Can I retire at age 45 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$45,501$45,096$44,700$44,314$43,938$43,515
2 years$22,525$22,106$21,699$21,305$20,923$20,497
3 years$14,868$14,446$14,041$13,650$13,274$12,859
4 years$11,040$10,620$10,218$9,834$9,467$9,065
5 years$8,743$8,326$7,930$7,554$7,197$6,809
6 years$7,213$6,799$6,408$6,041$5,695$5,322
7 years$6,120$5,710$5,325$4,966$4,631$4,273
8 years$5,301$4,894$4,516$4,166$3,842$3,499
9 years$4,665$4,261$3,890$3,549$3,236$2,908
10 years$4,155$3,756$3,391$3,059$2,757$2,444
11 years$3,739$3,344$2,986$2,662$2,371$2,073
12 years$3,393$3,001$2,650$2,335$2,055$1,770
13 years$3,099$2,712$2,367$2,062$1,792$1,521
14 years$2,848$2,465$2,127$1,830$1,571$1,314
15 years$2,631$2,252$1,920$1,632$1,383$1,139
16 years$2,441$2,066$1,741$1,461$1,222$991
17 years$2,274$1,903$1,584$1,313$1,084$865
18 years$2,125$1,758$1,446$1,183$964$757
19 years$1,992$1,630$1,324$1,069$859$664
20 years$1,873$1,514$1,215$968$767$583
21 years$1,765$1,411$1,118$879$686$513
22 years$1,667$1,317$1,030$799$615$452
23 years$1,577$1,232$951$728$552$399
24 years$1,496$1,154$880$664$496$352
25 years$1,421$1,083$815$606$447$312
26 years$1,351$1,018$756$554$402$276
27 years$1,287$958$702$507$363$244
28 years$1,228$903$652$465$327$216
29 years$1,173$851$607$426$296$192
30 years$1,122$804$565$391$267$170
31 years$1,074$760$527$359$241$151
32 years$1,029$719$492$330$218$134
33 years$987$681$459$304$198$119
34 years$947$646$429$279$179$106
35 years$910$612$401$257$162$94
36 years$875$581$375$237$147$83
37 years$842$552$351$218$133$74
38 years$811$525$329$201$121$66
39 years$781$499$308$185$109$59
40 years$753$475$289$171$99$52
41 years$727$452$271$158$90$46
42 years$702$430$254$146$82$41
43 years$678$410$238$134$74$37
44 years$655$391$224$124$67$33
45 years$633$373$210$115$61$29
46 years$612$355$197$106$55$26
47 years$592$339$185$98$50$23
48 years$573$324$174$90$46$21
49 years$555$309$164$84$42$18
50 years$538$295$154$77$38$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $551,000, adding $4,450 every year, while hoping to spend $21,780 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: 89/6/5 Blend
44$551,000$551,000$551,000$551,000
45$611,792$582,589$574,049$665,928
46$651,021$587,962$570,106$707,186
47$693,522$592,869$565,300$749,000
48$739,604$597,263$559,581$794,249
49$789,610$601,095$552,894$843,264
50$843,916$604,314$545,181$896,407
51$902,935$606,865$536,384$954,075
52$967,121$608,688$526,439$1,016,710
53$1,036,974$609,721$515,283$1,084,793
54$1,113,046$609,898$502,845$1,158,858
55$1,195,942$609,147$489,055$1,239,490
56$1,286,328$607,396$473,838$1,327,334
57$1,384,938$604,562$457,116$1,423,101
58$1,492,579$600,564$438,808$1,527,574
59$1,610,141$595,310$418,826$1,641,614
60$1,738,601$588,706$397,083$1,766,170
61$1,879,038$580,652$373,485$1,902,289
62$2,032,637$571,041$347,933$2,051,121
63$2,200,704$559,760$320,327$2,213,936
64$2,384,676$546,689$290,559$2,392,130
65$2,586,139$531,703$258,518$2,587,243
66$2,806,835$514,666$224,088$2,800,971
67$3,048,684$495,436$187,147$3,035,182
68$3,313,802$473,865$147,569$3,291,935
69$3,604,517$449,792$105,220$3,573,497
70$3,923,396$423,050$59,963$3,882,368
71$4,273,264$393,461$11,654$4,221,299
72$4,657,234$360,837$0$4,593,325
73$5,078,733$324,980$0$5,003,915
74$5,541,539$285,679$0$5,455,426
75$6,049,812$242,713$0$5,951,301
76$6,608,134$195,847$0$6,496,021
77$7,221,554$144,834$0$7,094,521
78$7,895,633$89,412$0$7,752,240
79$8,636,500$29,304$0$8,475,170
80$9,450,903$0$0$9,269,913
81$10,346,280$0$0$10,146,106
82$11,330,824$0$0$11,111,685
83$12,413,562$0$0$12,173,570
84$13,604,440$0$0$13,341,515
85$14,914,415$0$0$14,626,267
86$16,355,561$0$0$16,039,667
87$17,941,179$0$0$17,594,761
88$19,685,928$0$0$19,305,926
89$21,605,955$0$0$21,188,998
90$23,719,055$0$0$23,261,432
91$26,044,834$0$0$25,542,454
92$28,604,895$0$0$28,053,254
93$31,423,043$0$0$30,817,178
94$34,525,505$0$0$33,859,951
95$37,941,184$0$0$37,209,918
96$41,701,925$0$0$40,898,314
97$45,842,821$0$0$44,959,556
98$50,402,538$0$0$49,431,567
99$55,423,684$0$0$54,356,136
100$60,953,209$0$0$59,779,311