Can I retire at age 45 with 547,000?

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 $547,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$45,171$44,768$44,376$43,993$43,619$42,668
2 years$22,362$21,945$21,542$21,150$20,771$19,818
3 years$14,760$14,341$13,939$13,551$13,178$12,252
4 years$10,959$10,543$10,144$9,763$9,399$8,508
5 years$8,680$8,265$7,872$7,499$7,145$6,291
6 years$7,161$6,749$6,362$5,997$5,653$4,838
7 years$6,076$5,668$5,287$4,930$4,598$3,820
8 years$5,263$4,859$4,484$4,136$3,814$3,074
9 years$4,631$4,230$3,862$3,523$3,212$2,510
10 years$4,125$3,729$3,367$3,037$2,737$2,071
11 years$3,712$3,320$2,964$2,643$2,354$1,724
12 years$3,368$2,979$2,630$2,318$2,040$1,444
13 years$3,077$2,693$2,350$2,047$1,779$1,217
14 years$2,828$2,447$2,112$1,817$1,559$1,030
15 years$2,612$2,236$1,907$1,620$1,373$875
16 years$2,423$2,051$1,729$1,451$1,213$746
17 years$2,257$1,889$1,573$1,303$1,076$637
18 years$2,110$1,746$1,436$1,175$957$545
19 years$1,978$1,618$1,314$1,061$853$468
20 years$1,859$1,503$1,206$961$762$402
21 years$1,752$1,400$1,110$872$682$346
22 years$1,655$1,307$1,023$793$611$298
23 years$1,566$1,223$944$722$548$257
24 years$1,485$1,145$873$659$493$222
25 years$1,410$1,075$809$602$444$191
26 years$1,342$1,010$750$550$400$165
27 years$1,278$951$697$504$360$143
28 years$1,219$896$648$461$325$124
29 years$1,164$845$603$423$293$107
30 years$1,113$798$561$388$265$92
31 years$1,066$755$523$357$240$80
32 years$1,021$714$488$328$217$69
33 years$980$676$456$301$196$60
34 years$940$641$426$277$178$52
35 years$904$608$398$255$161$45
36 years$869$577$373$235$146$39
37 years$836$548$349$217$132$34
38 years$805$521$327$200$120$29
39 years$776$495$306$184$109$25
40 years$748$471$287$170$99$22
41 years$721$448$269$157$89$19
42 years$696$427$252$145$81$17
43 years$673$407$237$133$74$14
44 years$650$388$222$123$67$12
45 years$628$370$209$114$61$11
46 years$608$353$196$105$55$9
47 years$588$337$184$97$50$8
48 years$569$321$173$90$45$7
49 years$551$307$163$83$41$6
50 years$534$293$153$77$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $547,000, adding $6,701 every year, while hoping to spend $38,514 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: 71/7/22 Blend
44$547,000$547,000$547,000$547,000
45$609,706$580,715$572,237$649,222
46$630,918$568,192$550,428$663,926
47$653,002$553,763$526,598$674,835
48$676,007$537,297$500,638$685,834
49$699,985$518,650$472,435$696,927
50$724,993$497,673$441,871$708,122
51$751,090$474,207$408,821$719,424
52$778,341$448,083$373,157$730,845
53$806,817$419,125$334,743$742,394
54$836,594$387,143$293,438$754,086
55$867,754$351,941$249,096$765,937
56$900,386$313,307$201,562$777,966
57$934,586$271,020$150,675$790,196
58$970,459$224,845$96,267$802,653
59$1,008,118$174,534$38,164$815,369
60$1,047,687$119,827$0$828,379
61$1,089,299$60,446$0$847,321
62$1,133,099$0$0$876,571
63$1,179,248$0$0$907,561
64$1,227,916$0$0$945,164
65$1,279,293$0$0$984,871
66$1,333,583$0$0$1,026,843
67$1,391,010$0$0$1,071,253
68$1,451,820$0$0$1,118,293
69$1,516,278$0$0$1,168,170
70$1,584,676$0$0$1,221,113
71$1,657,334$0$0$1,277,371
72$1,734,600$0$0$1,337,216
73$1,816,856$0$0$1,400,946
74$1,904,520$0$0$1,468,887
75$1,998,050$0$0$1,541,397
76$2,097,947$0$0$1,618,868
77$2,204,760$0$0$1,701,729
78$2,319,092$0$0$1,790,450
79$2,441,604$0$0$1,885,547
80$2,573,019$0$0$1,987,588
81$2,714,134$0$0$2,097,193
82$2,865,820$0$0$2,215,043
83$3,029,036$0$0$2,341,889
84$3,204,833$0$0$2,478,552
85$3,394,367$0$0$2,625,934
86$3,598,907$0$0$2,785,028
87$3,819,846$0$0$2,956,925
88$4,058,718$0$0$3,142,821
89$4,317,206$0$0$3,344,034
90$4,597,161$0$0$3,562,011
91$4,900,619$0$0$3,798,343
92$5,229,819$0$0$4,054,782
93$5,587,220$0$0$4,333,250
94$5,975,532$0$0$4,635,866
95$6,397,731$0$0$4,964,959
96$6,857,094$0$0$5,323,090
97$7,357,227$0$0$5,713,079
98$7,902,095$0$0$6,138,029
99$8,496,064$0$0$6,601,354
100$9,143,939$0$0$7,106,811