Can I retire at age 45 with 547,000?

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 $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%14.8%
1 years$45,171$44,768$44,376$43,993$43,619$42,755
2 years$22,362$21,945$21,542$21,150$20,771$19,905
3 years$14,760$14,341$13,939$13,551$13,178$12,336
4 years$10,959$10,543$10,144$9,763$9,399$8,587
5 years$8,680$8,265$7,872$7,499$7,145$6,366
6 years$7,161$6,749$6,362$5,997$5,653$4,909
7 years$6,076$5,668$5,287$4,930$4,598$3,887
8 years$5,263$4,859$4,484$4,136$3,814$3,138
9 years$4,631$4,230$3,862$3,523$3,212$2,569
10 years$4,125$3,729$3,367$3,037$2,737$2,126
11 years$3,712$3,320$2,964$2,643$2,354$1,775
12 years$3,368$2,979$2,630$2,318$2,040$1,493
13 years$3,077$2,693$2,350$2,047$1,779$1,262
14 years$2,828$2,447$2,112$1,817$1,559$1,072
15 years$2,612$2,236$1,907$1,620$1,373$913
16 years$2,423$2,051$1,729$1,451$1,213$781
17 years$2,257$1,889$1,573$1,303$1,076$670
18 years$2,110$1,746$1,436$1,175$957$576
19 years$1,978$1,618$1,314$1,061$853$496
20 years$1,859$1,503$1,206$961$762$427
21 years$1,752$1,400$1,110$872$682$369
22 years$1,655$1,307$1,023$793$611$319
23 years$1,566$1,223$944$722$548$276
24 years$1,485$1,145$873$659$493$239
25 years$1,410$1,075$809$602$444$207
26 years$1,342$1,010$750$550$400$180
27 years$1,278$951$697$504$360$156
28 years$1,219$896$648$461$325$136
29 years$1,164$845$603$423$293$118
30 years$1,113$798$561$388$265$102
31 years$1,066$755$523$357$240$89
32 years$1,021$714$488$328$217$77
33 years$980$676$456$301$196$67
34 years$940$641$426$277$178$59
35 years$904$608$398$255$161$51
36 years$869$577$373$235$146$44
37 years$836$548$349$217$132$39
38 years$805$521$327$200$120$34
39 years$776$495$306$184$109$29
40 years$748$471$287$170$99$25
41 years$721$448$269$157$89$22
42 years$696$427$252$145$81$19
43 years$673$407$237$133$74$17
44 years$650$388$222$123$67$15
45 years$628$370$209$114$61$13
46 years$608$353$196$105$55$11
47 years$588$337$184$97$50$10
48 years$569$321$173$90$45$8
49 years$551$307$163$83$41$7
50 years$534$293$153$77$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $547,000, adding $5,356 every year, while hoping to spend $25,071 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: 60/26/14 Blend
44$547,000$547,000$547,000$547,000
45$608,319$579,328$570,849$642,388
46$643,692$581,039$563,297$667,683
47$681,833$581,995$554,652$691,977
48$722,997$582,130$544,851$717,882
49$767,467$581,378$533,827$745,555
50$815,550$579,667$521,511$775,172
51$867,586$576,921$507,832$806,925
52$923,949$573,059$492,713$841,028
53$985,048$567,995$476,076$877,718
54$1,051,336$561,640$457,837$917,258
55$1,123,308$553,896$437,911$959,935
56$1,201,510$544,662$416,206$1,006,071
57$1,286,544$533,830$392,628$1,056,019
58$1,379,068$521,285$367,078$1,110,171
59$1,479,812$506,906$339,454$1,168,960
60$1,589,573$490,565$309,646$1,232,863
61$1,709,233$472,126$277,543$1,302,410
62$1,839,760$451,446$243,026$1,378,185
63$1,982,221$428,372$205,973$1,460,835
64$2,137,789$402,744$166,254$1,551,072
65$2,307,757$374,392$123,737$1,649,685
66$2,493,547$343,136$78,281$1,757,547
67$2,696,725$308,785$29,739$1,875,619
68$2,919,015$271,140$0$2,004,964
69$3,162,317$229,988$0$2,150,055
70$3,428,720$185,105$0$2,313,846
71$3,720,528$136,253$0$2,493,348
72$4,040,276$83,183$0$2,690,171
73$4,390,756$25,631$0$2,906,087
74$4,775,043$0$0$3,143,054
75$5,196,526$0$0$3,413,727
76$5,658,934$0$0$3,718,771
77$6,166,377$0$0$4,053,571
78$6,723,382$0$0$4,421,118
79$7,334,934$0$0$4,824,708
80$8,006,526$0$0$5,267,973
81$8,744,209$0$0$5,754,912
82$9,554,648$0$0$6,289,931
83$10,445,184$0$0$6,877,884
84$11,423,909$0$0$7,524,120
85$12,499,733$0$0$8,234,529
86$13,682,474$0$0$9,015,604
87$14,982,949$0$0$9,874,494
88$16,413,076$0$0$10,819,078
89$17,985,985$0$0$11,858,039
90$19,716,142$0$0$13,000,938
91$21,619,487$0$0$14,258,315
92$23,713,579$0$0$15,641,780
93$26,017,770$0$0$17,164,125
94$28,553,378$0$0$18,839,446
95$31,343,895$0$0$20,683,274
96$34,415,203$0$0$22,712,722
97$37,795,824$0$0$24,946,646
98$41,517,181$0$0$27,405,823
99$45,613,902$0$0$30,113,147
100$50,124,140$0$0$33,093,843