Can I retire at age 45 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$48,969$48,533$48,108$47,692$47,287$46,812
2 years$24,242$23,791$23,353$22,929$22,517$22,040
3 years$16,001$15,548$15,111$14,691$14,286$13,820
4 years$11,881$11,429$10,997$10,584$10,189$9,738
5 years$9,410$8,961$8,534$8,129$7,745$7,310
6 years$7,763$7,317$6,897$6,501$6,129$5,711
7 years$6,587$6,145$5,731$5,345$4,984$4,583
8 years$5,705$5,267$4,861$4,484$4,135$3,751
9 years$5,020$4,586$4,186$3,819$3,482$3,115
10 years$4,472$4,042$3,650$3,292$2,967$2,616
11 years$4,024$3,599$3,213$2,865$2,552$2,218
12 years$3,651$3,230$2,852$2,513$2,211$1,893
13 years$3,336$2,919$2,548$2,219$1,928$1,626
14 years$3,066$2,653$2,289$1,970$1,690$1,403
15 years$2,832$2,424$2,067$1,756$1,488$1,216
16 years$2,627$2,224$1,874$1,573$1,315$1,057
17 years$2,447$2,048$1,705$1,413$1,166$922
18 years$2,287$1,892$1,557$1,273$1,037$806
19 years$2,144$1,754$1,425$1,151$924$706
20 years$2,015$1,630$1,308$1,042$826$620
21 years$1,899$1,518$1,203$946$739$545
22 years$1,794$1,417$1,109$860$662$480
23 years$1,698$1,325$1,024$783$594$423
24 years$1,610$1,242$947$714$534$374
25 years$1,529$1,165$877$652$481$330
26 years$1,454$1,095$813$596$433$292
27 years$1,385$1,031$755$546$390$258
28 years$1,322$971$702$500$352$229
29 years$1,262$916$653$459$318$203
30 years$1,207$865$609$421$287$179
31 years$1,155$818$567$387$260$159
32 years$1,107$774$529$355$235$141
33 years$1,062$733$494$327$213$125
34 years$1,019$695$462$301$193$111
35 years$979$659$432$277$174$99
36 years$942$625$404$255$158$88
37 years$906$594$378$235$143$78
38 years$873$565$354$216$130$69
39 years$841$537$332$200$118$61
40 years$811$511$311$184$107$55
41 years$782$486$291$170$97$49
42 years$755$463$273$157$88$43
43 years$729$441$257$145$80$38
44 years$705$421$241$134$72$34
45 years$681$401$226$123$66$30
46 years$659$383$212$114$60$27
47 years$637$365$200$105$54$24
48 years$617$348$188$97$49$21
49 years$598$333$176$90$45$19
50 years$579$318$166$83$41$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $593,000, adding $5,894 every year, while hoping to spend $25,714 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: 55/35/10 Blend
44$593,000$593,000$593,000$593,000
45$659,566$628,137$618,945$693,885
46$699,482$631,556$612,320$721,211
47$742,608$634,281$604,612$747,619
48$789,243$636,250$595,756$775,761
49$839,719$637,399$585,686$805,806
50$894,397$637,659$574,334$837,940
51$953,677$636,955$561,625$872,373
52$1,017,997$635,211$547,485$909,332
53$1,087,839$632,343$531,832$949,073
54$1,163,735$628,264$514,584$991,875
55$1,246,267$622,880$495,654$1,038,049
56$1,336,078$616,093$474,951$1,087,940
57$1,433,875$607,799$452,379$1,141,926
58$1,540,435$597,886$427,838$1,200,429
59$1,656,614$586,236$401,225$1,263,914
60$1,783,353$572,726$372,431$1,332,893
61$1,921,689$557,224$341,341$1,407,936
62$2,072,764$539,590$307,838$1,489,670
63$2,237,832$519,676$271,797$1,578,790
64$2,418,277$497,326$233,088$1,676,063
65$2,615,621$472,375$191,576$1,782,338
66$2,831,541$444,648$147,120$1,898,551
67$3,067,881$413,960$99,573$2,025,739
68$3,326,676$380,114$48,779$2,165,045
69$3,610,163$342,906$0$2,317,734
70$3,920,807$302,115$0$2,485,782
71$4,261,322$257,512$0$2,675,743
72$4,634,698$208,851$0$2,884,131
73$5,044,228$155,876$0$3,112,846
74$5,493,540$98,314$0$3,363,987
75$5,986,627$35,878$0$3,639,868
76$6,527,891$0$0$3,943,047
77$7,122,179$0$0$4,288,566
78$7,774,830$0$0$4,683,250
79$8,491,726$0$0$5,116,845
80$9,279,347$0$0$5,593,277
81$10,144,832$0$0$6,116,873
82$11,096,044$0$0$6,692,398
83$12,141,648$0$0$7,325,102
84$13,291,189$0$0$8,020,769
85$14,555,182$0$0$8,785,772
86$15,945,213$0$0$9,627,132
87$17,474,048$0$0$10,552,585
88$19,155,750$0$0$11,570,654
89$21,005,816$0$0$12,690,730
90$23,041,318$0$0$13,923,160
91$25,281,068$0$0$15,279,343
92$27,745,792$0$0$16,771,842
93$30,458,329$0$0$18,414,497
94$33,443,843$0$0$20,222,559
95$36,730,060$0$0$22,212,830
96$40,347,532$0$0$24,403,829
97$44,329,923$0$0$26,815,955
98$48,714,327$0$0$29,471,691
99$53,541,616$0$0$32,395,808
100$58,856,829$0$0$35,615,603