Can I retire at age 45 with 541,000?

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 $541,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$44,675$44,277$43,889$43,510$43,140$41,995
2 years$22,116$21,705$21,305$20,918$20,543$19,397
3 years$14,598$14,184$13,786$13,403$13,033$11,923
4 years$10,839$10,427$10,033$9,656$9,295$8,229
5 years$8,585$8,175$7,786$7,417$7,066$6,046
6 years$7,082$6,675$6,292$5,931$5,591$4,619
7 years$6,009$5,606$5,229$4,876$4,547$3,623
8 years$5,205$4,805$4,434$4,091$3,772$2,895
9 years$4,580$4,184$3,819$3,484$3,177$2,346
10 years$4,080$3,688$3,330$3,003$2,707$1,922
11 years$3,671$3,283$2,931$2,614$2,328$1,587
12 years$3,331$2,947$2,602$2,293$2,017$1,320
13 years$3,043$2,663$2,324$2,024$1,759$1,103
14 years$2,797$2,421$2,088$1,797$1,542$926
15 years$2,583$2,211$1,886$1,602$1,358$780
16 years$2,397$2,029$1,710$1,435$1,200$659
17 years$2,232$1,868$1,556$1,289$1,064$558
18 years$2,086$1,727$1,420$1,162$946$474
19 years$1,956$1,600$1,300$1,050$843$403
20 years$1,839$1,487$1,193$951$753$343
21 years$1,733$1,385$1,097$863$674$292
22 years$1,637$1,293$1,011$785$604$249
23 years$1,549$1,209$934$715$542$213
24 years$1,469$1,133$864$652$487$182
25 years$1,395$1,063$800$595$439$156
26 years$1,327$999$742$544$395$133
27 years$1,264$940$689$498$356$114
28 years$1,206$886$640$456$321$98
29 years$1,152$836$596$419$290$84
30 years$1,101$789$555$384$262$72
31 years$1,054$746$518$353$237$61
32 years$1,010$706$483$324$214$53
33 years$969$669$451$298$194$45
34 years$930$634$421$274$176$39
35 years$894$601$394$253$159$33
36 years$859$571$368$233$144$28
37 years$827$542$345$214$131$24
38 years$796$515$323$197$119$21
39 years$767$490$303$182$107$18
40 years$740$466$284$168$97$15
41 years$714$444$266$155$88$13
42 years$689$422$249$143$80$11
43 years$665$402$234$132$73$10
44 years$643$384$220$122$66$8
45 years$621$366$206$113$60$7
46 years$601$349$194$104$54$6
47 years$582$333$182$96$49$5
48 years$563$318$171$89$45$5
49 years$545$304$161$82$41$4
50 years$528$290$151$76$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $541,000, adding $4,079 every year, while hoping to spend $37,607 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: 51/28/21 Blend
44$541,000$541,000$541,000$541,000
45$600,389$571,716$563,331$627,312
46$621,616$559,717$542,189$634,347
47$643,746$545,869$519,078$637,793
48$666,834$530,043$493,893$640,749
49$690,936$512,100$466,524$643,182
50$716,113$491,894$436,854$645,058
51$742,432$469,271$404,763$646,344
52$769,962$444,068$370,125$647,004
53$798,783$416,112$332,809$647,002
54$828,977$385,220$292,676$646,302
55$860,636$351,199$249,584$644,867
56$893,858$313,845$203,382$642,660
57$928,749$272,941$153,913$639,644
58$965,427$228,260$101,015$635,783
59$1,004,017$179,562$44,515$631,038
60$1,044,657$126,590$0$625,374
61$1,087,496$69,078$0$622,293
62$1,132,698$6,740$0$629,098
63$1,180,441$0$0$635,816
64$1,230,917$0$0$661,173
65$1,284,340$0$0$690,233
66$1,340,939$0$0$721,048
67$1,400,968$0$0$753,759
68$1,464,702$0$0$788,520
69$1,532,444$0$0$825,500
70$1,604,523$0$0$864,883
71$1,681,301$0$0$906,871
72$1,763,173$0$0$951,686
73$1,850,573$0$0$999,571
74$1,943,976$0$0$1,050,790
75$2,043,902$0$0$1,105,635
76$2,150,923$0$0$1,164,425
77$2,265,663$0$0$1,227,512
78$2,388,811$0$0$1,295,280
79$2,521,119$0$0$1,368,150
80$2,663,416$0$0$1,446,587
81$2,816,608$0$0$1,531,100
82$2,981,694$0$0$1,622,247
83$3,159,769$0$0$1,720,643
84$3,352,038$0$0$1,826,962
85$3,559,821$0$0$1,941,947
86$3,784,574$0$0$2,066,412
87$4,027,893$0$0$2,201,254
88$4,291,536$0$0$2,347,457
89$4,577,433$0$0$2,506,107
90$4,887,709$0$0$2,678,393
91$5,224,700$0$0$2,865,628
92$5,590,974$0$0$3,069,252
93$5,989,360$0$0$3,290,854
94$6,422,966$0$0$3,532,177
95$6,895,214$0$0$3,795,144
96$7,409,871$0$0$4,081,868
97$7,971,080$0$0$4,394,676
98$8,583,402$0$0$4,736,129
99$9,251,858$0$0$5,109,045
100$9,981,975$0$0$5,516,529