Can I retire at age 45 with 586,000?

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 $586,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$48,391$47,960$47,540$47,129$46,728$46,106
2 years$23,956$23,510$23,078$22,658$22,252$21,626
3 years$15,812$15,364$14,933$14,517$14,117$13,507
4 years$11,741$11,294$10,867$10,459$10,069$9,479
5 years$9,299$8,855$8,433$8,033$7,654$7,087
6 years$7,671$7,231$6,815$6,424$6,056$5,512
7 years$6,509$6,072$5,664$5,282$4,925$4,404
8 years$5,638$5,205$4,803$4,431$4,086$3,588
9 years$4,961$4,532$4,137$3,774$3,441$2,966
10 years$4,419$3,995$3,607$3,253$2,932$2,479
11 years$3,977$3,556$3,175$2,831$2,522$2,091
12 years$3,608$3,192$2,818$2,483$2,185$1,776
13 years$3,296$2,885$2,518$2,193$1,906$1,517
14 years$3,029$2,622$2,262$1,946$1,670$1,302
15 years$2,798$2,395$2,042$1,736$1,471$1,122
16 years$2,596$2,198$1,852$1,554$1,300$971
17 years$2,418$2,024$1,685$1,396$1,153$842
18 years$2,260$1,870$1,538$1,258$1,025$732
19 years$2,119$1,733$1,408$1,137$913$638
20 years$1,992$1,611$1,292$1,030$816$556
21 years$1,877$1,500$1,189$935$730$486
22 years$1,773$1,400$1,096$850$654$426
23 years$1,678$1,310$1,012$774$587$373
24 years$1,591$1,227$936$706$528$327
25 years$1,511$1,152$866$645$475$287
26 years$1,437$1,082$804$589$428$252
27 years$1,369$1,019$746$540$386$222
28 years$1,306$960$694$494$348$195
29 years$1,247$905$646$453$314$172
30 years$1,193$855$601$416$284$151
31 years$1,142$808$561$382$257$133
32 years$1,094$765$523$351$232$117
33 years$1,049$724$488$323$210$103
34 years$1,007$687$456$297$190$91
35 years$968$651$427$274$172$80
36 years$931$618$399$252$156$71
37 years$896$587$374$232$142$63
38 years$862$558$350$214$128$55
39 years$831$530$328$197$116$49
40 years$801$505$307$182$106$43
41 years$773$480$288$168$96$38
42 years$746$458$270$155$87$34
43 years$721$436$254$143$79$30
44 years$696$416$238$132$72$26
45 years$673$396$223$122$65$23
46 years$651$378$210$113$59$20
47 years$630$361$197$104$54$18
48 years$610$344$185$96$49$16
49 years$591$329$174$89$44$14
50 years$572$314$164$82$40$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $586,000, adding $5,349 every year, while hoping to spend $23,090 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: 33/50/17 Blend
44$586,000$586,000$586,000$586,000
45$651,289$620,231$611,148$669,183
46$693,153$626,055$607,054$688,663
47$738,514$631,391$602,049$707,127
48$787,702$636,189$596,078$726,534
49$841,085$640,399$589,084$746,979
50$899,063$643,966$581,006$768,569
51$962,079$646,832$571,781$791,424
52$1,030,619$648,934$561,343$815,676
53$1,105,217$650,208$549,624$841,473
54$1,186,464$650,582$536,550$868,979
55$1,275,005$649,983$522,047$898,379
56$1,371,555$648,331$506,035$929,876
57$1,476,898$645,544$488,431$963,698
58$1,591,897$641,531$469,149$1,000,095
59$1,717,503$636,198$448,098$1,039,349
60$1,854,762$629,446$425,184$1,081,772
61$2,004,828$621,169$400,307$1,127,709
62$2,168,968$611,254$373,365$1,177,545
63$2,348,579$599,582$344,249$1,231,706
64$2,545,200$586,027$312,847$1,290,665
65$2,760,523$570,455$279,040$1,354,949
66$2,996,414$552,725$242,705$1,425,139
67$3,254,927$532,687$203,715$1,501,882
68$3,538,324$510,183$161,934$1,585,893
69$3,849,096$485,046$117,222$1,677,966
70$4,189,988$457,097$69,433$1,778,980
71$4,564,022$426,150$18,414$1,889,910
72$4,974,527$392,006$0$2,011,833
73$5,425,170$354,456$0$2,152,482
74$5,919,991$313,278$0$2,310,630
75$6,463,440$268,237$0$2,484,431
76$7,060,418$219,088$0$2,675,536
77$7,716,325$165,568$0$2,885,773
78$8,437,111$107,402$0$3,117,159
79$9,229,329$44,297$0$3,371,926
80$10,100,200$0$0$3,652,536
81$11,057,678$0$0$3,974,947
82$12,110,528$0$0$4,356,368
83$13,268,405$0$0$4,775,937
84$14,541,947$0$0$5,237,522
85$15,942,876$0$0$5,745,384
86$17,484,106$0$0$6,304,217
87$19,179,865$0$0$6,919,194
88$21,045,831$0$0$7,596,015
89$23,099,280$0$0$8,340,960
90$25,359,243$0$0$9,160,950
91$27,846,694$0$0$10,063,609
92$30,584,740$0$0$11,057,338
93$33,598,843$0$0$12,151,396
94$36,917,061$0$0$13,355,984
95$40,570,308$0$0$14,682,341
96$44,592,648$0$0$16,142,855
97$49,021,619$0$0$17,751,172
98$53,898,581$0$0$19,522,333
99$59,269,111$0$0$21,472,910
100$65,183,431$0$0$23,621,163