Can I retire at age 45 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$48,887$48,451$48,026$47,612$47,207$45,732
2 years$24,201$23,751$23,314$22,890$22,479$21,007
3 years$15,974$15,521$15,086$14,666$14,262$12,838
4 years$11,861$11,410$10,978$10,566$10,172$8,807
5 years$9,394$8,945$8,520$8,116$7,732$6,430
6 years$7,750$7,305$6,885$6,490$6,118$4,880
7 years$6,576$6,134$5,722$5,336$4,976$3,802
8 years$5,696$5,258$4,852$4,476$4,128$3,017
9 years$5,012$4,578$4,179$3,813$3,476$2,427
10 years$4,465$4,036$3,644$3,287$2,962$1,973
11 years$4,017$3,593$3,208$2,860$2,547$1,617
12 years$3,645$3,225$2,847$2,509$2,208$1,334
13 years$3,330$2,914$2,543$2,215$1,925$1,106
14 years$3,060$2,649$2,285$1,966$1,687$921
15 years$2,827$2,420$2,063$1,754$1,486$769
16 years$2,623$2,220$1,871$1,570$1,313$644
17 years$2,443$2,045$1,702$1,411$1,164$541
18 years$2,283$1,889$1,554$1,271$1,035$455
19 years$2,140$1,751$1,423$1,149$923$383
20 years$2,012$1,627$1,306$1,040$824$323
21 years$1,896$1,516$1,201$944$738$273
22 years$1,791$1,415$1,107$859$661$231
23 years$1,695$1,323$1,022$782$593$195
24 years$1,607$1,240$945$713$533$165
25 years$1,526$1,163$875$651$480$140
26 years$1,452$1,093$812$595$432$119
27 years$1,383$1,029$754$545$390$101
28 years$1,319$970$701$499$352$85
29 years$1,260$915$652$458$318$72
30 years$1,205$864$607$420$287$61
31 years$1,154$817$566$386$259$52
32 years$1,105$773$528$355$235$44
33 years$1,060$732$493$326$212$38
34 years$1,018$694$461$300$192$32
35 years$978$658$431$276$174$27
36 years$940$624$403$254$158$23
37 years$905$593$377$234$143$20
38 years$871$564$353$216$130$17
39 years$839$536$331$199$118$14
40 years$809$510$310$184$107$12
41 years$781$485$291$170$97$10
42 years$754$462$273$156$88$9
43 years$728$440$256$144$80$7
44 years$703$420$240$133$72$6
45 years$680$400$226$123$66$5
46 years$658$382$212$114$60$4
47 years$636$364$199$105$54$4
48 years$616$348$187$97$49$3
49 years$597$332$176$90$45$3
50 years$578$317$165$83$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $592,000, adding $2,864 every year, while hoping to spend $26,529 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: 40/32/28 Blend
44$592,000$592,000$592,000$592,000
45$655,338$623,962$614,786$676,037
46$693,956$626,310$607,155$693,693
47$735,624$627,883$598,379$710,107
48$780,624$628,616$588,392$727,360
49$829,269$628,440$577,124$745,545
50$881,900$627,278$564,503$764,767
51$938,892$625,054$550,452$785,142
52$1,000,660$621,682$534,892$806,803
53$1,067,656$617,073$517,741$829,896
54$1,140,382$611,135$498,910$854,583
55$1,219,386$603,765$478,308$881,048
56$1,305,273$594,859$455,841$909,493
57$1,398,708$584,305$431,409$940,146
58$1,500,423$571,982$404,908$973,259
59$1,611,222$557,766$376,229$1,009,113
60$1,731,993$541,522$345,258$1,048,021
61$1,863,709$523,110$311,878$1,090,332
62$2,007,445$502,380$275,963$1,136,432
63$2,164,382$479,174$237,385$1,186,753
64$2,335,819$453,324$196,008$1,241,771
65$2,523,190$424,654$151,691$1,302,017
66$2,728,069$392,976$104,287$1,368,082
67$2,952,193$358,092$53,641$1,440,619
68$3,197,471$319,794$0$1,520,354
69$3,466,010$277,860$0$1,608,213
70$3,760,124$232,056$0$1,722,078
71$4,082,367$182,137$0$1,846,948
72$4,435,547$127,841$0$1,983,972
73$4,822,761$68,893$0$2,134,423
74$5,247,416$5,003$0$2,299,705
75$5,713,268$0$0$2,481,370
76$6,224,450$0$0$2,703,715
77$6,785,519$0$0$2,949,773
78$7,401,491$0$0$3,219,994
79$8,077,893$0$0$3,516,810
80$8,820,814$0$0$3,842,906
81$9,636,961$0$0$4,201,237
82$10,533,722$0$0$4,595,057
83$11,519,238$0$0$5,027,953
84$12,602,474$0$0$5,503,878
85$13,793,312$0$0$6,027,183
86$15,102,635$0$0$6,602,666
87$16,542,434$0$0$7,235,610
88$18,125,921$0$0$7,931,839
89$19,867,654$0$0$8,697,765
90$21,783,669$0$0$9,540,458
91$23,891,637$0$0$10,467,704
92$26,211,029$0$0$11,488,084
93$28,763,295$0$0$12,611,052
94$31,572,072$0$0$13,847,026
95$34,663,405$0$0$15,207,482
96$38,065,990$0$0$16,705,069
97$41,811,446$0$0$18,353,722
98$45,934,615$0$0$20,168,796
99$50,473,887$0$0$22,167,213
100$55,471,563$0$0$24,367,616