Can I retire at age 45 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$45,006$44,605$44,214$43,832$43,459$41,884
2 years$22,280$21,865$21,463$21,073$20,695$19,125
3 years$14,706$14,289$13,888$13,502$13,130$11,615
4 years$10,919$10,504$10,107$9,727$9,364$7,916
5 years$8,648$8,235$7,843$7,471$7,118$5,740
6 years$7,135$6,725$6,339$5,975$5,633$4,326
7 years$6,054$5,647$5,267$4,912$4,581$3,345
8 years$5,244$4,841$4,467$4,121$3,800$2,634
9 years$4,614$4,215$3,848$3,510$3,200$2,102
10 years$4,110$3,715$3,354$3,026$2,727$1,695
11 years$3,698$3,307$2,953$2,633$2,345$1,378
12 years$3,356$2,969$2,621$2,310$2,032$1,127
13 years$3,066$2,683$2,342$2,039$1,772$926
14 years$2,817$2,438$2,104$1,810$1,553$764
15 years$2,602$2,228$1,900$1,614$1,368$632
16 years$2,415$2,044$1,722$1,445$1,209$525
17 years$2,249$1,882$1,567$1,299$1,072$436
18 years$2,102$1,739$1,431$1,170$953$363
19 years$1,970$1,612$1,310$1,058$849$303
20 years$1,852$1,498$1,202$958$759$253
21 years$1,746$1,395$1,106$869$679$212
22 years$1,649$1,302$1,019$790$609$177
23 years$1,560$1,218$941$720$546$148
24 years$1,479$1,141$870$657$491$124
25 years$1,405$1,071$806$600$442$104
26 years$1,337$1,007$747$548$398$87
27 years$1,273$947$694$502$359$73
28 years$1,215$893$645$460$324$61
29 years$1,160$842$600$422$292$52
30 years$1,109$795$559$387$264$43
31 years$1,062$752$521$355$239$36
32 years$1,018$711$486$327$216$31
33 years$976$674$454$300$196$26
34 years$937$639$424$276$177$22
35 years$900$606$397$254$160$18
36 years$866$575$371$234$145$15
37 years$833$546$347$216$132$13
38 years$802$519$325$199$119$11
39 years$773$493$305$183$108$9
40 years$745$469$286$169$98$8
41 years$719$447$268$156$89$6
42 years$694$426$251$144$81$5
43 years$670$405$236$133$73$4
44 years$648$386$221$123$67$4
45 years$626$369$208$113$60$3
46 years$605$352$195$105$55$3
47 years$586$336$183$97$50$2
48 years$567$320$172$89$45$2
49 years$549$306$162$83$41$2
50 years$532$292$152$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $545,000, adding $2,821 every year, while hoping to spend $37,733 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: 72/17/11 Blend
44$545,000$545,000$545,000$545,000
45$603,500$574,615$566,167$645,428
46$624,909$562,623$544,986$661,548
47$647,238$548,780$521,831$674,271
48$670,539$532,953$496,596$687,180
49$694,872$515,005$469,169$700,283
50$720,298$494,790$439,436$713,591
51$746,887$472,153$407,275$727,116
52$774,711$446,930$372,560$740,874
53$803,849$418,947$335,159$754,882
54$834,388$388,022$294,933$769,160
55$866,422$353,961$251,740$783,730
56$900,051$316,560$205,427$798,621
57$935,386$275,601$155,838$813,862
58$972,546$230,856$102,810$829,491
59$1,011,661$182,084$46,170$845,547
60$1,052,874$129,029$0$862,077
61$1,096,338$71,422$0$880,810
62$1,142,222$8,979$0$906,024
63$1,190,708$0$0$932,385
64$1,241,998$0$0$970,958
65$1,296,309$0$0$1,013,594
66$1,353,880$0$0$1,058,802
67$1,414,971$0$0$1,106,789
68$1,479,869$0$0$1,157,780
69$1,548,884$0$0$1,212,022
70$1,622,357$0$0$1,269,786
71$1,700,663$0$0$1,331,367
72$1,784,210$0$0$1,397,089
73$1,873,446$0$0$1,467,308
74$1,968,862$0$0$1,542,411
75$2,070,998$0$0$1,622,827
76$2,180,442$0$0$1,709,022
77$2,297,843$0$0$1,801,511
78$2,423,911$0$0$1,900,855
79$2,559,427$0$0$2,007,674
80$2,705,245$0$0$2,122,645
81$2,862,307$0$0$2,246,515
82$3,031,645$0$0$2,380,101
83$3,214,393$0$0$2,524,303
84$3,411,798$0$0$2,680,108
85$3,625,227$0$0$2,848,603
86$3,856,188$0$0$3,030,980
87$4,106,334$0$0$3,228,553
88$4,377,484$0$0$3,442,763
89$4,671,639$0$0$3,675,197
90$4,991,000$0$0$3,927,599
91$5,337,985$0$0$4,201,888
92$5,715,256$0$0$4,500,175
93$6,125,742$0$0$4,824,783
94$6,572,665$0$0$5,178,267
95$7,059,570$0$0$5,563,440
96$7,590,359$0$0$5,983,395
97$8,169,325$0$0$6,441,539
98$8,801,196$0$0$6,941,620
99$9,491,174$0$0$7,487,765
100$10,244,986$0$0$8,084,518