Can I retire at age 45 with 585,000?

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 $585,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$48,309$47,878$47,459$47,049$46,649$45,933
2 years$23,915$23,470$23,038$22,620$22,214$21,494
3 years$15,785$15,338$14,907$14,493$14,093$13,392
4 years$11,721$11,275$10,849$10,441$10,051$9,375
5 years$9,283$8,840$8,419$8,020$7,641$6,990
6 years$7,658$7,218$6,804$6,413$6,046$5,422
7 years$6,498$6,062$5,654$5,273$4,917$4,320
8 years$5,628$5,196$4,795$4,423$4,079$3,509
9 years$4,952$4,524$4,130$3,768$3,435$2,892
10 years$4,412$3,988$3,601$3,248$2,927$2,410
11 years$3,970$3,550$3,170$2,827$2,517$2,026
12 years$3,602$3,186$2,813$2,479$2,181$1,716
13 years$3,291$2,880$2,513$2,189$1,902$1,461
14 years$3,024$2,617$2,258$1,943$1,668$1,250
15 years$2,793$2,391$2,039$1,733$1,468$1,074
16 years$2,592$2,194$1,849$1,552$1,298$925
17 years$2,414$2,020$1,682$1,394$1,151$800
18 years$2,256$1,867$1,536$1,256$1,023$693
19 years$2,115$1,730$1,406$1,135$912$601
20 years$1,988$1,608$1,290$1,028$814$523
21 years$1,874$1,498$1,187$933$729$455
22 years$1,770$1,398$1,094$848$653$397
23 years$1,675$1,308$1,010$773$586$346
24 years$1,588$1,225$934$705$527$303
25 years$1,508$1,150$865$644$474$265
26 years$1,435$1,080$802$588$427$232
27 years$1,367$1,017$745$539$385$203
28 years$1,304$958$693$493$348$178
29 years$1,245$904$644$453$314$156
30 years$1,191$854$600$415$284$137
31 years$1,140$807$560$381$256$120
32 years$1,092$764$522$351$232$105
33 years$1,048$723$488$322$210$92
34 years$1,006$685$456$297$190$81
35 years$966$650$426$273$172$71
36 years$929$617$398$251$156$62
37 years$894$586$373$232$141$55
38 years$861$557$349$214$128$48
39 years$830$530$327$197$116$42
40 years$800$504$307$182$105$37
41 years$772$480$288$168$96$33
42 years$745$457$270$155$87$29
43 years$719$435$253$143$79$25
44 years$695$415$238$132$71$22
45 years$672$396$223$122$65$20
46 years$650$377$210$112$59$17
47 years$629$360$197$104$53$15
48 years$609$344$185$96$49$13
49 years$590$328$174$89$44$12
50 years$571$314$163$82$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $585,000, adding $2,894 every year, while hoping to spend $29,071 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: 38/37/25 Blend
44$585,000$585,000$585,000$585,000
45$647,655$616,650$607,583$667,342
46$682,785$615,935$597,005$681,256
47$720,523$614,210$585,099$693,377
48$761,106$611,395$571,790$705,906
49$804,791$607,406$556,997$718,897
50$851,863$602,153$540,640$732,413
51$902,633$595,538$522,631$746,525
52$957,445$587,462$502,882$761,315
53$1,016,673$577,817$481,298$776,873
54$1,080,732$566,488$457,779$793,304
55$1,150,076$553,356$432,225$810,724
56$1,225,205$538,292$404,526$829,266
57$1,306,669$521,161$374,570$849,078
58$1,395,072$501,820$342,241$870,327
59$1,491,078$480,118$307,415$893,201
60$1,595,418$455,894$269,964$917,912
61$1,708,897$428,980$229,754$944,695
62$1,832,400$399,195$186,646$973,816
63$1,966,900$366,350$140,493$1,005,570
64$2,113,467$330,245$91,143$1,040,291
65$2,273,282$290,668$38,438$1,078,347
66$2,447,642$247,396$0$1,120,153
67$2,637,974$200,191$0$1,170,922
68$2,845,852$148,805$0$1,237,667
69$3,073,005$92,973$0$1,310,747
70$3,321,340$32,417$0$1,390,852
71$3,592,953$0$0$1,478,746
72$3,890,156$0$0$1,588,774
73$4,215,491$0$0$1,723,743
74$4,571,760$0$0$1,871,626
75$4,962,045$0$0$2,033,712
76$5,389,745$0$0$2,211,424
77$5,858,600$0$0$2,406,325
78$6,372,730$0$0$2,620,141
79$6,936,672$0$0$2,854,770
80$7,555,425$0$0$3,112,303
81$8,234,494$0$0$3,395,044
82$8,979,943$0$0$3,705,531
83$9,798,452$0$0$4,046,561
84$10,697,379$0$0$4,421,211
85$11,684,831$0$0$4,832,876
86$12,769,737$0$0$5,285,293
87$13,961,934$0$0$5,782,580
88$15,272,261$0$0$6,329,272
89$16,712,657$0$0$6,930,369
90$18,296,276$0$0$7,591,376
91$20,037,610$0$0$8,318,361
92$21,952,626$0$0$9,118,006
93$24,058,916$0$0$9,997,678
94$26,375,862$0$0$10,965,489
95$28,924,819$0$0$12,030,381
96$31,729,316$0$0$13,202,204
97$34,815,278$0$0$14,491,811
98$38,211,270$0$0$15,911,162
99$41,948,765$0$0$17,473,435
100$46,062,443$0$0$19,193,148