Can I retire at age 45 with 542,000?

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 $542,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$44,758$44,359$43,970$43,591$43,220$42,399
2 years$22,157$21,745$21,345$20,957$20,581$19,757
3 years$14,625$14,210$13,811$13,427$13,057$12,257
4 years$10,859$10,446$10,051$9,674$9,313$8,541
5 years$8,601$8,190$7,800$7,430$7,079$6,338
6 years$7,095$6,688$6,304$5,942$5,602$4,893
7 years$6,020$5,616$5,238$4,885$4,556$3,879
8 years$5,215$4,814$4,443$4,098$3,779$3,134
9 years$4,588$4,192$3,826$3,491$3,183$2,569
10 years$4,088$3,695$3,336$3,009$2,712$2,129
11 years$3,678$3,289$2,937$2,619$2,332$1,780
12 years$3,337$2,952$2,606$2,297$2,021$1,498
13 years$3,049$2,668$2,329$2,028$1,762$1,268
14 years$2,802$2,425$2,092$1,800$1,545$1,079
15 years$2,588$2,215$1,889$1,605$1,360$921
16 years$2,401$2,033$1,713$1,437$1,202$789
17 years$2,237$1,872$1,559$1,292$1,066$677
18 years$2,090$1,730$1,423$1,164$948$583
19 years$1,960$1,603$1,302$1,052$845$502
20 years$1,842$1,490$1,195$953$755$434
21 years$1,736$1,388$1,099$864$675$375
22 years$1,640$1,295$1,013$786$605$325
23 years$1,552$1,211$936$716$543$282
24 years$1,471$1,135$865$653$488$244
25 years$1,397$1,065$801$596$439$212
26 years$1,329$1,001$743$545$396$184
27 years$1,266$942$690$499$357$160
28 years$1,208$888$642$457$322$139
29 years$1,154$837$597$419$291$121
30 years$1,103$791$556$385$263$106
31 years$1,056$748$519$353$238$92
32 years$1,012$707$484$325$215$80
33 years$971$670$452$299$194$70
34 years$932$635$422$275$176$61
35 years$895$602$395$253$159$53
36 years$861$572$369$233$144$46
37 years$828$543$345$215$131$40
38 years$798$516$324$198$119$35
39 years$769$491$303$182$108$31
40 years$741$467$284$168$98$27
41 years$715$444$266$155$89$23
42 years$690$423$250$143$80$20
43 years$666$403$234$132$73$18
44 years$644$384$220$122$66$15
45 years$623$367$207$113$60$13
46 years$602$350$194$104$55$12
47 years$583$334$182$96$50$10
48 years$564$319$171$89$45$9
49 years$546$304$161$82$41$8
50 years$529$291$151$76$37$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $542,000, adding $2,829 every year, while hoping to spend $37,293 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: 43/31/26 Blend
44$542,000$542,000$542,000$542,000
45$600,202$571,476$563,075$621,356
46$621,743$559,799$542,259$625,059
47$644,232$546,300$519,495$625,294
48$667,725$530,850$494,679$624,821
49$692,284$513,313$467,703$623,597
50$717,977$493,545$438,450$621,576
51$744,875$471,393$406,803$618,711
52$773,058$446,697$372,636$614,952
53$802,609$419,285$335,819$610,250
54$833,622$388,976$296,216$604,553
55$866,196$355,581$253,684$597,809
56$900,440$318,897$208,075$589,963
57$936,473$278,711$159,233$580,960
58$974,423$234,797$106,997$570,746
59$1,014,431$186,919$51,198$559,264
60$1,056,649$134,824$0$546,456
61$1,101,244$78,247$0$534,584
62$1,148,397$16,907$0$536,580
63$1,198,306$0$0$538,226
64$1,251,189$0$0$556,404
65$1,307,281$0$0$581,834
66$1,366,842$0$0$608,872
67$1,430,154$0$0$637,650
68$1,497,526$0$0$668,314
69$1,569,298$0$0$701,022
70$1,645,839$0$0$735,950
71$1,727,556$0$0$773,288
72$1,814,895$0$0$813,247
73$1,908,342$0$0$856,055
74$2,008,434$0$0$901,965
75$2,115,756$0$0$951,254
76$2,230,953$0$0$1,004,224
77$2,354,731$0$0$1,061,210
78$2,487,864$0$0$1,122,577
79$2,631,206$0$0$1,188,727
80$2,785,690$0$0$1,260,100
81$2,952,344$0$0$1,337,183
82$3,132,295$0$0$1,420,508
83$3,326,784$0$0$1,510,660
84$3,537,174$0$0$1,608,283
85$3,764,961$0$0$1,714,085
86$4,011,793$0$0$1,828,845
87$4,279,480$0$0$1,953,417
88$4,570,014$0$0$2,088,744
89$4,885,584$0$0$2,235,861
90$5,228,599$0$0$2,395,907
91$5,601,709$0$0$2,570,135
92$6,007,830$0$0$2,759,924
93$6,450,170$0$0$2,966,792
94$6,932,258$0$0$3,192,410
95$7,457,982$0$0$3,438,615
96$8,031,616$0$0$3,707,431
97$8,657,868$0$0$4,001,086
98$9,341,919$0$0$4,322,033
99$10,089,473$0$0$4,672,969
100$10,906,809$0$0$5,056,870