Can I retire at age 45 with 589,000?

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 $589,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$48,639$48,206$47,783$47,371$46,968$45,519
2 years$24,079$23,630$23,196$22,774$22,366$20,919
3 years$15,893$15,443$15,009$14,592$14,190$12,790
4 years$11,801$11,352$10,923$10,513$10,120$8,778
5 years$9,346$8,900$8,477$8,075$7,693$6,413
6 years$7,711$7,268$6,850$6,457$6,087$4,870
7 years$6,543$6,103$5,693$5,309$4,951$3,796
8 years$5,667$5,232$4,828$4,454$4,107$3,014
9 years$4,986$4,555$4,158$3,793$3,459$2,426
10 years$4,442$4,015$3,625$3,270$2,947$1,974
11 years$3,997$3,574$3,192$2,846$2,535$1,619
12 years$3,627$3,208$2,832$2,496$2,196$1,336
13 years$3,313$2,899$2,531$2,204$1,915$1,108
14 years$3,045$2,635$2,274$1,956$1,679$923
15 years$2,813$2,407$2,053$1,745$1,478$772
16 years$2,609$2,209$1,861$1,562$1,306$647
17 years$2,430$2,034$1,694$1,404$1,158$544
18 years$2,272$1,880$1,546$1,265$1,030$458
19 years$2,130$1,742$1,415$1,143$918$386
20 years$2,002$1,619$1,299$1,035$820$326
21 years$1,886$1,508$1,195$939$734$275
22 years$1,782$1,408$1,101$854$658$233
23 years$1,686$1,316$1,017$778$590$197
24 years$1,599$1,233$940$710$531$167
25 years$1,519$1,158$871$648$478$142
26 years$1,445$1,088$808$592$430$120
27 years$1,376$1,024$750$542$388$102
28 years$1,313$965$697$497$350$86
29 years$1,254$910$649$456$316$73
30 years$1,199$860$604$418$286$62
31 years$1,148$813$563$384$258$53
32 years$1,100$769$526$353$234$45
33 years$1,055$728$491$325$211$38
34 years$1,013$690$459$299$191$32
35 years$973$655$429$275$173$28
36 years$935$621$401$253$157$23
37 years$900$590$375$233$142$20
38 years$867$561$352$215$129$17
39 years$835$533$329$198$117$14
40 years$805$507$309$183$106$12
41 years$777$483$290$169$96$10
42 years$750$460$272$156$87$9
43 years$724$438$255$144$79$8
44 years$700$418$239$133$72$6
45 years$677$398$225$123$65$5
46 years$654$380$211$113$59$5
47 years$633$363$198$105$54$4
48 years$613$346$186$97$49$3
49 years$594$331$175$89$44$3
50 years$575$316$165$83$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $589,000, adding $4,608 every year, while hoping to spend $39,530 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: 70/19/11 Blend
44$589,000$589,000$589,000$589,000
45$653,831$622,614$613,485$697,801
46$678,462$611,063$591,977$716,005
47$704,281$597,620$568,424$730,677
48$731,367$582,152$542,715$745,680
49$759,805$564,517$514,735$761,041
50$789,690$544,564$484,364$776,788
51$821,124$522,133$451,475$792,952
52$854,217$497,055$415,938$809,573
53$889,090$469,153$377,614$826,690
54$925,873$438,238$336,360$844,352
55$964,710$404,110$292,027$862,612
56$1,005,757$366,558$244,456$881,531
57$1,049,185$325,360$193,486$901,178
58$1,095,178$280,279$138,944$921,629
59$1,143,941$231,067$80,653$942,971
60$1,195,695$177,461$18,427$965,303
61$1,250,682$119,183$0$988,734
62$1,309,168$55,940$0$1,019,018
63$1,371,444$0$0$1,053,338
64$1,437,827$0$0$1,092,337
65$1,508,666$0$0$1,146,453
66$1,584,342$0$0$1,204,283
67$1,665,274$0$0$1,266,151
68$1,751,919$0$0$1,332,408
69$1,844,781$0$0$1,403,443
70$1,944,411$0$0$1,479,679
71$2,051,415$0$0$1,561,584
72$2,166,456$0$0$1,649,670
73$2,290,264$0$0$1,744,497
74$2,423,640$0$0$1,846,683
75$2,567,462$0$0$1,956,906
76$2,722,698$0$0$2,075,910
77$2,890,409$0$0$2,204,514
78$3,071,760$0$0$2,343,617
79$3,268,036$0$0$2,494,206
80$3,480,644$0$0$2,657,370
81$3,711,136$0$0$2,834,302
82$3,961,215$0$0$3,026,316
83$4,232,755$0$0$3,234,857
84$4,527,819$0$0$3,461,515
85$4,848,674$0$0$3,708,039
86$5,197,815$0$0$3,976,351
87$5,577,988$0$0$4,268,569
88$5,992,214$0$0$4,587,022
89$6,443,816$0$0$4,934,274
90$6,936,454$0$0$5,313,146
91$7,474,156$0$0$5,726,744
92$8,061,354$0$0$6,178,485
93$8,702,928$0$0$6,672,134
94$9,404,251$0$0$7,211,834
95$10,171,239$0$0$7,802,146
96$11,010,403$0$0$8,448,093
97$11,928,916$0$0$9,155,206
98$12,934,674$0$0$9,929,574
99$14,036,372$0$0$10,777,906
100$15,243,589$0$0$11,707,585