$691$493$347$132
29 years$1,243$902$643$452$313$114
30 years$1,189$852$599$415$283$99
31 years$1,138$806$559$381$256$85
32 years$1,090$762$521$350$232$74
33 years$1,046$722$487$322$210$64
34 years$1,004$684$455$296$190$56
35 years$965$649$425$273$172$48
36 years$928$616$398$251$156$42
37 years$893$585$372$231$141$36
38 years$859$556$349$213$128$31
39 years$828$529$327$197$116$27
40 years$798$503$306$181$105$24
41 years$770$479$287$167$95$20
42 years$744$456$269$154$87$18
43 years$718$434$253$143$79$15
44 years$694$414$237$132$71$13
45 years$671$395$223$122$65$12
46 years$649$377$209$112$59$10
47 years$628$360$197$104$53$9
48 years$608$343$185$96$49$8
49 years$589$328$174$89$44$7
50 years$570$313$163$82$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $584,000, adding $3,401 every year, while hoping to spend $35,609 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: 29/49/22 Blend
44$584,000$584,000$584,000$584,000
45$647,076$616,124$607,072$661,303
46$675,190$608,427$589,521$664,864
47$704,978$599,158$570,189$665,297
48$736,574$588,205$548,978$665,016
49$770,123$575,445$525,787$663,983
50$805,783$560,750$500,509$662,159
51$843,730$543,983$473,033$659,503
52$884,154$525,002$443,243$655,976
53$927,263$503,653$411,017$651,540
54$973,287$479,775$376,230$646,156
55$1,022,476$453,197$338,747$639,785
56$1,075,104$423,740$298,430$632,392
57$1,131,473$391,211$255,136$623,942
58$1,191,913$355,410$208,713$614,402
59$1,256,786$316,123$159,003$603,743
60$1,326,490$273,125$105,841$591,939
61$1,401,462$226,178$49,056$578,968
62$1,482,180$175,030$0$564,814
63$1,569,171$119,415$0$552,174
64$1,663,013$59,053$0$550,801
65$1,764,342$0$0$549,218
66$1,873,854$0$0$550,911
67$1,992,318$0$0$587,259
68$2,120,576$0$0$626,690
69$2,259,555$0$0$669,499
70$2,410,274$0$0$716,008
71$2,573,854$0$0$766,576
72$2,751,528$0$0$821,594
73$2,944,652$0$0$881,493
74$3,154,717$0$0$946,750
75$3,383,365$0$0$1,017,886
76$3,632,401$0$0$1,095,477
77$3,903,812$0$0$1,180,155
78$4,199,786$0$0$1,272,619
79$4,522,730$0$0$1,373,634
80$4,875,293$0$0$1,484,046
81$5,260,391$0$0$1,604,785
82$5,681,235$0$0$1,736,874
83$6,141,361$0$0$1,881,441
84$6,644,660$0$0$2,039,727
85$7,195,417$0$0$2,213,099
86$7,798,350$0$0$2,403,063
87$8,458,657$0$0$2,611,276
88$9,182,058$0$0$2,839,564
89$9,974,856$0$0$3,089,939
90$10,843,990$0$0$3,364,615
91$11,797,104$0$0$3,666,033
92$12,842,618$0$0$3,996,879
93$13,989,803$0$0$4,360,115
94$15,248,874$0$0$4,759,000
95$16,631,082$0$0$5,197,128
96$18,148,820$0$0$5,678,455
97$19,815,741$0$0$6,207,341
98$21,646,883$0$0$6,788,588
99$23,658,815$0$0$7,427,487
100$25,869,788$0$0$8,129,868