Can I retire at age 45 with 591,000?

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 $591,000?

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$48,804$48,370$47,945$47,531$47,127$45,673
2 years$24,161$23,711$23,274$22,852$22,442$20,990
3 years$15,947$15,495$15,060$14,641$14,238$12,833
4 years$11,841$11,391$10,960$10,548$10,155$8,808
5 years$9,378$8,930$8,505$8,102$7,719$6,435
6 years$7,737$7,292$6,874$6,479$6,108$4,886
7 years$6,565$6,124$5,712$5,327$4,967$3,809
8 years$5,686$5,249$4,844$4,469$4,121$3,024
9 years$5,003$4,571$4,172$3,806$3,470$2,434
10 years$4,457$4,029$3,638$3,281$2,957$1,980
11 years$4,011$3,587$3,202$2,856$2,543$1,624
12 years$3,639$3,219$2,842$2,505$2,204$1,341
13 years$3,324$2,909$2,539$2,211$1,922$1,112
14 years$3,055$2,644$2,281$1,963$1,685$927
15 years$2,822$2,416$2,060$1,751$1,483$774
16 years$2,618$2,216$1,868$1,567$1,311$649
17 years$2,439$2,041$1,699$1,408$1,162$545
18 years$2,279$1,886$1,551$1,269$1,034$459
19 years$2,137$1,748$1,420$1,147$921$387
20 years$2,009$1,624$1,303$1,039$823$327
21 years$1,893$1,513$1,199$943$736$276
22 years$1,788$1,412$1,105$857$660$234
23 years$1,692$1,321$1,020$781$592$198
24 years$1,604$1,238$944$712$533$168
25 years$1,524$1,161$874$650$479$142
26 years$1,449$1,092$810$594$432$121
27 years$1,381$1,027$753$544$389$102
28 years$1,317$968$700$499$351$87
29 years$1,258$913$651$457$317$74
30 years$1,203$862$606$420$286$63
31 years$1,152$815$565$385$259$53
32 years$1,103$771$528$354$234$45
33 years$1,058$731$493$326$212$38
34 years$1,016$692$460$300$192$33
35 years$976$657$430$276$174$28
36 years$939$623$402$254$158$24
37 years$903$592$377$234$143$20
38 years$870$563$353$216$129$17
39 years$838$535$331$199$117$14
40 years$808$509$310$183$106$12
41 years$779$485$290$169$97$10
42 years$752$461$272$156$88$9
43 years$727$440$256$144$80$8
44 years$702$419$240$133$72$6
45 years$679$400$225$123$66$5
46 years$657$381$212$114$60$5
47 years$635$364$199$105$54$4
48 years$615$347$187$97$49$3
49 years$596$332$176$90$45$3
50 years$577$317$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 $591,000, adding $6,602 every year, while hoping to spend $34,297 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: 65/28/7 Blend
44$591,000$591,000$591,000$591,000
45$658,092$626,769$617,608$699,606
46$688,726$620,989$601,807$722,274
47$721,334$613,776$584,326$742,344
48$756,084$605,024$565,074$763,369
49$793,154$594,620$543,954$785,439
50$832,744$582,445$520,865$808,655
51$875,071$568,372$495,701$833,127
52$920,373$552,267$468,352$858,979
53$968,912$533,989$438,702$886,347
54$1,020,973$513,386$406,630$915,384
55$1,076,871$490,301$372,011$946,260
56$1,136,951$464,565$334,713$979,163
57$1,201,592$436,000$294,598$1,014,302
58$1,271,209$404,419$251,521$1,051,910
59$1,346,259$369,623$205,335$1,092,244
60$1,427,245$331,401$155,880$1,135,592
61$1,514,716$289,532$102,995$1,182,270
62$1,609,279$243,782$46,507$1,232,632
63$1,711,600$193,901$0$1,287,068
64$1,822,409$139,628$0$1,347,042
65$1,942,513$80,688$0$1,415,780
66$2,072,794$16,787$0$1,490,353
67$2,214,227$0$0$1,571,366
68$2,367,882$0$0$1,675,631
69$2,534,935$0$0$1,794,646
70$2,716,681$0$0$1,924,166
71$2,914,546$0$0$2,065,210
72$3,130,097$0$0$2,218,901
73$3,365,060$0$0$2,386,475
74$3,621,334$0$0$2,569,290
75$3,901,008$0$0$2,768,843
76$4,206,383$0$0$2,986,782
77$4,539,992$0$0$3,224,919
78$4,904,622$0$0$3,485,251
79$5,303,344$0$0$3,769,975
80$5,739,536$0$0$4,081,512
81$6,216,920$0$0$4,422,527
82$6,739,594$0$0$4,795,953
83$7,312,071$0$0$5,205,021
84$7,939,318$0$0$5,653,291
85$8,626,809$0$0$6,144,681
86$9,380,571$0$0$6,683,508
87$10,207,243$0$0$7,274,526
88$11,114,136$0$0$7,922,970
89$12,109,302$0$0$8,634,608
90$13,201,614$0$0$9,415,793
91$14,400,842$0$0$10,273,524
92$15,717,751$0$0$11,215,509
93$17,164,197$0$0$12,250,240
94$18,753,242$0$0$13,387,072
95$20,499,276$0$0$14,636,311
96$22,418,151$0$0$16,009,311
97$24,527,333$0$0$17,518,580
98$26,846,060$0$0$19,177,899
99$29,395,531$0$0$21,002,449
100$32,199,101$0$0$23,008,958