Can I retire at age 45 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$45,418$45,014$44,619$44,234$43,858$42,832
2 years$22,484$22,066$21,660$21,266$20,885$19,857
3 years$14,841$14,420$14,015$13,626$13,250$12,253
4 years$11,020$10,600$10,200$9,816$9,450$8,491
5 years$8,728$8,311$7,915$7,540$7,184$6,265
6 years$7,200$6,786$6,397$6,030$5,684$4,807
7 years$6,109$5,699$5,316$4,957$4,623$3,788
8 years$5,292$4,885$4,508$4,159$3,835$3,041
9 years$4,656$4,254$3,883$3,542$3,230$2,477
10 years$4,148$3,749$3,385$3,053$2,752$2,039
11 years$3,732$3,338$2,980$2,657$2,367$1,692
12 years$3,386$2,996$2,645$2,331$2,051$1,414
13 years$3,094$2,707$2,363$2,058$1,788$1,189
14 years$2,843$2,461$2,123$1,827$1,568$1,003
15 years$2,626$2,248$1,917$1,629$1,380$850
16 years$2,437$2,063$1,738$1,459$1,220$722
17 years$2,270$1,900$1,582$1,311$1,082$615
18 years$2,121$1,755$1,444$1,181$962$525
19 years$1,989$1,627$1,322$1,067$857$449
20 years$1,869$1,512$1,213$967$766$385
21 years$1,762$1,408$1,116$877$685$330
22 years$1,664$1,314$1,028$798$614$283
23 years$1,575$1,229$949$726$551$243
24 years$1,493$1,152$878$663$496$209
25 years$1,418$1,081$813$605$446$180
26 years$1,349$1,016$754$553$402$155
27 years$1,285$956$700$506$362$134
28 years$1,226$901$651$464$327$115
29 years$1,171$850$606$425$295$99
30 years$1,120$803$564$390$267$86
31 years$1,072$759$526$359$241$74
32 years$1,027$718$491$330$218$64
33 years$985$680$458$303$197$55
34 years$946$644$428$279$179$48
35 years$908$611$400$257$162$41
36 years$874$580$375$236$147$35
37 years$841$551$351$218$133$31
38 years$809$524$328$201$120$26
39 years$780$498$308$185$109$23
40 years$752$474$288$171$99$20
41 years$725$451$270$158$90$17
42 years$700$429$254$145$82$15
43 years$676$409$238$134$74$13
44 years$653$390$223$124$67$11
45 years$632$372$210$114$61$10
46 years$611$355$197$106$55$8
47 years$591$339$185$98$50$7
48 years$572$323$174$90$46$6
49 years$554$309$163$83$41$5
50 years$537$295$154$77$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $550,000, adding $6,137 every year, while hoping to spend $41,452 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: 69/25/6 Blend
44$550,000$550,000$550,000$550,000
45$612,430$583,280$574,755$653,750
46$630,794$567,756$549,905$666,370
47$649,641$550,083$522,833$674,504
48$668,977$530,110$493,421$682,267
49$688,808$507,680$461,545$689,612
50$709,136$482,626$427,077$696,491
51$729,965$454,772$389,882$702,851
52$751,297$423,931$349,818$708,635
53$773,130$389,905$306,738$713,784
54$795,465$352,486$260,489$718,232
55$818,297$311,453$210,910$721,909
56$841,622$266,572$157,834$724,739
57$865,431$217,598$101,085$726,640
58$889,714$164,270$40,481$727,527
59$914,459$106,313$0$727,305
60$939,649$43,437$0$727,422
61$965,263$0$0$729,088
62$991,278$0$0$736,389
63$1,017,664$0$0$755,906
64$1,044,388$0$0$775,662
65$1,071,409$0$0$795,627
66$1,098,683$0$0$815,765
67$1,126,155$0$0$836,035
68$1,153,764$0$0$856,390
69$1,181,441$0$0$876,777
70$1,209,106$0$0$897,133
71$1,236,668$0$0$917,390
72$1,264,024$0$0$937,468
73$1,291,060$0$0$957,280
74$1,317,643$0$0$976,724
75$1,343,627$0$0$995,689
76$1,368,846$0$0$1,014,047
77$1,393,115$0$0$1,031,656
78$1,416,226$0$0$1,048,358
79$1,437,946$0$0$1,063,976
80$1,458,016$0$0$1,078,310
81$1,476,144$0$0$1,091,139
82$1,492,008$0$0$1,102,216
83$1,505,247$0$0$1,111,266
84$1,515,460$0$0$1,117,982
85$1,522,199$0$0$1,122,025
86$1,524,969$0$0$1,123,016
87$1,523,218$0$0$1,120,533
88$1,516,334$0$0$1,114,111
89$1,503,637$0$0$1,103,232
90$1,484,372$0$0$1,087,320
91$1,457,704$0$0$1,065,739
92$1,422,707$0$0$1,037,784
93$1,378,355$0$0$1,002,673
94$1,323,510$0$0$959,540
95$1,256,914$0$0$907,427
96$1,177,176$0$0$845,274
97$1,082,754$0$0$771,908
98$971,945$0$0$686,031
99$842,863$0$0$586,210
100$693,427$0$0$470,859