Can I retire at age 45 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$48,722$48,288$47,864$47,451$47,047$45,873
2 years$24,120$23,670$23,235$22,813$22,404$21,228
3 years$15,920$15,469$15,035$14,616$14,214$13,073
4 years$11,821$11,371$10,941$10,530$10,137$9,041
5 years$9,362$8,915$8,491$8,088$7,706$6,657
6 years$7,724$7,280$6,862$6,468$6,098$5,097
7 years$6,554$6,114$5,702$5,318$4,959$4,007
8 years$5,677$5,241$4,836$4,461$4,114$3,210
9 years$4,995$4,563$4,165$3,800$3,465$2,607
10 years$4,450$4,022$3,631$3,276$2,952$2,141
11 years$4,004$3,580$3,197$2,851$2,539$1,773
12 years$3,633$3,214$2,837$2,500$2,200$1,478
13 years$3,319$2,904$2,535$2,208$1,919$1,238
14 years$3,050$2,640$2,278$1,960$1,682$1,042
15 years$2,817$2,412$2,056$1,748$1,481$881
16 years$2,614$2,213$1,864$1,565$1,309$746
17 years$2,435$2,038$1,697$1,406$1,160$634
18 years$2,275$1,883$1,549$1,267$1,032$540
19 years$2,133$1,745$1,418$1,145$920$460
20 years$2,005$1,622$1,301$1,037$821$393
21 years$1,890$1,510$1,197$941$735$336
22 years$1,785$1,410$1,103$856$659$288
23 years$1,689$1,319$1,018$779$591$246
24 years$1,602$1,236$942$711$532$211
25 years$1,521$1,159$872$649$478$181
26 years$1,447$1,090$809$593$431$156
27 years$1,378$1,026$751$543$389$134
28 years$1,315$966$698$498$351$115
29 years$1,256$912$650$456$317$99
30 years$1,201$861$605$419$286$85
31 years$1,150$814$564$385$259$73
32 years$1,102$770$527$354$234$63
33 years$1,057$729$492$325$212$54
34 years$1,014$691$459$299$192$46
35 years$975$656$430$275$174$40
36 years$937$622$402$254$157$34
37 years$902$591$376$234$143$30
38 years$868$562$352$215$129$25
39 years$837$534$330$199$117$22
40 years$807$508$309$183$106$19
41 years$778$484$290$169$96$16
42 years$751$461$272$156$88$14
43 years$725$439$255$144$79$12
44 years$701$418$240$133$72$10
45 years$678$399$225$123$65$9
46 years$655$381$211$113$59$8
47 years$634$363$199$105$54$7
48 years$614$347$187$97$49$6
49 years$595$331$175$89$45$5
50 years$576$316$165$83$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $590,000, adding $3,710 every year, while hoping to spend $20,544 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: 52/32/16 Blend
44$590,000$590,000$590,000$590,000
45$654,007$622,737$613,592$684,992
46$698,857$631,392$612,289$715,286
47$747,593$639,783$610,253$745,745
48$800,590$647,875$607,439$778,418
49$858,260$655,631$603,798$813,521
50$921,057$663,011$599,280$851,292
51$989,480$669,974$593,830$891,995
52$1,064,077$676,473$587,394$935,919
53$1,145,455$682,462$579,913$983,386
54$1,234,277$687,888$571,326$1,034,750
55$1,331,277$692,698$561,569$1,090,401
56$1,437,260$696,833$550,575$1,150,772
57$1,553,115$700,232$538,274$1,216,337
58$1,679,818$702,830$524,591$1,287,625
59$1,818,446$704,555$509,452$1,365,214
60$1,970,184$705,335$492,775$1,449,746
61$2,136,336$705,089$474,476$1,541,928
62$2,318,340$703,736$454,468$1,642,542
63$2,517,776$701,185$432,659$1,752,448
64$2,736,389$697,342$408,952$1,872,598
65$2,976,097$692,108$383,248$2,004,042
66$3,239,013$685,376$355,442$2,147,938
67$3,527,467$677,034$325,424$2,305,565
68$3,844,023$666,963$293,080$2,478,332
69$4,191,505$655,036$258,290$2,667,798
70$4,573,025$641,119$220,929$2,875,679
71$4,992,011$625,071$180,867$3,103,870
72$5,452,238$606,742$137,968$3,354,463
73$5,957,866$585,972$92,090$3,629,763
74$6,513,477$562,593$43,084$3,932,318
75$7,124,120$536,429$0$4,264,933
76$7,795,356$507,289$0$4,632,279
77$8,533,312$474,976$0$5,044,151
78$9,344,739$439,279$0$5,496,984
79$10,237,074$399,975$0$5,994,964
80$11,218,510$356,829$0$6,542,708
81$12,298,077$309,593$0$7,145,307
82$13,485,721$258,003$0$7,808,370
83$14,792,402$201,782$0$8,538,086
84$16,230,195$140,637$0$9,341,276
85$17,812,405$74,259$0$10,225,460
86$19,553,693$2,320$0$11,198,928
87$21,470,212$0$0$12,270,822
88$23,579,759$0$0$13,477,812
89$25,901,948$0$0$14,807,437
90$28,458,387$0$0$16,271,263
91$31,272,887$0$0$17,882,934
92$34,371,687$0$0$19,657,483
93$37,783,696$0$0$21,611,477
94$41,540,773$0$0$23,763,169
95$45,678,020$0$0$26,132,674
96$50,234,119$0$0$28,742,158
97$55,251,694$0$0$31,616,043
98$60,777,713$0$0$34,781,243
99$66,863,932$0$0$38,267,415
100$73,567,383$0$0$42,107,239