Can I retire at age 45 with 545,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.9%
1 years$45,006$44,605$44,214$43,832$43,459$41,735
2 years$22,280$21,865$21,463$21,073$20,695$18,979
3 years$14,706$14,289$13,888$13,502$13,130$11,476
4 years$10,919$10,504$10,107$9,727$9,364$7,786
5 years$8,648$8,235$7,843$7,471$7,118$5,619
6 years$7,135$6,725$6,339$5,975$5,633$4,214
7 years$6,054$5,647$5,267$4,912$4,581$3,241
8 years$5,244$4,841$4,467$4,121$3,800$2,539
9 years$4,614$4,215$3,848$3,510$3,200$2,015
10 years$4,110$3,715$3,354$3,026$2,727$1,616
11 years$3,698$3,307$2,953$2,633$2,345$1,305
12 years$3,356$2,969$2,621$2,310$2,032$1,061
13 years$3,066$2,683$2,342$2,039$1,772$867
14 years$2,817$2,438$2,104$1,810$1,553$710
15 years$2,602$2,228$1,900$1,614$1,368$584
16 years$2,415$2,044$1,722$1,445$1,209$482
17 years$2,249$1,882$1,567$1,299$1,072$398
18 years$2,102$1,739$1,431$1,170$953$329
19 years$1,970$1,612$1,310$1,058$849$273
20 years$1,852$1,498$1,202$958$759$226
21 years$1,746$1,395$1,106$869$679$188
22 years$1,649$1,302$1,019$790$609$156
23 years$1,560$1,218$941$720$546$130
24 years$1,479$1,141$870$657$491$108
25 years$1,405$1,071$806$600$442$90
26 years$1,337$1,007$747$548$398$75
27 years$1,273$947$694$502$359$62
28 years$1,215$893$645$460$324$52
29 years$1,160$842$600$422$292$43
30 years$1,109$795$559$387$264$36
31 years$1,062$752$521$355$239$30
32 years$1,018$711$486$327$216$25
33 years$976$674$454$300$196$21
34 years$937$639$424$276$177$17
35 years$900$606$397$254$160$15
36 years$866$575$371$234$145$12
37 years$833$546$347$216$132$10
38 years$802$519$325$199$119$8
39 years$773$493$305$183$108$7
40 years$745$469$286$169$98$6
41 years$719$447$268$156$89$5
42 years$694$426$251$144$81$4
43 years$670$405$236$133$73$3
44 years$648$386$221$123$67$3
45 years$626$369$208$113$60$2
46 years$605$352$195$105$55$2
47 years$586$336$183$97$50$2
48 years$567$320$172$89$45$1
49 years$549$306$162$83$41$1
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 $3,717 every year, while hoping to spend $22,166 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: 62/18/20 Blend
44$545,000$545,000$545,000$545,000
45$604,424$575,539$567,092$638,556
46$642,491$580,156$562,505$666,648
47$683,698$584,256$557,021$694,501
48$728,341$587,791$550,588$724,401
49$776,748$590,709$543,148$756,550
50$829,277$592,954$534,644$791,170
51$886,322$594,468$525,014$828,508
52$948,319$595,189$514,194$868,835
53$1,015,745$595,051$502,117$912,450
54$1,089,125$593,982$488,712$959,687
55$1,169,037$591,909$473,906$1,010,909
56$1,256,119$588,753$457,621$1,066,522
57$1,351,070$584,428$439,779$1,126,972
58$1,454,661$578,847$420,293$1,192,750
59$1,567,740$571,915$399,077$1,264,401
60$1,691,242$563,531$376,038$1,342,525
61$1,826,194$553,589$351,081$1,427,784
62$1,973,728$541,977$324,104$1,520,910
63$2,135,091$528,576$295,004$1,622,709
64$2,311,653$513,260$263,670$1,734,074
65$2,504,927$495,895$229,988$1,855,988
66$2,716,575$476,339$193,838$1,989,536
67$2,948,431$454,444$155,096$2,135,915
68$3,202,510$430,052$113,632$2,296,448
69$3,481,036$402,994$69,308$2,472,593
70$3,786,455$373,094$21,983$2,665,959
71$4,121,463$340,166$0$2,878,323
72$4,489,029$304,011$0$3,117,729
73$4,892,423$264,420$0$3,385,656
74$5,335,247$221,173$0$3,679,825
75$5,821,468$174,036$0$4,002,904
76$6,355,457$122,764$0$4,357,832
77$6,942,030$67,095$0$4,747,850
78$7,586,490$6,756$0$5,176,529
79$8,294,681$0$0$5,647,806
80$9,073,040$0$0$6,177,619
81$9,928,658$0$0$6,761,537
82$10,869,351$0$0$7,403,559
83$11,903,725$0$0$8,109,566
84$13,041,265$0$0$8,886,037
85$14,292,419$0$0$9,740,111
86$15,668,701$0$0$10,679,653
87$17,182,796$0$0$11,713,330
88$18,848,678$0$0$12,850,688
89$20,681,747$0$0$14,102,248
90$22,698,971$0$0$15,479,603
91$24,919,043$0$0$16,995,524
92$27,362,563$0$0$18,664,085
93$30,052,228$0$0$20,500,791
94$33,013,047$0$0$22,522,731
95$36,272,578$0$0$24,748,730
96$39,861,186$0$0$27,199,534
97$43,812,328$0$0$29,898,003
98$48,162,875$0$0$32,869,326
99$52,953,450$0$0$36,141,258
100$58,228,820$0$0$39,744,384